Channel 9 Forums - Coffeehouse - US Dolar sinks, what do you think? http://mschnlnine.vo.llnwd.net/d1/Dev/App_Themes/C9/images/feedimage.png Channel 9 Forums - Coffeehouse - US Dolar sinks, what do you think? http://channel9.msdn.com/Forums Channel 9 keeps you up to date with the latest news and behind the scenes info from Microsoft that developers love to keep up with. From LINQ to SilverLight – Watch videos and hear about all the cool technologies coming and the people behind them. http://channel9.msdn.com/Forums en Sat, 25 May 2013 07:37:29 GMT Sat, 25 May 2013 07:37:29 GMT Rev9 59 -59 -1 Coffeehouse - US Dolar sinks, what do you think?

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I think this is good for the world trade though, however, this will cause inflation, price will go up,
Bank can raise the interest to solve it, well, not that easily.
what do you think? People in EU and US?

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/250713#250713 Mon, 11 Dec 2006 13:55:47 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/250713#250713 Ping 59 http://channel9.msdn.com/Niners/Ping/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? I know very little about economics. However, as an EU resident, all I know is this: cheaper importing of DVD's.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/8d1b8e3e02ab43e6ba689dec00415c67#8d1b8e3e02ab43e6ba689dec00415c67 Mon, 11 Dec 2006 13:58:39 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/8d1b8e3e02ab43e6ba689dec00415c67#8d1b8e3e02ab43e6ba689dec00415c67 Bas 59 http://channel9.msdn.com/Niners/Bas/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
Bas wrote:
I know very little about economics. However, as an EU resident, all I know is this: cheaper importing of DVD's.

Yep Tongue Out

However, a weak dollar means that the Euro is relatively expensive which makes Europe a less attractive place to buy stuff so it hurts our export.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/81e2f293132d47c2a3be9dec00415c8f#81e2f293132d47c2a3be9dec00415c8f Mon, 11 Dec 2006 14:00:27 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/81e2f293132d47c2a3be9dec00415c8f#81e2f293132d47c2a3be9dec00415c8f Sven Groot 59 http://channel9.msdn.com/Niners/Sven Groot/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? Double post

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/89378b10126649d98f4b9dec00415cb8#89378b10126649d98f4b9dec00415cb8 Mon, 11 Dec 2006 14:02:02 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/89378b10126649d98f4b9dec00415cb8#89378b10126649d98f4b9dec00415cb8 Sven Groot 59 http://channel9.msdn.com/Niners/Sven Groot/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? That it is a deliberate plan by the US to get rid of the current massive deficit.

Also has nice spin-offs for US industry as all those cheap imports cease being cheap.

The biggest loser is like to be China, I would think.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/ac26933f05d6409e91c49dec00415ce1#ac26933f05d6409e91c49dec00415ce1 Mon, 11 Dec 2006 14:09:53 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/ac26933f05d6409e91c49dec00415ce1#ac26933f05d6409e91c49dec00415ce1 Tensor 59 http://channel9.msdn.com/Niners/Tensor/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? This teaches most people a important lesson: US dollar do change, we shouldn't buy US dollars in just for keep the price. The only stayble money is gold and silver.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/411664b981b24d0c82cc9dec00415d0a#411664b981b24d0c82cc9dec00415d0a Mon, 11 Dec 2006 14:26:00 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/411664b981b24d0c82cc9dec00415d0a#411664b981b24d0c82cc9dec00415d0a Ping 59 http://channel9.msdn.com/Niners/Ping/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
Sven Groot wrote:

Bas wrote: I know very little about economics. However, as an EU resident, all I know is this: cheaper importing of DVD's.

Yep

However, a weak dollar means that the Euro is relatively expensive which makes Europe a less attractive place to buy stuff so it hurts our export.


True, but due to my selfishness and my being completely oblivious to economies or the effects of decreased European export, I don't worry about that too much. The only way in which this noticably affects me is in lower prices for Region 1 DVD's. Wink

If only the 360 supported region free movie-playback...

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/3fbe5f4ddb1c475d8f9e9dec00415d35#3fbe5f4ddb1c475d8f9e9dec00415d35 Mon, 11 Dec 2006 14:30:45 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/3fbe5f4ddb1c475d8f9e9dec00415d35#3fbe5f4ddb1c475d8f9e9dec00415d35 Bas 59 http://channel9.msdn.com/Niners/Bas/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
Ping wrote:


This teaches most people a important lesson: US dollar do change, we shouldn't buy US dollars in just for keep the price. The only stayble money is gold and silver.



