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Dollar is under attack... goes down in value

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Now, Chinese and Russians try to drive US economy into the ground...

[url]http://news.yahoo.com/s/politico/20091008/pl_politico/28091[/url]

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Posted · Report post

[url]http://www.carolinahuddle.com/forum/the-tinderbox/21804-one-step-closer-to-americas-demise.html[/url]

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Posted · Report post

looked for it but didnt see it

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Posted · Report post

Noboys seems to really care. Almost as if they want it to happen.

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[quote name='Jangler']Noboys seems to really care. Almost as if they want it to happen.[/QUOTE]

That would be a disaster if it to happen. I don't know why China is doing this, it makes no sense... Maybe they have no faith in our government ability to pay back the money?

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Posted · Report post

The dollar's been on an eight year slide and this is just a recent development.

The reason there are talks of dethroning the dollar is because of its ongoing weakness. In fact you could argue that the only thing that has kept it afloat over the past decade is its status as world reserve currency.

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Posted · Report post

A weaker dollar isn't necessarily a bad thing

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[quote name='RedMage138']A weaker dollar isn't necessarily a bad thing[/QUOTE]

You must work for the Obama administration.

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[quote name='RedMage138']A weaker dollar isn't necessarily a bad thing[/QUOTE]

You don't really understand this whole "money" thing do ya ?

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weaker US dollar is bad for me...personally it's great of course, but Canada hurts more when the US dollar is low.

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Expect Ben to raise 0.25 soon. Remember I thing I talk about from time to time. Momentum money. Equities have done pretty well the last 6 months. Some are hedging and going to gold and oil etc.
The smart guys are buying Yens and Francs.
In your 401k. Make sure you are at least 10-25% FOREIGN right now. Spread it around.

I just wish the US would sell a few tons of gold right now to shock the system. For giggles.

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[quote name='Kurb']You don't really understand this whole "money" thing do ya ?[/QUOTE]

A weaker dollar does have some advantages. It makes american exports cheaper, and imports more expensive. It makes it more expensive for companies to outsource jobs and cheaper to keep them in the US.

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