Posted on 03/18/2008 12:04:44 PM PDT by Sarah
I am turning to the educated community of FREE REPUBLIC for an education in the falling dollar. Please list here some forums, blogs, somewhere to get an education to make some sense out of the dollar's devaluation. Nothing I've read so far explains how this is anything but a catastrophy.
The dollar has been falling forever and will always fall.
and rise.
My take is that it’s in large part due to a combination of falling interest rates and the threat of inflation.
I predict over the next year the value of the dollar will fluctuate.
I was hoping for a little more depth of analysis
Disaster? It’s the only way I expect we can pay off the national debt, and why I think I’ll get back every penny I’ve ever put into Social Security!
I didn’t know the dollar was devalued?
I don't know, but I believe Laz would summarize it thusly:
It is a catastrophe for the most part. The brighter side is that it makes american exports more attractive and it incites foreign currency holders to buy American real estate. Commodities holders also will do well.
go to http://www.morningstar.com ,check out the forums and look for investment basics or any other topic you feel you need to bone up on and fire away....be carefull they can load you up with TMI and confuse.
My take on it is that we are devaluing the dollar so that we can pay off the massive debt with less actual money.
2. It is a good thing because it makes our exports more competitive in the global markets. For instance, American companies can sell things for fewer Euros and even make more money than ever. Companies who rely heavily on exports are doing very well.
3. It is bad for consumers because things we import costs more. So, it is really a matter of perspective. There are good things and bad things about a weak dollar.
The US dollar is plunging in world currency markets - and bringing down share prices in its wake.
Why the dollar is falling so fast!
http://news.bbc.co.uk/2/hi/business/4772049.stm
If you want to hear an apolitical, non-hyperbolic take on the value of the dollar and the larger implications on your pocketbook, check out Bob Brinker’s Moneytalk radio program on the weekends. Not the most entertaining radio, but he’s one gifted financial analyst and has earned my respect over the years with his levelheaded, fact oriented opinions.
You would make an excellent climate change expert.
The present economic situation is a continuation of the Great Depression. The country never emerged from the Great Depression and since 1970 when Peak Oil was passed inside the USA can never emerge. Do not lay up treasures on earth, somebody said a while ago— can’t, nothing permanent anyway.
Courtesy comment:
Sarah I asked this same question last year and got flamed by those who thought the falling dollars was great news.
I fear this is just the beginning of something that before it is over will make many have fear for our government.
I can not tell you how I fear that we have passed the point of coming back quickly.
Many in America have a great stake in devaluing the dollar to nothing at the expense of their fellow countrymen.
This is scary and could get completely out of control before it gets better.
I hear the caution in those in Washington and in our financial minds.
Less hope I am totally wrong but this is my lowly opinion.
snicker....
You've been here since forever. You know you ain't gonna get that much from this crowd!
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