That's probably ONE reason why it's going down.

I think the dollar is crashing simply because we've been the "reserve currency" of the world for so long that our government has taken it for granted...spent like mad, and basically wrecked the US financially.

case in point...our current debt:



The baby boomers are going to send this amount into the stratosphere when they retire in a few years, and the fundamentals of the US just aren't looking very good right now. We are being overtaken by other countries in both manufacturing and technology (China + India). Our education system has been ruined by teachers unions and a complete lack of competition...Children in America are just plain STUPID compared to kids in the rest of the world. Our military is stretched to the breaking point trying to police two civil wars in the middle east, and the fed is still printing money like there is no tomorrow. The future for America isn't as bright as it used to be. Other countries are slowly realizing this, and dumping their dollars as fast as possible.

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Originally posted by Capitalizt That's probably ONE reason why it's going down. I think the dollar is crashing simply because we've been the "reserve currency" of the world for so long that our government has taken it for granted...spent like mad, and basically wrecked the US financially. case in point...our current debt: The baby boomers are going to send this amount into the stratosphere when they retire in a few years, and the fundamentals of the US just aren't looking very good right now. We are being overtaken by other countries in both manufacturing and technology (China + India). Our education system has been ruined by teachers unions and a complete lack of competition...Children in America are just plain STUPID compared to kids in the rest of the world. Our military is stretched to the breaking point trying to police two civil wars in the middle east, and the fed is still printing money like there is no tomorrow. The future for America isn't as bright as it used to be. Other countries are slowly realizing this, and dumping their dollars as fast as possible.

We've exported our manufacturing to foreigners. Our educational system is purposefully sabotaged. Do you actually think these tyrants want their subjects educated, so they can question their dictatorship? NO. Why do you think college is increasingly harder and harder to get into with these skyrocketing tuition fees? In addition to that, high school drop out rates are 1 in 3!!Source

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Last edited by Krypton on Sep-29-2007 at 15:26

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Originally posted by Krypton And what country would be safe to reside in to get away from this globalist agenda?

So move, no one's forcing you to stay.
No one's forcing high school dropouts not to go back to school and finish their education. It's not exactly hard. Getting an associates degree is also easy as there's always the option of going to a community college, which is cheap, an easy commute for those who chose this route, and the classes are a joke.
Getting into college can be done through scholarships or loans.
The reason why tuition is up at state universities is b/c the value of the dollar is decreasing, b/c each year more and more students vie for a slot at these colleges, and b/c a growing number of foreign students apply to study there. It sucks that college tuition is slowly but surely increasing, but hey take that up with your state government (Florida), not the US government.

There is some truth to what capitalizt wrote - this country is in debt, some serious debt.

The dollar is not as strong as it once was for obvious reasons - global competition. In the 70s outside of western Europe and Japan most of the world was far poorer then America. Then you had countries like Taiwan and South Korea join the ranks. A decade and a half ago east European countries joined the free market, and look at how successful things are in places like Slovenia, Estonia, and especially in the Czech Republic.
You've got the awakening of the Chinese, Russian, and Indian economies. You've got increasing competition from South American countries. Basically what you have is a levelling of the playing field, and you've got a lot of American multinational companies that have relocated many of their resources abroad b/c manpower is still cheaper there.

Things are much more complicated then simply blaming the US government. Maybe you should be crying foul to the Japanese who have a quota set on the amount of foreign cars that can be imported to that country, or maybe you should be crying foul to the some of the governments of Europe that are still very protectionist of their industries, much moreso then American businesses.

Furthermore, even with the state of the US dollar things are still in order, not in chaos, like they were in some South East Asian countries in 1997.

Look back to 1987 when the stock market crashed in this country. It was a bigger crash then the one faced in 1929 yet the country didn't go to shit. Why? B/c we have the Fed, and we have smart and capable individuals in such places who don't push the panic button every two seconds.

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Originally posted by Krypton That's my take, any thoughts.

you failed to mention or include in your theory increased liquidity in global markets and overall health of the Euro economy.

the dollar does not exist in a vacuum.

EDIT>

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. I theorize that those who control the dollar are purposefully sabotaging the dollar's value

and who do you suppose is "controlling the dollar"?

Last edited by Q5echo on Sep-29-2007 at 22:43

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Originally posted by CHRles or maybe you should be crying foul to the some of the governments of Europe that are still very protectionist of their industries, much moreso then American businesses.

so true.

