People & Power - Death of the dollar

[NoStateofMind]

European TV show talking about the falling US dollar.

People & Power - Death of the dollar Part 1

People & Power - Death of the dollar Part 2

America needs to wake up and take notice. We need Fiscal and monetary policy reviewed ASAP!

 

[GodlessAstronomer]

A while ago mods started locking Ron Paul threads because it was getting out of hand - we had numerous Paul threads discussing the same issues. This is yet another (thinly veiled) Ron Paul thread. Don't let it get out of hand again.

I'll reply again when I've seen the vids.

 

[NoStateofMind]

Originally posted by: GodlessAstronomer
A while ago mods started locking Ron Paul threads because it was getting out of hand - we had numerous Paul threads discussing the same issues. This is yet another (thinly veiled) Ron Paul thread. Don't let it get out of hand again.

I'll reply again when I've seen the vids.

What does Ron Paul have to do with this thread? He may support reviewing or changing these policies but he wasn't mentioned until you brought him up.

 

[GodlessAstronomer]

That's why I used the phrase "thinly veiled". Of course this is a Ron Paul thread.

 

[brxndxn]

Originally posted by: GodlessAstronomer
A while ago mods started locking Ron Paul threads because it was getting out of hand - we had numerous Paul threads discussing the same issues. This is yet another (thinly veiled) Ron Paul thread. Don't let it get out of hand again.

I'll reply again when I've seen the vids.

WTF does a guy with 20 posts who joined a month ago think he's doing telling others on the forums what to do?

STFU, noob.

 

[GodlessAstronomer]

Originally posted by: brxndxn

Originally posted by: GodlessAstronomer
A while ago mods started locking Ron Paul threads because it was getting out of hand - we had numerous Paul threads discussing the same issues. This is yet another (thinly veiled) Ron Paul thread. Don't let it get out of hand again.

I'll reply again when I've seen the vids.

WTF does a guy with 20 posts who joined a month ago think he's doing telling others on the forums what to do?

STFU, noob.

I'm not telling people what to do, I'm reminding people of what the mods have done in the past. I didn't realise that post count carried an extra qualification on this board. How many posts do I need before my opinions are as worthy as yours?

 

[HombrePequeno]

Fiscal policy does need to be reviewed. Unfortunately no politician has the balls to cut spending. Most other major nations in the world are running budget surpluses.

Our monetary policy is perfectly fine though.

 

[NoStateofMind]

Originally posted by: GodlessAstronomer
That's why I used the phrase "thinly veiled". Of course this is a Ron Paul thread.

Wrong. If you had taken the time to read the thread title it states nothing about Ron Paul, but you are bent on making it a subject. If You want go ahead, won't hurt my feelings any. This thread is about the falling dollar and what changes we should make (if any) to ensure its value. Now do you have anything to add to the topic or are you going to continue thread crapping/trolling?

As for the MOD bit, thats their business, your NOT a MOD so leave them to do it. We don't need one month old members deciding forum policies.

 

[Sinsear]

Originally posted by: GodlessAstronomer
That's why I used the phrase "thinly veiled". Of course this is a Ron Paul thread.

You're correct in this accusation. The majority of the "dollar is falling" discussion threads are started by the RP fanbois.

 

[GenHoth]

Originally posted by: Sinsear

Originally posted by: GodlessAstronomer
That's why I used the phrase "thinly veiled". Of course this is a Ron Paul thread.

You're correct in this accusation. The majority of the "dollar is falling" discussion threads are started by the RP fanbois.

Or, ya know, we could talk about fiscal and monetary policy. We need to cut federal spending drastically.

 

[Slew Foot]

Most of the news about the falling dollar, housing bubble collapse, and American economic troubles come from European media. Kinda interesting.

 

[NoStateofMind]

Originally posted by: Sinsear

Originally posted by: GodlessAstronomer
That's why I used the phrase "thinly veiled". Of course this is a Ron Paul thread.

You're correct in this accusation. The majority of the "dollar is falling" discussion threads are started by the RP fanbois.

Another troll. Not surprising considering the source.

 

[Arkaign]

Originally posted by: GenHoth

Originally posted by: Sinsear

Originally posted by: GodlessAstronomer
That's why I used the phrase "thinly veiled". Of course this is a Ron Paul thread.

You're correct in this accusation. The majority of the "dollar is falling" discussion threads are started by the RP fanbois.

Or, ya know, we could talk about fiscal and monetary policy. We need to cut federal spending drastically.

^^^

Truth. The fall of the Dollar, as well as the housing meltdown, and long-running trade deficit issues are FACTS, that can't be mitigated by partisan claims of any type. The only question is what do we do about it? I'm with Hoth, we need to cut spending massively.

 

[ProfJohn]

Spending cuts will never happen; both parties have their hands stuck in the cookie jar.

The best we can do is hope to control future spending. That is how we balanced the budget in the 90?s. You don?t see many Democrats talking about it though?

