Dollar Crashing as Countries Sell Off!

well, war has always been 'good' for the economy

 

I'm wondering - since the dollar is barely 2% lower against the Euro compared to one year ago, what is the definition of "crashing"?

 

No, a dollar was never worth EUR1.30. It peaked at EUR1.20 in 2000 and again in 2001. And I don't think using the peak value is particularly valid - that's just a way to make the decline look big. How much has the dollar fallen against the euro in one year? 2%. How much has it fallen since the Euro was launched in 1999? 6.8%. This is not a collapse, unless you believe that in "normal" circumstances, exchange rates never move more than tiny increments.

You mean exactly like you did? I thought a one year measure seemed pretty fair in comparison.

Then why is our economy outperforming Europe and Japan's?

 

Explain to me how this makes sense. Military spending is just government spending. It has no magical properties. In fact it is less productive than other government spending, since an F-16 produces no economic benefits, whereas a bridge or a better educated citizen would produce dividends in the future by strengthening the economy, while the F-16 just sits there doing nothing.

So if it is government spending that boosts economies, Europe and Japan should be outperforming the US. Their governments spend far more than the US. But their economies aren't outperforming the US.

Why? How much Kuwaiti oil did we steal in 1991? How much Iraqi oil have we stolen this time? The answer is zero.

Yes, we've been through that already. Nobody could explain why the US didn't block the Iraqi move to Euros, since the UN controlled Iraqi exports through the oil for food program. And when the exchange opens, which I think is any day now, people are going to have to explain why the sky hasn't fallen. Because it won't. Again this is a theory which is not supported by facts.

When the euro was introduced, it fell steadily for two years, losing 30% of its value by late 2000. Not exactly "stable". Is it so hard to believe that all currencies rise and fall in relation to one another? Or is it your theory that only the US$ falls, that this is the first time it has done so, and this proves America is doomed?

 

blame the republicans.....theyv been running this country for about 50 years now.....

 

the canadian dollar's at around 90 cents us and climbing
how's the mexican currency doing?

when do we get the north american euro equivalent?

 

you know sadam hussain's decision to sell oil for euros instead of dollars was the triggering point that started the whole afghan/iraqi thing and probable the engineering of the 9/11 excuse for it.

this is interesting. by doing so rumsfield/cheney (forget bush he's just warming the chair for them) appearently really did loose the trust of the rest of the world.

so what is he they going to do now? iran is a gateway into russia and its former external buffer states. but with nato allies dumping dollars for euros? and the saudi's?

if bush thought he was going to stem the hemmoraging of the dollar by regeme chainge in iraq, surely even rumsfield realizes there are only so many fronts that even the most powerful military can sustain if it comes to that.

it is obvious that american republicans think american republicans should dictate world power, the've openly said so, have been openly saying so for years.

i can see why even bush sr called this bunch crazies. i'm just curious to see what's going to happen.

the day without automobiles will come without the're ever having to be banned. i can see that on the wall plain as day. but how many more stupid and futile wars before we can no longer afford to fight them?

2012 isn't predestined, it's just a year. an election year. the next presidential election year after the one comming up in 2008. nothing to do with belief, but maybe everything to do with politics. and no, nothing silly like the end of the planet or our species. but everything chainges in time. a once great but deeply flawed nation, even at the hight of its greatness. well brittan had an empire once. and greatly mellowed, at least for a while and in some ways, once they lost it.

america too will someday join the old retired empires club. someday soon maybe?
every nation in western europe once lost an empire, and bennifitted from loosing it.
it IS something to look forward to.

=^^=
.../\...

 

€1 = $1.27

 

Good old fashion war used to be able to gain some strength there but now with the likely use of nukes, the idea is not a very good options and these little battles we are having only drain us economically and also our credibility with others. Yup said it back in the early 90's we were heading for some shit with short sighted instant profit ideals. Unless an extreme cultural change happens like no more excess waste and such the US will be held by another if it exists that long. People tend to become violent when backed into a corner and do stupid things.

 

that administration seems to have a real hard time with cause and effect. I wonder if bush even listens to his advisores, I can just imagine how it goes with him. "but mr pres if we do that,, " I dont want to hear any buts im the president do what i'll say or i'll tell
and by the way, war hasnt realy been profitable since we stopped pilliging, it looks good for awhile, everyone having something to do and all, but future generations foot the bill for all that expense

 

Actually Stef, it's more like "...do what Cheney told me to say or i'll tell...".

Bush doesn't need advisors since he has not been the one determining any aspect of the administration's policy since the neocons assumed power. Ol georgie porgie is just the window dressing to give the public and media someone to focus on whilst those with the real cognitive acumen and ideological intent further their aims behind closed doors.