The American Dollar

Discussion in 'General Conversation' started by Boomer, Jul 10, 2008.

  1. Boomer

    Boomer New Member

    Messages:
    1,037
    State:
    Oklahoma
    Where do you see the value of the American dollar in 10 years? Our dollar keeps weakening, why?

    Here is my thought. We get Canada, Mexico, and all the little islands, and make us a new coinage.......we could call it the Americo's. Seemed to work for the Europeans........
     
  2. derbycitycatman

    derbycitycatman Well-Known Member

    Messages:
    5,299
    State:
    Kentucky
    Name:
    your first name
    We may be lucky to still have the dollar.:angry:
     

  3. brother hilljack

    brother hilljack New Member

    Messages:
    7,305
    State:
    Shelbyville, TN
    Have a little faith brothers, this cycle we are currently in is not at all uncommon and every time Amercia pulls out of it ahead. I say to you: Take advantage of the current situation and make some good investiments in your future (ie. IRA) and then sit back and enjoy when this all turns around. AND IT WILL
     
  4. 223reload

    223reload New Member

    Messages:
    10,798
    State:
    Oklahoma
    Shane,I'm glad somebody has faith,I lost mine about the time crude prices got over 50.00. I'd like to add that in small town america ,scraping out a living is also becoming a thing of the past. If a person wants to make a decent wage they have to move to the rat race city's ,I refuse to live among that type of folks,I'm gonna hang on an hang out till I die .I know I'm just pissed about the economy .But I am quickly loosing FAITH in the AMERICAN SYSTEM.
     
  5. brother hilljack

    brother hilljack New Member

    Messages:
    7,305
    State:
    Shelbyville, TN
    Minus me, my entire family work in factories so I am in touch with your situation. BUT, I do think it is possible to scrape a living out of smalltown America, but you just can't do it the traditional ways. There are many opportunities in all locations and you just have to seek them out. I am from small town ohio and I will be back in small town ohio soon. I will survive rather comfortably because I have set the conditions for success.

    My brothers/sisters all work factories and I see them struggling. I am not blind to the situation, but if you look around there are opportunities, you just have to get out of the comfort zone. Not everything will work out.
     
  6. BIG GEORGE

    BIG GEORGE New Member

    Messages:
    10,362
    State:
    JOISY


    HEY! I'm a meat and taters kinda guy and I live and work rite accross the river from the "CITY" Philly to be exact. Ya gotta give us some credit. Its the cards I drew and I ain't foldin. We have dirt and trees critters and varmints. Of course some of the varmints got two legs.:cool2:
     
  7. CountryHart

    CountryHart New Member

    Messages:
    10,914
    State:
    missouri
    Due to high fuel cost and the slow down of construction, the economy here has gone to hell in a hand basket.:angry: Something is gonna have to give or I, like my father can say i lived thru a depression.
     
  8. Katmandeux

    Katmandeux New Member

    Messages:
    1,618
    State:
    Checotah, Oklahoma
    I heard this on TV the other night...this is the first war we have ever fought without raising taxes to pay for it. This time, taxes were lowered, and the war is being funded by money borrowed from foreign investors. China was mentioned as being a major player.

    No matter how you may feel about the war, this has got to make you uncomfortable.
     
  9. wylie catter

    wylie catter Member

    Messages:
    675
    State:
    South Carolina
    The dollar will bounce back. This is not an uncommon business cycle. It's hurting a lot of people, but it will bring a lot of business back to the US that went overseas.

    All of a sudden it's cheaper to make products locally simply because of the devaluation of the dollar. I've already seen this happening in my line of work.

    Manufacturing used to be the back bone of America. But we priced ourselves out of business.

    It's a global economy.:wink:
     
  10. Boomer

    Boomer New Member

    Messages:
    1,037
    State:
    Oklahoma
    It may be a global economy, but I think we need to get back to the basics. Let me explain. Lets take the good old Levi's. My question for you is would you rather wear a good pair of 501's or a Chinese knock off? I see them over hear all the time. When Russia came apart, I knew some guys who went there and had purchased Levis to be used as money. A 20 dollar pair of jeans got you the equivalent of 200 dollars. Why? The Russians had heard about them but were unable to purchase them. Supply and demand, is the word here.

