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"Our dollar is worth maybe zero over here,"

Discussion in 'Political Discussion' started by weswelker#83, Mar 17, 2008.

  1. weswelker#83

    weswelker#83 Rookie

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  2. BelichickFan

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    #24 Jersey

    First, couldn't this have gone on one of the other "dollar is sinking" threads ?

    Second, that wasn't some statement of fact just some dumb off hand comment. Dollars are not worth zero. Obviously. Jeez. They just had trouble trading them in to small time dealers who were conerned about the dollar falling before they could trade them for local currency - not of the dollars becoming worthless.

    Just quit this overreactionary misleading crap. Please.
  3. otis p. driftwood

    otis p. driftwood Rookie

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  4. weswelker#83

    weswelker#83 Rookie

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    What you failed to understand is none want the dollar that can depreciate fast , over night. EUROPEAN Stores don't want a money that depreciate every day , if not every week.
    You think this is over reacting ,because you don't like it.
    Last edited: Mar 17, 2008
  5. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    I understand perfectly well, thank you very much. We don't need threads which state blatant untruths like this one.
  6. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    OTOH think of Audi selling a car for 40k, with the dollar dropping relative to the Euro their profit margins get hammered.
  7. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Yes, and that is causing inflation as the weak dollar is slowly forcing foreign suppliers to raise the prices of the goods they sell in the US. They've resisted doing so because the US market is so attractive, but the dollar is becoming more and more problematic for them.
  8. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    It also help make American exports more competitive and American made products more profitable.
  9. otis p. driftwood

    otis p. driftwood Rookie

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    BWAAAAHAAHAHAHAHAHAAAA!


    We've got to talk about you interjecting sense into these left wing pity party threads.

    :D
  10. Real World

    Real World Moderator Staff Member

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    As someone who travels to Europe every year, and has done so since birth, the weak dollar sucks for me. It used to be that I could go to Italy and live like a king on $100. Two things have happened in the last 8 or so years. One, the Euro came out, which has absolutely destroyed Italy, and two, the dollar has pooped the bed. I will say that Europe is much more expensive than the US. Everything costs more there. So when the dollar is weak, it's awful for US tourists.
  11. BelichickFan

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    #24 Jersey

    OTOH, it gets tourists over here spending money. I'm not in favor of this weak dollar but there is a silver lining.
  12. Real World

    Real World Moderator Staff Member

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    If you live in Mass, go to the Wrenthem Outlets and it's all foreign tourists spending much cash. They bring them in by the bus load. Tourism is up dramatically now. Still though, we need a stronger dollar. It's going to get weaker though, and will probably begin to rebound sometimes late summer, or fall. A little anyhow. That's when oil will be down 20+%.
  13. reflexblue

    reflexblue PatsFans.com Supporter PatsFans.com Supporter

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    #91 Jersey

    Are you saying that the hookers,and hash dealers won't take dollars? :eek:
  14. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    The weak dollar has helped sustain our economy, but now we're facing a number of problems because of it, most notably inflation and increased cost of borrowing. Also, I read a few months ago that in places like NYC, real estate prices have remained strong because foreigners are buying it up, pricing out Americans and even excluding Americans from any gain (since properties are now being bought and sold between foreigners).
  15. Real World

    Real World Moderator Staff Member

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    NYC won't see drops because of the clientele that purchases there. You're talking about million to billionare's selling to each other in the highest end districts. If you go to the lower level neighborhoods, it's a different story. Either way though, a low dollar does have it's benefits, but a shattered dollar presents serious problems. The more we lower rates and bail out financial institutions, the weaker it will get.
  16. weswelker#83

    weswelker#83 Rookie

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