Quote:
Originally Posted by theking
Once again sport...you are ignorant about the subject you are talking about...it does not quiet work that way.
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yes yes the basic laws of economy cease to exist when theking says so...
the famous "a dollar is a dollar inside the USA" short sighted argument...
1) your weak dollar may be good for export but you do not produce much these days do you? you have to take your weak dollar and pay outsourced work with it and this relies on 3rd world counties artificially pegging their currency against yours
not a solid long term foundation for the USA eh?
2) the US gov may be able to print money and dump it, but your corporations can not...their investment/buying power is linked to the weak US$ OR AT BEST profits they made abroad outside the USA like apple that keeps its foreign profit money abroad
....SURE they make bank ABROAD...BUT this money is now super expensive to bring back to the USA...this money has actually nothing to do with the USA its private and will be invested in more outsourcing...bright future eh?
3) your economy just got cheaper for the petro dollar crowd to buy...this is not good for your economy by any stretch of the imagination...your piece of the pie is getting smaller and smaller...
you are like frank for bitcoins
no amount of logic and common sense can stand in the way of your faith in a sinking ship