China threatens with financial atomb bomb - GoFuckYourself.com - Adult Webmaster Forum

X

RayBonga

too cool for highschool

Join Date: Nov 2005

Posts: 12164
Share

Post
#1

China threatens with financial atomb bomb

08-09-2007, 04:10 PM

China is asking the USof A 'who is your daddy?'
and is threatening mr Bush with dumping 900 milliard dollars on the market.
It seems this is an effective way to make mr Bush bend over and spread em wide.

Two Chinese officials at leading Communist Party bodies have given interviews in recent days warning, for the first time, that Beijing may use its $1,330bn (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress. Shifts in Chinese policy are often announced through key think tanks and academies.

Described as China's "nuclear option" in the state media, such action could trigger a dollar crash at a time when the US currency is breaking down through historic support levels.

http://www.telegraph.co.uk/money/mai...cnchina108.xml

If China does do this then it will be mega shopping time!
Tags: None
gornyhuy

Chafed.

Join Date: May 2002

Posts: 18041
Share

Post
#2

08-09-2007, 05:12 PM

Holy crap! That sucks big time.

I guess its about time the US got a taste of our own medicine. We've been using money as a weapon for 75 years or more.

icq:159548293
Comment
AlienQ - BANNED FOR LIFE

best designer on GFY

Join Date: Mar 2003

Posts: 30307
Share

Post
#3

08-09-2007, 05:20 PM

All it will do is bring Labor back to the US.

Cuz what was sold to America as Free trade is not free trade whats so ever.
America can blame its own politician's for handing over everything American companies want. Cheap labor. Once the problem is shored up and off shore market's are brought back home it will be business as usual for Americans.

I look forward to seeing "Made In The USA" once again.

NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo!
| The Alien Blog Adult News Worth Reading Updated Daily
| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 |ICQ: 78943384 |
Comment
Snake Doctor

I'm Lenny2 Bitch

Join Date: Mar 2001

Posts: 13449
Share

Post
#4

08-09-2007, 05:23 PM

A dollar crash fucks them way more than us.

They're the ones with 1trillion in US treasury notes. Do you really think they want to make 1trillion of their reserves worthless?
And hurt the economy of their biggest customer?

sig too big
Comment
GreyWolf

So Fucking Banned

Join Date: Jun 2007

Posts: 2036
Share

Post
#5

08-09-2007, 05:29 PM

Originally posted by Lenny2

A dollar crash fucks them way more than us.

Any dollar crash will screw the issuers of the dollar first and above all others - and with max impact - and massive implications.
Comment
Spunky

I need a beer

Join Date: Jun 2002

Posts: 133978
Share

Post
#6

08-09-2007, 05:56 PM

Kill Charley

YOUR INFORMATION HERE
Comment
Blue Player

So Fucking Banned

Join Date: Jun 2007

Posts: 679
Share

Post
#7

08-09-2007, 06:00 PM

I give the US dollar two years max. The moment OPEC change to Euros good bye American economy, welcome to the 3rd world.

Seriously Bono will be doing concerts for the dollar soon.
Comment
pocketkangaroo

Confirmed User

Join Date: Jan 2005

Posts: 8452
Share

Post
#8

08-09-2007, 06:08 PM

Originally posted by Blue Player

I give the US dollar two years max. The moment OPEC change to Euros good bye American economy, welcome to the 3rd world.

Seriously Bono will be doing concerts for the dollar soon.

Are you being serious?
Comment
snowpimp

Confirmed User

Join Date: Feb 2002

Posts: 1099
Share

Post
#9

08-09-2007, 06:15 PM

Interesting threat, I doubt they'd follow up on it cuz that would hurt them as well and they don't want that. The US has support systems that will allow it to survive and thrive after any downfall, China however is still a bit fresh as one of the top economic powers and things aren't so hot over there right now. It would be very risky of a move for them, I call bluff.

