Dump Your Dollars NOW!

CHRONWATCH.COM ^ | NOVEMBER 29, 2004 | NOEL SHEPPARD

[TheErnFormerlyKnownAsBig]

Dump 'em in my wallet.

[bigj00]

NO!! send them to me

[TheErnFormerlyKnownAsBig]

Sorry you're too late.

[Pro-Bush]

Only a DUmmy would dump the dollar. The rule is to BUY low and SELL high. Buy dollars and support America! Selling now would be a loss for the investor holding US paper notes. I say look long term and hold on to the dollar and wait for the Euro to fall before thinking of selling out the dollar.

[Moose Dung]

Ping!

[kingu]

Why shouldn't the value of the dollar drop? We're buying too many imports, we're selling too few exports. The debt is huge. So, yeah, the dollar is worth less today than it was yesterday, and tomorrow it will be worth less.

Yeah, you can make money playing the currency markets, or even better yet, consider what you're purchasing this holiday season. Buy from small businesses who generally can't afford to bring in huge imports, buy American where you can, and you never know, that dollar might actually start to go up...

Or maybe it'll just keep dropping like a rock, because no one will care about the future economic health of the country as a whole on a personal level, and they'll call on the government to do their job.

[Petronski]

Panic! Now!

[jpsb]

What a joke, this guy is totally clueles.

[endthematrix]

"Why, by interweaving our destiny with that of any part of Europe, entangle our peace and prosperity in the toils of European ambition, rivalship, interest, humor, or caprice?" George Washington FAREWELL ADDRESS (1796)

[broadsword]

LOL!

I can always count on you, my friend, to hit the nail on the head with biting sarcasm.

[overtaxed_canadian]

It's pretty much a fait-accomplit that the USD will continue to drop in value in comparison to commodities, especially gold. As the Chinese being to decouple the USD from the Yuan, this process should accelerate.

However, the USD's valuation in relation to other currencies such as the CAD and Euro may not decrease as rapidly, as other economies attempt to manipulate their respective fiat currencies.

[Petronski]

thx

[endthematrix]

"Is a weak dollar a bad thing for our economy or our nation? In reality, the answer is NO. "

No. He's right on.

[Arkinsaw]

[clee1]

That advice MIGHT make a small modicum of sense IF you are a currency trader or do alot of international travel/business.

A weak dollar is only critical when you MUST buy imported items. There is nothing we NEED which MUST be bought overseas.

OK, I hear the snide out there saying "Oh yeah? What about OIL, smart@ss!"

We have plenty of untapped oil here in the USA. The reason we buy it overseas is that it is cheaper to buy it there and ship it here than it is to pump it up from our own soil. That is due to union and environmental blackmailers that jack up the costs.

When the dollar falls far enough, it will be once again cheaper to drill/pump it here, with a corresponding rise in employment and the general economy.

[ironmaidenPR2717]

I'm pretty much ignorant when it comes to global economics. What Sheppard said seemed to make sense to me, but now you made me think maybe I'm missing something. Could you fill me in on why you think he's clueless?

[Lijahsbubbe]

LOL. A man after my own heart!

[DB]

Translation: When the banks give it away it loses its value...

[jpsb]

he has completely missed the point, a weak dollar is not a desease, it is a symptom. At symptom of a ecomony badly out of balance.

I have been thru this to many times on too many threads and it is getting late. Go read any of the many other threads on the dollar or older threads on trade policy. Sorry don't meant to be crude, just tired.