US DOLLAR keeps falling-good job George - Page 2 - GoFuckYourself.com

- AFN - · 01-05-2004, 05:45 PM

Good thing Alan Greenspan reads this Board before he goes to FMOC meetings or else I'd say you're just wasting your time.

broke · 01-05-2004, 05:46 PM

Quote:

Originally posted by Rich

Clueless? Wanna compare sheepskins pal?

See... stupid people break things down as simply as possible, and use general statements to justify the fact that they're wrong. Sure a lower dollar CAN be a way to cut the deficit, but if that's your only plan, then you're fucked. If you can explain how increasing the dept by borrowing as much as possible for bullshit reasons then keeping the dollar down is helping the economy, then I'll hire you to sell swampland in Florida to Donald Trump.

If you think the way this administration is handling the economy is in any way, shape, or form a positive thing for the country, then here's the gun pal, save the world from further generations of your ignorant children.

I see we've finally got someone here that is capable of discussing the issue. I apologize for the clueless comment, but at the same time I'm glad I made it.. as it elicited an intelligent response.

Of course a lower dollar cannot be the only plan.

Borrowing on a declining dollar (for whatever reason) and sinking the dollar is surely not any sort of an economic plan.

I haven't mentioned anything about this administration.

I also don't think they are doing a very good job of handling the economy. The premise of my posts in this thread is that the weak dollar is not in and of itself bad for America and Americans in the near future.

I haven't seen anyone able to dispute that...

Richard - Triplexcash · 01-05-2004, 05:50 PM

Investment....thanks for the helpful informed responses

xxxdesign-net · 01-05-2004, 06:03 PM

Quote:

Originally posted by broke

What have you offered to the thread shithead? Other that fox news this and fox news that...

What's your economic policy?

That's right... you don't have one, but want to champion a strong dollar. Hell -- I've given more negatives to a weak dollar than you have.

Carry on... Hannity and (who is his partner) this and Hannity and his partner that.

Blah blah blah

My economic policy?

THis one is too much....

Cant you take the clues air head?!

The subject is too complex for any of us to have an opinion even worth mentioning... If experts cant agree.. what makes you believe your opinion is worth a fucking cent!?! Broke..? Is that what you are!? I though so...

xxxdesign-net · 01-05-2004, 06:09 PM

Quote:

Originally posted by BigFish

What was wrong with his post? He was asking a question and stating his observations based on basic economic theory. Did you fall asleep in economics 101 or something? I don't see anything about fox in his post, do you?

"Negatives?

Thanks."

Can be interpretated in 2 ways... if this was an honest question.. sorry

broke · 01-05-2004, 06:18 PM

Quote:

Originally posted by xxxdesign-net

The subject is too complex for any of us to have an opinion even worth mentioning... If experts cant agree.. what makes you believe your opinion is worth a fucking cent!?! Broke..? Is that what you are!? I though so...

I know it's hard to understand, but not everyone here is an idiot.

Some of us have economics degrees and some of us have advanced economic degrees. You have a hatred for fox news.

'Experts' told people the earth was flat and the flight was not possible and other experts disagreed. 'Experts' not examined are nothing but rulers of thought for the masses.

I'm honestly surprised it took you so long to attack the 'nick' you must be so proud. Yes -- I'm so broke... I may lose my internet access in a few.

Vitasoy · 01-05-2004, 06:28 PM

Quote:

Originally posted by Krille
i wish the sponsors would pay in euro since the dollar sucks nowadays...

I'm looking too...

xxxdesign-net · 01-05-2004, 06:31 PM

Quote:

Originally posted by broke

I know it's hard to understand, but not everyone here is an idiot.

Some of us have economics degrees and some of us have advanced economic degrees. You have a hatred for fox news.

'Experts' told people the earth was flat and the flight was not possible and other experts disagreed. 'Experts' not examined are nothing but rulers of thought for the masses.

I'm honestly surprised it took you so long to attack the 'nick' you must be so proud. Yes -- I'm so broke... I may lose my internet access in a few.

I give up.. you're too much!! economics degrees

So you have some knowledge!?
Do you know what economic experts working for governement/opposition or studying every damn thing the governement does, 7 days a week are!?! THey study in DEPTH everything and use their extensive experience and brain to make decisions... And even in that group... whether republican, democrates or 3rd party observer... they disagree!

