View Full Version : The Beginning of the End?
Rohirrim
03-13-2008, 06:23 PM
The world is beginning to turn its back on the dollar. In the words of that old limbo song, "How low can you go?"
http://www.msnbc.msn.com/id/23616851/
Negative dollar sentiment is growing in nations where the dollar was historically accepted as equal or better than local currency — and dollar aversion is even extending to some quarters in the United States.
How long before OPEC caves to the pressure to switch to Euros?
L.A. BRONCOS FAN
03-13-2008, 06:55 PM
How long can Roh go before the Bush lemmings call him a "doomster?" ;)
Longer than you can go without making an idiotic remark.
L.A. BRONCOS FAN
03-13-2008, 07:00 PM
Speaking of the "doomster"-saying idiots.
Right on cue.
I didn't call Ro a doomster.
I did predict that you'd make an idiotic remark first.
Thanks for playing, moron.
Rohirrim
03-13-2008, 07:07 PM
Don't hijack my thread with your spat.
The question is, how long does it take for OPEC to cave to the pressure and switch to the Euro and what happens then?
L.A. BRONCOS FAN
03-13-2008, 07:09 PM
You didn't call Roh a doomster, but you are one of the idiots who routinely dismisses almost anyone who uses language like "the beginning of the end" as a chicken little or a doomster.
L.A. BRONCOS FAN
03-13-2008, 07:13 PM
Don't hijack my thread with your spat.
The question is, how long does it take for OPEC to cave to the pressure and switch to the Euro and what happens then?
Well, speculators with holdings in Euros are alreay taking advantage of the weak dollar to beat us to oil contracts, and Bush's Saudi friends flatly refused to increase production the last time Bush came to them with cap in hand.
As they say, you don't need a weatherman to see which way the wind is blowing.
Spider
03-13-2008, 07:13 PM
The world is beginning to turn its back on the dollar. In the words of that old limbo song, "How low can you go?"
http://www.msnbc.msn.com/id/23616851/
Negative dollar sentiment is growing in nations where the dollar was historically accepted as equal or better than local currency — and dollar aversion is even extending to some quarters in the United States.
How long before OPEC caves to the pressure to switch to Euros?
Not long ...... hell I am waiting for the Peso to be worth more then the dollar .....
Spider
03-13-2008, 07:14 PM
soon the dollar menu at McDolands will be called the 10 peso menu
elsid13
03-13-2008, 07:40 PM
It fluctuation of currency, it doesn't mean the end of dollar. This happen during down economic cycle - see the 70s. If the there was flight from US T-bonds, then it would be a different story.
loborugger
03-13-2008, 07:56 PM
In the last few months, billboards here in Bolivia are advertising that one bank does business in Euros, too, as the dollar is plummeting. I havent seen any Euros here yet, thou. And most businesses have only exchange rates for Dollars.
L.A. BRONCOS FAN
03-13-2008, 08:05 PM
It fluctuation of currency, it doesn't mean the end of dollar. This happen during down economic cycle - see the 70s.
That's the flaw in your reasoning, i.e., the idea that the conditions causing the dollar's decline are the same now as they were in the 70s.
elsid13
03-13-2008, 08:09 PM
That's the flaw in your reasoning, i.e., the idea that the conditions causing the dollar's decline are the same now as they were in the 70s.
I didn't post the current underlying economic condition were the same. I said that the dollar decline in economic downturn and used the 70s as an example. In many ways the 70s were worse because of the inflation pressure and the high unemployment rate.
Dudeskey
03-13-2008, 08:12 PM
"The best way to destroy the capitalist system is to debauch the currency"- Vladamir Lenin
Don't hijack my thread with your spat.
The question is, how long does it take for OPEC to cave to the pressure and switch to the Euro and what happens then?
Before the year is out Iran will try and be the first and what happens then is Bush attacks Iran and declares marshal law in the good old US of A.
What's next......
