Posted on 11/24/2007 9:46:30 PM PST by bruinbirdman
currencies hurt my head
We are in trouble.....If the dollar collapses, Bush gets his Amero.
If??
I don’t think the “Amero” is coming out any time soon. But thanks to our Republican “leadership”, the dollar is as worthless as it’s bees since at least the Carter days.
If by leadership, you mean George Weakdollar Bush, I agree.
Nearly all of the big wheeler-dealers of the world are afraid of any very fast dollar currency change. The transition to currency equalization will be gradual, IMO, and it’s not all about the euro.
I can see it now: international speculators and rap stars start putting their money into Euros, but then the dollar regains and then the Euro tanks. Ha ha ha!
yitbos
The dollar is “cheap” which means our goods are cheaper abroad and our exports increase. Economics always is a double-edged sword, some get hurt and some benefit. Europe is hurting because its exports are losing out. A “strong” dollar is one that hurts US exports. More correctly, an “expensive” dollar hurts exports (but makes imports cheaper). Like much financial news, the death of the dollar is greatly exaggerated.
And George Soros will find a way to make money in both directions.
I mean Dubya, but also what was until a year or so ago a Republican Congress that passed all those spending bills that our fearless leader was more than happy to sign. Everybody screams about the Fed’s loose money policy, and they’re right, but they ignore the fact that if it weren’t for the government spending so much that it would make a drunken sailor blush, the Fed wouldn’t have to print money to keep up.
A weak or strong currency is a double-edged sword. Desirable economic characteristics are investment, innovation and growth. Currency games are no substitute for sound economic policy.
Wasn’t the Euro released at around 1.30?
It only went to 90, because it PLUNGED against the dollar initially.
Now it’s back up.
Later, it will go back down. Then up. Then down.
Rumor is the Russians are getting ready to strike two zeros off their currency and issue new banknotes sometime in 2Q 2008. It will be a re-denomination instead of a re-valuing. Much like they did once before in the 90s. Instead of $1=R25 it will be $4=R1.
People just can’t envision that that may be the real reason for the current currency flap....
I’ve watched forums all over the web and so few know what is really going on that its frightening....especially in the EU.
Here in America, about one percent buy the Amero possibility...and see where things are headed.
I’ve watched forums all over the web and so few know what is really going on that its frightening....especially in the EU.
Bet in 5 to 6 years the Euro won’t be around.
Bet in 5 to 6 years the Euro won’t be around.
My sentiments exactly. In the mean time, Euroweenies come here in droves to do their Christmas shopping, while European retailers are left to eat our dust (again). This shopping season will be the beginning of the downturn of the Euro. In the end, Socialism looses every time it's tried.....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.