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Weak US dollar in Poland and other countries...


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posts: 193
 
szarlotka
  Nov 7, 07, 11:32  #61

Quoting: Mika
None of you so far has mentioned that the main reason the US dollar is falling is the mortgage crisis in USA.


I did - and it is not restricted to the US. Many of the lenders with no brains are global players.


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hello
  Nov 7, 07, 11:32  #62

Quoting: Grzegorz_
You are way too optimistic. Dollar used to be too strong and that was bad for export but now It is too weak and still falling. US has still very large trade deficit and you can't change that in short time, in some cases (like oil) you can't change that at all.

The bottom line is the most Americans don't care either. They could buy a hamburger for $1 10 years ago and they can buy it today for $1. They can buy a BMW for $30K while the same BMW costs $50K in Europe. Most of them realize the US dollar is weak when they go abroad only.. If anything, the weak US dollar may first have negative impact abroad. About the oil, the US spent billions of dollars to get to the biggest reservoir of oil in the world (Iraq), so their interests are covered. Another thing is if it was ethical or not.

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Lukasz
  Nov 7, 07, 11:33  #63

Quoting: Mika
you sell when it is high and buy when it is low


in some way true, but it is better to wait untill we will have new trend and some reasons to buy dollar ...


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Lukasz
Edited by: Lukasz  Nov 7, 07, 11:38  #64

Quoting: hello
About the oil, the US spent billions of dollars to get to the biggest reservoir of oil in the world (Iraq), so their interests are covered. Another thing is if it was ethical or not.


at least we started talking about reality


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Grzegorz_
  Nov 7, 07, 11:38  #65

Quoting: hello
The bottom line is the most Americans don't care either. They could buy a hamburger for $1 10 years ago and they can buy it today for $1.


Hello, I'm sorry to say that but you are wrong. Economy isn't run on hamburgers. America needs huge import and It's getting more expensive as dollar is getting weaker. Besides America used to bring the most skilled people from the whole world, It won't be possible anymore.


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Lukasz
Edited by: Lukasz  Nov 7, 07, 11:44  #66

USA needs money for war in Iraq so sells bonds, but in the same moment they have mortgage crisis ... they decided to lower rates, so mortgage crisis is in their opinion more dangerous ... but who is going to buy bonds ? they have low rates and $ is weaker and weaker ... we will see


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hello
  Nov 7, 07, 11:52  #67

Quoting: Grzegorz_
Economy isn't run on hamburgers.

I totally agree. Now tell me who holds 50% or more of the global Internet technologies and revenue? It will grow much more in the next years.

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z_darius
  Nov 7, 07, 11:54  #68

Quoting: Grzegorz_
Economy isn't run on hamburgers.

Actually it is. In the US.
I'd have to think hard to think what else they manufacture here.

Now the US found itself in a position to be threatened by China's embargo on underwear exports to the US anytime the Chinese decide to show that the emperor has no clothes.


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Lukasz
Edited by: Lukasz  Nov 7, 07, 11:55  #69

Quoting: hello
I totally agree. Now tell me who holds 50% or more of the global Internet technologies and revenue? It will grow much more in the next years.


no body discusse here if USA is 1st power all over the world ...

The fact is that it isnt so strong as it was in '90s

I hope Europ is going to replace you, and USA is a little bit afraid that it is possible ... that is why USA wants to create North American Union (Mexico Kanada USA sth like EU with one currency ...) so there is possibility there will be no dollars in future


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szarlotka
  Nov 7, 07, 11:57  #70

Quoting: Lukasz
no body discusse here if USA is 1st power all over the world ...


America sneezes, ROW catches a cold. Old saying but still true but not so much as before.


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osiol
  Nov 7, 07, 12:02  #71

It's not easy to change some of the things that are always traded in dollars.


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hello
  Nov 7, 07, 12:04  #72

The fact something is traded in one currency doesn't make it weaker or stronger. Why the British pound is so strong - what do they trade in?

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z_darius
  Nov 7, 07, 12:05  #73

Quoting: osiol
It's not easy to change some of the things that are always traded in dollars.

It probably isn't as much about being easy, as being very dangerous. That was the main mistake Saddam did (of course everybody knew he had no nukes)


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osiol
  Nov 7, 07, 12:08  #74

Quoting: hello
The fact something is traded in one currency doesn't make it weaker or stronger

It can make things relatively more expensive.


