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To those of us who like to travel abroad to keep it real, it has gotten really depressing everytime that we hear that Dollar is always "sinking to new lows" against all other currencies, espec the euro. Would Democratic policies lead to a stronger Dollar?
To those of us who like to travel abroad to keep it real, it has gotten really depressing everytime that we hear that Dollar is always "sinking to new lows" against all other currencies, espec the euro. Would Democratic policies lead to a stronger Dollar?
To those of us who like to travel abroad to keep it real, it has gotten really depressing everytime that we hear that Dollar is always "sinking to new lows" against all other currencies, espec the euro. Would Democratic policies lead to a stronger Dollar?
since we have no Gold standard, our money is based on the perception of our government. That is why gold is $700. Globalists can see that, while Wall Street is booming, our actual system is on the decline. Europe, on the other hand, has forged the most powerful economic alliance in history. To a globalist, one is doing much better.
A Democrat reads the economy beyond the Wall Street tickers. They, I believe, see the adverse effects of social stratification (go read the Mexican immigration forum for some good insight on that one), the declining housing market, the decline of real wages (and as a corollary, our consumer based economy) et. cetera. Believe it or not, our money is based on a foreign perception of our status. If we haven't noticed, the foreign perception of us has not been helped by the latest wave of Republicans.
since we have no Gold standard, our money is based on the perception of our government. That is why gold is $700. Globalists can see that, while Wall Street is booming, our actual system is on the decline. Europe, on the other hand, has forged the most powerful economic alliance in history. To a globalist, one is doing much better.
A Democrat reads the economy beyond the Wall Street tickers. They, I believe, see the adverse effects of social stratification (go read the Mexican immigration forum for some good insight on that one), the declining housing market, the decline of real wages (and as a corollary, our consumer based economy) et. cetera. Believe it or not, our money is based on a foreign perception of our status. If we haven't noticed, the foreign perception of us has not been helped by the latest wave of Republicans.
Take that one step further. Our government funds programs through debt which further devalues the dollar through the addition of funds into our currency. It's not so much that a gold standard is required, it's that we don't create funds out of thin air. If we linked the currency to some measure, be it a percentage of our GDP, it would be better than what we have now.
But that takes away the power of the silent tax from the government. Why raise taxes for additional federal programs when we can deflate our currency and pass it off as inflation? Inflation doesn't hurt the rich very much, but it strangles the poor.
What's funny is that you really only hear one candidate talk openly about this. Ron Paul has been fighting this for years... he's one of the few who has always held the federal reserve chairman's head to the fire on every possible occasion.
Very true. It is just a conservative example of Weimar Germany. We can't have it both ways, most growth in this nation has been artificial. Cities built without water, fortunes made without tangible substance, et. cetera. At least China undervalues their currency on purpose. We just do it out of ignorance.
Both republicans and democrats spend spend spend. And in order to do this spending, they create more money. So no, under a democrat nothing will change. Under a republican nothing will change. I think temporary, short term change is possible no matter who you elect. But thinking longterm, I see the only thing changing going on in this country is revolution or radicalized thinking.
Will a new Democratic president lead to a higher Dollar?
Hard to tell.
The strongest I've ever remembered the Dollar being in my lifetime (against the German Mark, French Franc, Japanese Yen, and British Pound) was at the height of the Reagan era—around 1984-87.
But one thing I sure can guarantee: a new Democratic president will lead to higher TAXES!
Your taxes have little to do with the value of the US Dollar. There are many nations with higher taxes that have higher valued currencies. There are even more low taxed states with lower values currency. Both Democrats and Republicans spend (it is an general expectation of our government no matter who you vote for). Pres. Bush has given us more debt than all previous presidents combined. That degrades the value of the dollar much more than his tax cut.
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