US Dollar plunge could lead to full-blown financial crisis

The Straits Times ^ | 01.17.04 | William Choong

[Jaysun]

Wierdo alert.


What should we do?

[Edmund Burke]

The Congress will have no other choice but to repudiate the debt.

[dr_who_2]

You should get lost.

[Beck_isright]

"It's a new golden age for Zimbabwe!"

I hate to be the right wing version of the PC police, but that nation is still "Rhodesia" in my books. Zimbabwe is just the communist fantasy state created by that murderer.

[DoctorMichael]

Bump.

[Jaysun]

You should get lost.

I'm no weirdo you assrabbit. I'm a sleep deprived nut-case at the moment, but not a weirdo. My wife just had twins 2 hours ago.

[Last Dakotan]

Oh yeah, the Asians are afraid that we'll suddenly start creating jobs. Good one.

So you don't believe the major Asian economies are actively participating in America's de-industrialization to their own benefit?

[imawit]

Once again, thanks a lot.

Looks to intense for me. I'd wind up never eating or sleeping.

Like to invite you to chat with us daily on the market wrap up posted by arete. Send him a note to put you on the daily wrap up ping. In my study and trading of gold and silver equities I'm always watchin currencies. It's an integral part.

[Jaysun]

So you don't believe the major Asian economies are actively participating in America's de-industrialization to their own benefit?

Not to but in, but China and Japan have been manipulating their currency to keep it low in relation to the dollar. That way their trinkets and fireworks will be even cheaper when they hit American soil. A lower currency in Asia also makes for even lower wages compared to the dollar, and they've used that to help draw in jobs. President Bush met with them last October. Both said "no" to his proposal that they just let the market determine the currency values.

[the invisib1e hand]

Absolutely. It's worked great for Argentina!

this isn't argentina, toto. does everyone think in extremes?

[sarcasm]

Congratulations.

[Jaysun]

Like to invite you to chat with us daily on the market wrap up posted by arete. Send him a note to put you on the daily wrap up ping. In my study and trading of gold and silver equities I'm always watchin currencies. It's an integral part.

I'll do that. Maybe we can trade information that will help both of us out. By the way, you do know that gold and silver have a giant SELL stamp on them? I don't presume to know your business, but I do know that they should both be going down in value. Thank you sir. I look forward to talking with you, arete, and the other guys.

[Jaysun]

Thanks sarcasm. Two little girls - or "split tails" as my Great-Granfather calls them. Yes, the Greats are all still alive. The people in my family usually live into their 90's. My job is to take Gramps for some dinner, allow him to get dressed for pictures, and take him to see the girls. He's somewhat particular about what he eats. If it's too his disliking (which isn't too often) he goes into this tirade about how this could very well be his last meal and blah blah.....I didn't mean to go into a rant. Thanks.

[dr_who_2]

That's nice. Do us both a favor, unplug, and attend to your wife.

[Orangedog]

does everyone think in extremes?

The people in Wiemar Germany didn't...for a time. Got wheel-barrow?

[Orangedog]

Congrats...your first?

[Last Dakotan]

China and Japan have been manipulating their currency to keep it low in relation to the dollar

Yep, that's how they do it. Add Taiwan and South Korea to your list. Bush's response to this stonewalling was telling.

[Jaysun]

Congrats...your first?

I have two boys as well. However, this is my first (and last) pair.

[the invisib1e hand]

The people in Wiemar Germany didn't...for a time. Got wheel-barrow?

ooookay. i gotcha.

[B4Ranch]

Congratulations Dad