US Dollar Woes (memories of a great USD/AUD life)

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  • D Ghost
    null
    • May 2006
    • 9820
    #16
    Originally posted by who
    It'll get much much worse before it gets better.
    agreed

      Comment

      • Anthony
        Keyboard Warrior
        • Feb 2001
        • 9653
        #17
        Originally posted by who
        Yes, this is true, but the rest of the world will be much more able to recover than the US itself, unless all this military wealth is spent taking over china or something
        There's the catch 22. We are over in Iraq right now to establish a beachead to keep the buying and selling of Oil in US Dollars. Once the US Dollar is no longer the currency of choice for OPEC, we are fucked. Beyond fucked.

          Comment

          • IllTestYourGirls
            Ah My Balls
            • Feb 2007
            • 14311
            #18
            Some say that is one of the main reasons we went into Iraq to begin with because Saddam was going to drop the dollar.

            Originally posted by Anthony
            There's the catch 22. We are over in Iraq right now to establish a beachead to keep the buying and selling of Oil in US Dollars. Once the US Dollar is no longer the currency of choice for OPEC, we are fucked. Beyond fucked.

              Comment

              • Socks
                Confirmed User
                • May 2002
                • 8475
                #19
                Originally posted by IllTestYourGirls
                two major factors have hidden the dollar woes from the avg US citizen. Illegal immigration and chinese/cheap imports. I feel bad for the rest of the world
                You forgot Britney Spears and American Idol!

                  Comment

                  • TheMaster
                    Confirmed User
                    • Nov 2003
                    • 2734
                    #20
                    you remember how Bush promised he was going to protect the American people from high oil prices, which would happen under a Gore Presidency?

                    my god, how much beter the world would have been if Florida could hold fair elections, now we got half a million dead Iraqis and the US dollar in the crapper

                      Comment

                      • mryellow
                        Confirmed User
                        • May 2001
                        • 934
                        #21
                        http://en.wikipedia.org/wiki/Great_Depression

                        http://images.businessweek.com/ss/07...depression.jpg

                        http://cache.eb.com/eb/image?id=95714&rendTypeId=4

                        A depression is just like being unemployed, except that instead of having
                        potatos u have nothing, and neither does anyone else.

                        -Ben
                        Cyberwurx Hosting
                        After trying 5 different hosts, I found the best.
                        Since 1997 I've had 2 hours of downtime.
                        Fast support, great techs, no hype, no gimmicks.

                        <- I in no way endorse whatever just got stuck on the left of my post.

                          Comment

                          • Michaelious
                            Confirmed User
                            • Jan 2004
                            • 6720
                            #22
                            I still think it'll end up boucing back as soon as Bush leaves office

                              Comment

                              • TheMaster
                                Confirmed User
                                • Nov 2003
                                • 2734
                                #23
                                Originally posted by Michaelious
                                I still think it'll end up boucing back as soon as Bush leaves office
                                not unless they reverse Bush's disastrous policies and even then, there doesn't seem to be a new inovative industry like in the 90s that the US can use

                                step 1: stop funding war profiteers

                                  Comment

                                  • mryellow
                                    Confirmed User
                                    • May 2001
                                    • 934
                                    #24
                                    Originally posted by SuzzyQ
                                    Might as well get use to it. Its not going to get better. Big Oil wants $5.00 a gallon and they will get it sooner than we think.
                                    It should be $50 a gallon.

                                    Oil is so undervalued.

                                    It's so cheap we burn it! .... When it could be used to cure cancer, build
                                    faster computers, take us into space, anything, if you know anything about
                                    chemistry you'll know how handy it is to have a massive long chain of
                                    hydrocarbon that has been put together in the past instead of taking
                                    massive energy to put together today.

                                    I'd like to see oil at much higher prices, sure it'll hurt, sure many will die, but
                                    at least we'll still have some in years to come.

                                    In the past Japan has bought MASSES of Australian coal, crushed it, and
                                    dumped it on the harbour floor to make chips and shit outta in another 20-50
                                    years.

                                    -Ben
                                    Cyberwurx Hosting
                                    After trying 5 different hosts, I found the best.
                                    Since 1997 I've had 2 hours of downtime.
                                    Fast support, great techs, no hype, no gimmicks.

                                    <- I in no way endorse whatever just got stuck on the left of my post.

