Skip to comments.Is the dollar beginning it's decline?
Posted on 05/04/2009 1:13:38 PM PDT by mikelets456
Is this the VERY beginning of the downward spiral of our currency? I am beginning to notice that the Euro and Pound are going up daily. The Euro was at 1.23 now at 1.35 and the Pound previously 1.36 to 1.50...is this the beginning of inflation? Oil rising as well...this could be the tip of the "turd" ready to erupt. Hey, printing all that $$$ will eventually have consequences, there really is no escape from that. Never in the history of man kind has "throwing money" at a crisis helped...NEVER!
All the metals were up today, energy was up, the Euro and the Sterling were both up. So maybe.
In the short term you're probably right. In the long term, not so much.
the UK Currency is going down as well. Their problem is worst than the US at moment. plus they dont have the advantage of having their currency as the reserve currency.
I held tight when it was all going into the crapper.. Just seems like the same careless money lending is happening again.. It won’t end well this time, either.
Obama may well screw up foreign policy stuff enough to let Iran get nuclear weapons, and five or ten years from now a million or more people may fry in consequence. He can be a disaster of that sort. But capitalism isn't going to roll over and die because he isn't as conservative as the Cato institute, and betting the movement on that happening was and always will be, dumb as rocks.
Don't make the Dem mistake of betting against America... and don't conceed to Dems, victory if American succeeds. America will succeed, small thanks to them, and never let the people forget it.
Over half of this country will passively watch as Obama plays Hugo Chavez II. If nothing is done, it won’t be business cycles as usual.
It may have. I’ve bet on the dollar’s demise personally.
Of course, it may go back and forth over the next couple of years, but the trajectory is down. Below 80, I’d get out completely.
Inflation is dead, kid. D E A D.
They’ve been searching for inflation since 1989 in Japan...can’t find it.
Won’t find it here for years, either. Maybe longer.
You’ll see lots of people continuously promising you that “it’s just around the corner.”
Inflation isn’t even close.
I used to listen to Bob Brinker. Maybe it was me, but it seemed he talked alot but never said anything.
That's a good thought. The Dems didn't credit Reagan/Bush Sr. for the Cold War ending on their watch or feel any compulsion to reelect Bush Sr. as a result, and we don't have to credit the Dems should America pull herself out of this recession.
We were rather PO’d that he recommended Ginnie Maes as dead solid, and then they died.
“...It doesn’t end, there is never any “end”. It is a normal economic cycle, it busts and it booms....”
I guess printing trillions of $$$, allocating billions to “pork projects”, lying and ready to spend another 3.7 trillion will have no consequences? You call this a NORMAL business cycle?
This will change the course of American history...come on!
Well, I get more of an economics lesson than anything else, although his guests are often interesting.
Once upon a time, conservatives has a better sense of proportion and hard nosed realism than flighty hysterical liberals and their doom mongering panics. Apparently something got into the water and you have all lost your marbles...
Now that our beneficient government has re-defined inflation, they can also take a moment and re-define re-distribution, taxes, government spending, growth of government, loss of freedom, and all the rest.
That way, we are living fat and happy because daddy o-bomber will take care of us.
Since when does printing more money NOT mean inflation?
That is the definition that most of the intelligensia use, so why not you, too?
Printing 4 trillion dollars + of currency (even if it’s electronic) is not a normal business cycle.
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