PeakOil is You
Watch the USD! The Dollar vs the Euro
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Watch the USD! The Dollar vs the Euro
by energyaddict » Thu 24 Feb 2005, 09:42:04
I am going to sell off all the USD I kept! Keep watching the movements of the USD over the next hours! I will do this in an effort to limit my losses...
Last edited by Ferretlover on Thu 09 Jun 2011, 17:10:35, edited 1 time in total.
Reason: Clarified title.
Reason: Clarified title.
To realize that you are an addict is a essential step to a basic change.
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energyaddict - Peat
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by energyaddict » Thu 24 Feb 2005, 10:14:58
I will dump all my USD assets and encourage everybody to join and buy Euro!
Let´s trigger the final downturn of the US economy - better sooner than later...
Let´s trigger the final downturn of the US economy - better sooner than later...
To realize that you are an addict is a essential step to a basic change.
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energyaddict - Peat
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by Kingcoal » Thu 24 Feb 2005, 10:34:22
Sorry energyaddict, I don't think that you have the power to bring down a currency. Which brings up another point, the current strength of the Euro is not attributed to any fundamental, such as strong eurozone economies, etc. It's strength rests solely on not being the dollar. In other words, if the dollar collapses, the Euro will need something to support its strength other than being the anti-dollar.
Remember Euric? He was trying the same thing a couple of months ago.
Remember Euric? He was trying the same thing a couple of months ago.
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Kingcoal - Expert
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by Barbara » Thu 24 Feb 2005, 11:17:29
LOL energyaddict!
Unfortunately I can't contribute to your project: all my assets are in Euro... wage included!
Unfortunately I can't contribute to your project: all my assets are in Euro... wage included!
**no english mothertongue**
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Objects in the rear view mirror
are closer than they appear.
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Objects in the rear view mirror
are closer than they appear.
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by crude_intentions » Thu 24 Feb 2005, 11:24:07
I doubt anyone here could do anything, but lets give a call to George Soros. I'm sure he could really do some damage 
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by energyaddict » Thu 24 Feb 2005, 11:25:58
Euric did very fine - have you noticed the develepment since then...? 
The difference in the fundamentials is, that Europe still has a better balance between import and export. The trend of outsourcing is not that much focussed on Asia as it is in the US - it is very much focussed on the FSU countries and their friends like Poland, Slowakia and others. And that is in fact also Europe today...
US has the Dept. but Europe holds part of the bonds... It is still in Asia´s (or say Chinese) interest to trade with Europe - not simply against paper bills of a currency - but in exchange for European goods. The US is mainly exporting food to that countries - that is not real high tech...
The difference in the fundamentials is, that Europe still has a better balance between import and export. The trend of outsourcing is not that much focussed on Asia as it is in the US - it is very much focussed on the FSU countries and their friends like Poland, Slowakia and others. And that is in fact also Europe today...
US has the Dept. but Europe holds part of the bonds... It is still in Asia´s (or say Chinese) interest to trade with Europe - not simply against paper bills of a currency - but in exchange for European goods. The US is mainly exporting food to that countries - that is not real high tech...
To realize that you are an addict is a essential step to a basic change.
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energyaddict - Peat
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by energyaddict » Thu 24 Feb 2005, 11:29:35
I am done! The whole 40 USD I had left over from my last visit to the US are sold to our local bank!!! Have you noticed the sharp drop in USD values??? 
To realize that you are an addict is a essential step to a basic change.
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energyaddict - Peat
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by BabyPeanut » Thu 24 Feb 2005, 11:34:57
$this->bbcode_second_pass_quote('energyaddict', 'T')he US is mainly exporting food to that countries - that is not real high tech...
Food and "virtual water". You see when you import food you erase the need to have the water to grow the food yourself.
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by Kingcoal » Thu 24 Feb 2005, 11:55:16
$this->bbcode_second_pass_quote('energyaddict', 'E')uric did very fine - have you noticed the develepment since then...?
The difference in the fundamentials is, that Europe still has a better balance between import and export. The trend of outsourcing is not that much focussed on Asia as it is in the US - it is very much focussed on the FSU countries and their friends like Poland, Slowakia and others. And that is in fact also Europe today...
US has the Dept. but Europe holds part of the bonds... It is still in Asia´s (or say Chinese) interest to trade with Europe - not simply against paper bills of a currency - but in exchange for European goods. The US is mainly exporting food to that countries - that is not real high tech...
The difference in the fundamentials is, that Europe still has a better balance between import and export. The trend of outsourcing is not that much focussed on Asia as it is in the US - it is very much focussed on the FSU countries and their friends like Poland, Slowakia and others. And that is in fact also Europe today...
US has the Dept. but Europe holds part of the bonds... It is still in Asia´s (or say Chinese) interest to trade with Europe - not simply against paper bills of a currency - but in exchange for European goods. The US is mainly exporting food to that countries - that is not real high tech...
If Euroland wanted to bring down the dollar, there is one very simple way: buy like mad from Asia and the Middle East. In order to replace the dollar, you have to do as the heathens do and consume like mad. Euroland would become the consumer of last resort, the world would loose all interest in supporting the dollar and the US would find itself having to purchase Euros in order to buy anything.
Somehow, I don't see that happening. Europeans are too proud and want to buy European products and services and aren't very willing to sell their soul like their USA counterparts. Being a mega consumer means you have to trash your own manufacturing by inflating the hell out of your own currency. This makes it too expensive to make anything in your own country. Then you export that inflation by buying the things you used to make from LCRs. In other words, to take down America, become like America. Even if Soros sells $200B dollars for Euros, it's just temporary. In order to sustain the dominance, behavior changes are needed. Believe me, you Europeans have it good right now. You can invest your tax revenues in quality of life things like infrastructure, healthcare, etc. By contrast, America's infrastructure is falling apart and not being rebuilt and it's healthcare funding issues aren't being addressed. This is because of the huge amount of money spent on actions to retain dollar hegemony. That is the price you pay. I for one, wonder whether it's worth it.
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Kingcoal - Expert
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by Tuike » Thu 24 Feb 2005, 12:53:31
$this->bbcode_second_pass_quote('energyaddict', 'I') am done! The whole 40 USD I had left over from my last visit to the US are sold to our local bank!!! Have you noticed the sharp drop in USD values???
Good thing there's a little sense of humour still left. Not so gloomy all the time. 
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by BabyPeanut » Thu 24 Feb 2005, 13:05:55
Does anyone else find this quote chilling?
$this->bbcode_second_pass_quote('JH Kunstler', 'B')ottom line: a currency is about a society's future prospects.
$this->bbcode_second_pass_quote('JH Kunstler', 'B')ottom line: a currency is about a society's future prospects.
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