user ballots
Login
Register
Add One
FAQ/Contact
Popular Ballots
Recent Popular
Recent Votes
Best
Worst
Yes or No
Choices
What If
Prediction
Advice
Would You
Crime
Recommend
Quiz
TV & Movie
Music & Radio
Political
Science
Sports
Relationship
Techonology
Culture
Philosophy
Religion
Ethics
History
Food & Health
Fashion & Beauty
Crime
FanBase
Discussion
Bug Report
|
COMMENTS:
Voted : The U.S. dollar is becoming devalued and less relevant
And to the winner goes the spoils.
And from the winners, they go to a tax haven in the Cayman Islands.
Voted : The World is just in a "down" cycle
This "theory" has been raised, but mostly by people like Hugo Chavez and Mahmoud Ahmadinejad. It's absurd and they make idol threats all the time.
The factual reality is that our economy is too important to the world economy as a whole and all major economies are so intertwined, when one suffers, many others feel the pain.
Point in fact: China cannot afford to have us have economic problems, as most of what they build are for American and European countries. A downturn here, means a massive cut-back in production there. Similarly, even products of their own need to go some place, since their domestic market is still weak and emerging economies still lack a sufficient consumer basis for purchasing imports.
So the answer is no.
You mention that many countries that have resources are raising prices. I assume you mean Oil producing countries? They don't set the prices, believe it or not. The Commodities exchages in NY and London do. What is raising prices is huge demand and no significant increase in productivity. Remember, oil is primarily paid for in U.S. dollars, so in fact, those higher prices are hurting the entire world, not just the United States.
On the dollar, people really need to learn the facts on currency valuation. The reality is, certain countries, like Japan and China forced the U.S. dollar so high for so long, that it truly became worthless. Ironic. They did this because a STRONG currency means more imports are dumped in your market, where as your exports suffer because your currency is valued too high. Hence why Japan and China and now the EU and Canada too, want to see their currency de-valuate. The one thing the Bush administrtion has done that has been somewhat smart, was to force the dollar down. If you follow industry financial news, you'll know this has been a good thing. There are risks of course, but since the U.S. Dollar is still the foremost reserve currency, it is a safe bet that it can weather the planned devaluation. Once it settles into a normal level, all of this talk will go away.
Ask yourself this: why would Japan and China want the U.S. to have a strong currency? That in itself answers that question.
There is not one single leading economic expert with any good reputation that would support this "economic war" theory because it would be the most counter-productive thing for any nation or group of nations to do.
Sorry, but it's just not the reality.
Of course I had more to write, but figured I better put it in a second comment. :)
If anything, we're hurting our OWN economy because short-term thinkers who only care about immediate profits, have basically Wh**ed the U.S. economy. Greedy people outsourced jobs, outsourced manufacturing technology to other nations that they might not have developed it that soon that now we're all facing the consequences.
It's not just the United States, it's North America and all of Western Europe that is to blame. Nothing is built by any one country anymore and everything is so overwhelmingly inter-dependent that it's like a bunch of dominos. Cut backs by one country can have disasterous effects on 10 others countries and mostly, its in developing nations that cannot sustain a down-turn. They're so reliant on the west that it's mind boggeling.
And most of all, it's because our government, if it was a corporation, would have been idicted on charges of gross financial mis-conduct. That's true. If the U.S. government was put under the same scrutiny a coporation is, it would have been shut down by now. Blame the Democrats and Republicans that have over-spent trillions of dollars. That is the real threat.
Voted : The U.S. dollar is becoming devalued and less relevant
And we all need to worry about it more than we do about Brit or Amy.
"They don't set the prices, believe it or not. The Commodities exchages in NY and London do"
are you serious?
they are the major producers. They don't technically SET the prices, but they control it like a little dog on a choke leash.
if they do throttle back their production 50%, you think the "commodity market" will have a flying chance in hell in keeping the price down?
by LCD on Thu Mar 13, 08 12:32pm
[+]
"Japan and China forced the U.S. dollar so high for so long, that it truly became worthless"
I don't even know where to start with that one.
"They did this because a STRONG currency means more imports"
yeah, and the country became even stronger imposing tarriffs, that went into the coffers.
strong currency allows certain powers. powers to buy raw materials at dirt cheap prices. power to control policies of government, power to dictate world peace.
none of which we managed to do. I mean, in the late 80/early 90's soviets were no longer a country. We could have had a one country on earth, all running on Terran dollars.
missed opportunities.
by LCD on Thu Mar 13, 08 12:40pm
[+]
Oil demand is outstripping supply so simply by not increasing output the commodity is worth more... there are so many dollars "awash" in the world today many businesses don't want them, they are worth less almost daily... not to mention they are realy just "paper printed by the Federal Reserve (bank), not even a government entity, in effect so many are "floating around" it's like spliting stocks, you may have two now but they still equal "one" of the pre-splint ones... multiply that. It doesn't make sense to base the currency measurement on a Country that's the World's most indebted... so don't be surprised to see a shift (which is occurring as I type) in whose currency will prevail... related ballots... ballot #119244 ballot #119243 ballot #119149 ballot #118486
to answer the question, the war is waged against us by the spies that infiltrated the white house, and dictated by the lobbyists that send them messages on what to do by the foreign forces.
Barack Obama time.
by LCD on Thu Mar 13, 08 1:31pm
[+]
|
|
