Maximus Zeebra

That is true, I forgot those two important things. Europe is very crowded and we have explored and exploited every single piece of land we have. I like competitiveness. Americans mostly confused European competition for hostility for example, even if everyone knows the US and Europe will always be allies.

South America and the US? Hah, I dont believe that, especially with the political climate in south America right now. I more believe in the North American Union thing to become reality and the US dollar to vanish in a change to another currency for US+CA+MEX. This would be a great saviour for the US after ruining any positive outlooks the dollar has in a future world. The dollar is still respected, but you are dangerously close to ruining any faith in it by running 65 billion dollars in trade deficit monthly. By the time Bush is done in office, US trade balance will be negative 2 trillion, and I sincerely hope a democrat is elected so that problem can be dealt with.

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I am just waiting for some American to pick apart my 5000 word reasoning, by a slight spelling mistake in a sentence, to prove why I am wrong, and he is right.

American politics, knowledge acquired by the people.

GySgt

We've been over this. What we have here is a European trying in vain to push the EU beyond the U.S. and the rest of us entertaining your dreams.

Get over it. Nobody in the world fears anything about Europe. You're like a French poodle that just got a fresh hair cut and now you are pretending to be more powerful than the Doberman.

The American dollar is going to be fine. Growth is going to be fine. America has always welcomed competition, because only through competition can we improve. We have humanized our religions, because their is no monopoly. The Republicans ran amuck, because we have a weak Democratic Party. Our military is powerful and well trained, because we had to face off with the Nazi and Japanese, and then the Soviets. And why is capitalism strong? That's right - healthy competition. Competition has always strengthened America. Economy is no different. If we start to fall and if history is a good forecaster, America will rise up and push forward.

We are tired of holding you up for over fifty years and welcome your success. We are glad that finally Europeans can stand on their own and eventually you can start using that money you use on social issues on NATO military issues instead of relying on us. If anyone fears anyone it is Europeans, because eventually you will be on your own and we will be able to deal with our own social issues. Now, this doesn't mean that we will abandon the world. Leaving it to the care of the EU would not be a good idea (considering we were walked into two world wars under European care) and frankly the EU wouldn't want to do it anyway. Everytime Europe finds itself to some success, they have to measure that against the U.S. and then parade it around like someone cares. It's not us. It's you.

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GySgt
Semper Fidelis
USMC

Ikari

Exactly, this is how it's going to work because the US wants to get its dollar valued correctly. The same thing going on in the US now, at the hight of our deficit spending, these things will eventually be Europes as well. As more and more Euros become stored up and people buy EU debt, the Euro will become overvalued. The same things which happened in America will happen in Europe. It's not all bad because you can really live beyond your means for awhile, but as it is not sustainable, the EU too at some point will have to purposefully devalue their Euro to get it valued right. The only thing really preventing this take over from happening quicker is the EU itself. There are those which still have concern for the Euro and the fact that it is somehow the currency for several different nations. But it's possible it will stabilize and if it did, it will replace the dollar.

That doesn't mean that the US is done for, or that we're not a superpower, or that our economy is screwed. It means we have to stop deficit spending so hard, and we have to force our dollar down to get it correctly valued. Your claims of the Dollar decreasing since the Euro came out seems to be saying that the EU with the advent of the Euro has forced the Dollar down. But in reality, our Federal Reserve has been purposefully pushing the dollar down for sometime. We allow it to float without too much intervention, but because of that our dollar has become overvalued. By decreasing the dollar, we can start getting industry and labor fired back up here at home. So the EU, which is the only other entity on this planet which will allow their currency to float long term, gets to take over and people will use the Euro for quite some time. Europe will get quite the deficit, jobs will flow out, America will be well out exporting the countries of Europe (since our dollar will be valued correctly)...that is if the EU can handle this. In America it's easy because we've always been one country, in Europe it's harder because the EU is only united to aggregate enough force to oppose the US markets. If internal bickering doesn't break things down when deficit spending begins, Europe can enjoy what America has for some time.

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WAR IS PEACE
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH

Maximus Zeebra

Maybe you have this wrong man, the last 60 years, Europe have outgrown the US.. You had a head start after we ruined much of the continent in the war, your country was intact. This is the ONLY reason the US is ahead now. Its not going to be for too long, so dont worry.

Vader

Oh. This is true; however, the current violence in Iraq is the result of revenge killings being committed by both Shiite and Sunni alike.

The coalition forces are NOT responsible of the end result of Islamic indoctrination and radicalization of the Iraq's population. This was done by thousands of years worth of Islamic interference in government and civil affairs.

Essentially, their bogus version of Islam made them violent servants of chaos and anarchy.

As such, you're attempt to blame us for the situation is inappropriate and totally without merit.

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Maximus Zeebra

Hah, did I ever say that? You should know that the Eurozone has no debt, neither do we have that much surplus actually. So no one is financing any debt on our behalf, but now at least, we have that as an option. The real interesting thing is too see how the dollar will survive in a world of two currencies instead of only the dollar. A monopoly is easy to thrive through, competition makes things more difficult.

