For general debate and discussion. Possible talking point: The current bearishness for the dollar is like nothing I've ever seen. Honestly, is there ANYBODY bullish on the dollar?
With that in mind, could ALL these people be right, and the dollar is going MUCH lower? Or, as contrarian analysis dictates, when so many people agree on the future direction of an asset, it has to start going the other way?
Also, are you concerned about a low dollar? How is it impacting you, your business, or your personal finances if at all?














Comments Policy
I'd be concerned about the dollar...
November 9, 2007 - 11:13 ET by tater...if I was going to another country (and even then not much). Last I checked 1 dollar goes for 1 dollar in this country.
Do you realize how much it costs to run for office? More than any honest man could afford. -Montgomery Burns
Doesn't the value of the
November 9, 2007 - 11:20 ET by fosstenDoesn't the value of the dollar affect the price of imports to this country? If I'm right, that means that everything we buy that's made in another country is more expensive the less the dollar is worth. That should affect all of us.
By the way, it's disingenuous to call this paper currency we use a "dollar." It is most certainly NOT a "dollar." We use federal reserve notes, which in no shape or form resemble the dollar as it was invented and used up until 1913 when we switched from the gold standard.
As long as the gubmint continues to print money willy-nilly, there is ZERO reason to be bullish on the "dollar."
Forget 911, I dial 9MM.
Thanks for clearing it up for me...
November 9, 2007 - 11:28 ET by taterSo would that be one of the primary reasons oil has skyrocketed? In that case I would think...low dollar =high oil = everything associated with oil goes up in price.
Do you realize how much it costs to run for office? More than any honest man could afford. -Montgomery Burns
The overlooked Hugo factor
November 9, 2007 - 11:44 ET by acumenI wonder what impact the new Socialist regime of Venezuela has on rising oil and the falling dollar?
That's not the only
November 9, 2007 - 11:46 ET by sarcasmoOverlooked Hugo factor these days...
JMR
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Find brick wall, insert head
November 9, 2007 - 14:03 ET by acumenIt has become strikingly obvious you are willing to throw any Republican candidate under the bus to support a candidate that doesn't have a snowballs chance in hell of gaining the Republican nomination. The DNC must be so pleased.
It certainly raises my eyebrows when a self-proclaimed Libertarian such as yourself chooses to dismiss the dangerous implications associated with Hugo Chavez's total disregard for the the oldest democracy in South America's constitution in favor of showcasing a weak attempt by the questionable Texas Ethics Commision (certainly questionable from a Libertarian position if you visit the link) at damaging a political rival of your chosen Libertarian guru.
Don't misinterpret my intentions. I have not firmly decided on just whom I will be supporting in the upcoming Republican primary. But I assure you whomever I support will have to possess the ability to beat Hillary. Simply stated, Ron Paul does not - he has alienated too much of the Republican base.
It is one thing to be passionate about supporting a candidate but your obsession with Ron Paul is bordering on frightening Sarc. Frightening in the sense that you totally disregard the fact that your Ron Paul mania will deliver Hillary to the White House as sure as in a not to distant closely contested election Libertarian's unhealthy fixation with Perot awarded Bill Clinton the Presidency. Even more frightening, that all too real outcome of your mania doesn't seem to discourage you in the least.
Forbes rates Fred top Conservative...
November 9, 2007 - 14:25 ET by Clear thinkerForbes own research has listed Fred as the most conservitive candidate in the race, period. Bar None! http://www.forbes.com/2007/10/01/election-candidates-politics-oped-cz_gm_1002thompson.html
Scroll down to candidates and click on each picture. The results are shown for each individual candidate.
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Hey Ct... What a cool
November 9, 2007 - 14:41 ET by bigtimerHey Ct...
What a cool site...I am sending that to a few friends and relatives that I know would be interested. I also like the short to the points bio's...
Thanks...I had fun clicking on a few real quick....so far I am still voting for....
Thompson/Hunter '08!
You go girl! Scroll
November 9, 2007 - 14:48 ET by Clear thinkerYou go girl!
Scroll down to see breakdown.
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Go figure, the most
November 9, 2007 - 16:01 ET by Hero SquadGo figure, the most "conservative" of the Democrats profiled here is... Al Gore!
