The US dollar is DONE!

reply to post by scrapple


I was alive when Carter was president. Inflation was in the double digits and there was a fake oil crisis that really sucked! Could not even get gasoline and when it was available you had to wait in line for hours. The only thing we had going for us then was are trade policies were better.

reply to post by SailorinAZ


Hey SailorinAZ, like the name, kinda like Astronaut on the earth's core.

Anyway, I wasn't alive during Carter, but I remember when our gasline here broke and that SUCKED. The funny thing was, people were screaming about price gouging at 2 dollars a gallon....

Originally posted by SailorinAZ
reply to post by scrapple

 

I was alive when Carter was president. Inflation was in the double digits and there was a fake oil crisis that really sucked! Could not even get gasoline and when it was available you had to wait in line for hours. The only thing we had going for us then was are trade policies were better.

Volcker 20% interest rates were inpart related to the previous years Nixon/Ford of deflated interest rates, and the deferred tax burden of the Vietnam war. How's that sound any different from todays economic circumbstances in the USA?

70's trade policies may have been more protectionary, but the then US's obsession with cheap overproduced Japanese Stuff was similar to today's outsourcing and buy-back on credit to China.

Bottom line, if you didnt like the Carter years, then you surely are not going to like the (-fill in blank with any current sucker Pres. candidate-) years to come. History welcomes us back I think.


[edit on 19-3-2008 by scrapple]

[edit on 19-3-2008 by scrapple]

Originally posted by SailorinAZ
reply to post by scrapple

 

I was alive when Carter was president. Inflation was in the double digits and there was a fake oil crisis that really sucked! Could not even get gasoline and when it was available you had to wait in line for hours. The only thing we had going for us then was are trade policies were better.

So wait a minute, let me get this straight. The country went through that and, GASP!, it was still left standing, and actually prospered???? Say it aint so? One would think that after something like that the country would have just folded and closed up shop.

Just for the heck of it, I decided to get a chart of USD vs CAD dollar values.

Why USD/CAD? Because the better the US Dollar does against the Canadian Dollar, the better it is for both countries. (Us being a consumer, Canada being a provider. etc...)

I placed the terms of the US presidents on the chart aswell, and for humor sakes, indicated the point at which the Iraq war began.


Woops, image gets cut off, click on it to see the whole thing.

President names are listed in the span of their terms.
Republicans are highlighted in red, democrats in blue.


Through this method, I found that during the Regan Administration, the economy of North America was fluctuated somewhat, but in the end, wound up overall pretty steady as a whole.

During Bush seniors administration, he actually managed to turn the fluctuation of the dollar into an upward trend.

During Clintons administration, the dollar just kept skyrocketing.

Enter Bush Junior, and it didn't take long before he sent the dollar heading back down.
As I said, for humor sakes, I pointed out when the Iraq War started, perfectly lining up with the drastic decline of the dollar.


I wasn't able to make many direct conclusions, but I thought you guys might like to have this chart for further discussions.

[edit on 19-3-2008 by johnsky]

reply to post by PokeyJoe


Don't get all ahead of yourself there, lol. We are only a few steps away from being a third or even fourth world country after all.

I'm practicing my puppy dog eyes, think the Christian Childrens Fund will throw me on a commercial? For just 1 euro a day, you can help a 30 year old man who desperately needs your help....

reply to post by johnsky


Wow, good chart. Thanks. Bush sucks SO bad, lol. Hopefully, when the next Clinton takes office, it'll shoot back up, lol. If McCain wins, they'll need a lower chart....

Originally posted by johnsky
Just for the heck of it, I decided to get a chart of USD vs CAD dollar values.

Why USD/CAD? Because the better the US Dollar does against the Canadian Dollar, the better it is for both countries. (Us being a consumer, Canada being a provider. etc...)

I placed the terms of the US presidents on the chart aswell, and for humor sakes, indicated the point at which the Iraq war began.


Woops, image gets cut off, click on it to see the whole thing.

President names are listed in the span of their terms.
Republicans are highlighted in red, democrats in blue.


Through this method, I found that during the Regan Administration, the economy of North America was fluctuated somewhat, but in the end, wound up overall pretty steady as a whole.

