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Sinking Currency, Sinking Country
World Net Daily ^
| 11/02/07
| Pat Buchanan
Posted on 11/02/2007 5:23:12 AM PDT by Thorin
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Buchanan nails it.
1
posted on
11/02/2007 5:23:15 AM PDT
by
Thorin
To: Thorin
You tell it Pat...tell it like it is!
To: Thorin
Why is Buchanan so upset? He’s the one who wanted to tax the bejeebers out of imports to begin with in order to make them more expensive compared to American goods. Now that’s exactly what we’ve got anyway with a low dollar. The only difference is that the market determined when and how much, not some pin-headed government bureaucrat sitting in a stuffy office in Washington, D.C. We moved efficiently to this result by means of market mechanisms.
Is Buchanan buying into the European bullcrap that the value of your currency has relevance independent from its economic signficance because it’s a matter of National “prestige?” Personally, I would rather have a strong economy than a strong dollar. My National pride is not conditioned on the value of the dollar.
3
posted on
11/02/2007 5:30:57 AM PDT
by
Brilliant
To: Thorin
Buchanan is a total moron, again. A weak dollar makes imports expensive and our exports cheaper. It helps our domestic economy and helps wean us off our addiction to cheap imported goods. Thus a weak dollar is GOOD for our economy. A strong dollar, on the other hand does nothing but gratify the egos of Know Nothing dinosaurs like Buchanan.
4
posted on
11/02/2007 5:31:20 AM PDT
by
MNJohnnie
(Pacifism is not moral. True morality requires evil be opposed, not appeased)
Comment #5 Removed by Moderator
To: MNJohnnie
What exports?
We’ve squandered our entire industrial base.
What have we got to export anymore?
Grain? Cattle. Leftist Hollyweird movies and CD’s.
To: Thorin
Buchanan nails it.Yeah, about like martin luther did.
Naive drivel pandering to people's naivete.
To: Thorin
It’ll get worse before it gets better but like all cycles it will turn around.
Although it looks like oil and gold will continue to rise: oil to $100 and gold perhaps to $900. The deficit is the main problem, and somewhere Friedman is spinning in his grave.
8
posted on
11/02/2007 5:33:50 AM PDT
by
period end of story
(I may be totally wrong, but I'm a dancing fool.)
To: MNJohnnie
Wrong. The dollar is way to week and it is hurting middle class families.
9
posted on
11/02/2007 5:33:54 AM PDT
by
Hydroshock
("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
To: SergeiRachmaninov
Borrowing $2 billion a day from foreign nations to maintain her standard of liviing Another know nothing hysteric myth without the slightest base in fact. Pat is almost a stupid as Ron Paul. $2 billion a day would be a federal deficit of 730 billion a year. Our actual Fed Deficit this year is around $190 billion.
Once again Pat demonstrates he is so sunk into senility that he has lost all touch with factual reality.
10
posted on
11/02/2007 5:34:16 AM PDT
by
MNJohnnie
(Pacifism is not moral. True morality requires evil be opposed, not appeased)
To: Brilliant
I guess Pat”SS” Buchanan blames the joooos for this one.
11
posted on
11/02/2007 5:34:38 AM PDT
by
Perdogg
(Elections have consequences.)
To: MNJohnnie
>>>>>Buchanan is a total moron,
No, you are. The only reason our chronic and enormous deficits have not already impoverished America is that the dollar has been the reserve currency for the rest of the world. That is slowly changing, as the dollar falls in value. And when it does change, we will have no one to balme but ourselves and our profligacy and improvidence.
12
posted on
11/02/2007 5:35:55 AM PDT
by
Thorin
("I won't be reconstructed, and I do not give a damn.")
To: Cringing Negativism Network
Weve squandered our entire industrial base.Very appropriate screen name.
Praytell, can you elaborate on this assertion of yours?
To: the invisib1e hand
Praytell, can you elaborate on this assertion of yours?
-
Sure:
Peoples. Republic. of China.
Any questions?
To: Brilliant
Should not our import / expoet taxes simply be equal to those imposed by the trading country....would this level the playing field?
15
posted on
11/02/2007 5:38:15 AM PDT
by
cbkaty
(I may not always post...but I am always here......)
To: MNJohnnie
Holy crap. You can’t be serious.
16
posted on
11/02/2007 5:39:15 AM PDT
by
durasell
(!)
To: Hydroshock
I see Dogma Uber Alles. We shouldn’t actually look at the facts, we should cling to the Know Nothing dogmas screamed by never been anything fools like Pat here.
There is almost no difference these days between Pat and the far Leftists. Both are completely panicked by the normal operations of the Capitalist Free Market system
17
posted on
11/02/2007 5:39:23 AM PDT
by
MNJohnnie
(Pacifism is not moral. True morality requires evil be opposed, not appeased)
To: Cringing Negativism Network
18
posted on
11/02/2007 5:39:32 AM PDT
by
DungeonMaster
(Al Gore, the Jessie Jackson of weather.)
To: Perdogg
>>>>>I guess PatSS Buchanan blames the joooos for this one.
Did you read the column? Are you actually capable of reading and understanding? Or are you merely conditioned to spout moronic soundbites when you hear the appropriate word?
19
posted on
11/02/2007 5:39:33 AM PDT
by
Thorin
("I won't be reconstructed, and I do not give a damn.")
To: Thorin
Have gold, silver, oil, the euro, the pound and the Canadian dollar all suddenly soared in value in just a few years? Yes.
Buchanan nails it.
LOL!
20
posted on
11/02/2007 5:39:33 AM PDT
by
Toddsterpatriot
(What came first, the bad math or the goldbuggery?)
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