Even the price of gold fluctuates. Currency tneds to fluctuate more, but if it teaches us anything it is, dont put all your eggs in one basket.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/7a9e7a4256cf43e881e99dec00415d5f#7a9e7a4256cf43e881e99dec00415d5f Mon, 11 Dec 2006 14:44:19 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/7a9e7a4256cf43e881e99dec00415d5f#7a9e7a4256cf43e881e99dec00415d5f Tensor 59 http://channel9.msdn.com/Niners/Tensor/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? yeah, don't put all eggs in one basket, a country should have different countrie's currency.
This remind me of South Korea, they used to have this problem, and the whole country donate or sold their gold jewellery,
 well, they quite unite, and now they are strong.Smiley

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/2b08ec021c6640dc8a389dec00415d89#2b08ec021c6640dc8a389dec00415d89 Mon, 11 Dec 2006 14:54:04 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/2b08ec021c6640dc8a389dec00415d89#2b08ec021c6640dc8a389dec00415d89 Ping 59 http://channel9.msdn.com/Niners/Ping/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
Tensor wrote:
That it is a deliberate plan by the US to get rid of the current massive deficit.

Also has nice spin-offs for US industry as all those cheap imports cease being cheap.

The biggest loser is like to be China, I would think.



G.W. Bush Administration's plan: offload all responsibility for everything to anyone else.
 
I am officially embarrassed and I apologize.

China's (and Saudi's) massive trade imbalance with the USA is all offset with Treasury Bonds -- which means the USA has the ability to cheat them with currency games.

It is a shameful strategy that the Republicans will not apologize for.

I miss Bill.

FWIW, the US middle class will be greatly affected with inflation, which is the inevitable result of the weaker dollar, as you pointed out, Ping.

At least Wal-Mart is the biggest loser on the corporate side... yeah, they deserve it.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/4002fdf98877405ba7f19dec00415e0b#4002fdf98877405ba7f19dec00415e0b Mon, 11 Dec 2006 15:19:33 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/4002fdf98877405ba7f19dec00415e0b#4002fdf98877405ba7f19dec00415e0b JohnAskew 59 http://channel9.msdn.com/Niners/JohnAskew/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
JohnAskew wrote:

Tensor wrote: That it is a deliberate plan by the US to get rid of the current massive deficit.

Also has nice spin-offs for US industry as all those cheap imports cease being cheap.

The biggest loser is like to be China, I would think.



G.W. Bush Administration's plan: offload all responsibility for everything to anyone else.


I fail to see how this is Bush's fault. The President doesn't have much control over the economy. Since Bill was President in 2000 can I blame him for the dot.com bust? No, because he didn't have anything to do with it.

If you want to blame a President then put the blame on Roosevelt, he's the one who took us off the Gold Standard and allowed the banks to play games with our currency (it has its good and bad points).

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/7112cbc33b674b5c8f679dec00415e35#7112cbc33b674b5c8f679dec00415e35 Mon, 11 Dec 2006 16:04:23 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/7112cbc33b674b5c8f679dec00415e35#7112cbc33b674b5c8f679dec00415e35 Antitorgo 59 http://channel9.msdn.com/Niners/Antitorgo/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? Don't wind this thread into a political debate. Move along.
C

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/c1ccb8b7540d44c09b579dec00415e5f#c1ccb8b7540d44c09b579dec00415e5f Mon, 11 Dec 2006 17:53:51 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/c1ccb8b7540d44c09b579dec00415e5f#c1ccb8b7540d44c09b579dec00415e5f Charles 59 http://channel9.msdn.com/Niners/Charles/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? Having a weak dollar could cause some pretty large world economy issues. Comparing the dollar to the Pound Sterling shows that Britain will not be a good place to export from as the US will not want to buy so expensively, this could have a bad effect on some industries; but cheaper imports are nice. Tongue Out

Gold tends to move in cycles, I know a few people who have invested in gold, it can be fairly good for a steady earner if you know the market well enough.

Lots of people in the UK are now investing in wines, etc. as this can be a good store of money, and even bring quite a large turnover when sold. The problem is that for one to be able to invest properly in wine, one needs a proper wine cellar as the real wine investments come in barrels, not bottles. (This is as/more true for whisky.)

It is a very interesting issue though.

Angus Higgins

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/a4e597f5e58c465aaa159dec00415e8b#a4e597f5e58c465aaa159dec00415e8b Mon, 11 Dec 2006 18:21:26 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/a4e597f5e58c465aaa159dec00415e8b#a4e597f5e58c465aaa159dec00415e8b Angus 59 http://channel9.msdn.com/Niners/Angus/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
Antitorgo wrote:
 Roosevelt, he's the one who took us off the Gold Standard and allowed the banks to play games with our currency.


