Weak dollar is partly the consequence of military bandwagon of George W. Bush. Like Johan Galtung said 6 years ago that in 2020's USA have lost it's superpower dominance.
And what then? Things perhaps start to get better for ordianary US citizens. Making war is damned expensive hobby.
we will never have a strong dollar until we find a way to get out of the massive debt we are in. the bailouts are not going to work, except to drive up the national debt. we could also bring the jobs that are oversea back here, so people will start buying from us, lowering the deficit, strengthening our currency.
problem is that america's main philosphy is to let the market be how it is (low government influences)
yet that will make many jobs lost and go overseas to cheaper placees. in europe, there are HUGE amounts of money spent to subsidize firms so they stay in europe. yet in the long run i think it works out, cause we can keep our job, and our world-market position
How about, we make Science and Tech our #1 priorities again, cut spending on that stupid war, balance the budget, and invest in Nuclear/Solar/Wind/Geothermal/Hydrogen power? Oh, and we keept NAFTA and free trade. We can invest in coal too.
That way, while we're self reliant on renewable energy, we can export coal to the chinese and arabs and put embargos on THEIR asses
Yes, a good solution, and who will have enough courage to do this? Bush most certainly not, because his latest tax break program is not really helping you paying off debt. Au contraire...
Yes, You're right; many stores in London have had for over ten years, the same type of cash registers that are used in the United States, which are able to process foreign currency -for example, the United States Dollar.
.
It is easy to see how convenient this facility is for long-term resident foreigners, who may for example have rental income in the United States which can be spent directly when presenting a US$ debit card at the point of sale.
You mean dollar costs 101 cents now? Wow. You really sound like an economist :-) Im hlad to hear that "nothing is happeening other than cyclical flows" from such an expert. Oh and btw I see this was written about 2 months ago. Dollar got even lower during those two months and it keeps on falling.
Dear Pe., Thank you for your comment; you really do have a keen interest in the subject, and your use of the terminology is masterful. . Hope you will continue with this interest and perhaps find a public course of study that will develop your interest. . The world needs more analysts. N.B. The dollar v Sterling (my interest) has not changed in two months, but 30 day C.D's etc. rates, have fallen since then. Cheers. from, del-boy.
1) You are uninformed (then, pls, stop writing false facts).
2) You lie.
Cheers.
p.s. You still didnt explain your statement that dollar went up about a cent, this statement proves you really have no idea what you are talking about.
Thank you for correcting my data in my reply to your comment.
.
I am surprised that seeing as you know all the facts, why you are so anxious about any one currency or ecconomic situation; with so much information aren't you able to see a picture which incorprorates the data and still appears Real or normal?
.
Just wondering; do please let me know if you are not too busy.
In the last message p.s. you asked me to elucidate the fact of the dollar having increased in value by one cent; I can only repeat that that is in fact what happened; one would have had, as though a cent more, than the previous time frame, that was used in my comparison, that morning.
The figures were from my newsagent; re-phrase you question if you feel your inquiry is not answered.
Just curious. Don't send money overseas, don't buy from corporate American...haven't seen a lot of Mom and Pop factories building refrigerators and cars. Your solution to this dilema?
Overseas, wherever that is, is no good place to put money; when there is big demand for cash, you can put it in the local bank and get a good rate -better than what this mumser suggests.
The Handwriting is on the wall. AMERICA is over. You cannot prevent the DOLLAR crash from going down the drain. The world is pulling the plug off America's economy.
So if we have higher prices on imported goods, wouldn't that mean American goods created by Americans would be cheaper? Isn't that a good thing?
Plus, it punishes China for keeping its currency pegged to the dollar. Everything we get from China (and that is a lot of crap) has no change in price. So it screws Europe...big deal.
A weak dollar is your worst nightmare. America has destroyed its manufacturing base whilst simultaneously bloating its debts beyond a the point where they can be paid back. The dollar is collapsing. American manufacturers must import raw materials.
It is pegged to a basket of currencies including the US dollar, Euro, Japanese Yen, and others. In fact, the Yuan rises against the US dollar (4% January-October 2007).
They will be cheaper for how long??? If American manufacturers see their competitions' price go up they will jack up their prices too, I mean why not when u can make more money? And, where do you get those materials used to make those "American" goods? WE IMPORT. Dunno about u but I drive Honda, owns Samsung cellphone, use Asus motherboard, have Ikea furnitures, wear H&M Zara clothing(which I bet are all made in China) so when dollar drops, I'm gonna make more debt on our economy.
