50........,.

That "pay reduction" is one serious load of shit oldtimer :pimp

And... I'd bet 10K (dollar value :)) that the majority of worst is not known of yet and much worse to come.

When the country is borrowing $2-$4 billion/day from China alone and this represents around 22% of total daily borrowings and where there is only two areas of trade surpluses (wheat and arms) and where there has never been a trade surplus.. think since the 60's - that is a massive unsustainable problem.

The flip side is... it's an excellent time (tho may be even better to come yet) to buy up the US assets or any asset which can be paid in US currency.


PS I'd not give .001 of a cent for that 2 cents :upsidedow

OK.. You said it in one sentence Paul - but doubt the clueless would get a clue :1orglaugh

ummmm, you are an idiot. they are WANTING to see a strong US dollar - not a week one.

that's the point.

a week US dollar means the USA is LOOSING power on the world marketplace

a week one means some other country will surpass the USA - and the european union will do it in our lifetime - they have better educated people and more money - there's too many people like pimpdog in the USA - it's not sustainable long term

lmao :1orglaugh

portugal is 2nd world!

pwnd....

The dangerous bit in this stuff is the day other folks choose to re-evaluate their product against any more strong and stable currencies.

There are plenty "products" to choose from, but a more topical one being oil. OPEC are not stupid (and they have little interest in destablising money markets), but there has been rumblings of valuing oil in Euros. If that did happen - several analyists have predicted the outcome would be that the US ecomony would match that of Argentina very rapidly.

Even on a small scale on the net - EU processors are now capturing more business in other currencies. The writing is on the wall - its just a matter of being able to read it :)

thats true.. but the us is importing alot of stuff from china, europe etc.. and if the $ keeps on dropping you've to pay more for the stuff you're importing. ( well its good for your export because its cheap for the europeans to buy stuff from the states.. euro is like gold)

if euro is gold

pound is platinumm

True Corleone!

The problem there is there is actually little product to export due to a combination of things - mainly lack of manufactuing ability and competitiveness. Manufacturing ability has been screwed over decades - and, sadly, still in a strong decline.

It's simply unsustainable to have any business consuming far more in overhead that the profits it can generate. Unfortunately US is that business.

It sure bloody is Scotty! :1orglaugh

What you can buy for GBP value is amazing!! :thumbsup

Even worse would be the impact of the international drug trade switching to Euros.

100's of billions of currency would come home and be dumped. Inflation would reach 25%.

yoyo it sux big time..