It fluctuation of currency, it doesn't mean the end of dollar. This happen during down economic cycle - see the 70s. If the there was flight from US T-bonds, then it would be a different story.
This is way different - the US bankers took the lending institutions of the world for a nasty ride and they will not forget or forgive. And this is the Bush administrations fault all of it.
Hell it may have even been the goal of the neocons - want One World Order - sink the biggest ship
elsid13
03-13-2008, 08:35 PM
This is way different - the US bankers took the lending institutions of the world for a nasty ride and they will not forget or forgive. And this is the Bush administrations fault all of it.
No greed took the bankers of the world on nasty ride, not the US bankers. And North Rock problems were from loans in the UK.'
You want to say the lack of regulation was issue that is another story.
BTW I told you this day was coming more than a year ago and was roundly ridiculed for the effort.
Hey Wigged my fully stocked ranch looks better and better all the time or do you still not see it???
No greed took the bankers of the world on nasty ride, not the US bankers. And North Rock problems were from loans in the UK.'
You want to say the lack of regulation was issue that is another story.
You are exactly right it was greed, packaged A+ loans (Derivatives) that were literally smoke and mirrors was the culprit and it was a US shell game which the stupid stupid Bush sat and read stories to grammar school kids jogged and golfed while it was going down. He was warned I am certain just like he was warned about attacking Iraq with no exit plan.
Rohirrim
03-13-2008, 08:53 PM
Before the year is out Iran will try and be the first and what happens then is Bush attacks Iran and declares marshal law in the good old US of A.
What's next......
Now that they've shoved Fallon out of the way, Cheney and Co. have a clear road ahead. It's not like the Pelosi/Reid "most gutless Congress in history" is going to stop them.
Dudeskey
03-13-2008, 09:08 PM
Now that they've shoved Fallon out of the way, Cheney and Co. have a clear road ahead. It's not like the Pelosi/Reid "most gutless Congress in history" is going to stop them.
Between the latest NIE and Admiral Fallon (a credible voice IMO) speaking out against attacking Iran, I figured Bushco would fall back their Iran rhetoric.
Iran has announced they plan to switch to the Euro and Bush can't let that happen because it would be the beginning of the end of the dollar as a world currency and that is the only thing keeping it's value up. The dollar will crash and burn if OPEC is allowed to switch to the EURO as the currency of choice and the US will never regain the global status it has enjoyed since post WWII.
Bronco_Beerslug
03-13-2008, 09:18 PM
Iran has announced they plan to switch to the Euro and Bush can't let that happen because it would be the beginning of the end of the dollar as a world currency He can't stop them or anyone else from using euros instead of dollars.
and that is the only thing keeping it's value up. The dollar will crash and burn if OPEC is allowed to switch the the EURO as the currency of choice and the US will never regain the global status it has enjoyed since post WWII.Why not? And if we can't, so what?
Dudeskey
03-13-2008, 09:22 PM
The switch is inevitable, and I doubt any amount of bombs will convince anyone otherwise in the long term...
Bronco_Beerslug
03-13-2008, 09:25 PM
The switch is inevitable, and I doubt any amount of bombs will convince anyone otherwise in the long term...Exactly. I can see some people just aren't ready for a world economy.
mhgaffney
03-13-2008, 10:30 PM
Iran announced the new oil bourse last December -- a few days after the latest intelligence estimate was unveiled.
You have to admit their timing was perfect (from Iran's standpoint)
There are historical arguments against the US dollar going peacefully into that good night.
How many great empires have allowed their currency to disintegrate without a Donnybrook?
If Bush attacks Iran -- I shudder at the consequences -- not just for the dollar -- and the US -- but the world.
What you don't see is when the dollar is forced to seek it's true value it will be catrastopic for the USA and to a lesser degree the rest of the capitalistic world in the short term and what will emerge is the one world order the elite want so very badly. This will spell the end to the great American experiment in freedom for the masses and this will not be a good thing. You will long for the way it was in the years to come Slug remember this.
