dixon76710

?????? Oh thats freakin rich. What hell hole third world country do you live in?
If they switch to the Euro, the value of the dollar goes down. Those trillions of expensive dollars we have borrowed can be paid back with cheap dollars. Our goods become less expensive for them to buy, their goods become more expensive. More exports, fewer imports. Its all good.

phil88

I don't see how the Europeans could stop the Euro being traded for oil.

If that is all anyone will accept in payment then buyers will have to acquire Euros. this will increase pressure on the value of the Euro upwards with the potential to damage the European community's economies.

They would have to print more Euros to devalue it, there would be no choice. It would be a vicious circle.

Phil88

__________________
'Where Art ends, violence begins'

Gladiator

I agree the Euro is becoming more valuable.


But the reason the Euro is more valuable is because the Euiros are not being printed indiscriminately. The US is borrowing money, increasing the debt ceiling, engaging in raiding of Social Security funds, and dimishing the values of Union and private Pension Plans through artifically low interest rates.

The US Dollar is in bad shape because the US has been printion more money, and the Euro has kept realistic.



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Gladiator

That is not a mispelling or typo.

That is valid grounds for Impeachment of sitting a US President.

PRINTION: The crime of printing more money, when there is not actually the real value to back it up.


.

dixon76710

Anything other than a feeling in your gut to support this belief?



Rank Country GDP (purchasing power parity) Date of Information
2 European Union $ 14,440,000,000,000 2007 est.
3 United States $ 13,860,000,000,000 2007 est.


Rank Country Debt - external Date of Information
1 World $ 54,260,000,000,000 2004 est.
2 United States $ 12,250,000,000,000 30 June 2007
3 United Kingdom $ 10,450,000,000,000 30 June 2007
4 Germany $ 4,489,000,000,000 30 June 2007
5 France $ 4,396,000,000,000 30 June 2007
6 Italy $ 2,345,000,000,000 30 June 2007
7 Netherlands $ 2,277,000,000,000 30 June 2007
8 Spain $ 2,047,000,000,000 30 June 2007 est.
9 Ireland $ 1,841,000,000,000 30 June 2007
11 Switzerland $ 1,340,000,000,000 30 June 2007
12 Belgium $ 1,313,000,000,000 30 June 2007
15 Austria $ 752,500,000,000 30 June 2007
16 Sweden $ 598,200,000,000 30 June 2006
18 Denmark $ 492,600,000,000 30 June 2007
20 Portugal $ 415,500,000,000 30 June 2007
22 Greece $ 371,500,000,000 30 June 2007
25 Finland $ 271,200,000,000 30 June 2007
28 Poland $ 187,800,000,000 30 June 2007
31 Hungary $ 142,900,000,000 30 June 2007
37 Romania $ 85,860,000,000 31 December 2007 est.
52 Slovenia $ 40,420,000,000 30 June 2007
54 Slovakia $ 36,660,000,000 30 June 2007
59 Latvia $ 29,850,000,000 30 June 2007
61 Bulgaria $ 29,290,000,000 30 June 2007
68 Lithuania $ 22,700,000,000 30 June 2007
70 Estonia $ 20,240,000,000 30 June 2007
https://www.cia.gov/library/publicat.../2001rank.html
https://www.cia.gov/library/publicat.../2079rank.html

dixon76710

In case all those #s confused anyone. EU and US economy about the same size. Britain and Germany alone have more external debt than the US.

Gladiator

The debt is what the country owes.

That is, the amount the country has agreed to repay.

Borrowing is not the crime of Printion.

Printion is in US Dollars spent, in addition the acknowledged debt, by printing extra money, for the US, or allies, to buy goods, services and bribe the elite in other countries.

Printion is providing the US plates to print money, which the extortionists use to buy goods. This does not show up directly as Debt.

The crime of Printion is difficult to prove, because everyone is in cahoots. Only by indirect measure, buy observing the devalue of the the US Dollar.