HIGH QUALITY ADULT AND NON-ADULT DESIGN/MARKETING WORK SINCE 1997!!

Yan - ICQ # 4790444 - Phone: 530-544-7058

SIGNS, GRAPHICS & PRINTING ~ NETWORKING AND IT SERVICES
Comment
InigoMontoya

Registered User

Join Date: Aug 2007

Posts: 10
Share

Post
#10

08-09-2007, 06:17 PM

Wow, I don't think most of you really understand the full impact of something like that. It would CRUSH the US dollar into damn near worthless.

Remember what happened to Argentina?

Remember the Asian crash back in the early 90's?

Don't think someone can't pull the rug out from under the USA, and China has the power to do just that. The US dollar is going down anyway and is expected to be 20% less in 2 more years.

Start billing in Euros people.
Comment
InigoMontoya

Registered User

Join Date: Aug 2007

Posts: 10
Share

Post
#11

08-09-2007, 06:18 PM

Originally posted by snowpimp

The US has support systems that will allow it to survive and thrive after any downfall,

The USA couldn't help New Orleans, don't plan on it being able to rescue the entire country from a serious crash. Not gonna happen. On paper they may have a plan, but they do not have the means to execute it.
Comment
sweetpurple04

Confirmed User

Join Date: Jan 2007

Posts: 425
Share

Post
#12

08-09-2007, 06:19 PM

Since last year I have been buying Euros.. now I am very happy I did.

HD NICHE VIDEO AND PICS

ICQ# 97934302
Comment
cheekycherry

Confirmed User

Join Date: Feb 2002

Posts: 1703
Share

Post
#13

08-09-2007, 06:24 PM

I'm now planning on using my US dollars as toilet paper... It's cheaper than buying the rough stuff - and softer too!
Comment
DaddyHalbucks

A freakin' legend!

Join Date: Feb 2004

Posts: 18975
Share

Post
#14

08-09-2007, 06:30 PM

Even if fulfilled, it is pretty mild compared to what China could do to us.

China is a very major potential problem for us on many levels.

Boner Money
Comment
Pleasurepays

BANNED - SUPPORTING TUBES

Join Date: Aug 2002

Posts: 11913
Share

Post
#15

08-09-2007, 06:30 PM

yeah... they are doing to devalue their own investments out of spite.

makes perfect sense.

jeesh!

kids today.
Comment
Blue Player

So Fucking Banned

Join Date: Jun 2007

Posts: 679
Share

Post
#16

08-09-2007, 06:33 PM

Originally posted by pocketkangaroo

Are you being serious?

Yes, the US dollar is gone. Seriously no-one wants dollars at the moment. As the dollar continues to fall people will keep getting rid of them. US Dollar will be a 3rd world currency within 2 years.
Comment
OG LennyT

Wall Street Pimp

Join Date: Jun 2003

Posts: 14345
Share

Post
#17

08-09-2007, 06:34 PM

Originally posted by AlienQ

All it will do is bring Labor back to the US.

Cuz what was sold to America as Free trade is not free trade whats so ever.
America can blame its own politician's for handing over everything American companies want. Cheap labor. Once the problem is shored up and off shore market's are brought back home it will be business as usual for Americans.

I look forward to seeing "Made In The USA" once again.

Tradeking - my online broker | 4.95 a trade | make real $$
Comment
yahoo-xxx-girls.com

Confirmed User

Join Date: Jul 2006

Posts: 3143
Share

Post
#18

08-09-2007, 06:44 PM

Well the Canadian dollar is just fine... ^^

Do you guys like Chinese food ???

.

sig too big
Comment
pocketkangaroo

Confirmed User

Join Date: Jan 2005

Posts: 8452
Share

Post
#19

08-09-2007, 06:47 PM

Originally posted by Blue Player

Yes, the US dollar is gone. Seriously no-one wants dollars at the moment. As the dollar continues to fall people will keep getting rid of them. US Dollar will be a 3rd world currency within 2 years.

