by rwwff » Sun 25 Jun 2006, 14:09:53
$this->bbcode_second_pass_quote('Luckystars', 'I') read your statements as; now that it has turned to shit it is a feminine system. Men hoard MONEY because they know money is power, they don't want to let go of it. When your wife spends money it pisses you off and you post shit about her on the internet.
Capitalism has failed even your dollar is worth 40% less, than it was a few years ago.
Who's pissed?? We're having fun down here. You don't sound like you're having fun though.
And why should I care about how low the dollar goes, the lower it goes, the more competitive our products are overseas, including in Europe. Only if I was holding dollars in a cash account would I be particularly concerned about the dollar falling. Fortunately for us, and not so fortunately for them, most Americans hold more dollar denominated debt than they hold dollar denominated assets. The assets that were acquired with those dollar denominated debts are mostly fixed or economically productive (land, buildings, shop equipment, trucks, cars, trains, and planes, etc). Dollar slides... Assets remain; the increased revenues acquired from the exported products then come back to service an intrinsically shrinking debt.
I admit that it is a ruthless strategy.