OT: “Dollar About to take a Direct Hit”

[scaredyclassic]

haven’t the elderly been living a litlle high on the hog

[5yearwaiter]

[quote=partypup][quote=Arraya]http://www.youtube.com/watch?v=4tty9-owMWo&feature=player_embedded[/quote]

A devaluation or bankruptcy is most certainly coming. I posted a thread last year about the looming U.S. bankruptcy, and many rejected the possibility out of hand. Granted, the U.S. will likely choose to avoid that stigma and instead opt for severe devaluation. The effect is the same: we’re screwed. Anyone care to wager what the devaluation will be? I am guessing 50-75%.

Woe to those on fixed incomes…[/quote]

I believe in this and devaluation would be at the rate of 33% first then another round US will do the same with another 17%. I am puzzled what would be our house prices that time? Can any one take a guess? about house prices going to decline steeply or increase steeply? Frined of mine is arguing that time house prices would climb …..????? where as I am arguing due to prevalied high interest rates no one could able to afford and these prices would have to come ground with respect to those double digit interest rates. What scenario would be correct if devaluation occurs?.

[5yearwaiter]

[quote=partypup][quote=Arraya]http://www.youtube.com/watch?v=4tty9-owMWo&feature=player_embedded[/quote]

A devaluation or bankruptcy is most certainly coming. I posted a thread last year about the looming U.S. bankruptcy, and many rejected the possibility out of hand. Granted, the U.S. will likely choose to avoid that stigma and instead opt for severe devaluation. The effect is the same: we’re screwed. Anyone care to wager what the devaluation will be? I am guessing 50-75%.

Woe to those on fixed incomes…[/quote]

I believe in this and devaluation would be at the rate of 33% first then another round US will do the same with another 17%. I am puzzled what would be our house prices that time? Can any one take a guess? about house prices going to decline steeply or increase steeply? Frined of mine is arguing that time house prices would climb …..????? where as I am arguing due to prevalied high interest rates no one could able to afford and these prices would have to come ground with respect to those double digit interest rates. What scenario would be correct if devaluation occurs?.

[5yearwaiter]

[quote=partypup][quote=Arraya]http://www.youtube.com/watch?v=4tty9-owMWo&feature=player_embedded[/quote]

A devaluation or bankruptcy is most certainly coming. I posted a thread last year about the looming U.S. bankruptcy, and many rejected the possibility out of hand. Granted, the U.S. will likely choose to avoid that stigma and instead opt for severe devaluation. The effect is the same: we’re screwed. Anyone care to wager what the devaluation will be? I am guessing 50-75%.

Woe to those on fixed incomes…[/quote]

I believe in this and devaluation would be at the rate of 33% first then another round US will do the same with another 17%. I am puzzled what would be our house prices that time? Can any one take a guess? about house prices going to decline steeply or increase steeply? Frined of mine is arguing that time house prices would climb …..????? where as I am arguing due to prevalied high interest rates no one could able to afford and these prices would have to come ground with respect to those double digit interest rates. What scenario would be correct if devaluation occurs?.

[5yearwaiter]

[quote=partypup][quote=Arraya]http://www.youtube.com/watch?v=4tty9-owMWo&feature=player_embedded[/quote]

A devaluation or bankruptcy is most certainly coming. I posted a thread last year about the looming U.S. bankruptcy, and many rejected the possibility out of hand. Granted, the U.S. will likely choose to avoid that stigma and instead opt for severe devaluation. The effect is the same: we’re screwed. Anyone care to wager what the devaluation will be? I am guessing 50-75%.

Woe to those on fixed incomes…[/quote]

I believe in this and devaluation would be at the rate of 33% first then another round US will do the same with another 17%. I am puzzled what would be our house prices that time? Can any one take a guess? about house prices going to decline steeply or increase steeply? Frined of mine is arguing that time house prices would climb …..????? where as I am arguing due to prevalied high interest rates no one could able to afford and these prices would have to come ground with respect to those double digit interest rates. What scenario would be correct if devaluation occurs?.

[5yearwaiter]

[quote=partypup][quote=Arraya]http://www.youtube.com/watch?v=4tty9-owMWo&feature=player_embedded[/quote]

A devaluation or bankruptcy is most certainly coming. I posted a thread last year about the looming U.S. bankruptcy, and many rejected the possibility out of hand. Granted, the U.S. will likely choose to avoid that stigma and instead opt for severe devaluation. The effect is the same: we’re screwed. Anyone care to wager what the devaluation will be? I am guessing 50-75%.

Woe to those on fixed incomes…[/quote]

I believe in this and devaluation would be at the rate of 33% first then another round US will do the same with another 17%. I am puzzled what would be our house prices that time? Can any one take a guess? about house prices going to decline steeply or increase steeply? Frined of mine is arguing that time house prices would climb …..????? where as I am arguing due to prevalied high interest rates no one could able to afford and these prices would have to come ground with respect to those double digit interest rates. What scenario would be correct if devaluation occurs?.

[Eugene]

I rarely agree with Mish, but this time he’s spot on:

Ridiculous hype over secret oil meetings

Why would anyone want to hold dollars?

