Falling U.S Dollar

[wisedude]

I for one am greatly worried... For the first time ever I feel no confidence in my currency.. My stocks aren't doing too well either. it's disconcerting to see books have higher USD prices than CAD.. What are the possible solutions? I'd like to hear ideas

[geb9696]

I would not be too worried about the falling dollar. In the short term the Dollar will continue to fall but over the long term it should bounce back. Over the short term I would short the dollar against the Euro but over the long term( multiple years) I think it will be fine.

[Syngenetic]

Not sure if it's the falling dollar. Everything new technology is costing a lot more. Its not really the falling dollar. It is the falling of income. Less income = Dollars are worth more.

[ShadyPolitics]

I don't know what you mean by the dollar will bounce back, thats sounds pretty in denial. How can you expect our currency to hold up on the world market when we resort to printing more and more but yet we don't have the gold reserve to back it. Its turning into worthless paper thats being printed to pay off expenses and its really getting out of control. Thats what happens when you currency begins to lose credibility.

We spend and spend but then we turn to the federal reserve to bail us out of the ditch. The US is completely broke and the dollar is crashing, thats how all great empires fall. The US cant even afford the war in Iraq. China loans the US the funds to fight the war in Iraq and China could have Bush fleeing Iraq within days by simply cutting funding.

We should pull our troops out of Iraq, Japan, Afganistan, Europe, Africa, South Korea, and whatsoever other country our troops are housed for no apparent reason. Then we should decrease our consumption of oil by at least 10% within the next 5-10 years. We should cut all these welfare expenses, the US isn't a Communist State. We should take whatever measures possible to pull US companies out of China and relocate their factories in Latin America and the United States....we need to be self reliant.

[eharvester]

I for one am greatly worried... For the first time ever I feel no confidence in my currency.. My stocks aren't doing too well either. it's disconcerting to see books have higher USD prices than CAD.. What are the possible solutions? I'd like to hear ideas

Dr. Ron Paul is the only candidate talking about the falling dollar, it's ecause we're over spending. That's why I'm voting for him!

[Mitch]

eharvester: Yes, of course the US is overspending, and of course on the wrong things. If Bush spent money on social programs instead of the trillions of dollars on the war in Iraq, life in the US would be great!
However, Ron Paul talking about it in the debates doesn't mean anything! How many promises from debates and their campaigns have actually been kept? Not many.

[eharvester]

eharvester: Yes, of course the US is overspending, and of course on the wrong things. If Bush spent money on social programs instead of the trillions of dollars on the war in Iraq, life in the US would be great!
However, Ron Paul talking about it in the debates doesn't mean anything! How many promises from debates and their campaigns have actually been kept? Not many.

Check out his voting record, he's the most consistent politician in American history. He is backed by no lobbyist or special interest. He has had a following since the 1970s among libertarians.

[Locke]

We should pull our troops out of Iraq, Japan, Afganistan, Europe, Africa, South Korea, and whatsoever other country our troops are housed for no apparent reason. Then we should decrease our consumption of oil by at least 10% within the next 5-10 years. We should cut all these welfare expenses, the US isn't a Communist State. We should take whatever measures possible to pull US companies out of China and relocate their factories in Latin America and the United States....we need to be self reliant.

All historical evidence points to the fact that a state without welfare has gross inequalities, and the paltry system the Americans makes use of can barely be deemed socialist. For a nation to be truly self-reliant, its individual citizens need to have adequate living conditions.

[kizzume]

eharvester: Yes, of course the US is overspending, and of course on the wrong things. If Bush spent money on social programs instead of the trillions of dollars on the war in Iraq, life in the US would be great!
However, Ron Paul talking about it in the debates doesn't mean anything! How many promises from debates and their campaigns have actually been kept? Not many.

To be fair, the republican presidents in recent history have kept more of their presidential campaign promises than the democratic presidents have. Bush Sr. it was "read my lips, no new taxes" and went back on that. Clinton shat all over the gay community during his presidency but touted to be their savior and they believed him. Clinton shat all over U.S. workers he promised he'd help by signing NAFTA. Clinton touted to make us secure while cutting down on spending in areas that we really needed it when it comes to military and intelligence.

So far I only have Clinton to go by as far as recent history, unless I talk about Carter--things weren't that great under Carter--he became much better with age, WAY after he was president.

I really like Ron Paul in the areas I like him. In the areas I don't, I REALLY don't like him--but the areas I like him in outweigh the areas I don't like. The problem is, he really has no chance because the media and the electoral college decide who is president, not the people, and those that don't fit lock-and-step with a party pretty much have ZERO chance.

My favorite is Kucinich--I like almost all of his stances, and I think he would make major change that would put more into the social programs and less into the crap that got us where we are today, but he has as much of a chance of getting the nomination as finding a needle in a 300 foot high haystack.

[ShadyPolitics]

All historical evidence points to the fact that a state without welfare has gross inequalities, and the paltry system the Americans makes use of can barely be deemed socialist. For a nation to be truly self-reliant, its individual citizens need to have adequate living conditions.