 

[ProfJohn]

Godless is right, this is not the first time we have seen PC or Perry start a thread about one of Ron Paul?s major talking point and then try to pretend the thread has nothing to do with Paul.

I am wondering if there is a secret web site or e-mail list that sends out links to all these types of videos so Paul supporters can post them to message boards across the web.

 

[Sinsear]

Originally posted by: PC Surgeon

Originally posted by: Sinsear

Originally posted by: GodlessAstronomer
That's why I used the phrase "thinly veiled". Of course this is a Ron Paul thread.

You're correct in this accusation. The majority of the "dollar is falling" discussion threads are started by the RP fanbois.

Another troll. Not surprising considering the source.

As evidenced here, here, here, here, and here. Now please kindly STFU and stop with the Ron Paul spam.

 

[Arkaign]

Sad. A serious crisis facing our nations currency and economy at large, and all that most seem capable of doing are talking about Ron Paul.

Ah, people thought George Soros was crazy too, but I listened back in '03 :

http://www.slate.com/id/2083401/

'Having taken the position "relatively recently," Soros was now betting that the dollar would decline in value "against the euro, against the Canadian dollar, the Australian dollar, New Zealand dollar and gold."'

The article itself was kind of funny, because the editor was reading something that wasn't true : Soros actively working to undermine the dollar. The article moves on to point out the impotence of Soros to actually affect the value of the dollar in any way, and as we've seen over the past few years, everything that he predicted has come to pass. Who would have thought even a short time ago that the Canadian dollar would ever rise above the US greenback?

 

[NoStateofMind]

Originally posted by: Arkaign
Sad. A serious crisis facing our nations currency and economy at large, and all that most seem capable of doing are talking about Ron Paul.

Ah, people thought George Soros was crazy too, but I listened back in '03 :

http://www.slate.com/id/2083401/

'Having taken the position "relatively recently," Soros was now betting that the dollar would decline in value "against the euro, against the Canadian dollar, the Australian dollar, New Zealand dollar and gold."'

The article itself was kind of funny, because the editor was reading something that wasn't true : Soros actively working to undermine the dollar. The article moves on to point out the impotence of Soros to actually affect the value of the dollar in any way, and as we've seen over the past few years, everything that he predicted has come to pass. Who would have thought even a short time ago that the Canadian dollar would ever rise above the US greenback?

Exactly. They would rather piss & moan/ hide under a rock rather than discuss the issues that greatly affect each of us.

It's too broad to say "cut spending" to fix our ever expanding deficit, it needs to be clear how/what/when it needs to be cut.

Now our monetary policy also needs to be visited. If the dollar keeps depreciating other nations will stop using it as the basis for trade. The confidence in the dollar will fall even further. This is why we need competing currency or currency that holds its value better what we have now. To blindly ignore this is detrimental and ignorant.

 

[glugglug]

Ironic for them to be discussing the falling dollar on the same day that the Euro banks got a 500 BILLION bailout, plummeting the price of the Euro (which ultimately is in as much trouble as the $), and the same day it is discovered the bailout of Northern Rock Bank is going to cost the British government £5000 (over $10,000) per British household. (They are in for an even bigger crash than we are).

Ultimately both the U.S. and Europe are headed for the worst crash ever seen, and by 2010 the dollar will have parity with the Rupee.

 

[Lemon law]

I don't think anyone would accuse me of being a Ron Paul fan, but long term our currency is in deep trouble. We emerged from WW2 as the only major industrialized nation that did not sustain extensive infrastructure damage. And in the 20 years it took Europe to repair its infrastructure damage, we spend piling up huge balance of trade surpluses with other countries. But our balance of trade went south in about 1980 and has been going south at a increased rate of speed ever since.

Meanwhile we are spending huge amounts on our military as we seek to serve as the unpaid
policeman of the world. And to add insult to injury, now we are trying to be the unwelcome
storm troopers and jack booted thugs in Iraq. Which means other economies that don't have the military costs can undercut us in the world marketplace because their goods are cheaper.
because they don't have that military costs built in. And they eat butter while we eat guns.

Domestically we are borrowing from ourselves and others while we pile on public debt. You can always have a party until the money runs out.

Yes, its unsustainable. I don't think Ron Paul is necessarily the answer, but a long term balance of trade defect is always unsustainable. The cause of the disease and the remedy are clear. We can't have guns and butter. And we can't keep running balance of trade deficits.

 

[LegendKiller]

Originally posted by: glugglug
Ironic for them to be discussing the falling dollar on the same day that the Euro banks got a 500 BILLION bailout, plummeting the price of the Euro (which ultimately is in as much trouble as the $), and the same day it is discovered the bailout of Northern Rock Bank is going to cost the British government £5000 (over $10,000) per British household. (They are in for an even bigger crash than we are).

Ultimately both the U.S. and Europe are headed for the worst crash ever seen, and by 2010 the dollar will have parity with the Rupee.

