The US dollar slides again. - Page 2 - GoFuckYourself.com

pornstar2pac · 07-07-2006, 02:38 AM

50!!!!!!!!!!!!!!!!!!!!!

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Big John · 07-07-2006, 02:39 AM

Quote:

Originally Posted by pornstar2pac

50!!!!!!!!!!!!!!!!!!!!!

fuck you woj.....

Webby · 07-07-2006, 02:46 AM

Quote:

Originally Posted by Big John

The problem is a simple one for those confused about why it should mean a hike. These days a HUGE percentage of goods are made outside of the USA, most in the Far East. The 'normal' currency for payment of these goods is the dollar. With the dollar worth a lot less for prolonged periods, manufacturers in the Far East must raise prices to compensate as their own bills are for the most part paid in local currency.

Dunno whether it's realistic or not (never had the time to dig in deep and check)... but China was being asked to devalue their currency to make it easier for the US, but, least so far, they have refused. Suppose China is also thinking of the other markets they trade with and the effects on them.

At the same time, the US is borrowing between $2-$4 billion/day from the Central Bank of China which seems to be around 20+% of US international borrowings. It really does not take a braincell to see that this is unsustainable - especially when there has not been a trading surplus since the 60's.

It is absolutely vital there is some fiscal policy in place or else the whole economy will end up suffering badly. Sadly, right at this moment - there appears to be little prospect of that happening.

Big John · 07-07-2006, 03:05 AM

Quote:

Originally Posted by Webby

Dunno whether it's realistic or not (never had the time to dig in deep and check)... but China was being asked to devalue their currency to make it easier for the US, but, least so far, they have refused. Suppose China is also thinking of the other markets they trade with and the effects on them.

At the same time, the US is borrowing between $2-$4 billion/day from the Central Bank of China which seems to be around 20+% of US international borrowings. It really does not take a braincell to see that this is unsustainable - especially when there has not been a trading surplus since the 60's.

It is absolutely vital there is some fiscal policy in place or else the whole economy will end up suffering badly. Sadly, right at this moment - there appears to be little prospect of that happening.

I continue to find the size of the Chinese debt, that fact that it continues to grow and that the US government does not see it as a problem simply amazing. It's lucky that it's not like property and the Chinese can't simply call it in and sieze the assets i.e. the USA

However, as you know there are many other implications of owing that much. Amazing that not too long ago 'communists' were being hunted down and now the government happily borrows from them :0

Of course talking about facts and the US economy is 'bashing the USA' so perhaps we should stop? God forbid something that affects everyone is discussed by non-Americans. But then thankfully very few people in the USA are as dumb as Spludge or whatever the idiot's called.

Webby · 07-07-2006, 03:21 AM

Quote:

Originally Posted by Big John

Of course talking about facts and the US economy is 'bashing the USA' so perhaps we should stop? God forbid something that affects everyone is discussed by non-Americans. But then thankfully very few people in the USA are as dumb as Spludge or whatever the idiot's called.

Let's put it this way - If you were running a corp on this basis - you'd prob be thinking of winding it up

Yea.. the "US bashing" stuff really only comes from.. dunno.. an "element". Still really don't understand that. I'd not be giving a shit if a country I was in was being discussed or even blasted - especially when it's just common sense. US folks I know sure ain't like that "element".

Let's hope there is some action from "somewhere" that can at least slow the spiral - it's too much to ignore, both within the US and internationally. Time will tell

Buzz · 07-07-2006, 05:01 AM

Retire Dubiya and dollar grows up again

Peace · 07-07-2006, 03:11 PM

Yes same in Russia dollar dropped and we basicluy have expence rise for 30%

directfiesta · 07-07-2006, 05:26 PM

Quote:

Originally Posted by Paul Markham

Splum where are you I need you to read my post about the US.

Splum is an idiot, one of those 'one liners '.

He has and will slander ( or libel, whatever ...) soimeone based on his stupid perception of ' don't say bad about my USA ', even tough he has no brain cells that even start comprehending the situation...

Conclusion: he is a moron.

07-07-2006, 02:38 AM	#51
pornstar2pac Omaha Hi/Lo Join Date: Nov 2003 Posts: 17,380	50!!!!!!!!!!!!!!!!!!!!! fuck you woj..... __________________ Trump haters gonna hate. that's all they can do

07-07-2006, 03:11 PM	#57
Peace Confirmed User Industry Role: Join Date: Sep 2004 Location: NY and Moscow Posts: 5,519	Yes same in Russia dollar dropped and we basicluy have expence rise for 30% __________________ Need Custom or Licensed Content? Visit PhotoVideoContent.com Email: [email protected] / Telegram: @romatibet / Skype: Peace888

07-07-2006, 05:01 AM	#56
Buzz Confirmed User Industry Role: Join Date: Apr 2004 Posts: 1,908	Retire Dubiya and dollar grows up again