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AaronEvil
The GuitarVillain
Registered: 09/27/04
Posts: 1,706
Loc: California
Last seen: 12 years, 10 months
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Diminishing Value of the Dollar
#3487105 - 12/12/04 04:52 PM (19 years, 3 months ago) |
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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?
-------------------- 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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silversoul7
Chill the FuckOut!
Registered: 10/10/02
Posts: 27,301
Loc: mndfreeze's puppet army
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Re: Diminishing Value of the Dollar [Re: AaronEvil]
#3487115 - 12/12/04 04:55 PM (19 years, 3 months ago) |
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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.
-------------------- "It is dangerous to be right when the government is wrong."--Voltaire
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zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 9 months
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Re: Diminishing Value of the Dollar [Re: AaronEvil]
#3487132 - 12/12/04 04:59 PM (19 years, 3 months ago) |
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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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SWEDEN
Miracle of Science
Registered: 10/25/04
Posts: 2,577
Loc: PNW
Last seen: 6 years, 10 months
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Re: Diminishing Value of the Dollar [Re: silversoul7]
#3487137 - 12/12/04 05:00 PM (19 years, 3 months ago) |
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*waits for rebilion to start*
*gets spooked when no rebelion starts*
*flees country*
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zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 9 months
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Re: Diminishing Value of the Dollar [Re: SWEDEN]
#3487140 - 12/12/04 05:02 PM (19 years, 3 months ago) |
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Quote:
SWEDEN said: *waits for rebilion to start*
*gets spooked when no rebelion starts*
*flees country*
Bye
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AaronEvil
The GuitarVillain
Registered: 09/27/04
Posts: 1,706
Loc: California
Last seen: 12 years, 10 months
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Re: Diminishing Value of the Dollar [Re: zappaisgod]
#3487147 - 12/12/04 05:03 PM (19 years, 3 months ago) |
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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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Annapurna1
liberal pussy
Registered: 05/21/02
Posts: 5,646
Loc: innsmouth..MA
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Re: Diminishing Value of the Dollar [Re: AaronEvil]
#3487168 - 12/12/04 05:09 PM (19 years, 3 months ago) |
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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...
-------------------- "anchor blocks counteract the process of pontiprobation..while omalean globes regulize the pressure"...
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Phred
Fred's son
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Posts: 12,949
Loc: Dominican Republic
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Re: Diminishing Value of the Dollar [Re: AaronEvil]
#3487190 - 12/12/04 05:17 PM (19 years, 3 months ago) |
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What specific actions did Bush take that you categorize as "interfering with the currency market"?
pinky
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silversoul7
Chill the FuckOut!
Registered: 10/10/02
Posts: 27,301
Loc: mndfreeze's puppet army
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Re: Diminishing Value of the Dollar [Re: AaronEvil]
#3487209 - 12/12/04 05:23 PM (19 years, 3 months ago) |
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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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zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
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Re: Diminishing Value of the Dollar [Re: silversoul7]
#3487214 - 12/12/04 05:26 PM (19 years, 3 months ago) |
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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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silversoul7
Chill the FuckOut!
Registered: 10/10/02
Posts: 27,301
Loc: mndfreeze's puppet army
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Re: Diminishing Value of the Dollar [Re: zappaisgod]
#3487230 - 12/12/04 05:30 PM (19 years, 3 months ago) |
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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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zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 9 months
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Re: Diminishing Value of the Dollar [Re: silversoul7]
#3487310 - 12/12/04 05:48 PM (19 years, 3 months ago) |
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Reliant on what? Again, please, what is "it"?
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silversoul7
Chill the FuckOut!
Registered: 10/10/02
Posts: 27,301
Loc: mndfreeze's puppet army
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Re: Diminishing Value of the Dollar [Re: zappaisgod]
#3487334 - 12/12/04 05:54 PM (19 years, 3 months ago) |
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"it" = Federal Reserve
-------------------- "It is dangerous to be right when the government is wrong."--Voltaire
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zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 9 months
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Re: Diminishing Value of the Dollar [Re: silversoul7]
#3487353 - 12/12/04 05:59 PM (19 years, 3 months ago) |
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The Federal Reserve is a source of revenue?
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Ancalagon
AgnosticLibertarian
Registered: 07/30/02
Posts: 1,364
Last seen: 15 years, 1 month
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Re: Diminishing Value of the Dollar [Re: zappaisgod]
#3487416 - 12/12/04 06:11 PM (19 years, 3 months ago) |
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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.
-------------------- ?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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zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 9 months
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Re: Diminishing Value of the Dollar [Re: Ancalagon]
#3487430 - 12/12/04 06:14 PM (19 years, 3 months ago) |
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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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faslimy
Dead Man
Registered: 04/04/04
Posts: 3,436
Last seen: 8 years, 3 months
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Re: Diminishing Value of the Dollar [Re: zappaisgod]
#3487435 - 12/12/04 06:14 PM (19 years, 3 months ago) |
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you are an idiot zappa (my term for uneducated), go learn something watch a documentary called Money Masters
Edited by faslimy (12/12/04 06:16 PM)
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blink
eye of horus
Registered: 03/31/02
Posts: 11,349
Loc: Geographic Location (Stat...
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Re: Diminishing Value of the Dollar [Re: AaronEvil]
#3487440 - 12/12/04 06:16 PM (19 years, 3 months ago) |
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My money is worth more than it has in the past decade.
thanks amerikkka!
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Shdwstr
FSRCanada
Registered: 02/17/01
Posts: 2,156
Loc: Ontario, Canada
Last seen: 10 years, 3 months
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Re: Diminishing Value of the Dollar [Re: blink]
#3487486 - 12/12/04 06:28 PM (19 years, 3 months ago) |
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Yup... 4 more years of Bush rules, and the Canadian dollar will be worth more than the US dollar.
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AaronEvil
The GuitarVillain
Registered: 09/27/04
Posts: 1,706
Loc: California
Last seen: 12 years, 10 months
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Re: Diminishing Value of the Dollar [Re: Phred]
#3487558 - 12/12/04 06:49 PM (19 years, 3 months ago) |
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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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