When dollar falls, European exporters count their bruises

LA Times ^ | 17 November 2007 | Geraldine Baum

[dollarbull]

What do my hard asset stocks have to do with the return of 100% reserve banking?

right...let me guess you bought gold/oil/coal/copper/uranium/ wheat/corn about 3 years ago? And you sold all your financials June 07? Sold your house Dec 06?

[Toddsterpatriot]

right...let me guess you bought gold/oil/coal/copper/uranium/ wheat/corn about 3 years ago?

No.

And you sold all your financials June 07?

No.

Sold your house Dec 06?

No.

[dollarbull]

What is your alternative to fractional reserve banking? Please spell it out.

I love the smell of financial meltdown in the morning:

FRE down 30% FNM down 20% WB down 9% WM down 6%

The alternative is hard assets with no fractional reserve, aka money printed out of thin air.

[jpsb]

"Completely contrary to popular belief, it is in our best interest when the dollar is weaker."

How do you like your weak dollar now? $5 gas sounds good to you huh?

[Toddsterpatriot]

The alternative is hard assets with no fractional reserve

You should do that then.

aka money printed out of thin air.

When a bank loans out a fraction of customer deposits, that fraction is less than 1 so they are not printing money out of thin air.

Try to get some info from someplace other than goldbug sites. You might learn something.

[dollarbull]

When a bank loans out a fraction of customer deposits, that fraction is less than 1 so they are not printing money out of thin air.

The entire banking system creates money out of thin air - not one individual bank. We've discussed this before. It's a failed system that never works long term. Collapse and gov't bailout wipes the slate clean and a new generation of suckers buys into it.

You saying the system (fractional reserve lending) works, while at the same time watching the financials either go bankrupt or lose 90% of their value is like bagdad bob saying Iraq is winning the war...it's hilarious but in a way sad - you'll only wake up when it's too late

[Toddsterpatriot]

You saying the system (fractional reserve lending) works,

You saying the system (100% reserve banking) works, when no one uses it is hilarious but in a way sad. Ditto for the gold standard.

Wake me up when either of your systems returns.

[Red6]

Weak dollar

http://www.forbes.com/2007/11/23/airbus-eads-dollar-markets-equity-cx_ll_1121markets05.html (Ask Airbus and Boeing)

Weak dollar

http://www.autonews24h.com/Auto-Industry/DaimlerChrysler/Chrysler/1812.html (Ask Chrysler in Europe)

You're just smart enough to cherry pick that information in the news which support your “belief.” Let's forget concepts like supply being outstripped by demand...... Sure, whatever makes you feel good and fits into your system of “beliefs.”

I know nothing about a weak dollar as a PM at a major IT firm; after all it just makes us more COMPETETIVE on a world market and we’re competing for customers. You live in Texas? Then ask EDS, Perot Systems, Dell, what a high valued dollar does to their competitiveness on the world stage. Next we'll hear you complain about off shoring, right? Do you like US industrial and high tech jobs leaving, US products being to expensive abroad and foreign products being dirt cheap on US shelves? Sure, I guess. While a dollar that goes too low is bad, a high valued dollar is also not good for us. Example 1980s when the dollar hit DM3.50+:1 and was valued high elsewhere too (Lira, Yen, Pound, French and Swiss Franc, Drachma…etc). That was horrible! You had US firms that no longer could compete, not because they were less efficient, less innovative, lower quality, etc., but because we could not match an equal grade product in cost and were essentially as an economy getting clobbered buy our own high valued currency. More and bigger isn't always better, but you might have to think a bit deeper to get to that conclusion.

BTW, I love how “your type” always resorts to BS. How about $3.81 gas ( http://www.dallasgasprices.com/ ). You know, if you round $5 to the nearest 10 you could claim $10 gas! OMG, the sky is falling. It's a quagmire, miserable failure, we're bogged down, stuck, and can't drill our way out of the problem!!!!!! I got it.

[dollarbull]

Cheap. Better than a 7.0% yield.

Hahah...what a schmuck. I'll bet you like it twice as much now that the price is 1/2 off and the yield is the same? How's ING doing BTW?

You federal reserve worshiping fools will never learn. Gold is holding it's value nicely against everything in this brief deflationary cycle. Once the hyper-inflationary next phase kicks in, gold is really going take off.

"Why are goldbugs so bad at math" LOL...hahahahah. That was a good one Toadler. Wall street idiots - learn your history.

[dollarbull]

So I was off a few months. It hit 2.53 intra-day low back in march.

Damn I’m tired of being right. Hope you sold out of these crappy bank stocks on this fake rally