farewell to the dollar?

[BobR]

Originally Posted by drcampbell

I never advocated defaulting on T-bills, and I don't think anybody else has seriously advocated that, either. What I advocate is for the government get out of the habit of bailing out corporations which fall on hard times. (or cook the books to appear like hard times)

Arguing against a non-existent proposal really muddies the waters.

Cool. I guess I mis-read between the lines in your earlier posts.

We're in agreement on this topic.

[checkthisout]

Originally Posted by Matt0987

So, because there lacked regulation they had the right to ignore good business practices, give out loans to those who did not deserve them, and then force private organizations to take them on.

What choo talkin bout Willis?


During WWII we would have all been like:


Now our minds and the will of our politicians have gotten so weak that we can't even unite around the hatred of an enemy during wartime.

[drcampbell]

Originally Posted by checkthisout

... It doesn't really matter what happens to the dollar as long as we are making the goods we are consuming.

And conversely, one of the reasons the dollar's in the trouble it's in is the large trade deficit.

Jimmy Carter warned us about the problem thirty years ago and suggested a 50-cent/gallon tax on gasoline to curb one facet of the problem. Now we're shoveling a billion dollars a day out of the country to buy petroleum and spending another billion dollars a day (a billion-plus, as of last night) to support military operations in Oil-raq and Pipelineistan, securing American access to oil & gas but entangling us with a host of unsavory characters who don't have America's best interests in mind.

Half a buck would have been a one-time, short-term shock to the economy at the time, but it now sure looks like peanuts compared to current expenditures. Too bad we didn't listen to him.

[AK_Gandy]

Weak Dollar = Rising Stock Market

http://finance.yahoo.com/news/Stocks-rally-after-data-on-apf-2110216808.html?x=0&sec=topStories&pos=3&asset=&cc ode=

NEW YORK (AP) -- Stocks are rising as a report showing an improved trade deficit offset disappointing employment data.

The Commerce Department says a surge in exports helped narrow the trade deficit to $32.9 billion in October. Economists had expected an increase. The increase in exports was driven by a weaker dollar, which helps boost profits at companies that do business overseas.

[02PUFFER]

I love these threads, they are very eye opening. I can only hope I have the insight y'all do someday, but give me a heads up when I need to make for the Capitol with my pitchfork.

[AK_Gandy]

Originally Posted by 02PUFFER

I love these threads, they are very eye opening. I can only hope I have the insight y'all do someday, but give me a heads up when I need to make for the Capitol with my pitchfork.

Just listen to Limpbaugh.

He'll tell you what to do.

.

[AK_Gandy]

And all you guys whining about a weak dollar, just cost me a bunch of money today.

Thanks a lot.

http://www.thestreet.com/_yahoo/story/10648050/1/dow-takes-triple-digit-loss-as-dollar-rises.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

NEW YORK (TheStreet) -- The Dow finished with a triple-digit loss Thursday as a stronger dollar pressured equities and commodities in the afternoon.

.

[Kanman]

Originally Posted by AK_Gandy

Just listen to Limpbaugh.

He'll tell you what to do.

.

I do daily, thanks.

[AK_Gandy]

My condolences.