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Sports Purpose 911 Driver
Join Date: Mar 2002
Location: La Jolla, CA
Posts: 4,368
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What is the future for the US Dollar?????
I am curious what those finance guys out there would car to comment on the future of the country based on what is happening with the dollar?
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James Shira R Gruppe # 271 1972 911 Coupe 3.8 RS ‘nbr two’ 1972 911 Coupe 3.2 TwinPlug MFI 'Tangerina-Jolie' 1955 356 Pre A Coupe ‘old red’ 1956 356A Emory speedster build in progress |
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11-17-2007, 06:08 PM
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Dog-faced pony soldier
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Two words: "Nuevo Peso".
Google it.
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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11-17-2007, 08:44 PM
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Registered
Join Date: Oct 2006
Location: Colorado, USA
Posts: 8,279
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I just saw on the news, even the rappers aren't showing suitcases full of dollars in their videos anymore, they are flashin' Euros now! (Seriously!)
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11-17-2007, 08:53 PM
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Registered
Join Date: May 2001
Location: Peoples Republic of Long Beach, NY
Posts: 21,140
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inflation
don't believe listed gov't inflation figures. They're rigged to lower SS benefits etc. I generally figure inflation is 2-3x what they say it is. $ value is priced on the world market.
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Ronin LB '77 911s 2.7 PMO E 8.5 SSI Monty MSD JPI w x6 |
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11-17-2007, 11:51 PM
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drag racing the short bus
Join Date: May 2002
Location: Location, Location...
Posts: 21,983
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The future of the U.S. dollar?
1) No vacations abroad (unless you're into Third World accommodations). 2) Forget about buying a new Mercedes, BMW or whatever. 3) A Canadian will be your new neighbor.
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The Terror of Tiny Town |
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11-18-2007, 12:06 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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If ya want the $$ to sstrenghten you need to raise interest rates....OHHH WAIT! If you raise interest rates you dry up liquidity all those banks, Hedge Funds etc with sub prime loans on their books just might go BK and since liquidity dried up so has the Stock Market and RE... Ohh you think RE prices have gone down..it will crash and burn...It might make Haitian RE look pricey.
And if the US market crashes and burns you will hear a sucking sound of the Global economy going right down with it. Now if we let the $$$ continue to fall, foreign investment in the US will dry up as they will continue to lose money on the currency exchange rate. If foreign investment should dry up that means less liquidity and.......all those banks and hedge funds with sub prime loans on the books...Oh wait I just said that didn't I???? OH DEAR WHAT WILL WE DO?????
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Copyright "Some Observer" |
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11-18-2007, 12:58 AM
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Registered
Join Date: Nov 2003
Location: West of Seattle
Posts: 4,718
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I don't think it's as bad as all that. The US economy is closely tied to the world economy. As the US economy slows down, other economies will slow too. We will not have a massive grinding halt, but rather a gradual worldwide slowdown, led by the US economy.
The fact that rappers are showing suitcases full of Euros reminds me of the bit of wisdom about the garbage man: "If your garbage man tells you he's invested in xyz, the trend is probably over." Rappers are rarely relied upon as fountains of financial wisdom; perhaps the blind squirrel has found a nut, or perhaps it's time to start putting money back into the value of the dollar.
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'86 911 (RIP March '05) '17 Subaru CrossTrek '99 911 (Adopt an unloved 996 from your local shelter today!) |
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11-18-2007, 04:20 AM
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Banned
Join Date: May 2006
Location: Dana Point, Ca
Posts: 55,591
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I am always looking for a deal, if you want to sell your U.S. Dollars cheap I would like to buy them.
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11-18-2007, 06:52 AM
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Registered
Join Date: Oct 2006
Location: Colorado, USA
Posts: 8,279
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Sure, I'll sell U.S. Dollars to you cheap, how about you give me only .80 Euro per Dollar? A 20% discount, that's cheap!
How many would you like? |
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11-18-2007, 06:58 AM
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Banned
Join Date: May 2006
Location: Dana Point, Ca
Posts: 55,591
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Quote:
I must be looking at this backwards, the Euro is .68 to the Dollar today. |
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11-18-2007, 07:07 AM
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