Please fill in the blank: "The value of the dollar is falling because ..."

[Angela Shelley]

for example:

... we have too many houses.

... the Senate can´t decide.

... the price of tea in China is rising.

or maybe you have a more logical explanation?


Please fill in the blank: "The value of the dollar is falling because ______"

[cliffordu]

1. My cat knocked it off the table......

[Angela Shelley]

9. Got tape? Got a hot glue gun? Got SuperStickyStuff?

[Myrina]

2. ... we haven't brought it Duh-mock-rasy yet?

:shrug: It hates us for our freedoms?

[Eurobabe]

3. Greenbacks are boring the Euro is prettier

USA = dead white men

Euro = cool architecture, bridges, windows

[DavidDvorkin]

12. Damn! Beat me to it.

Same is true of the coins.

[Angela Shelley]

18. When it comes to praising Euros,

48percenter is always at the front of the line. :-)

[leftofthedial]

4. it never had any real value

and the mass hysterical delusions that have kept capitalism afloat for a century is wearing off

[SteppingRazor]

5. Supply and demand. The value of the dollar is falling because there are too many dollars. n/t

[Laughing Mirror]

50. ... too many dollars in the hands of too few people

Let's spread that wealth around folks. You can't take it with you, you know.

[SteppingRazor]

51. I'd even say too many dollars. Period.

We've been printing new money like crazy to finance this war. That drives down the cost of dollars -- doubly so, because we increase the total amount of dollars while also increasing our total debt.

[Demeter]

6. George Bush Destroyed the Country

He had lots of help, mind you, from Ken Lay to Karl Rove and all the busy little Bushbots and cronies. But pull the plug on the Illegal Occupations, and watch everything start righting itself.

[liberal N proud]

8. I will second that

[Xenotime]

56. Yes. And other countries have lost hope for the US

[flyarm]

17. add to those who helped little lord pissy pants..and american public that refused to

look into the background of * ..like they are doing again right now with Obama.

we the people are to blame..we the people who get emotionally attached to any one person with no back ground checks!

heaven forbid you should ask questions of those you want to run this nation!

just think ..you can ever drink beer with them..or that the person is like a rock star, but is actually being run by marketing people , and you know very little about them in reality.

we get what we deserve.

don't blame others..its all of us.

fly

[Angela Shelley]

23. You are right, fly, this shouldn´t be a popularity contest

it should be a nationwide job interview.

They work for us, we pay their salaries"

[awoke_in_2003]

47. "we pay their salaries"

Unfortunately, politicians work for big business lobbyists because they pay their retirement (ie lobbying jobs after gov't service)

[Demeter]

31. I've Been Doing Some Background Checks on Obama

and been encouraged by what I'm finding, and what I'm NOT finding. I think it will be all right.

[flyarm]

36. i am not liking what i am seeing about those who are running his economics..

some of whom are from Univ Of Chicago..home of the neo cons and neo liberals..i don't like it one bit..in fact it scares the ever living shit out of me!

do read this entire thread..specifically ...about the Shock Doctrine

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=4818819&mesg_id=4818819

fly

[Demeter]

40. I Understand there Are 2 Chicago-Centered Schools of Economics

and one is reality-based. I can't look it up right now, but do investigate!

[flyarm]

43. univ of Chicago=Leo Strauss..father of neo cons and neo liberals. eom

[kentuck]

7. Seriously...

The dollar is falling because we have gone into debt and we will have to inflate the dollar to pay it off. Therefore the dollar will be worth much less. As it is right now.

[Angela Shelley]

55. How does that work?

"we will have to inflate the dollar"

does that mean printing press?

[flyarm]

10. because they are printing money at will ..with nothing to back it and no accounting of what they are

printing.

it is worthless.

and we have borrowed endlessly with nothing to back the loans.

fly

[Angela Shelley]

13. If they were printing at will,

other central banks in the world would notice the activity, wouldn´t they?