He did get one point backwards, though. He says “The US runs a trade deficit with China. That means China must accumulate US assets. China does not have a choice in the matter; it is purely a mathematical function. When the US runs a deficit, mathematically someone must run a surplus.” In reality, it’s the other way around. We can’t force our deficit on the world. The US runs a deficit BECAUSE other countries (China, Japan, Saudi Arabia) are willing to accumulate US assets. If they didn’t want to accumulate dollar-priced assets (such as treasuries), there’s a place where they can easily dump excess dollars, it’s called forex market … but that would strengthen RMB and Yen, and they don’t want that.

[Eugene]

I rarely agree with Mish, but this time he’s spot on:

Ridiculous hype over secret oil meetings

Why would anyone want to hold dollars?

He did get one point backwards, though. He says “The US runs a trade deficit with China. That means China must accumulate US assets. China does not have a choice in the matter; it is purely a mathematical function. When the US runs a deficit, mathematically someone must run a surplus.” In reality, it’s the other way around. We can’t force our deficit on the world. The US runs a deficit BECAUSE other countries (China, Japan, Saudi Arabia) are willing to accumulate US assets. If they didn’t want to accumulate dollar-priced assets (such as treasuries), there’s a place where they can easily dump excess dollars, it’s called forex market … but that would strengthen RMB and Yen, and they don’t want that.

[Eugene]

I rarely agree with Mish, but this time he’s spot on:

Ridiculous hype over secret oil meetings

Why would anyone want to hold dollars?

He did get one point backwards, though. He says “The US runs a trade deficit with China. That means China must accumulate US assets. China does not have a choice in the matter; it is purely a mathematical function. When the US runs a deficit, mathematically someone must run a surplus.” In reality, it’s the other way around. We can’t force our deficit on the world. The US runs a deficit BECAUSE other countries (China, Japan, Saudi Arabia) are willing to accumulate US assets. If they didn’t want to accumulate dollar-priced assets (such as treasuries), there’s a place where they can easily dump excess dollars, it’s called forex market … but that would strengthen RMB and Yen, and they don’t want that.

[Eugene]

I rarely agree with Mish, but this time he’s spot on:

Ridiculous hype over secret oil meetings

Why would anyone want to hold dollars?

He did get one point backwards, though. He says “The US runs a trade deficit with China. That means China must accumulate US assets. China does not have a choice in the matter; it is purely a mathematical function. When the US runs a deficit, mathematically someone must run a surplus.” In reality, it’s the other way around. We can’t force our deficit on the world. The US runs a deficit BECAUSE other countries (China, Japan, Saudi Arabia) are willing to accumulate US assets. If they didn’t want to accumulate dollar-priced assets (such as treasuries), there’s a place where they can easily dump excess dollars, it’s called forex market … but that would strengthen RMB and Yen, and they don’t want that.

[Eugene]

I rarely agree with Mish, but this time he’s spot on:

Ridiculous hype over secret oil meetings

Why would anyone want to hold dollars?

He did get one point backwards, though. He says “The US runs a trade deficit with China. That means China must accumulate US assets. China does not have a choice in the matter; it is purely a mathematical function. When the US runs a deficit, mathematically someone must run a surplus.” In reality, it’s the other way around. We can’t force our deficit on the world. The US runs a deficit BECAUSE other countries (China, Japan, Saudi Arabia) are willing to accumulate US assets. If they didn’t want to accumulate dollar-priced assets (such as treasuries), there’s a place where they can easily dump excess dollars, it’s called forex market … but that would strengthen RMB and Yen, and they don’t want that.

[patb]

[quote=Zeitgeist]Drill, drill, drill. The problem is our perceived weakness by the cabal. The environmentalists have severely damaged our ability to survive because we are dependent on Mid East oil. Time to use our own oil and cut the price of world oil. There are not enough windmills and solar panels (made in China) to make this happen. We need to take care of our own country and build it back again.[/quote]

convert chrysler factories to windmill farms and scrap all those SUVs
and replace them with chevy volts.

Conservatives have damaged our ability to have sensible energy policy.

[patb]

[quote=Zeitgeist]Drill, drill, drill. The problem is our perceived weakness by the cabal. The environmentalists have severely damaged our ability to survive because we are dependent on Mid East oil. Time to use our own oil and cut the price of world oil. There are not enough windmills and solar panels (made in China) to make this happen. We need to take care of our own country and build it back again.[/quote]

convert chrysler factories to windmill farms and scrap all those SUVs
and replace them with chevy volts.

Conservatives have damaged our ability to have sensible energy policy.

[patb]

[quote=Zeitgeist]Drill, drill, drill. The problem is our perceived weakness by the cabal. The environmentalists have severely damaged our ability to survive because we are dependent on Mid East oil. Time to use our own oil and cut the price of world oil. There are not enough windmills and solar panels (made in China) to make this happen. We need to take care of our own country and build it back again.[/quote]

convert chrysler factories to windmill farms and scrap all those SUVs
and replace them with chevy volts.

Conservatives have damaged our ability to have sensible energy policy.

[patb]

[quote=Zeitgeist]Drill, drill, drill. The problem is our perceived weakness by the cabal. The environmentalists have severely damaged our ability to survive because we are dependent on Mid East oil. Time to use our own oil and cut the price of world oil. There are not enough windmills and solar panels (made in China) to make this happen. We need to take care of our own country and build it back again.[/quote]

convert chrysler factories to windmill farms and scrap all those SUVs
and replace them with chevy volts.

Conservatives have damaged our ability to have sensible energy policy.

[Author]

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