Being Screwed By Weak Dollar- advice? - Page 2 - PeachParts Mercedes-Benz Forum

mzsmbs · #16 10-17-2006, 04:00 AM

did you pull that out of the longest river?

Botnst · #17 10-17-2006, 08:25 AM

Quote:

Originally Posted by KirkVining

Who knows at this point, but all the analysts say the dollar will continue to fall and the pound will rise unless some of the big players step in to prop up the dollar. I moved my mutual funds into Euro denominated-funds about four months ago, and started buying stock in some Canadian companies about the same time. I am currently a very happy man.

This page has a synopsis of current analysis below the graph, and links to articles from analysts. Click "Click here to display chart data below" after displaying the graph:

http://futures.tradingcharts.com/chart/BP/W

Ha!

US economy is expanding and stock values are setting records and tax receipts are setting records while income tax rates are down.

Euro is moribund.

B

Hatterasguy · #18 10-17-2006, 01:16 PM

Buy gold, this will protect you if the house of cards we built falls apart in 2008-2012.

riethoven · #19 10-17-2006, 01:37 PM

Quote:

Originally Posted by Hatterasguy

Buy gold, this will protect you if the house of cards we built falls apart in 2008-2012.

If GAAP (generally accepted accounting principals) were applied to the Federal Government, it would be bankrupt. How would you like to run your personal budget with no regard to balancing it? Just spend as you please, and it is always OK. When our goods are among the most expensive in the world along with Japan and Western Europe, and our budget deficit neccesitates heavy borrowing, it is enevitable that the dollar will be in the crapper.

Man would I love to see a balanced federal budget, backed up by a Constitutional Amendment requiring it. That would be a huge first step to propping up the dollar. How about telling the Chinese to go f**k themselves until they come up with some sort of realistic exchange rate with our currency. They protectionism doesn't work, but it sure would make our economy stronger if we put some tarrifs on those cheap Chinese goods that are flooding our markets.

Hatterasguy · #20 10-17-2006, 01:41 PM

Quote:

Originally Posted by riethoven

If GAAP (generally accepted accounting principals) were applied to the Federal Government, it would be bankrupt. How would you like to run your personal budget with no regard to balancing it? Just spend as you please, and it is always OK. When our goods are among the most expensive in the world along with Japan and Western Europe, and our budget deficit neccesitates heavy borrowing, it is enevitable that the dollar will be in the crapper.

Man would I love to see a balanced federal budget, backed up by a Constitutional Amendment requiring it. That would be a huge first step to propping up the dollar. How about telling the Chinese to go f**k themselves until they come up with some sort of realistic exchange rate with our currency. They protectionism doesn't work, but it sure would make our economy stronger if we put some tarrifs on those cheap Chinese goods that are flooding our markets.

I agree 110%! I usualy do not support ANY Constitutional changes, in my view it has worked well for so long I don't wan't it changed on a whim.
But I would support an amendment requiring a balanced budget. We cannot afford to spend like drunk sailors anymore, the country is broke.

EliotW · #21 10-18-2006, 08:54 PM

A dollar crash is still a possibility, the Chinese have moved to limit their exposure by selling the treasury bills they have accumulated over the last two decades. Other (asian) national banks like that of Japan are in a similiar position having lent us billions (buy purchasing dollars and inflating the currencies value.)