Page 3 of 12 FirstFirst 12345 ... LastLast
Results 21 to 30 of 117

Thread: Dollar loses reserve status to yen & euro

  1. #21
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

    Re: Dollar loses reserve status to yen & euro

    Dollar Posts Biggest Monthly Decline Since 2003 on Fed Comments - Bloomberg.com

    Huh. Biggest decline since 2003. Goobieman, can you provide a single post of yours criticizing Bush? After all, you were posting here during the same time. Same goes for you American and Harshaw.

    Correction: American, you are exempted. I know you don't care about being consistent.
    Last edited by obvious Child; 10-14-09 at 02:59 AM.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  2. #22
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Crunch View Post

    Of course it's all Bush's fault.
    Just because you are a partisan hack does not mean everyone who objects to your partisan hackery is a partisan hack themselves. Did Obama's massive spending make the already bad situation worse? Without a doubt. But would Obama's spending by itself have caused this? No. Remember that debt under Bush nearly doubled from $5.73 to $10.7 trillion. If the debt had stayed the same under Bush or even went up just $1 trillion, Obama's massive spending would not have caused this.

    You folks are blaming the guy who put the straw that broke the Camel's back yet ignore the guy who put strapped lead weights to that camel.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  3. #23
    Professor
    Baralis's Avatar
    Join Date
    May 2009
    Location
    MO
    Last Seen
    12-05-17 @ 03:53 AM
    Gender
    Lean
    Independent
    Posts
    2,394
    Blog Entries
    1

    Re: Dollar loses reserve status to yen & euro

    I have a strong feeling that if we do manage to audit the fed that the information it reveals will finish the job.

  4. #24
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Baralis View Post
    I have a strong feeling that if we do manage to audit the fed that the information it reveals will finish the job.
    I'm not sure we even need to do that. Given how the GOP and Democrats have no real plan to deal with our financial apocalypse, smart investors now (as the link shows) are getting out. It's only a matter of time. Auditing the fed isn't necessary. To be honest, Even if Bush had been completely fiscally conservative, we'd still be screwed. An extra $5 trillion in debt isn't much when your unfunded liabilities run well past $40 trillion.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  5. #25
    Educator
    Join Date
    Aug 2007
    Last Seen
    11-15-15 @ 11:02 PM
    Gender
    Lean
    Liberal
    Posts
    802

    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by obvious Child View Post
    Correction. The dollar was deliberately weakened under the past administration to boost exports. Notice not a single person blaming Obama for this has mentioned that.

    What is interesting is that the dollar's value is highly artificial. Without the use of dollars as a reserve and as petrocurrency, the dollar's value would be significantly lower. For those here who have come out against artificial constructs in the market, they sure don't seem to have a problem with the artificial constructs keeping the dollar where it is. But people are walking contradictions. I see many of them here. Hypocrisy is likely the most abundant resource on the planet.
    Indeed. There's advantages both ways. Having an artificially high dollar like we do, we're able to consume more than we produce. The world is basically subsidizing us. Good for us in that we get more stuff, sweet.

    On the other hand, a weaker dollar is connected with higher exports (IE jobs!) and lower imports (including outsourcing to foreign countries.) Japan intentionally kept their currency low for years to maintain their exports.

    Personally, I'd love to have the dollar fall to it's true value. Since that's both good and bad, everyone can be happy. Those who oppose the current administration can blame Obama for it. Those who support the current administration can praise Obama for it. Win-win!

  6. #26
    Slayer of the DP Newsbot
    danarhea's Avatar
    Join Date
    Aug 2005
    Location
    Houston, TX
    Last Seen
    Today @ 01:27 AM
    Gender
    Lean
    Conservative
    Posts
    39,720

    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by vvx View Post
    Indeed. There's advantages both ways. Having an artificially high dollar like we do, we're able to consume more than we produce. The world is basically subsidizing us. Good for us in that we get more stuff, sweet.

    On the other hand, a weaker dollar is connected with higher exports (IE jobs!) and lower imports (including outsourcing to foreign countries.) Japan intentionally kept their currency low for years to maintain their exports.

    Personally, I'd love to have the dollar fall to it's true value. Since that's both good and bad, everyone can be happy. Those who oppose the current administration can blame Obama for it. Those who support the current administration can praise Obama for it. Win-win!
    While those in the know, with no political axe to grind, can condemn both Bush and Obama for the destruction of the dollar.
    The ghost of Jack Kevorkian for President's Physician: 2016

  7. #27
    King of Videos
    dirtpoorchris's Avatar
    Join Date
    Jan 2008
    Location
    WA
    Last Seen
    Today @ 03:48 AM
    Gender
    Lean
    Libertarian
    Posts
    6,993

    Re: Dollar loses reserve status to yen & euro

    I'm Finding it Harder to be a Gentleman, White Stripes ~ "You think I care about me and only me. When every girl needs help climbing up a tree."

  8. #28
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    12-09-17 @ 07:36 AM
    Gender
    Lean
    Conservative
    Posts
    76,237

    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Tucker Case View Post
    This is a spiral effect from horse**** fiscal policies by a Bush appointee who should have been removed by Obama.

    Both Bush and Obama are douchebags over Bernanke.
    The word 'Bush' and some derogatory gets you a thanks from Dana. Congrats.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  9. #29
    Matthew 16:3

    Join Date
    Jul 2008
    Location
    Everywhere and nowhere
    Last Seen
    06-24-17 @ 05:05 PM
    Gender
    Lean
    Progressive
    Posts
    45,603

    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by American View Post
    The word 'Bush' and some derogatory gets you a thanks from Dana. Congrats.
    It's also possible that I am getting thanked because I'm not blaming only one side while ignoring the other side's complicity in the matter.

    Both Bush and Obama are to blame for allowing Bernanke to hold this position.

  10. #30
    Banned Goobieman's Avatar
    Join Date
    Feb 2006
    Last Seen
    03-22-15 @ 02:36 PM
    Gender
    Lean
    Very Conservative
    Posts
    17,343

    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by winston53660 View Post
    Your article really does not mean very much.
    I suppose not, if you dont care about things like this.

Page 3 of 12 FirstFirst 12345 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •