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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

The euro, worth 83 cents in the early George W. Bush years, is at $1.45.

The British pound is back up over $2, the highest level since the Carter era. The Canadian dollar, which used to be worth 65 cents, is worth more than the U.S. dollar for the first time in half a century.

Oil is over $90 a barrel. Gold, down to $260 an ounce not so long ago, has hit $800.

Have gold, silver, oil, the euro, the pound and the Canadian dollar all suddenly soared in value in just a few years?

Nope. The dollar has plummeted in value, more so in Bush's term than during any comparable period of U.S. history. Indeed, Bush is presiding over a worldwide abandonment of the American dollar.

Is it all Bush's fault? Nope.

The dollar is plunging because America has been living beyond her means, borrowing $2 billion a day from foreign nations to maintain her standard of living and to sustain the American Imperium.

(Excerpt) Read more at worldnetdaily.com ...


TOPICS: Business/Economy
KEYWORDS: alasandalack; democrat; depression; despair; doom; dustbowl; economicignorance; economictreason; freetrade; fretradefolly; mercantilism; patbuchanan; pitchforkpat; sackclothandashes; woeisme
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To: 1rudeboy; am452
So you haven't bought anything but a toothbrush in years?

No clothing, food, automobiles or automobile repair and maintenance parts,no furniture, no kitchen goods or appliances, no lights, flashlights or lightbulbs.

You've never eaten shrimp, catfish, garlic, apple juice from concentrate, honey, codfish, bread,candy or cocoa butter?

You do spend a lot of time on your computer on this forum. That's probably a good thing, because if you went out, all you'd be wearing is a ball cap and carrying a toothbrush with no toothpaste! LOL
541 posted on 11/06/2007 6:56:51 AM PST by hedgetrimmer (I'm a billionaire! Thanks WTO and the "free trade" system!--Hu Jintao top 10 worst dictators)
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To: ilgipper
Thank you, Toddsterpatriot , for bringing facts to the debate. Just because the items exported change, does not mean the country is collapsing. In fact, the opposite it true. We are exporting more each year.

We are importing more each year and have a larger trade deficit each year

Like toddler likes to proclaim --

    WE ARE AN IMPORTING SUPERPOWER!!!

542 posted on 11/06/2007 7:02:32 AM PST by dennisw (Islam - "a transnational association of dangerous lunatics")
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To: hedgetrimmer; 1rudeboy; jpsb; Paul Ross; Hydroshock
Rude

I know some hard core protectionist such as my brother in law who is a electrician. However even he buys goods made in China. We were doing an addition to my house and we went to Lowes to get some materials. Did he or I look at every single item and look for the made in China label?

No. We wanted to get a 6 hour job done and not look at labels for 2 hours.

We both try to buy Made in America products as much as possible but we also have a life and realize we cannot spend precious hours of each day comparing labels.

If you have truly only bought 2-3 items made in China since 1989, and you remember what they were, which I really doubt, you need hardcore professional pschyiatric help. There is a serious mental illness involved.

543 posted on 11/06/2007 7:10:14 AM PST by am452 (If you don't stand behind our troops feel free to stand in front of them!!)
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To: hedgetrimmer

I did buy some socks at T.J.Maxx yesterday, so I wouldn’t have to walk in my bare feet this winter. Made in U.S.A. (Gold Toe). I’m heading out to the grocery store in a short while, I’ll let you know where my garlic comes from . . . I don’t drink apple juice from concentrate, I drink apple juice made in U.S.A. with U.S.-grown apples (Indian Summer). I don’t eat catfish, I’ll let you know the next time I buy shrimp (which is rarely). My honey comes from May’s Honey Farms in Harvard, Illinois.


544 posted on 11/06/2007 7:11:36 AM PST by 1rudeboy
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To: dennisw
We are importing more each year and have a larger trade deficit each year

Keep whining. Or explain how the trade deficit has hurt us.

545 posted on 11/06/2007 7:11:55 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: am452
We both try to buy Made in America products as much as possible but we also have a life and realize we cannot spend precious hours of each day comparing labels.
If you have truly only bought 2-3 items made in China since 1989, and you remember what they were, which I really doubt, you need hardcore professional pschyiatric help. There is a serious mental illness involved.

I shop. I compare. I spend the time. The mental illness is called anti-communism, and I am a capitalist tool. Your mental illness, if I may, is called laziness (defined in economic terms as "I don't care to spend the extra time in order to shop I'd rather come to FR and whine that I can't find what I want).

