Is the Dollar fucked?
 

When will the nose dive end?

The Euro is taking over as World Currency.

I think it's time to put money into Gold.

The US is heading for the biggest depression ever...


The sky IS falling, and all you monkeys just spend your time here talking shit, and trying to take down tin top rappers.

change your sig then maybe i will talk to you.

crybaby.

I'm going to redo this thread, because it obviously wasn't emotional enough.

I've got to work the patriots up into a frothing mass.

I fucking hope the usd isn't getting any worse. The rates are already fucking, FUCKING horrible.

in my pocket


btw, love your sig :thumbsup

Word.

Some people on this board have no taste.

I'm thinking the same thing.

But they have us all doped up, weakend, pacified & amused -- everyone will just laugh & sigh about it as it happens.

Doomed.

and basicly no life..

fuck em.. :thumbsup

This event is just over, Boeing was able to fuck Airbus' ass big time since the USD was so low. Now the USD will go up again and the Euro will become the official currency of Turkey :1orglaugh :1orglaugh :1orglaugh

It totally amazes me what people cry about on this board.

They're quite happy to see a girl gag on a cock.

Or take two dicks up the ass.

But a big of poo? Hell, no!

Depression, my ass !!!
Where will people invest then? Europe with the prospect of more 3rd world countries such as turkey and maroc joining :1orglaugh :1orglaugh

stop with the :1orglaugh already

or are you a 12clicks wannabe?

And to actually answer your comment ...

More and more investment money (that used to go into the US) is now going elsewhere.

Some very in the know people are very worried.

The dollar has been 'artificial money' for decades now.

But probably not for much longer.

The US could be in some serious shit.

They'll invest in the EU to NOT invest in the US.... we're not the most loved (or trusted) country out there anymore if you haven't noticed. :2 cents:

isn;t there now deflation fears in germany? europe's economy isn't all that shit hot and at least the american economy has some light finally showing at the end of the tunnel.

the american currency was overvalued anywyas, it was bound to drop and it did.

In plain English, America relies on the rest of the world to finance its deficits. The rest of the world was happy to do so when the US economy was strong and returns were high, but investors will put their cash elsewhere if America looks weak economically. America borrows hundreds of millions of dollars from the rest of the world each day to cover its savings gap and, under George Bush, US dependence on foreign capital is set to increase...

True -
And the Euro isn't "strong" at all - It currently has false values.
The GB pound is nearly always the safest currency.
America has always over-borrowed and never pays into nato etc, what it has agreed to .

It seems the real danger is if the US dollar keeps dropping.

That could be worse than a recession, or even deflation. It could be a full blown depression where currency loses nearly all value.

Where do you see the light at the end of the tunnel?

Here is the worst case senario

1. Dollar falls .10 Euro
2. Americans stop buying good produced elsewhere because they cost too much
3. US becomes a cheap labour market
4. Us goods become a bargin internationally
5. Investment flows into US to built manufacturing plants
6. Europe can no longer fund it's welfare state and the Euro needs to be devalued

Short term pain long term gain

What do you mean?


Are you sure? Where do you get this from?

It seems that a lot of US administrations go for a 'quick fix' for the economy and the dollar. Which isn't a real fix at all ... just more borrowed time.

Like taking out another loan to pay for a car you can't afford.

And then taking a loan to consolidate all your other loans.

...etc...

This might be fine if you curbed your spending and paid off your loans.

The US Government doesn't seem too interested in doing that and is just sinking more and more into debt.

Like a shopping junkie with massive credit card bills who can't afford to pay the interest any more.

Is the US interested in becoming a manufacturing nation again?

Isn't most of the manufacturing being done in China/India? How can the US ever compete with that?

People often say that "Europe is a welfare state", but the impression I get is they're fucking hard workers too. Just ask the Germans.

Also known as savekaren.com syndrome.

:eek7

US workers are the most productive in the first world. Perhaps no longer the best educated but well trained for both technical and industrial work.

If the dollar falls low enough the jobs will return, debt will be paid back in low value dollars and the world will continue to rotate on it's axis.

The standard of living over the average American will decline but since food and housing are abundanr and produced domestically I do not forsee a revolution or panic of any type.

The US is no longer a manufacturing country.

It's mostly been outsourced.

Manufacturing will not be coming back to the States. It has no reason to.

The Dollar is fucked.

I'm starting to like you, wanna get together?

Shouldn't you be busy stalking Colin and TheKing?

Nope Sarah, I only stalk luc duboi

Good to know. But I wasn't talking to you :)

bush and his wars sux
that's why the dollar suffer

Should I?

Are you organizing my time now?

Good to know.

right now the lower dollar helps, in the short term anyways. combine that with tax breaks(went overboard with them) and low rates and you have a solid foundation for recovery. should be another cut this week, quarter point which is all should be done and what i'm expecting. that will help.

if more help is needed they can attack the long term rates. get those rates under 3% and it can move the economy within 6-12 months. i'm not sure if thats needed at this point because the american economy should recover in 2004. people are a bit too optimistic right now for 2003. things are pretty much going how i expected, which is a sluggish recovery, but its still a recovery.

What are you crazy fuckers talking about??

we just went and got isreals oil back, they will be dumping us cash in no time at all!

Plus we get iraqi oil for ourselfs, and then we make them pay our workers to rebuild thier country because Halliburton will be contracted for all of the work, and it will all be grand for americans.