The dollar will fall, but do you realize what 3rd world level dollars are really worth? If you truly believe our dollar will be as weak as 3rd world countries, you show you have zero knowledge in anything financial.
Comment
yahoo-xxx-girls.com

Confirmed User

Join Date: Jul 2006

Posts: 3143
Share

Post
#20

08-09-2007, 07:20 PM

bump for a good story !

.

sig too big
Comment
GreyWolf

So Fucking Banned

Join Date: Jun 2007

Posts: 2036
Share

Post
#21

08-09-2007, 07:47 PM

Originally posted by pocketkangaroo

The dollar will fall, but do you realize what 3rd world level dollars are really worth? If you truly believe our dollar will be as weak as 3rd world countries, you show you have zero knowledge in anything financial.

It's easy to talk about "weak" 3rd world countries, but the fact remains they can often be solvent and their currencies stable.

BTW - China is not interested in playing stupid games with the dollar - they are more interested in maintaining their currency levels for the rest of the world, and, in the process, are actually helping US companies who have invested in China and who export 46% of Chinese product to the US.

Blue Player actually has a point when he mentions OPEC - that is far more of a threat to the dollar than China. OPEC members have been losing billions and have been discussing a possible change of petro currency for a few years now - and that is being pulled more to the table for discussion. Again, OPEC has no interest in screwing the dollar, but unless the dollar starts performing and gets some stability - it's an obvious sensible move to change the oil base to another more stable currency. The downside to this is that it would place the US economy in the league of Argentina during it's worst economic times - and even OPEC have no wish to cause that ripple, but - there may come a time to make a choice.

Only my , but can't see any glimmer of hope for the dollar at this time - or in the next decade. There are no assets which can be utilized to change the scenario over a shortish time, but massive debts and continued over-consumption and relying on other countries to supply product instead of supporting industry within the US - it's unstainable.
Comment
smax

Confirmed User

Join Date: Jun 2007

Posts: 341
Share

Post
#22

08-09-2007, 08:21 PM

If China "dumps" our debt, they will be doing exactly what we want them to do...appreciating their currency. They're basically selling dollars for yuans. Our exports and services will become more attractive in the current account balance while China's will become less attractive and more expensive. Additionally, the price of bonds will fall, causing yields to rise. Right now, the yield curve is f'ed up. This sell-off would hopefully put upward pressure in the middle part (3,5,10 yr) of the curve returning it to a somewhat normal upward sloping shape and bringing some much needed sense to capital markets.

That being said...China has no real incentive to dump our debt as long as they have a current account surpuls. US Treasuries aren't going to lose credit ratings because of this. The U.S. goverment has never defaluted or ever will default on its securities. They're the safest most boring instruments in the market. So
Comment
yahoo-xxx-girls.com

Confirmed User

Join Date: Jul 2006

Posts: 3143
Share

Post
#23

08-09-2007, 08:25 PM

Originally posted by smax

If China "dumps" our debt, they will be doing exactly what we want them to do...appreciating their currency. They're basically selling dollars for yuans. Our exports and services will become more attractive in the current account balance while China's will become less attractive and more expensive. Additionally, the price of bonds will fall, causing yields to rise. Right now, the yield curve is f'ed up. This sell-off would hopefully put upward pressure in the middle part (3,5,10 yr) of the curve returning it to a somewhat normal upward sloping shape and bringing some much needed sense to capital markets.

That being said...China has no real incentive to dump our debt as long as they have a current account surpuls. US Treasuries aren't going to lose credit ratings because of this. The U.S. goverment has never defaluted or ever will default on its securities. They're the safest most boring instruments in the market. So

You must be kidding me...

.

sig too big
Comment
Snake Doctor

I'm Lenny2 Bitch

Join Date: Mar 2001

Posts: 13449
Share

Post
#24

08-09-2007, 08:27 PM

I think all of these threads lately about the dollar are more about America hating and ppl who get paid by their sponsors in dollars and have to convert them to euros taking a financial hit.