Rohirrim
03-13-2008, 11:34 PM
First will come disorder. Next will come the one who promises the restoration of order. No one will be interested in the cost. Bada bing, bada boom.
L.A. BRONCOS FAN
03-13-2008, 11:37 PM
He can't stop them or anyone else from using euros instead of dollars.
Why not?
The dollar is no longer backed by anything tangible - not since Tricky Dick took the currency off the gold standard.
Thanks to Bush, all of our manufacturing has been offshored, and we no longer produce anything (unless you count weapons.)
The only thing keeping the house of cards that is the U.S. economy from collapsing is the dollar's status as fiat currency.
And if we can't, so what?
Get ready for a whole new standard of living in America (think third world.)
L.A. BRONCOS FAN
03-13-2008, 11:39 PM
You will long for the way it was in the years to come Slug remember this.
Anyone who remembers the standard of living Americans enjoyed even ten years ago is already longing for the "good ol' days."
Bronco_Beerslug
03-13-2008, 11:40 PM
The dollar is no longer backed by anything tangible - not since Tricky Dick took the currency off the gold standard.
Thanks to Bush, all of our manufacturing has been offshored, and we no longer produce anything (unless you count weapons.)
The only thing keeping the house of cards that is the U.S. economy from collapsing is the dollar's status as fiat currency.
Get ready for a whole new standard of living in America (think third world.)Neither is any other currency, so what?
A far as a new standard of living, of course, since we have moved to a service economy. I mentioned this years ago.
baja is ejaculating all over himself with the idea that all the work and effort he's put into his bunker (and the paranoid and negative mindset that goes with it) will some day pay off.
He's wrong, but that won't stop him from a spooge-o-rama.
Anyone who remembers the standard of living Americans enjoyed even ten years ago is already longing for the "good ol' days."
You're one heck of an unintentional comedian.
baja is ejaculating all over himself with the idea that all the work and effort he's put into his bunker (and the paranoid and negative mindset that goes with it) will some day pay off.
He's wrong, but that won't stop him from a spooge-o-rama.
You are such a sad little soul W*GS, you remind me of the poster known as Patch only without the sense of humor.
L.A. BRONCOS FAN
03-13-2008, 11:46 PM
Neither is any other currency, so what?
That's not entirely accurate, but the real difference is illustrated by our ever-increasing trade deficits.
When other countries stop using the dollar for all their oil purchases, what are we going to use to pay for all the stuff we have to import?
Tanning salon hours and KFC chicken wings?
L.A. BRONCOS FAN
03-13-2008, 11:47 PM
You are such a sad little soul W*GS, you remind me of the poster known as Patch only without the sense of humor.
And without the I.Q. Ha!
Being called "sad" by someone whose dogma revolves around catastrophism is more than a little ironic.
Half my IQ is still more than double yours, LABF.
L.A. BRONCOS FAN
03-13-2008, 11:50 PM
And then you woke up...
Slug,
Do you know the Canadian dollar is now worth more that the US dollar, just a few short years ago 60 cents bought you a Canadian dollar.
It was also just a few short years ago that the dollar was worth more that a EURO.
So much for your "All currencies will fall together" idea.
Being called "sad" by someone whose dogma revolves around catastrophism is more than a little ironic.
You better watch it I might not let you into my bunker Archie.
The dreamer here is you, LABF - what with your socialist ideology and all...
You better watch it I might not let you into my bunker Archie.
Why would I want to spend time in a dank room smelling of the odors from a bucket filled to the rim with excrement?
BTW W*GS I have a job I love I make well over 150,000 a year and I only work 4 hours a day 6 months a year. I travel extensively and have lots of toys so it's not like I'm hanging around the ranch waiting for the shoe to drop but I am ready if and when it does.
