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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:

USD

Discuss USD
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 16, 2010 20:39
Give me Germany and Merkel any day. Now there is a hardworking nation who in spite of all the burdens of merging the east managed to keep their house pretty well in order. That nation do not deserve a lot of grief.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 16, 2010 20:33
catnip's stance is beyond me. My gut feeling, very basic. USA is wrotten to the very core. Completely and utterly dishonest and they don't even know it. Yet they are a nation of high % of church goers. How hypocritical is that. The american dream has been responsible for all manner of ills and many ultimately get exported across the globe. We are all responsible for dishonesty but USA gets the prize. They can't even produce legitimate title deeds for mortgagors after all the implosion that took place ! I mean, that is totally incredible. It is common knowledge that China are USA's bankers. Therefor China hold the power. Dump bonds and USA are finished.

I have a simple mind but I wouldn't mind betting USA will receive its comeuppance in the fullness of time. Perhaps by trying to be a little too clever---- read too bent.
Yoni
Finland
Posted Anonymously
13 years ago
Dec 16, 2010 17:42
Where I said Fed has debt? You seem to even not read what others write. Fed is independent but Congress can abolish it.
"One day you will get it when a 100$ bill buys a two story home"
History is saying something else. After the FED was introduced, the green buck is losing purchasing power year after year. If you are really a mathematical economist as you say, then you will know this simple fact. This is last thing I am writing to you cause as I said I see no point in discussing these issues with you becaus you lack basic knowledge of these matters.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Dec 16, 2010 17:01
Yoni
FED has no debt. FED is not US treasury.
One day you will get it when a 100$ bill buys a two story home.
Yoni
Finland
Posted Anonymously
13 years ago
Dec 16, 2010 16:30
I have read lots of articles abt China and been there also. China has its own problems. But they have very large potential, while USA is lacking such.
Yoni
Finland
Posted Anonymously
13 years ago
Dec 16, 2010 16:27
Your example irrelevant. Dollar got strong because of EZone problems and search for safer heaven.
Fed is trying by all means to devalue dollar. Why else then they request China to allow Yuan to appreciate and US admins request Germany to balance its current account. See what is their aim? They have no choice but devalue USD because of their massive debt burden.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Dec 16, 2010 16:23
for trader, right or wrong is all about profit.

yoni, could you read some FT article about china before you talk?
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Dec 16, 2010 16:13
The FED does not try to devalue look at USDx AFTER QE2 was announced. Btw I am mathematical economist.
Yoni
Finland
Posted Anonymously
13 years ago
Dec 16, 2010 15:49
Catnip, I see no point in discussing these matters with you cause you are lacking basic economic knowledge.
I will just say something for you to ponder over. Why the Fed tries to devalue the dollar with these QE if as you say these actions only make the dollar strong. LOL
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Dec 16, 2010 15:33
yes yes
so what?
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