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Thread: Dollar loses reserve status to yen & euro

  1. #31
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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Tucker Case View Post
    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.
    Re-read my post, and then think about exactly what I said.
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    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Tucker Case View Post
    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.
    OK but...

    Who signed off on the printing of the money?

  3. #33
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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Goobieman View Post
    OK but...

    Who signed off on the printing of the money?
    First, you mean? That was Bush

    They've been "injecting" billions into the market since August of '07.

    They injected nearly a trillion in September of 2008.

    Is the Fed's $800 Billion Plan Cause for Concern? - BusinessWeek



    Obama is simply doing what Bush signed off on to a higher degree.

  4. #34
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    Re: Dollar loses reserve status to yen & euro

    OK, hold the train for just a second. The dollar has not lost its reserve currency status, as highlighted by the fact that it, the dollar, accounts for 62% of all reserves held by central banks. It does not take a math genius to equate that the Euro, Yen, Pound, etc... combined make up 38% of total central bank reserves.

    Obvious Child has already pointed out the reasons for temporary devalue, stemming from both a competitive export model, along with appeasing a liquidity preference during a tough economic environment.

    While it is quite conceivable that the Euro replaces the Dollar as the world reserve (many many years down the road), it is dependent on a specific set of circumstances that would need to unravel.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Dollar loses reserve status to yen & euro

    The most disturbing aspect of all this is that I think Obama takes great joy in all of this. He wants the destruction of the U.S. He's an Ayers disciple, is he not? That's the dirty little secret.

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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Erod View Post
    The most disturbing aspect of all this is that I think Obama takes great joy in all of this. He wants the destruction of the U.S. He's an Ayers disciple, is he not? That's the dirty little secret.

    Yep. That's exactly it. He also ate that little baby Jessica who fell in the well all those years ago. Damn you, Obama!!!!!

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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Erod View Post
    The most disturbing aspect of all this is that I think Obama takes great joy in all of this. He wants the destruction of the U.S. He's an Ayers disciple, is he not? That's the dirty little secret.
    Are you aware that the president (if and of himself) has very little, if any, control on relative strength of the dollar?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Goobieman View Post
    Its not their fault or credit. Its the fault of the republicans who have continually bombarded the credibility of the dollar every time they have had any power. Bush shot the dollar and Obama is now nuking the dollar credibilty with enourmous state debt that will take generations to pay. With no industry left except military industry and less services than before the US have to rely on financial services manipulation(people who steal money from the working men).. But this has in fact lost its credibility permanently.
    Europe is illegally occupied by the US

  9. #39
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    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.
    Indeed. It's to our advantage to have artificial constructs that distort the real value of the dollar. But the one thing here I detest above all else is hypocrisy. Notice that those who are bashing Obama are also the same people who bash artificial distortions in the market. That's a contradiction in their belief system.

    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.
    Several publications came out against Bush for this as it damages our dollar in the long run.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Dollar loses reserve status to yen & euro

    Why am I not surprised that the mindless hypocritical partisan hacks are ignoring posts:

    http://www.debatepolitics.com/breaki...post1058306425
    http://www.debatepolitics.com/breaki...post1058306427
    http://www.debatepolitics.com/breaki...post1058306441
    http://www.debatepolitics.com/breaki...post1058306445

    Their behavior suggests they aren't actually angry about the decline in the dollar and the potential loss of the dollar as a reserve currency.

    Their behavior suggests they don't like a Democrat in office. They are merely using this opportunity to blame only one side when both sides are at fault. If they actually gave a damn about what they pretend to, they would have long ago came out against the Bush policies that got us here.

    Both Obama and Bush are to blame. But the mindless partisan hacks think only Obama is to blame.

    Again, I see NONE of those who attack Obama for this who were here in 2006 have provided any evidence they criticized Bush for the same reckless behavior. Bush had a policy to devalue the dollar to boost exports. Did ANY OF YOU PARTISAN HACKS say ANYTHING about that? I seriously doubt it.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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