US Dollar Heading For Toilet

Originally Posted by goldorak

Capitalism cannot work as intended as far as you have multinational corporations. These are the actors that are deforming what capitalism is all about. No enemy of the free market is greater than a corporation.
Its just a basic truth that you don't see expressed often in the media.

Your one paragraph speaks volumes of truth.

It always irks me to read "US Corporations", because they aren't US Corporations at all. They are International Corporations with no loyalty to anything but money, control, and power. They exploit USA as much as any other land, if not more so.

They need to be brought back under the control of their respective nations.

[AVGWarhawk]

Originally Posted by goldorak

Frankly I don't have the answer. What I do know is that a large part of this mess is due to western countries. The whole globalization process starting in the late eighties, early ninties was pushed by the west. So as to give corportations the ability to increase their profits. And our societies be damned. There is always a price to pay AVGWarhawk, and if we have the fortune on not paying it now our children and their children we have to bear this cost. What this cost will be I cannot say. War ? Collapse of our democratic societies ? A new world order ? Who knows.
I just hope I will not be alive to witness the downfall.

There really is no answer with exception of each respective nation taking control as Snestorm suggested. But again, it is the lollipop in the baby's mouth. The baby has it a long time and you know the crying will commence when the lollipop is pulled. Perhaps a true global economy needs to be just that...global. Same currency through out. What has the Euro done for Europe if anything at all? I'm interested.

[AVGWarhawk]

We are too many people on the world.

Certainly, in some parts of the world. To me, overpopulation will be our demise. The earth can warm all she likes. But that is a whole other thread as we know.

[Fish]

The day the dollar fell:

http://www.qbn.com/topics/543852/

[mookiemookie]

I read this in one of the research reports I get here at work. Kinda dense, but it's hard to fault the logic:

The idea that a surge in the supply of dollars inevitably means a sharp fall in their value is intuitively appealing. However, this assumes that the increase in supply is widespread and that it is not offset by an increase in demand. Neither can be taken for granted. The Fed’s actions have led to an explosion in the monetary base, that is cash in circulation plus commercial banks’ reserves held at the Fed. But the broad money and credit aggregates have stagnated – in essence, the additional liquidity has been held within the banking system. This was also the experience in Japan during the operation of quantitative easing (QE) between 2001 and 2006. The yen initially weakened, helped by direct intervention by the BoJ, but over the period as a whole it is hard to see any discernible impact from QE.

...

Of course, this could all change if the Fed kept its ultra-loose monetary policy in place for too long. This presumably is the mistake that dollar bears and gold bulls fear. But the Fed does have the tools (reverse repos and paying interest on reserves) to withdraw this stimulus quickly if necessary, even though we do not expect this to happen anytime soon. The bigger picture is that, with so much spare capacity left by the recession, the risks of runaway inflation and a dollar collapse are still very low.

[Schroeder]

Don't forget that inflations can be used to get rid of debts. This is especially interesting since the entire western world is making debts left and right which it can never pay back (at least I haven't seen our debts being reduced by just one lousy Euro in all my life).
A nasty inflation would mean that all the debts can be paid back since the amount of money isn't worth anything anymore but at the price of all citizens loosing their money as well (or at least the value of their money). Maybe this would be the only way to "reset" the system and since I don't really see any attempts by our politicians to get rid of our debts in any other way this scenario becomes more and more likely the more debts we make and the more unlikely it becomes that we will ever be able to pay them back.

[nikimcbee]

I thought this story was going to be about the 30 million dollars (stimulus) for a handful or Oregon highway rest stops, to make them carbon neutral.

Nevermind the fact, there's no money for police or jails, but we got lotsa money for eco-toilets.

Just imagine walking into a supermarket with a shopping-cart full of money, and walking out with a loaf of bread. That's the problem with devalued money.

[FIREWALL]

I converted all my dollars into CASHews.