There is nothing fundamentally wrong with the U.S. economy. China would be hurt as bad or worse if our dollar totally collapsed (not only do they hold 1 trillion in U.S. treasuries but their currency is pegged to ours, when ours drops so does theirs)

The value of the dollar has dropped compared to other currencies, but inflation here in the USA is very benign. Americans haven't lost any purchasing power at home.
If the dollar's drop was due to inflation domestically, then that could be problematic. The fluctuations between the dollar and other currencies are just that, fluctuations.
The U.S. remains the only industrialized nation that has never defaulted on their currency or debt obligations in it's history. For that reason alone it will remain the reserve currency of choice for many more decades.

Remember the reason for a currency being considered "safe" is the stability of the economy and of the government that issues the currency. The U.S. is still way way way ahead of the EU on both fronts.

sig too big
Comment
GatorB

The Demon & 12clicks

Join Date: Oct 2001

Posts: 18208
Share

Post
#25

08-09-2007, 08:28 PM

$900 million is less than 2% of Bill Gates wealth. Hell, Warren Buffet spends $900 mil a year on stippers.
Comment
who

So Fucking Banned

Join Date: Aug 2003

Posts: 19593
Share

Post
#26

08-09-2007, 08:29 PM

Welcome: http://en.wikipedia.org/wiki/American_currency_union
Comment
who

So Fucking Banned

Join Date: Aug 2003

Posts: 19593
Share

Post
#27

08-09-2007, 08:30 PM

Originally posted by GatorB

$900 million is less than 2% of Bill Gates wealth. Hell, Warren Buffet spends $900 mil a year on stippers.

They're talking about more than ONE THOUSAND BILLION actually.
Comment
smax

Confirmed User

Join Date: Jun 2007

Posts: 341
Share

Post
#28

08-09-2007, 08:31 PM

Originally posted by Balalsubturfyooj

You must be kidding me...

.

about what exactly?
Comment
tony286

lurker

Join Date: Aug 2002

Posts: 57021
Share

Post
#29

08-09-2007, 08:34 PM

I was listening on NPR and they had some guy on and he said its posturing on China part and on the United states part saying they are going to hit them with sanctions. The two countries need each other too much.
Comment
yahoo-xxx-girls.com

Confirmed User

Join Date: Jul 2006

Posts: 3143
Share

Post
#30

08-09-2007, 08:34 PM

Something to think about Lenny2

Lenny2, the US dollare is going down in value... and Chinese with their bonds don't want to take a loss on their investment... Take a look at what our Canadian dollar now is worth !

If China demands the bonds and other assets that they are entitled to and the US prints even more money... such will lower the US dollar a lot !

The US keeps on printing money and it keeps on decreasing its value and other countries who have invested in the US dollar are the ones taking the hit !

What do you say to this?

.

sig too big
Comment
Swish

Confirmed User

Join Date: Mar 2006

Posts: 1421
Share

Post
#31

08-09-2007, 08:34 PM

Originally posted by Lenny2

I think all of these threads lately about the dollar are more about America hating and ppl who get paid by their sponsors in dollars and have to convert them to euros taking a financial hit.

There is nothing fundamentally wrong with the U.S. economy. China would be hurt as bad or worse if our dollar totally collapsed (not only do they hold 1 trillion in U.S. treasuries but their currency is pegged to ours, when ours drops so does theirs)

The value of the dollar has dropped compared to other currencies, but inflation here in the USA is very benign. Americans haven't lost any purchasing power at home.
If the dollar's drop was due to inflation domestically, then that could be problematic. The fluctuations between the dollar and other currencies are just that, fluctuations.
The U.S. remains the only industrialized nation that has never defaulted on their currency or debt obligations in it's history. For that reason alone it will remain the reserve currency of choice for many more decades.