**My Daughter at the WWII Memorial
Acumen
November 9, 2007 - 14:36 ET by fosstenYour lack of passion for ANY of the candidates on the Republican side is what's frightening, and more telling. The big elephant in the room that NOBODY here wants to talk about save sarcasmo is that NONE of the candidates for the presidency are true conservatives and thus generate no excitement. The fact that nobody here is excited about ANY of them is a sign that the Republican party has departed from conservatives, not the other way around. The consequence of this is that when a candidate such as Ron Paul shows he is willing to stand for conservative principles no matter what, and without compromise, people get excited and passionate about that. Your statement that sarc's passion is frightening is absurd and sophomoric. It's better to be passionate about somebody than to be apathetic like you are. Can you truly say that you are excited about the prospect of a President Giuliani, President McCain, President Romney? And Fred as a conservative? He's no Ronald Reagan, and even Reagan didn't cut spending like he should have. He caved to the Democrats on more than one occasion, including AMNESTY.
Furthermore, you have zero idea how any of our candidates will fare against Hillary Clinton, a not-so-closeted socialist, wife of Slick Willie, and the first Womyn Candidate. She has so many negatives that I dare say Mickey Mouse could probably get at least 50 percent of the vote against her. Look what happened to her in the last debate - she stepped in a big pile and lost a third of her lead. She's not that tough an opponent. Moreover, many left wing voters like Ron Paul and probably would vote for him over Hillary because he's anti war and wants to legalize mary jane.
Forget 911, I dial 10MM.
fossten... Ratings of how
November 9, 2007 - 14:44 ET by Clear thinkerfossten...
Ratings of how Conservative a candidate is...
Out of 50
Fred 40.6
John 40.5
Mitt 36.7
Rudy 36.2
Duncan 34.3
Ron 31.2
Tom 31.1
Mike 26
These were compiled by Forbes at...
http://www.forbes.com/2007/10/01/election-candidates-politics-oped-cz_gm_1002thompson.html
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clear thinker
November 9, 2007 - 14:57 ET by fosstenYou need to read the breakdowns so you can understand how Forbes is defining what conservative means.
Ron Paul gets low social marks because he wants to restore Federalism??? That makes no sense whatsoever. You may argue that the FED determining that abortion is illegal is a conservative stance, and you might get high marks for that. But to say that the FED should stay out of the business of the states is EQUALLY conservative and should get even higher marks because it also is aligned with the Constitution. By the way, Ron Paul's position on ABORTION ITSELF is that he's against it. Why isn't that a socially conservative position? Arguing over how it's supposed to be handled is more about Paul's view of government in general, and he's taking the position of smaller, less intrusive government, which is more in line with the founders than ANY of the other candidates. Look at Fred; he isn't trying to reduce government.
Furthermore, Ron Paul aligns himself with the Constitutional definition of when the US can go to war. How is agreeing with the Constitution a liberal stance? Please explain to me how giving the Executive Branch carte blanche to prosecute any war the Prez wants is a conservative position.
Forget 911, I dial 10MM.
fossten... I did read the
November 9, 2007 - 15:12 ET by Clear thinkerfossten...
I did read the breakdowns, and I suggest you ask Forbes your question. I only posted the results.
BTW... "Thompson emphasized his belief in federalism and the abilities of the free market."
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Hey, I'm just speaking
November 9, 2007 - 15:53 ET by fosstenHey, I'm just speaking truth to power. But you go ahead and duck the question; it shows that you don't have a solid foundation.
Forget 911, I dial 10MM.
Truth to power.... Give
November 9, 2007 - 16:20 ET by Clear thinkerTruth to power....
Give me a break!
Ok, maybe I don't have a solid foundation, but Fred does.
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Foreign Policy Idiot
November 10, 2007 - 06:23 ET by UnsaneFurthermore, Ron Paul aligns himself with the Constitutional definition of when the US can go to war. How is agreeing with the Constitution a liberal stance? Please explain to me how giving the Executive Branch carte blanche to prosecute any war the Prez wants is a conservative position. So, to hell with Thomas Jefferson then?
Also, if China were to unload all of its Long March missiles on the United States...do we retaliate with our Minuteman III missiles, OR do we FIRST summon a joint session of Congress to declare war on China, THEN retaliate?
Face it...Ron Paul is a foreign policy idiot.
Res tantum valet quantum vendi potest.
Ok, then. Let's see some excitement.
