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#92
posted to rec.boats
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No blood for oil
On 25/03/2011 10:40 AM, wrote:
On Fri, 25 Mar 2011 09:10:39 -0700, wrote: Paranoia is obviously your forte. The value of the dollar fluctuates quite a bit. A strong dollar doesn't necessarily mean good things for the US economy. It's a tradeoff when it's strong and when it's weak. Generally down. In the last few years lost 20% against the Yuan. Lost against the CAD too -- bad since the CAD value is mush too. Yes, generally down, but that's great for items we sell elsewhere... e.g., Caterpillar and such. It's just not cut and dried that it's a bad thing or a good thing. Ideally, all currencies shouldn't fluctuate much. That fluctuation certainly gives currency arbitrage some legs though. The problem with devaluing the dollar is we buy a lot more than we sell. If the dollar devalued that would halt right away. PC would go from $800 to $1600 over night. Gas would double, so would food but may take a few months. Devaluation has been tried. In fact I think that was the prime topic in G8/20 in Toronto. G8/20 agreed to as a group devalue fiat currency as government are basically bankrupt all over. Part of why I own so much gold, oil, precious metals and stuff like that, a move to protect the value of the wealth. Turned out to be a fantastic move so far. I have lots of stocks that have litterly trippled, one was up over 10 times, I sold it at 9 though. Every time oil goes up a $1 a barrel, it is thousands for me. Dividend more than pay the fill ups and utilities. Even if they don't go up, those juicy dividends. Money is worthless paper, only good for exchange. |
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#93
posted to rec.boats
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No blood for oil
On Fri, 25 Mar 2011 10:27:40 -0600, Canuck57
wrote: On 25/03/2011 10:10 AM, wrote: On Thu, 24 Mar 2011 22:11:10 -0600, wrote: On 24/03/2011 5:42 PM, wrote: On Thu, 24 Mar 2011 16:55:40 -0600, wrote: On 24/03/2011 4:04 PM, wrote: On Thu, 24 Mar 2011 17:01:02 -0400, wrote: On Thu, 24 Mar 2011 10:47:35 -0700, wrote: According to you, Mr. Expert. In fact, it's just a fear-based rant that is getting old and worn out. Why don't you go back to the birth certificate rant, at least that's entertaining on some level. I suppose you should read a bit more dear. No credible economist right now thinks our entitlements are sustainable. It is particularly true when Obama signed on to the formerly "bush tax cuts" and then cut an additional 2% from the payroll taxes. Reagan would be proud ... except he actually raised the payroll taxes along with Tip O'neil to prop up social security. Obama hastened it's failure. Don't call me dear. It's demeaning and you're not qualified. You started the name calling By calling you Mr. Expert? Well, ok. Just because something is unsustainable doesn't mean it's an imminent problem. Nobody disputes that both need to be fixed. When are they going to start? Obama just made the problem worse by lowering taxes when they really should be going up. The only real fix will be adjusting eligibility age to reflect life expectancy and nobody will even talk about that. "They" already have. Changes are being discussed (rationally) on both sides of the isle. Even the lunatics who want to gut the safety net have a voice, albeit a hysterical one. Sometimes, and I know this is non-intuitive, but it's a long term problem not a short term problem. If your google is broken, I suppose I can find you the projections of what the debt will cost us at various increasing interest rates but I am sure you saw those projections and rejected them as fear mongering. It is just the math that makes me worry. Math shouldn't make you worry. It's just math. When the math shows us bankrupting the government and devaluing the dollar, it is a reason to worry. This is not a long term problem anymore. We are already upside down, borrowing money to cover the short fall. Nope. It's a long term problem. A short term problem is something like the nuclear plants in Japan. A middle term problem is something like job growth. A long term problem is something like SS/MC. Actually, US economic problems are near, mid and long term. USD is loosing value pretty fast and accelerating. Faster she goes, the harder it is to stop. Widmark? Zimbabwe? 