Remember the reason for a currency being considered "safe" is the stability of the economy and of the government that issues the currency. The U.S. is still way way way ahead of the EU on both fronts.

Here here

Naughty America - Director of Technology
It's a CELEBRATION bitches!! For the hottest content promote Naughty America!
swish at naughtyamerica dot com | ICQ: 226 737 620 | See Who I Am At AdultWhosWho.com!
Comment
smax

Confirmed User

Join Date: Jun 2007

Posts: 341
Share

Post
#32

08-09-2007, 08:45 PM

nothing is going to happen it's all posturing, china's products have only one advantage - price. if they lose the price advantage then suddenly their products become less desirable - especially if their quality continues to be complete garbage.

it could force a major recession in their own economy and the current regime has no experience with handling economic contractions.
it's the ultimate 'cutting off your nose in spite of your face'. the current situation right now is a win/win situation for both countries.
Wal-Mart alone accounts for 10% of Chinese imports. They need us as much as we need them.
Comment
Snake Doctor

I'm Lenny2 Bitch

Join Date: Mar 2001

Posts: 13449
Share

Post
#33

08-09-2007, 08:46 PM

Originally posted by Balalsubturfyooj

Lenny2, the US dollare is going down in value... and Chinese with their bonds don't want to take a loss on their investment... Take a look at what our Canadian dollar now is worth !

If China demands the bonds and other assets that they are entitled to and the US prints even more money... such will lower the US dollar a lot !

The US keeps on printing money and it keeps on decreasing its value and other countries who have invested in the US dollar are the ones taking the hit !

What do you say to this?

.

I reject the premise of your argument.

How are the chinese losing money? They buy a bond, they get their interest every month and at the end of the term their principle is returned to them.

You keep saying the dollar has dropped, I say the Euro and other currencies have risen because they were too low for too long.
Prove me wrong.

If you buy a barrel of oil, and then the price of oil drops $20 what did you lose?
Nothing. You still have a barrel of oil.

Also, prove that the U.S. "keeps printing money" and that is devaluing the dollar.
The fed has had such a tight grip on the printing press the past 4 years it's fucking ridiculous. The reason we haven't had inflation in this country because of higher energy costs is precisely because the fed refuses to monetize that inflation by putting more money into circulation.

Notice that you will almost NEVER see an American citizen complaining about the "falling dollar" because it doesn't affect us. Prices at home are relatively the same and we have steady economic growth and low unemployment. Why should we care if the Chinese take a beating on their bonds (theoretically) or if Europeans doing business in America are making less money because of the currency exchange?
The Canadians and Europeans made fortunes for decades doing business in America because the exchange rates were reversed. Get over it.

sig too big
Comment
yahoo-xxx-girls.com

Confirmed User

Join Date: Jul 2006

Posts: 3143
Share

Post
#34

08-09-2007, 08:48 PM

Your telling me China does not have the balls to go through with it ???

http://www.telegraph.co.uk/money/mai...cnchina108.xml

.

sig too big
Comment
billybathgate

Confirmed User

Join Date: Jan 2007

Posts: 483
Share

Post
#35

08-09-2007, 08:49 PM

Originally posted by smax

it could force a major recession in their own economy and the current regime has no experience with handling economic contractions.
it's the ultimate 'cutting off your nose in spite of your face'. the current situation right now is a win/win situation for both countries.
Wal-Mart alone accounts for 10% of Chinese imports. They need us as much as we need them.

$1.33 trillion could hold for a while

""
Comment
yahoo-xxx-girls.com

Confirmed User

Join Date: Jul 2006

Posts: 3143
Share

Post
#36

08-09-2007, 08:53 PM

Lenny2 ... The value of the bonds were based of a steady or increase in the US dollars value... when the US government prints more money it devalues it worth.

Here is a link for you Mr. Lenny2

http://www.currencytrading.net/2007/...the-us-dollar/

What do you say to this ?

