compiler opened this issue on Nov 21, 2004 ยท 56 posts
Armorbeast posted Tue, 23 November 2004 at 2:02 AM
Well there is a price we Americans will pay for that weak dollar here in the U.S. as fuel prices and essentials go up.The trick here to understand is how foreign currencys rely so heavily on the dollar and if it goes down so does the economy of those nations that have invested in it and in American stocks.Bush took the wrong direction in the foreign conflicts he got us in and accomplished basically nothing as terrorists can cross into the U.S. anytime they want from Canada,Mexico or even a boat ride from asia...Saddam could go free because our military actions against him were illegal by international law due to the fact he was obeying the sanctions that intiated the conflict and of course he failed to get Osama.
But for all of this he has drastically damaged the domestic economy here in the U.S.,a friend of mine argued that the tax cuts he implemented are going to help...well they have to do an amazing job considering how much Bush is spending overseas plus creating obligations that will either keep us in debt for decades to come or turn allys into enemies when these promises are broken.
So don't look upon a weak dollar with too much happiness as I remember several years back when the Japanese yen faced a similar tumble and before that situation reversed,there was serious concern that it could not only devastate Japans economy,but do tremendous damage to the economys of its trade partners as well.And lets face it...more economys overseas depend on the success of the dollar than any did on the yen.Now that the republicans are finally beginning to focus a bit on the economy here,they're trying to slip in special interest legislation that will bog down legislation we need to build up the dollar and begin paying off these debts Bush has run up...why not,if you didn't like Bush the first time now you'll really hate him because he can't run again and this term will be to fulfill personal agendas that will only generate more conflict when we need greater unity to resolve these matters.
But yeah,the issue here Compiler is the weak dollar vs the stronger Euro dollar...in other words,CL isn't ripping you off,the Euro dollar is simply worth more so the price seems inflated.You could of course buy American dollars on the street cheaper than the exchange rates at a bank and come out wealthier for it~or invest in the U.S. dollar stock wise;P
If the end goal of learning is genius...why are most geniuses failures at learning?