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Is that a moonbat in my sites?
Join Date: Oct 2001
Location: Somewhere in the World
Posts: 7,638
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<HR style="COLOR: #fdde82" SIZE=1><!-- / icon and title --><!-- message -->Quote:
<TABLE cellSpacing=0 cellPadding=6 width="100%" border=0><TBODY><TR><TD class=alt2 style="BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px inset">Originally Posted by Romanowski
european banks own the US federal reserve
so you tell me whos military it is
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If I can stop laughing for a few seconds, I'll ask you to prove it - but no - you'll come up with some moonbat analysis that shows the US economy is a result of long tern French investing or some other such stupidity.
The Euro was 1.17 US dollars when launched.
It's now 1.39 US Dollars.
So European goods would sell for more in the US while US goods would sell for less in Europe - and Europeans could vacation in terror free US for a bigger bang for their buck -- and you think the European banks want this??
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On April 27, 1932, the Fed outfit sent $750,000 belonging to American bank depositors in gold to Germany. A week later another $300,000 in gold was shipped to Germany. About the middle of May $12,000,000 in gold was shipped to Germany by the Fed. Almost every week there was a shipment of gold to Germany. Went through grandpa Prescott Bush to bankroll Hitler and pay for the construction of their Nazi war machine. The Central Banks essentially started WWII.
The Central Bank (FED) controls the militaries of almost every country in the world, especially ours...
Right now theyre the only thing stopping Bush from attacking Iran- aint that funny...
Is that a moonbat in my sites?
Join Date: Oct 2001
Location: Somewhere in the World
Posts: 7,638
</TD><TD class=alt1 id=td_post_4295951 style="BORDER-RIGHT: #fdde82 1px solid"><!-- icon and title -->
<HR style="COLOR: #fdde82" SIZE=1><!-- / icon and title --><!-- message -->Quote:
<TABLE cellSpacing=0 cellPadding=6 width="100%" border=0><TBODY><TR><TD class=alt2 style="BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px inset">Originally Posted by Romanowski
european banks own the US federal reserve
so you tell me whos military it is
</TD></TR></TBODY></TABLE>
If I can stop laughing for a few seconds, I'll ask you to prove it - but no - you'll come up with some moonbat analysis that shows the US economy is a result of long tern French investing or some other such stupidity.
The Euro was 1.17 US dollars when launched.
It's now 1.39 US Dollars.
So European goods would sell for more in the US while US goods would sell for less in Europe - and Europeans could vacation in terror free US for a bigger bang for their buck -- and you think the European banks want this??
<!-- / message --></TD></TR></TBODY></TABLE>
On April 27, 1932, the Fed outfit sent $750,000 belonging to American bank depositors in gold to Germany. A week later another $300,000 in gold was shipped to Germany. About the middle of May $12,000,000 in gold was shipped to Germany by the Fed. Almost every week there was a shipment of gold to Germany. Went through grandpa Prescott Bush to bankroll Hitler and pay for the construction of their Nazi war machine. The Central Banks essentially started WWII.
The Central Bank (FED) controls the militaries of almost every country in the world, especially ours...
Right now theyre the only thing stopping Bush from attacking Iran- aint that funny...
A few observations
1) The US does have the strongest economy, I'm not even sure how this can be debated. Then again, some people think we attacked ourselves on 9/11. And some still actually believe our education system ain't broke ( wow, I really digressed with this one, eh? :thumbsup
.
2) A weak dollar ain't bad. We'll tend to import less and buy American. It actually helps our economy, and I'm a thinking the proof is in the pudding already.
3) The world cannot allow our dollar or our economy to collapse. You see, if either thing happens, they're all fucked (this is for those of u who thinks somebody is actually planning such).
4) The Patriot was a great movie, I enjoyed it. I hated that fucking Red Coat who was burning down churches. I think Bubba even talked about him one day.
1) The US does have the strongest economy, I'm not even sure how this can be debated. Then again, some people think we attacked ourselves on 9/11. And some still actually believe our education system ain't broke ( wow, I really digressed with this one, eh? :thumbsup
.2) A weak dollar ain't bad. We'll tend to import less and buy American. It actually helps our economy, and I'm a thinking the proof is in the pudding already.