    Ok so the rest of the world has oil, we have a shit load of food, let do some swapping, a few bushels of wheat for some oil. What I am saying is lets do like OPEC, have a few shortages, let them feel the burden of what we are going thru over here. Every time we have floods let have a shortages, lets make oil futures look like kids play, give them something else to play with. Supply and demand is what OPEC rules by, if demand is up, so is prices, they increase out put, supply and prices down decrease. Nothing new, we need to join in the game, and bring the strenght of the dollar back up.
     
  11. wylie catter

    wylie catter Member

    Messages:
    675
    State:
    South Carolina
    Yep your right. Supply and Demand rules everything.
     
  12. uttatoo

    uttatoo New Member

    Messages:
    1,797
    State:
    greatbend kansas
    i agree with ya dont sell them beef or wheat and even hold our corn so that they will learn to trade:cool2:
     
  13. brother hilljack

    brother hilljack New Member

    Messages:
    7,305
    State:
    Shelbyville, TN
    Thank you very much for this post. It is very important for us to understand that the economy is a cycle that goes up and down. Fortuneatly for us in America it goes mostly up. We are just experiencing one of those spells that hurt a little. The benefit???? It keeps us all honest and reminds us of the "Value" of the dollar and perhaps this viciuos turn towards real estate speculation will go away, therefore strengthening the economy with solid investors/investments.
     
  14. Baitkiller

    Baitkiller New Member

    Messages:
    1,029
    State:
    Akron, Ohio
    IF we get a socialist Marxists president and the congress stays the same or worse it don't look good!!!!!!!

    Keep in mind my people escaped eastern Europe to get away from these people!!!!!!!!!!!!!!!!!!
    :angry::angry::angry:

    The value of our dollar is one more reason why the price of fuel is where it is also.

    :dribble:
     
  15. metalman

    metalman Well-Known Member

    Messages:
    3,457
    State:
    IN
    Name:
    Winston
    Boomer,
    Don't you mean the U.S. Peso or the American Yuan? :confused2::confused2::confused2:...W
     
  16. Katmandeux

    Katmandeux New Member

    Messages:
    1,618
    State:
    Checotah, Oklahoma
    I agree. Thank God we've got the administration we do...things could really be bad.
     
  17. Boomer

    Boomer New Member

    Messages:
    1,037
    State:
    Oklahoma
    Hey either one will work, they do pretty good with the Euro, I am up for anything right now....
     
  18. ozzy

    ozzy New Member

    Messages:
    3,936
    State:
    Lost Wages
    Alright Im thowing a wrench in the post here. How does a person make 100 million a year throwing a ball into a loop on a pole and the leader of the free world make like 400,000.00 a year or something like that? Sum Ting Wong with that equazion....
     
  19. brother hilljack

    brother hilljack New Member

    Messages:
    7,305
    State:
    Shelbyville, TN
    That is very simple, Americans (in general) haved placed their priorities in the wrong places. Why do they get paid so much......................because we let them. As long as people are willing to pay 40 dollars or more for a ticket to go watch a bunch of people give a Half A$$ effort in a sports arena, nothing is going to change in that arena!
     
  20. Boomer

    Boomer New Member

    Messages:
    1,037
    State:
    Oklahoma

    You know I have wondered the same thing, then I started digging. First off, I do not watch professional sports. When you add dollar equations into the picture, it changes sports. Give me the college guys who are are trying to make it through school, and the scholarships in the sport they play makes that happen, it is more exciting to watch.

    The president may make only 400,000$ a year while he is in but rakes in the big bucks after he is out. Speaking engagements, ect. I think president Clint made close to 100 million last year, not sure of the exact figure. Personally I think he needs to return the furniture back to the White House now that he is on his feet.