546 posted on 11/06/2007 7:16:05 AM PST by 1rudeboy
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To: 1rudeboy
Your mental illness, if I may, is called laziness (defined in economic terms as "I don't care to spend the extra time in order to shop I'd rather come to FR and whine that I can't find what I want)..

No Rude it's called "having a life". Besides if you are as anti-communist as you say how come you don't scream from the roof tops along with us fellow "protectionist" the huge trade inbalance on threads dealing with China?

Instead all you do is belittle people who complain about it.

You are nothing but a liar and a fraud.

547 posted on 11/06/2007 7:25:55 AM PST by am452 (If you don't stand behind our troops feel free to stand in front of them!!)
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To: Thorin
The dollar is in freefall.

The few who were well positioned are getting rich.

Maybe we need a windfall tax /sarc


BUMP

548 posted on 11/06/2007 7:30:09 AM PST by capitalist229
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To: am452
No Rude it's called "having a life."

Pathetic. The Federal government must force me to pay more for my made-in-USA products that I go out of my way to find because you can't lift a damn finger. What's the word that you dolts are so fond of using? That's right, "traitor."

549 posted on 11/06/2007 7:31:09 AM PST by 1rudeboy
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To: Toddsterpatriot
We are importing more each year and have a larger trade deficit each year

Keep whining. Or explain how the trade deficit has hurt us.

By now it's obvious to all except fools. Idiocy like yours make me buy gold and oil to protect myself
But GW Bush is no better. His administration does nothing about the trade deficit
Fool, you have lots of company

But old man Bush#41 is "free traitor" all the way but protects himself against the idiocy he preaches. He's a major in Barrick gold which is up 2.41% today

550 posted on 11/06/2007 7:58:33 AM PST by dennisw (Islam - "a transnational association of dangerous lunatics")
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To: am452

Check out my post 550 for Bush seniors gold investments


551 posted on 11/06/2007 8:04:06 AM PST by dennisw (Islam - "a transnational association of dangerous lunatics")
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To: dennisw
By now it's obvious to all except fools.

Than even a fool like you could explain it, but you can't or won't. But you're really good at whining.

552 posted on 11/06/2007 8:09:04 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: Toddsterpatriot

*Then*


553 posted on 11/06/2007 8:10:23 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: 1rudeboy
The Federal government must force me to pay more for my made-in-USA products

Higher prices, to make the lazy whiners feel better about themselves!

554 posted on 11/06/2007 8:11:42 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: am452; Toddsterpatriot
Just returned from a short (shopping) jaunt. Purchases:

one water pad (RPS Products) made in U.S.A.
two 9v batteries (Duracell) made in U.S.A.,
one 1.55v battery (Energizer) made in U.S.A.,
one Honeycrisp apple (Univ. of Minnesota--chuckle) made in U.S.A.,
twelve 16oz beers (SABMiller) made in U.S.A.,
one 1.5L bottle red wine (Concha y Toro) made in Chile,
six tomatoes (Oceanside Produce) made in U.S.A., one porterhouse steak (generic*) made in U.S.A., and two sirlion burger patties (generic*) made in U.S.A.

I also got a haircut, and Patrick told me his scissors were made in Germany.

____
*the butcher at Jewel/Osco told me the meat is not imported

555 posted on 11/06/2007 1:02:47 PM PST by 1rudeboy
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To: 1rudeboy

er....ummmmm....globalist!


556 posted on 11/06/2007 1:23:16 PM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: Toddsterpatriot

The kid at BatteriesPlus (I was about to type “snot-nosed”—lol) gave an audible sigh when I made him go into the back room and retrieve the package for the watch battery. I suppose I need to “get a life.”


557 posted on 11/06/2007 1:27:16 PM PST by 1rudeboy
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To: 1rudeboy
Ahhh, the old recycled battery trick.
558 posted on 11/06/2007 1:56:01 PM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: Toddsterpatriot

I forgot to mention that the Honeycrisp apple cost me $1.62 and I saved the seeds for that reason. Let’s see the University of Minnesota come after me for patent infringement . . . maybe the WTO will get involved as a bonus!


559 posted on 11/06/2007 2:24:53 PM PST by 1rudeboy
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To: Toddsterpatriot
I don't suppose you have any proof? PROOF?

Try going to USA Made sites. Already previously listed...and unchallenged by you.

560 posted on 11/06/2007 3:52:06 PM PST by Paul Ross (Ronald Reagan-1987:"We are always willing to be trade partners but never trade patsies.")
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