Quote:
Originally Posted by Istok
Cyclical things that will correct with time.
Gas is still cheap in the US. So some will have to get rid of their SUV's. Oh boo hoo, poor poor people cannot drive a 6 litre that gets 11 mpg.
4 cent dollar value? OK, whatever
Drop the dollar? Just what countries use the dollar as their currency? Our main trading partners all have their own currency. They will continue to accept the dollar if they wish to export to this country. If they want lesser expensive products they will use dollars to buy from the US. Cause guess what export is booming.
Honestly I could care less what the dollar value is as long as the price of goods does not go up. From what I see and from what friends in Europe tell me, the price of goods in the US is still low. Check for yourself. It appears that if anyone wants to sell in the US they will have to eat the loss due to currency instability.
I remember a few years back people like you were crying about housing prices and guess what it went down. Do not limit your view on the US economy to 10 years.
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You're comparing our economy to other countries economies and saying ours is still good. I'm comparing it to America when America was the country of envy with a strong dollar & the strongest middle class.
Your attitude is "Why should we have it any better than other countries?" while mine is geared more towards "America , once known as the best country second to none is now becoming just another second rate country with an evaporating middle class". Two different perspectives.
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"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."Thomas Jefferson (1743-1826), US Founding Father