November 9, 2007 - 14:58 ET by sarcasmoI don't see either people or money for the media-hyped Huckabee campaign. IMO TaxHikeMike CAN'T WIN. He doesn't have NEARLY our fund-raising power (think November 5th wasn't fun? Wait'll you see Veteran's Day money!). None of the other candidates, Democrat or Republican, have anything CLOSE to our Hillary-killer people-power on YouTube or Digg or Meetup or MySpace or Facebook or any of a number of similar independent services, yet the media refuses (until we got all that money, that is) to treat Ron Paul as a serious candidate in spite of those facts. Around here, if that kind of blatant-bias were to happen to ANY other Republican candidate, it'd be screamed-about by more people than just-me, and everyone-here knows it whether or not all of you'd be willing to admit it.
Surprisingly, or not, some of the more-honest appraisals of Paul's campaign I've seen have come from the left side of the blogosphere. And frankly, I don't trust Forbes to rate conservatism, at least the fiscal variety. But if you're excited about Fred, get out there and show it. Give Fred money. Wave Fred signs. Slap-on Fred bumper stickers. Just posting on the internet (especially NB) won't do your candidate much good. Good luck.
JMR
Rally online with fans of Dr. Ron Paul.
They're not excited Sarc.
November 9, 2007 - 15:02 ET by fosstenThey're not excited Sarc. It's because they know they don't have a true conservative horse in this race. They don't know who to pull for because Mitt and Rudy keep leading the polls and that scares them because (elephant in room again) they are both LIBERALS. And Fred is sleepwalking through this campaign. He's no liberal, but he's no Reagan either.
Forget 911, I dial 10MM.
Wow, you upgraded...
November 9, 2007 - 15:11 ET by sarcasmoMy memory of 10mm was "too loud, may as well go with .44mag!" :)
Anyway, I hope that Republicans will slowly grok the fact that we've got one way to beat Hillary, and that's with the only candidate she's not prepared at all to run against. And despite his age, I can tell you that Dr. Paul is quite the athlete to this day. And he gets along quite well with young people.
The surprising thing (despite all the idiotic "cult/God" name-calling by a few here) is that I do disagree with Dr. Paul on a number of issues. A lot of his fans do. But I'm convinced Ron Paul can beat Hillary EASILY if we just win this primary, which is guaranteed to be difficult, but maybe a little difficulty is what the Republican party needs right now.
JMR
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Sarc wrote "But I'm
November 9, 2007 - 15:15 ET by Clear thinkerSarc wrote "But I'm convinced Ron Paul can beat Hillary EASILY if we just win this primary,"
Now that's funny!
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Apparently, you're not that good
November 9, 2007 - 15:29 ET by sarcasmoAt clicking-links. The funny part's coming on Monday, with money. My goal is $1.1 million, because due to rampant inflation $1 million's not-enough anymore, and because it's the 11th. I wonder how the Guy Fawkes spin will sell on Veteran's Day? Heh heh heh.
And here's a bonus link about primaries and another about financial advisors. Ya know, I'm having a lot of fun with this campaign, even when people try to be negative they fail. I hope y'all are having fun, too.
JMR
Rally online with fans of Dr. Ron Paul.
Hillary's got the hardest
November 9, 2007 - 15:56 ET by fosstenHillary's got the hardest negative to beat - 50% of all likely voters say they would NEVER vote for her. That's much worse than you realize. Never mind the fact that she's a woman, shrill, a socialist, and a Clinton.
General Patton used to say that a good soldier never takes counsel of his fears. I suggest we do the same.
Forget 911, I dial 10MM.
R-E-A-C-T-I-O-N-A-R-Y
November 10, 2007 - 06:25 ET by UnsaneIt's because they know they don't have a true conservative Ron Paul is a REACTIONARY, not a "true conservative". The more anyone calls Candidate X a "true conservative", the faster the electorate should run.
Res tantum valet quantum vendi potest.
N-A-M-E-C-A-L-L-E-R
November 10, 2007 - 06:30 ET by sarcasmoIt must be sad not to be able to just argue politely, no? And EVERY SINGLE Republican candidate (even RINOs like Rudy) has been calling himself "a true conservative," so you must be plannin' on a Hillary vote, eh?? :)
JMR
Rally online with fans of Dr. Ron Paul.
A-C-C-U-R-A-T-E
November 10, 2007 - 06:51 ET by UnsaneThe truth sucks, and hurts you deeply, doesn't it? Hence, your whining, to quote Sarcasmo, "like a little girl". "Reactionary" isn't so much a name like "idiot" or"moron" than it is an accurate label. Indeed, you are a reactionary.
