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The us dollar is worth about what toilet paper is now -
watching now... can a currency crash?M&A QueenComment
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We are all fucked...
I'm just a newbie.Comment
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If you're american, it's high time you teach your kids to build toys...
Chinese and Indian kids will need some soon :-)Victoria Holyns : promote her siteHERE !Comment
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Nice little clip.ICQ: 91139591Comment
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Great video but I'm skeptical of what that bear investor is talking about re if US goes down, everyone goes up. He seems to be ignoring two things--global economics is not a ZERO SUM game (there IS such a thing as a growing pie instead of people competing over fixed pie slices) and much of China's future growth will be from DOMESTIC consumption not exporting.Comment
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ouch....Comment
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what I fail to understand is why is it so difficult to accept the reality
this bloody thing has been falling for past 7-10 years now
all other currencies are rising
why do ppl keep on asking if it will crash
why not
when
tell me when do you think when?Comment
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The sky is falling! The sky is falling!
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It's pretty well crashed as it is lol. I remember when the euro was introduced, it got depreciated to shit, you could barely buy two dollars for three euros at some point. Ten years later, you're lucky if you find two euros willing to change for three dollars.
And I'd say the standards of living on either side of the Atlantic pretty well reflect that. It's not as striking as it could be, because the US population has softened somewhat the blow by using consumer debt, and the EU population includes a good 25M ex-east germans, + 50M poles, 25M romanians etc etc that shot up maybe 3-500% in those ten years, thus somewhat dampening the overall effect.
But if you travel over the Atlantic a lot and have for a while, it's quite visible how the europeans are ahead by about as much as the americans used to be.Comment
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I still want to learn how to export the poisons. I think there could be some serious bucks in this along with some incidental paybackComment
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if only there was someone running for president that understood this shit and was fighting against it for decades...
oh wait...
ron paul 2008Comment
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RON PAUL IS OUR ONLY CHANCE
http://www.youtube.com/watch?v=yAwvlDJgJbM
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Enough said I guess. Here's another one for you
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The guy just talks gibberish, inflation, bluh bluh, inflation... (kinda like most idiots here on gfy, except on gfy the catch phrase is "exchange rate")
to a lay-man it seems to make sense, but for fucks sake, the guy is a politician with a degree in medicine, what the fuck does he know about economics? He is trying to argue with the top economist in the US, who has been working in the field his whole life...Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
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Well the ULTIMATE IDIOT about the definition of ignorance just backed off proving his worthlessness I guess after spitting out his half a cent worth! three more for ya!
Last edited by smutnut; 11-22-2007, 05:05 PM.Comment
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That your little joke Boss?
No reflection on Paul, but it's going to take a lot more than just a new President to begin to get a grip on the economy - before even looking at the debt problem.
The problem facing any politician is delivering reality to an electorate and that's just not going to happen until a country is on the verge of recession. Far less chance of passing whatever laws are needed to enforce fiscal control.
No govt ever creates wealth - the most they can do is lay vague guidelines to aid wealth creation. Actual wealth comes from within - and little thanks to any govt for this.Comment
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see, that's exactly what I'm talking about, "exchange rate" is getting brought up again... what does exchange rate have to do with anything? Price of tea in china may have gone up in the past 20 years too, but so what? It's easy to pick a few economic factors out of 100s put a tinfoil hat on, and start bitching that the sky is falling... I'm not an expert in economics, but last time I checked, the US economy in the past 20 years have been doing quite well... but yea, I agree there is some turbulence lately, situation in the world is a little uncertain, but US is no where close to being a sinking ship...Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
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I hope its not true.Comment
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very interesting video, thx for sharingComment
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um, no. i just went out
you actually had to edit that post ?
why don't you explain to us how fractional reserve banking is sustainable then smart guy ?Comment
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Time for the US to change its currency to Euro ...$9.95/month for 15000 GB bandwidth monthly, unlimited (sub)domains and MySQL5, PHP4/5, 500 GB disk storage!
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guess soComment
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I read The Economist every week. In the back of each issue they publish the price changes for commodities. Everything is up by double digits this year. Food alone is something like 25%.
We had a perfect storm, the United States spending a ton of money it doesn't have, while the rest of the world's wealth shoots upwards (partially driven by the United State's consumption, but not entirely, we only take in around 14% of the world's imports.)
In the 20th century the United States had a virtual monopoly on capital investment. Now that buying power has spread out across the rest of the world.
The middle and lower class in the United States are in for a very rough time. Not only does your buying power compete on a global market, so do your skills for your own personal income.
In one sentence: you are going to be paying more and receiving less, working harder and living smaller.
I'd suggest staying out of debt and holding well diversified income producing assets. And making as much fucking money as you can.Comment
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Its pretty bad![email protected]
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I'll add my input, the Federal Reserve earns hundreds, trillions of dollars a year by financing international trade. If you want to buy oil in the Middle East or anywhere else in the world, you will have to buy USD from the US Central Bank.
The problem is, nobody knows who exactly owns the Federal Reserve, as it's a private corporation, it's said that Europeans are behind it.
And the other problem is, Chinese, Middle Easterners and others would like to end USD monopoly in international trade (not to switch to EUR but to a basket of currencies like the Pound, Yuan, Yen, Euro, Rouble etc), in this case we would be heading for a major USD devaluation AND depression, as the US could not afford 70% consumer spending anymore. USA GDP is 70% consumer spending.
Last edited by xmas13; 11-22-2007, 11:17 PM.ICQ 557504926Comment
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The US dollar is going down because there are fears that oil producing countries in the Middle East are going to end USD currency monopoly in the international oil trade, and other countries break their pegs to the USD, like China, the largest exporter in the world.ICQ 557504926Comment
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The US Dollar is by far America's largest export product, but it doesn't show up in foreign trade balance.
The Federal Reserve is America's most successful private organization but it doesn't appear in Forbes rankings.Last edited by xmas13; 11-22-2007, 11:31 PM.ICQ 557504926Comment
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I think those conspiracy vids are all biased and one sided, and all bankers are dishonest.ICQ 557504926Comment
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The bankers interviewed are all liars like their counterparts telling the exact opposite. They are not in the 'know' at the banks where they work, only the very top of the management knows whats going on and they would never speak out against their own business.Last edited by xmas13; 11-22-2007, 11:39 PM.ICQ 557504926Comment
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A huge commercial or investment bank is like a secret intelligence agency, don't expect the management in the 'know' to ever speak out. They are similar to state or industrial secrets and can't be revealed to the public.Last edited by xmas13; 11-22-2007, 11:45 PM.ICQ 557504926Comment
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The US Dollar fell 46% between 1985 and 1995 and the result
was a 15 trillion dollar expansion in American wealth !
So far since 2003 US Wealth has gone up 11 Trillion Dollars !
US factories have been opening up all over the US the last two
years and this is bad for us how ?
You idiots that think a low dollar is bad for the US are stupid fucks !
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Public debt is reasonable, consumer debt is extremely high, but it's offset by the USD currency status in the world. Debt is money, debt is most of the world's money, the more debt the richer you are.
If you visited any emerging country before the credit boom, and after, you will know what i'm talking about.ICQ 557504926Comment
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