Ahmadinejad calls dollar worthles piece of paper.

Discussion in 'Politics' started by Ps104_33, Nov 18, 2007.

  1. Ps104_33

    Ps104_33
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    Talk about the pot calling the kettle black. For one US dollar I can get 9,333 worthless Iranian rials. The dollar is currently having some issues but it will come back I have no doubt. That is the nature of our free market system. But this guy has got some nerve.

    http://biz.yahoo.com/ap/071118/opec.html
     
  2. mcdirector

    mcdirector
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  3. KenH

    KenH
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    This is one time when Mr. Ahmadinejad has it correct.

    The dollar has lost over 96% of its value since 1913 when the Federal Reserve was created.
     
  4. Ps104_33

    Ps104_33
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    Ken, You are the most pessimistic person I have ever met. Cheer up brother. God is in control. Sit down and try to think of five things you love about living in the United States.
     
  5. hillclimber1

    hillclimber1
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    That's asking too much.
     
  6. Magnetic Poles

    Magnetic Poles
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    I'll gladly take any worthless pieces of paper the Iranian regime wants to send me! :wavey:
     
  7. KenH

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    In real life I am very much an optimist. Don't read too much into posts on a bulletin board where I am just pointing out facts. For instance, even when things are looking bad for a team that I support I keep looking for things to turn around. I didn't realize that I was coming across as being so negative. Thank you for pointing this out.

    I'll try to reflect my natural optimism more in my posts when I return from having shoulder surgery. :)

    Okay. Here are five off of the top of my head:

    1. My wife.
    2. My dogs.
    3. The Bill of Rights.
    4. A republican form of government.
    5. Ron Paul.

    :)
     
    #7 KenH, Nov 18, 2007
    Last edited: Nov 18, 2007
  8. Ed Edwards

    Ed Edwards
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    If you had an Iranian rial for every word
    Ahmadinejad says -- you will still be broke :)
     
  9. billwald

    billwald
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    Your republican govt has nullified your bill of rights but your (probably European) dog will remain faithful.
     
  10. billwald

    billwald
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    Some say that Bush started his oil war because Sadam threatened to demand payment in euros.
     
  11. 2 Timothy2:1-4

    2 Timothy2:1-4
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    Who are these "some" when did they say it, how do they know, and where did you get your info?
     
  12. hillclimber1

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    I watch for that kind of thing, not real closely but I'd never heard that till recently. I trade currencies a little, and that piece of news could have been valuable at the time.
     
  13. billwald

    billwald
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    I get info before it hits the main stream press listening to Coast to Coast AM see www.coasttocoastam.com
     
  14. saturneptune

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    I work a midnight shift and catch bits and pieces of Coast to Coast every now and then. Sometimes they have really good info as you said. At other times, the UFO and ghost programs seems really off the wall.

    There is no doubt the dollar will rebound. This is the best country on earth to be a citizen, and that includes all of human history. Our prosperity, freedom, liberty, and rights are better than any other nation. One President cannot change that.
     
  15. betterthanideserve

    betterthanideserve
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    Ken you are right,they are worthless..........and we haven't seen anything yet I'm sorry to say.
     
  16. Palatka51

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    I was going to agree with Ps 104 until you posted here. I agree with you on a few issues Ken but you do need to be more up beat more often.
    It can be very tough when you are aware of the steady decline of American Civilization, the dollar is just the tip of the ice burg.
     
    #16 Palatka51, Nov 19, 2007
    Last edited by a moderator: Nov 19, 2007
  17. Aaron

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    You're right on on this one, Ken.

    The Federal Reserve Note is just that, a promisory note. It isn't money, it's a debt.
     
  18. Dagwood

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    You're right on this one Aaron!
     
  19. KenH

    KenH
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  20. KenH

    KenH
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    Opec to study effects of falling dollar

    By Ed Crooks and Javier Blas in Riyadh and Reuters
    Published: November 18 2007 19:38 | Last updated: November 19 2007 09:42

    Oil jumped more than $1 to above $95 a barrel after Opec said it would study further the effect of the falling US dollar on its economies following calls for it to price oil in currencies other than the greenback.

    The move, which emerged at the summit of cartel leaders in Riyadh, was an attempt to bridge the divide within the group over how to respond to the dollar’s decline. Iran and Venezuela had pushed for Opec to move away from the dollar in the face of strong opposition from the summit’s host, Saudi Arabia.

    US light crude for January delivery rose $1.21 to $95.05 by 0722 GMT.

    Mahmoud Ahmadi-Nejad, Iran’s president, said after the leaders’ meeting that the falling dollar meant oil producers were subsidising the US government and people.

    “They get our oil and give us a worthless piece of paper,” he said. “We all know that the US dollar has no economic value.”

    The dollar has dropped 16 per cent this year against a basket of major currencies, and 44 per cent against the euro since the last Opec summit in Caracas, Venezuela, in 2000. Iranian officials have said that the average price of a barrel of their oil so far this year is, at $63, only $2 higher than for the same period of 2006. Priced in euros, oil has been cheaper this year than last year.

    - rest at http://www.ft.com/cms/s/0/99951144-960c-11dc-b7ec-0000779fd2ac.html?nclick_check=1


    We can overcome these problems with the dollar. We just need for the Federal Reserve to successfully walk the tightrope between too loose and too tight of a growth in the money supply and for the federal government to get its fiscal house in order by balancing its budget and addressing the long-term issues of Medicare and Social Security.

    This can be accomplished. :thumbs:
     

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