Peacemaker

50... .. . "The hardest thing in the world to understand is the income tax."

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GreyWolf

Hehe - And the hardest positive decision in anyone's life is placing themselves in a position where income tax is legally dumped

teomaxxx

yes, they are most devolped, but at the end noone want to take their most advanced products now and there are still frozen markets for all these "LEVEL 3 Assets"

bns666

ah fuckit, i am not even so much in the mood to read this thread completely...

right now dollar seems to go down and down with no light at the end of the tunnel....

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There's a light........

It's an incoming train called SOCIAL SECURITY.

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Snake Doctor

The social security shortfall is nothing compared to the medicare shortfall.

The social security shortfall is 10 trillion, the medicare unfunded liability is projected at 62 trillion

The only way we're going to be able to fix that is to reform our health care system totally, from soup to nuts.
Hopefully the next president will be able to do that.

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$5 submissions

OUCH!!! Would socialization of the health industry fix the looming Medicare fiscal disaster by lowering costs? Or would it be merely shifting the costs to somewhere else?

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directfiesta

that would be exports

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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 ....

directfiesta

Saying it is one thing ... Backing up or explaining is another ...

At this moment, the trade balance is a deficit situation for the USA ...In other words, it imports more ( in $$$ ) that it exports ( in $$$).

A lower dollar will help the US exports ( by being cheaper ), but the imports will be more expensive ( your dollar buying less ).
The only way your blanket statment can be true is if the USA start producing manufacturing goods instead of importing them ... I don't see that in a near future.

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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 ....

V_RocKs

Sucky... sucky

directfiesta

I was under the impression that you were american .....

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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 ....

$5 submissions

Did the tax cuts Bush pushed through earlier in his term help matters?

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pocketkangaroo

I agree that will help, but not be a solution. Most sales are made in the US and as long as that stays, everyone overseas is taking a paycut.

GreyWolf

Believe me - it is more than just a help and does not depend on the number of sales, more the bottom line revenue from sales and related more to what these sales are worth.



PS Leave me out of "everyone overseas is taking a paycut" - sure is not the case here But does depend on organizing stuff better as to what paycut there may be for most international webmasters.

pocketkangaroo

I don't know. You have made thousands of posts here and I'd say 99% are about the US. I'd have to imagine you have some vested interest in the country.

GreyWolf

Obviously math is not your forte. Is analyizing posts a new hobby? If something relates to the US - sure, that's the subject. On economics, it's hard to avoid the subject of an economic swamp which hits headlines daily. You got a problem with this?? Your post has nothing to do with processing or China's decision to balance their reserves.

Nope - no vested interest, especially at the moment.

woj

Nice to see a bunch of macro economics experts on here... if you guys took the time you argue on gfy about how bad shit is in the us, and instead used it to play the forex, you would be filthy reach and retired by now...

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xxxRumor

They will not swap a trillion in a day, they will swap a 0.02% of a percent or so a day and not every day for many month so the rates won't take a big dive it is not in their best interest. For big traders in and out of a position takes 1-3 month talking about china it could take several years. If they dump 1 trillion in one day the whole worlds economy will feel the effect.

GreyWolf

True. This is nothing new - China stated plans in either 2004 or 2005 to balance their currency reserves and prob have been slowly doing that since then. They have also been "investing" dollars in other long-term ways eg giving away dollars as 'aid' to enhance/encourage global trading deals - basically the same as dumping, but avoids the damage of dumping.

pocketkangaroo

I have no problem with it or your posts. I agree with a lot of stuff you say. I'm just saying I thought it was odd for someone who says the US has no impact on him whatsoever to have dedicated so many posts on here to them.

latinasojourn

the dollar will go up and down through various corrections.

the bigger issue is quality of life and what a currency will actually buy in goods and services for the people that live in that country.

the quality of life in all it's aspects is related to worker output in a given country.

and of all the nations in the world, US workers are amongst the most productive, if not the most productive.

and because of this they (americans) tend to have the best quality of life.

americans don't give a shit much that the euro might be stronger than the dollar, or that the yen or rmb is gaining strength.

because, (for the most part) the average american has a BETTER quality of life than citizens of these other countries.

