The real reason webmasters outside of the US are pissed at the election results.
 

It has nothing to do with Bush and his war monger ways. It has nothing to do with his foreign policy. Its all about the strength of the American dollar.

You are pissed that the dollar is so weak, and your not making what you want to make when cashing your US checks.



:glugglug Flame Away





(A sincere apology to anyone truly affected by Bushs war)

Bush's incompetence is going to make my country stronger... and Europe and China much stronger. You are correct that Bush is going to destroy your economy and collapse your dollar, but it won't take long for the world to start using Euros. Uneducated people don't realize just what the effect is going to be when the USD stops being the world's reserve currency. It'll be the worst thing to happen to your country under Bush, worse than 9/11, worse than Iraq, worse than the war against China.

Maybe we just care about other people?

finally, someone who sees the reality through this whole fiasco.

The thought of using the euro seems pretty far away... I dunno dude.

If it comes to that we will just have to adapt and survive. The majority voted him in. Bitching on a message board calling all Americans idiots won't change a thing.

Because of the dollar's current state, I am holding off on any large purchases.

WG

I think a small majority do. The others could give a flying fuck as long as they were making money.

This is too much information for most people to digest. To keep the average Joe Sixpack interested you need to throw in a mention of Big Macs or Budweiser.

Another economics genius.



The US treasury is HAPPY that the dollar is temporarily weak. The Banks in the EU are DESPERATE to get the Euro down, (I was at dinner with 2 VERY high level bankers in Munich in May).

Reason? The weak dollar is greatly helping US exports, as well as attracting foreign business investments. The strong Euro is KILLING EU exports, as well as sending world business investment into other markets, resulting in unemployment levels that average TWICE what they are in the US.

In the long term, the US dollar will need to come up in order to balance trade prices for foreign goods that the US MUST have, but in the short term it is one of the reasons why our economy is rebounding so fast from the post dot-com boom, combined with the trillions lost in Sept 11th.:2 cents:

Furious_Male:

Furious... seriously, I really don't give one fuck about the US dollar. This does not harm me one way or other... tho, can think of an advantage in it right now.

What I do care about are friends in the US who have to tolerate an embarassing utter asshole as a President for four more boring years.

It also has nada to do with politics.. people are free to choose whatever political persuasion they want.

It is solely down the the well-known facts and track record that 50% of the US electorate are so amazingly stupid to have elected, not once, but twice, a very inept and lying scumbag as a leader.

That does not show one ounce of credit to the US. I find that very sad since the US "used to be" a nation with amazing potential.

yup, correct finally someone who sees it right

Sorry, I have to say it again for the people that never heard of John Maynard Keynes, let alone know what Alan Greenspan does.:2 cents:

well, I for one also care about the 100'000 dead iraqis.. what kind of example does this make? how did this criminal get re-elected?

it's not quite as simple as that, what about the foreign investment that sustains your budget defecit? if they're not getting a decent return on their investment, then what happens?

what about the potential for significant rises in US inflation

and don't forget that trade is a two way street, if a weak dollar affects exports from the rest of the world to the US (and hence affects their ecconomies), that has a relative impact on imports to other countries from the US.

and don't forget many US companies need imports of materials etc to produce whatever products they make, if they're paying significantly more for those imports it makes them uncompetitive.

Notice that I said temporary. 3 or 4 years at a low value is not a long time, in terms of debt repayment, but it IS long enough to get the US out of a recession.

As for the rise in US inflation, that has been uttery insignificant in the last 6 years or so, and at this point is not a factor, in fact, the treasury has had concerns regarding the possiblities of DEflation.

As I said above, it is temporarily a good thing. The lower comparative prices of imported goods from the US helps US goods remain more competive offshore, and boosts sales.

Look at the trade figures - the US is a net consumer - it uses more than it produces whether that be measured in primary or secondary products.

It is also sending jobs overseas.

Combine all that with the weakening dollar and it means that America will be importing more at a higher cost and so the consumer will have to pay more for everything.

Does that make for a great future for the US?

What will be left at the end of four more years?

Banana Republic may soon become part of the lexicon of the average US citizen

Dude stop, you're making too much sense here. :winkwink:

Ok.....whatever you say.

In that case, why is unemployment over 10% in Europe as compared to 5% in the US?

Don't believe the boogeymen. The US economy is MUCH stronger than you realize. The continued trading of oil in petrodollars is also a much stronger market anchor than you think. Why do you think that Germany, France and Russia wouldn't join us in Iraq? Besides the Billions that they were skimming off of the "oil for food" program, they had also cut a deal with Saddam to change petrodollars to petroeuros.

I don't believe in the boogey man at all - I've been around way too long for that.

What I believe in is the currency markets and they are marking the US dollar down and have been for a long time.

Now though the US dollar is falling faster than ever before - a full cent in the last 12 hours against the $A and I see that even the Canadian dollar is strong against the $US.

That is not the sign of a strong economy.

I guess that's why the Dow jumped 100 points today with NASDAQ and others following. Piss poor dollars do that, ya know.:winkwink:

well there is the shit exchange rate but basically we fucking hate him

I was one of the 100,000 people you didn't see on the news who marched thru london when he came to visit!


http://news.bbc.co.uk/1/hi/england/london/3223780.stm

Hey, "the other steve" Have I met you? Do you live in Brisbane? Just wondering...:glugglug