Psst....worthless dollars are good for you.
Posted on 08/08/2007 12:41:14 PM PDT by SirLinksalot
Send your worthless dollars to me.
It will be your problem should the 'world" move out of dollars and into Euros. Might just happen. China for one a making noises. Wonder what 1 tillion dollars dumped into the international money market would do to the value of the dollar?
I think the Euro was around 0.80 then it first came out.
I don’t think so. There just seem to be a larger than usual number of idiots posting lately.
Well, it’s so bad now that I hesitate to believe that EU countries would want to make it any worse. If a tiny operator like me is ceasing to buy their stuff, imagine what the scale is for the big buyers - and what happens if they drop out. Whether Europe likes it or not, our trade is important to them, and if they keep this up, they will essentially have priced us out of the market.
They can boast and brag all they want, but if the major buyer goes away, it’s going to be a pretty hollow boast. On the plus side, of course, we might just go back to making things here again. Unfortunately, thanks to 40 years of massive abortion, we no longer have much of a labor force (we already have nearly full employment), so it’s going to be a stretch to get people into manufacturing jobs again. But we could probably do it if we had to.
Psst....worthless dollars are good for you.
If you haven’t calculated it, and you see no need to have someone else calculate it, then it wasn’t such a critical measure, was it?
It is in the sense that it is now .73
depends if you divide the Euro into the Dollar or the Dollar into the Euro
I don’t care that much about the exact inflation % other than to know that I don’t believe the official numbers. So I invest to make money off it. I know the trend, I know that dollars are being printed faster than physical assets can be produced and I know that the dollar has lost value vs most major curriencies and every commodity that I can think of.
Damned straight. Economists call it all kinds of things, from “corrections” to “depressions.” I call it recycling. You can hear the “poof” of a bubble, and the crank of the rebuild, all across American history. We’ve done this since day one.
The reason we can get away with it is that, overall, we’re allowed to buy low and sell high. Most places around the world and over history have been told what to buy, when, where, and at what price.
How amazing it is, this little thing called liberty.
But if you are making money, then I can assume you know what you’re doing. I can also assume that others know what they are doing, as well (no one’s been jumping out of windows just yet). If that’s the case, then your comment that “when the Fed stopped publishing M-3 that they didn’t want people to know how fast they were increasing the money supply” is rather odd?
Then what was with all the highways bills?
Wonder what 1 tillion dollars dumped into the international money market would do to the value of the dollar?Might sound like, "wooooosh." Or," aaaaaawwwwwwwgh!" as the rest of the world jumps from the 43rd floor. Mostly, though, it would sound like, "Thud," as all that value trapped in those dollars turns to nothing.
Their problem, not ours.
LOL, well at least that was funny. You got me, meant hare.
Ok what I meant was 80 cents would buy 1 euro when the euro first came out. now 127 cents buys 1 euro.
So, where can an American vacation in the world where the dollar can go far? Any ideas?
You want to “leave” the country? U.S. Virgin Islands, Puerto Rico . . . .
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