How low can U.S. dollar go?

[zanejohnson]

lol, you are on a roll.

i've like become addicted to politics lately, i should run for president.

 

[zanejohnson]

we've got the huge corporations, who are still based in the US to get the tax loopholes.. but everything else except the HQ's are in china.. lol.. it doesnt take a genius to see how that hurts the US dollar.

 

[nick1985]

i've like become addicted to politics lately, i should run for president.

After reading your posts, no, you shouldn't.

 

[zanejohnson]

After reading your posts, no, you shouldn't.

well im waiting on your response...

 

[LegendKiller]

Hope it keeps going lower, fuck China.

 

[Capt Caveman]

i've like become addicted to politics lately, i should run for president.

I don't think people want to elect a drug addict with a record.

 

[God Mode]

I'm glad I ignored all those economists telling me to short the euro. Wanna do well in the longterm? Do the opposite of what economists say. Might not get rich but its safer.

 

[mmntech]

It's more that the American economy is tanking than the Canadian economy doing really well. It will boost the US economy since you have 30 million people who don't want to pay 25% markup for books, cars, and electronics.

Oil is the big problem right now. If it hits $150/barrel, it could derail the US economic recovery. Gas prices are totally meaningless, but I'd keep a close eye on diesel. If it skyrockets, we could be in a stagflation situation at best, another recession at worst.

 

[sdifox]

It's more that the American economy is tanking than the Canadian economy doing really well. It will boost the US economy since you have 30 million people who don't want to pay 25% markup for books, cars, and electronics.

Oil is the big problem right now. If it hits $150/barrel, it could derail the US economic recovery. Gas prices are totally meaningless, but I'd keep a close eye on diesel. If it skyrockets, we could be in a stagflation situation at best, another recession at worst.

Bigger problem is food. Food pricing is what cause all the hoopla in the Middle East.

Thank you corn lobby.

 

[FoBoT]

zero
they just had a meeting at Bretton Woods, 'they' are getting ready to introduce the new 'one world' currency. your bank account 'dollars' will get switched and you'll have a short time to trade in physical dollars, then after that your dollars will be just pretty pictures

 

[bunnyfubbles]

i think it's obvious to anyone who knows anything, we've hit the tilt.. there' nothing that can save the USA now...

World War 3 would put us back on top.

 

[LegendKiller]

zero
they just had a meeting at Bretton Woods, 'they' are getting ready to introduce the new 'one world' currency. your bank account 'dollars' will get switched and you'll have a short time to trade in physical dollars, then after that your dollars will be just pretty pictures

Proof of a "bretton woods" and proof of some switch over?

Comparing US inflation to that of the Weimar, in gold, is one of the most ridiculous comparisons that I've ever seen. Do you even know anything about Weimar Germany or what precipitated the inflation?

 

[Bignate603]

zero
they just had a meeting at Bretton Woods, 'they' are getting ready to introduce the new 'one world' currency. your bank account 'dollars' will get switched and you'll have a short time to trade in physical dollars, then after that your dollars will be just pretty pictures

Sounds like you better be sure and stock up on plenty of tin foil, how else would you make your hats?

 

[JS80]

Hope it keeps going lower, fuck China.

lol ripped the words out of my head

 

[bradley]

Helicopter Ben is the world's biggest pickpocket. He sucks the equity out of your valuables while you sleep and bets it all away in hopes of the dollar remaining the world's reserve currency.

 

[LegendKiller]

Helicopter Ben is the world's biggest pickpocket. He sucks the equity out of your valuables while you sleep and bets it all away in hopes of the dollar remaining the world's reserve currency.

Pickpocket for whom?

Do you know who is the biggest pickpocket in history? China.

They are using the currency peg to keep their manufacturing price low, chaining us to them, preventing us from leaving an abusive relationship. They are using the peg to bootstrap the Chinese economy up far faster than it would have with a floating currency. They aren't letting economics take its natural course, demand for Renminbi would make it appreciate as more goods are sold. However, instead, they keep it pegged to the dollar to make it flat to the dollar, screwing US manufacturers.

http://en.wikipedia.org/wiki/File:1_RMB_to_US_dollar.svg

See how artificial that is? Notice the timeframe? Just as they dropped the currency down is when Chinese manufacturing became attractive and prevalent.

How many jobs has this cost the US? How much GDP? How much tax receipts? Millions, trillions, trillions.

Pickpockets indeed!

Bernanke is forcing their hand. He is dropping the dollar so that for every dollar we produce they must produce 8-10 Yuan in order to keep the peg in place. This is flooding their domestic market with credit and cash, causing huge inflation, so much inflation that they face a dual decision, appreciate the Renminbi, unpeg the currency, or slow their economy drastically.

I wish Bernanke would employ QE3 and buy $2TR in treasuries. Watch how fast China drops then.


People like you suffer from such myopia regarding the true nature of whats going on.

 

[sdifox]

Pickpocket for whom?

Do you know who is the biggest pickpocket in history? China.

They are using the currency peg to keep their manufacturing price low, chaining us to them, preventing us from leaving an abusive relationship. They are using the peg to bootstrap the Chinese economy up far faster than it would have with a floating currency. They aren't letting economics take its natural course, demand for Renminbi would make it appreciate as more goods are sold. However, instead, they keep it pegged to the dollar to make it flat to the dollar, screwing US manufacturers.

http://en.wikipedia.org/wiki/File:1_RMB_to_US_dollar.svg

See how artificial that is? Notice the timeframe? Just as they dropped the currency down is when Chinese manufacturing became attractive and prevalent.

