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Are Bailouts Hurting The U.S. Dollar? This CHART Tells All
Submitted by bobbyw24 on Tue, 03/31/2009 - 19:13
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Are Bailouts Hurting The U.S. Dollar? This CHART Tells All __________________ » |
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You Guys Have It Backwards
A rising dollar gives the Fed permission to print more. This a currency war. When the Fed is on top it can afford to be liberal with its printing. High prices (high inflation and high interest rates) indicates a secure monopoly.
Actually stimulus packages
Actually stimulus packages have a long history of working :-) Look at how well they worked in the 30's under Hoover and FDR!
That chart does not tell the
That chart does not tell the full story. The key to understanding that chart is that first comment on the graph (in green): "euro made it's top here". The USDX is based heavily upon the Euro. Generally, if the Euro declines, the dollar rises. So it is true, people have flocked to the dollar because the Euro is collapsing (due to their own bailouts that started before ours did), but that is not to say that our day is not yet to come. Eventually people will realize that our government is not going to be able to pay back our obligations either. At this point, the dollar will collapse as well.
So, the dollar is the strongest of a sinking class of fiat currencies. It is like being on the top deck of Titanic. You may be the last to go under, but you will still go under. All of this borrowing will come back to haunt us -- you can bank on that.
I think one effect of the
I think one effect of the global economic instability is that most investors' time horizons have shortened drastically.
I think everyone knows the dollar is going to tank in the long term. If it's obvious to us it's obvious to them. But, in the short term, the dollar seems strong and relatively stable, so people will flee to it when trouble seems imminent elsewhere. I guess they will continue to do so until people start getting seriously burned by the dollar.
Well Said.
Ron Paul's Convention Speech
Ron Paul's Convention Speech
And in the land of the Rising Yen
The rising unemployed are sleeping in the parks (NHK News today).
It seems when you get laid off in Japan, you have to move out of your employers provided housing. The Yen (not gold backed) is kicking the dollars ass, anybody wanting to go to Japan ?
You obviously have not heard
You obviously have not heard about the tent cities popping up in California. If we had work arrangements here in which the employers provided housing, I assure you that we would face the same situation here. I am pretty sure that employer provided housing does not account for all of the housing in Japan, so you are talking about specific cases where the unemployed find themselves homeless.
What exactly is your point? This depression is just beginning. The only real advantage I see for us here is that we have more room to grow food than most countries. Otherwise, our financial futures are all pretty much equally dismal.
I'm aware of the tents in California
And I have actually seen the huge blue tent cities by the rivers in Tokyo and surrounding cities 2006.
Not only do we have more agriculture at our disposal, we are the biggest kid on the block. America is going to be good despite things getting more expensive. After all, in my life time I've seen a coke go from 5 cents to $1; on that comparison, can't you honestly see parity of a coke being $20 in another 60 years and people making 20 times more ? If the $ numbers get to big we can add a prefix or start over again with one .
Isn't it ironic the Yen has no gold in Fort Knox like us, yet the the USD is depreciating against it ??? Pretty soon we'll have to buy Detroit cars again, Japanese cars will be too expensive. Maybe we will want to buy American again, I hear labor costs are going down. The perfect storm.
Maybe ?
But aren't we the best game in Dodge ?
I don't see anyone here standing in line to be next go to Europe, Asia, India, and etc., but they are literally dieing to come here.
Perhaps for the moment, but
Perhaps for the moment, but seriously, how long can we keep up the charade? Our borrowing and spending has long since blown past the realm of reality and is accelerating. At the same time, our civil liberties are under direct attack, and whatever bits of free-market that once existed here are being completely obliterated. We are on the fast track to oppressive, socialistic tyranny.
You simply cannot live forever beyond your means, and when we realize that we have been living on empty promises for the last twenty years (or more) and the rest of the world realizes that they have been footing most of that bill, it will all come crashing down... hard. We think that just because we are America that we are immune from real trouble. We are wrong.
I say the plan
is to screw the rest of the world (accidental on purpose), just like FDR did the bankers '30's & 40's with cheapened dollars. I think it will fly, after all, what can they do ? The worst, not sell us stuff anymore, thats good, we have un-employed, we'll put them to work making stuff, better than digging WPA holes and having CCC filling them. Right ?
It's All an Illusion Right Now.
The Dollar is paper, nothing more.
Ron Paul's Convention Speech
Ron Paul's Convention Speech
So is the Yen
No gold behind the Yen. Hmmm, maybe we should sell Fort Knox's Gold, it might be the problem (Occam's razor) ?
Why Don't You Try Listening to Ron Paul?
Afterall, you are on Daily Paul...
Ron Paul's Convention Speech
Ron Paul's Convention Speech
Just testing information for fuller consideration...
on important subjects which are either right or to be found to be otherwise.
Do you think Ron would mind ?
buying the dollar is a faith
buying the dollar is a faith based initiative.
Ventura 2012
Exactly
Believing makes itself.
"The One", did say, "Change you can believe in!"
Bonehead Richard says...
Don't show this to the Peter Schiff followers, they'll think you voted for Obama (lol)
How dare you post this on a Ron Paul site ? ;)
Buy gold ! Ha, ha, ha ;)
Bump ^ to hurt some brains JJA
We don't fear lies, we fear truth !