[flyarm]

21. look into the M3 i believe it is called..i am by no means an expert but i remember

reading about the m3 a couple years ago and that * stopped all accountability ( reporting ) of how much money was being printed..someone else way smarter in finance would have to explain that one..i had a small grasp of it..but very small.

The Federal Reserve Bank ceased publishing "M3" data a couple years ago.. making it nearly impossible for anyone to know how much cash is being printed.


i find this site helpful in understanding some of it.

http://www.babylontoday.com/

fly

p.s. my son is in the finance business..so i try to grasp what he is telling me..by trying to educate myself * somewhat * on what the hell he is talking about..lol...

[Demeter]

35. The Other Countries Have Been Printing at Will, Too!

It's been a global contest to see which one will set off the collapse. Looks like we will--because of the massive fraud perpetrated in the financial markets by American B School Graduates and Deregulation, more than anything else. Otherwise, some other lucky nation could have taken the fall for us in a currency exchange scandal, or a war, or something.

[flyarm]

39. read the Shock Doctrine....and maybe then you will question who you want as president. eom

[Angela Shelley]

48. I´m about half way through the Shock Doctrine

and I don´t want anyone to be the president.

[flyarm]

53. lol..i understand!! eom

[ThomWV]

11. the means of production required to secure our debt has diminished

The strength of the dollar rests in our collective ability to provide value to it via capital development, which is to say we build the means of production. Once you lose the ability to make whatever it is you use to trade with the rest of the world your currency loses its value as well. There is little value in a horse that can't work, even if the reason it can't work is that hit purposefully hobbled itself.

[Angela Shelley]

15. Thank you ThomWV for a fine practical explanation.

:-)

[TahitiNut]

27. We STILL have more productive capacity than we're using.

When the MEANS of production exceeds the LEVEL of production, it shouldn't be surprising that the owners of the MEANS of production (i.e. capitalists) will, if possible and permitted, transfer (sell) the means of production to a context where it will be utilized (i.e. its value will be realized).

There are many rationalizations and reasons underpinning the FACT that we're not valuing our own labor 'today' more than 'yesterday' but it's still a FACT. Within the 'black box' that's America's economy, we're producing PROMISES (dollars) more than PRODUCTS (fulfillment of promises).

[flyarm]

30. my son was at a meeting in NY with Carl Icahn for his business ( finance corp)..and Icahn

was filmed there for 60 minutes..but my son said Icahn said we can not get out of this mess ..because we no longer manufacture much in the USA..that the only way we can get out of this fall is to start major manufacturing in the USA ..but people are not willing to pay the price of USA manufactured items..because they have gotten such cheap crap from China ..a catch 22 ...

My son said it was very interesting..to say the least..he told his dad and i to stop spending money and to pay off everything we can..which we have been doing ..no credit cards..and paying off mortgages ..big time..

fly

[meegbear]

14. it hates our freedoms.

[Angela Shelley]

16. That would mean that

the current government and the current currency have alot in common.

[taught_me_patience]

19. Brother Ben

keeps up his helicopter drops of cash by lowering interest rates in the face of rising inflation. The huge deficit ain't helping either. We are quickly turning into a banana republic.

[DJ13]

20. The value of the dollar is falling because.......

.........the Fed is being stupid.



The Fed is trying to increase growth by lowering interest rates to help the Wall Street crowd instead of dealing with the critical issue at the heart of all our problems, inflation.

Reducing Fed rates devalues our currency.

Inflation happens to countries that have devalued currencies and import more goods than are exported.

Our credit crisis is due to the rate of inflation (the real inflation, not the sexed up government "core" rate) being so high for so long that wages havent been increasing enough to keep ahead of the rising prices for everything because our imported goods keep increasing in cost to offset our devaluing currency.

Putting it another way, if people could afford the increased mortgage payments there would be no credit crisis now.

It all relates to the Fed and their low interest rate policies devaluing our currency.

