|
|
|
BigPapaSmurf
SFN Die Hard
3192 Posts |
 Posted - 09/20/2007 : 11:34:22
|
Link
Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East.
link
The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.
Sept. 20 (Bloomberg) -- Canada's dollar rose, trading almost equal to the U.S. dollar for the first time in 31 years, as climbing commodity prices boosted the outlook for the world's eighth-biggest economy. The currency reached as high as 99.99 U.S. cents, and hasn't equaled $1 since November 1976
The dollar has reached a new low agfainst the Euro which is now worth 1.4USD
link
Saudi de-peg inevitable
link
Greenspan warns of massive inflation in next few years, blames republicans, for allowinf irresposible white house actions, takes a small part of the blame.
FRANKFURT, Germany (AP) -- Former U.S. Federal Reserve chairman Alan Greenspan said it is possible that the euro could replace the U.S. dollar as the reserve currency of choice.
Edit: Gold is at its high since 1980 and Oil is at its highest ever point.
Quote from today
"I say that the fundamentals of our nation's economy are strong," Bush told a White House news conference.
|
"...things I have neither seen nor experienced nor heard tell of from anybody else; things, what is more, that do not in fact exist and could not ever exist at all. So my readers must not believe a word I say." -Lucian on his book True History
"...They accept such things on faith alone, without any evidence. So if a fraudulent and cunning person who knows how to take advantage of a situation comes among them, he can make himself rich in a short time." -Lucian critical of early Christians c.166 AD From his book, De Morte Peregrini |
Edited by - BigPapaSmurf on 09/20/2007 11:40:55
|
|
|
Cuneiformist
The Imperfectionist
USA
4955 Posts |
 Posted - 09/20/2007 : 12:23:41 [Permalink]
|
Yeah, you know it's bad when the Canadian dollar is the same as the US dollar. You think the Canadians are pissed they have to pay so much more for books?!?
What a miserable President we have, and how utterly pathetic that he lives in such a bubble. |
 |
|
|
JEROME DA GNOME
BANNED
2418 Posts |
 Posted - 09/20/2007 : 17:46:00 [Permalink]
|
The lower the FED interest rate, the larger amount of Dollars in circulation. A larger amount of dollars makes each dollar worth less.
|
What a man believes upon grossly insufficient evidence is an index into his desires -- desires of which he himself is often unconscious. If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence. The origin of myths is explained in this way. - Bertrand Russell |
|
|
|
JEROME DA GNOME
BANNED
2418 Posts |
Posted - 09/20/2007 : 17:49:28 [Permalink]
|
Also:
Too many Dollars will cause inflation, as there are more Dollars chasing goods.
A dumb high school drop out like myself can figure this out.
The FED knew exactly what it was doing in the 70's and knows exactly what it is doing now.
There is no big mystery.
edit: typed few-meant many
|
What a man believes upon grossly insufficient evidence is an index into his desires -- desires of which he himself is often unconscious. If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence. The origin of myths is explained in this way. - Bertrand Russell |
| Edited by - JEROME DA GNOME on 09/22/2007 10:44:04 |
|
|
|
pleco
SFN Addict
USA
2998 Posts |
Posted - 09/20/2007 : 17:49:42 [Permalink]
|
Going back further in time...
|
by Filthy
The neo-con methane machine will soon be running at full fart. |
|
|
|
|
JEROME DA GNOME
BANNED
2418 Posts |
Posted - 09/20/2007 : 17:51:51 [Permalink]
|
Originally posted by pleco
Going back further in time...
|
Better plot. More information. Thanks. |
What a man believes upon grossly insufficient evidence is an index into his desires -- desires of which he himself is often unconscious. If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence. The origin of myths is explained in this way. - Bertrand Russell |
|
|
|
The Rat
SFN Regular
Canada
1370 Posts |
Posted - 09/20/2007 : 20:14:53 [Permalink]
|
| Strange as it may seem, as a Canadian I have to agree. Our economy has been doing well for quite a while, but has remained fairly stable as far as I know. The reason for the parity we now have is because of the failure of the U.S. economy, not the rise of ours. But what can you expect when you're in debt to a place like the PRC in order to finance a war that should never have been waged in the first place, and has been so mismanaged as to make it one of the biggest fiascos in human history. |
Bailey's second law; There is no relationship between the three virtues of intelligence, education, and wisdom.
You fiend! Never have I encountered such corrupt and foul-minded perversity! Have you ever considered a career in the Church? - The Bishop of Bath and Wells, Blackadder II
Baculum's page: http://www.bebo.com/Profile.jsp?MemberId=3947338590 |
|
|
|
JEROME DA GNOME
BANNED
2418 Posts |
Posted - 09/20/2007 : 20:25:16 [Permalink]
|
Originally posted by The Rat
Strange as it may seem, as a Canadian I have to agree. Our economy has been doing well for quite a while, but has remained fairly stable as far as I know. The reason for the parity we now have is because of the failure of the U.S. economy, not the rise of ours. But what can you expect when you're in debt to a place like the PRC in order to finance a war that should never have been waged in the first place, and has been so mismanaged as to make it one of the biggest fiascos in human history.