1948 German currency reform. Hey, USD might be revalued at 10 cents on the dollar tomorrow. If you own gold or oil, who cares. If you own USD, you got wiped out. Paranoia is obviously your forte. The value of the dollar fluctuates quite a bit. A strong dollar doesn't necessarily mean good things for the US economy. It's a tradeoff when it's strong and when it's weak. Generally down. In the last few years lost 20% against the Yuan. Lost against the CAD too -- bad since the CAD value is mush too. Yes, generally down, but that's great for items we sell elsewhere... e.g., Caterpillar and such. It's just not cut and dried that it's a bad thing or a good thing. Ideally, all currencies shouldn't fluctuate much. That fluctuation certainly gives currency arbitrage some legs though. FYI, very nice, near coherent discussion from you. I'm hoping it'll last. LOL Spoken like a true know nothing. Lower valued currencies is like racing towards the poor house. See Zimbabwe for a prime relatively recent example. People there literally use currency for ass wipe as toilet paper is more expensive. Spoken from you like the moron we know. You have obviously no clue about economics micro or macro. Go play in your sandbox. It's about all you can cope with. Good part is because poor debtors like you suffer the most. As smarter people like me own gold, oil, precious metals etc. That preserves my wealth in face of a stupid government/US Fed ponzi scheme. Debtors in denial do th stupidest of things going. The good part is that nobody cares what you think, since you're not part of nor can you be a part of this country. |
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#94
posted to rec.boats
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No blood for oil
On Fri, 25 Mar 2011 12:40:46 -0400, wrote:
On Fri, 25 Mar 2011 09:10:39 -0700, wrote: Paranoia is obviously your forte. The value of the dollar fluctuates quite a bit. A strong dollar doesn't necessarily mean good things for the US economy. It's a tradeoff when it's strong and when it's weak. Generally down. In the last few years lost 20% against the Yuan. Lost against the CAD too -- bad since the CAD value is mush too. Yes, generally down, but that's great for items we sell elsewhere... e.g., Caterpillar and such. It's just not cut and dried that it's a bad thing or a good thing. Ideally, all currencies shouldn't fluctuate much. That fluctuation certainly gives currency arbitrage some legs though. The problem with devaluing the dollar is we buy a lot more than we sell. Yes, but as I said, it's not as clear cut as lower=bad, stronger=good. It's a lot more nuance than that. The trade imbalance is also an area of concern, but again there's no short term fix. |
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#95
posted to rec.boats
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No blood for oil
On Fri, 25 Mar 2011 12:25:01 -0600, Canuck57
wrote: On 25/03/2011 10:40 AM, wrote: On Fri, 25 Mar 2011 09:10:39 -0700, wrote: Paranoia is obviously your forte. The value of the dollar fluctuates quite a bit. A strong dollar doesn't necessarily mean good things for the US economy. It's a tradeoff when it's strong and when it's weak. Generally down. In the last few years lost 20% against the Yuan. Lost against the CAD too -- bad since the CAD value is mush too. Yes, generally down, but that's great for items we sell elsewhere... e.g., Caterpillar and such. It's just not cut and dried that it's a bad thing or a good thing. Ideally, all currencies shouldn't fluctuate much. That fluctuation certainly gives currency arbitrage some legs though. The problem with devaluing the dollar is we buy a lot more than we sell. If the dollar devalued that would halt right away. PC would go from $800 to $1600 over night. Gas would double, so would food but may take a few months. Devaluation has been tried. In fact I think that was the prime topic in G8/20 in Toronto. G8/20 agreed to as a group devalue fiat currency as government are basically bankrupt all over. Part of why I own so much gold, oil, precious metals and stuff like that, a move to protect the value of the wealth. Turned out to be a fantastic move so far. I have lots of stocks that have litterly trippled, one was up over 10 times, I sold it at 9 though. Every time oil goes up a $1 a barrel, it is thousands for me. Dividend more than pay the fill ups and utilities. Even if they don't go up, those juicy dividends. Money is worthless paper, only good for exchange. You're a moron. It's pretty clear. |
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