Res tantum valet quantum vendi potest.
Truth?
November 10, 2007 - 06:57 ET by sarcasmoFrom you, I have yet to see it. Only namecalling and whining like a little girl (I call 'em like I see 'em and you DO whine like a little girl, a lot!!) about Ron Paul's success. Keep whining and calling-names, it seems to be helping!! :^)
JMR
Rally online with fans of Dr. Ron Paul.
Oh whiny reactionary!
November 11, 2007 - 02:55 ET by UnsaneRon Paul's success? Hey, I HAVE to give him my props! With all those delegates he got from those straw polls and the Guy Fawkes Day fundraiser, he is SURE to take the Republican Convention by storm!!!
Wait a minute...
And only you, who constantly whines like a little b!#$h about...well...everything, would accuse me of whining. Keep sounding like a Leftist who accuses everyone else of things you yourself will not ever take responsibility for doing. In the meantime, I have 4 March circled on my calendar, and will see what your little REACTIONARY friend does...REACTIONARY.
reˈactionary [-ʃə-] adjective, noun
(plural reˈactionaries) (a person) opposed to change and progress or favoring a return to things as they were
Seems to me that this is a very accurate description of your God, Ron Paul the Shahinshah. And you. Don't like me calling your God what he is, a REACTIONARY? Don't like me calling you a REACTIONARY? To quote Sarcasmo: Tough. Deal with it. REACTIONARY.
Res tantum valet quantum vendi potest.
I'm not "obsessed"
November 9, 2007 - 16:07 ET by sarcasmoI'm once-again just having fun, it's YOU who have your panties in a knot. Ron Paul is the ONLY Republican candidate who can definitely beat Hillary, and that's that. And Libertarians and libertarians didn't overwhelmingly support Perot, I'm the one who mocked his billionaire a$$ by collecting pennies for him when he decided to take politician-welfare. The idea that I'm working to help Hillary is as stupid as the idea that I'd ever vote for Rudy. Telling the facts about Rudy only throws him under the buss because he's a lefty. Your Texas link is a complete non-sequitur, too, I have no idea what you mean by that. You desperately need to get a clue.
JMR
Rally online with fans of Dr. Ron Paul.
(sigh)
November 9, 2007 - 16:10 ET by Free Stinker(sigh)
Now there's an intelligent, cogent reply!
November 9, 2007 - 16:11 ET by sarcasmoSigh.
JMR
Rally online with fans of Dr. Ron Paul.
If we promise to vote for
November 9, 2007 - 16:14 ET by Free StinkerIf we promise to vote for Ron Paul if he gets the nomination, will you promise to vote for Rudy, Mitt, or Fred if one of them gets the nomination?
Nope, not Rudy -- I already said so.
November 9, 2007 - 16:16 ET by sarcasmoAnd "we" have already promised, in at least one "conservative" case here, to vote for Hillary and against Dr. Paul if that happens, so your premise is flawed to say the least. But it's stupid (no other word, sorry) to say ANYTHING about me supposedly supporting Perot's candidacy, ever. I repeat: Stupid's the ONLY word for it. Period. If people keep being stupid, I'll keep callin' 'em stupid, but they really might want to consider just quitting being stupid instead, and telling the truth.
JMR
Rally online with fans of Dr. Ron Paul.
Who said they would vote Hillary over Ron Paul?
November 9, 2007 - 16:23 ET by Free StinkerWho said they would vote Hillary over Ron Paul?
Shame on them.
As far as the Perot comment, I believe that was acumen's remark, not mine.
I'm surprised you wouldn't vote for Rudy. I must have missed when you said that or have forgotten. Could you PM me that one?
One of the Iraq-war's rabid fans
November 9, 2007 - 16:34 ET by sarcasmoI think "Candace" but I'm probably mis-spelling the name.
And yes, the Perot stupidity (sorry, but in this case "comment" ain't enough) was Acumen's, but my reply to said stupidity elicited your one-word reply, which I then naturally mocked. Short history of thread now over.
The best expression of my thoughts on Rudy come from Judge Napolitano's Con-Law 101 lesson, which is in my user-area and is worth watching (but the pigiron part is #4). I knew Rudy wanted to be President back when he had Elliot Spitzer's job and was expanding "RICO" beyond the intent of congress. And look how well his doing THAT "won" the tax and spend drugwar...
