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Anyone else watch the currency list?

Discussion in 'Money Talk$' started by billwald, Jan 16, 2010.

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  1. billwald

    billwald New Member

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    The US dollar lost over 5% against the Canadian dollar and euro on Friday?
    Boggles the mind.

    The right wingers think that the government will call a bank holiday and devalue the US dollar as happened during the big depression. No need of doing that because the dollar has been floating for 40 years and will automatically devalue itself.

    The money traders are not as stupid as our politicians. Or maybe our owners were much smarter 40 years ago to take the dollar out of the hands of the politicians and give it to their international banks.

    Point is, looks like one can't go wrong in the long run shorting the dollar.
    Problem is, "In the long run we are all dead," Sir Maynard Keynes. The grandkids will have a much tougher row to hoe.
     
    #1 billwald, Jan 16, 2010
  2. Crabtownboy

    Crabtownboy Well-Known Member
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    The dollar has been sliding downhill for years. This is a primary reason some are beginning to think the Euro should replace the dollar in international trading. Ten or twelve years ago a person got 40 Czech Krowns for 1 US dollar. The exchange rate now is around 18 to one. One effect is this makes our debt to other countries cheaper for us but more expensive to them as they are getting less and less per dollar. Someday they may decide to throw in their hand and demand full payment quickly and/or stop loaning to us. This will prove disastrous to us.
     
    #2 Crabtownboy, Jan 16, 2010
  3. billwald

    billwald New Member

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    Agree!

    Do you think the stock market might be rising because the value of the dollar is falling? It can't be because the majority of American companies are turning a fat profit.

    If the stock market increases pace the fall of the dollar then foreign investors will break even?????
     
    #3 billwald, Jan 16, 2010
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