.

sig too big
Comment
smax

Confirmed User

Join Date: Jun 2007

Posts: 341
Share

Post
#37

08-09-2007, 08:58 PM

not at the rate their economy is growing, its a bluff and everyone knows it except for the anti america crowd.

china doesn't have the balls to do it and it would go down in history as one the major blunders by country do so over something as trivial as taxes, we could go into a currency war and royally fuck them too

If and thats a BIG IF china wants to use this as leverage it will be for something a lot more monumental, something like Taiwan...
Comment
Cash

Click on my TCG signature

Join Date: Feb 2002

Posts: 20825
Share

Post
#38

08-09-2007, 09:21 PM

They could do this, but they would also hurt themselves hard, since their exports to the US would become very expensive, and the US exports worldwide very cheap ...

$9.95/month for 15000 GB bandwidth monthly, unlimited (sub)domains and MySQL5, PHP4/5, 500 GB disk storage! ; use any of these invitation codes: 216263692101; 408636009193; 846090586647; my ICQ 30160426!
Comment
pornguy

Too lazy to set a custom title

Join Date: Mar 2003

Posts: 62910
Share

Post
#39

08-09-2007, 09:24 PM

Originally posted by RayBonga

China is asking the USof A 'who is your daddy?'
and is threatening mr Bush with dumping 900 milliard dollars on the market.
It seems this is an effective way to make mr Bush bend over and spread em wide.

http://www.telegraph.co.uk/money/mai...cnchina108.xml

If China does do this then it will be mega shopping time!

Mega shopping time for WHO???? Not anyone in the US.

PornGuy skype me pornguy_epic

AmateurDough The Hottes Shemales online!
TChicks.com | Angeles Cid | Mariana Cordoba | MAILERS WELCOME!
Comment
buzzy

Confirmed User

Join Date: May 2007

Posts: 2606
Share

Post
#40

08-09-2007, 09:27 PM

for us in the united kingdom of gangstaz
Comment
buzzy

Confirmed User

Join Date: May 2007

Posts: 2606
Share

Post
#41

08-09-2007, 09:27 PM

lmao..........
Comment
buzzy

Confirmed User

Join Date: May 2007

Posts: 2606
Share

Post
#42

08-09-2007, 09:28 PM

im drunk
Comment
allofzen

Confirmed User

Join Date: Jul 2007

Posts: 182
Share

Post
#43

08-09-2007, 10:41 PM

Originally posted by Lenny2

A dollar crash fucks them way more than us.

They're the ones with 1trillion in US treasury notes. Do you really think they want to make 1trillion of their reserves worthless?
And hurt the economy of their biggest customer?

When you grab the bull by the balls, you just hold it tight...

You crush the balls, and the bulls horns will getcha

www.adultsexzen.com - TGP
www.adultsexzen.com - TRADE TRAFFIC

Moniker - Your domains make you money - keep them safe! Search GFY for yourself!

JaugarPC HOSTING - reliable VPS HOSTING, 30 day MONEY BACK trial, TRY RISK FREE NOW!
Comment
jigg

Confirmed User

Join Date: Feb 2002

Posts: 2527
Share

Post
#44

08-09-2007, 10:41 PM

i guess few here have lived under a communist government

the thing is they can do it and would do it because
they don't give a shit, they have themselves taken care of, their children
the economy and the people work to enrich the rulers

and when/if they pull that stunt they'll just say - oh look how powerful we are. America/West is their propaganda tool

if they cared about the people then the chinese wouldn't be so opressed

the commies always look out of themselves first, they take all the toppings and leave the leftovers for the rest of the populace

......
eight,eight,two,eight,eight,four,two
......
Comment
8 Characters

So Fucking Banned

Join Date: Jan 2005

Posts: 2336
Share

Post
#45

08-09-2007, 10:48 PM

Hey you stupid fucking maniacs (btw I am awesome) - an atom bomb is spelt like this:
A T O M B O M B

And I don't think it is made from money.
Comment
Snake Doctor

I'm Lenny2 Bitch

Join Date: Mar 2001

Posts: 13449
Share

Post
#46

08-09-2007, 10:56 PM

Originally posted by Balalsubturfyooj

Lenny2 ... The value of the bonds were based of a steady or increase in the US dollars value... when the US government prints more money it devalues it worth.