JMR
Rally online with fans of Dr. Ron Paul.
your one-word reply, which I then naturally mocked
November 9, 2007 - 16:42 ET by Free StinkerRon Paul is the ONLY Republican candidate who can definitely beat Hillary
Sarc - of course I made that reply to the above remark. What do you base this on other than your desire to see Ron Paul as President? RP has supporters, and he is raising money, but that doesn't translate into beating Hillary.
I'm with Fred, but I'm honest enough to admit his primary campaign seems to be floundering, and I'll be voting for Fred, or against Hillary (if it's Rudy, Mitt, or Ron)
Um, maybe I base it on
November 9, 2007 - 16:53 ET by sarcasmoThe VARIOUS links I've posted around this thread. You can try to take one thing I've said out of context, but the context is right there whether you like it or not. Look especially at this one, though, because honest folks in the bias-bustin' business need to ask themselves why the news media has put such stock in such "scientific" polls, whose "science" is IMO so-crappy it makes even government cannabis research look honest. And that's a pretty-damn-low bar....
JMR
Rally online with fans of Dr. Ron Paul.
Sarky says" I'm convinced Ron Paul can
November 9, 2007 - 16:16 ET by RJbeat Hillary EASILY..." ...and a short while later says "Ron Paul is the ONLY Republican candidate who can definitely beat Hillary..."
From you're "convinced" to "definitely", huh? What brought on the upgrade, a devine revelation? ;^)
Too dumb for a respectful reply
November 9, 2007 - 16:18 ET by sarcasmoI fail to see how I have contradicted myself, except in your fertile imagination. Others say plenty of things using the same words without your dim attempts at argument.
JMR
Rally online with fans of Dr. Ron Paul.
You've made a "respectful" reply to someone, sarky?
November 9, 2007 - 16:22 ET by RJI must have missed it. :^)
P.S. You don't read very well. I didn't say it was a contradiction, I said it was an upgrade.
Ok, maybe there's a reason or 2 for the upgrade we can agree-on.
November 9, 2007 - 16:49 ET by sarcasmoLike this. Or this. As I said in Jan., this is "The YouTube Election" and this YouTube video explains the "scientific" polls we see better than ANY "mainstream" news outlet, bar none. And just because I don't tend to respect some posters -- RJ included -- here doesn't mean I don't emit respectful replies when they're warranted, as NB readers know already. Want respect? Act respectable.
Have you ever, even once, said any positive thing about Dr. Paul?? Have you ever, even once, considered my idea that there's media bias against him (due to his libertarian/conservative views) that literally dwarfs the already-substantial media bias against other Republican candidates? I haven't seen it, if so...
JMR
Rally online with fans of Dr. Ron Paul.
sarky, you generalize again
November 9, 2007 - 17:04 ET by RJI believe the only specific comment I've made about Ron Paul, pro or con, is to say that his position on pulling out the troops in Iraq makes him unacceptable to me as a Presidental candidate.
P.S. Why on earth should I care whether or not I receive respect from some obsessed, humor-impaired poster...particularly one who repeatedly demonstrates his inability to follow a line of thought? ;^)
Yeah, go get 'em!
November 9, 2007 - 17:10 ET by sarcasmoKeep respecting those "scientific" polls instead! I'll stick with overseas bookies. Where money can be lost by dimwits is where the real truth can be found.
JMR
Rally online with fans of Dr. Ron Paul.
What on earth are you talking about, sarky?
November 9, 2007 - 17:14 ET by RJ"polls?" Huh? Have I said anything about polls?
You're having an even more difficult time than usual logically following a line of thought. See, this is what I meant about you being obsessed, sarky... :^)
The conversation you apparently can't-follow, RJ
November 9, 2007 - 17:18 ET by sarcasmoSee above. You're not the only person who's posted, but it's you that's having the difficulty. Focus. Breathe deep. You'll get over that YouTube video, I'm sure.
JMR
Rally online with fans of Dr. Ron Paul.
Ohhhh, I get it sarky
November 9, 2007 - 17:25 ET by RJIn your obsessive fantasy, you've melded me into the "anti-Paul collective."
And as a member of your fantasy "collective", I'm responsible for anything said by any of the OTHER members.
....got it... ;^)
RJ... I looked, and I
November 9, 2007 - 17:22 ET by Clear thinkerRJ...
I looked, and I can't find what polls he's talking about either.
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Look harder, then.