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Lukasz
Edited by: Lukasz  Nov 7, 07, 12:11  #75

Quoting: hello
he fact something is traded in one currency doesn't make it weaker or stronger. Why the British pound is so strong - what do they trade in?


it is not "strong" in way you present here. Who would think about the possibility of trading oil using GDP ? and few years before using German Mark ? And now there are that kind of ideas to trade oil using Euro ...


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Grzegorz_
  Nov 7, 07, 12:36  #76

Quoting: Lukasz
I hope Europ is going to replace you


Unfortunately It looks like China is going to replace them.


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szarlotka
  Nov 7, 07, 12:39  #77

Quoting: Grzegorz_
Unfortunately It looks like China is going to replace them.


Did everyone see the market valuation of their major oil company - $1trillion - that would virtually wipe out the UK's national debt.


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Grzegorz_
  Nov 7, 07, 12:40  #78

Quoting: hello
The fact something is traded in one currency doesn't make it weaker or stronger.


One of the main reasons why USD used to be so strong was that vast majority of international trade was in USD, so America could print many more of them than that to cover the size of American economy. Now It isn't so anymore but still most of Chinese reserves and almost all oil trade is in USD. If Chinese and Arabs change their mind, Americans will strat taking jobs in Mexico.


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Grzegorz_
  Nov 7, 07, 12:44  #79

Quoting: szarlotka
that would virtually wipe out the UK's national debt.


It's not funny anymore. In the future the only way other than bowing to a guy in Beijing will be a union of both Europe and America.


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szarlotka
  Nov 7, 07, 12:46  #80

Quoting: Grzegorz_
It's not funny anymore


Trust me G I don't find it funny at all. To have the major economy in the world with a fundamentally different set of core values and ambitions is not funny. China has embraced capitalism as a means to an end, not an end.


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Lukasz
Edited by: Lukasz  Nov 7, 07, 12:46  #81

Quoting: Grzegorz_
Unfortunately It looks like China is going to replace them.


China ... new player in some way created by Americans and Europeans ... there is one advantage of Chinese after Taiwan they will take eastern part of Russia ;)))


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Lukasz
Edited by: Lukasz  Nov 7, 07, 12:49  #82

Quoting: Grzegorz_
will be a union of both Europe and America


it is logical , it is enought to see the results of USA embargo on Iran ... they ignored it, and started trading with Russia and other Asian countries and Europe & USA couldnt force them to join embargo ... so western domination is over ...


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szkotja2007
  Nov 7, 07, 12:59  #83

Japan has major hydrocarbon interests in Iraq.
Since July 13th 2007 Iran has been trading its oil in Japanese yen to the detriment of the dollar.


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Lukasz
Edited by: Lukasz  Nov 7, 07, 13:12  #84

I hope world is not going to be like in Orwell books ...


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Crow
  Nov 7, 07, 14:04  #85

Quoting: Lukasz
hope world is not going to be like form Orwell books ...

When you mentioned...

Did you heard for a new bestseller by Elena Chudinova, "Mosque Notre Dame de Paris," imagines Paris in 2048 ruled by Shari'a laws? In the novel, Frenchmen who refuse to convert to Islam are herded into ghettoes.

That ‘2048’ , reminded me of Orwell’s “84”. Coincidental (!) I don’t think so.


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nauczyciel
  Nov 7, 07, 15:19  #86

the Canadian Dollar got to $1.10USD today.

the USD has lost 68% in value against the Euro in 1 year. think about that.

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Lukasz
  Nov 7, 07, 15:26  #87

Dow 13300.0 -2.64% 22:05


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Crow
Edited by: Crow  Nov 7, 07, 16:34  #88

Quoting: nauczyciel
think about that

yes, think

When things become too complicated and too dark (if you understand me), Poles always have open possibilities for nice retreat from alliance with USA.

We- Serbs would prepare Russins and they won`t complicate things.


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randompal
  Nov 7, 07, 17:05  #89

the US has created many monsters over the years and now they are turning around to bite America on the ass. As the saying goes, you reap what you sow, no one to blame but the Neoconservative pinheads who are currently doing a splendid job of bankrupting what used to be a fine country. Just google the US national debt clock...


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randompal
  Nov 7, 07, 17:27  #90

Quoting: Grzegorz_
In the future the only way other than bowing to a guy in Beijing will be a union of both Europe and America.

you are assuming Europe wants to get married to an out-of-control debt junkie who spends all of his money on guns and toys. Sounds like a marriage made in hell, no thanks, you can keep America haha..


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