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Originally posted by CHRles So move, no one's forcing you to stay.

That wasn't the question. The question was what country is a safe-haven from international agendas.. You seem to think I hate this country. The very reason I'm so pissed off is because people at the top, the people you so dearly support, are fucking up my beloved country. I don't want an RFID implanted in my ass, I don't want to pay illegal income taxes, and I want no part in illegal wars of aggression. If have a problem with that, you can kiss my ass.

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No one's forcing high school dropouts not to go back to school and finish their education. It's not exactly hard. Getting an associates degree is also easy as there's always the option of going to a community college, which is cheap, an easy commute for those who chose this route, and the classes are a joke. Getting into college can be done through scholarships or loans.

So you are defending our horrible education system?

Here's a snapshot of what is really happening to cause high drop out rates, which you seem to want to defend..
http://abcnews.go.com/2020/Stossel/story?id=1500338

If my country wants to increase productivity, education, improve lives, and ECONOMIC DEVELOPMENT, then they would subsidize post-secondary education as Europe does. Europe has either free, or very low-cost access to university and college education. Why can't we have the same structure? Scholarships and loans? Who the hells wants to write 10 essays hoping to get just one scholarship? What if you didn't get that 3.0 minimum in high school? It just isn't fair.

Compare Europe...
"Across Europe, post-secondary education has traditionally been free and accessible to all. In recent years, however, the trend towards implementing tuition fees has been gaining popularity among cash-strapped European universities.

Britain was the first to impose tuition fees, which, at £1,025 ($2,276 CAD) a year, are Europe's most expensive. Holland, although its universities charge fees equal to $2,131 CAD a year, gives all students annual loans which become grants when certain academic requirements are met.

Education is still free in Finland, Sweden and Denmark, while Spain, Portugal, Austria, Italy and France have recently introduced tuition fees ranging from €600 ($931 CAD) to €1,450 ($2,250 CAD) a year."

to America...
"As for American students, many of them will be facing huge hikes this year as well. Tuition fees increased by 14.1 per cent at public universities and by six per cent at private institutions this year."

http://gauntlet.ucalgary.ca/story/6986

Want more?

Locals paying for local education Why can't the federal government do this? Oh, because they spend 500 billion dollars fighting wars of aggression perhaps?

College Tuition Continues to Rise in U.S.

47% of American parents can't afford tuition

Instead of defending this shit, realize there is a problem. K?

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The reason why tuition is up at state universities is b/c the value of the dollar is decreasing, b/c each year more and more students vie for a slot at these colleges, and b/c a growing number of foreign students apply to study there. It sucks that college tuition is slowly but surely increasing, but hey take that up with your state government (Florida), not the US government.

Provide at least one source so I can verify your first sentence.

And college tuition is not slowly increasing. You need to look at the stats...

"Bankrate, Inc. - today announced that according to a national poll commissioned by Bankrate, college costs are soaring, with the average tuition at a public four-year university increasing more than 35 percent in the last five years. Furthermore, 47 Percent of American parents surveyed cannot afford to put their children through college."
http://www.marketcapandgown.com/ind...ticle&aID=xgzmp

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The dollar is not as strong as it once was for obvious reasons - global competition. In the 70s outside of western Europe and Japan most of the world was far poorer then America. Then you had countries like Taiwan and South Korea join the ranks. A decade and a half ago east European countries joined the free market, and look at how successful things are in places like Slovenia, Estonia, and especially in the Czech Republic. You've got the awakening of the Chinese, Russian, and Indian economies. You've got increasing competition from South American countries. Basically what you have is a levelling of the playing field, and you've got a lot of American multinational companies that have relocated many of their resources abroad b/c manpower is still cheaper there.

You place far..FAR..too much emphasis on foreign activity to explain the falling US dollar. The main catalysts are...

1. US trade deficit..$800billion in 2006 or 7% of economy.
2. US Federal Budget Deficit..$413billion..Used to finance wars in Iraq, Afghanistan and as Dick Cheney said, "Deficits don't matter." It's like the admin has the attitude that they have a credit card with an unlimited credit limit, they just keep spending...and spending...and spending like the energizer bunny. Who pays? You and me.
http://news.bbc.co.uk/2/hi/business/4772049.stm
http://www.npr.org/templates/story/...storyId=4186041

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Things are much more complicated then simply blaming the US government. Maybe you should be crying foul to the Japanese who have a quota set on the amount of foreign cars that can be imported to that country, or maybe you should be crying foul to the some of the governments of Europe that are still very protectionist of their industries, much moreso then American businesses.

