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Falling dollar.. Good or bad?


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Posted
The dollar bottomed out against the euro in March. It's been going up since.

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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Posted
The dollar bottomed out against the euro in March. It's been going up since.

 

 

I'm counting on the fact that our "leaders" aren't total dumbasses and will realize at some point they need to strengthen the $$..

 

If people were smart, they'd do everything they can to get out of debt now. Interest rates are gonna skyrocket at some point here.. Or the dollar will become worthless.

 

Things are pretty F'd up right now.. the worlds changing quickly.. Lots of people losing jobs. Tons.. Specially in real estate and construction... Pretty much anything to do with houses is in the toilet.

 

It's crazy.. 5 - 10 years ago, people were fleeing metro areas and moving farther and farther away from their jobs. Now many prolly work to basically eat and buy gas to get to work while their house goes into forclosure.

Posted
The core problem is supply of basic commodities is lagging behind increased demand caused by China and India's expanding economies. It could be Thomas Malthus is finally right, or it could be temporary until new technologies are developed. Little we can do short of nuking China and India back into the stone age. The good news is globalization is keeping prices under control for manufactured goods.

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
That's a quote which was falsely attributed to Winston Churchill. I couldn't find the author, either.

If you're not liberal when you're young...

 

My favorite Winnie quote:

 

?I may be drunk, Miss, but in the morning I will be sober and you will still be ugly.?

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
This is probably your first mistake.

 

 

Yeah.. No .. :D

 

 

 

 

The core problem is supply of basic commodities is lagging behind increased demand caused by China and India's expanding economies. It could be Thomas Malthus is finally right, or it could be temporary until new technologies are developed. Little we can do short of nuking China and India back into the stone age. The good news is globalization is keeping prices under control for manufactured goods.

 

 

You're prolly right, but it's more than just that.. Food, like everything else is constantly, bit by bit being concentrated into fewer and fewer hands. Not a good recipe for the future I'm afraid.

 

 

Wouldn't seem smarter to actually produce what we can near the source of use instead of "creating markets" to ship crap all over hells half acre? The problem is, we really don't manufacture any of those goods anymore. They stay cheap with slave labor.

Posted
The core problem is supply of basic commodities is lagging behind increased demand caused by China and India's expanding economies. It could be Thomas Malthus is finally right, or it could be temporary until new technologies are developed. Little we can do short of nuking China and India back into the stone age. The good news is globalization is keeping prices under control for manufactured goods.
Time to increase supply. Time to drill where it's not popular. Of course, more oil isn't any kind of a solution if it can't be refined. AT THE SAME TIME, it's time to get serious about alternate fuels.
Posted
Time to increase supply. Time to drill where it's not popular. Of course, more oil isn't any kind of a solution if it can't be refined. AT THE SAME TIME, it's time to get serious about alternate fuels.

 

 

Part of the solution:

 

Air-Powered Car Coming to U.S. in 2009 to 2010 - Zero Pollution Motors - 1000-Mile Range - Popular Mechanics

 

It seems to me autos could also utilize wind power. If you are cruising at 70 there is a bit of energy to capture.

 

http://www.motorauthority.com/news/car-shows/wind-and-solar-powered-venturi-eclectic/

 

As oil gets more expensive substitutes arrive.

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
Part of the solution:

 

Air-Powered Car Coming to U.S. in 2009 to 2010 - Zero Pollution Motors - 1000-Mile Range - Popular Mechanics

 

It seems to me autos could also utilize wind power. If you are cruising at 70 there is a bit of energy to capture.

Motor Authority ? Wind and solar powered Venturi Eclectic

 

As oil gets more expensive substitutes arrive.

Could just put a couple of air scoops in the grill to turn a turbine. It would add a small amount of resistance, but a/c use the principle by dropping a wind generator out of their bodies. It's not that large.
  • 4 weeks later...
Posted

I see some genius's in Cali are offering 2 houses for the price of 1... Buy a dump in one area for 1.6 mil. and get a "free" $400,000 dump in another area.. My how the mighty have fallen...

 

 

What they don't tell ya is the 1.6 mil dump is really worth $300,000 and the $400,000 dump is really worth $45,000... Where's the jobs?

 

 

http://latimesblogs.latimes.com/laland/2008/06/in-escondido-bu.html

 

 

"We thought, 'Why does it just have to be on Pop Tarts and restaurants? Why not buy one home, get one free,'" Dawn Berry of Michael Crews Development told 10 News in San Diego.

 

 

What a ing dumbass...

  • 2 weeks later...
Posted

It appears that the US economy looks so bad and because the dollar is so weak, a Belgian company is trying to buy out Anheiser Bush.