|
The thing is: The war has been planned and managed correctly for the desired results.
 |
What a man believes upon grossly insufficient evidence is an index into his desires -- desires of which he himself is often unconscious. If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence. The origin of myths is explained in this way. - Bertrand Russell |
|
|
|
Cuneiformist
The Imperfectionist
USA
4955 Posts |
Posted - 09/20/2007 : 20:43:56 [Permalink]
|
| You give them too much credit. |
|
|
|
moakley
SFN Regular
USA
1888 Posts |
Posted - 09/20/2007 : 21:23:30 [Permalink]
|
Originally posted by JEROME DA GNOME
Originally posted by The Rat
Strange as it may seem, as a Canadian I have to agree. Our economy has been doing well for quite a while, but has remained fairly stable as far as I know. The reason for the parity we now have is because of the failure of the U.S. economy, not the rise of ours. But what can you expect when you're in debt to a place like the PRC in order to finance a war that should never have been waged in the first place, and has been so mismanaged as to make it one of the biggest fiascos in human history.
|
The thing is: The war has been planned and managed correctly for the desired results.
|
I know that the argument of personal incredulity is not a very good one, so lets call it a question. I just can't imagine anyone wanting the results that we have today with the war in Iraq? Why do you suggest that these are the desired results? Is it a fight 'em there mentality?
edited to add 'em |
Life is good
Philosophy is questions that may never be answered. Religion is answers that may never be questioned. -Anonymous |
| Edited by - moakley on 09/20/2007 21:25:11 |
|
|
|
JEROME DA GNOME
BANNED
2418 Posts |
Posted - 09/20/2007 : 21:35:24 [Permalink]
|
Originally posted by moakley
I know that the argument of personal incredulity is not a very good one, so lets call it a question. I just can't imagine anyone wanting the results that we have today with the war in Iraq? Why do you suggest that these are the desired results? Is it a fight 'em there mentality?
|
Here is some current headlines which, if contemplated over, will bring an understanding that this war was carried out correctly.
Dubai is moving to acquire 19.9 percent of the Nasdaq in New York.
| Dubai also will acquire 28 percent of the London Stock Exchange, one of the oldest and largest in the world. |
Carlyle agreed on Thursday to sell a 7.5 per cent stake in itself to an arm of Abu Dhabi's government – the latest US private equity group to bring in a sovereign wealth fund as a big investor.
Also, remember the ports sold on the east coast. Another reminder would be the west coast ports in the 90's under a different administration. These plans are long term and not party related.
|
What a man believes upon grossly insufficient evidence is an index into his desires -- desires of which he himself is often unconscious. If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence. The origin of myths is explained in this way. - Bertrand Russell |
|
|
|
Boron10
Religion Moderator
USA
1266 Posts |
Posted - 09/20/2007 : 22:05:54 [Permalink]
|
Originally posted by JEROME DA GNOME
Also, remember the ports sold on the east coast. Another reminder would be the west coast ports in the 90's under a different administration. These plans are long term and not party related. |
I don't know why I allow you to suck me into these, but here goes:
In your opinion, how long has this treasonous conspiracy in the US leadership been dominant?
Was Kennedy part of it? FDR? Teddy Roosevelt? Lincoln? Polk? John Adams? John Adams? Washington?
It really seems like you're claiming that an ongoing conspiracy exists to turn this government over to every other government in the planet. Do you have any idea how silly that sounds? Please correct me, since I am sure that's not really your position. |
|
|
|
HalfMooner
Dingaling
Philippines
15831 Posts |
Posted - 09/20/2007 : 22:33:06 [Permalink]
|
Jack Chick explains the pecking order in what Jerome's merely hinting at, in clear graphics that only an idiot could understand:
The Devil, it seems, is a stereotypical Jew. Unlike Jesus.
|
“Biology is just physics that has begun to smell bad.” —HalfMooner
Here's a link to Moonscape News, and one to its Archive. |
|
|
|
Cuneiformist
The Imperfectionist
USA
4955 Posts |
Posted - 09/21/2007 : 02:44:31 [Permalink]
|
Originally posted by HalfMooner
The Devil, it seems, is a stereotypical Jew. Unlike Jesus. |
And he's so cute with his little Pope doll! |
|
|
|
Cuneiformist
The Imperfectionist
USA
4955 Posts |
Posted - 09/21/2007 : 06:02:25 [Permalink]
|
| More on the dollar and its plunge can be seen over on economist Paul Krugman's blog. |
|
|
|
pleco
SFN Addict
USA
2998 Posts |
Posted - 09/21/2007 : 06:25:19 [Permalink]
|
Originally posted by JEROME DA GNOME
Also:
Too few Dollars will cause inflation, as there are fewer Dollars chasing goods.
A dumb high school drop out like myself can figure this out.
The FED knew exactly what it was doing in the 70's and knows exactly what it is doing now.
There is no big mystery.
|
So, can you specify what you are implying?
Also, what was the FED doing in the 50's after WWII when at that time the US economy was doing quite well? |
by Filthy
The neo-con methane machine will soon be running at full fart. |
|
|
|
 |
|
GWB's Legacy: The failure of the almighty dollar