3) The world cannot allow our dollar or our economy to collapse. You see, if either thing happens, they're all fucked (this is for those of u who thinks somebody is actually planning such).
4) The Patriot was a great movie, I enjoyed it. I hated that fucking Red Coat who was burning down churches. I think Bubba even talked about him one day.
The world will allow the dollar to collapse once they have converted enough of their USD reserves to Euros or other commodities like Gold. It is a slow process, but will happen eventually. They are doing it now, but on such a small scale as not to disrupt their own economies very much. The wave the U.S. has been surfing since the end of WWII is on the downslope and will come crashing down if things aren't changed real soon.
Every fiat currency ever created throughout history has failed, the dollar will be no different. The dollar is especially compromised because we have forced the entire globe to hold USD's to purchase their oil. When these countries finally decide to exchange large amounts of USD's for other currencies like the Euro, and essentially "pull the plug" on the dollar, we're finished.
When you see guys like George Soros and Warren Buffet moving most of their wealth out of USD backed assets, you know something is up.
The best economy in the world, but we need 2-3 billion a day in foreign investment just to sustain ourselves. Does that make sense?
Should be interesting to see what happens when the $50 trillion in entitlements like medicare and social security becomes due in the upcoming decades. The dollar will be in tip top shape by then
http://www.house.gov/paul/tst/tst2007/tst030507.htm
Every fiat currency ever created throughout history has failed, the dollar will be no different. The dollar is especially compromised because we have forced the entire globe to hold USD's to purchase their oil. When these countries finally decide to exchange large amounts of USD's for other currencies like the Euro, and essentially "pull the plug" on the dollar, we're finished.
When you see guys like George Soros and Warren Buffet moving most of their wealth out of USD backed assets, you know something is up.
The best economy in the world, but we need 2-3 billion a day in foreign investment just to sustain ourselves. Does that make sense?
Should be interesting to see what happens when the $50 trillion in entitlements like medicare and social security becomes due in the upcoming decades. The dollar will be in tip top shape by then
http://www.house.gov/paul/tst/tst2007/tst030507.htm
A few observations
1) The US does have the strongest economy, I'm not even sure how this can be debated. Then again, some people think we attacked ourselves on 9/11. And some still actually believe our education system ain't broke ( wow, I really digressed with this one, eh? :thumbsup
2) A weak dollar ain't bad. We'll tend to import less and buy American. It actually helps our economy, and I'm a thinking the proof is in the pudding already.
3) The world cannot allow our dollar or our economy to collapse. You see, if either thing happens, they're all fucked (this is for those of u who thinks somebody is actually planning such).
4) The Patriot was a great movie, I enjoyed it. I hated that fucking Red Coat who was burning down churches. I think Bubba even talked about him one day.
Let me first say I don't think a weak dollar is a good thing long term for this country.
Secondly the dollar index is a better proxy than the Euro which is a new currency. If you use the basket, the currency was lower in '93. It actually would have been 1.45 adjusted so we have a bit to go to get there...But make no mistake, I'm not a fan of a weak dollar.
Secondly the dollar index is a better proxy than the Euro which is a new currency. If you use the basket, the currency was lower in '93. It actually would have been 1.45 adjusted so we have a bit to go to get there...But make no mistake, I'm not a fan of a weak dollar.
This is so obvious, I cant believe educated people think otherwise for one second.
If a weak currency was net positive, countries like panama would control the world.
There are short term positives. However, the longer term negative implications of a weak currency greatly outweigh any positives.
The US dollar should be viewed as the common stock of the United States, its economy, and worthiness of its people and government.
The weak dollar is not necessarily a bad thing, and that should be obvious by now. We have a weak dollar, trending down, and our economy is strong. I'm not saying there doesn't need to be some balance, I'm suggesting it's being brought into balance now. The world is catching up to us, many nations have surpassed us in many respects. As they get stronger, we too will eventually benefit.
When our dollar is too strong, we have horrific trade deficits. Skeptics then moan "trade deficits" are going to ruin our economy, so we just move from one crisis to another.
I'll tell you what concerns me big time, the unrecorded unfunded pension liability of our social security pyramid scheme. Now that's coming home to kill us some day, unless somebody has the balls to fix it now and the lying idiots stop playing politics with it.