November 9, 2007 - 18:35 ET by sarcasmoThe "scientific" polls are explained right here, once-again. Reading is fundamental, but clickin' on these newfangled "link" thingys sometimes-helps, too. And that goes for RJ as well.
But rest easy, boys, the AP seems to have finally found a way to keep him from winning SOME polls. I can't blame 'em. As one comment here proclaimed: "Clearly Ron Paul is not a top tier contender like Newt Gingrich." They get to be biased, I get to mock their bias, and support just-grows. Fun fun fun. :)
JMR
Rally online with fans of Dr. Ron Paul.
Still having trouble with that comprehension thingy, sarky?
November 10, 2007 - 12:19 ET by RJWe all know your obsession impairs your ability to respond to what is actually said, bringing on these frequent non-sequiturs of yours.
Let's try again: I remarked on how, in the space of a few posts, you upgraded from a "belief" that Paul would win to a statement of fact that he would "definitely" win....and I asked if a devine revelation caused the upgrade.
I realize, though, that it's hard for you to keep up when saddled with that one-track mind, so I'll keep trying to make allowances and being patient with you. ;^)
It means as long as
November 9, 2007 - 12:12 ET by dscottIt means as long as Venezuelian oil is bought with US dollars, the real price of oil is not rising but dropping. Hahahaha Screw you Hugo!!!! Oil may be $100/barrel today, but in effect with the devaluing dollar, it may be really $80 or less. This also means the Saudi's who denominate their oil sales in dollars are helping to keep down the price of oil and won't have to pump as much oil to flood the market in order to hold the line on price. Perverse isn't it?
Hanlon's Razor: Never attribute to malice that which can be adequately explained by stupidity. dscott's corollary: The line between malice and stupidity is called depraved indifference.
Wow, a dollar doesn't even
November 9, 2007 - 13:29 ET by deus_ex_machinaWow, a dollar doesn't even buy a clue these days...
Look At Canada
November 9, 2007 - 11:48 ET by Del DolemonteMy brother and sister in law are in the planning stages to get their own house. They're going the "factory-built house" route, and because we're in northern New England, they wanted to get one manufactured in Canada, as they are designed for harsh winters.
However, since the Canadian "looney" has increased in value compared to the US dollar so much, they are now forced to buy one made here in the States.
Well, what do you suggest
November 9, 2007 - 12:17 ET by motherbeltBy the way, it's disingenuous to call this paper currency we use a "dollar."
The paper is a "federal reserve note."
The "dollar" is our unit of currency. What's your point?
The point might be historical
November 9, 2007 - 12:30 ET by sarcasmoLong ago, "dollar" meant 412 1/2 grains of actual silver metal, not a green piece of paper. Then the politicians started ignoring the Founders' wisdom, with predictable results. Nothing is free, and money-printing like we've done raises many moral issues which dwarf the eroded NewSpeak definition of the word "dollar," IMO. Loose monetary policy is much like the drug heroin for politicians and people, in terms of both addictivity and effects.
The language question NewsBusters here should ask themselves is "how did a unit of weight measure that meant something somehow change over time to mean just a piece of paper that's worth less and less as more & more get-printed/issued?" It's worth some thought...
JMR
Rally online with fans of Dr. Ron Paul.
Gresham's Law?
November 10, 2007 - 06:28 ET by UnsaneAre you familiar with Gresham's Law?
The "money MUST be a store of value!!!" argument has been lost LONG ago. If money is the store of value, where is the incentive to invest?
Res tantum valet quantum vendi potest.
"Bad money drives out good"
November 10, 2007 - 06:36 ET by sarcasmoWhich has NOTHING to do with investment incentives beyond the good money people tend to keep. Try to find a wheat penny, a silver dime, or even a pre-1982 copper penny around these days. You won't, except MAYBE for the last item.
Keep digging! And if the argument about gold being money was "lost" so "long ago" why did Ronald Reagan talk about hard money when he ran (on libertarian rhetoric, as usual for most Republicans!)??
JMR
Rally online with fans of Dr. Ron Paul.
Hobbies
November 11, 2007 - 03:04 ET by UnsaneWhich has NOTHING to do with investment incentives beyond the good money people tend to keep. Try to find a wheat penny, a silver dime, or even a pre-1982 copper penny around these days. You won't, except MAYBE for the last item. That's because of a hobby called coin collecting. I have many "wheaties", but I'm not keeping them because I fear some ballyhooed depression. I am keeping them specifically because they are so few, far between, with a unique design on them...the exact same reason I have a specially marked roll of quarters from 1976.