During Bush seniors administration, he actually managed to turn the fluctuation of the dollar into an upward trend.

During Clintons administration, the dollar just kept skyrocketing.

Enter Bush Junior, and it didn't take long before he sent the dollar heading back down.
As I said, for humor sakes, I pointed out when the Iraq War started, perfectly lining up with the drastic decline of the dollar.


I wasn't able to make many direct conclusions, but I thought you guys might like to have this chart for further discussions.

[edit on 19-3-2008 by johnsky]

That is awesome, great post

"You sold out your middle class for cheap labour in China and moved what remained into the service industry - then while chasing more profits (greedy bastards) - outsourced this service industry to India."

Audas, this is right on the money (lol, sorry for the pun).

You don't want another Clinton in office, we bent over for China enough with the first round! At least this administration penalizes Chinese companies selling Nuclear materials to nations willing to sell them to those groups who want to use them against the US.

While you thought the economy was good with Bill Clintion, it was only about a 1.5% increase over other adminstrations. With that 1.5% and to make himself look good (dam Narcissitic bast*rd), the following things were done:

- Reducing the US mlitary to 50% (closing strategic bases) and more

- Transfer of sensitive satellite technology to China, including missle guidance chips, encryption technologies, advanced fiber optics, jamming systems, and more

(On the account above, after Bill left office, 123 counts of illegal technology transfers by the Clintion administration were filed by the State Department. This alone was through Laural and Hughs Space corp out of New York who gave large donations to the Clinton campeigns.)

- Giving China Global Crossings Inc. (the company that does under water cabling for cross-country communications. This was supplied to China as the lowest bidder and should have not been sold to China due to US National security implications.

- Giving up the last US controlled port of the Panama Canal to China. Now China can transfer whatever they want, including Nukes to Cuba, without our inspection. Our ships are now inspected by Chinese.

- Giving North Korea 5 billion$ to build Nuclear plants for electricity power generation (of course)

The list goes on and on, China was a third world economy in 1992. By 2000, it was rolling to become a super power. Over that eight year span during the Clinton admin, they pretty-much got everything they needed to get this huge running start.

If anyu of u think the dollar has ever been worth anything try looking up fiat currency then reply to this. The money has never meant anything! The only real money is Gold and silver. The only paper that you could take to the bank and get gold or silver for have either red or blue writing on them and their not called notes, they are certificates! Try taking a dollor that says note on it to the bank and asking for a dollars worth of gold or silver. Study Moorish science to find out more.

Originally posted by audas
What can you say - ignorant to the point of almost being well - American.

This is your subconscious speaking...Ad Hominem personal attacks are a sign of weakness...

Here is a tip, America is the ONLY western country without universal health care.

Which is socialism at its finest. We dont need universal healthcare, it doesnt work... At current pace, if the EU does not radically reform its ailing wellfare state that it has created, it to will go bankrupt, it is just not sustainable.

These kinds of posts are just laughable.

Hmmm. Considering I provided source confirmation for my post, while you didnt, seems that I have all the crediability in the world, whilst you dont. Do feel free to argue my sources by providing your own...

reply to post by Attari


The USA is facing a crash unlike any seen since the Great Depression.
The whole system is going to shut down, and we will become a nation non gratus. What will emerge will be a NEW UNION of Mexico, the USA, and Canada. We will become the North American Union, or the NAU. Next, the "Amero" will be released as the new currency. ( I have read it is being made now. ) Also, A national ID card is coming down the pipe. "Show Your papers!" Fascism is here. The Rothschilds will rule after all.
I am sorry to tell you this, but life as you know it, is about too end. Hard, harsh times are coming. If you haven't started to prepare for the coming economic crapstorm, you haven't got much time left folks. 2008-2009-10 are going to be one hell of a ride...
AS peak oil drives higher prices, and then the economy flounders, it will only be a backslide from there on. Gasoline is expected to hit over 4 bucks a gal. this summer. It is projected to hit 5.50 by next summer. It will never go down. Better get rid of that gas guzzler, because you will be fined if you continue to drive it. It is called a Tarif! This is also why there is so much chatter about; Not IF we invade Iran, but WHEN! I think it would be a huge mistake if we did.
This information is everywhere on the net if you key in " Economic Crash Survival". The greed ridden self indulgent life style of Americans is coming to an end. Get used to the idea. No one will be exempt.
Harsh to hear, but some body has to tell you...
As far as I am concerned, I welcome this long over due comeupance...it should have happened long ago...
Right now, many European nations are dumping the dollar as their base currency, and shifting to the Euro. They see the hand writting on the wall, and so should you!
The Dollar to Yen rate is less than a 100 Yen to the Dollar. Which means the dollar is basically worthless. Our currency is toilet paper.
My how the worm has turned!

