On Apr 22, 12:51=A0pm, solon fox <solon...@[EMAIL PROTECTED]
> wrote:
> On Apr 22, 7:00=A0am, Michae...@[EMAIL PROTECTED]
wrote:
>
>
>
>
>
> > On Apr 21, 1:07 pm, Jerry Kraus <jkraus_1...@[EMAIL PROTECTED]
> wrote:
>
> > > On Apr 21, 12:59 pm, Michae...@[EMAIL PROTECTED]
wrote:
>
> > > > On Apr 16, 12:01 pm, Jerry Kraus <jkraus_1...@[EMAIL PROTECTED]
> wrote:
>
> > > > > On Apr 16, 10:30 am, ZerkonX <Z...@[EMAIL PROTECTED]
> wrote:
>
> > > > > > On Tue, 15 Apr 2008 08:27:34 -0700, Jerry Kraus wrote:
> > > > > > > The patterns are strikingly parallel from the beginning of
the=
century
> > > > > > > up to the 1970s.
>
> > > > > > Gold Standard go bye-bye. Money becomes separated from a
referen=
ced value
> > > > > > standard to a value determined by control and manipulation.
>
> > > > > > The rest, as they say, is history.
>
> > > > > It's curious how people in the U.S. say we're not in a "Bear
Marke=
t",
> > > > > when the value of the U.S. currency has dropped by 50% in the
last=
> > > > > five years on international money markets, and the Stock Market
is=
> > > > > just about at the same level it was five years ago. =A0That's a
50=
% drop
> > > > > in effective market capitalization. =A0Not counting inflation.
>
> > > > American (who are not involved in currency exchange hysteria) do
not=
> > > > measure their wealth based off of the Euro.
>
> > > > The measure it based off of what in can buy for them. =A0There has
n=
ot
> > > > been a 50% drop in purchasing power.- Hide quoted text -
>
> > > > - Show quoted text -
>
> > > There has been a 50% drop in purchasing power of the dollar on
> > > international markets as compared to the Euro. =A0If you are
purchasin=
g
> > > only American products in the United States, the drop in purchasing
> > > power is not as noticeable. =A0As long as you limit yourself to
> > > purchasing American products in the U.S.
>
> > Once again a false argument. =A0Most Americans have not seen a 50%
> > increase in the cost of the majority of the goods and services they
> > consume.
>
> > While 5-10% of the average families budget has seen a large price
> > increase, most of the budget has seen only a modest increase in cost.
>
> > The falling value of the dollar is a much bigger problem for those
> > im****ting goods into the US then it is for the consumer. =A0And it
acts
> > as a stimulus for American business. =A0 It is an issue, but it is not
> > our biggest issue.- Hide quoted text -
>
> > - Show quoted text -
>
> I agree with the general content of your comments. The weakened dollar
> is good for American ex****ts and it is good for tourists visiting the
> US.
>
> Let's not lose sight of the fact that the weakened dollar contributes
> to higher prices at the gas pump. Oil is trading at over $117 per
> barrel; but 117 dollars is 73.17 euros (1.00 Euro =3D 1.60 U.S.
> Dollars). The low value of the dollar is of economic concern. If the
> dollar and euro were evenly matched at 1 to 1, the price of gas at the
> pump would be $2.50 (4 US Dollars =3D 2.50 Euros). Granted, that is a
> bit overstated, because there would be other impacts of a strengthened
> dollar, but the point is that the weakened dollar is having a
> significant impact of $1 or more per gallon of gas.
>
> High gas prices mean higher prices in the supermarket and tighter
> budgets for American consumers. The weakened dollar is having a big
> impact on our economy even if it isn't our "biggest" issue.
>
> The EU is on the cusp of their own housing market correction and
> credit crisis. Soon, the euro will weaken and the dollar will
> strengthen as our own economy begins to recover.
>
> -solon fox- Hide quoted text -
>
> - Show quoted text -
You are dreaming. But, since they are your dreams, they will also
become your nightmares.
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