close

Privacy guaranteed - Your email is not shared with anyone.

Dollar at record low

Discussion in 'Survival/Preparedness Forum' started by 88MPH, Jul 29, 2011.

  1. 88MPH

    88MPH RON PAUL 2012

    Joined:
    Jun 11, 2011
    Messages:
    388
    Likes Received:
    0
  2. wjv

    wjv Zip It Stan Lee.. . .

    Joined:
    Jan 17, 2002
    Messages:
    14,683
    Likes Received:
    2,810
    Location:
    Pacific NW
    >> The dollar on Friday hit a record low against the Swiss franc

    But the dollar index (DXY:IND) has been lower than it is today (2008 for example) It's at 73.9 today, but has been as low as 70.698 in 2008.
     

  3. racerford

    racerford

    Joined:
    Apr 22, 2003
    Messages:
    5,155
    Likes Received:
    700
    Location:
    DFW area
    It all depends on the reference. I can remember when it was $2.48 to the British Pound. We are significantly better than that.
     
  4. cowboy1964

    cowboy1964

    Joined:
    Sep 4, 2009
    Messages:
    22,165
    Likes Received:
    3,842
    Location:
    U.S.A.
    What boggles my mind is how the Yen has stayed so strong all these years. Their debt to GDP is over 200% and has been for years! That makes Greece look like a safe haven.

    And if I hear one more talking head equate next Tuesday with "default" I'm going to lose it.
     
    Last edited: Jul 29, 2011
  5. TangoFoxtrot

    TangoFoxtrot OIF 04-05

    Joined:
    Sep 10, 2008
    Messages:
    4,281
    Likes Received:
    87
    Location:
    Nowhereville, USA
    Not only is the US dollar low, but so is the american publics patience!
     
  6. rj1939

    rj1939

    Joined:
    Jul 18, 2008
    Messages:
    4,114
    Likes Received:
    2,161
    Location:
    Deep behind enemy lines in Obamistan
    It (the dollar) is only reaching its intrinsic value.
     
  7. pugman

    pugman

    Joined:
    May 16, 2003
    Messages:
    6,280
    Likes Received:
    493
    Location:
    Wisconsin
    No worries...it will hit a new low soon enough
     
  8. DoctaGlockta

    DoctaGlockta

    Joined:
    Jun 16, 2009
    Messages:
    2,110
    Likes Received:
    0
    Location:
    FEMA Region IV
  9. inzone

    inzone

    Joined:
    Aug 20, 2009
    Messages:
    529
    Likes Received:
    0
    just wait until all the chickens come home to roost.....the chickens of quantitative easing (creating billions of dollars out of thin air)and unfunded entitlements and contingent liabilities combined with all the petro-dollars sitting out there and the treasury debt in the sovereign funds....and then add in the catastrophic effect of soaring interest rates on servicing all that debt.....

    seriously...it is the beginning of the end..imho.....maybe after the crash we can rebuild.....after all...eventually (emphasis on eventually) Germany did rebuild after the Weimar republic collapsed and Hitler destroyed Germany..... and hey...look on the brigh side, Germany is now reunited as a single country again!......so , no worries, it always eventually works out!........ :brickwall:
     
  10. racerford

    racerford

    Joined:
    Apr 22, 2003
    Messages:
    5,155
    Likes Received:
    700
    Location:
    DFW area
    Germany did not rebuild on its own. Has no one heard of the Marshall Plan?
     
  11. TangoFoxtrot

    TangoFoxtrot OIF 04-05

    Joined:
    Sep 10, 2008
    Messages:
    4,281
    Likes Received:
    87
    Location:
    Nowhereville, USA
    Well no one us going to come and help us rebuild.
     
  12. racerford

    racerford

    Joined:
    Apr 22, 2003
    Messages:
    5,155
    Likes Received:
    700
    Location:
    DFW area
    True. I don't think anybody is really in a position to help us.

    The thing that is most likely to help us is devaluation of the dollar. It would boost production and reduce imports. It may even stem the tide of offshoring technology jobs and even reverse it. Without the artificially under-valued Yuan, China would not have the growth it is having. We and other countries are helping them build their production infrastructure that they will need to support their own economy once the bulk their own people can afford to consume and live on more than a subsistance level.
     
    Last edited: Aug 1, 2011
  13. Lone Kimono

    Lone Kimono

    Joined:
    Jul 15, 2009
    Messages:
    881
    Likes Received:
    1
    If our credit rating lowers how will that effect our buying power here in the US? Will inflation go through the roof? Is it time to make those purchases I've been holding off on?
     
  14. G29Reload

    G29Reload Tread Lightly

    Joined:
    Sep 28, 2009
    Messages:
    13,286
    Likes Received:
    366