I never said any of those things. I never claimed the US will not remain a power, and I argued that your economy is screwed if you dont do anything drastic now. Bush and his gang has been trying, by driving up the oil price, this had no effect on either the Euro nor the dollar. Do you want to know the real reason the dollar is falling in value and the Euro was rising and is stabilizing?
Its simple supply and demand, the dollar before the Euro came in had about 95% of world reserve currency status, this has now slipped to 60%, people are selling their dollars, the demand is low, this is why the value is low. The demand for Euroes on the other hand is high, in 6 years it has been very high, we currently have about 25-30% of the world reserve market and our currency is in high demand, thus the high value.

You federal bank has done nothing with the dollar, they have tried to make this fall steady and calm, as it has been instead of rapid, and they have done a good job at it. The fall of the dollar is very fortunate for the US, because it will allow for more exports and less imports. Only when the level of exports and imports are about equal will the dollar stop falling. I envision the dollar at around 5:1 in the future on Scandinavian "kroners". How it will fare against the Euro will be exciting to see, but I think the Euro would be properly valuated around 1.5 to the dollar, and the Brit pound around 2.0 to the dollar. The last step then is to float the Chinese ramibi against all other currencies, and I am sure that it would increase in value to the dollar, maybe to around the same level as the scandinavian kroners. 1:5 or possibly 1:4.

But I guarantee you that the Euroes have not reached their potential yet, you still see nations switching from dollars to Euroes as reserves and trading, its only a matter of time before its a commodity currency as well. Russia and possibly Norway could switch to Euroes, and its rather likely they will, or take both currencies. Its also rather likely that in the future, some or several OPEC nations will do the same, or that OPEC will divide into Euro and Dollar camps.

Well, anyways, its all about the hunt for the NEXT commodity and being able to provide that instead of oil whoms age is almost over.

Vader

Our country got ahead of yours during WWII. Our entry into the war forced us to step out our industrial growth. This had the effect of making us the undisputed industrial champion of the world.

Learn to accept this and move on.

GySgt

And once again you show us just who is in a competition to beat the other and who needs some sort of validation. Dude, we simply don't care what you do on your continent. We just don't want to have to come across the ocean and bleed for you anymore.

America has come so far so fast in such a short amount of time, because we rejected European ideas on how to "perfect" a society. Our diversity gives us the immigrant and religious competition to succeed. Our capitalistic internal competition is why we succeed.

The truth is that if we didn't have to continue to monitor the world after WWII and spend our treasure and change European diapers for the last fifty years, America would be even further than we are now. Either way you slice it, Europe owes us for their newly founded prosperity and Europeans are to blame for our inability to fully focus on internal issues for the majority of the last century.

Get over it.

Ikari

Wow....you need to do a bit o' reading because all these things are interconnected. Europe doesn't have much debt now, but I garuntee you when most monies are kept in Euro, and there is a trade deficit (you'll still need to buy oil, but as it is with the US now, those countries will not buy enough Euro based products to make up for the difference and will instead make up for it by buying EU debt to prevent having to switch currencies over), the EU will take the negative interest debt. This will begin to overvalue the Euro since the EU (like the US) allows the value of their currency to fluctuate longer with less direct interference than other countries, and what happened in America will happen in Europe.

The Federal Reserve for some time has been manipulting short and long term interest rates in the US to slowly start to devalue the dollar. It was a purposeful attempt on our part because the current deficit spending we enjoy now is not sustainable. Eventually, you have to get off the ride or suffer a massive economic correction. This is one of the major reasons behind the falling Dollar. The Dollar, because of our deficit spending, has become overvalued. Because of this, mortgage rates in America artificially inflate, which spurs industry to set up else where; but also allows for the people in general to be able to live above their means. But even with our overvalued dollar, the US has significant export. While it is not equal to that of some countries in Europe, it is a good sign that with an overvalued Dollar we can still export. When the dollar becomes valued correctly, mortgages, land values, etc, fall; industry will return and America will begin to export more. This is necessary because we can not sustain for the long run the trade deficit we currently run. We are winding down to get off the ride and by doing it slowly over the course of several years we can accomplish this goal without bringing about massive corrections in the market.

The dollar is not going to die with other strong currencies in the market. There has always been interplay between currencies, and the US Dollar has always remained stable. Our economy isn't going to collapse (and inspite of your direct claim that you don't say this, things such as "The real interesting thing is too see how the dollar will survive in a world of two currencies instead of only the dollar" insinuates a belief that the dollar will collapse with "competition" in the monies market), and the devaluing of the dollar is actually a good thing in terms of US Industry.

GySgt

Good God. And why no debt, Zeebra? What do you think is the principle reason the Eurozone "has no debt?"

Because as America spent treasure on a global security, squared off with the Soviets, and continued to prosper in our own lands, Europe sat back and suckled off of our provided security and focused on healing and criticizing.

You are welcome to join our European provided burden at any time where the Euro will climb and fall as the Dollar does. But I suspect that Europe would rather watch the world rot into World Wars than take the bruises that is associated with preventing them as it focuses on socialistic welfare states within the EU.