Steve Forbes - The Weak Dollar and the World Economy

[psusac]

This guy is not an economist, and economists don't even agree with each other. Why should we believe him?

He's very rich. He's on that stage because he is a powerful man with an agenda. What is his agenda and why should we trust him?

He might believe what he's saying and he's probably a very nice man. But there is no reason to give his opinion any more weight than any other lay person, and there is no reason to trust his agenda.

[psusac]

Here is why this is all bullshit - economic theory is used by people with an agenda to promote their economic agenda, thereby changing the economy.

Economic theory changes the systems it is trying to predict.

It is used by the powerful to rationalize and justify their acquastion of power. The economy is complicated. Anyone who tells you that they know how it works is lying. The best they can do is make educated guesses and judgment calls.

[pepintheshort100]

Nice guy. I always liked him.

[hodoprime]

Initially, printing money creates more investment, not less. Although this is more malinvestment than actual wealthbuilding so this is the biggest reason behind the boom- bust cycle.

[LedZepfan122]

steve forbes is a bitch

[bvagasky83]

@LedZepfan122 You sound intelligent (not really).

[LedZepfan122]

@bvagasky83 whos gonna laugh at your comment? nobody. so then that means you look for comments like mine and make fun of the author, oh real funny, you must have a phd in being a fucking douchebag, go look what he did to Rage Against the Machine on SNL you fucking cunt

[bvagasky83]

@LedZepfan122 Is coherancy a bit too much to ask for? I love how tough people are on the internets. Ah, well, what can you do?

[LedZepfan122]

@bvagasky83 you sound like a fag.

[brianlaesch]

Steve Forbes for President. What do you think, Internet?

[brianlaesch]

Steve Forbes for President. What do you think, Internet?

[EvenKeelMedia]

Catch other interviews with economic and commodity experts on Industry Watch hosted by syndicated radio show host Al Korelin on EvenKeelMedia

[jefri53]

But he missed the point, and he is not supporting the US$.

The fact tht tht the FEDs are still printing US$ and charge interest to the US govt and country is killing the US$, he conveniently circumvent and indoctrinate the pple tht american Intel & Starbucks can prosper in present enviroment.

The other fact is that these corps are now multinational n do not need a stable US$ to prosper. Their assets and liquidity may not even be US$ based.

[blackle4ps3]

US wasting money trying to hide the radioactive waste storage problem,as ukraine mines drool with uranium,seemingly ukraine needs money and the world needs a global secure waste site,any leaks over there would only blend with the landscape

[hoodoo961]

Good point about the chip industry, but he needs to remember that exports improve when the domestic currency devalues against our trading partners.

[hoodoo961]

Did he say that people hold dollars when they decline in value to "see what will happen" and get rid of them when they are appreciating in value? That is laughable. Sheerly laughable. Who the hell wants to hold something that is declining in value? This is the problem when businessmen try to explain economics, people think its the same thing when only economists can explain real economics.

[hoodoo961]

Weak dollars= recovering employment.

[uturniaphobic]

maybe you stiff-shirts should GET NICE with the economy. Be human? ring a bell?

to you the "consumer" is just another number to fiddle with. While lives are smashed in your wakes, you pat each other on the back. you're pathological!

[phonedial9]

Don't bother scrolling down, just another bunch of armchair economists here.

[sysopkc]

Although I think his examples are cherrypicked and ill conceived. Stabucks coffee is some of the cheapest, worst coffee on the planet, consumed by the most uninformed consumers. And anyone that thinks technical innovation in a non production capacity enviorment is ... well out of their minds. 2000 years of history has show this as absurd. They simplistic answer to a multi faceted, socialtal problem. Very, very cherry picked statements and a bit "fitted" but no worse than any other politician.

[cgagemorse]

you are sure right about Stabucks. terrible coffee...i just don't get it.

[sysopkc]

Iike Steve Forbes, I think he is a sharp guy BUT based on alot of what he has said, and events that have taken place since until now (June 14,09 foday) What he has predicted has been wrong. Although I agree with his statements here. Although I think Marc Faber has a better take on the future direction and timeline of our currency.

[adaboy65]

I love steve. He's my hero!

[mreisma]

when it comes to economics, the only person i trust is peter schiff.

[cifey]

He should stand outside the capital on a stool and talk about tightening the monetary policy for 16 hours a day. Innovation will come, but it's pointless if we don't have trust in the financial system.

[swixican]

he's mccains econ advisor I hope Mac picks him for Sec of Treasury... its a shitty hand of cards but Forbes can handle it and he's not a rich selfish asshole and if anyone tries to argue that he is; odds are they smoke pot while reading NYT

[Cubicleboy04]

Inspiring. Those are the first positive comments I've heard about the U.S. in a long time. Thanks.

[jfnuyen]

I agree with you on that one. The more people talk negatively about the U.S., the more people will respond in line with that thinking. As they say; ideas have consequences. I get sick and tired of all the people who keep pushing the idea that the U.S. will go down. I fully believe in Mr. Forbes' concept of trying to keep the dollar strong. I will listen to his inspiring words any day, over the doom and gloomers.

[gobz11]

Excellent! Really interesting, I wish it went on longer!

[gobz11]

Excellent! Really interesting, I wish it was longer.