Originally posted by GigaShadow
I try my best.
Back of a truck, climbing through a hole in the fence or stumbling through the desert - they are all illegal.
And I quote:
Did you not say POUND? Please stop contradicting yourself.
You really need to read my posts again if you think I support the federal government intervening on state matters. Your wild accusation is based on the Schiavo case, which is not political and is a symptom of judicial tyranny.
Stop ranting.
I am not going to teach you economics, but whenver you take a number of countries and dissolve their currency to make 1 standard currency and then continue to incorporate more countries into a "union" of sorts the stronger it gets. Your insinuation that Bush has caused the degradation of the dollar is absurd since it didn\'t just magically happen. It takes time and it started long before Bush was in office.
They weren\'t planning on running that on the eve of the election just for the hell of it were they? Please STFU. I was wrong about BS - you really are the biggest idiot on this board when it comes to critical thinking.
No actually. My parents didn\'t even do that.
Yes. I said pound. But the Euro is the same scenario. The continous amount of spending that Greenspan has for so long warned about is likely to be a huge cause of the degradation.
http://www.economist.com/finance/displaystory.cfm?story_id=3445928Since mid-October the dollar has fallen by around 7% against the other main currencies, hitting a new all-time low against the euro and a five-year low against the yen. The dollar has lost a total of 35% against the euro since early 2002; but it has fallen by a more modest 17% against a broad basket of currencies, including the Chinese yuan, which is pegged to the greenback.
The deficit is at the heart of this issue. Various economists have put forward at least four arguments why the deficit does not matter and the dollar\'s reserve status is safe. First, the deficit is a sign of America\'s economic might, not a symptom of weakness. Second, sluggish demand overseas is a big cause of the deficit, so it is reversible. Third, the deficit exists largely because of multinationals\' overseas subsidiaries. And fourth, central-bank demand for dollars creates, in effect, a stable economic system. It is not difficult to demolish each argument in turn.
And you can read the rest on the link.
Giga, don\'t worry about me. My critical thinking skills are fine. And I thought it was the Dems that were famous for their conspiracy theories. You make yourself seem too smart to be such a moron.
I\'ll stop ranting the day you stop also.