"Descriptions of the indicators
The CPI is most often used to make comparisons partly because it is the series with which people are most familiar. This series tries to compare the cost of things the average household buys such as food, housing, transportation, medical services, etc. For earlier years, it is the most useful series for comparing the cost of consumer goods and services. It can be interpreted as how much money you would need today to buy an item in the year in question if its price had changed the same percentage as the average price change.
Construction of CPI Indicator


The GDP Deflator is similar to the CPI in that it is a measure of average prices. The "bundle" of goods and services here includes all things produced in the economy, not just consumer goods and services that are reflected in the CPI.
Construction of GDP Indicator


The Consumer Bundle is the average dollar value of the annual expenditures of a "consumer unit". The consumer unit could be a family or another type of household. The main point is that spending is a joint decision of the members of the unit. The bundle increases over time as household income increases. Unlike the CPI, not only the cost but also the amount of goods and services increases over time. Note, the 2006 value of the consumer bundle will not be published until November 2007.
Construction of the Consumer Bundle Indicator


The Unskilled Wage Rate is good way to determine the relative cost of something in terms of the amount of work it would take to produce, or the relative time it would take to earn its cost. It can also be useful in comparing different wages over time. The unskilled wage is a more consistent measure than the average wage for making comparisons over time.
Construction of Unskilled Wage Indicator


The GDP per capita is an index of the economy's average output per person and is closely correlated with the average income. It can be useful in comparing different incomes over time.
Construction of GDP Indicator


The GDP is the market value of all goods and services produced in a year. Comparing an expenditure using this measure, tells you how much money in the comparable year would be the same percent of all output.
Construction of GDP Indicator
(Note that these are comparisons of the relative value of an amount of money, and thus the last two are using nominal GDP.)"

Measuring Worth - Relative Value of US Dollars

The US was orginally on the Gold Standard, then I think the Silver Standard, and now floats. The Gold and Silver Standards were theoretically tied to measure weights of precious metals. But previous administrations have manipulated the economy through Printion. W is just probably the dumbest example.

Today the US Dollar is similar to a stock certificate. As more stock certificates are printed by a Corporation, the value usually declines. But the US Dollar and a stock certificate are worhtless, in themselves. It is the public market OPINION of would-be buyers for the stock or the US Dollars.

The Bush family created the S & L crisis, of the 90's, and now people have politely refrained from bringing up the name of Niel Bush

What defense to you offer to my charge of PRINTION? I offer the falling value of the US dollar, worldwide, as proof of Printion.


Foreign Affairs - The End of National Currency - Benn Steil

What are your figures for how many US Dollars were authorized to be printed, in addition to the US Dollar Bills retired? What is your number the actual number US Dollars actually placed in ciruclation by the US Govermental processes? Including the turning of a blind eye to counterfeiting by our elite friends?

Did you ever watch the movie MEXICO? W and the CIA are working for GOD, not Thomas Paine's democratic voters. Therfore, when the CIA needs money to serve GOD, money is forthcoming, without accountablity for how the value of the US dollar will be devalued.

If you are supporting the practice of Printion, then you are smart to ask me for proof. If you have an open mind, look for yourself.


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dixon76710

????uuuhhh??? You dont know what you are talking about. Making up words doesnt really support your assertion and every dollar printed has a corresponding government treasury note, DEBT. Not sure where you got this silly notion that the government simply prints more dollars. And I can assure you the EU also spends the money they borrow.

Gladiator

Here is a 21 page report on North Korean counterfeiting.

http://www.fas.org/sgp/crs/row/RL33324.pdf

Counterfeiting by our allies is hushed up, swept under the rug.


You have not answered my question about he total money printed by the US, above retired, worn-out bills.

The Federal Reserve issues Federal Reserve Notes.

So you believe the serial numbers are recorded, and each bill is accounted for?


The reason the US Dollar is undesirable is because, in additional to a gradual decline in value, the Fed has started auctioning off blocks of cash. This makes for sudden surges and declines in the value of the US dollar.

http://www.federalreserve.gov/BoardD..._instrmnts.pdf


I don't see your references about how many US Dollars the Fed prints or otherwise extends, or auctions off. You don't seem to have given the matter of Fed manipulating the US Dollar much thought, because you seem like you are intelligent and are trying to keep an open mind.

I have listened to Ron Paul and he feels that much of the US Economic trouble is from the Fed over-printing, beyond the value of Gold. Ron Paul feels the Fed is unconstitutional, and that a Gold standard is required in the US Constitution.

Search Ron Paul and Gold:

The End of Dollar Hegemony



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dixon76710

Yes, the North Koreans do simply prints more US currency. Its not part of the federal reserve conspiracy I suspect you are suggesting.