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Falling dollar.. Good or bad?


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Posted
I feel there is a need for welfare. I always say that anyone of us can end up with nothing with one bad decision. The problem is it shouldn't be a bottomless teet of the taxpayers money. If you can't show that you are making progress or genuinely attempting to better yourself to get off welfare, prove that you are not using drugs, and won't be having any more children until you are off welfare (I'd even prefer the government pay for the birth control than another birth and support another child), then you lose it.

 

I kind of agree... sort of. I don't really like welfare.... The main reason for that is because of the abuse. I live and have lived in several towns where the majority of people were on welfare. I see how they go to the store and get bags and bags of chips with their welfare money. Or they trade their card to johnny hustler down the road so his family can get fat while theirs starves... but they got to get high.

 

I do see some good behind welfare however for honest people. It's just proving which ones are honest, without being a communist, that is the difficult part.

Intelligent people think...

how ignorance must be bliss....

idiots have it so easy, it's not fair...

to have to think...

WHAT IT WOULD BE LIKE TO BE AMONG THOSE FORTUNATE MASSES..... :cool:

 

Hey, "Non-believers" I've just got one thing to say to ya... If you're right, then what difference does it make, it wont matter when we're dead anyway... But if I'm right... Well, hey... Ya better be right...

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Posted

The only thing we have to fear is fear it'self - nameless, unreasoning, unjustified, terror which paralyzes needed efforts to convert retreat into advance."

---- FDR - First Inaugural Address, March 4, 1933

The power to do good is also the power to do harm. - Milton Friedman

 

 

"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." - James Madison

Posted
I feel there is a need for welfare. I always say that anyone of us can end up with nothing with one bad decision. The problem is it shouldn't be a bottomless teet of the taxpayers money. If you can't show that you are making progress or genuinely attempting to better yourself to get off welfare, prove that you are not using drugs, and won't be having any more children until you are off welfare (I'd even prefer the government pay for the birth control than another birth and support another child), then you lose it.
Excellent suggestions, I've always felt that welfare recipients should be drug tested. Birth control should be free.
Do the right thing!
Posted
Birth control should be free.

 

Not just free, required unless you can commit to abstinance. If you get pregnant again, you're off and if you can't support the children, they should go into the system.

 

The welfare money should also be issued on a debit card type of payment, where it limits the items that can be purchased. No tobacco, alcohol, gambling (lotterys and such).

Posted
Not just free, required unless you can commit to abstinance. If you get pregnant again, you're off and if you can't support the children, they should go into the system.

 

The welfare money should also be issued on a debit card type of payment, where it limits the items that can be purchased. No tobacco, alcohol, gambling (lotterys and such).

 

This kind of stuff I can agree with. They'll still figure ways to screw the system (trading the card for drugs)... but it would help.

Intelligent people think...

how ignorance must be bliss....

idiots have it so easy, it's not fair...

to have to think...

WHAT IT WOULD BE LIKE TO BE AMONG THOSE FORTUNATE MASSES..... :cool:

 

Hey, "Non-believers" I've just got one thing to say to ya... If you're right, then what difference does it make, it wont matter when we're dead anyway... But if I'm right... Well, hey... Ya better be right...

Posted
They tried that.. people lived like animals.. no safety standards.. no security standards.. just a body to be used and abused..

 

don't like it? Better yourself and get a better job.

I'm trusted by more women.
Posted
This kind of stuff I can agree with. They'll still figure ways to screw the system (trading the card for drugs)... but it would help.

 

The money would have to directly into the account and if you loose it (trade it) you have a waiting period to have it replaced. So you may not get your next deposit for a while so you best be holding onto the card.

Posted
Seems odd with our country 10 trillion dollars in debt..

 

 

You could get your tax rebate by May - Tax Tactics - MSNBC.com

 

 

The 10 trillion pales in comparison to financing government healthcare benefits as the baby boomers age.

The power to do good is also the power to do harm. - Milton Friedman

 

 

"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." - James Madison

Posted
The 10 trillion pales in comparison to financing government healthcare benefits as the baby boomers age.

 

It's gonna be pandemonium...

