Dollar falls broadly after Obama heads for re-election

reuters.com ^ | November 7, 201

[Tublecane]

“essentially a policy to cheapen the dollar”

Yes, known more simply as inflation. It’s just like counterfeiting, only the guys who do it own the hails so they won’t go to them.

[Tilted Irish Kilt]

Paladin2~ :” I’d suggest being REAL nice to your dog’s vet.”

You got that right !!
I’ll be I can get better health care from my vet - for both me and my dog , than I can from Medicaid and Obamacare !

[Tublecane]

“essentially a policy to cheapen the dollar”

Yes, known more simply as inflation. It’s just like counterfeiting, only the guys who do it own the jails, so they won’t go to them.

[LibLieSlayer]

The European banks will collapse and then ours... we own them through all of the loans obama made to them at zero percent interest. We will finally see a world wide depression.

LLS

[Tilted Irish Kilt]

and ... my dog doesn’t drink !

I , on the other hand have been known to tip a few of the ‘ Harp ‘ !! ( well maybe more than a few !)

[tdscpa]

Silver up 2.69% today. Gold up 1.89%.

[GeronL]

Yup. It’s all over but the crying.

[Ruy Dias de Bivar]

I’d rather aim for the belly so they could meditate on their stupidity before expiring.

[cherry]

I’d rather like the cities to explode...I don’t care anymore...really don’t...hope the whites wise up and get the hell away, but since most of them are obammists, so be it...

[oyez]

This nation will fail because we let the unproductive survive. That sounds cruel statement, but the unproductive keep multiplying faster every generation. As long as we have a political collective that cultivates the unproductive class, well,, simply we are going to be screwed.

As long as these matters are handled in a political arena we will perish in this political arena. Its a difficult issue to address and I fear we no longer have the courage nor the ability to address.

[cherry]

one thing I don't get is...every govt crook has is nemisis...every mafia or drug lord has its enemies...ying and yang...

where is the nemesis for this administration?...

surely, all the businesses that have gotten screwed and thus all the rich people that have gotten screwed...won't take much more?

[ConservativeMan55]

Steve Wynn, Donald Trump and many more.. they will multiply now..

[GeronL]

they will move operations overseas if they can. (GM, Chrysler), cut workhours down to part time only (grocery, fast food) and many will probably go out of business

[jjsheridan5]

The European banks will collapse and then ours... we own them through all of the loans obama made to them at zero percent interest. We will finally see a world wide depression.

Bingo. We have just elected the captain of the Titanic. Some think we will have a gradual decline, as the can gets kicked forever. I don't know. I think that the underlying economic structure, globally, is so manipulated and vulnerable that it won't take much to start a cascade.

Sadly, after tonight's national suicide, that is the most interesting question left. From now on, elections will be more difficult, not easier. The changing demographics, and the Europization of our youth, ensure that. We cannot rescue America through the ballot box anymore.

I know some people think that Obama will be blamed for the economic carnage that will ensue. But I have no doubt that somehow, they will successfully blame white males, especially Christians. And an indoctrinated youth, combined with an ever-expanding minority population, will happily agree.

[max americana]

LOL, never thought of that.

[iacovatx]

“On the bright side, this will make our products cheaper for other countries to buy increasing our exports and make it more expensive to buy overseas goods.”

Hi—Your point is a good one but must be hedged a bit.
This is the traditional argument, that is, devalue the dollar and the cheaper price increases exports. But, if you are largely a service economy you aren’t exporting as many goods as manufacturing economies. If your raw materials are imported, your costs rise and any advantage is reduced. If there is foreign competition for your products and despite the dollar devaluation, the competition still has a labor cost advantage (think China), then you can’t win that game until your labor costs go much lower than is possible.
The devaluation argument doesn’t have the power it had before globalization.

[AlexW]

It will be a minimum of one week before I watch FOX, my only US news channel.
I can not believe the stupidity of the American public today.
I think I left just in time.