How many jobs has this cost the US? How much GDP? How much tax receipts? Millions, trillions, trillions.

Pickpockets indeed!

Bernanke is forcing their hand. He is dropping the dollar so that for every dollar we produce they must produce 8-10 Yuan in order to keep the peg in place. This is flooding their domestic market with credit and cash, causing huge inflation, so much inflation that they face a dual decision, appreciate the Renminbi, unpeg the currency, or slow their economy drastically.

I wish Bernanke would employ QE3 and buy $2TR in treasuries. Watch how fast China drops then.


People like you suffer from such myopia regarding the true nature of whats going on.

lulz, you think those jobs will stay in the USA? They are trying to prevent companies from picking up and moving to cheaper countries in south east asia.

 

[LegendKiller]

lulz, you think those jobs will stay in the USA? They are trying to prevent companies from picking up and moving to cheaper countries in south east asia.

Some would move out, many would not. China offers many benefits that the other countries do not, but above all, it offers a cheap currency. Most other countries float.

lulz is on you for being such a perma-bear.

 

[sdifox]

Some would move out, many would not. China offers many benefits that the other countries do not, but above all, it offers a cheap currency. Most other countries float.

lulz is on you for being such a perma-bear.

You really think USA is interested in those high contaminant industries? plenty of companies are moving to SE Asia already.

PRC does have a "float" currency, except it is tightly controlled.

BTW, the QE2 is designed to reduce the value of foreign debt. And guess who holds the most US dollars?

 

[LegendKiller]

You really think USA is interested in those high contaminant industries? plenty of companies are moving to SE Asia already.

PRC does have a "float" currency, except it is tightly controlled.

BTW, the QE2 is designed to reduce the value of foreign debt. And guess who holds the most US dollars?

PRC doesn't have a "float" currency, the image that it does is simply an image, no matter how "tightly" it is controlled.

Reducing the value is a secondary issue and one that will only come in any meaningful way with broad-based inflation or rate hiking and that won't happen until our economy fully recovers after production slack is taken up (reduced unemployment). Primary issue is currency. China won't float. How do you get them to float? You flood the market with dollars which forces them to flood their market with RNMB, further blowing the bubble. To prevent that they slow down their economy, which would be the natural way to appreciate anyway.

The whole "inflate it away" argument is simplistic and doesn't encompass all of the issues facing us with China's peg.

Sure, manufacturing is moving to other countries, but the easiest and cheapest was China. The other countries will take up more slack but also will equalize as that slack is taken up and their currencies appreciate.

 

[spaceman]

ionno
were those trieste dudes allow to take thier wallets with them?

 

[ShawnD1]

Traditionally $1.00 CAD average around $0.80 USD, therefore the CAD is very high at the moment vs. the USD (75% of Canadian foreign trades is with the US). And, there was a time that $1.00 CAD = $0.63 USD.

Right now is a great time to use Canadian dollars to invest in stocks traded in US dollars. The stock goes up, but so does the value of the money one will get back (US dollars) when selling the stock. It's like double penetration but with money!

 

[sdifox]

PRC doesn't have a "float" currency, the image that it does is simply an image, no matter how "tightly" it is controlled.

Reducing the value is a secondary issue and one that will only come in any meaningful way with broad-based inflation or rate hiking and that won't happen until our economy fully recovers after production slack is taken up (reduced unemployment). Primary issue is currency. China won't float. How do you get them to float? You flood the market with dollars which forces them to flood their market with RNMB, further blowing the bubble. To prevent that they slow down their economy, which would be the natural way to appreciate anyway.

The whole "inflate it away" argument is simplistic and doesn't encompass all of the issues facing us with China's peg.

Sure, manufacturing is moving to other countries, but the easiest and cheapest was China. The other countries will take up more slack but also will equalize as that slack is taken up and their currencies appreciate.

they use their massive cash reserve to go into the market and surpress upward moving pressure. No one else has the cash to play that game with them, thus the Yuan stays stable. This game has been played in many countries before. It's just that PRC has the most impact at this point in time.

Wages are rising rapidly in PRC, the factories are hurting for workers. As workers demand better living standards, so shall PRC's boom fade. This is what happened in Taiwan and South Korea. South Korea managed to re-invent itself and is flourishing. Taiwan, not so much.

 

[ShawnD1]

Proof of a "bretton woods" and proof of some switch over?

Comparing US inflation to that of the Weimar, in gold, is one of the most ridiculous comparisons that I've ever seen. Do you even know anything about Weimar Germany or what precipitated the inflation?

Some kind of war or something... OMG IRAQ WAR!!

 

[Imp]

Right now is a great time to use Canadian dollars to invest in stocks traded in US dollars. The stock goes up, but so does the value of the money one will get back (US dollars) when selling the stock. It's like double penetration but with money!

Ah... I've already pumped most of my savings into $US currency. I did it when 1 $CAD was $0.97 to $1.03 $US. Hoping for an eventual correction long-term. Praying for the return of $1 $CAD = $0.80 $US. In the mean time, I have access to one of (the?) largest stock market in the world so no complaints.