You're part of the problem, not part of the solution. Why don't you buy your children (or future children) lead tainted toys to ensure your bad DNA ends.
Make sure you look at interest rates on that Euro CD. Also, do you think the Euro will rise more and dollar fall even more?
When the dollar falls, gold usually rises. That's a fact, and something this article didn't mention at all, either.
Best thing to do is invest in a good overseas stock and get all the benefits. (Make sure they don't export much to the USA.) Or invest in an american stock from companies that make huge bank from exports.
we're pretty much playing Monopoly at this point
so many dollars printed and waiting to pounce.
thanks for the vid!
uturniaphobic 2 years ago
Weak dollar is partly the consequence of military bandwagon of George W. Bush. Like Johan Galtung said 6 years ago that in 2020's USA have lost it's superpower dominance.
And what then? Things perhaps start to get better for ordianary US citizens. Making war is damned expensive hobby.
tranmere789 2 years ago
we will never have a strong dollar until we find a way to get out of the massive debt we are in. the bailouts are not going to work, except to drive up the national debt. we could also bring the jobs that are oversea back here, so people will start buying from us, lowering the deficit, strengthening our currency.
kdawg7736 3 years ago
problem is that america's main philosphy is to let the market be how it is (low government influences)
yet that will make many jobs lost and go overseas to cheaper placees. in europe, there are HUGE amounts of money spent to subsidize firms so they stay in europe. yet in the long run i think it works out, cause we can keep our job, and our world-market position
SchwarzundWeis 2 years ago
remember! we just try to help!
Long live Freedom and Democracy and Nukular Jesus!
jetplane2006 3 years ago
Invest it overseas so we can steal it!!!
GO FOR IT!!!
jetplane2006 3 years ago
invest overseas? Are you Fing kidding me??
How about, we make Science and Tech our #1 priorities again, cut spending on that stupid war, balance the budget, and invest in Nuclear/Solar/Wind/Geothermal/Hydrogen power? Oh, and we keept NAFTA and free trade. We can invest in coal too.
That way, while we're self reliant on renewable energy, we can export coal to the chinese and arabs and put embargos on THEIR asses
mrperez666 3 years ago
Yes, a good solution, and who will have enough courage to do this? Bush most certainly not, because his latest tax break program is not really helping you paying off debt. Au contraire...
autofreak7 3 years ago
A bit late.
US dollar will only be interesting now as toilet rolls.
jetplane2006 3 years ago
new york stores have recently been accepting the euro.
You heard me, there are stores in manhattan that accept the euro currency on purchases.
Yup, trickle-down economics at it's best
mrperez666 4 years ago
Dear mr.,
Yes, You're right; many stores in London have had for over ten years, the same type of cash registers that are used in the United States, which are able to process foreign currency -for example, the United States Dollar.
.
It is easy to see how convenient this facility is for long-term resident foreigners, who may for example have rental income in the United States which can be spent directly when presenting a US$ debit card at the point of sale.
.
Cheers.
from,
del-boy.
EellyMayClampet 3 years ago
I don't think our country should be "America-Land."
mrperez666 3 years ago
Dear mr.,
Thank you for your response; I quite agree, what is in a name, Mexico and Canada are both also America.
.
What is Patriotism; is it myopia - would it be were Earth invaded by, ... hostile UFO's for example.
Cheers.
from,
del-boy.
HideTowerLondonSW1 3 years ago
There are some investment firms that invests in international markets. Diversify your investment to have more on international stocks.
cadillacad 4 years ago
The latest news is that the dollar went up about a cent, on good data for employment and other variables last quarter.
.
Cheers.
from,
del-boy.
EellyMayClampet 4 years ago
You mean dollar costs 101 cents now? Wow. You really sound like an economist :-) Im hlad to hear that "nothing is happeening other than cyclical flows" from such an expert. Oh and btw I see this was written about 2 months ago. Dollar got even lower during those two months and it keeps on falling.
Cheers.
Perknovak 4 years ago
EellyMayClampet 3 years ago
Dear Ee.,
Sterling/Dollar 21.1.2008 - 1.9431
Sterling/Dollar 17.3.2008 - 2.0127
Dollar went down a LOT during those two months.
source: matafDOTnet
Possible explanations:
1) You are uninformed (then, pls, stop writing false facts).
2) You lie.
Cheers.
p.s. You still didnt explain your statement that dollar went up about a cent, this statement proves you really have no idea what you are talking about.
Perknovak 3 years ago
Dear Pe.,
Thank you for correcting my data in my reply to your comment.
