DISQUS

Nigel Elliott · 1 year ago

Uh-oh, the artist 50 cent won't even be worth a quarter. :-)

KarenMrsLloydRichards · 1 year ago

B-b-BUT!! Think how much more competitive all those huge numbers of desirable American exports will be!

KarenMrsLloydRichards · 1 year ago

I'm thinking of all the great stuff we export to the world: Hummers; porn; Miley Cyrus; porn; um, I'm runing out of what is we manufacture and export. Oh yeah, porn. Lots of it.

ThingsComeUndone · 1 year ago

Porn is a huge part of our exports a lower Dollar just makes it cheaper thus we make more but make less profit on every unit sold. Cheap products where there is lots of competition and demand are helped.
Products like gas guzzling cars won't find buyers at any price.

sib · 1 year ago

At least there is hope. When we all go hungry we know were to look at.

Busboy · 1 year ago

Is Jimmy Carter in charge of the euro economy? That would be the dumbest move in history.

Andrew · 1 year ago

No doubt that Jean-Claude Trichet will raise rates and in doing so will give helicopter Ben Bernake heartburn. The euro will head past 1.60 to the dollar and the pressure will be on the US financial establishment to do something. The options for Bernanke are few. Raise rates in the US and you'll kill any life left in the housing sector. Keep rates the same and the ravages of inflation will eventually kill whatever is left of the middle class. What is a government to do? Turn the financial clock back to 1933 and once again back the US dollar with something of value like gold and or silver as Kennedy proposed. No fiat currency has ever survived history and the dollar is no differnet. All that is required now is for someone to come along and pull the plug on the ventilator which is barely keeping it alive at the expense of the rest of the world.

Indigo · 1 year ago

Europe and the United States are not working together very well. What's behind that if not divergent forms of self-interest? What will it take to help the American government and people and, yes, even some bloggers, to recognize that Europe is no where nearly as friendly to the United States as, say . . . China.

lucky hussein · 1 year ago

us fed will probably be forced to go along (also to protect against inflation) but that will hurt the stock and credit markets. put options anyone?

vwcat · 1 year ago

And this is why my cousin from France is visiting us rather than us visiting them this week.

brian · 1 year ago

Europe does not matter to those on the right. We could be (we are) going down the toilet and all they care about is revisionist history and preventing gays from marrying.

High Crimes & Misdemeanors · 1 year ago

Brian, you could not be any more wrong here, the right wingers are puppets of the British Oligarchy. Start reading my posts and links, you will be quite amazed that we still have "Traitorous Tories" residing in our halls of Congress.

Mikki --SE Pennsylvania · 1 year ago

G.W.Bush - WORST PRESIDENT EVER!
Bush Administration - WORST ADMINISTRATION EVER!
More crooks and incompetents than any other organization!

jr · 1 year ago

I remember when Larry Kudlow was proclaiming Ben Bernanke as "rookie of the year"

ZennButtKicker (tlhwraith) · 1 year ago

To be fair, I don't think you can really pin this problem on Bernanke. He really did have this nightmare dumped on his lap when he took over.

idrobny · 1 year ago

kudlow is an asshole asskisser for this administration & any far right concepts on the market. i would not trust that coke sniffing "market analyst with any of my money.

cowboyneok · 1 year ago

and idiots who pulled the lever for Bu$h are getting EXACTLY what they voted for.

High Crimes & Misdemeanors · 1 year ago

"Soros used his Quantum Fund to conduct financial warfare through derivatives and currency speculation. On the European front, in 1992, Soros won a key battle against the European Rate Mechanism (ERM), which was
Europe’s financial structure to maintain stable exchange rates among the currencies of Europe.
Soros created a financial crisis so that the system could be replaced by the Maastricht Treaty, which established the Euro as the single European currency, and put financial authority in the hands of one central bank, controlled by the Anglo-Dutch oligarchy. This plot began when representatives of Soros met on June 2, 1992, with top British and Anglo-Dutch financial predators, on Her Majesty Queen Elizabeth II’s yacht Britannia."

ThingsComeUndone · 1 year ago

America could try paying its debts to boost the value of the Dollar I know its a radical idea that we have not heard for 7 years.

mf_roe · 1 year ago

Hard to do when you have negative net worth. Maybe they will accept certificates of indenture.