 

InBev eyes $46 billion Anheuser Busch bid

 

updated 3:39 p.m. CT, Fri., May. 23, 2008

 

LONDON - Shares of Anheuser-Busch hit an all-time on Friday on reports that Europe’s InBev SA was working on a $46 billion bid for the St. Louis-based brewer.

 

Anheuser-Busch shares rose 7.7 percent, or $4.03, to close at $56.61, after reaching as high as $58 earlier in the day.

 

Belgian brewer may bid for Anheuser Busch - Food Inc. - MSNBC.com

 

That thought isn't going over well with Americans or American politicians.

 

Save Anheuser-Busch becomes beer-guzzlers' cry. But why? | Midwest Voices

 

Politicians oppose Belgian bid for Anheuser-Busch: Financial News - Yahoo! Finance

 

First our money went over seas to the oil nations, then Japan for cars, I'll be damned if I'm going to have my hard earned money go to Begium for a Bud Light. :cool:

Posted
It appears that the US economy looks so bad and because the dollar is so weak, a Belgian company is trying to buy out Anheiser Bush.

 

 

 

Belgian brewer may bid for Anheuser Busch - Food Inc. - MSNBC.com

 

That thought isn't going over well with Americans or American politicians.

 

Save Anheuser-Busch becomes beer-guzzlers' cry. But why? | Midwest Voices

 

Politicians oppose Belgian bid for Anheuser-Busch: Financial News - Yahoo! Finance

 

First our money went over seas to the oil nations, then Japan for cars, I'll be damned if I'm going to have my hard earned money go to Begium for a Bud Light. :cool:

 

That's alright. Canada makes better beer anyway.

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

 

NEVER FORGOTTEN

Posted
That's alright. Canada makes better beer anyway.

 

What are you a Molsen's guy? To be honest, I like Heineken Beck's and Moosehead beer about the best, but when at a place that only has domestic beer, I order either Bud Light or Michelobe. It would suck either way to think that just because the dollar is weak, the largest brewery in the world is able to be bought by a European country.

Posted
What are you a Molsen's guy? To be honest, I like Heineken Beck's and Moosehead beer about the best, but when at a place that only has domestic beer, I order either Bud Light or Michelobe. It would suck either way to think that just because the dollar is weak, the largest brewery in the world is able to be bought by a European country.

 

No I love La fin du Monde. from the Unibroue Company. 9% by volume. ;)

 

http://www.unibroue.com/products/fin.cfm

If you haven't tried it you need to! It costs but its the best!!

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

 

NEVER FORGOTTEN

Posted

I see the market's tumbling and oil is rising again.. At what point does this turn into WWIII ?

 

 

A global economy is fine, as long as the standards are the same. I'm tired of the freaking lip service.. "outsourcing is good, blah, blah, blah"... Good for who is the question.. The slaves?

 

 

Somethings gonna give at some point.. Aint gonna be pretty.

 

 

Wonder what I should have for lunch today.. Nine lives, Meow mix, or Friskies? Hmmmmmmmm

Posted
You mean the part about all of us being on the hook to pay off the loans that these people took out on houses that they couldn't afford? Yea, it is depressing.

 

You'd think that someone would remember how horrible an idea this was when there was the savings and loan bailout.

 

 

That gets me the worst.. Plus, it will continue to keep asset prices artificially high..

 

Really though, all the people who bit off more than 10 generations could chew wont reap a windfall.. It'll be the 1% who own everything and everyone..

Posted
I see the market's tumbling and oil is rising again.. At what point does this turn into WWIII ?

 

 

A global economy is fine, as long as the standards are the same. I'm tired of the freaking lip service.. "outsourcing is good, blah, blah, blah"... Good for who is the question.. The slaves?

 

 

Somethings gonna give at some point.. Aint gonna be pretty.

 

 

Wonder what I should have for lunch today.. Nine lives, Meow mix, or Friskies? Hmmmmmmmm

Damn, wish I could afford the good stuff. :(
Posted
Thank goodness I'm still able to get the gourmet stuff.

 

[attach=full]1252[/attach]

 

Yumm.

 

 

Lucky bastard.. Looks like everday is Christmas dinner at your house..

425fb7d926521f42665ffccdf1c93ae1.jpg.c230f42f590e04d53b76cc5e1f30978e.jpg

  • 2 weeks later...
Posted

Well.. here "we" go again.. Grab your buckets and sponges, "we're" taking on water...

 

Fannie, Freddie stocks and bonds plummet | Reuters

 

 

....Stoking concerns, former St. Louis Federal Reserve President William Poole said the two major U.S. mortgage finance companies were "insolvent" and may need a U.S. government bailout, according to Bloomberg News.

 

Republican presidential candidate Sen. John McCain told reporters the two companies "cannot and will not fail" and that "we will do what's necessary" to keep the companies afloat.

 

You do that, genius..

 

I got two words and a couple quotation marks for that..

 

Frack "them"

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