I was never talking about protectionism, so I ask you not to change the subject..

And I place blame where blame lies. The government is supposed to be in service to the people, but you seem to advocate that we the people are supposed to be sub-servant to the government. If that's your view, then one day, the government will fuck you over like they've done to millions of people.

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Furthermore, even with the state of the US dollar things are still in order, not in chaos, like they were in some South East Asian countries in 1997.

So are you saying that past history is a guarantee of the future? Sorry, but a sophisticated investor knows the inherent principle that the past is never a guarantee of the future in economics. The deficits this country is running will come back to bite all of us in the ass one day, and if it continues, I will not be here to take the fall. Good luck with that one chief.

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Look back to 1987 when the stock market crashed in this country. It was a bigger crash then the one faced in 1929 yet the country didn't go to shit. Why? B/c we have the Fed, and we have smart and capable individuals in such places who don't push the panic button every two seconds.

Are we talking about stock prices or dollar value? I'de like to stick to the subject at hand. Dollar value..

And if your point is that deficits don't matter, as Cheney believes, then I would say to you, at the moment, they don't. Why? Because we're living off debt.. The day our debts are called and we can't pay them because our dollar has gone to shit is the day that deficits will matter, even to neocons.

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Originally posted by Krypton That wasn't the question. The question was what country is a safe-haven from international agendas.. You seem to think I hate this country. The very reason I'm so pissed off is because people at the top, the people you so dearly support, are fucking up my beloved country. I don't want an RFID implanted in my ass, I don't want to pay illegal income taxes, and I want no part in illegal wars of aggression. If have a problem with that, you can kiss my ass.

The beauty of this country is that anytime the middle class is shrinking, or perceived to be getting shortchanged, we'll critize different insititutions in the hopes of change. This country acts much more swiftly (when compared to other countries) to try and correct its mistakes, or to come up with solutions.
Look at Brazil, it's been struggling for decades to increase the size of its middle class.
I don't have a problem with you bringing up the point that the dollar is weak, or that many US jobs are moving overseas. I have a problem with you immediately blaming the government.
Countries overseas seem to have no problem whatsoever with US companies exploiting overseas manpower, nor do most people in foreign countries. To those governments it means their people will have jobs, which means less pressure on those governments for reforms. US companies don't always want to do this, but feel they are compelled to in order to stay in business.
So again, is the US goernment really to blame? Or are there a multitude of countries that share in both the responsibility and blame?

BTW, I agree with you on the subject of education. The problem is that not everyone feels the same way we do about universal post-secondary education. That's why you'll find American students studying in countries like Germany where tuition costs are next to nothing, and yet the education is first rate.

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I don't have a problem with you bringing up the point that the dollar is weak, or that many US jobs are moving overseas. I have a problem with you immediately blaming the government.

The point of my theory was to speculate on the possible motives to allow the continuing erosion of our dollar at the highest levels of power in this country. It was not to examine what's happening at the corporate level.

NAFTA is entirely beneficial to multinational corporations, so those who influence the government in the interest of profits, will deliberately drive our economy into the ground, so they can then push in the Amero, and NAFTA. Look at the deficits, the falling dollar, the unsecured border.

But we can certainly agree to disagree..

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quote:

Originally posted by Krypton The point of my theory was to speculate on the possible motives to allow the continuing erosion of our dollar at the highest levels of power in this country. It was not to examine what's happening at the corporate level. NAFTA is entirely beneficial to multinational corporations, so those who influence the government in the interest of profits, will deliberately drive our economy into the ground, so they can then push in the Amero, and NAFTA. Look at the deficits, the falling dollar, the unsecured border. But we can certainly agree to disagree..

The problem is the rock and the hard place.

Intrest rates are the easy answer. Put them up and the debt laden public, corporate, and private sectors get squeezed with intrest payments causing a knock on drop in consumer spending. Put them down and the currency nose dives.

The fed has decided that inflation is less of a worry then slow down so the dollar is dropping.

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Originally posted by Capitalizt

lol wtf? Wasn't it 6 trillion in the beginning of bush's first term?

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"You won a new refrigerator, great! Where you gonna put it?" - Tony Danza