Comments on: Dollar Doldrums: Low Value Has High Impact
The Declining Value Of A Dollar Is Fanning Inflation And Driving Up The Cost Of Oil And Gas
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- America is NINE-THOUSAND-BILLION (9 trillion) dollars in debt, which will NEVER be repaid, and the Fed keeps cranking out more worthless dollars, making each dollar even MORE WORTHLESS! And people wonder why we''re in the tank! WE''VE BEEN BROKE SINCE FDR! We''re FRICKING BANKRUPT!
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- by Lemonskink
I KNOW EXACTLY WHAT YOU ARE TALKING ABOUT. I AM NOT FOR BUSH OR CHENEY, BUT THEIR TIME IS ALMOST UP. AND WHAT ARE WE GOING TO DO IN THE YEARS AHEAD. REGARDLESS OF WHO GETS IN THE WHITE HOUSE, WHAT ARE WE TO DO AS A PEOPLE AND A COUNTRY. IT SEEMS THAT WE ARE ON THE DOWN SIDE AS A GREAT COUNTRY. I SINCERELY HOPE NOT, BUT????????? - Reply to this comment
- Those jobs that left, will be returning, with the dollar falling, it will be cheaper to bring the jobs home. Which is why they left originally, to cut cost by outsourcing.
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- incog-nito
YOU HAVE MADE VERY GOOD POINTS. I KNOW PEOPLE IN MANY LEVELS AT DIFFERENT COMPANIES THAT HAVE LOST JOBS AS YOU STATE. I KNOW A PERSON THAT WORKED FOR CARRIER AND THEY STILL HAVE A JOB STILL HERE IN THE STATES BUT THEY GO TO MEXICO MANY TIMES A YEAR. THE JOB IS A HIGH PAID JOB. UNDER 100K BUT THE JOB MAY NOT LAST OVER A FEW YEARS. OR UNTIL THEY CAN GET SOME MEXICAN TRAINED TO DO THE JOB, IF THAT IS POSSIBLE. - Reply to this comment
- I remember the drool-lipped oxen staring into space and chanting: Four More Years, Four More Years. Well, you got your four more at a might costly price. When Bush is back in Crawford with his feet propped up as he put it, he will not be affected at all. No siree Bob, he''ll be paid for all his help. Cheney will be also. They''ll sit on oil company boards and be paid well, they''ll be silent partners in companies they''ll create from the stolen billions. The drool-lipped oxen will simply stare.
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- hbevis: I have relatives and friends who work at anywhere from the low-tech assembly plants to the hi-tech computer, semiconductor, and aerospace firms. And myself and each and every one of them have seen plants close, people getting laid off, and new plants opening up in other countries. In many cases American workers are asked to train people in other countries who will replace them. This trend is continuing right now with no end in sight.
And it''s not just manufacturing, blue-collar workers anymore. Almost every level is affected. There is no shortage of highly skilled, college educated workers in other countries. In fact the opposite is true.
The globalization genie is out of the bottle. The only way to reverse this is to bring back the tariff and some degree of protectionism. But like I said the American people have been sold that this is somehow "bad", even when "free trade" continues to hurt them. - Reply to this comment
- Instead of reversing the failed "trickle down" effect, the FED decides to make money even more scarce, punishing the middle and poor for the corruption of the rich.
Posted by brianbwb at 12:52 AM : Jul 07, 2008
...............
So after doing my traditional reading of the Declaration of Independence on July 4 that I do every year...
...I realized that the prime time for a revolution, as granted and encouraged by our founding fathers, has passed us up by almost 100 years...
...immediately after our government implemented the "Federal Reserve" system. Hardly "Federal" at all!
... - Reply to this comment
- IF OBAMA WANT TO RE-DO THE NAFTA BILL THAT WOULD BE GREAT. AND I REALIZE THAT MR. CLINTON DEBATED FOR A LONG ABOUT SIGNING OR NOT TO SIGNING THE BILL AT ALL.
I AM SURE IT CAN''T BE DONE NOW, BUT AS FAR AS I AM CONCERNED IT COULD BE DONE AWAY WITH COMPLETELY.
WHAT WE HAVE DONE IS MAKE THE RICH RICHER AND THE WORKING MAN POORER. THERE IS NO TELLING HOW MUCH MONEY CHANGED HANDS TO GET THIS BILL PASSED. ALL LEGAL OF COURSE....(lol) - Reply to this comment
- "The almighty dollar is mighty no more. It has been declining steadily for six years against other major currencies, undercutting its role as the leading international banking currency."
Six years? Is the author like twenty years old or something?
Son, the dollar''s value has been in decline since 1972, when Nixon decided we didn''t need gold in our treasury anymore. The dollar is worth roughly 20% of its 1972 value, so print out the graph, you will see that except for a couple times when artificial bumpa appeared, the dollar has been in a steady decline for the past thirty five years.
Instead of reversing the failed "trickle down" effect, the FED decides to make money even more scarce, punishing the middle and poor for the corruption of the rich. - Reply to this comment
- hbevis: Both Republicans and Democrats are to blame for "Globalization". McCain has repeatedly said that he will continue the same course with his "free trade" mantra. Obama said he wants to renegotiate some trade pacts, but pretty much conceded that there''''s not much anybody can do at this point. Too bad for the American worker.
Posted by incog-nito
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I AM GLAD THAT WHAT I HAVE SAID HAS BROUGHT SOME PEOPLE FORWARD THAT HAVE SOMETHING TO SAY THAT MEANS SOMETHING.
IF I HAVE UPSET ANYONE I AM SORRY, BUT I HAVE HAD IT WITH ALL THE BAD MOUTHING THAT GOES ON. - Reply to this comment
- hbevis, WHY ARE YOU SHOUTING???