When our dollar is too strong, we have horrific trade deficits. Skeptics then moan "trade deficits" are going to ruin our economy, so we just move from one crisis to another.
I'll tell you what concerns me big time, the unrecorded unfunded pension liability of our social security pyramid scheme. Now that's coming home to kill us some day, unless somebody has the balls to fix it now and the lying idiots stop playing politics with it.
"Being brought into balance." By being at an alltime low against the Euro? This is much more than that and Willie you simply aren't right.
Some required reading about the situation:
But the Treasury secretaries are correct: a strong dollar is in the interest of the U.S. For starters, we live in a global world, and a weaker dollar makes America less competitive. We may be able to sell a gadget cheaper that is produced in the U.S. (because it costs less when purchased in euro or yuan); but there is little left that is produced in the U.S. Also, a weaker dollar won't rebuild industries that have been lost to Asia. Sure, profits generated abroad through services provided abroad translate to higher dollar earnings, but the positive impact may be limited to a quarterly earnings release. Just as dollar cash is less competitive when it is devalued, so is a stock price when measured in a weak currency. Foreign companies can use both their stronger currency as well as their stock prices valued in hard currencies to acquire U.S. assets and enterprises.
An additional problem may be developing with the price of oil. Oil producing countries have traditionally denominated transactions in dollars because of the dollar’s strength and relative stability. Use of dollars has thus allowed such countries to set their dollar target price per barrel and regulate supply to maintain this price. However, the depreciation in the value of the dollar has required the Organization of Petroleum Exporting Countries (OPEC) to increase their price above the targeted range. In addition, a report from the Bank for International Settlements found that OPEC countries are increasingly repatriating money rather than keeping dollars or exchanging dollars for euros. The implications of higher oil prices for the economy and/or the decreased OPEC demand for the dollar have a potential, tremendously negative effect on the value of the dollar.
That is so ridiculous it doesn't deserve a response.The greenback will always do just fine, as long as it remains the worlds major reserve currency.
Pounds sterling used to be backed by the Royal Navy and Gold.
Your Dollar is backed by the USN and F-16s.
We'll all be dead and gone before the greenback goesup.
Seventy years ago when people really did have fuck-all you would get guys wandering around with those billboards you can wear.
The end of the world is nigh
Nowadays folk actually have something to lose, a teeny bit of wealth. Couple that in with the rise of Liberal ideals and the demise of religion and our new chicken-little doomsayer culture revolves around money.
The end of being rich is nigh
Boil the BS off and what have we got?
The same old psychology.
me-me-me-me-me-me-me-me-and-my-insecurities.
The end of the world is nigh
Nowadays folk actually have something to lose, a teeny bit of wealth. Couple that in with the rise of Liberal ideals and the demise of religion and our new chicken-little doomsayer culture revolves around money.
The end of being rich is nigh
Boil the BS off and what have we got?
The same old psychology.
me-me-me-me-me-me-me-me-and-my-insecurities.
Since our dollar was always strong and our economy was by far the most powerful, the economic balancing act will bring the dollar down. And when that happens, it will reach new lows. Holy fucking cow, no shit!
Here's reality.
Dollar going down, plummeting, reaching new lows
and
Unemployment is low
interest rates are low
inflation rates are good
the market is surging
the deficit is decreasing
Right, the weak dollar is just fucking killing us. :banger:
Here's reality.
Dollar going down, plummeting, reaching new lows
and
Unemployment is low
interest rates are low
inflation rates are good
the market is surging
the deficit is decreasing
Right, the weak dollar is just fucking killing us. :banger:
Unemployment is low
Ain't that a fact - I can't find competent people to fill a few administrative positions.
the market is surging
All of those IRAs and 401Ks hard at work - retirement looks good.
interest rates are low
I bought my first house back in 78 for 9% interst - I sold my first house (transferable VA mortgage) and bought my second house at 15 7/8% interst in '82. I refinanced two years ago for 5.625%
inflation rates are good
Makes sense - interest rates follow inflation rates - low inflation = low interest.
the deficit is decreasing
Tax receipts are up due to the great economy - but the Democrats aren't going to renew the tax cut - giving us a tax increase, so you can expect the deficit to start growing agin.
You're right Willie - that failing $ is killing us.
But have no fear, the Democrats will figure out a way to destroy this great economy - that's their history.