Here is a link for you Mr. Lenny2

http://www.currencytrading.net/2007/...the-us-dollar/

What do you say to this ?

.

There is no information on that link that says the U.S. is printing more money and that the effect of that printing is to devalue the dollar.

You guys are totally missing the boat. The U.S. can't control the actions of other governments or central banks. The EU and Japan have their own policies that they're implementing concerning their currency, based on their own economic needs.
If other governments take actions that strongly influence their currency's rate of exchange versus another currency, there's nothing we can do about it.

The only things the U.S. government and Federal Reserve can control is interest rates and money supply in our own country. They do this to achieve the highest level of employment possible while maintaining price stability.
Right now we have one of the lowest combined rates of unemployment and inflation in history.

What else are we supposed to do? Wreck our own economy so that people trading dollars for euro or yen can make more money?

sig too big
Comment
pocketkangaroo

Confirmed User

Join Date: Jan 2005

Posts: 8452
Share

Post
#47

08-09-2007, 11:02 PM

I just don't get why so many people are happy when the dollar loses value. Do you guys realize that the more the dollar loses, the less money you're making? Most of your customers and sponsors are paying in US dollars, why would you be happy about losing money or your business?
Comment
Snake Doctor

I'm Lenny2 Bitch

Join Date: Mar 2001

Posts: 13449
Share

Post
#48

08-09-2007, 11:14 PM

http://www.iie.com/publications/pape...sten0102-1.pdf

Major dollar depreciations are nothing new: they have
occurred about once per decade since the advent of generalized currency convertibility in the
postwar period: in 1971-73, 1978-79, 1985-87 and 1994-95 (to the dollar’s all-time lows against
the DM and yen).

Pocketkangaroo.
U.S. people aren't losing anything. There is no inflation here, the only time your dollars are worth less is if you're trying to buy something in an EU country or in Canada.
If you're shopping at home prices are stable, and your dollars are worth roughly the same as they were a year ago, or two years ago, etc.

If anything, a falling dollar is GOOD for our economy, because it increases our export business and decreases our trade deficit....something alot of Americans complain about when the dollar is overvalued against other currencies.

sig too big
Comment
yahoo-xxx-girls.com

Confirmed User

Join Date: Jul 2006

Posts: 3143
Share

Post
#49

08-10-2007, 12:17 AM

Part of the reason the US economy is unstable is because of people like you Lenny2 who state that everything is just fine and to make sure there is 1000 different ways to try to side step the actual questions at hand... And fuck yea the US is always printing money as to stabilize its self ... that is a fact... also perhaps you don't know you all are paying interest to the actual parties who are printing the money... you are paying interest on interest... the more you print you deeper you go into debt...

O yea bump...

.

sig too big
Comment
teomaxxx

Confirmed User

Join Date: May 2003

Posts: 2737
Share

Post
#50

08-10-2007, 12:37 AM

Originally posted by Lenny2

Also, prove that the U.S. "keeps printing money" and that is devaluing the dollar.
The fed has had such a tight grip on the printing press the past 4 years it's fucking ridiculous. The reason we haven't had inflation in this country because of higher energy costs is precisely because the fed refuses to monetize that inflation by putting more money into circulation.

you must be joking ?

USA is one of two countries in the world who doesnt publish M3 reserves, as they stopped few years ago. What doest that tell you?
USA measures of inflation dont involve basic staff, like food and energy, which is more vulnerable to show inflation signs.Every other country measures of inflation involves food and energy.
What does that tell you?

http://www.shadowstats.com/cgi-bin/sgs?
Comment

Previous 1 2 template Next

Working...