Well said and this seems to be the trek. You should probably pull your money from the bank, will take forever to get from the Government through FDIC (if at all), should the bank close (and likely several will).

I don't know how the idiots in the Government couldn't see this stuff coming .. was getting obvious around 2000, just after Clinton pulled out. Bush didn't do much to overhaul all the mistakes, too busy going after Oil security in Iraq.

The future canidates for Presidency look pretty bleak. Two of them who are Utopia-minded gulliable and the other one thinks he is Luke Skywalker. Give me a break man.

If we do get state-run medical, we'll be servicing alot of Mexico's poor, the quality of medicines and the type of care you get will go down the shytter.

The NWO crap is rediculous, would never work. It would suppress creativity and advancement through competition, just like Marxism.

I guess we'll still have ChinaMart and World of Warcraft, so can't complain too much. We'll all just of have to be good little children of the NWO government.

reply to post by weedwhacker


ahhhhh for once weedwhacker i can lend you advice. i mean that sincerely,because you are usually well informed. read a book called "THE CREATURE FROM JEKYLL ISLAND" it will explain it all for you the only way for the wealthy/powerful people to get more are planned recessions/depressions. they know when to sell high and buy back low. they create the situations that cause these circumstances, and do they ever make money on it. currently the fed is drawing out every sucker they can find to invest in the stock market. when they feel there is enough money out in credit and margins,they sell their stocks and call for payment on the loans. this way ,they keep whats already been paid to them and reposess everything that has been mortgaged. read about the crash of '29. the fed was started in 1913 and it only took them 16 years to eat this country alive! head for the gold store my friend. its the only thing in this world that never been worthless.

GRRR I will explain this one more time this is not the end of the dollar and it is deffinetly not a depression. You all are getting excited about nothing don't beleive the hype on CNN and MSNBC and the BBC or whatever you watch in Europe. I will explain this as simple as I can in a economy there is a natural siscal cycle meaning that what goes up must go down. And if your one of these Europeans that are on here saying how bad the mortgage crisis is let me explain this too you a mortgage is a bond a bond that we sold to European investors (France has the most of these bonds). So if all these mortgages fail you hold the bag not us you will have a real worthless peice of paper. We did not become the strongest, greatest, most powerful nation by luck we are the most scandalous shove you under the bus nation that ever existed.

Wow you people are nutty I stated this before think about why would our Goverment want other countries to become richer with a stronger currency? If you have half a brain it will come to you.

Originally posted by ohioguy646
Wow you people are nutty I stated this before think about why would our Goverment want other countries to become richer with a stronger currency? If you have half a brain it will come to you.

Oh shoosh you! Dont you know that the sky is supposed to be falling?

Your better off not to rain in on their "little parade." Reality will hit them...eventually, and it will be a nasty hangover, but they will be back at it sooner or later, again...

[edit on 20-3-2008 by West Coast]

Keep it civil in here please...

Ahem! Someone posted a reply, few pages back, that mentioned a Country's currency is as strong as its Economy.

Perhaps I was asleep in History class. but could someone tell me (us?) why the German Mark was virtually worthless post WWI? Leading to rampant inflation (or is it deflation?!?) and helping to foment the unrest that eventually allowed a diseased person like Hitler to gain political power???

Alright...German Industry was clamped down on, post WWI...there were huge machinations going on, behind the scene...remember the 'League of Nations'?

Are there any historical scholars here to help us understand the economics of 1920's Europe, in the aftermath of the 'Great War' --- and to try to use that perspective to equate to what's happening today?

Thanks.