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OfflineAaronEvil
The GuitarVillain
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Registered: 09/27/04
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Diminishing Value of the Dollar
    #3487105 - 12/12/04 06:52 PM (12 years, 1 month ago)

I dont want to sound like I am anti-America or anything because I defend the US on every issue that I can... but come on, WHAT THE FUCK! How did this moron get re-elected?


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There is not a lot of difference between a fox hole and a grave; but knowing that you dug your ditch and climbed in anyway.


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Invisiblesilversoul7
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Registered: 10/10/02
Posts: 27,301
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Re: Diminishing Value of the Dollar [Re: AaronEvil]
    #3487115 - 12/12/04 06:55 PM (12 years, 1 month ago)

Quote:

AaronEvil said:
How did this moron get re-elected?



Because America was convinced that the only viable alternative was the moron he was running against.


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"It is dangerous to be right when the government is wrong."--Voltaire


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Offlinezappaisgod
horrid asshole

Registered: 02/11/04
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Re: Diminishing Value of the Dollar [Re: AaronEvil]
    #3487132 - 12/12/04 06:59 PM (12 years, 1 month ago)

Quote:

AaronEvil said:
I dont want to sound like I am anti-America or anything because I defend the US on every issue that I can... but come on, WHAT THE FUCK! How did this moron get re-elected?




What makes you think
A. That this is necessarily a bad thing and
B. That the president could or
C. should interfere in currency markets


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OfflineSWEDEN
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Registered: 10/25/04
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Re: Diminishing Value of the Dollar [Re: silversoul7]
    #3487137 - 12/12/04 07:00 PM (12 years, 1 month ago)

*waits for rebilion to start*

*gets spooked when no rebelion starts*

*flees country*


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Offlinezappaisgod
horrid asshole

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Re: Diminishing Value of the Dollar [Re: SWEDEN]
    #3487140 - 12/12/04 07:02 PM (12 years, 1 month ago)

Quote:

SWEDEN said:
*waits for rebilion to start*

*gets spooked when no rebelion starts*

*flees country*




Bye


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OfflineAaronEvil
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Registered: 09/27/04
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Re: Diminishing Value of the Dollar [Re: zappaisgod]
    #3487147 - 12/12/04 07:03 PM (12 years, 1 month ago)

Its not a bad thing for countries that use the Euro. Its a good thing for them. Im not questioning if the president should interfere with currency market, but he did interfere and that hurt our economy.


--------------------


There is not a lot of difference between a fox hole and a grave; but knowing that you dug your ditch and climbed in anyway.


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InvisibleAnnapurna1
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Re: Diminishing Value of the Dollar [Re: AaronEvil]
    #3487168 - 12/12/04 07:09 PM (12 years, 1 month ago)

one thing is for sure ..if the dollar does crash..rove&co will find some way to blame it on the liberals and/or osama bin goldstein...the resulting wave of right-wing radicalism might get bush a 3rd term and possibly worse...


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"anchor blocks counteract the process of pontiprobation..while omalean globes regulize the pressure"...


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OfflinePhred
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Re: Diminishing Value of the Dollar [Re: AaronEvil]
    #3487190 - 12/12/04 07:17 PM (12 years, 1 month ago)

What specific actions did Bush take that you categorize as "interfering with the currency market"?

pinky


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Invisiblesilversoul7
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Re: Diminishing Value of the Dollar [Re: AaronEvil]
    #3487209 - 12/12/04 07:23 PM (12 years, 1 month ago)

I'd like to add that it's the Federal Reserve which is largely responsible for our diminishing currency, and you can't really fault Bush for that, though his tax cuts have made the government increasingly reliant on it.


--------------------


"It is dangerous to be right when the government is wrong."--Voltaire


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Offlinezappaisgod
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Re: Diminishing Value of the Dollar [Re: silversoul7]
    #3487214 - 12/12/04 07:26 PM (12 years, 1 month ago)

Quote:

silversoul7 said:
I'd like to add that it's the Federal Reserve which is largely responsible for our diminishing currency, and you can't really fault Bush for that, though his tax cuts have made the government increasingly reliant on it.




