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Is anyone paying attention?

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Old 12-18-2007, 01:45 PM   #1
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Is anyone paying attention?

...to the fact that the dollar is very weak and that your money is on it's way to being worthless? The General Accountability Office came out with Fiscal Year 2007 Financial Report of the United States Government. Just thought you might want to read/skim the Citizen Guide that accompanies the report.
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Old 12-18-2007, 01:59 PM   #2
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Re: Is anyone paying attention?

Yeah, unfortunately it took the Dollar to fall below the Canadian Dollar before I started to look into things...

It's pretty goddamn simple. Stop spending more than the country is bringing in...it amazes me that you have people with personal wealth, or companies that have corporate wealth who have figured this out, yet our Government does not. Perhaps it's time the Federal Government start running the taxpayers' money with a little more responsibility.
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Old 12-18-2007, 02:05 PM   #3
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Re: Is anyone paying attention?

Looks like it's on the upward swing for the short term.
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Old 12-18-2007, 02:07 PM   #4
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Re: Is anyone paying attention?

So it acutally would have been a good idea to pay attention to those infomericals about investing in foreign money a few years ago?
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Old 12-18-2007, 02:07 PM   #5
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Re: Is anyone paying attention?

But economically speaking, there's a very positive flipside to this. As our currency gets weaker, the currency of other nations gets stronger. Overseas investors tend to ramp up investment in our businesses when they know their Euros can buy more shares. This investment helps our companies raise cash, which is especially good for the financial companies in these post-subprime times. Our companies then put the cash to good use and generate returns, and before you know it our dollar will be strengthening again.

It's all a part of the business cycle.
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Old 12-18-2007, 02:30 PM   #6
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Re: Is anyone paying attention?

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Originally Posted by Schneed10 View Post
But economically speaking, there's a very positive flipside to this. As our currency gets weaker, the currency of other nations gets stronger. Overseas investors tend to ramp up investment in our businesses when they know their Euros can buy more shares. This investment helps our companies raise cash, which is especially good for the financial companies in these post-subprime times. Our companies then put the cash to good use and generate returns, and before you know it our dollar will be strengthening again.

It's all a part of the business cycle.
Lets face it, most companies/investors are single minded...make a buck as quick and as cheap as possible. It's really a raid more so than an investment, you know, the kinda stuff we do to third world countries (cheap labor and material). Airbus for example wants to open plants in the states to reduce it's costs AND to win US Air Force contracts (not going to seeing how Boeing is sleeping with US government).

I suppose we are still relevant because we are the biggest market in the worlds but one has to wonders how big of a market we will be 20/30 years from now when more of our money is going towards paying interest. Truth of the matter is one should always look at long term prospects and as of right now the future looks bleak. If the US government was a corporation would you invest long term in it?


Lipsticks are in action once again.
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Old 12-18-2007, 02:32 PM   #7
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Re: Is anyone paying attention?

Quote:
Originally Posted by Schneed10 View Post
But economically speaking, there's a very positive flipside to this. As our currency gets weaker, the currency of other nations gets stronger. Overseas investors tend to ramp up investment in our businesses when they know their Euros can buy more shares. This investment helps our companies raise cash, which is especially good for the financial companies in these post-subprime times. Our companies then put the cash to good use and generate returns, and before you know it our dollar will be strengthening again.

It's all a part of the business cycle.
Lufthansa just did that with JetBlue. Never would have happened without the weak dollar.
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Old 12-18-2007, 05:50 PM   #8
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Re: Is anyone paying attention?

The real issue is the billions we're spending on a war, borrowing money, China buys it up, rinse, repeat.
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Old 12-18-2007, 09:21 PM   #9
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Re: Is anyone paying attention?

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The real issue is the billions we're spending on a war, borrowing money, China buys it up, rinse, repeat.
While I'd agree we have spent a rEdiculous amount of money on the war let's not ignore the fact that we spend our money far to indiscriminately on a lot of worthless entitlements and crap pork barrel. At least the money for the war is going towards something that is purportedly beneficial to the country rather than bridges to artic airports and other crap like that.
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Old 12-18-2007, 09:58 PM   #10
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Re: Is anyone paying attention?

Ron Paul 2008; Hope for America
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Old 12-19-2007, 12:33 PM   #11
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Re: Is anyone paying attention?

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Exactly. I hope he wins the primaries, but he probably won't because of his stance on the war. From what I have gathered, most Republicans want to stay in Iraq.

He's the only candidate who seems to recognize our financial crisis. I admire him because he seems to speak from the heart, and not just say what will get him votes.
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Old 12-19-2007, 12:43 PM   #12
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Re: Is anyone paying attention?

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Is that the guy who makes the Showtime Rotisserie?
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