  • 2 weeks later...
Posted

"Euros Accepted" signs pop up in New York City

 

NEW YORK (Reuters) - In the latest example that the U.S. dollar just ain't what it used to be, some shops in New York City have begun accepting euros and other foreign currency as payment for merchandise. ADVERTISEMENT

 

"We had decided that money is money and we'll take it and just do the exchange whenever we can with our bank," Robert Chu, owner of East Village Wines, told Reuters television.

 

The increasingly weak U.S. dollar, once considered the king among currencies, has brought waves of European tourists to New York with money to burn and looking to take advantage of hugely favorable exchange rates.

 

 

"Euros Accepted" signs pop up in New York City - Yahoo! News

Posted
"Euros Accepted" signs pop up in New York City

 

NEW YORK (Reuters) - In the latest example that the U.S. dollar just ain't what it used to be, some shops in New York City have begun accepting euros and other foreign currency as payment for merchandise. ADVERTISEMENT

 

"We had decided that money is money and we'll take it and just do the exchange whenever we can with our bank," Robert Chu, owner of East Village Wines, told Reuters television.

 

The increasingly weak U.S. dollar, once considered the king among currencies, has brought waves of European tourists to New York with money to burn and looking to take advantage of hugely favorable exchange rates.

 

 

"Euros Accepted" signs pop up in New York City - Yahoo! News

 

 

 

I just saw that earlier... Wont be long before we're begging for aid from Somalia..:rolleyes:

Posted
"Euros Accepted" signs pop up in New York City

 

NEW YORK (Reuters) - In the latest example that the U.S. dollar just ain't what it used to be, some shops in New York City have begun accepting euros and other foreign currency as payment for merchandise. ADVERTISEMENT

 

"We had decided that money is money and we'll take it and just do the exchange whenever we can with our bank," Robert Chu, owner of East Village Wines, told Reuters television.

 

The increasingly weak U.S. dollar, once considered the king among currencies, has brought waves of European tourists to New York with money to burn and looking to take advantage of hugely favorable exchange rates.

 

 

"Euros Accepted" signs pop up in New York City - Yahoo! News

 

Great news. More business coming to America.

The power to do good is also the power to do harm. - Milton Friedman

 

 

"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." - James Madison

Posted
"Euros Accepted" signs pop up in New York City

 

NEW YORK (Reuters) - In the latest example that the U.S. dollar just ain't what it used to be, some shops in New York City have begun accepting euros and other foreign currency as payment for merchandise. ADVERTISEMENT

 

"We had decided that money is money and we'll take it and just do the exchange whenever we can with our bank," Robert Chu, owner of East Village Wines, told Reuters television.

 

The increasingly weak U.S. dollar, once considered the king among currencies, has brought waves of European tourists to New York with money to burn and looking to take advantage of hugely favorable exchange rates.

 

 

"Euros Accepted" signs pop up in New York City - Yahoo! News

 

Good maybe it will boost our economy. ;)

"You can't stop insane people from doing insane things by passing insane laws. That's just insane!" Penn & Teller

 

NEVER FORGOTTEN

Posted
Great news. More business coming to America.

 

 

Yeah, just like the Mexicans who vend on the streets who loved our money because their country was corrupt and the peso sucked...

 

If I wasn't a raging idiot, I woulda put everything I had in the euro back in 2000..

 

 

Next thing you know teach, I'll be hawking T shirts and key chains on the corner.. 2 for 5 euro's.. or 2 for 50$... :D

  • 2 weeks later...
  • 2 weeks later...
Posted
I'm doing pretty good. Ain't gotta worry about Muslims raping my nieces. The dollar will be 10% higher against the euro in one year.

The power to do good is also the power to do harm. - Milton Friedman

 

 

"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." - James Madison

Posted
But just think. If we actually still manufactured anything it would be easy to export.

 

 

Leading export nations

Germany $ 1,361,000,000,000 2007 est.

European Union $ 1,330,000,000,000 2005

China $ 1,221,000,000,000 2007 est.

United States $ 1,140,000,000,000 2007 est.

Japan $ 665,700,000,00

 

We export a hell of a lot we just import a hell of a lot more.

 

Milton Friedman:

 

The fallacy in this argument is the loose use of the terms "high" wage and "low" wage. What do high and low wages mean? American workers are paid in dollars; Japanese workers are paid in yen. How do we compare wages in dollars with wages in yen? How many yen equal a dollar? What determines the exchange rate?