High Crimes & Misdemeanors · 1 year ago

Paying off our debt to boost the value of the dollar is not gonna cut it, especially if the dollar is based on absolutely nothing. well, actually it is based on something. you know that funny thing called: "the full faith and credit of the U.S."

If you haven't figured out that that is complete and utter bullshit, you haven't been paying attention!

nsr · 1 year ago

Four years ago, the euro was worth $1.23. It passed $1.30 on 11/25/06, $1.40 on 09/21/07, $1.50 on 02/28/08, now at $1.58. Which seems like an accelerating decline.

But Brian Williams had this story about these really cool stormchasers the other day.

Andon · 1 year ago

The devaluation against the Euro is going to be very ugly. But when the Chinese currency is revalued upward its going to be worse. Just about everything in Walmart is going to cost more, in no small part because transport costs in getting the schlock to North America are going to rise dramatically. The American consumer is left with a series of unpalatable prospects with respect to a) housing costs, b) fuel and power costs (remember that electrical power generation relies on imported natural gas in many locations and it costs twice as much as it did a year ago), c) rising food costs, both because of transportation costs and ordinary costs of production which are keyed on wheat and corn prices in some way, d) the costs of waging two and possibly three unsuccessful wars are inflating dramatically for the first three reasons and because of willful blindness in continuing them fecklessly, and e) the unwillingness to tax to pay for the follies of George creates massive foreign debt charges. Austerity lies ahead. Its headlight is shining brightly back down the track in front of Joe Average. Because of the almost total insufficiency of universal social benefit programs, many Joes are going to be consigned to grinding poverty for a long long time. In those circumstances, a transplanted and revived 4th Reich might be very appealing to some of them. These are dangerous times friends and neighbors.

Reason0Politics1 · 1 year ago

Sadly, Friend, you are spot on. Its gonna get uglier than people have ever imagined it can be. And yes, those are the times ripe for Fascists, like the Bush family, or more accurately, the power the represent, to move in Radical ways. Its tragically comedic the way so many people I know, upscale middle class professionals, the utter complete fantasy they maintain " this is just a business down cycle, nothing to see here, move along".. people cant imagine, or refuse to accept just how deep this rabbit hole goes, and how significantly different this crash is going to be. heck, more and more possibility here that the crazy idea we've read, that they WILL attack Iran, cause another false flag terror event, and slam down Martial law.. well..those probabilities are increasing day by day.

High Crimes & Misdemeanors · 1 year ago

"Soros was raised to behave like a beast, and so he does. Upon the destruction of the ERM, which set the stage for Maastricht and, inevitably, the Lisbon Treaty, Soros had only this to say: “I’m sure speculative actions have had
some negative consequences. But that does not enter my thinking at all. It cannot. If I abstained from certain actions because of moral doubts, then I would cease to be an effective speculator. I have not even a shadow of remorse for making a profit.” He continues, “I did it only to make money."

High Crimes & Misdemeanors · 1 year ago

Just to let all of you know, I still cant stand DISQUSting - what a piece of crap. I long for the days of haloscan.... god I can't even believe I'm saying that??!!!??!!!??? *^%#*(*&^%#!!!!!

JustAnOldLady · 1 year ago

Me too.

lucky hussein · 1 year ago

euro was worth less than a dollar, when it first came out.

Dave of the Jungle · 1 year ago

George W Bush has become practically irrelevant.

DCinDC · 1 year ago

Did the main plan of the GOP & Bushco consist of tearing the United States down? I cannot believe Bushco was so inept that these actions were done by accident.

paulbe · 1 year ago

Try "Dollar poised for explosive collapse against the Euro". Sounds more likely doesn't it. No wonder the Iranians want to move to the Euro for oil trading settlements, like the Iraqis did before you stupidly invaded them.

SouthernYankee · 1 year ago

I guess that is the american peoples fault. Damn we get blamed for everything. But Bush comes off like a rose again. When he dollar falls that is pretty bad. I feel sorry for our troops living in europe.

jgm22 · 1 year ago

we're headed for a depression not a recession