US And Fed Deliberately Tanking The Dollar?

[mrjarrell]

That's the accusation coming from a Chinese economist, and I must say that there's a compelling case to made. With a weak dollar American exports will be looked upon more favourably and Obama has said that he wants to raise our exports. Unfortunately, that means that things will cost us a lot more as the dollar becomes weaker and our standard of living will head down, as will our standing in the world economic markets. These guys are going to destroy our economy and I can't help but think that it's deliberate, given their philosophies and histories. The truly sad part is that their "opponents" across the aisles are just as clueless and have no control over the fed, either.

U.S. is currency war's tomb maker -China economist | Reuters

 

[E5RANGER375]

i think they wanted to talk the dollar when they got rid of the gold standard.

 

[ATOMonkey]

It's not like this is a big secret.

There's a race right now to see how can devalue their currency the fastest.

 

[Ogre]

Last I checked, China, among a few others, is the last nation to be criticizing other countries monetary policies. They have been devaluing theirs for years....

 

[Vasili]

yeah, this aint exactly news, son.

been doing this since the illuminati/fed reserve/bilderburg shot kennedy for wanting to put us back on the gold standard.

 

[Praetorian13]

2012 cannot get here soon enough

 

[Pocketman]

Last I checked, China, among a few others, is the last nation to be criticizing other countries monetary policies. They have been devaluing theirs for years....

This is one of the primary reasons we buy so much stuff from China. Another reason the Chinese are complaining is because they have very large investments in dollars.

 

[ATOMonkey]

When the dollar was devalued against the pound sterling and the Euro, we actually got an influx of manufacturing business from Europe.

Now, they are trying to tank the pound and Euro to "balance out" their trade defecit, and we're countering by devaluing our own and so on and so forth.

 

[dross]

When your debt is in dollars, the less they're worth, the less you owe.

First, our wealth was destroyed in the crash.

Next, heavy-handed policies are implemented that make it difficult to regain our wealth.

Finally, they make the money worth less, so the wealth we retained is actually worth less.

Where am I going, and why am I in this handbasket?

 

[E5RANGER375]

yep Dross, you just hit it on the head. they are essencialy erasing U.S. debt. is it the right way? No. I wish our reps would grow some nuts and disband the federal reserve.

 

[ATOMonkey]

Up next...price controls.

 

[buckstopshere]

2012 cannot get here soon enough

What do you think is going to be different about 2012? I definitely want to see Obama out and a socially and fiscally conservative POTUS inserted but ultimately I don't think it's going to matter.

Both parties suck nuts and I haven't seen a candidate yet that I think can/will do a damn thing about this.

I'm curious if you're seeing something different.

 

[Claddagh]

If George Soros wants it, the Dems'll fall over themselves trying to make sure it happens. He does, and they are.

 

[Pocketman]

What do you think is going to be different about 2012? I definitely want to see Obama out and a socially and fiscally conservative POTUS inserted but ultimately I don't think it's going to matter.

Both parties suck nuts and I haven't seen a candidate yet that I think can/will do a damn thing about this.

I'm curious if you're seeing something different.

I agree. This has been building up for decades. Neither party has the gonads the actually stop spending. Neither really wants to tackle immigration either.

 

[Tryin']

What do you think is going to be different about 2012? I definitely want to see Obama out and a socially and fiscally conservative POTUS inserted but ultimately I don't think it's going to matter.

Both parties suck nuts and I haven't seen a candidate yet that I think can/will do a damn thing about this.

I'm curious if you're seeing something different.

I thought the 2012 reference was a crack at the end of the world. . .

 

[buckstopshere]

I thought the 2012 reference was a crack at the end of the world. . .

LOL. I think the Mayan TEOTWAWKI is more likely to happen than either party becoming fiscally responsible in 2012.