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Is the dollar beginning it's decline?
Me
| 5/4/2009
| Mike
Posted on 05/04/2009 1:13:38 PM PDT by mikelets456
Is this the VERY beginning of the downward spiral of our currency? I am beginning to notice that the Euro and Pound are going up daily. The Euro was at 1.23 now at 1.35 and the Pound previously 1.36 to 1.50...is this the beginning of inflation? Oil rising as well...this could be the tip of the "turd" ready to erupt. Hey, printing all that $$$ will eventually have consequences, there really is no escape from that. Never in the history of man kind has "throwing money" at a crisis helped...NEVER!
TOPICS: Your Opinion/Questions
KEYWORDS: apostropheabuse; decline; dollar; goldbuggery; inflation; thecomingdepression
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To: mikelets456
All the metals were up today, energy was up, the Euro and the Sterling were both up. So maybe.
21
posted on
05/04/2009 1:47:14 PM PDT
by
NeoCaveman
(control the teleprompter, control the world)
To: JasonC
And I told you that conservatives predicting the end of the world instead would look like foolsIn the short term you're probably right. In the long term, not so much.
22
posted on
05/04/2009 1:51:06 PM PDT
by
BfloGuy
(It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)
To: BfloGuy
the UK Currency is going down as well. Their problem is worst than the US at moment. plus they dont have the advantage of having their currency as the reserve currency.
23
posted on
05/04/2009 1:53:39 PM PDT
by
4rcane
To: MSF BU
...Bob Brinker doesn't think so, for what it's worth.
I pay close attention to whatever Bob Brinker recommends... and then try to do the opposite. I can remember him talking up SPDRs when the S&P 500 was 50% higher than it is now. Thanks, Bob.
To: JasonC
I held tight when it was all going into the crapper.. Just seems like the same careless money lending is happening again.. It won’t end well this time, either.
To: BfloGuy
Capitalism always recovers, and the American economy always grows. The sun also comes up each morning and water remains wet. Pretending that Obama is only bad if these things stop happening on his watch is setting a bar so low that any fool can clear it, and is stupid, stupid, stupid.
Obama may well screw up foreign policy stuff enough to let Iran get nuclear weapons, and five or ten years from now a million or more people may fry in consequence. He can be a disaster of that sort. But capitalism isn't going to roll over and die because he isn't as conservative as the Cato institute, and betting the movement on that happening was and always will be, dumb as rocks.
Don't make the Dem mistake of betting against America... and don't conceed to Dems, victory if American succeeds. America will succeed, small thanks to them, and never let the people forget it.
26
posted on
05/04/2009 1:55:50 PM PDT
by
JasonC
To: divine_moment_of_facts
It doesn't end, there is never any "end". It is a normal economic cycle, it busts and it booms. Expecting neat morality plays from economic or financial cycles is dumb, it is like expecting a rainstorm net week to end civilization. When did conservatives lose their trademark sense of proportion for ideological extremism and doom-mongering?
27
posted on
05/04/2009 1:57:36 PM PDT
by
JasonC
To: JasonC
Over half of this country will passively watch as Obama plays Hugo Chavez II. If nothing is done, it won’t be business cycles as usual.
To: mikelets456
It may have. I’ve bet on the dollar’s demise personally.
Of course, it may go back and forth over the next couple of years, but the trajectory is down. Below 80, I’d get out completely.
29
posted on
05/04/2009 2:14:26 PM PDT
by
OpusatFR
(Those embryos are little humans in progress. Using them for profit is slavery.)
To: mikelets456
Inflation is dead, kid. D E A D.
They’ve been searching for inflation since 1989 in Japan...can’t find it.
Won’t find it here for years, either. Maybe longer.
...but...
You’ll see lots of people continuously promising you that “it’s just around the corner.”
They’re clueless.
Inflation isn’t even close.
30
posted on
05/04/2009 2:18:54 PM PDT
by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: MSF BU
I used to listen to Bob Brinker. Maybe it was me, but it seemed he talked alot but never said anything.
31
posted on
05/04/2009 2:26:45 PM PDT
by
rbg81
(DRAIN THE SWAMP!!)
To: JasonC
Don't make the Dem mistake of betting against America... and don't conceed to Dems, victory if American succeeds. America will succeed, small thanks to them, and never let the people forget it. That's a good thought. The Dems didn't credit Reagan/Bush Sr. for the Cold War ending on their watch or feel any compulsion to reelect Bush Sr. as a result, and we don't have to credit the Dems should America pull herself out of this recession.
32
posted on
05/04/2009 2:28:24 PM PDT
by
TwelveOfTwenty
(Hey Nancy, how many jobs have been lost since you and the Democrats took Congress?)
To: irishjuggler
We were rather PO’d that he recommended Ginnie Maes as dead solid, and then they died.
33
posted on
05/04/2009 2:44:08 PM PDT
by
tbw2
(Freeper sci-fi - "Humanity's Edge" - on amazon.com)
To: JasonC
It is a normal economic cycle, it busts and it booms
You have to be kidding me. This has not been a Normal bust and boom.. for crying out loud!
To: JasonC
“...It doesn’t end, there is never any “end”. It is a normal economic cycle, it busts and it booms....”
I guess printing trillions of $$$, allocating billions to “pork projects”, lying and ready to spend another 3.7 trillion will have no consequences? You call this a NORMAL business cycle?
This will change the course of American history...come on!
To: rbg81
Well, I get more of an economics lesson than anything else, although his guests are often interesting.
36
posted on
05/05/2009 8:59:00 AM PDT
by
MSF BU
(++)
To: divine_moment_of_facts
Sure it has. You are just spoiled by the last 2 recessions being unusually mild, and continuing the long financial uptrend since 1982. This sort of thing is utterly normal in the history of capitalism. In 1973-4 we had it, it was worse at the end of the 70s, about the same in 71, much worse in the 30s, worse in 1922, worse in 1907, worse in the 1890s, etc. Read Kindleberger sometime and then we'll talk.
37
posted on
05/05/2009 12:45:20 PM PDT
by
JasonC
To: mikelets456
The course of American history hasn't been changed by anything short of world war, for centuries. Even those have provided only inflection points. No, the election of Obama is not the end of the world, nor of capitalism. A bear market is not poverty. Unemployment hitting for a year the levels western Europe has lived with for a generation is not catastrophe. This too shall pass.
Once upon a time, conservatives has a better sense of proportion and hard nosed realism than flighty hysterical liberals and their doom mongering panics. Apparently something got into the water and you have all lost your marbles...
38
posted on
05/05/2009 12:49:19 PM PDT
by
JasonC
To: Southack; mikelets456
"Inflation isnt even close."Now that our beneficient government has re-defined inflation, they can also take a moment and re-define re-distribution, taxes, government spending, growth of government, loss of freedom, and all the rest.
That way, we are living fat and happy because daddy o-bomber will take care of us.
Since when does printing more money NOT mean inflation?
That is the definition that most of the intelligensia use, so why not you, too?
39
posted on
05/07/2009 9:37:29 AM PDT
by
Designer
(We are SO scrood!)
To: JasonC
Printing 4 trillion dollars + of currency (even if it’s electronic) is not a normal business cycle.
40
posted on
05/07/2009 9:40:53 AM PDT
by
Centurion2000
(We either Free America ourselves, or it is midnight for humanity for a thousand years.)
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