                                      Comment

                                      • ADL Colin
                                        Too lazy to set a custom title
                                        • Feb 2001
                                        • 11929
                                        #25
                                        Originally posted by TheMaster
                                        it's those same structures that enable Europe to only need 2&#37; growth a year instead of the US's 5% to be healthy
                                        Strange statement. How do you conclude that? Both Eastern and Western Europe or do you mean the EU? And do you mean nominal or real? And what do you mean by "healthy"?
                                        Last edited by ADL Colin; 03-17-2008, 04:15 PM.


                                        Adult Date Link - $50 PPS starting NOW! -- good and JUICY!

                                        skype = "adultdatelink"

                                          Comment

                                          • ADL Colin
                                            Too lazy to set a custom title
                                            • Feb 2001
                                            • 11929
                                            #26
                                            Originally posted by mryellow
                                            It should be $50 a gallon.

                                            Oil is so undervalued.

                                            It's so cheap we burn it! .... When it could be used to cure cancer, build
                                            faster computers, take us into space, anything, if you know anything about
                                            chemistry you'll know how handy it is to have a massive long chain of
                                            hydrocarbon that has been put together in the past instead of taking
                                            massive energy to put together today.

                                            I'd like to see oil at much higher prices, sure it'll hurt, sure many will die, but
                                            at least we'll still have some in years to come.

                                            In the past Japan has bought MASSES of Australian coal, crushed it, and
                                            dumped it on the harbour floor to make chips and shit outta in another 20-50
                                            years.

                                            -Ben
                                            Oil is an AWESOME product. I love it. Use it every day.


                                            Adult Date Link - $50 PPS starting NOW! -- good and JUICY!

                                            skype = "adultdatelink"

                                              Comment

                                              • V_RocKs
                                                Damn Right I Kiss Ass!
                                                • Nov 2003
                                                • 32447
                                                #27
                                                Originally posted by mryellow
                                                http://en.wikipedia.org/wiki/Great_Depression

                                                http://images.businessweek.com/ss/07...depression.jpg

                                                http://cache.eb.com/eb/image?id=95714&rendTypeId=4

                                                A depression is just like being unemployed, except that instead of having
                                                potatos u have nothing, and neither does anyone else.

                                                -Ben
                                                Those pesky potatoes...

                                                  Comment

                                                  • IllTestYourGirls
                                                    Ah My Balls
                                                    • Feb 2007
                                                    • 14311
                                                    #28
                                                    step to get rid of the fed

                                                    Originally posted by TheMaster
                                                    not unless they reverse Bush's disastrous policies and even then, there doesn't seem to be a new inovative industry like in the 90s that the US can use

                                                    step 1: stop funding war profiteers

                                                      Comment

                                                      • pornguy
                                                        Too lazy to set a custom title
                                                        • Mar 2003
                                                        • 62912
                                                        #29
                                                        Originally posted by Bossman
                                                        True, however after the dust settle - the US will still have debt, while the rest of the world "just" need to find new outlets for their products, which will probably be done via increasing home/regional markets.

                                                        The US needs to do a correction to the rest of the world, rise taxes or lower goverment costs, so the debt increasing will stop. The longer the wait - the harder it will be when the bottom falls out of the USD.

                                                        And yes, I love the US, and we fucking need you guys to stay afloat both political and economical, so we europeans are not left with the socialists and religious nuts in the world.
                                                        One of the best things that can happen is to fucking get rid of Bush. Am I blaming part of the money issues on him?? HELL fucking yes. One of the first things that the US can do to start making its country strong again is to get rid of the tax break for outsourcing. bring those jobs home.

                                                        Thousands of jobs were lost to that, and it hurt. then to give the companies a tax break is fucking unreal
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                                                          Comment

                                                          • ADL Colin
                                                            Too lazy to set a custom title
                                                            • Feb 2001
                                                            • 11929
                                                            #30
                                                            Originally posted by TheMaster
                                                            it's those same structures that enable Europe to only need 2% growth a year instead of the US's 5% to be healthy
                                                            So if European GDP grows at 2% per year for 50 years its GDP will increase 2.7 times. If US GDP grows at 5% per year for 50 years its GDP will increase 11.5 times. Assuming the EU and US to start at the same GDP (for ease of calculation) after 50 years US GDP will be 4.2 times higher than the EUs and growing. That would be absolute economic dominance by the US. Difficult to see your point or which institutions could possibly be worth falling so far behind.


                                                            Adult Date Link - $50 PPS starting NOW! -- good and JUICY!

                                                            skype = "adultdatelink"

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