It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by jedimiller
I've lived in the US a long time and I've never had to exchange the dollar. So this is not affecting the regular people who live here in the states. it may affect the rich who travel overseas but I wouldn't worry to much about them..and it may affect the person who's into exchanging dollars to make a profit. but who cares about investors who are out to get rich. the point is, unless we travel to an expensive tourist area it doesn't matter.
Originally posted by jedimiller
You know what I really think? you guys wish the dollar was worth nothing! is that a way to get back at the united states? to throw it on our face? But hating on the dollar because it comes from america only shows you will do anything to destroy it. Ibet many europeans would cheer if the dollar was done. heck, they will probably have pinata parties and have monthly celebrations. I for one, depend only on coin dollars..and I use them all the time.
Originally posted by Freeborn
I understand from your post, which summarises a lot of what I have heard before just had not assimilated, that EU and UK are now better positioned to withstand any fall out from a decline in the US economy etc, but surely the subsequent domino effect will still affect us quite severely.
Up unitl recently I had quite a bit of faith in the strength of our economy, (for all Brown's faults as a leader he was an excellent Chancellor), now I am just not so sure.
Originally posted by Mdv2
There is a distinct possibility that Lehman Brothers will go down as well as they don't have a diversified business which is quite similar to that of Bear Stearns.
Originally posted by West Coast
Without the US existence, the world would be speaking Deutsch. Without the US, the North Koreans would have taken over the south Koreans. The soviets, the whole of Europe, then who knows where else... The middle east would arguably be a bigger wreck then it its today, taking over Israel and starting their own holocaust against the jews. The world would be a much more volatile place. History proves this, if it weren't for America. Be glad its americans, and not the soviets...or nazis..
Originally posted by Spectre0o0
i thin k they keep killing the combull to lure the last of the suckers into the market before they pull the plug.
Originally posted by cpdaman
moniker you know that no nation has ever paid off it's debt in full.
Originally posted by chromatico
You know the world will be de-populated and de-industrialized how?
Originally posted by moniker
Surely you mean "without the existence of the UK, France and Russia" as Germany would otherwise have won WW1.
Originally posted by OBE1
Bear Stearns unwinds Long Gold/Short Treasuries positions
It's here in this special weekend audio report from Korelin Economics.
The question on everybody's mind last week: 75bp rate-cut = Dollar-rally
I feel like I'm finally back in Kansas.
Is this the moment when America finally discovers the meaning of the Faustian pact it signed so blithely with Asian creditors? As the Wall Street Journal wrote this weekend, the entire country is facing a "margin call". The US has come to depend on $800bn inflows of cheap foreign capital each year to cover shopping bills. They may have to pay a much stiffer rent.
As of June 2007, foreigners owned $6,007bn of long-term US debt. (Equal to 66pc of the entire US federal debt). The biggest holdings by country are, in billions: Japan (901), China (870), UK (475), Luxembourg (424), Cayman Islands (422), Belgium (369), Ireland (176), Germany (155), Switzerland (140), Bermuda (133), Netherlands (123), Korea (118), Russia (109), Taiwan (107), Canada (106), Brazil (103).
Originally posted by thesaints2012
yes but if the US dollar loses its value, all the importers that bring in food have to pay more in dollars for those products from overseas and to make back their extra costs sell it for more at the till - directly affecting YOU.