.
I am surprised that seeing as you know all the facts, why you are so anxious about any one currency or ecconomic situation; with so much information aren't you able to see a picture which incorprorates the data and still appears Real or normal?
.
Just wondering; do please let me know if you are not too busy.
cont...
EellyMayClampet 3 years ago
...cont.
N.B.
In the last message p.s. you asked me to elucidate the fact of the dollar having increased in value by one cent; I can only repeat that that is in fact what happened; one would have had, as though a cent more, than the previous time frame, that was used in my comparison, that morning.
The figures were from my newsagent; re-phrase you question if you feel your inquiry is not answered.
Cheers.
from,
del-boy.
EellyMayClampet 3 years ago
Yes strengthen your knowledge, as he says at the end.
.
definately don't do what he says ... "put your money overseas, then bring it back later, when the dollar appreciates.
.
where would your money be now -if it would be better to do that?
One wonders.
cheers.
from,
del-boy.
SSsiemianowice 4 years ago
This bloke in the vt., says spend a few hundred on a CD in another country.
.
It would be better to put a hundred down on a car and go to San Jose; as Burt Bacharach says.
.
In a week maybe two the will make you a star -in San Jose.
.
The man in the vt. doesn't mention entry and exit fees; and for such a small amont even bank charges would % in as too high.
cheers.
from,
del-boy.
EellyMayClampet 4 years ago
Higer prices do not automatically mean inflation.
.
There will be no "higher prices" with the realestate market in collapse; there will be reduced spending on imports.
.
Nothing is happening -other than cyclical flows.
Cheers.
from,
del-boy
EellyMayClampet 4 years ago
THIS IS BULLSH*T. Invest over seas wont do anything! Secure our homeland and produce something.DONT BUY FROM Corporate America!!!
AltVisual 4 years ago
Just curious. Don't send money overseas, don't buy from corporate American...haven't seen a lot of Mom and Pop factories building refrigerators and cars. Your solution to this dilema?
JLBrok 4 years ago
Dear Al.,
Yes, you are right; you're absolutely right.
.
Overseas, wherever that is, is no good place to put money; when there is big demand for cash, you can put it in the local bank and get a good rate -better than what this mumser suggests.
.
Cheers.
from,
del-boy.
Rregistrarse 3 years ago
glad that i live in europe:D
NL59FIFTY 4 years ago 2
The Handwriting is on the wall. AMERICA is over. You cannot prevent the DOLLAR crash from going down the drain. The world is pulling the plug off America's economy.
athansky 4 years ago
What kind of prick put this article together?
So if we have higher prices on imported goods, wouldn't that mean American goods created by Americans would be cheaper? Isn't that a good thing?
Plus, it punishes China for keeping its currency pegged to the dollar. Everything we get from China (and that is a lot of crap) has no change in price. So it screws Europe...big deal.
badsysop 4 years ago
A weak dollar is your worst nightmare. America has destroyed its manufacturing base whilst simultaneously bloating its debts beyond a the point where they can be paid back. The dollar is collapsing. American manufacturers must import raw materials.
andeeh 4 years ago
The Yuan is not pegged to the US dollar.
It is pegged to a basket of currencies including the US dollar, Euro, Japanese Yen, and others. In fact, the Yuan rises against the US dollar (4% January-October 2007).
xieuling 4 years ago
Wow. Disinformation from the chinese right here on youtube! I feel special.
badsysop 4 years ago
They will be cheaper for how long??? If American manufacturers see their competitions' price go up they will jack up their prices too, I mean why not when u can make more money? And, where do you get those materials used to make those "American" goods? WE IMPORT. Dunno about u but I drive Honda, owns Samsung cellphone, use Asus motherboard, have Ikea furnitures, wear H&M Zara clothing(which I bet are all made in China) so when dollar drops, I'm gonna make more debt on our economy.
amsd1231 4 years ago
You're part of the problem, not part of the solution. Why don't you buy your children (or future children) lead tainted toys to ensure your bad DNA ends.
badsysop 4 years ago
Where can you get a Euro CD? I called 4 banks. None offer a foreign CD.
Led7Zepp 4 years ago
Make sure you look at interest rates on that Euro CD. Also, do you think the Euro will rise more and dollar fall even more?
When the dollar falls, gold usually rises. That's a fact, and something this article didn't mention at all, either.
Best thing to do is invest in a good overseas stock and get all the benefits. (Make sure they don't export much to the USA.) Or invest in an american stock from companies that make huge bank from exports.
badsysop 4 years ago