The Gop is gonna steal the nov elections again

juggernaut · 2006-07-08, 09:32 AM

Bush did not kill the US $$. The EU is killing the US $$. That's the fact. There will be roughly 30 countries in the EU by 2007 and that's how many it takes to weeken the US dollar. Foreign investors over the last 5 years have pumped more money in with the EU then the US. Reason being the countries that have and are entering the EU over the next few years have great deals at bargin basement prices. Would you like to own a 10 floor apartment building in the center of a city for 200k, hold on to it till the country is in the EU and you now own a 2 million dollar apartment building. No governemt purposly kills it' own curency I think GW is smart enough to figure that out. It's world economys that kill them.

ecchi · 2006-07-08, 10:01 AM

Quote:

Originally Posted by juggernaut

Bush did not kill the US $$. The EU is killing the US $$. That's the fact.

Oh I so wish the EEC had that much power. But you are wrong. And it would be a stupid thing for the EU to do. The EU (and the Euro) was originally founded to help combat America's Economic dominance. The idea was for member countries to be able to sell more to America and other non-European countries. The weak has the OPPOSITE effect. It makes it hard to sell to the US because it means European goods are more expensive in the US (would you pay $10 for something made in Europe when you can buy an American version for $6?). It also makes it somewhat harder to sell to other countries, because they can buy the same thing from the US cheaper.

So no, I am afraid the EU is not responsible for the wear dollar, if they could change anything they would make it stronger.

ecchi · 2006-07-08, 10:09 AM

Quote:

Originally Posted by juggernaut

No governemt purposly kills it' own curency.

Every western country spends a lot of time and money 'killing' their own currency. Bush is just doing what everyone does. It is just that he has gone too far. The system is this:

Very strong Currency - Recession Today.
Slightly weak Currency - Economic Stability.
Very weak Currency - Economic Stability, but Recession in a few years time.

Bush should be aiming for the middle one, but he is aiming for the bottom one. It makes him look good today, and even better in the future when the shit hits someone else's fan.

2006-07-08, 09:32 AM	#1
juggernaut Registered User Join Date: Apr 2005 Location: Central Jersey! If I was rich and powerful I would dress as my avatar does. Posts: 1,448	Bush did not kill the US $$. The EU is killing the US $$. That's the fact. There will be roughly 30 countries in the EU by 2007 and that's how many it takes to weeken the US dollar. Foreign investors over the last 5 years have pumped more money in with the EU then the US. Reason being the countries that have and are entering the EU over the next few years have great deals at bargin basement prices. Would you like to own a 10 floor apartment building in the center of a city for 200k, hold on to it till the country is in the EU and you now own a 2 million dollar apartment building. No governemt purposly kills it' own curency I think GW is smart enough to figure that out. It's world economys that kill them.