Bronco_Beerslug
03-13-2008, 11:58 PM
W*GS and LABF, enough! Both of you, polluting almost every thread is not fair for everyone else. A lot of people including myself will occasionally "get into it" with another member but your personal dislike for each other has no place here because neither of you can leave the other alone, destroying threads.
Honestly, if I were a mod I'd consider banning you both. I'm sure if you both think about this just a little, you'd probably agree.
Why would I want to spend time in a dank room smelling of the odors from a bucket filled to the rim with excrement?
I give you a straw.
Bada Bing ;D
Bronco_Beerslug
03-14-2008, 12:02 AM
Slug,
Do you know the Canadian dollar is now worth more that the US dollar, just a few short years ago 60 cents bought you a Canadian dollar.
It was also just a few short years ago that the dollar was worth more that a EURO.
So much for your "All currencies will fall together" idea.Uh, I've haven't made any such claim.
Florida_Bronco
03-14-2008, 12:08 AM
W*GS and LABF, enough! Both of you, polluting almost every thread is not fair for everyone else. A lot of people including myself will occasionally "get into it" with another member but your personal dislike for each other has no place here because neither of you can leave the other alone, destroying threads.
Honestly, if I were a mod I'd consider banning you both. I'm sure if you both think about this just a little, you'd probably agree.
I agree.
L.A. BRONCOS FAN
03-14-2008, 12:20 AM
W*GS and LABF, enough! Both of you, polluting almost every thread is not fair for everyone else. A lot of people including myself will occasionally "get into it" with another member but your personal dislike for each other has no place here because neither of you can leave the other alone, destroying threads.
Honestly, if I were a mod I'd consider banning you both. I'm sure if you both think about this just a little, you'd probably agree.
OK - I'll put him back on ignore.
ant1999e
03-14-2008, 11:47 AM
W*GS and LABF, enough! Both of you, polluting almost every thread is not fair for everyone else. A lot of people including myself will occasionally "get into it" with another member but your personal dislike for each other has no place here because neither of you can leave the other alone, destroying threads.
Honestly, if I were a mod I'd consider banning you both. I'm sure if you both think about this just a little, you'd probably agree.
Wow. Rep :notworthy I agree with you for probably the first time. I feel dirty and need a shower.
Spider
03-14-2008, 12:21 PM
Wow. Rep :notworthy I agree with you for probably the first time. I feel dirty and need a shower.
Being shown the light effects people in so many different ways ;D
c_lazy_r
03-14-2008, 01:59 PM
Tanning salon hours and KFC chicken wings?
ROFL! Nice.
alkemical
03-14-2008, 02:11 PM
First will come disorder. Next will come the one who promises the restoration of order. No one will be interested in the cost. Bada bing, bada boom.
Ding ding ding
alkemical
03-14-2008, 02:13 PM
W*GS and LABF, enough! Both of you, polluting almost every thread is not fair for everyone else. A lot of people including myself will occasionally "get into it" with another member but your personal dislike for each other has no place here because neither of you can leave the other alone, destroying threads.
Honestly, if I were a mod I'd consider banning you both. I'm sure if you both think about this just a little, you'd probably agree.
Either that, or get a divorce and eat the kids.
L.A. BRONCOS FAN
03-14-2008, 07:39 PM
Either that, or get a divorce and eat the kids.
He'd have to divorce Ken Starr first.
At any rate, I put the stalker back on ignore.
mhgaffney
03-14-2008, 10:22 PM
Sorry Beerslugger -- but I do not understand your comparison.
LABN has been correct -- down the line -- on issue after issue -- esp about the economic and financial crisis.
W*gs on the other hand -- is a drive by shooter and a born again atheist -- who believes in nothing except inflicting himself on others.
But why ban even him? By now everyone has him on iggy - anyway.
As for you -- I suggest you sober up. America's day of reckoning is nigh.