I live in the intercity in a poverty stricken neighborhood, and the majority of people on welfare that I have run across, surely doesn't need it. A lot of them lie about their income and then use their welfare checks to buy their children high priced $130 Jordans every month. If someone can afford high priced shoes and cable television, they shouldn't be on welfare. If they can afford to go shopping twice and get their "hair did" twice a month, they shouldnt be on welfare. If they can afford such luxury, they shouldn't be getting food stamps and living in free housing.

Now I was misinterpreted in the former post, I don't support cutting the welfare system completely. I do support putting more measures into place and restricting those of better income from receiving welfare. The purpose of welfare is suppose to be to help the poor better themselves, but they cant better themselves when they are spending welfare dollars on luxuries such as shoes, cloths, hair, and cable television. So instead of bettering themselves, they rely on it for the rest of their life. The only person I feel that government is obligated to provide for permanently the elderly. In conclusion, just as we should put a deadline on the Iraqi War, we should also put a deadline on individual welfare.

[roflwaffle]

Here is the thing. Never once in US History has the dollar not come back up. Thats why our country is still not doing bad. It will come back up.

Tom

[Cattraknoff]

Here is the thing. Never once in US History has the dollar not come back up. Thats why our country is still not doing bad. It will come back up.

Tom
Many times did Rome come back up after a decline. But it did fall eventually though, did it not?

The American empire will collapse eventually, as all empires do. Yours has grown corrupt, arrogant, and its power has begun to wane.

[Mitch]

I completely agree with Catt.
Every empire has fallen eventually, and I think that the US will fall HARD. That's why John Maynard Keynes had the right idea for capitalism, save money in an economic boom and spend more in a depression. That's so there is not such a hard fall.
The US has been so prosperous, I think that the next depression might be worse than the great depression. Especially with the new effects of globalization.

[roflwaffle]

I agree w/ you. But America is a very new country. I think yes we will eventually fall, but not anytime soon.

Tom

[PaitChow]

At least it's not as bad as the Zimbabwe dollar, the $10000000000 bill just came out, it's worth about 4 bucks American. Ya I want to get a couple for gag gifts, although the way the war in Iraq is going, soon the states will be printing off as much money as those crazy africans.

[Mitch]

I agree w/ you. But America is a very new country. I think yes we will eventually fall, but not anytime soon.

Tom
:D What do you think this recession is? The USSR was a new country too, and they fell after less than 100 years of becoming a superpower. How old is the US? A few hundred? It's long overdue.

[PaitChow]

I like how you guys are talking like we're going to be prehistory someday like the romans, by prehistory I mean everything we do isn't going to still be on Youtube in a hundred years. But I think that the 21st century will belong to China and India, I mean this whole American superpower thing has just been a lapse in the standard China/India leading with the best economy time that's been going on since they built the great wall.

[Cattraknoff]

I like how you guys are talking like we're going to be prehistory someday like the romans, by prehistory I mean everything we do isn't going to still be on Youtube in a hundred years. But I think that the 21st century will belong to China and India, I mean this whole American superpower thing has just been a lapse in the standard China/India leading with the best economy time that's been going on since they built the great wall.

Britain was the Superpower before America, and Spain before them.

China/India lagged behind after they decided that stagnation was going to benefit them, just as Africa & the Middle East did.

The 21st century will not belong to anyone, per se, because there are still going to be superpowers in the form of the EU, NAU (if it happens), and the Asian powers.

And Rome has not been forgotten. Everything they did still has a massive effect on modern societies, east and west (although the west more so). Some could argue that the Roman empire never truly fell, that it simply changed form.

[Locke]

The U.S. has pretty much avoided decline through wars, for the past while.

[Cattraknoff]

The U.S. has pretty much avoided decline through wars, for the past while.

And they've ended up in massive debt and with China holding the power to bring the US economy to its knees. That is the least of their worries, though.

[bizwiz]

The weaker dollar has cause problems from my countrymen who work overseas and earn in dollars. We are getting fewer amount from the exchange rate and since the prices of basic commodities has even gone up, most are having a hard time coping.

[brookes]

I for one am greatly worried... For the first time ever I feel no confidence in my currency.. My stocks aren't doing too well either. it's disconcerting to see books have higher USD prices than CAD.. What are the possible solutions? I'd like to hear ideas

One of the major reasons for the falling of US dollar is due to raise in oil prices. Oil prices increased due to iraq war and instability in gulf. We should see that stability comes back to gulf. Another major reason is our imports from china.
What we can do: Use/develop public transport system(like in LONDON) and coserve oil. Indirectly by conserving oil we will help in recovering dollar.

[bigdoglj52]

I think that the falling dollar is a big issue. The government should rebackup money with gold to solve it too. People are not taking this serious enough IMO. It could cost the economy to crash any day.

[Cattraknoff]

One of the major reasons for the falling of US dollar is due to raise in oil prices. Oil prices increased due to iraq war and instability in gulf. We should see that stability comes back to gulf. Another major reason is our imports from china.
What we can do: Use/develop public transport system(like in LONDON) and coserve oil. Indirectly by conserving oil we will help in recovering dollar.

Frankly that is just a hollow excuse for higher prices.

Public transport doesn't work so well in such a spread-out country as the United States. And transportation is far from being the sole use for oil.

I think that the falling dollar is a big issue. The government should rebackup money with gold to solve it too. People are not taking this serious enough IMO. It could cost the economy to crash any day.

Not until a crash is going to benefit the puppet-masters.