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Dollar's fall is felt around the globe
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Tri Me
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Joined: 12 Nov 2002
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PostPosted: 24 Dec 2007 07:39:42 pm    Post subject: Dollar's fall is felt around the globe Reply with quote

http://www.msnbc.msn.com/id/22386732/

And it hasn't even been 10 years yet. But hey I'm just an ignorant kid that goes off on baseless tirades that magically seem to keep coming true. I must be a prophet! Ima go start a church.


God is good. But never dance in a small boat...
Phy
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Joined: 04 Jun 2002
Posts: 5466
Location: Wisconsin, USA

PostPosted: 24 Dec 2007 10:04:12 pm    Post subject: Reply with quote

There's the Christmas spirit for ya.

Hey, Grinchy McScrooge, give it a rest for, oh, the next 24 hours, and then you can make a fool of yourself all you want.


Johne (Phy) Cook | Overlord, Ray Gun Revival
Phy
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Joined: 04 Jun 2002
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PostPosted: 26 Dec 2007 04:18:41 am    Post subject: Reply with quote

Alrighty. As you were.

Johne (Phy) Cook | Overlord, Ray Gun Revival
DoubleV
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PostPosted: 26 Dec 2007 05:27:02 am    Post subject: Reply with quote

The page Tri Me linked is expired or deleted. I Google'd cache it and I uploaded it on my website.

If you want to read the article: http://dumpster.doublevnet.com/trime/
fenix
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Joined: 02 Mar 2005
Posts: 151
Location: Toronto, Canada

PostPosted: 26 Dec 2007 01:24:53 pm    Post subject: Reply with quote

Well, the good thing is that I was able to grab a nice lcd tv from buffalo. But our canadian dollar is starting to come back down to normal..

CloakedKilla
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PostPosted: 26 Dec 2007 08:17:20 pm    Post subject: Reply with quote

The U.S. dollar is in a perpetual state of decline. It's the entire nature of our monetary system that does this, and it will never stop. Every dollar in circulation was put out on interest. The Fed pumps new money into the supply all the time, dwindling the worth of each existing dollar.



dude
Sephirrrrrrrrrroth says:
i'm crying
Sephirrrrrrrrrroth says:
i just put aftershave on my nuts
Tri Me
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Joined: 12 Nov 2002
Posts: 899
Location: Tallahassee

PostPosted: 27 Dec 2007 10:09:14 pm    Post subject: Reply with quote

CloakedKilla wrote:
The U.S. dollar is in a perpetual state of decline. It's the entire nature of our monetary system that does this, and it will never stop. Every dollar in circulation was put out on interest. The Fed pumps new money into the supply all the time, dwindling the worth of each existing dollar.


Yes, inflation does cause the value of the dollar to decrease. However, the main reason why the dollar is in such a rapid decline right now is a combination of the trade deficit and the results of tax cuts and the war in Iraq that have created a huge US budget deficit. A lot of countries hold foreign currency reserves in dollars. If they were to switch from dollars to euro's the dollar will go straight to the shitter.


God is good. But never dance in a small boat...
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