England isn't in a bigger crash, they are just 6-12 months ahead of us in the cycle.

 

[LegendKiller]

Originally posted by: Lemon law
I don't think anyone would accuse me of being a Ron Paul fan, but long term our currency is in deep trouble. We emerged from WW2 as the only major industrialized nation that did not sustain extensive infrastructure damage. And in the 20 years it took Europe to repair its infrastructure damage, we spend piling up huge balance of trade surpluses with other countries. But our balance of trade went south in about 1980 and has been going south at a increased rate of speed ever since.

Meanwhile we are spending huge amounts on our military as we seek to serve as the unpaid
policeman of the world. And to add insult to injury, now we are trying to be the unwelcome
storm troopers and jack booted thugs in Iraq. Which means other economies that don't have the military costs can undercut us in the world marketplace because their goods are cheaper.
because they don't have that military costs built in. And they eat butter while we eat guns.

Domestically we are borrowing from ourselves and others while we pile on public debt. You can always have a party until the money runs out.

Yes, its unsustainable. I don't think Ron Paul is necessarily the answer, but a long term balance of trade defect is always unsustainable. The cause of the disease and the remedy are clear. We can't have guns and butter. And we can't keep running balance of trade deficits.

Long term our currency is fine. This isn't the first time we have been devalued and, like those times before, it's a cyclical event.

 

[GrGr]

Originally posted by: LegendKiller

Originally posted by: Lemon law
I don't think anyone would accuse me of being a Ron Paul fan, but long term our currency is in deep trouble. We emerged from WW2 as the only major industrialized nation that did not sustain extensive infrastructure damage. And in the 20 years it took Europe to repair its infrastructure damage, we spend piling up huge balance of trade surpluses with other countries. But our balance of trade went south in about 1980 and has been going south at a increased rate of speed ever since.

Meanwhile we are spending huge amounts on our military as we seek to serve as the unpaid
policeman of the world. And to add insult to injury, now we are trying to be the unwelcome
storm troopers and jack booted thugs in Iraq. Which means other economies that don't have the military costs can undercut us in the world marketplace because their goods are cheaper.
because they don't have that military costs built in. And they eat butter while we eat guns.

Domestically we are borrowing from ourselves and others while we pile on public debt. You can always have a party until the money runs out.

Yes, its unsustainable. I don't think Ron Paul is necessarily the answer, but a long term balance of trade defect is always unsustainable. The cause of the disease and the remedy are clear. We can't have guns and butter. And we can't keep running balance of trade deficits.

Long term our currency is fine. This isn't the first time we have been devalued and, like those times before, it's a cyclical event.

The US wasn't in debt to it's eyeballs before. Things are not the same this time around.

 

[babylon5]

Originally posted by: GrGr

Originally posted by: LegendKiller

Originally posted by: Lemon law
I don't think anyone would accuse me of being a Ron Paul fan, but long term our currency is in deep trouble. We emerged from WW2 as the only major industrialized nation that did not sustain extensive infrastructure damage. And in the 20 years it took Europe to repair its infrastructure damage, we spend piling up huge balance of trade surpluses with other countries. But our balance of trade went south in about 1980 and has been going south at a increased rate of speed ever since.

Meanwhile we are spending huge amounts on our military as we seek to serve as the unpaid
policeman of the world. And to add insult to injury, now we are trying to be the unwelcome
storm troopers and jack booted thugs in Iraq. Which means other economies that don't have the military costs can undercut us in the world marketplace because their goods are cheaper.
because they don't have that military costs built in. And they eat butter while we eat guns.

Domestically we are borrowing from ourselves and others while we pile on public debt. You can always have a party until the money runs out.

Yes, its unsustainable. I don't think Ron Paul is necessarily the answer, but a long term balance of trade defect is always unsustainable. The cause of the disease and the remedy are clear. We can't have guns and butter. And we can't keep running balance of trade deficits.

Long term our currency is fine. This isn't the first time we have been devalued and, like those times before, it's a cyclical event.

The US wasn't in debt to it's eyeballs before. Things are not the same this time around.

it's a cyclical event--I guess it's one way to view the changes, in cycle. However, the world has changed a lot since, like Lemon and GrGr pointed out we are in debt like crazy, other countries finance our debt loving society. US no longer manufacturer like it used to, etc.

We assume USA will always be #1, and hope these dips are just part of the cycle. But too many outside factors have changed that isn't part of last cycle. I don't see economically and politically USA will be like before.

 

[NoStateofMind]

I think they stated that 70% of our GDP is based on consumer spending, and I have heard that from somewhere else as well, just can't put my finger on it. This is not good and not sustainable. We cannot continue to spend more than we save and import more than we export and expect our dollar to not weaken drastically. No wonder bush said after 9-11 "Go shopping" because thats what our credit line (debt line) is built on. A spending society that is soon to come to a grinding halt.