My father has many of the same things you describe, and again, its not because he fears some economic calamity, but rather, because he is a collector. He likes to show them off from time to time, and indeed what I know of coin collecting I learned from him.
Keep digging!
People actually do keep money to hoard and collect. Keep digging ever more!
Res tantum valet quantum vendi potest.
On the other hand, since
November 9, 2007 - 12:24 ET by dscottOn the other hand, since things had gotten out of balance with oil, the devaluing of the DOLLAR now has made it enticing for foreign tourists to come to the US and spend money thus helping the economy. This means all those dollars (we used to finance the debt) out there will now be brought to the US to buy US made products, spurring the economy at just the right time to avoid a recession. It means the Euro being too strong against the dollar will force the Europeans to either weaken the Euro or bite the bullet with a major loss of trade to the US.
BTW the Federal Reserve is not going to order the Mint to print money willy nilly, don't be silly fossten, this isn't Germany after WWI, they are not that stupid. The bottom line is this: Oil and Dollars are fungible and so form a balance, when oil goes in excess in price, the dollars must balance out. Oil = Dollar In other words no matter how high the price of oil goes, the dollar's value will adjust to maintain the equivalent balance.
Hanlon's Razor: Never attribute to malice that which can be adequately explained by stupidity. dscott's corollary: The line between malice and stupidity is called depraved indifference.
How can we know that,
November 9, 2007 - 12:37 ET by sarcasmoWithout knowing M3 anymore? Who besides Bernanke knows what they'll print/inject/issue/inflate???
JMR
Rally online with fans of Dr. Ron Paul.
Sarc, how many times do we
November 9, 2007 - 14:07 ET by dscottSarc, how many times do we have to have this discussion???
http://www.newsbusters.org/blogs/dow-14000-abc-theres-good-deal-worrisome-economic-news-these-days.html
$1 trillion dollars ($860 billion actually) in notes in a $13 trillion dollar GDP economy doesn't do anything with inflation.
Hanlon's Razor: Never attribute to malice that which can be adequately explained by stupidity. dscott's corollary: The line between malice and stupidity is called depraved indifference.
ANY extra dollars
November 9, 2007 - 15:05 ET by sarcasmoHave to do with inflation in the real world. I'm just glad a candidate has the balls to discuss the non-publication of M3. And that candidate's getting cheers from college students every time he mentions his positions on Socialist insecurity or the Federal "Reserve." I think it's funny. And everyone click the link, I think that conversation went pretty well. :)
JMR
Rally online with fans of Dr. Ron Paul.
Gold standard
November 10, 2007 - 06:19 ET by UnsaneThe United States went off the gold standard in 1933 per FDR.
Res tantum valet quantum vendi potest.
Tell that to Tricky...
November 10, 2007 - 06:28 ET by sarcasmoWho closed the gold window in 1972 in realityville. Much like boiling a frog, this debasement has been a gradual process. A great historian like you, of all people here, should know that...Hell, they even went from 90% silver coins to 40% silver, in their desperation to confuse fiat dollars with real money, and still to this day they wash the zinc pennies that cost more than one cent to make in copper for some strange reason...
JMR
Rally online with fans of Dr. Ron Paul.
Realityville
November 10, 2007 - 06:31 ET by UnsaneIn Realityville, in 1933 FDR took the United States off the gold standard. What Nixon did in 1971 was end the Bretton Woods agreement.
And please consult Gresham's Law sometime.
Res tantum valet quantum vendi potest.
Nope. 1972 was the end. FDR just started a process.
November 10, 2007 - 06:41 ET by sarcasmoNixon "closed the gold window" to foreign governments like France, which forced the issue just as China may now be forcing the issue in a different but similar way. As I've said, this was a slow, frog boilin' process away from honest money in this country, despite the Founders' advice to us in the Constitution. Read some history sometime...
JMR
Rally online with fans of Dr. Ron Paul.
LOL
November 11, 2007 - 03:12 ET by UnsaneHAHAHA!!! I seem to recall you exploding with rage when I pointed out to you that Article I of the Constitution gives Congress power "To Coin Money, and regulate the value thereof". And if the dollar isn't "honest", then why are the markets perfectly happy to take dollars? Why aren't we putting into place in this country the same procedures that kept such currencies as the Ostmark "soft": namely, forcing ALL visitors to trade 1:1 at the border and prohibiting any export of the currency?
