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Dollar is under attack... goes down in value


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#1 ARSEN

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Posted 08 October 2009 - 01:54 PM

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

http://news.yahoo.co..._politico/28091

#2 Jangler

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Posted 08 October 2009 - 01:58 PM

http://www.carolinah...cas-demise.html

#3 ARSEN

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Posted 08 October 2009 - 02:00 PM

looked for it but didnt see it

#4 Jangler

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Posted 08 October 2009 - 02:03 PM

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

#5 ARSEN

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Posted 08 October 2009 - 03:37 PM

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


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?

#6 Jase

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Posted 08 October 2009 - 03:42 PM

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.

#7 RedMage138

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Posted 08 October 2009 - 04:32 PM

A weaker dollar isn't necessarily a bad thing

#8 Jangler

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Posted 08 October 2009 - 05:08 PM

A weaker dollar isn't necessarily a bad thing


You must work for the Obama administration.

#9 Kurb

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Posted 08 October 2009 - 05:32 PM

A weaker dollar isn't necessarily a bad thing


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

#10 Hawk

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Posted 08 October 2009 - 07:45 PM

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

#11 pstall

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Posted 08 October 2009 - 07:55 PM

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.

#12 Davidson Deac II

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Posted 08 October 2009 - 08:30 PM

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


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.

#13 ARSEN

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Posted 08 October 2009 - 11:08 PM

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.


yea, but opportunities for FDI in the US will look a lil crappy.

#14 Matt Foley

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Posted 08 October 2009 - 11:29 PM

Why don't we just print a bunch of counterfeit Chinese and Russian money? That'll learn em.

#15 ARSEN

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Posted 09 October 2009 - 12:46 AM

Why don't we just print a bunch of counterfeit Chinese and Russian money? That'll learn em.


Demand and Supply bud... no body would want those 2 worthless currencies... especially russian, their money can be used as toilet paper.


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