Posted by cdfoxtrot
I AM SORRY ABOUT THAT, BUT I HAVE GOTTEN SO TIRED OF PEOPLE ON THIS AND THAT WITHOUT ANY REASONING. THESE COMMENTS ARE SUPPOSED TO BE ON THE SUBJECT AT HAND. AS YOU WELL KNOW THERE ARE A LOT OF PEOPLE ARE JUST BUSH HATER''S AND ARE JUST RANTING ON AND ON ABOUT NOTHING.
SURE WE NEED TO END THIS WAR AND OUR ECONOMY IS IN VERY BAD SHAPE. WE NEED TO BE WORKING TOGETHER INSTEAD OF AGAINST EACH OTHER. - Reply to this comment
- hbevis: Both Republicans and Democrats are to blame for "Globalization". McCain has repeatedly said that he will continue the same course with his "free trade" mantra. Obama said he wants to renegotiate some trade pacts, but pretty much conceded that there''s not much anybody can do at this point. Too bad for the American worker.
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- hbevis, WHY ARE YOU SHOUTING???
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- What all this proves of course is the folly of America thumbing its nose at the rest of the world and thinking it can do whatever the h_ell it wants, whenever it wants, wherever it wants. America needs the rest of the world a lot more than the rest of the world needs America.
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- From Bush''''s flawed strategy in Iraq, to the spineless Democratically controlled Congress, this government has again let the American people down.
Posted by Edward1975
YOU ARE 100% RIGHT EDWARD1975. ITS A SHAME THAT EVERYONE CAN''T SEE THAT SAME POINT. - Reply to this comment
- From Bush''s flawed strategy in Iraq, to the spineless Democratically controlled Congress, this government has again let the American people down.
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- CONTINUED
IT HAS GOTTEN RIDICULOUS TO THE POINT WHERE MOST OF WHAT PEOPLE WRITE HAS NOTHING TO DO AT ALL WITH WHAT THE SUBJECT IS AT THE TIME.
IF I HAD MY WAY I WOULD SEND THE MOST OF YOU TO IRAQ ON THE NEXT PLANE AND SEE HOW WELL YOU COULD BRING AN END TO THIS VERY BAD WAR. IT NEEDS TO END FOR SURE, BUT IF YOU PEOPLE THINK THAT OBAMA OR McCAIN EITHER ONE CAN BRING A QUICK END TO THE WAR THEN YOU NEED TO DO SOME MORE THINKING.
WE HAVE HAD A MAJORITY OF DEMOCRATS IN BOTH HOUSES NOW FOR SEVERAL YEARS AND NOTHING HAS BEEN DONE YET. YOU DON''T KNOW AND I DON''T KNOW WHAT KIND OF BRIEFINGS THAT THE LEADERS OF THE HOUSE AND SENATE HAVE BEEN GIVEN REGARDING THE WAR AND NATIONAL SECURITY. THEY ARE BOUND UNDER LAW NOT TO TALK ABOUT WHAT THEY HAVE LEARNED. I HAD A SECRET CLEARANCE FOR ABOUT 40 YEARS AND I KNOW THINGS THAT I WOULD NOT TELL ANYONE, PERIOD. - Reply to this comment
- I THINK THAT PART OF THE REASON THE DOLLAR IS WORTH LESS IS BECAUSE OF THE NAFTA BILL THAT BILL CLINTON SIGNED IN THE FALL OF 1994. IT HAS TAKEN OVER 10 YEARS FOR IT TO TAKE FULL EFFECT. AND I AM NOT SURE THAT IT IS IN 100% EFFECT NOW. THAT BILL HAS CUT THE UNION MAN''S THROAT AND SHIPPED MANY JOBS TO MEXICO AS WELL AS THE EQUIPMENT IN THE PLANTS THAT WERE SHUT DOWN AND THE WORKERS LAID OFF. ONE PLANT IN MIDDLE TENNESSEE, CARRIER, WAS SHIPPED 100% TO MEXICO FROM MORRISON, TENNESSEE.
ANYONE THAT DON''T BELIEVE THE NAFTA BILL HAS NOT HURT US VERY, VERY BAD NEEDS TO DO SOME SERIOUS READING AND THINKING.
BUSH HAS NOT MADE MANY POINTS WITH THE AMERICAN PEOPLE BUT NAFTA WAS NONE OF HIS DOING. CLINTON WAS REELECTED AFTER HE SIGNED THE NAFTA BILL.
ALL I SEE ON THE COMMENT PAGES IS CRAZY PEOPLE VENTING THEIR FEELINGS. DO ANY OF YOU HOLD A JOB OR DO YOU JUST BIT*CH TO HERE YOU SELF WHILE YOU DRINK BEER AND CASH YOUR WELL FAIR CHECK. - Reply to this comment
- More fallout from Republicon leadership.
Posted by singingrick at 11:22 PM : Jul 06, 2008
What leadership ?? - Reply to this comment
- Experts testified before congress last week, saying that by removing the "Enron loophole", the price of oil would drop between 1/3 to 1/2 of the current price today. Of course that would SERIOUSLY cut into the profits of the big oil companies...
...so guess who is against such a move, guess who has who paid off to ensure that such legislation is not passed!
Yeah, the simpleton "supply/demand" excuse is DOA! The declining dollar does play a role, but no where near the amount that the prices have increased!
But so rarely does the details and the ramifications of the "Enron loophole" get explained/reported in the corporate media. It''s as if... they are profiting from the whole debacle as well! Hmmm. - Reply to this comment
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