[quote=smart makes a comeback;419496]
Quote:
Originally Posted by wow
Just a hint WOW...when you are schooled and owned like Toxic and I have done to you on this topic, best to hide out and wait till the coast is clear.
When you chime in with more stupidity, you only add to your humiliation
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Here ya go, maybe you overlooked this earlier.
School me on this.
First you have to realize that the only thing that has kept the price of products down the last several years is Chinese labor. We have transisitioned from $800/week to $4/week assembly labor for products.
Then these Chinese will be like these Socialists in Europe, they will be crying about Americans not buying their exports.
If you look at commodities (Gold, Lead, Copper, Oil, etc), you can see that they have typically risen 400% in the last 8 years under Bush. That is the real world effects of a Weak Dollar.
How does the lower value of the USD increase the demand for gold?
Given the Weak Dollar, this will mean you will be paying $100 for a toaster at Wal-Mart.
Tell me, how does the value of the USD affect USD only transactions?
Note: I have recently purchased some products made in Europe and the price is the same it was several years ago when the US dollar was almost equal to the Euro in value. Do you think that could be because these products were sold on an exchange of US dollars? Yes or No?
BTW, my savings will not be worthless in America.