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Yamahamod
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Secret meeting to END the Dollar
http://www.youtube.com/watch?v=_kzEkfVg6_c
http://www.youtube.com/watch?v=_kzEkfVg6_c
US dollar crashin
- Thread starter Weekday Warrior
- Start date
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Yamahamod
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dollar continues to weaken!
sounds like it is inevitable...oh the progressives must be happier than a 5 peter'd puppy!
http://www.breitbart.com/article.php?id=CNG.ee8e6856c300b312ea0f64a4522381ca.481&show_article=1
sounds like it is inevitable...oh the progressives must be happier than a 5 peter'd puppy!
http://www.breitbart.com/article.php?id=CNG.ee8e6856c300b312ea0f64a4522381ca.481&show_article=1
That article is scary. Makes me sick to my stomach. And to know Obama and his flying monkeys are doing this...2010 can't come fast enough, but will it be too late?
I switched a bunch of mutual funds to bond funds after taking a huge hit. Now what?
I saw today that the US dollar to the Canadian dollar is 1.00 US to 1.03 canadian today.
here's some good info regarding our standing in the world. i cant seem to find it on this website but the US dollar ranks 50th in terms of stability!
'
freakin 38th overall for financial stability... what a shame!
http://www.weforum.org/en/media/Latest Press Releases/PR_FDR09
'freakin 38th overall for financial stability... what a shame!
http://www.weforum.org/en/media/Latest Press Releases/PR_FDR09
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Ollie
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The spending spree is coming home to roost.
However, there is a bright side to this.
One of the problems with having a strong currency is the fact everything we export costs more and it is always cheaper to produce things outside the U.S..
Now, the dollar is crashing. It will rapidly become cheaper to produce things in the U.S..
Our manufacturing will come back home and we will start producing things in this country.
Down side, the ruling party will not allow us to drill for oil or natural gas.
Oil and gas will become even more expensive in the U.S.. Anything we import will become more and more expensive, be it wood, metals, minerals, whatever.
Interest rates are about to start going up, by june of next year inflation will be in full swing. The dems aren't willing or able to pull cash out of the economy fast enough to stop inflation. The dems will want to leave all the money they can out there to try and prop up the economy to give them something to crow about for 2010.
However, there is a bright side to this.
One of the problems with having a strong currency is the fact everything we export costs more and it is always cheaper to produce things outside the U.S..
Now, the dollar is crashing. It will rapidly become cheaper to produce things in the U.S..
Our manufacturing will come back home and we will start producing things in this country.
Down side, the ruling party will not allow us to drill for oil or natural gas.
Oil and gas will become even more expensive in the U.S.. Anything we import will become more and more expensive, be it wood, metals, minerals, whatever.
Interest rates are about to start going up, by june of next year inflation will be in full swing. The dems aren't willing or able to pull cash out of the economy fast enough to stop inflation. The dems will want to leave all the money they can out there to try and prop up the economy to give them something to crow about for 2010.
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thomps33
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I think the Dems don't worry too much about the National debt because they know all this spending will bring inflation. When inflation hits it will make our National debt appear smaller and much more manageable. What I'm trying to figure out is how much inflation do they think is acceptable and if they thought about the ramifications of hyper-inflation if it comes to that.
one good thing my house payments keep getting smaller, if i could only keep up with the cost of living
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Ollie
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too bad milk is going to cost 35 dollars a gallon.
our wages have been declining for years, look for this to accelerate rapidly.
cost of all things we buy will go up, look for this to accelerate rapidly as well.
we are f000000k'd!
cost of all things we buy will go up, look for this to accelerate rapidly as well.
we are f000000k'd!
we be better off to cut and run now & live there legally, than to wait for the mass exodus.
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Grizzly Adams
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Couple of interesting things come into play. BO has devalued the currency to lower the debt. The buy American program is not needed as we Canadians are buying all the American things we could not afford for years. Trade protectionism is rampant in DC and the dollar is doing more then the buy American plan ever could.
3 friends have bought recreational property down there recently and what a bargain.
You will pay more for Canuck sleds now! Heck I might have to switch to riding poo's, they are practically free up here. 2K cheaper than last year. Doo's are up 2K.
The govt up here is freakin out over the export market, as we won't be able to sell anything.
So how's that stimulus going? Our govt has strongly avoided most bailouts and we are much stronger for it. Thank you for giving us a conservative govt with some sense of financial prudence.
Our GDP is up in the last quarter and we are somewhat pulling out of this mess, hope you fellers down there can get things back on track.
3 friends have bought recreational property down there recently and what a bargain.
You will pay more for Canuck sleds now! Heck I might have to switch to riding poo's, they are practically free up here. 2K cheaper than last year. Doo's are up 2K.
The govt up here is freakin out over the export market, as we won't be able to sell anything.
So how's that stimulus going? Our govt has strongly avoided most bailouts and we are much stronger for it. Thank you for giving us a conservative govt with some sense of financial prudence.
Our GDP is up in the last quarter and we are somewhat pulling out of this mess, hope you fellers down there can get things back on track.
more fantastic news... though its not surprising to say the least!
http://www.breitbart.com/article.php?id=CNG.ff41282c008d4c070bbcfcf1ad946201.311&show_article=1
http://www.breitbart.com/article.php?id=CNG.ff41282c008d4c070bbcfcf1ad946201.311&show_article=1
Just one of many articles stating the obvious, we are screwed in a catastrophic kind of way. China is on a trillion US dollar spending spree for every natural resources in the world. Once they've acquired what they consider "enough" they'll dump the rest of their dollars.
The Middle East is screwed too. They want oil priced in Yen and Euro's because they know the big dollar dump is coming. They need our consumption but we have nothing of real value to exchange. China will have their own oil reserves and Saudi Arabia will have no one to sell oil to when it hits US$200.
http://dailyreckoning.com/will-china-flex-its-fx-muscel/
The Middle East is screwed too. They want oil priced in Yen and Euro's because they know the big dollar dump is coming. They need our consumption but we have nothing of real value to exchange. China will have their own oil reserves and Saudi Arabia will have no one to sell oil to when it hits US$200.
http://dailyreckoning.com/will-china-flex-its-fx-muscel/
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Ollie
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Heres a funny one.
Saudi Arabia is already asking for handouts.
They say if the world moves off oil they want concessions from the west to help their economy withstand the plunge.
more stress on the system!
hey everybody....look the economy is on the rebound!
http://money.cnn.com/2009/10/15/real_estate/foreclosure_crisis_deepens/?postversion=2009101507
hey everybody....look the economy is on the rebound!
http://money.cnn.com/2009/10/15/real_estate/foreclosure_crisis_deepens/?postversion=2009101507
