OT: “Dollar About to take a Direct Hit”

[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=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?.[/quote]

or interest rates rise.

[patb]

[quote=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?.[/quote]

or interest rates rise.

[patb]

[quote=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?.[/quote]

or interest rates rise.

[patb]

[quote=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?.[/quote]

or interest rates rise.

[patb]

[quote=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?.[/quote]

or interest rates rise.

[scaredyclassic]

whatever result screws me is the one most likely to occur. but seriously, does dollar devaluation send house prices up or down?

[scaredyclassic]

whatever result screws me is the one most likely to occur. but seriously, does dollar devaluation send house prices up or down?

[scaredyclassic]

whatever result screws me is the one most likely to occur. but seriously, does dollar devaluation send house prices up or down?

[scaredyclassic]

whatever result screws me is the one most likely to occur. but seriously, does dollar devaluation send house prices up or down?

[scaredyclassic]

whatever result screws me is the one most likely to occur. but seriously, does dollar devaluation send house prices up or down?

[briansd1]

[quote=Eugene]

A question.

If we switch from imperial to metric system, does that change values of the foot and the pound with respect to the meter and the kilogram? Does that immediately result in a “direct hit” that leads to a severe devaluation of the foot?

What makes the dollar different?[/quote]

I would love a switch to the metric system. English is just plain stupid.

[briansd1]

[quote=Eugene]

A question.

If we switch from imperial to metric system, does that change values of the foot and the pound with respect to the meter and the kilogram? Does that immediately result in a “direct hit” that leads to a severe devaluation of the foot?

What makes the dollar different?[/quote]

I would love a switch to the metric system. English is just plain stupid.

[briansd1]

[quote=Eugene]

A question.

If we switch from imperial to metric system, does that change values of the foot and the pound with respect to the meter and the kilogram? Does that immediately result in a “direct hit” that leads to a severe devaluation of the foot?

What makes the dollar different?[/quote]

I would love a switch to the metric system. English is just plain stupid.

[briansd1]

[quote=Eugene]

A question.

If we switch from imperial to metric system, does that change values of the foot and the pound with respect to the meter and the kilogram? Does that immediately result in a “direct hit” that leads to a severe devaluation of the foot?

What makes the dollar different?[/quote]

I would love a switch to the metric system. English is just plain stupid.

[Author]

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