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VirtuMike

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#1

US Dollar Market

11-24-2004, 09:07 AM

I just checked and the currency exchanges for USD are at record lows.

1 EUR = $1.32
1 CAD = $.85

I read yesterday that they were expecting the Euro to continue to rise. How does this affect you?

European goods consumed in the US will be replaced by American goods out of sheer pricing. US goods exported throughout the world should increase.

But then again, these are all made up numbers and values.

From what I understand, the Republican agenda is to knock us back into the depression of the 20's, where the only way to get us out is to depend on loans and production. There is money generated on the down cycle (look at all the government contractors banking on this time period), and once we're so desperately in the hole, we will need to depend on them once again to loan us out of the hole. It's actually a pretty brilliant strategy - if you're on the winning end. If you're just another taxpayer, you get burned twice.

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directfiesta

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#2

11-24-2004, 09:13 AM

I posted an article yesterday about Russia shifting to Euro, and China putting pressure...
but it came out to most as " Why do you hate America "...

So there is no point to discuss serious shit here ....
USA RULES !!!

I know that Asspimple is stoopid ... As he says, it is a FACT !

But I can't figure out how he can breathe or type , at the same time ....
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goBigtime

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#3

11-24-2004, 09:13 AM

I agree... another "great depression" followed by another "new deal" is in the works.

IMHO, a key part of this set-up is the housing market.

I think alot of people will be renting soon.
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Manowar

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#4

11-24-2004, 09:14 AM

Conversion rates in the last year have really made me depressed
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Xenophage

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#5

11-24-2004, 09:15 AM

Originally posted by goBigtime
I agree... another "great depression" followed by another "new deal" is in the works.

IMHO, a key part of this set-up is the housing market.

I think alot of people will be renting soon.

thats a scary thought

on a interesting note if you believe this you can now invest direct in gold symbol GLD traded as a ETF stock. Gold moves against the dollar !
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VirtuMike

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#6

11-24-2004, 09:52 AM

Probably too intellectual a conversation for GFY... Maybe if I post pics of dollars people would click.

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HarlotCash Dyker

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#7

11-24-2004, 10:08 AM

Originally posted by VirtuMike
I just checked and the currency exchanges for USD are at record lows.

1 EUR = $1.32
1 CAD = $.85

I read yesterday that they were expecting the Euro to continue to rise. How does this affect you?

European goods consumed in the US will be replaced by American goods out of sheer pricing. US goods exported throughout the world should increase.

But then again, these are all made up numbers and values.

From what I understand, the Republican agenda is to knock us back into the depression of the 20's, where the only way to get us out is to depend on loans and production. There is money generated on the down cycle (look at all the government contractors banking on this time period), and once we're so desperately in the hole, we will need to depend on them once again to loan us out of the hole. It's actually a pretty brilliant strategy - if you're on the winning end. If you're just another taxpayer, you get burned twice.

Makes me laugh when Bush says he wants a strong dollar - A n interest rate hike of 2% would bring it back a bit -

But, what he is doing is quite clever - In the short term (See my final paragraph) - Already Usa import/export differentials is 50Billion dollars waywards - All those extra taxes collected on exported goods will help offset usa borrowing -

As for all those countries thinking about exchanging the dollar as a second currency... Well shove your dollars back into the usa.

If huge ammounts of outside cash are now invested into American equities, futures and stocks, those doing so will make, as you'd expect, normal profits - But imagine what would happen should the dollar get back 10, 20, 30, or evn 40% of its former value, and those investors sold off everything?

Last edited by HarlotCash Dyker; 11-24-2004, 10:10 AM.

!!!Harlot Cash<<>>Harlot Cash<<>>Harlot Cash<<>>Harlot Cash!!!
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slapass

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#8

11-24-2004, 10:18 AM

Bush has no choice. He is spending huge cash. He has to borrow it and compete with the market. If he prints more money it creates inflation. The fear of inflation is driving our dollar down. Nothing big or scary going on. We had 20 years of declinging rates and 8 years of decreased spending. Now we go the other way with Bush.
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The Other Steve

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#9

11-24-2004, 10:30 AM

Originally posted by VirtuMike

European goods consumed in the US will be replaced by American goods out of sheer pricing. US goods exported throughout the world should increase.

Stop and think again - America is not producing as much as it once was because your production jobs have been moved to Asia.

The bottom line is that the US will not be able to replace imported goods with goods made in the US and so you guys will be paying more for just about everything.

Left intentionally blank ... just like my brain
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VirtuMike

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#10

11-25-2004, 06:16 AM

It went down another quarter of a cent!

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XYZZY4L
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Observing

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#11

11-25-2004, 06:24 AM

Well use this in your advertising for euro based customers.
Put up a geo sign for EU based surfers "Porn has never been cheaper for you"

Use it at will ;)

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69pornlinks

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#12

11-25-2004, 06:26 AM

Originally posted by The Other Steve
Stop and think again - America is not producing as much as it once was because your production jobs have been moved to Asia.

The bottom line is that the US will not be able to replace imported goods with goods made in the US and so you guys will be paying more for just about everything.

thank you someone with sense, people always use that argument, it's good for exporters..USA doesn't export shit....almost everything is overseas..

It IS what it IS
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JFK

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#13

11-25-2004, 06:48 AM

Originally posted by VirtuMike
Probably too intellectual a conversation for GFY... Maybe if I post pics of dollars people would click.

only if you post 2 of them , I wouldnt click for a buck, Its not what it used to be

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flashfreak

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#14

11-25-2004, 07:33 AM

Originally posted by The Other Steve
Stop and think again - America is not producing as much as it once was because your production jobs have been moved to Asia.

The bottom line is that the US will not be able to replace imported goods with goods made in the US and so you guys will be paying more for just about everything.

makes sense. asia is growing, oil is less and less... someone has to sink unless they'll change the strategy.
sooner the better

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