GreyWolf

Simple answer - the topic of chat never depended on whether the subject had impact or otherwise - else we'd all have little to say (apart from "hit it" pics - will skip them ).

No, the US never did have any impact - tho lived there for a while, enjoyed it, and have good friends there.

But for webmasters who live or are based in areas where currency exchange is a problem, - they appear to being hit and there is little reason why they should be hit. They are not involved in US economic problems nor did they buy homes and max out cards to contribute to the current problem.

The solution is relatively simple. In the instance of paysites - change to local signup pages offering payment in local currencies and at pricing levels acceptable to these countries. There is no logical reason to do otherwise and should already be that way.

For folks who don't have paysites or control over pricing - deal with sponsors who do process multi-currency and charge/pay pro rata on a country basis - or with sponsors who pay in other currencies.

Tho the current concern is from international webmasters - this benefits the whole industry - including US-based webmasters. Sure as hell their cost of living will increase and signup revenue per head will also be of less value shortly.

This industry is international and that spread of customers will just increase - it's past time to deal with currency on the basis of just one country and not in the interests of the industry as a whole.

Shoplifter

And that's exactly why China will never dump their reserves. The USA is their largest marketplace and if the dollar goes down any further Chinese exports will be less competitive.

China has a one note economy...If anything happens to their ability to export they are screwed. As it is they are already starting to be squeezed by a low dollar and $100 oil. If they do something as destabilizing as dump their USD reserves their 1.3 billion people will need that $trillion to live on for the next 100 years.

thonglife

Sshh.. I am short the dollar

Snake Doctor

The idea is that it lowers costs.
I don't want to get into volumes here on the merits/drawbacks to universal health care, it's a touchy subject for alot of people.
I will say though that every other industrialized nation in the world besides the US has it, and they all spend a far lower % of their GDP on health care than we do, and they cover their entire population.

We can either nationalize and regulate the entire system, start kicking seniors out of emergency rooms in 10 years, or bankrupt the entire nation.
Those are literally the only choices we have.

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axelez

You are a fucking retard

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Snake Doctor

You are totally confused brah.

I said a weak dollar helps our negative trade balance.
A negative trade balance means we buy more things from other countries than they buy from us.

A weak dollar means the things we sell to other countries are cheaper for them, so they buy more. It also means the things we import are more expensive for us, so we buy less of those things.
If we buy less things from other people and they buy more things from us the trade deficit shrinks.

I also don't get why so many people think that America doesn't export anything. While we are the world's largest importer, we are also one of the world's top 3 exporters.
http://en.wikipedia.org/wiki/Image:U...s1960-2004.gif

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Snake Doctor

This is what I fucking hate about this place.

You try to have a serious discussion about business or politics or the economy and some adolescent idiot who registered last week gets to troll around and post shit like this.

They should really make at least a token effort to verify that people who register here are 18 years old and/or make them verify an adult url they own to prove they are actually in this biz.

The trolls/surfers/postwhores have really turned this place into a fucking cesspool

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tony286

maybe this is the ultimate warfare? This hurts a country much more than bombs and guns.

axelez

You do realize that one of these day your parents are going to be senior citizens
...
what happens if they are the ones that get kicked out of the emergency room are you okay with that .....

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minusonebit

I have been buying up GM and Ford stock lately under the same premise, I think UAW is finally coming around to the realization that they are not going to have jobs if they don't agree to some cuts to allow the company to be competitive... and I think we're gonna see some great stuff come out of Detroit soon... What goes up always comes down, what goes down doesn't always go back up, but with some entities its a good bet to make.

biglou

I heard that as a Chinese saying, and of course, it is not a blessing, but a curse.

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DamageX

If China drops the USD as their reserve currency of choice, many more will follow and the USD will probably never recover to its previous strength. Keep in mind that the OPEC countries have been looking at charging in EUR/barrel for a long time now and the lower the USD goes (which will happen for sure if China goes ahead with the announced move) the more likely they are to switch as well, since it's hollowing out their profits. If you think the USD is low now, just wait until everyone drops it and switches to EUR.