Continue thinking that your "knowledge" is worth a cent... Your knowledge is only good for entertainemnt purposes... small talks if you prefer.. making you feel intelligent somehow...

btw.. you have an economic degree? Did everyone in your class had the same opinion on all the different economic issues!? Maybe... since so few of you are qualified to think! Knowledge is only a tool..

sacX · 01-05-2004, 06:36 PM

Quote:

Originally posted by broke

I also don't think they are doing a very good job of handling the economy. The premise of my posts in this thread is that the weak dollar is not in and of itself bad for America and Americans in the near future.

I haven't seen anyone able to dispute that...

Well every time you invest your money somewhere you have an opportunity cost. By keeping money in US denominated assets it is a relatively poor utilisation of capital.

genomega · 01-05-2004, 06:40 PM

Quote:

Originally posted by davecummings
The present value of the dollar is good for America in that it makes our goods and services cheaper for foreigners to purchase, something we presently need to assure an economic recovery. It also cuts back on dollar-expensive vacationing overseas, thus keep vacationers spending vacation dollars in America which further helps economic recovery.

Like him and/or his policies or not, the Bush tax cut along with lower interest rates and no significant inflation along with a cheaper dollar might make us more money in the long run as jobs start to be created to replace inventories running low due to cheap dollar costs for our manufactured goods. Lately, productivity innovations has held down some job growth, so we need a cheaper dollar to spur overseas demand for our products to the point that it creates manufacturing jobs.

My only worry is that high crude oil prices might slow down the economy, or raise inflation (defined as more money chasing the same goods and services) which might cause the Fed to raise interest rates to fight inflation---yes, the election year might possibly hold down rate increases, but....

Dave
www.davecummings.com

The lower the dollar falls the stronger the US economy gets. The only question is which eu welfare state will go belly up first, france or germany.

directfiesta · 01-05-2004, 06:43 PM

Quote:

Originally posted by genomega

The lower the dollar falls the stronger the US economy gets. The only question is which eu welfare state will go belly up first, france or germany.

\
Why in the hell didn't you guys do that earlier????

, think about : debt to pay, interest to pay. China to pay for imports, oil ....

I do not say it is good or bad for the US, it is just more complicated and part of a big picture. The future will tell us...

Pleasurepays · 01-05-2004, 06:44 PM

weak dollar increases exports. a strong dollar does not do much to jump start the economy... particularly when Europe is hurting

Pleasurepays · 01-05-2004, 06:47 PM

Quote:

Originally posted by Pleasurepays
weak dollar increases exports. a strong dollar does not do much to jump start the economy... particularly when Europe is hurting

which is why China intentionally has kept its currency weak for years.

broke · 01-05-2004, 06:52 PM

Quote:

Originally posted by xxxdesign-net

THey study in DEPTH everything and use their extensive experience and brain to make decisions... And even in that group... whether republican, democrates or 3rd party observer... they disagree!

I'm so impressed by your intellect.

The only thing you have to offer is that intelligent people disagree.

Bravo.

Quote:

Originally posted by xxxdesign-net

Continue thinking that your "knowledge" is worth a cent... Your knowledge is only good for entertainemnt purposes... small talks if you prefer.. making you feel intelligent somehow...

Does talking shit and offering nothing do something for you? Still waiting for any info you have on a strong or weak dollar.

Quote:

Originally posted by xxxdesign-net

btw.. you have an economic degree? Did everyone in your class had the same opinion on all the different economic issues!? Maybe... since so few of you are qualified to think! Knowledge is only a tool..

Yes.

Of course not -- but the people that didn't have the same opinion could discuss it. Unlike some in this thread....

Go ahead...

fox new, hannity, fox news, hannity...

sacX · 01-05-2004, 06:52 PM

Quote:

Originally posted by Pleasurepays

which is why China intentionally has kept its currency weak for years.

which is a bit scary actually.. If China floated their currency that'd bring huge sell side pressure on the USD :/

Lane · 01-05-2004, 06:53 PM

it sure is a strategic move from the US, rather than a result of economic failure.

as long as it doesnt affect the inflation, it's good for the US economy and bad for others. but what it will cause in the long run is questionable, yet irrelevant to Mr. Bush's plans.

i wonder when they present the % of economic growth as a major success of the current government, do they take into account how much value the money has lost? the volume in dollars might have gone up, yet it has less buying power now overseas.. this is not gonna be good for such a heavily consuming country who imports so many products. how long before prices start going up?