[TahitiNut]

22. Bottom line? Because America would rather print dollars than create products with labor.

When we "buy" labor by importing the human beings who will sell theirs for less (i.e. cheap labor) and EXPORT the means of production because we'd rather that someone else do the sweating than us, then we're REDUCING the things that can be bought with dollars (OUR products) and INCREASING the availability of dollars.

Obviously, there's a division WITHIN the country on this but, ON NET, that's how the system is working. We've surrendered control to the capitalists at the cost to the working class.

Dollars are worth nothing more than the promise of some entitlement ot BUY something produced in the US ... or some US asset or resource. That "promise" is a glut on the world market ... and confidence/trust in that "promise" is decreasing. Why? Well, if WE don't want our own products then who will?

[stillcool]

24. because there is no...

there, there.

[mainegreen]

25. it may not buy oil in the future and the fed is pursuing an insane monetary policy.

:shrug:

[pscot]

26. The country is bankrupt?

n/t

[HamdenRice]

28. The war in Iraq caused the federal govt to run up massive budget deficits

that means massive borrowing from Asia and the middle east. Also trade deficits translated into massive borrowing from Asia and the middle east.

Therefore, there are too many dollars overseas and investors are losing confidence in the dollar.

[DadOf2LittleAngels]

29. Too much debt

Both our government and our citizens have spent the treasury dry..

[Ganja Ninja]

32. "because people voted Republican." n/t

[Demeter]

37. There's More Than a Grain of Truth In That!

After 30 years of bad government, corrupt government, and no government, the bill has come due.

[spanone]

33. our coffers have been raped by the executive branch

[AlphaCentauri]

34. Global market is growing

competition too

[Javaman]

38. Because we have an asshole for a prez* that can't find his ass with both hands glued to it. nt

[Winterblues]

41. Integrity

It is all about trust. Trust in America and it's financial institutions. When that Trust is lost the value of our currency goes down..During Clinton's term the dollar rose in value every year and in fact Republicans used that against Clinton because they said it undermined our exports..I guess they solved that problem ...:crazy:

[orleans]

42. the fuckhead masquerading as pResident hasn't been able to

formulate a coherent sentence for the past decade.

[Recursion]

44. People are willing to trade it for less of foreign currencies or commodities

It's pretty simple, actually.

[Speck Tater]

45. Money is a means of storing and exchanging wealth.

Wealth and money are not the same thing. Wealth is resources, labor, and finished goods, including the food produced by agricultural labor and resources. The United States is outsourcing labor and importing finished goods. As less real wealth is produced inside the US each dollar represents less actual wealth.

[GeorgeGist]

46. Greed

isn't free.

[Tierra_y_Libertad]

49. Because we're spending all we borrow on senseless wars and militarism. Osama won.

If anyone can claim "Mission Accomplished" it's Osama. He's spread Al-Queda internationally, he's proven that the "Mightiest Military in the World" is incapable of subduing a 3rd World nation with a wrecked military and a rag-tag insurgency, he's made the United States the most feared and hated nation on earth, he's got "The World's Greatest Economy" in the toilet, he's shown that "the land of the free and the home of the brave" is a laughable charade, he's outwitted the CIA, DIA, MI-6, and all the rest of alphabet soup "intelligence" agencies, he's bogged us down in two unwinnable wars with no end in sight. In short, he's wrecking what remains of the American Empire.

But, he wasn't alone. He had the absolutely essential aid of a nincompoop fratboy president, a cowardly and complicit congress, and the flag-waving "patriotism" of the American citizenry who cheered him on.

[lutefisk]

52. Bush played the part of the Washington Generals to Osama's...

...Globetrotters. As you stated, Osama had plenty of help.

And I can't believe that Bush is so much of a fool and nincompoop that he could let this all happen without some other explanation. That level of incompetence just can't exist, can it? The Bush Regime "took a fall" and let Osama win, or so it appears.

[BurtWorm]

54. "The value of the dollar is falling because .. ... of five assholes on the Supreme Court."