[Willy702]

Originally Posted by eventusstultorummagister

Anything (and I mean anything) is better than the U.S. dollar right now.

BTW, did you happen to notice the gold fringe on the U.S. flag during the news conference? Anyone who was in the military (like myself) knows that is a "war" flag and designates martial law.

Yeah interesting like your denial about interest rates that the dollar is strong and into record territory against many of the world's currencies today.

[lvmensch]

Originally Posted by eventusstultorummagister

Anything (and I mean anything) is better than the U.S. dollar right now.

BTW, did you happen to notice the gold fringe on the U.S. flag during the news conference? Anyone who was in the military (like myself) knows that is a "war" flag and designates martial law.

The dollar is quite stable.

The fringe has no particular meaning in the Army or elsewhere.

https://www.crwflags.com/fotw/flags/us-fring.html

Why is it you hate reality?

[BBMW]

Get real. We're in the middle of a hugely deflationary event. The entire world economy is barely functioning. Hundreds of billions, if not trillions of dollars in asset value has been wiped out. Unemployment is instantly soaring. In this situation, the government could put pallets of newly printing Benjamins on the street corners and their wouldn't be inflation.

The government did much of this in 2008. By your estimation, we should have had hyperinflation then also. Nope. Stop trying to apply 19th century economics to the 21st century. The world has moved on.

Edit: I'll throw out another little tidbit. Albeit it's for unrelated reasons, oil is at 23/bbl this morning. So much for hyperinflation.

Originally Posted by eventusstultorummagister

They just announced QE to infinity.

I suggest when you take your wheel barrow full of "money" to the store in the future and try to buy a loaf of bread, you keep a sharp eye it, because someone is liable to steal the wheelbarrow and leave the "money".

WTFU

[Willy702]

Originally Posted by BBMW

Get real. We're in the middle of a hugely deflationary event. The entire world economy is barely functioning. Hundreds of billions, if not trillions of dollars in asset value has been wiped out. Unemployment is instantly soaring. In this situation, the government could put pallets of newly printing Benjamins on the street corners and their wouldn't be inflation.

The government did much of this in 2008. By your estimation, we should have had hyperinflation then also. Nope. Stop trying to apply 19th century economics to the 21st century. The world has moved on.

Edit: I'll throw out another little tidbit. Albeit it's for unrelated reasons, oil is at 23/bbl this morning. So much for hyperinflation.

So true. The "fringe" thinkers think we are all just nuts for not seeing the world as they think it ought to be. Can't really debate anything with them. Plus they have zero idea what QE or Fed actions are. They literally think they are putting pallets on money on the street or helicopters with money being dropped over cities. Those are just metaphors to explain things most in this country are just not smart enough to understand. Economics and economic theory are much maligned, but 99% of the time they prove themselves out in the end. The 1% they don't work its because the world has gone amok with black swan events and human thinking goes way out of bounds of normal, but good luck making out any accurate predictions from those situations.

[Bulwara Road]

Originally Posted by eventusstultorummagister

Anything (and I mean anything) is better than the U.S. dollar right now.

BTW, did you happen to notice the gold fringe on the U.S. flag during the news conference? Anyone who was in the military (like myself) knows that is a "war" flag and designates martial law.

The USD is holding up very, very well considering.

In our case we moved back to Australia in 2018, with the AUD sitting at around USD 0.75 - it has now recovered slightly to USD 0.59 but was as low as USD 0.55 last week.

We still have a house with a mortgage in Las Vegas, so any expense is hitting us very hard. If our tenant leaves we're cooked.

[formerlynorthofnowhere]

[quote=eventusstultorummagister;57652995]Anything (and I mean anything) is better than the U.S. dollar right now.


Personally I'd rather have U.S. dollars than Canadian dollars by looking at the last month.

US dollar (USD)
Low [High] 2020-02-24 1.3279 CAD [0.7531 USD]
Average 2020-02-24 — 2020-03-24 1.3765 CAD [0.7272 USD]
High [Low] 2020-03-18 1.4496 CAD [0.6898 USD]

[formerlynorthofnowhere]

Originally Posted by Bulwara Road

The USD is holding up very, very well considering.

In our case we moved back to Australia in 2018, with the AUD sitting at around USD 0.75 - it has now recovered slightly to USD 0.59 but was as low as USD 0.55 last week.

We still have a house with a mortgage in Las Vegas, so any expense is hitting us very hard. If our tenant leaves we're cooked.

I'm in the same boat. Thankfully only until July when I move there.

[airics]

Originally Posted by eventusstultorummagister

Anything (and I mean anything) is better than the U.S. dollar right now.

BTW, did you happen to notice the gold fringe on the U.S. flag during the news conference? Anyone who was in the military (like myself) knows that is a "war" flag and designates martial law.

Are you predicting a collapse AGAIN? The sky is falling. The sky is falling.

[Cold Warrior]

Originally Posted by eventusstultorummagister

Anything (and I mean anything) is better than the U.S. dollar right now.

BTW, did you happen to notice the gold fringe on the U.S. flag during the news conference? Anyone who was in the military (like myself) knows that is a "war" flag and designates martial law.

Is common in government buildings and courtrooms. It has been since the nineteenth century.

[OmegaSupreme]

I think people are confusing exchange rates with purchasing power, even though they are related to an extent.

In a vacuum, printing too much money will lead to excess inflation. Print even more, you get hyperinflation (unlikely though imo). Even in the current economic climate, it could be disastrous. Our overall health as individuals is tied to the health of our economy.

When things start to turn around, we will be stuck with high unemployment and eventually high inflation, aka stagflation and what do you do in that situation as a policy maker?