Only a gutty :2 cents: feeling Coatsy - it will continue for the foreseeable future and odds on, for longer than that.

We tend to think the current problems are attributable to eg. "wars", home price bubbles etc, but the problem is not new and has existed for 3-4 decades and has gradually been getting worse. The triggers may be the home market and wars, but it was inevitable it would happen at some time. In two one words - "unsustainable fantasy".

To even begin a remedy is a massive task and, who knows, but doubt this could be implemented in 10 years (at least to a level where a degree where signs of improvement are actually evidenced). During that time other countries holding dollar reserves will be spreading risk in other currencies - that makes it even more of an uphill struggle. (In practice, even now, major dollar reserve holdings have been dumped and these are bound to have an effect on the current scenario). Any recovery can't be entrusted soley to a government - it's beyond the level of any govt policy to cultivate actual wealth, but it can be at least a framework for possible recovery.

Again, only a gutty feeling, tho this has already been evidenced - the dollar will not be playing a role to the degree it once did as a reserve currency. Even now, there are more Euro denominated reserve currency holdings than there are in dollars, tho the ECB indicated that it is not their policy to have the Euro as a reserve currency.

Bottom line... the pulling or dumping of dollars will continue for a fairly long time - tho hard to say what that means in timescale - could be 3-5 years, tho could be much longer if there is not an action plan to resolve dollar problems and give investment confidence. That is going to be harder to do now when the hype won't work so well second time around.

Overall... this does little good for anyone, whether US resident or in other countries. As far as internet biz is concerned, - it won't be a option but to charge "real value" as opposed to selling in weaker dollars. Other international traders (and countries) don't deal only in dollars - the adult industry is no different.

I know a good solution
 

I believe with the old Bill Clinton (I really liked that guy) this would NEVER happened.
The solution, for starting, is getting a new president - Bush OUT!
I think anything should be better then Bush...also, I would prefer a democrat President :) maybe Hillary Clinton??...

cheers!

Open the border to Mexico and stop exporting jobs to China and India.

OR even better, get all those FAT and LAZY fucking assholes laying on the couch, watching Oprah and collecting government checks to get a fucking job.

Nice link HighRoller.
 

Great post... I'm not making fun of the US dollar, however it is somewhat scary when you think that the US wants to create a super state including Canada and Mexico... Could it be such is to get their ass out of the fire ??? I think it is a fair question...

Later all,

.

The border is open, open to anyone that wants to jump the 3 foot lawn fence that seperates U.S. from Mexico. or find a scretch that isn't even fenced.

Those Fat and Lazy assholes only make up a small porportion of our debt. Thats just an excuse to shift the blame from the real culprits. Republicans. Its the republicans that increased our debt from 4.5 to basically 9 trillion in 6 years. Bush and his cronies have spent trillions of dollars on nonsense these past few years. A personal war with saddam, 'home land stupidity' and all the republicans pet projects. There was NEVER any accountability with the republicans..they spent as if they had a blank check.

As much as I agree with you, the Democratic majority Congress has done nothing but bow down and take it up the ass.

New maximum today with ? vs $.

1?---$1.4845

This will pass $1.50 next week probably :(

yup its time for a recession not good

The current Dollar slide started in 1995 under Clinton and continues today.

The President has almost zero control over the value of the Dollar !

The dollar generally held good value in the 90's and did not "slide". The underlying economic problem started in the 70's and the trigger was pulled lately when the home mortgage problem was revealed together with war spending etc - along with a non-existant fiscal policy.

It would have happened either way. The general policy was to keep US folks spending and building up debt to sustain the economy this long while adopting an attitude of not shaking the deck of cards.




PS It's almost a sick joke now, but a quote from the current admin "Yes, I know it's a budget - it's got numbers on it". Enough said....

Are you able to back that up with facts... or it is just a so-called patriotic opinion ... ????

USD is fucked

it was 1913

:1orglaugh:1orglaugh:1orglaugh