MHG
L.A. BRONCOS FAN
03-14-2008, 11:59 PM
W*gs on the other hand -- is a drive by shooter and a born again atheist -- who believes in nothing except inflicting himself on others.
Hammer, nail, head. :yep:
Being endorsed by gaffney is the kiss of death for one's credibility.
Being endorsed by gaffney is the kiss of death for one's credibility.
That one had to hurt huh W*GS?
Hardly - gaffney is an out-and-out nutjob. Mini-nukes, Jonestown as a CIA mind control experiment gone awry, the JFK assassination, aliens landing in New Mexico...
The amazing thing is that rather than gaffney being a parody of all the flakes and loons on the web, he actually believes all that stuff!
mhgaffney
03-16-2008, 02:28 AM
Shortly -- I will post evidence of conspiracy in the JFK assassination. The evidence we have now is so overwhelming -- that any reasonable person will be convinced.
L.A. BRONCOS FAN
03-16-2008, 05:47 AM
http://www.bartcop.com/spend-worthless.jpg
elsid13
03-16-2008, 08:09 AM
Shortly -- I will post evidence of conspiracy in the JFK assassination. The evidence we have now is so overwhelming -- that any reasonable person will be convinced.
Will this post also include that missing time on the DON clocks?
alkemical
03-17-2008, 08:49 AM
You know, i had heard or read about acoustic evidence of more than one gun. It was actually pretty interesting.
There were two investigations for the JFK assassination - One stated Oswald acted alone, and the other that there was a conspiracy.
It's a fascinating case.
http://www.whatreallyhappened.com/RANCHO/POLITICS/JFK/jfk.html
Bronco_Beerslug
03-17-2008, 10:16 AM
Sorry Beerslugger -- but I do not understand your comparison.
LABN has been correct -- down the line -- on issue after issue -- esp about the economic and financial crisis.
W*gs on the other hand -- is a drive by shooter and a born again atheist -- who believes in nothing except inflicting himself on others.
But why ban even him? By now everyone has him on iggy - anyway.
As for you -- I suggest you sober up. America's day of reckoning is nigh.
MHGAnyone with half a mind does. They BOTH pollute threads with their elementary school yard banter back and forth. Your personal dislike for one over the other blinds you to common sense and logic apparently.
L.A. BRONCOS FAN
03-18-2008, 12:35 AM
Anyone with half a mind does. They BOTH pollute threads with their elementary school yard banter back and forth. Your personal dislike for one over the other blinds you to common sense and logic apparently.
I think you missed the point:
LABN has been correct -- down the line -- on issue after issue -- esp about the economic and financial crisis.
W*gs on the other hand -- is a drive by shooter and a born again atheist -- who believes in nothing except inflicting himself on others.
At any rate, I put W*GS on ignore the first time you said something, so you can stop complaining now.
L.A. BRONCOS FAN
03-18-2008, 04:54 AM
http://www.bartcop.com/king-bush-titanic.JPG
Bronco_Beerslug
03-18-2008, 07:01 AM
I think you missed the point:Not hardly.
At any rate, I put W*GS on ignore the first time you said something, so you can stop complaining now.So can you then.
L.A. BRONCOS FAN
03-18-2008, 07:17 AM
Poll: Most Americans think the U.S. is already in a recession
Tue Mar 18, 12:31 AM ET <!-- end storyhdr -->
WASHINGTON (Reuters) - More than three in four Americans think the United States is in a recession according to a USA Today/Gallup Poll released on Tuesday.
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Not since September 1992, two months before President George H.W. Bush lost his re-election bid, have so many Americans said the economy was in such bad shape, USA Today reported.
Seventy-six percent of to those polled said the economy is in recession, compared to 22 percent who said it is not, USA Today said.
Asked if the United States could slip into a depression lasting several years, 59 percent said it was likely and 79 percent said they were worried about it, the newspaper reported.
Continued:
http://news.yahoo.com/s/nm/20080318/us_nm/usa_economy_poll_dc