Dollar Falling, Oil up in reaction to Bush

[opebo]

Just as I predicted.  Or rather, I predicted a Kerry victory would cause a dollar rise, and a Bush victory a dollar fall: 

http://biz.yahoo.com/rb/041104/markets_forex_1.html

Keep in mind my friends, Americans are now worth only about 62.5% of what they were when Clinton left office, thanks to Bush's debasement of our currency.

[opebo]

The falling dollar quite literally makes Americans, and America, worth less.  We are a lesser country because the GOP has debased the currency.

[opebo]

I'm impressed. A post that isn't just intolerant, anti-Christian trash. It's anti-Republican trash with no substance whatsoever, but that's okay. You're making progress.

I blame the christians for our economic decline.  Impoverishment is the inevitable result of irrationality.

[opebo]

Are we upset that the dollar doesn't get you as much in the Pattaya red light district anymore?

Actually, my own economic situation is very.. adjustable.  And the dollar has held up well against its fellow Third World currencies.  It is against its economic betters the US is taking a beating.

[opebo]

Yes, the economy is going in the tank because Bush was re-elected. (Checks the Dow) Opps, never mind its up over 278 points in the last two days.

The Dow at 10,000 at .8 dollars to the Euro is worth a lot more than the Dow at 10,000 at 1.28 dollars to the Euro.  Face it, what matters is one's relative economic position, and Americans is getting much, much worse.

[opebo]

Yes, the economy is going in the tank because Bush was re-elected. (Checks the Dow) Opps, never mind its up over 278 points in the last two days.

Please, stop bringing financial facts into this thread.  Opedo is simply deciding whether or not to come out of the closet, and he is dealing with his shame by attacking followers of Christ Jesus.

Shame?  I proudly proclaim I've tried just about everything once, or twice, and no doubt will again.  No closet here.  Personally I don't see why rubbing one particularly set of sensitive bits as opposed to another set has any importance whatsoever.  Just passing the time away, you know.

But I do find your obsession with my sex life a bit creepy.  I don't pry into what sort of acts you and your lady wife may or may not practice within the bounds of 'holy matrimony'.

[opebo]

Please, stop bringing financial facts into this thread.  Opedo is simply deciding whether or not to come out of the closet, and he is dealing with his shame by attacking followers of Christ Jesus.

Shame?  I proudly proclaim I've tried just about everything once, or twice, and no doubt will again.  No closet here.  Personally I don't see why rubbing one particularly set of sensitive bits as opposed to another set has any importance whatsoever.  Just passing the time away, you know.

But I do find your obsession with my sex life a bit creepy.  I don't pry into what sort of acts you and your lady wife may or may not practice within the bounds of 'holy matrimony'.

I wasn't aware of your sexual orientation.  But I knew your open hatred of Christ was the result of something going on in your life. 

The reaction of your flesh to Christ is natural, but as Jesus asked Paul after slapping him off his horse, "Why do you persecute me? It is hard for you to kick against the goads.'

I hate people, not fictional characters.   But I am surprised you people would write a slapping part for your favorite character..  seems.. out of characer.

[opebo]

Actually, Bopeepo, a weaker dollar is helpful in terms or our exports to other nations; it can be a sign of economic growth.  The new jobs report should show that as well.

What you're saying, precisely, is that by lowering our standard of living, we become more competitive in the race for the cheapest labour.  How appealing!

The Europeans are leaving us in the dust.

[opebo]

Actually, Bopeepo, a weaker dollar is helpful in terms or our exports to other nations; it can be a sign of economic growth.  The new jobs report should show that as well.

What you're saying, precisely, is that by lowering our standard of living, we become more competitive in the race for the cheapest labour.  How appealing!

The Europeans are leaving us in the dust.

Who is talking about a [/i]lower[/i] standard of living.  If our products sell more, because the are relatively cheeper, the sellers get more money.  The continue to employ workers and hire new workers.  Bopeepo[/i], this can be actually good for the economy.  A too stong dollar stifles employment and reduced wealth generation.

This boosts everything from farm sales to manufacturing.  It increases the amount of money availible and promotes lower interest rates.

And that money is worth less - no net gain.

[opebo]

Imagine the money one would've made if one had sold all one's dollars and bought Euros when Bush was elected in 2000!  Would someone care to calculate it?

[opebo]

Probably not nearly as much as selling of my Silver holdings (which were meager) when Carter was in office.

Ancient history! 

The issue today is - the US is in steep and rapid decline relative to Europe.   You should see these Europeans traipsing about Thailand - they're all rich due to the super-high Euro, and they all get 6 to 8 weeks vacation!   The typical American tourist is like a miserable penny-pincher by comparison.   Plus few get enough time off to actually go anywhere.  The difference in standard of living is truly amazing.

[opebo]

Flashback!  opedo is outted by jmfcst!

What? 

[opebo]

Oil will top $100.00 per barrel by the end of next year.

The dollar will continue to fall.  Our place at the top of the economic pyramid will continue to erode.

Soon we will join the ranks of other third world theocracies who find archaic ideas interfering with their ability to modernize and compete in the global marketplace.

We are headed for a big fall.

My advice is to buy gold, which has gone up from $250 and ounce to $430 and ounce in the last couple of years.


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LOL

He does have about 50 days for oil to shoot to 100 dollars and of course, the dollar could suddenly drop against the Euro.

This prediction is still hilarious.

Consider the source.

Actually the prediction wasn't far off.. what was the high for oil?  About $70/barrel?

[opebo]

He said will top 100$ which impilies that it will reach or go over 100$. It was only at 70$ for a brief moment. Gas is dropping like a rock around here, it's already down into the 2.20s here.

His prediction was a lot closer to reality than the status-quo.  And $2.20/gallon is horrible!  It only seems OK because they've already broken you in.

[opebo]

He said will top 100$ which impilies that it will reach or go over 100$. It was only at 70$ for a brief moment. Gas is dropping like a rock around here, it's already down into the 2.20s here.

His prediction was a lot closer to reality than the status-quo.  And $2.20/gallon is horrible!  It only seems OK because they've already broken you in.

Compard to the rest of the world 2.20 is tolerable.

Not really - here it is cheaper, and of course there is more public transport.  It is more expensive in Europe, of course, but the standard of living for workers is much higher there and they aren't stuck with car-ownership and commuting like Americans.

[opebo]

The correct level for gas right now, considering supply and demand factors is around $50 a barrel, which will translate into gas slightly right at about $2.00.

Regardless of your opinion of the 'correct' price for gas, Spade, the point is that the American working class is being priced out of its accustomed lifestyle of endless driving by two things - 1) declining wages and 2) gas prices steadily increasing in the long term. 

The fact that this lifestyle is a misery in and of itself is irrelevant, the politically relevant point is desperation.  Admittedly there is less desperation at $2.25/gallon than at $3.00 per gallon, but there is still a lot more than there was at $1.25/gallon.  Particularly when wages have not gone up in real terms in decades, while prices for housing and other necessities are increasing rapidly.