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LWW
09-30-2010, 03:54 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The dollar headed for its biggest monthly loss since 2008 versus the euro as signs <span style='font-size: 11pt'>the U.S. economy is slowing damped demand for the nation’s assets.</span>

The dollar was set for a quarterly drop versus all of its major counterparts before data forecast to show U.S. business activity and manufacturing slowed. Federal Reserve Chairman Ben S. Bernanke is scheduled to testify in Washington today amid speculation the central bank is preparing to buy more U.S. debt. The yen approached the strongest since the Bank of Japan intervened amid speculation exporters are bringing home overseas earnings</span> before the end of the fiscal first half.

“America’s economic growth seems to be decelerating,” said Tsutomu Soma, a bond and currency dealer in Tokyo at Okasan Securities Co. ...

The Institute for Supply Management-Chicago Inc. will say today <span style='font-size: 11pt'>its business barometer fell to 55.5 this month from 56.7 in August</span>, according to the median estimate of economists in a Bloomberg News survey. ...

The Fed announced following its Sept. 21 meeting that it’s prepared to do more to help the economy, spurring speculation <span style='font-size: 14pt'>policy makers will add securities to the central bank’s holdings under a policy known as quantitative easing.</span> ...

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The march towards a FASCIST (http://www.bloomberg.com/news/2010-09-29/dollar-is-near-five-month-low-versus-euro-on-fed-debt-purchase-speculation.html) economy continues.

LWW

jimmyg
09-30-2010, 06:24 AM
I doubt that many people actually understand the financial, political, and social implications of a collapsing dollar.

Maybe our resident financial (and everything else) genius can post an detailed explaination of what we can expect from this without the political trash about how wonderfully, successfully, and effectively the administration is managing the collapse. /forums/images/%%GRAEMLIN_URL%%/crazy.gif

This will not turn out well.

J

cushioncrawler
09-30-2010, 06:21 PM
A low dollar meens that china will sell less in theusofa.
A low dollar meens that theusofa will sell more overseas.
But it seems to me that theusofa enjoyed having a popular currency -- lots of easy overseas money any time theusofa wanted -- but a low dollar duznt necessaryly meen the end of that.
What theusofa probly wants iz a low dollar (for competitiv advantage) plus a hi-demand dollar (wannabuymy$) -- mightbe that iz possible.
mac.

jimmyg
09-30-2010, 06:46 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: cushioncrawler</div><div class="ubbcode-body">A low dollar meens that china will sell less in theusofa.
A low dollar meens that theusofa will sell more overseas.
But it seems to me that theusofa enjoyed having a popular currency -- lots of easy overseas money any time theusofa wanted -- but a low dollar duznt necessaryly meen the end of that.
What theusofa probly wants iz a low dollar (for competitiv advantage) plus a hi-demand dollar (wannabuymy$) -- mightbe that iz possible. mac. </div></div>

All true Mac.

Since, over the last 30 years, the USA has exported it's manufacturing industries in exchange for $3 Asian tee shirts and $30 Chinese DVD players, we really cannot turn ourselves into an exporting economy overnight.

The main reason for intentionally devalue the US dollar is to enable us to repay our foreign debt with cheaper dollars. And, yes, because we are an import economy, that will make imports more expensive, eventually resulting in high inflation. During a severe recession (depression), with unemployment at extremely high levels, we will, most likely, experience some serious financial pain.

The dollar, as the world's reserve currency, may not survive.

