Quote:
Originally Posted by SinisterStudios
The US dollar is not going anywhere, the US is still the largest economy in the world and americans spend freely (too freely and thats what got us into all this shit) The low dollar actually helps US exports alot and will help to drop our huge deficit. We havent seen the bottom yet, but when we do it should be a good investment. Once Bush is out of office there should be rebound.
Its a normal cycle with currency, its happened before and it will continue to happen. Does anyone remember when the Japense Yen was out of control back in the early 90's, the dollar was in the dumps then too and it rebounded.
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HAHAH
RAINBOW PONIES
Most stupid post in gfy history, right there.
The Asian crash in the 90s is entirely different. This is the calculated suicide of the dollar.
If you don't know what the impact of this move can produce, strap in. Australia's dollar was boosted from the .54 > .74 over the last 3 years SOLEY on mining companies investing in AUD to offset costs of inflation later.
If china really drops this, it'll be intense.