Lane · 01-05-2004, 07:00 PM

btw, imagine the chinese workers wanting to get paid based on the euro now, instead of the usd.

one of the main reasons of the recent war was to keep the oil prices indexed to usd, right after saddam tried to change that. the first betrayal he ever did to the people that gave him the dictatorship power for the purpose of keeping the war economy in middle east profitable to the US.

xxxdesign-net · 01-05-2004, 07:04 PM

Quote:

Originally posted by broke

Does talking shit and offering nothing do something for you? Still waiting for any info you have on a strong or weak dollar.

Quote:

I'm so impressed by your intellect.

The only thing you have to offer is that intelligent people disagree.

Bravo.

I said I give up... doing it right now!

sacX · 01-05-2004, 07:12 PM

Quote:

Originally posted by Lane
it sure is a strategic move from the US, rather than a result of economic failure.

as long as it doesnt affect the inflation, it's good for the US economy and bad for others. but what it will cause in the long run is questionable, yet irrelevant to Mr. Bush's plans.

hrm i don't know if strategic move is exactly the word. With the twin deficits the dollar pretty much had only one direction to go.
It's something they've decided they can live with though.

flashfire · 01-05-2004, 08:15 PM

I really sucks for me except it keeps mortgage rates in Canada low

sacX · 01-06-2004, 04:18 AM

fucking useless piece of shit currency bump..

1.2756 against the euro.

Theo · 01-06-2004, 04:30 AM

A low dollar has both negative and positive effects on various economical and social factors. The most important is to identify why the currency is weak now, since this is gonna play a major role in determining future changes and trends. I doubt there's any kind of strategy and i believe it's an outcome of bad handlings.

strobi · 01-06-2004, 04:55 AM

Quote:

Originally posted by sacX
fucking useless piece of shit currency bump..

1.2756 against the euro.

damn

01-05-2004, 05:45 PM	#51
- AFN - Confirmed User Join Date: Jun 2003 Location: NYC Baaaabeee Posts: 3,101	Good thing Alan Greenspan reads this Board before he goes to FMOC meetings or else I'd say you're just wasting your time. __________________ cat cash* \| tr -d '\r' \| tr -s '/n' > money

01-05-2004, 06:53 PM	#66
Lane Will code for food... Join Date: Apr 2001 Location: Buckeye, AZ Posts: 8,496	it sure is a strategic move from the US, rather than a result of economic failure. as long as it doesnt affect the inflation, it's good for the US economy and bad for others. but what it will cause in the long run is questionable, yet irrelevant to Mr. Bush's plans. i wonder when they present the % of economic growth as a major success of the current government, do they take into account how much value the money has lost? the volume in dollars might have gone up, yet it has less buying power now overseas.. this is not gonna be good for such a heavily consuming country who imports so many products. how long before prices start going up? __________________

01-05-2004, 07:00 PM	#67
Lane Will code for food... Join Date: Apr 2001 Location: Buckeye, AZ Posts: 8,496	btw, imagine the chinese workers wanting to get paid based on the euro now, instead of the usd. one of the main reasons of the recent war was to keep the oil prices indexed to usd, right after saddam tried to change that. the first betrayal he ever did to the people that gave him the dictatorship power for the purpose of keeping the war economy in middle east profitable to the US. __________________

01-06-2004, 04:18 AM	#71
sacX Confirmed User Join Date: Dec 2002 Location: New Zealand Posts: 2,998	fucking useless piece of shit currency bump.. 1.2756 against the euro. __________________ Have Asian Language Traffic?

01-05-2004, 05:50 PM	#53
Richard - Triplexcash Confirmed User Join Date: Aug 2003 Posts: 915	Investment....thanks for the helpful informed responses

01-05-2004, 06:44 PM	#62
Pleasurepays BANNED - SUPPORTING TUBES Join Date: Aug 2002 Location: I live in a pile of boogers Posts: 11,913	weak dollar increases exports. a strong dollar does not do much to jump start the economy... particularly when Europe is hurting

01-05-2004, 08:15 PM	#70
flashfire ICQ 1 6 7 8 5 3 4 9 2 Join Date: Feb 2003 Posts: 13,098	I really sucks for me except it keeps mortgage rates in Canada low

01-06-2004, 04:30 AM	#72
Theo HAL 9000 Industry Role: Join Date: May 2001 Posts: 34,515	A low dollar has both negative and positive effects on various economical and social factors. The most important is to identify why the currency is weak now, since this is gonna play a major role in determining future changes and trends. I doubt there's any kind of strategy and i believe it's an outcome of bad handlings.