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Old 03-04-2008, 12:23 PM
 
5,410 posts, read 10,354,453 times
Reputation: 4493

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Quote:
Originally Posted by Ultrarunner View Post
Sounds like a good argument to leverage commodities and even Real Estate... paying debt incurred today with tomorrow's cheaper Dollars...
I really did not mean it to be.

I would think the smart thing to do would be to be productive AND profitable.

The thing with flipping real estate and trading commodities -- it produces NOTHING. It may or may not generate a short-term profit, but on average putting money in a box and shuffling it back and forth is not even profitable.

Productive things are growing food for people. Producing energy. Making cars that people want . . . on and on. All those things are both productive AND profitable.

The churning money around and around in pointless circles is pretty much bs at the end of the day. Maybe that is the now the main product of the US? BS. New name -- the US of BS?
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Old 03-04-2008, 06:09 PM
 
Location: Maryland
1,667 posts, read 8,773,685 times
Reputation: 1646
Quote:
Originally Posted by litlux View Post
Seems to me that if the dollar is losing value, and oil is traded in US dollars, no wonder the price has been inflating. Or am I comparing apples and oranges?
Nope, all apples, and an excellent observation. Countries, other than U.S.A. are enjoying the falling $ and the subsequent decrease in fuel prices because of it. Since we Americans are still using the $, it is taking more to buy petroleum products with it. If we were paying Euros for fuel, the price would be decreasing.
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Old 03-04-2008, 09:01 PM
 
4,711 posts, read 11,506,923 times
Reputation: 3789
And we are not even fully reaping the foreign tourism benefits. Many tourists refuse to put up with hassles and indignities (compliments of TSA) that visiting the U.S. entails. They are going elsewhere.
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Old 03-04-2008, 09:04 PM
b75
 
950 posts, read 3,268,678 times
Reputation: 337
I remember when the dollar was stronger then the Euro.
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Old 03-05-2008, 10:32 PM
 
Location: NJ
854 posts, read 2,619,300 times
Reputation: 500
Soon Nike is gonna start building factories over here.

All my friends from Europe wanna come visit me here in FL, it's so cheap right now. A roundtrip for less than eur 400, cheap shopping etc. The US is like a 3rd world country to europeans right now. And it looks like it only get's better for them. Thanks Mr. Bush.
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Old 03-07-2008, 09:18 PM
 
27,502 posts, read 56,606,044 times
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Quote:
Originally Posted by diddiyo View Post
Soon Nike is gonna start building factories over.
You do have a point...

Who would have ever thought BMW, Toyota, Honda, etal would build plants here?

A weak dollar does take away some of the incentive to outsource overseas...
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Old 03-07-2008, 09:31 PM
 
Location: Sputnik Planitia
6,950 posts, read 9,730,483 times
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drop of the dollar is very bad for Americans because the US imports a lot more than it exports.
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Old 03-08-2008, 05:31 AM
 
Location: Central CT, sometimes NH.
3,746 posts, read 5,574,486 times
Reputation: 4126
Quote:
Originally Posted by Philip T View Post
I really did not mean it to be.

I would think the smart thing to do would be to be productive AND profitable.

The thing with flipping real estate and trading commodities -- it produces NOTHING. It may or may not generate a short-term profit, but on average putting money in a box and shuffling it back and forth is not even profitable.

Productive things are growing food for people. Producing energy. Making cars that people want . . . on and on. All those things are both productive AND profitable.

The churning money around and around in pointless circles is pretty much bs at the end of the day. Maybe that is the now the main product of the US? BS. New name -- the US of BS?
How true! Ultimately if you have nothing to produce all this re-handling of people's money disappears.

Yesterday's jobs report is alarming. Large cuts in February in MFG and Construction (making stuff). Increases in Government employment (Hmmm?).

Bernanke is a failure. Harvard, MIT, Princeton, no real-world experience. No more killing the dollar.

We are a great country. Our country is based on a capitalistic model of trade. However, citizens from socialistic governmental structures are able to come here with their (non capitalistic Euros) and buy up our cheap assets that even our own people can no longer afford.

We don't have true free trade. We allow Korean car mfgs to send their cars here with little or no restrictions. However, the South Korean government imposes large import taxes on any vehicle that is not produced in South Korea. Therefore the Koreans are not buying our cars.

The Chinese are now becoming major motorcycle producers. They impose high import taxes on American-made motorcycles to effectively eliminate our presence in China.

If we want to play in their markets we have to move our production facilities there losing our jobs and much of the revenue generated that aids our country

We readily accept imports from these same countries without the same requirements. However, many of them do set up shop here now because their currency advantage and the assets and resources it can purchase here overcome even a cheaper labor cost at home.

The new plants established here also are successful in taking advantage of local tax breaks and creating lower-paying manufacturing jobs at their plants by keeping out unions, locating in rural areas, and utilizing lower-skilled labor to run facilities that utilize high levels of advanced technology and automation.

National health care will push the responsibility of insuring the workers to the government aka us which makes setting up shop in the US even better for foreign companies. Need I mention that many of the assets being acquired are critical resources, food sources, and commodities that are being exported back to countries like China who are resource poor.
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Old 03-08-2008, 07:08 AM
 
Location: Raleigh, NC
9,043 posts, read 12,036,190 times
Reputation: 1395
Quote:
Originally Posted by diddiyo View Post
Soon Nike is gonna start building factories over here.

All my friends from Europe wanna come visit me here in FL, it's so cheap right now. A roundtrip for less than eur 400, cheap shopping etc. The US is like a 3rd world country to europeans right now. And it looks like it only get's better for them. Thanks Mr. Bush.
Some might immediately think this is a good thing, to build factories domestically. We'll actually need to do this eventually since China will likely choke off imports and just enjoy the goods they make themselves or send them to Europe/Australia/NZ/Latin America. However, when Americans are priced out of the high end sneaker market (because we'll be spending the bulk of our income on food/basic clothing/energy), other countries will just take whatever's not nailed down by outbidding our own citizens.
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