Weak US dollar in Poland and other countries...

So go short on cash and long on Gold.

I've just sold my short positions because I wan to see if bear are going to win over 3450 (FW20) or Bulls are going to change direction of our market, and we have to many rumors about "THE END" if it is "THE END" I will play short by next two years ;) ... as to GOLD ... spread is to big it is better business to play on EUR/USD ...

Joe,
You need to read snopes.com, or even wikipedia, and it's evident that this whole "Amero" thing is a simple urban legend.
The U.S. wouldn't weaken its position by taking on the weaker economies and positions of its two socialist neighbors. Also, the Canadians stand to lose from such an arrangement by taking on the U.S. national debt. And none of these three nations are close enough friends to simply help each other out.
The people of the U.S. and Canada would never except such a thing, as both peoples are proud and willing to defend their sovereignty.
All these conspiracy theorist need to focus all their energy on a real problem. That may yield a result.

Listen this

Iranian oil no longer available for U.S. dollars

20:43 | 11/ 12/ 2007
en.rian.ru/analysis/20071211/91913059.html



Soon expect war against Iran and note USA/NATO `necesity` to spread democracy

True...

There won't be a war with Iran.... Bushy will be gone before then.

but, before him was Clinton by Serbs remembered as `clitor` (don`t ask me why)

what would be after `busha`? another clitor maybe? or something else?

;)

Posted Dec 2006 - when Gold was $600 per troy ounce,

today $814 per troy ounce.
Still think its going to climb some more. A lot of people are going to pull out of currency and get into metals due to the actions of OPEC countries steering clear of the USD.

I think the economy in the US will get worse before it gets better. I expect the dollar will go lower along with the economy. The US govt just made a small bail out to help the people facing foreclosures on homes as the result of loans given to people who could not really afford them. Take that along with oil prices that keep rising and the huge debt caused by the war in Iraq, and the US has some huge financial hurdles to jump before things can chug along smoothly again.

In the meantime, other countries will be hurt if the US can consume as much as it did before, but that will probably smooth out over time as other markets open. (after all, the Euro countries should be able to purchase plenty!)

Americans are facing another recession in my opinion, and worse than the one in the seventies. Time to tighten the belt and buy only the necessities. (And I wouldn't consider a laptop or a cell phone a necessity, btw). :)

Unfortunately for the US they are likely to be buying these from China.

I share that view too and you are right, other countries will be dragged into recession too.

How to beat recession? Just beat in DRUMS OF WAR and give another war to the world and new cycle of economic boom to America. And, yes then BLA BLA about American mission in the world, multiculturalism and democracy under THEIR rule...

American key partners already hurry to beat in DRUMS OF WAR

Despite Report, France and Germany Keep Pressure on Iran

By KATRIN BENNHOLD
December 7, 2007
nytimes.com/2007/12/07/world/middleeast/07iran.html?_r=2&oref=login&pagewanted=print&oref=slogin


NATO Envoys Back Rice In Urging Iran Sanctions

By Matthew Lee
Associated Press
Friday, December 7, 2007; A34
washingtonpost.com/wp-dyn/content/article/2007/12/06/AR2007120602391_pf.html



BDW, Franch downfall is absolute and complete. Germany don`t even deserve comments but, i would just say that new `quality` in new drang nach osten/Slavdom is that Germany managed to mobilize complete so called West to support her and even to manipulate with few Slavic countries thru NATO/EU institutions.

Weak US dollar fuels american exports because of lower prices.Americans also sell oil,so they make money of that as well(now Iraq's oil also).They do not have a problem as long as other states like Saudi,China lend them a lot of money.
If recession hits USA,they will divert it to another third world country economy.So many economists,they must have studied something.
I wonder how the strong euro helps european economies.Italians for example cannot devaluate thir currency anymore and as a result many cloth making companies closed due to cheap clothes' competition from China.In the past they could be competitive by simply undervaluating liretta.With euro the average people lost a lot of money due to increase of prices and much of work opportunities and stability.

You must be kidding! War costs! To everyone.....in many ways!

The current war has already run up a huge debt. And there are two kinds of debt: the current cost of supplies, weapons, people, etc....and then there is the cost of taking care of all the vets who come home in pieces, who will need assistance for the rest of their lives.
And who can put a price on the lives lost and the suffering for everyone involved?

There are other ways to affect change...peaceful ways.

If there is a big debt,why so many are willing to continue sending troops?There must be some profits for some companies,not only the ones supplying the army.There are a lot of interests in favour of occupation.

Honestly, Southern...I don't know why we keep sending troops. Congress and Bush cannot agree on budget for the war. Bush says give me at least this much or I will veto the proposal.....so it goes back and forth.

Whoever is suppling the troops.....it is not enough to support the whole economy. Things are different now.....the economy is big.

From the CIA webpage -
Oil - production:
7.61 million bbl/day (2005 est.)
Oil - consumption:
20.73 million bbl/day (2004 est.)
Oil - exports:
1.048 million bbl/day (2004)
Oil - imports:
13.15 million bbl/day (2004)

wouldnt it be ironic if the same people financing and profiting from the war were the same people who orchestrated it in the first place

Next question is- Why would Slavic Poland accept that Poles serve as cannon fodders in that situation?

and, new question- What are Polish chances to escape from unpleasant obligations to NATO?


