The $$ price and what it buys really only matters to those who invest in foreign currencies or who do business in other countries other than the US...to the standard US person, they don't care about how the dollar fares against the other currencies, the standard US person is not a big investor anyway. I agree that we need more of our jobs back in the USA, especially with all the recent China bumbles...but regardless of that, the markets are still a cycle, they always have been and always will be, the US $ has gone up against other currencies, and has gone down...there is no way that we can say that a recent happening is a downer or an upper without weighing it against the history of the markets...but nonetheless, the liberals love to be about the doom and gloom, which is why you see so many of them calling for the US govt to bail out the mortgage (non) crisis. It is not the govt. responsibility to bail out stupidity. We saw that with Katrina.
I agree that going to the fairtax would be a viable solution...I have read HR 25 and what the fairtax is all about...I also think it would help with the amount of $$ that the US loses to illegals every year and the amount of govt. spending that we all know as pork...If we could really get rid of the pork, we would be in much better shape, but we all know that will never happen.
Many Romans were caught arguing the exact same thing, right up until the end. The point is that there are signs of decay and ignoring them is not going to make things better in the morning. Saying that this is only just a normal cycle does not lesson the crises. Sorry it is now fend for thee self time and you are starting to look like a bone to me.....Did you watch the video I posted earlier?
d16, what you are missing is that when the dollar fluctuated before it was not because the supply was inflating. My example was simple and true enough. Every time a new dollar is produced, all existing dollars lose value. And the Fed creates a lot of new dollars every single year. Dollars that we cannot exchange for hard assets at a fixed value. As far as the dollar buying stuff, perhaps you are familiar with the fact that our middle class is shrinking at a rapid rate? This is one of the first signs of hyper-inflation.
yea Las Vegas is most evident of that. (so i hear..) i think the chances of getting our government to stop spending are just as great as getting them to secure our borders.
These kind of things were also said back in March of this year, and look what happened, the market rebounded...if you think a hiccup is a problem, then I can't help you...also, nice chart you posted on the dollar, it was a 5 min period...if you go and look at the bigger picture, it is still obvious that the dollar has declined in value....but I also prefer this one, which puts the US $ vs. the Euro...see something similar??
so a graph based on 5 min was yours?? thats the pot calling the kettle black...at least I did a "max search" and posted the data given, rather than something that was only 5 min worth of datal... as far as the video...yes, I watched the crappy video...I also looked around the site, and this is what I found: basically this is about as anti-american economy as you can get...furthermore, what they are doing is using scare tactics in order to try and get investors....they are also merely opinions, and there is nothing factual about them, as the website even claims: I think you need to find some better stuff if you really want to hash this stuff out....
But mine was at least recent and you enjoy your equity in your "undervalued" house......LOL! What a tool you are. Your only argument is the same no matter the topic........