Besides, I cannot take anyone seriously who tells me to "Read some history sometime" when he cannot accept such easily proven historical truths as the failure of isolationism, for starters.
Res tantum valet quantum vendi potest.
Then check again, over time...
November 9, 2007 - 11:27 ET by sarcasmoWhat cost $1.00 in 1980 would cost $2.68 in 2006.
Also, if you were to buy exactly the same products in 2006 and 1980, they would cost you $1.00 and $0.37 respectively.
Inflation concerns can't be quelled with meaningless platitudes like: "Last I checked 1 dollar goes for 1 dollar in this country."
JMR
Rally online with fans of Dr. Ron Paul.
Invest
November 10, 2007 - 06:33 ET by UnsaneThat's why you invest in things that, generally speaking, either beat inflation or match it. I'm not losing much sleep over my IRA and it has decades to go yet...
Oh, and money made of precious metals are immune from inflation? There are some examples in history that might make you think twice...
Res tantum valet quantum vendi potest.
Nothing
November 10, 2007 - 06:38 ET by sarcasmoIs always a good investment, but the inflation figures above don't lie. They're what's happened.
JMR
Rally online with fans of Dr. Ron Paul.
???
November 11, 2007 - 03:18 ET by UnsaneUm, I am not disputing inflation happened (or, as sometimes hapens, deflation), and nor will you ever hear me make that statement. However, precious metals are not immune from inflation, either.
Res tantum valet quantum vendi potest.
Power of the Web-Instant Bimbo Eruptions
November 9, 2007 - 11:21 ET by Caringwhiteguyhttp://www.nytimes.com/2007/11/09/us/politics/09clinton.html?ex=1352264400&en=d8424e0ab4c93587&ei=5090&partner=rssuserland&emc=rss
Here's a link to the NYT story about how the Mrs. Bill Clinton campaign has created a website to reply to all those "scurilous" stories about the Queen of Park Ridge.
They didn't waste anytime
November 9, 2007 - 13:06 ET by BruzillaThey didn't waste anytime responding to the story about the waitress not getting tipped. I'm reading a lot of print about how the bill, $157, was paid with a Visa, and the tip of $100 was paid with cash. But I haven't heard much said about why anyone would tip $100 on a $157 bill. I've known some pathetic guys who have tipped their Hooters girl that much, hoping (unsuccessfully) to impress them, but I can't imagine some campaign flunk... who hears about costs day in and day out, dropping a 64% tip.
You've been out with Sarc at
November 9, 2007 - 17:41 ET by Roger the ShrubberYou've been out with Sarc at Hooters? I did not know that.
When the dollar falls,
November 9, 2007 - 11:22 ET by CapitalismRulesWhen the dollar falls, exports tend to rise which helps create jobs in the US and increases the GDP, but also typically indicates inflation. We are an import business mainly, so the falling dollar really freaks us out, but I would say that China's floating currency and government subsidization lifts are a bigger issues.
Track record
November 9, 2007 - 11:34 ET by JDWConsider the past and the performance of our economy. The dollar has been weak (which can lead to inflation) yet exports have risen, production has risen, unemployment has decreased, and the market has been above 13k for some time.
What else are we are importing besides energy?
JDW
Sen Clinton: Distinguished Founder of Media Matters
I tend to be an optimist
November 9, 2007 - 11:55 ET by CapitalismRulesI tend to be an optimist when it comes to the weak dollar and just go with the flow even if it means that we take a hit on our prices.
What else are we importing besides engery-based commodities? Well, I for one import all kinds of consumer products from furniture to electronics, toys to home decor (be sure to check out several lead-based paint stories).
What else are we are
November 9, 2007 - 11:56 ET by fosstenWhat else are we are importing besides energy?
Ever heard of China?
Forget 911, I dial 9MM.
Fos/CR
November 9, 2007 - 12:42 ET by JDWOf course we import other products, in many cases it is not worth our while to produce them.
Brazil is soon to become a major oil exporter. My point was America has a limited amount of time before our opportunities are no longer viable. If we do not become self-sufficient with regard to energy our economy will collapse and technology will follow. We will import more than one can comprehend.
JDW
Sen Clinton: Distinguished Founder of Media Matters
No major disagreement
November 9, 2007 - 12:43 ET by fosstenNo major disagreement here.
Forget 911, I dial 10MM.