uscitizen
Villified User
As I outlined in my post prior to this one I do understand, but do not like the longer term implications for America.
In any case we will have a painful time ahead of us....
US dollar now worth less than Canadian dollar....
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As I outlined in my post prior to this one I do understand, but do not like the longer term implications for America.
In any case we will have a painful time ahead of us....
with regard to value of the dollar and the economy
first ask yourself who benefits
in general
the lower the dollar the more exporters benefit
and the less importers benefit, except they just pass on the costs
and who benefits more stockholders or wage slaves
but you can bet that bushco supporters were prepared from this and benefited
first ask yourself who benefits
in general
the lower the dollar the more exporters benefit
and the less importers benefit, except they just pass on the costs
and who benefits more stockholders or wage slaves
but you can bet that bushco supporters were prepared from this and benefited
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Make up your mind. Is a weak dollar or strong dollar better for a nation?
C
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American tourists pay more.
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China's weak dollar = A signifagant trade advantage for them that's robbing the US
US's weak dollar - A signfigant trade disadvantage that's going to destroy us.
US's weak dollar - A signfigant trade disadvantage that's going to destroy us.
The Chinese currency is BACKED by the US Dollar, its value follows the US dollar because of that fact.
It is inane to use China in this scenario.
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No matter how many countries in the world link their dollar to the US one, it will always be a good thing for the US dollar to collapse, using your own national fascist logic.
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Damo, you seem to be under the impression that the only country in the world that trades with America is China. How, (well, how should I put this?) inane of you.
However, your example was simply untenable. The Chinese money rises and falls in unison with the US dollar.
No, I specifically stated that using China in your example was inane. At least select a nation who doesn't tie the value of their money to the dollar.
The "I know you are, but what am I?" defense isn't working. Choose another.
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If our dollar was worth 5% of what it was now wouldn't it, by your logic, mean that we would be the European Unions greatest import market? Wouldn't we be rich beyond our wildest dreams selling to the European Union at 5% of the market value, while they would be driven into poverty making a paltry 195% profit off of buying from us?
By whose logic? I simply pointed out to you one fact. That you should use a different nation than China as their money exactly duplicates the rise and fall of the dollar as it is backed by the dollar. I have made no assertion of anything else in this thread.
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Having a cheaper dollar therefore doesn't affect our trade with China, Damo. But it would effect our trade with the EU. My statement wasn't primarily concerned with how it would effect our trading levels with China anywho, Damo, but how it would effect our general trading level.
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This chart shows that the US dollar has actually been falling even in comparison to the Renmibi for the past two year:
http://en.wikipedia.org/wiki/United_States_dollar#Historical_exchange_rates
I guess China is directly changing the rate their dollar is pegged to the US dollar then. The CHinese dollar had done as you had said before; it staid steady no matter what the dollar did with other countries.
Interestingly, the US dollar has actually become more expensive in comparison with the peso. But it's had an all out collapse with the Canadian dollar, and it used to be actually as expensive as the Euro. Not anymore.
That actually would've been a great investment. If I would've put all my money into Canadian dollars in 2000, I'd have a 50% return on investment by now.
As an intresting side note, my band actually had to cancel a trip to London because the dollar was collapsing so rapidly in comparison to sterling over the course of 2005.
http://en.wikipedia.org/wiki/United_States_dollar#Historical_exchange_rates
I guess China is directly changing the rate their dollar is pegged to the US dollar then. The CHinese dollar had done as you had said before; it staid steady no matter what the dollar did with other countries.
Interestingly, the US dollar has actually become more expensive in comparison with the peso. But it's had an all out collapse with the Canadian dollar, and it used to be actually as expensive as the Euro. Not anymore.
That actually would've been a great investment. If I would've put all my money into Canadian dollars in 2000, I'd have a 50% return on investment by now.
As an intresting side note, my band actually had to cancel a trip to London because the dollar was collapsing so rapidly in comparison to sterling over the course of 2005.
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Yes, you were wrong.
China started floating their currency more than 2 years ago.
China started floating their currency more than 2 years ago.
My statement had nothing to do with the premise of your post, only that it is inane to use China because of their unique hold with the dollar.
You seem to think I was attempting to discredit the point, I was not, I only suggested to make the example using a different nation who does not link the value of their money directly to the value of the dollar.
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While their currency used to be pegged to the US dollar, it was pegged to the US dollar at a rate that was about 40% cheaper than the US dollar. It was still a cheap currency, Damo.