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Thread: The demise of the dollar

  1. #1
    Senior Member Hoosier's Avatar
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    Default The demise of the dollar

    http://www.independent.co.uk/news/bu...r-1798175.html

    So how much of an impact will this have on the US economy, and what is Obami doing to stop it?

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    Senior Member YardleyLabs's Avatar
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    Quote Originally Posted by Hoosier View Post
    http://www.independent.co.uk/news/bu...r-1798175.html

    So how much of an impact will this have on the US economy, and what is Obami doing to stop it?
    There is only one way to prevent the dollar from being replaced as the world's reserve currency over the next decade and that is to stop the rapid currency devaluation that has been going on for the last 8+ years. Among other things, this will require bringing our budget close to balance and dramatically reducing our trade deficit. Clinton helped a lot. Bush was a disaster and Obama is following in Bush's footsteps.

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    Senior Member Franco's Avatar
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    Quote Originally Posted by YardleyLabs View Post

    Bush was a disaster and Obama is following in Bush's footsteps.
    I am delighted that you realize that as well. However, the pace at which Obama is spending will make Bush's spending look frugel.

    Along with the devaluation of the dollar, inflation will hit us harder than it ever has.

    In terms of price of oil not being on the dollar, much of that has to do with the hostility the current administration has towards energy producers. If it continues, none of the major oil companies nor the business that support them will be located in the USA. Dubai is luring major oilfield construction companies and exploration companies from the USA to Dubai.
    It's such a shame that in the USA, defending Liberty has become such a heroic deed.

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    Senior Member Bob Gutermuth's Avatar
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    Osama couldn't even get the Olympics for Chicago, what would he possibly do to stop the international wrecking of our currency. jaw the other countries to death?
    Bob Gutermuth
    Canvasback Chesapeakes
    ROLL TIDE!

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    Senior Member Goose's Avatar
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    If we really want to stop the destruction of the dollar we should line up all the central banksters and keynesians and shoot them. Get rid of the bums...worldwide.

    Our Dear Leader couldn't care less about currency debauchery. Like a good marxist Obama realizes this is the best method to overturn the existing basis of society. It's what he wants.

    We live in Cuba now.

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    Senior Member road kill's Avatar
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    Quote Originally Posted by YardleyLabs View Post
    There is only one way to prevent the dollar from being replaced as the world's reserve currency over the next decade and that is to stop the rapid currency devaluation that has been going on for the last 8+ years. Among other things, this will require bringing our budget close to balance and dramatically reducing our trade deficit. Clinton helped a lot. Bush was a disaster and Obama is following in Bush's footsteps.
    My biggest complaint with Bush was his allowing the devalue of the US $ to support the Euro when it was struggling.
    It has never fully recovered.


    http://www.ft.com/cms/s/0/08ca4832-b...44feab49a.html

    Notice Miss Sarah taking "the Obama" to school!!
    Last edited by road kill; 10-08-2009 at 08:32 AM.
    Stan b & Elvis

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    Quote Originally Posted by road kill View Post
    My biggest complaint with Bush was his allowing the devalue of the US $ to support the Euro when it was struggling.
    It has never fully recovered.


    http://www.ft.com/cms/s/0/08ca4832-b...44feab49a.html

    Notice Miss Sarah taking "the Obama" to school!!
    If that is your biggest complaint, then you really weren't paying very close attention

  8. #8
    Senior Member road kill's Avatar
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    Quote Originally Posted by mjh345 View Post
    If that is your biggest complaint, then you really weren't paying very close attention
    Could be.......could be you don't understand the scope of that move.
    Stan b & Elvis

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    Devalue of the dollar isn't always bad. It may mean that we will start exporting more than we import, and jobs will start moving back to the USA since shipping costs, and buying international will cost more now. I am already seeing some of this with my vendors.

    Also, we are probably moving towards a global currency which will cut out the money exchangers making commisions on converting one currency to another.

    We are in a global economy now, and there will be flux, winners, and losers.
    Terry Britton, P.E.

    Engineers believe that if it isn't broken, it doesn't have enough features yet.

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    Senior Member dnf777's Avatar
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    Quote Originally Posted by Goose View Post
    If we really want to stop the destruction of the dollar we should line up all the central banksters and keynesians and shoot them. Get rid of the bums...worldwide.

    Our Dear Leader couldn't care less about currency debauchery. Like a good marxist Obama realizes this is the best method to overturn the existing basis of society. It's what he wants.

    We live in Cuba now.
    This is your third or fourth post recently where you advocate killing people to solve problems.

    Those people that wait until they get up to the register before looking at the menu for 5 minutes at McDonalds really annoy me. Do you have any suggestions? Oh, and those old men that drive down the road with their turn siganal on? Are they fair game?
    God Bless PFC Jamie Harkness. The US Army's newest PFC, but still our neighbor's little girl!

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