Reliant on what? Our currency?


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Invisiblesilversoul7
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Re: Diminishing Value of the Dollar [Re: zappaisgod]
    #3487230 - 12/12/04 07:30 PM (12 years, 1 month ago)

Reliant on it as a source of revenue. In other words, since Bush is unwilling to cut spending at the same rate he cuts taxes, he has to have the Federal Reserve print more money.


--------------------


"It is dangerous to be right when the government is wrong."--Voltaire


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Offlinezappaisgod
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Re: Diminishing Value of the Dollar [Re: silversoul7]
    #3487310 - 12/12/04 07:48 PM (12 years, 1 month ago)

Reliant on what? Again, please, what is "it"?


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Invisiblesilversoul7
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Re: Diminishing Value of the Dollar [Re: zappaisgod]
    #3487334 - 12/12/04 07:54 PM (12 years, 1 month ago)

"it" = Federal Reserve


--------------------


"It is dangerous to be right when the government is wrong."--Voltaire


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Offlinezappaisgod
horrid asshole

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Re: Diminishing Value of the Dollar [Re: silversoul7]
    #3487353 - 12/12/04 07:59 PM (12 years, 1 month ago)

The Federal Reserve is a source of revenue?


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OfflineAncalagon
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Registered: 07/30/02
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Re: Diminishing Value of the Dollar [Re: zappaisgod]
    #3487416 - 12/12/04 08:11 PM (12 years, 1 month ago)

Quote:

zappaisgod said:
The Federal Reserve is a source of revenue?



The marked up paper they print and distribute are certainly a source of revenue for the government. They allow the government to continue utterly insane levels of spending without levying direct (and politically deletarious) taxes against the people.


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?When Alexander the Great visted the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: 'Yes, stand a little less between me and the sun.' It is what every citizen is entitled to ask of his government.?
-Henry Hazlitt in 'Economics in One Lesson'


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Offlinezappaisgod
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Re: Diminishing Value of the Dollar [Re: Ancalagon]
    #3487430 - 12/12/04 08:14 PM (12 years, 1 month ago)

I didn't think the Federal Reserve printed money. I thought they only set interest rates. The Treasury Dept. prints money, I thought.


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Offlinefaslimy
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Re: Diminishing Value of the Dollar [Re: zappaisgod]
    #3487435 - 12/12/04 08:14 PM (12 years, 1 month ago)

you are an idiot zappa (my term for uneducated), go learn something

watch a documentary called Money Masters



Edited by faslimy (12/12/04 08:16 PM)


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Invisibleblink
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Re: Diminishing Value of the Dollar [Re: AaronEvil]
    #3487440 - 12/12/04 08:16 PM (12 years, 1 month ago)

My money is worth more than it has in the past decade.

thanks amerikkka!


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OfflineShdwstr
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Re: Diminishing Value of the Dollar [Re: blink]
    #3487486 - 12/12/04 08:28 PM (12 years, 1 month ago)

Yup... 4 more years of Bush rules, and the Canadian dollar will be worth more than the US dollar.  :cool:


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OfflineAaronEvil
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Re: Diminishing Value of the Dollar [Re: Phred]
    #3487558 - 12/12/04 08:49 PM (12 years, 1 month ago)

Quote:

pinksharkmark said:
What specific actions did Bush take that you categorize as "interfering with the currency market"?

pinky




How about his increase in defense spending after 9/11 which was around 49.5% if I am not mistaken. How about how when he did that he didnt decrease spending. How about how he continues to increase funding to the war in Iraq and he does not cut funding from anywhere else. Those are all factors in the value of the dollar. It all relates back to the economy.


--------------------


There is not a lot of difference between a fox hole and a grave; but knowing that you dug your ditch and climbed in anyway.


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