J

cushioncrawler
09-30-2010, 06:57 PM
Helping repay foreign debt -- yes sounds pretty korrekt -- especially for thems who repay buyers of old dollars with new dollars.
The good news iz that the ozzy $ iz now very close to theusofa $ -- hmmmmm -- no, wait, that iz aktually bad news, unless i want to holiday in theusofa.
The ozzy $ used to be 50 usofa cents. Earlyr it woz i think even 140 usofa cents. Now 96 cents.
mac.

jimmyg
09-30-2010, 09:42 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: cushioncrawler</div><div class="ubbcode-body">Helping repay foreign debt -- yes sounds pretty korrekt -- especially for thems who repay buyers of old dollars with new dollars.
The good news iz that the ozzy $ iz now very close to theusofa $ -- hmmmmm -- no, wait, that iz aktually bad news, unless i want to holiday in theusofa.
The ozzy $ used to be 50 usofa cents. Earlyr it woz i think even 140 usofa cents. Now 96 cents.mac. </div></div>

Actually added to my Aussie $ position last week. /forums/images/%%GRAEMLIN_URL%%/smile.gif

J

Qtec
10-01-2010, 02:43 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">“America’s economic growth seems to be decelerating,” said<span style='font-size: 20pt'> Tsutomu Soma,</span> a bond and currency dealer in Tokyo at Okasan Securities Co. “This is a negative factor for the dollar.” </div></div>


LMFAO.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> " Tsutomu Soma is a 12 yr old in Tokyo who kids people into thinking he is a currency dealer." said Inspector Lul from the Dutch police.

</div></div>

Q...HaHa........get real. /forums/images/%%GRAEMLIN_URL%%/grin.gif

Qtec
10-01-2010, 03:00 AM
The Dollar isn't worth the paper its printed on. The problem is countries all round the world hold a LOT of Dollars, especially the Chinese.

Its a Catch 22 situation. They want to unload $ but to do so would drive the Dollar down and they would lose money.
If you have a lot of Dollars, its in your own interest to keep the Dollar high or at least support the price, which is what they do.

The other option is to invest /spend these $ in the US. If they did, there's no better time to buy real estate for the long term than now.

Yellowstone Park could become the Chin Wun Chi Country Club and Health Spa. No Crackers Allowed............LOL

Q

LWW
10-01-2010, 05:56 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body"> <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">“America’s economic growth seems to be decelerating,” said<span style='font-size: 20pt'> Tsutomu Soma,</span> a bond and currency dealer in Tokyo at Okasan Securities Co. “This is a negative factor for the dollar.” </div></div>


LMFAO.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> " Tsutomu Soma is a 12 yr old in Tokyo who kids people into thinking he is a currency dealer." said Inspector Lul from the Dutch police.

</div></div>

Q...HaHa........get real. /forums/images/%%GRAEMLIN_URL%%/grin.gif
</div></div>

Must you resort to such fabrications?

Well, obviously you feel that you must.

LWW

sack316
10-01-2010, 09:38 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: jimmyg</div><div class="ubbcode-body">

The main reason for intentionally devalue the US dollar is to enable us to repay our foreign debt with cheaper dollars. And, yes, because we are an import economy, that will make imports more expensive, eventually resulting in high inflation. During a severe recession (depression), with unemployment at extremely high levels, we will, most likely, experience some serious financial pain.
</div></div>

Ding ding ding!

Sack

Gayle in MD
10-01-2010, 11:31 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body">The Dollar isn't worth the paper its printed on. The problem is countries all round the world hold a LOT of Dollars, especially the Chinese.

Its a Catch 22 situation. They want to unload $ but to do so would drive the Dollar down and they would lose money.
If you have a lot of Dollars, its in your own interest to keep the Dollar high or at least support the price, which is what they do.

The other option is to invest /spend these $ in the US. If they did, there's no better time to buy real estate for the long term than now.

Yellowstone Park could become the Chin Wun Chi Country Club and Health Spa. No Crackers Allowed............LOL

Q </div></div>

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The other option is to invest /spend these $ in the US. If they did, there's no better time to buy real estate for the long term than now.
</div></div>

Absolutely! It's pretty simple, investing in rental properties when prices are down, is the fastest route to financial success.

When the economy is bad, people lose their homes, and rental properties are even more in demand. Hence, the rental prices go up, not down.

G.