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-   -   Tim Geithner may have just killed the US Dollar... (https://gfy.com/showthread.php?t=1014591)

Sausage 03-17-2011 10:15 AM

Quote:

Originally Posted by V_RocKs (Post 17985878)
If you want to look at presidents...

Regan brought our dollar to it's hight and then tanked the shit out of it before leaving office...

Regan was put there by the bankers and did the bidding of the bankers. He was the perfect puppet, especially as an actor who as we all know just follow orders. Even in public he did as he was told ... never forget when he was told to cut his speech to the stock exchange short and he took the order and did as commanded.

sperbonzo 03-17-2011 10:17 AM

Yes, I was a big dummy.... someone sent me the link and I didn't pay close enough attention to the date...

Having said that, a global currency would be a disaster. Each country has it's own culture, it's own priorities and it's own set of values. The only way for certain countries to keep up with world trade is to de-value their currency so that their export...s get cheaper. A world currency would create permanent "ghetto countries", that would NEVER be able to get out of their mired economies. It would also then stifle more productive countries in order to cover the debt levels of the less productive. In the end, you would completely kill economic progress on the planet. Look at the Euro. Personally I don't think it will last 5 more years. If you want a world currency, then I guess you want everyone to have only one culture, one set of values and one world government. Personally I don't think it will happen, and I wouldn't want to live to see it.




.

Sausage 03-17-2011 10:19 AM

Quote:

Originally Posted by dyna mo (Post 17986057)
would it all rly be like this? seems like there would be more to consider. i don't know, just asking.

No.. it's not as simple as he puts it.

If it were then Zimbawbe would be enjoying a golden age.

ez12 03-17-2011 10:24 AM

Fuck, the dollar is falling for years now.. :(

Davy 03-17-2011 10:30 AM

Quote:

Originally Posted by Shap (Post 17985799)
That article is from 2009 are you stuck in the past and being shocked and blown away by old news? LOL

Thanks for pointing that out.

We hit the 1.40 $/EUR exchange rate, though. Now I remember a coupld of years ago, it was much worse (>1.60). Those were great times of cheap hosting. Unfortunately, all my revenue is in USD nowadays... :disgust

blackmonsters 03-17-2011 10:34 AM

Quote:

Originally Posted by Sausage (Post 17986181)
No.. it's not as simple as he puts it.

If it were then Zimbawbe would be enjoying a golden age.

Dude Zimbabwe is being boycotted by all western nations.
Get the fuck out of here with that comparison.
There has been an on going effort to cripple the nation ever since the
colonial jackasses got run out by Mugabe.

You can't even spell the place so I'm sure you know nothing about it
except lies.

marketsmart 03-17-2011 10:55 AM

Quote:

Originally Posted by 12clicks (Post 17985769)
this administration can't be booted out of office fast enough.
They've got the idiot rabble worried about whart their betters are paying in taxes when shit like this effects them much more and they're completely unaware as they cheer them on.

once again, you prove that you are just another upper middle class moron that thinks they are wealthy and have some understanding of how govt works..

the financial institutions are now running washington.. its not going to matter who is in office anymore, you are going to see the total destruction of the middle class in the next 50 years..

you cry about taxes now.. wait until the tax rate is 70%.. we not see this in our lives, but i wouldnt bet against it..

the US economy has been propped up by nothing more than credit for a long time and now that a lot of that credit is gone, there is nothing left to continue that trend..

our entire infrastructure is quickly becoming that of a 3rd world country and people would rather be selfish and cry about raising their taxes..

our education system is worsening by the year and in a time when the jobs for the uneducated, like you Ron, are slowly disappearing.. manufacturing jobs are not coming back to this country and what we need is a shift in the workforce from unskilled to highly skilled.. the people like you Ron, the low iq ones, can take care of the remaining service jobs like construction (you might want to get your hammer back out roofer boy) and laborers..

i cant wait for an administration change, so all you republican cheerleaders will see that there will be no difference in the course this country is headed...

and Ron, please go take some political science classes at your local community college. its embarrassing to keep watching you make a fool of yourself trying to have adult conversations by repeating what you hear on the news..

when you get a firm understanding of how govt works these days, please come back and we can have an intelligent discussion...

your stupidity in no longer amusing to me.... :2 cents:







.

cykoe6 03-17-2011 11:02 AM

Quote:

Originally Posted by sperbonzo (Post 17985758)
I'm totally speechless..... :Oh crap

http://www.telegraph.co.uk/finance/e...s-markets.html

"US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is "quite open" to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.

The dollar plunged instantly against the euro, yen, and sterling as the comments flashed across trading screens. David Bloom, currency chief at HSBC, said the apparent policy shift amounts to an earthquake in geo-finance.

"The mere fact that the US Treasury Secretary is even entertaining thoughts that the dollar may cease being the anchor of the global monetary system has caused consternation," he said.

Mr Geithner later qualified his remarks, insisting that the dollar would remain the "world's dominant reserve currency ... for a long period of time" but the seeds of doubt have been sown. "

This happened in 2009. Not sure why Drudge is linking to it today.

Cyandin 03-17-2011 11:11 AM

http://cdn.pitchfork.com/media/4351-...el-jackson.jpg

SAD NEWS.....


RIP :Hollering

Kimmykim 03-17-2011 11:26 AM

It's Reagan, btw.

VikingMan 03-17-2011 11:30 AM

50 worthless greenbacks

paperboy 03-17-2011 03:35 PM

This article is 2 years old! What the heck??? :1orglaugh

DangerX !!! 03-17-2011 05:23 PM

http://toons.artie.com/alphabet/punc...r-50-trans.gif

BVF 03-17-2011 05:31 PM

Quote:

Originally Posted by 12clicks (Post 17985785)
you're right. so let me dumb it down for you.
the larger scheme you have no clue about can't be accomplished without the US.
you, in your continued idiocy, voted for the administration thats rapidly undoing our country.
now go back, sit down, and let the adults talk.

But ignorant rabble like you doesn't realize that it doesn't matter who the administration is...He is merely a puppet for greater forces....The same thing would happen if McCain was in office.

nation-x 03-18-2011 05:57 AM

Here is a graph that shows the dollars exchange rate history since March 25, 2009

http://www.lifestyleamateurs.com/dollar.png

I am not defending the administrations actions... but I would point to this graph as proof that the people in this thread that say they know something about the subject and point to monetary policy as some kind of deviation from the norm don't know what they are talking about. :2 cents:

edit: this graph is from http://www.oanda.com/currency/historical-rates/

slapass 03-18-2011 06:24 AM

So everyone thinks it is cool that the dollar is artificially strong since we are the reserve currency? why is that?

Klen 03-18-2011 06:53 AM

Holy shit it jumped from 1.39 to 1.41...Horrible....

12clicks 03-18-2011 08:59 AM

Quote:

Originally Posted by BVF (Post 17987129)
But ignorant rabble like you doesn't realize that it doesn't matter who the administration is...He is merely a puppet for greater forces....The same thing would happen if McCain was in office.

hahaha, yes idiot. the big scary puppet masters control everything.
:1orglaugh


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