Subject: Falling USD and stock markets around the world
  This thread has been closed by sexyloser at 18-5-2024 10:39. 
markreyes
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Post at 14-10-2010 15:49  Profile P.M. 
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Reply #20 Kennichi's post

A few analysts also believed that the dot-coms would rule the world, and that Time Warner-AOL would be a game-changer for all the tech and media titans out there.  Great stuff.

I'm not saying that printing more money is a good idea.  In fact, I believe that the US made a huge error in bailing out companies and easing monetary policy.  They obviously did not learn from the lessons of Japan, and it's pretty clear that a lot of decisions made by the Obama administration were primarily political in nature.  You either pay now, or pay later.  The US decided to gloss over the pain and hope that a round or two of stimulus would fix the problem - this approach is looking less and less likely to be successful.

However, your claim about fiat money and the money system in general is just bollocks.

The comparison between the US, Russia, Zimbabwe, Argentina, Brazil ... (add country name in here) is ridiculous.  None of these countries has the underlying economic structure of the US, far from.  The underlying fundamentals of the UK economy is so far removed from the state of the US economy it's laughable that you try and compare the two.

Having more US dollars circulating outside the US is actually a good thing for the US, if you understood the implications.  A currency that i used for over 90% of world trade is not about to spontaneously implode, so yeah, you are touting a conspiracy theory.

Your claims that printing money dilutes the value of existing bills in circulation is correct, but it's not as simple as that.  All the stuff you are writing looks like it was lifted from an Economics 101 class in College.  Or yeah, I can believe you have experience computing actuaries, it certainly sounds like it.
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camstuckey
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Post at 15-10-2010 00:25  Profile P.M. 
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AUD - USD is almost parity. think just a point of being equal.
Definitely a great time to explore lol
Although there has been speculation it may not last for long.
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Kennichi
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Post at 15-10-2010 01:50  Profile P.M. 
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Reply #21 markreyes's post

The fundamental difference between me and you is an issue of faith, your faith in the US$ is strong perhaps indominatable mine is much weaker. I feel this way because history teaches us grave lessons. China, Britain all were the pinnacles of the world once, and declined at some point. Your president also is a one trick pony.... the printing press.

Much like the IDF thought it would kick the asses of Hezbollah, but instead they got their own asses handed to them on a plate when they went into Lebannon. The status quo never stays the same things change and ruin the party. To assume that the US$ can and will survive the masses of printing and the constant knocks to the faith in the US$ is a pretty bold statement.




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haroldla
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Post at 15-10-2010 02:02  Profile P.M. 
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more and more countries have started to intervene their currencies or try to slow down the hot money inflows after people expecting the coming QE2. Singapore today announced they will increase their currency's trading band and allow a stronger currency. The US should take more responsibility to their currency rather than keep blaming renminbi everyday.

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woraix   4-8-2012 18:33  Karma  +3   interventions by governments
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markreyes
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Post at 15-10-2010 06:45  Profile P.M. 
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Reply #23 Kennichi's post

The difference between our views is a lot more than faith, I would say it's facts.

China and Britain were pinnacles of the world?  There is no parallel to the current US economy here.

I'm not an American, and I don't have "indomitable" faith in the US Dollar, in fact, I shifted over to several other currencies that I thought would appreciate against the USD.

I'm not saying that the USD is the end-all-be-all, but your doomsday scenario is ridiculous.
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