LOL, no, they don't They want to switch to the Euro, because the republicans ruined the dollar. Old economics are old.
Name:
Anonymous2008-02-06 10:23
>>7
/r/ sauce. If it is true, we could be boned for realz this time.
Name:
Anonymous2008-02-06 14:15
Do you know anything about economics?
I'll put it in baby terms since apparently, all you read in the news is "DOLLAR GOING DOWN OMG" and don't know what the fuck it means.
Dollar going down in America = Less outsourcing jobs overseas, which means more jobs at home. Cheaper dollar amounts will also lead other countries to invest here, making incentive for more jobs within our borders.
Rather than us putting as much money into foreign goods, Foreign traders will invest more money in America since it will be cheaper to do so. Whether it be product, vacation, etc.
If you idiots can't look at the awesomeness of the dollar going down, then you should just keep debating with people who don't know what they're talking about.
But hey, no matter what, since America will be cheaper to invest in, the price of the dollar will ultimately go back up as more foreign money flows in. But I'm sure some of you will still talk about that time that America was so devastated because the Dollar wasn't worth as much.
Though a highly volatile currency, will generally keep investors from investing, but yes, in general a lower relative currency will lead people to buy more american shit which will lead to the american economy coming back up, that's how it works, untill it starts going back up the US will be paying more for imports though, which you could assume would lead to a relative lesser quality of life.
Name:
Anonymous2008-02-06 16:41
Wall street seems to love Bush. The average American may suffer but the multi-national corporation will not.
Name:
Anonymous2008-02-07 18:36
>>9
used to be a time when Americans invested abroad n' not the other way around.
also, what of those living on fixed income or the retired living on their (lol) savings?
I am interested in your ideas and would like to subscribe to your newsletter
Name:
Anonymous2008-02-07 21:15
>>9
Do you know anything about economics?
I'll put in baby terms, since apparently, you use a causative logical fallacy in order to promote your personal fantasies.
The value of a dollar doesn't mean a thing.
Name:
Anonymous2008-02-07 22:37
"The value of a dollar doesn't mean a thing."
wut.
Name:
Anonymous2008-02-15 10:53
>>15
He's sort of right. The dollar is an abstract measure of productivity/economy (and how much people think the US government is insoluble) because it's no longer backed by gold (DAMN YOU NIXON). If it's going down that just means we (the US) are being too inefficient. We must build additional investment bankers.
Inflation is caused by 2 things, production of new notes and the increased circulation of currency. Because the American economy is thriving under Bush and there is increased circulation you can expect a little inflation.
If the value of a dollar doesn't mean a thing, then consumer sentiment also doesn't. That's news to the mainstream media, as they cover the credit crisis 24/7.
The only morons who think that "the value of a dollar doesn't mean a thing" are the ones whose investments are somewhat protected from such a fall. Given their conflict of interest, we can readily discount their sentiments.
Name:
Anonymous2008-02-16 22:54
The concept of bank credit is a bit scary. If every single american person and corporation were to withdraw all their money from the banks at once, there wouldn't be enough actual physical bills in the world for the banks to give...
And of course the presupposes banks do have more than the 20th of the actual cash in their coffers...