Ugh.. any hope for the US dollar?
- Thread starter Dronee
- Start date
Dronee
1
Not really buying as in I'm not going to go back to forex. I don't like negative sum games even if I win in them. Also not going to try some kind of hedging.
I'm not sure about the Chinese purposely raising their currency. I do know that the situation looks grim though. I don't think Obama is a bad leader, but it's a very hard situation. Too many deficits all around in US. Hope its dollar recovers.
I'm not sure about the Chinese purposely raising their currency. I do know that the situation looks grim though. I don't think Obama is a bad leader, but it's a very hard situation. Too many deficits all around in US. Hope its dollar recovers.
I am sure the dollar will recover with time. It is still a major reserve currency and will continue to be so for some time.
A lot of countries have their foreign exchange reserves in US dollars so they are interested in having a strong US dollar
A lot of people have been investing in gold and silver and such for a few years already, as far as I know.. Not sure how the current situation is..
There's a lot of money offshore, and companies are still sending work (and iffy chemicals etc) to Asia etc. So hm?
So many countries are in debt..
I think it would be wise to have income and savings etc not just in dollars.. Also it might be good to have access to land and learn to grow your own food etc.. and/or have directly trade-able skills too.. You can't eat money anyway..
In US, I know some people have made vegetable gardens from lawns etc. Some are doing the whole 'what if Peak Oil happens' self-sufficientish things... (?) or at least getting educated about it..
British pound was low in comparison to euro for a while and then went back up, I think.. and seems low again.. So these things can change..
I think it's wise to not trade in forex or any such iffy things..
There's a lot of money offshore, and companies are still sending work (and iffy chemicals etc) to Asia etc. So hm?
So many countries are in debt..
I think it would be wise to have income and savings etc not just in dollars.. Also it might be good to have access to land and learn to grow your own food etc.. and/or have directly trade-able skills too.. You can't eat money anyway..
In US, I know some people have made vegetable gardens from lawns etc. Some are doing the whole 'what if Peak Oil happens' self-sufficientish things... (?) or at least getting educated about it..
British pound was low in comparison to euro for a while and then went back up, I think.. and seems low again.. So these things can change..
I think it's wise to not trade in forex or any such iffy things..
I've done this and doubled my money, I expect to double it again in 5 years.
The US has declined since it's peak in the 60's. The industrial giant has outsourced itself into oblivion, I'm guessing it will rely on agriculture in the latter half of this century. The UK has been in the same boat since the end of the empire.
Give me your $24.36 and I will double it in 5 years.
That is the best deal you will get from me :
:
coyote
Well-known member
Give me your $24.36 and I will double it in 5 years.
That is the best deal you will get from me :
That's better than I seem to be doing with my money.
Dronee
1
Wait... if you're like one of my friends, who exclaims that he did sooooo poorly on a test only for me to discover his 'poor' is like 99 out of 100...
You have 24 dollars and maybe 24 k in the bank?! If you're talking literally.. then hey, that guy in Pursuit of Happyness had even less I think. Maybe you can be like him and become a rich man eventually!
Alistair
Well-known member
Hehe. I don't have a lot of cash flow, but I'm really thinking of starting my own business, and over the phone so I can hang up on the idiots. Hehe. Kidding, but I am seriously thinking about it any rate.
I think the whole country needs a reboot, economically. I think this makes the most sense, while it utterly sucks, but we would have a clean slate for new tax code, and reform. This would leave out special interests, for tax loop holes to me found abound again unless we do a the Fair Tax (Despite it's social tendencies) or a flat tax. Make sure it's inclusive within the sale, and they would estimate about 4 Trillion dollars would come back to US shores (We have one of the highest Corp. Tax's in the world, thus why we offshore), sales would go up, hiring would go up, and the most important thing it would give power back to the people.
My 2 cents!
I think the whole country needs a reboot, economically. I think this makes the most sense, while it utterly sucks, but we would have a clean slate for new tax code, and reform. This would leave out special interests, for tax loop holes to me found abound again unless we do a the Fair Tax (Despite it's social tendencies) or a flat tax. Make sure it's inclusive within the sale, and they would estimate about 4 Trillion dollars would come back to US shores (We have one of the highest Corp. Tax's in the world, thus why we offshore), sales would go up, hiring would go up, and the most important thing it would give power back to the people.
My 2 cents!
hoddesdon
Well-known member
What is needed is for Americans to save money, instead of spending it. That is what was happening in the 1960's. Then imports decrease disproportionately, which helps the trade balance. If the US dollar decreases in value, is that not much the same as making the Chinese currency increase in value (at least relative to the US dollar)?
Alistair
Well-known member
hoddesdon,
While I do agree with this, a lot of Americans keep spending, and living in debt. They need to plan better for the future, but this also goes for ANY government. You can't spend what you have, this is what Ford did, and they are rehiring, even if slowly.
It also, didn't help that Glass–Steagall Act was repealed during the Clinton Era along with the threat of Obama (Democratic party I should say) raising taxes isn't helping the cause. People need to spend right now, since interest rates are crap anyways, but living within their means. Also, taxing people isn't the best way bring back economy, and the government needs tougher tariffs as of this point as well and not borrow. Save, and shrink. Save, and shrink.
This is why I support a total melt down of the current economy, and reboot. It's a mess (Thanks to Keynesian economics!), and I don't think there is any hope to be honest of recovering if ELECTED officials can't get their heads out of their collective bums and do something about it. If in the means of what I stated above your post, or something to that effect would greatly enhance the world economy, since the US is amount that is scaled against other currencies.
While I do agree with this, a lot of Americans keep spending, and living in debt. They need to plan better for the future, but this also goes for ANY government. You can't spend what you have, this is what Ford did, and they are rehiring, even if slowly.
It also, didn't help that Glass–Steagall Act was repealed during the Clinton Era along with the threat of Obama (Democratic party I should say) raising taxes isn't helping the cause. People need to spend right now, since interest rates are crap anyways, but living within their means. Also, taxing people isn't the best way bring back economy, and the government needs tougher tariffs as of this point as well and not borrow. Save, and shrink. Save, and shrink.
This is why I support a total melt down of the current economy, and reboot. It's a mess (Thanks to Keynesian economics!), and I don't think there is any hope to be honest of recovering if ELECTED officials can't get their heads out of their collective bums and do something about it. If in the means of what I stated above your post, or something to that effect would greatly enhance the world economy, since the US is amount that is scaled against other currencies.
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