The Beginning of the End? - The Orange Mane

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?"

W*GS · 03-13-2008, 06:58 PM

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.

W*GS · 03-13-2008, 07:04 PM

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

Quote:

Originally Posted by Rohirrim

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

Quote:

Originally Posted by Rohirrim

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

Quote:

Originally Posted by elsid13

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

Quote:

Originally Posted by L.A. BRONCOS FAN

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

baja · 03-13-2008, 08:29 PM

Quote:

Originally Posted by Rohirrim

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......

baja · 03-13-2008, 08:32 PM

Quote:

Originally Posted by elsid13

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.

baja · 03-13-2008, 08:33 PM

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

Quote:

Originally Posted by baja

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.

baja · 03-13-2008, 08:35 PM

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

baja · 03-13-2008, 08:42 PM

Quote:

Originally Posted by elsid13

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

Quote:

Originally Posted by baja

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

Quote:

Originally Posted by Rohirrim

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.

baja · 03-13-2008, 09:13 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 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

Quote:

Originally Posted by baja

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.

Quote:

Originally Posted by baja

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?

03-13-2008, 06:23 PM	#1
Rohirrim Partisan Human Cannonball Join Date: Jan 2003 Location: Twixt Hell & Highwater Posts: 48,801	The Beginning of the End? 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? Last edited by Rohirrim; 03-13-2008 at 06:25 PM..

03-13-2008, 09:13 PM	#24
baja It is what it Is. Pay attention. Join Date: Apr 2001 Posts: 53,793 Adopt-a-Bronco: Buy My Book	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. Last edited by baja; 03-13-2008 at 09:17 PM..

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03-13-2008, 06:55 PM	#2
L.A. BRONCOS FAN Mo' holla fo' yo' dolla! Join Date: Dec 2002 Location: In a bunker in an undisclosed location Posts: 52,694	How long can Roh go before the Bush lemmings call him a "doomster?"

03-13-2008, 06:58 PM	#3
W*GS Ring of Famer Join Date: Jan 2004 Location: Earth Posts: 19,506	Longer than you can go without making an idiotic remark.

03-13-2008, 07:00 PM	#4
L.A. BRONCOS FAN Mo' holla fo' yo' dolla! Join Date: Dec 2002 Location: In a bunker in an undisclosed location Posts: 52,694	Speaking of the "doomster"-saying idiots. Right on cue.

03-13-2008, 07:04 PM	#5
W*GS Ring of Famer Join Date: Jan 2004 Location: Earth Posts: 19,506	I didn't call Ro a doomster. I did predict that you'd make an idiotic remark first. Thanks for playing, moron.

03-13-2008, 07:07 PM	#6
Rohirrim Partisan Human Cannonball Join Date: Jan 2003 Location: Twixt Hell & Highwater Posts: 48,801	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?

03-13-2008, 07:09 PM	#7
L.A. BRONCOS FAN Mo' holla fo' yo' dolla! Join Date: Dec 2002 Location: In a bunker in an undisclosed location Posts: 52,694	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.

03-13-2008, 07:14 PM	#10
Spider Mr Diplomacy I survived Tebow Mania at the Mane Join Date: May 2001 Location: Elway was just an arm =MacGruder Posts: 84,438 Adopt-a-Bronco: Von Miller	soon the dollar menu at McDolands will be called the 10 peso menu

03-13-2008, 07:40 PM	#11
elsid13 Lost In Space Bóg, Honor, Ojczyzna Join Date: Apr 2004 Location: DC Posts: 19,080	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.

03-13-2008, 07:56 PM	#12
loborugger lost in the ether Did we finally get a FB??? Join Date: Jan 2003 Location: The 'cuse Posts: 5,783 Adopt-a-Bronco: Peyton Hillis	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.

03-13-2008, 08:12 PM	#15
Dudeskey Ring of Famer This space for rent Join Date: Jun 2005 Location: Colorado Springs, CO Posts: 4,314	"The best way to destroy the capitalist system is to debauch the currency"- Vladamir Lenin

03-13-2008, 08:33 PM	#18
baja It is what it Is. Pay attention. Join Date: Apr 2001 Posts: 53,793 Adopt-a-Bronco: Buy My Book	Hell it may have even been the goal of the neocons - want One World Order - sink the biggest ship

03-13-2008, 08:35 PM	#20
baja It is what it Is. Pay attention. Join Date: Apr 2001 Posts: 53,793 Adopt-a-Bronco: Buy My Book	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