No, unfortunately it isn`t joke. SG you know it

Yes, war costs but for somebody war is investment.

You invest on technology and much more things than sb can imagine.Computers,mobile phones,transistors etc were invented for military use before becoming commercial for the public.The army pushes technology even in medicine in some cases.It is a huge investment.
It also gives the opportunity to destroy old industries by bombing and clearing the ground for building brand new ones with funds that follow.War always has given a bust in american economy.In WW2 no unemployment in USA after the thirties crisis.
Bush has a general grasp in my opinion about basic economic principles and he has some competent counselors and people who estimate everything using hardcore,advanced logistics.

speaking about experiments and about use of new technologies in military purpose

It reminds me on German experiments on Jews and other people in concentration camps, especially issues in case with gas chambers and production of soap from `organic` materials. Or think about horrid experiments on children... How many time bones of children (till age of 10 years) can be healed before it deformed permanently (use your worse imagination in case with nature of experiments)?

Or take newest examples from NATO bombardment of Serbia, Krajina, Bosnian and Kosovo Serbs. Especially `interesting` was use of those, those things which tend to seek for electric cables and combined with them (spread by aircrafts), which purpose was to leave targeted region without electricity. It returned us to stone age. Or think about of all those `claver` bombs and projectiles with uranium. Even poisoned insects with some new and strange diseases were used against us.

Honestly, when comes the night I expect to see how people near me and myself reflects green aura around bodies. Many people already dies from cancer. That was rare once but today Serbs of Balkan (Serbia, Bosnia, Herzegovina, Krajina, Kosovo, Metohija) are nation with biggest number of deadly cancer cases.

What you think how many people in Poland ever get information about this, brate? And, in advance BBC, CNN and Deutsche Welle, etc media prepared public that Serbs got what they deserved. All was allowed against Serbs. Seams that use of mujaheedines against us was little joke in comparison with other methods.

The smart money seems to think that the dollar will recover somewhat. I found this today, while I was checking: http://waluty.onet.pl/1437025,artykul.html

I'm thinking that as all those million+ Poles return to Poland for Christmas and start changing their pounds to złotych, it might be time for a bit of pound trading, since there always seems to be a hiccup around Christmas, and will probably be a bit more so this year.

I will not be surprised if they get the medical data concerning number of deaths from thyroid cancer or leukemia before and after the bombardment and correlate them to the bombing density with uranium in order to find out the long term effects of these weapons.

Even if there weren't any carcinogens found from NATO weapons, plenty of PCB's and other poisons were released from the effects of bombing the oil refinery and other industries.
That doesn't go away for a long time.....very sad, especially for the children growing up in Novi Sad. :(

There is no slow releasing uranium there supposed to penetrate the tanks armour?This is very difficult to spot and remove.
Serbs are one of the most handsome nations in the world.White,tall people very western looking.To bomb them and induce mutations in their DNA or disturb the development of their children is a crime.

Most of time during NATO bombardment i spent on my weekend house on The Holly Mountain of Fruška Gora, near the banks of Danube in Srem.

But, once luck abandoned me when i visited my apartment in town (Novi Sad). Rafinery of Novi Sad was heavily bombarded that day and i was stupid enough to leave my window open before I went to sleep a little after lunch. I suddenly wake up and almost collapsed from smoke and who knows which kind of poisons. Apartment was full of it. Believe me, even today I can physically feel that disgusting feeling in my stomach and head.

If you had to bomb a place would you bomb its military facilities,its industries,its infrastructure or its people?

About the dollar - it's an adjustment in the right direction. Deficit is becoming too large a burden to bear. As far as the zloty is concerned, I don't know what direction that might go on, but since it's hinged on the euro, we could expect it to play out likewise.

This is a bit unrelated, but the cost of living between the U.S. and Poland is extremely large for me. We were looking at houses in STL and planned on paying about 720 USD a square meter. Although it was in the city limits, it was a nice neighborhood, and on top of that had a second family to rent for 700 USD a month. Now we come to Poland and are seeing a square meter go for 3-4000 zloty. Kind of puts a financial damper on the potential move.

these prices won't last, give it time and it will come back to a more realistic level!

Interesting article...

Is the United States bankrupt?

by Laurence J. Kotlikoff

Many would scoff at this notion. Others would argue that financial implosion is just around the corner. This paper explores these views from both partial and general equilibrium perspectives. It concludes that countries can go broke, that the United States is going broke, that remaining open to foreign investment can help stave off bankruptcy, but that radical reform of U.S. fiscal institutions is essential to secure the nation’s economic future. The paper offers three policies to eliminate the nation’s enormous fiscal gap and avert bankruptcy: a retail sales tax, personalized Social Security, and a globally budgeted universal healthcare system.

--Federal Reserve Bank of St. Louis Review, July/August 2006, 88(4), pp. 235-49.

NOTE: Laurence J. Kotlikoff is a professor of economics at Boston University and a research associate at the National Bureau of Economic Research.

Source: http://research.stlouisfed.org/publications/review/06/07/Kotlikoff.pdf


So, is the US bankrupt?

I would say- Yes. Fiscally and morally.