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RegUser

well think of it this way guys
10 years ago i used to get CAD 1400 for a thousand US.
5 years ago maybe 1300
3 years ago 1200
1 year ago 1100
and now 925
last week it dipped below 895
so I have exchanged most of my US stash. dont you think many others are doing the same thing now....why invest in a loser
It is as simple as that

Snake Doctor

You have a serious reading comprehension problem if what you took from my post was that I'm ok with seniors getting kicked out of emergency rooms.

I said we need to nationalize the system because if we don't we'll have to kick seniors out of emergency rooms.....and somehow you think that means I want to kick them out of emergency rooms.

Also, my parents are already senior citizens kid.

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sltr

economics buffs make hilarious keyboard warriors!

Finn

Why would China publish their intention to change from dollar
to other currency? Would'nt that statement couse value of dollar
going down and therefore China would lose money in exchange?
Don't know, I am just part time adult webmaster...

GigoloMason

If our dollar collapsed China would fuck themselves over as badly as it fucked us.

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advokat

The Russian financial crisis (also called "Rouble crisis") hit Russia in August 17 1998. It was exacerbated by the global recession of 1998, which started with the Asian financial crisis in July 1997. Given the ensuing decline in world commodity prices, countries heavily dependent on the export of raw materials, such as oil, were among those most severely hit. (Petroleum, natural gas, metals, and timber accounted for more than 80% of Russian exports, leaving the country vulnerable to swings in world prices. Oil was also a major source of government tax revenue.[1]) The sharp decline in the price of oil had severe consequences for Russia. However, the primary cause of the Russian Financial Crisis was not the fall of oil prices directly, but the result of non-payment of taxes by the energy and manufacturing industries.

directfiesta

SnakeDoctor , you really are handicapped .. or what?

You just repeated exactly what I said ...

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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 ....

$5 submissions

Woj raises an interesting point. The way things are going now, the current trends seem almost predictable. There seems to be a lot of forex money to be made betting against the USD and buying up EU or GBP. Heck, even the local currency here, the Philippine peso, has racked up 11%+ in the past year against the greenback.

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Snake Doctor

Ok so first you say that my statement is false, and then proceed to explain to me that our trade balance is negative, when I said in my original statement that our trade balance is negative.

Then in this sentence you explain the exact reasons why what I said is true, but you say it as though you're disagreeing with me or correcting what I said.

You made this idiotic statement, so I posted data that shows that the U.S. is the world's 3rd largest exporter, and proceeded to explain to you why all of your confused bullshit above was wrong with this post

And then your comeback is this?

Dude, put the fucking crack pipe down and step away from the keyboard, you don't belong in this discussion.
Stick with the "would you hit it" threads mmmmmkay?

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$5 submissions

Damage X: I agree. It looks like it's just a question of WHEN not IF since they've already signaled they'll be swapping some of the reserves out for EU or CDN. Unless something dramatic happens, it's probably a good bet that this swap out will continue. I mean, who wants to hang on to a rapidly depreciating reserve asset?

On the other hand, the US Fed can't maneuver much except to cut rates to help out the financial markets but that's just going to drive the USD's value even lower. It's caught between a rock and a hard place. The hard place being the increasing prices of food commodities due to higher fuel input and biodiesel pressures (why sell corn for food when you can sell it at a biofuel-subsidized higher price?).

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Thurbs

to anyone that believes the US couldn't just up and start producing more, thats rediculous.

just like when war time came for WWII, we all of sudden had plenty of new factories right in time.

the US economy will bounce, maybe not to the #1 spot, but lots of other countries economies will bounce back downward as well, since very many economies are indirectly and directly tied the US in many more ways than we could go over on an Adult Message board.

oddly it was just Friday that Goldman Sachs said it was time to start shorting the CDN.

Thurbs

also .. the reason why one country imports more then exports is b/c it was cheaper to do so at that time, when the time changes, the trend reverts.

lots of companies out here would love to regain dominance, big companies like GM would love it, make some more cars, we could start printing stickers "US Made - I did it for the Economy"

onlyreal

dollar will only lose its power in world if people start to trade oil with euro vs

until that time it is impossible dollar will lose its power

it is that easy

buzzy

I agree.

$5 submissions

xxxRumor: Exactly. It would a long process. But, as DamageX said earlier, there WILL be a downward spiral if there's no counteracting news or development.

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