Facing the Economic Crisis in New Zealand
Uploader Comments (bryanpepperell)
All Comments (7)
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@izzyizod Dollar is rising because of the Europeans flight to US treasuries. It is coming to an end right now, plus the FED is going to begin inflating the monetary base, so we are at the best time right now to sell out of the dollar.
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USA dollar goes up when stocks go down, people deleveage from stocks into dollars causing short term strength. Another crash (stocks) coming 09 as retail sales drop to lowest levels in 60yrs in the US.A 1% decline per month at the highest level in great depression. In the last 4months its been 10x faster. Twice the dept of depression, no surplus,and a 70% consumer based economy, Look up Baltic dry index to see how economy is doing vid on u tube
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Bryan - the NZ$1 is .54 to U.S.$1?? That's huge! Are there local press links you could post for us?
I don't see a subscription on your channel to kdenninger - a wonderful economics vlogger! Here is his latest from the week-end, warning that we should be watching the $1 value against the Japanese Yen AND the Euro(Yen dropped to 93cents for a time yesterday!) /watch?v=3-_-IKcoULE
You may also want to see Karl's "masked financiers" vid; Halloween spoof on the failures of Paulson & Co.
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USA sells Arms and Software, motorcycles and cars to name a few things and nuclear plants and drugs and food. Come,come America sells all sorts of things to the world!!!
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You're forgetting one thing Bryan, there are no US products left to speak of :(
Its as tho the Banking Elite dont want anyone buying US goods& products by running their dollar up to untouchable levles. I dont do E-bay anymore because of high US dollar. Going by the current US financial troubles, their currency shouldve plummeted against ours but its gone the total opposite way?! -confused
chevyvictor 3 years ago
Glad you mentioned that as we have spent some time thinking about why the USd hasn't crashed. Possibly the only reason for it holding up is the belief (myth) that America is the only country that can solve the problem-We are confused also. I'm sure George said it would crash. We certtainly agree with you Chevyvictor.
bryanpepperell 3 years ago
I do not understand why the dollar has gone up! I am so confused!! I thought it was going to tank.
izzyizod 3 years ago
Yes we agree but it may come down yet and surely logic will dictate sooner or later.
bryanpepperell 3 years ago