 

Consider an extreme case. Suppose that, to begin with, 360 yen equal a dollar. At this exchange rate, the actual rate of exchange for many years, suppose that the Japanese can produce and sell everything for fewer dollars than we can in the United States--TV sets, automobiles, steel, and even soybeans, wheat, milk, and ice cream. If we had free international trade, we would try to buy all our goods from Japan. This would seem to be the extreme horror story of the kind depicted by the defenders of tariffs--we would be flooded with Japanese goods and could sell them nothing.

 

Before throwing up your hands in horror, carry the analysis one step further. How would we pay the Japanese? We would offer them dollar bills. What would they do with the dollar bills? We have assumed that at 360 yen to the dollar everything is cheaper in Japan, so there is nothing in the U.S. market that they would want to buy. If the Japanese exporters were willing to burn or bury the dollar bills, that would be wonderful for us. We would get all kinds of goods for green pieces of paper that we can produce in great abundance and very cheaply. We would have the most marvelous export industry conceivable.

 

Of course, the Japanese would not in fact sell us useful goods in order to get useless pieces of paper to bury or burn. Like us, they want to get something real in return for their work. If all goods were cheaper in Japan than in the United States at 360 yen to the dollar, the exporters would try to get rid of their dollars, would try to sell them for 360 yen to the dollar in order to buy the cheaper Japanese goods. But who would be willing to buy the dollars? What is true for the Japanese exporter is true for everyone in Japan. No one will be willing to give 360 yen in exchange for one dollar if 360 yen will buy more of everything in Japan than one dollar will buy in the United States. The exporters, on discovering that no one will buy their dollars at 360 yen, will offer to take fewer yen for a dollar. The price of the dollar in terms of the yen will go down--to 300 yen for a dollar or 250 yen or 200 yen. Put the other way around, it will take more and more dollars to buy a given number of Japanese yen. Japanese goods are priced in yen, so their price in dollars will go up. Conversely, U.S. goods are priced in dollars, so the more dollars the Japanese get for a given number of yen, the cheaper U.S. goods become to the Japanese in terms of yen.

 

The price of the dollar in terms of yen would fall, until, on the average, the dollar value of goods that the Japanese buy from the United States roughly equaled the dollar value of goods that the United States buys from Japan. At that price everybody who wanted to buy yen for dollars would find someone who was willing to sell him yen for dollars.

 

The actual situation is, of course, more complicated than this hypothetical example. Many nations, and not merely the United States and Japan, are engaged in trade, and the trade often takes roundabout directions. The Japanese may spend some of the dollars they earn in Brazil, the Brazilians in turn may spend those dollars in Germany, the Germans in the United States, and so on in endless complexity. However, the principle is the same. People, in whatever country, want dollars primarily to buy useful items, not to hoard, and there can be no balance of payments problem so long as the price of the dollar in terms of the yen or the deutsche mark or the franc is determined in a free market by voluntary transactions.

The power to do good is also the power to do harm. - Milton Friedman

 

 

"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." - James Madison

Posted
From reading that, I would say it's about five years old, or more, and last I heard Germany was part of the EU which means EU exports are probably double. Right now the US' biggest export seems to be jobs (and major construction equipment and military weapons systems). You say that the dollar will be back up 10% against the Euro in about a year - that's after it's fallen over 20%. But that's just my opinion.:)
Posted
From reading that, I would say it's about five years old, or more, and last I heard Germany was part of the EU which means EU exports are probably double. Right now the US' biggest export seems to be jobs (and major construction equipment and military weapons systems). You say that the dollar will be back up 10% against the Euro in about a year - that's after it's fallen over 20%. But that's just my opinion.:)

 

I have to agree. I cannot imagine America doing well in the long run when most of our jobs are based on the service industry.

Posted
From reading that, I would say it's about five years old, or more, and last I heard Germany was part of the EU which means EU exports are probably double. Right now the US' biggest export seems to be jobs (and major construction equipment and military weapons systems). You say that the dollar will be back up 10% against the Euro in about a year - that's after it's fallen over 20%. But that's just my opinion.:)

 

Ya caint read too well.

The power to do good is also the power to do harm. - Milton Friedman

 

 

"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." - James Madison

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