I remember Richard M. Nixon doing this in 1972.
 
Roosevelt?

No politics, ok, Charles.
This is simply an error correction, imho.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/ff600663d58f4616b40c9dec00415eb4#ff600663d58f4616b40c9dec00415eb4 Mon, 11 Dec 2006 18:27:42 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/ff600663d58f4616b40c9dec00415eb4#ff600663d58f4616b40c9dec00415eb4 JohnAskew 59 http://channel9.msdn.com/Niners/JohnAskew/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
Ping wrote:


This teaches most people a important lesson: US dollar do change, we shouldn't buy US dollars in just for keep the price. The only stayble money is gold and silver.



Until recently, China held it's currency in step with the dollar and did so artificially.  This allowed chinese imports to be cheaper than US products.  But it also gave chinese investors some pretty strange expectations of the value of the US$.

All money fluctuates in value over time.  If you want to make a profit, buy when the dollar is low vs. the yuan and sell when the dollar is high. 


]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/b021877017dd4928bf989dec00415ede#b021877017dd4928bf989dec00415ede Mon, 11 Dec 2006 18:35:12 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/b021877017dd4928bf989dec00415ede#b021877017dd4928bf989dec00415ede ScanIAm 59 http://channel9.msdn.com/Niners/ScanIAm/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
JohnAskew wrote:

Antitorgo wrote:  Roosevelt, he's the one who took us off the Gold Standard and allowed the banks to play games with our currency.


I remember Richard M. Nixon doing this in 1972.
 
Roosevelt?

No politics, ok, Charles.
This is simply an error correction, imho.


http://en.wikipedia.org/wiki/Bretton_Woods_system

Sweden abandoned the gold standard in 1929, the US in 1933, and other nations were, to one degree or another, forced off the gold standard.

Nixon's edict was to no longer allow dollars be converted to US gold reserves.

I see now and stand corrected.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/471b609c23a643ce96a19dec00415f08#471b609c23a643ce96a19dec00415f08 Mon, 11 Dec 2006 18:47:23 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/471b609c23a643ce96a19dec00415f08#471b609c23a643ce96a19dec00415f08 JohnAskew 59 http://channel9.msdn.com/Niners/JohnAskew/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? Gold Standard, Silver Standard, Oil Standard, or Pokemon standard, having your money depend on a supply of stuff is pointless until the entire rest of the world does the same.  Further, what happens when you discover a huge cache of Gold?  Is all the currency suddenly worth less?  or more? 

The underlying bargain of currency is labor and so when countries are willing to trade their labor for less, they sell more of that labor.  Westernized economies act like they are removed from this process because we get paid by managing the labor of others, but ultimately the world runs on labor.

I propose a new world monetary standard called the "kilocalorie" Smiley

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/7ce0c4cfdf9548868d639dec00415f33#7ce0c4cfdf9548868d639dec00415f33 Mon, 11 Dec 2006 18:48:18 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/7ce0c4cfdf9548868d639dec00415f33#7ce0c4cfdf9548868d639dec00415f33 ScanIAm 59 http://channel9.msdn.com/Niners/ScanIAm/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
ScanIAm wrote:
I propose a new world monetary standard called the "kilocalorie"


I second the motion.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/31adf78c46364716a24a9dec00415f5a#31adf78c46364716a24a9dec00415f5a Mon, 11 Dec 2006 18:50:15 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/31adf78c46364716a24a9dec00415f5a#31adf78c46364716a24a9dec00415f5a JohnAskew 59 http://channel9.msdn.com/Niners/JohnAskew/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? Ohh. It's sinking again... It's very low already. *thinking to change the prices for his ORM to €*

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/ebd95f2b070e414aaf4b9dec00415f83#ebd95f2b070e414aaf4b9dec00415f83 Mon, 11 Dec 2006 20:20:28 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/ebd95f2b070e414aaf4b9dec00415f83#ebd95f2b070e414aaf4b9dec00415f83 Christian Liensberger 59 http://channel9.msdn.com/Niners/littleguru/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
JohnAskew wrote:

ScanIAm wrote: I propose a new world monetary standard called the "kilocalorie"


I second the motion.


Ah but over here we'll have to use the Joule. BEfore you know it there will be a market in selling calories for Joules and vice versa, and those damn economists will be breaking the laws of thermodynamics.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/e6c3afb60d3540a285359dec00415fae#e6c3afb60d3540a285359dec00415fae Mon, 11 Dec 2006 21:13:17 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/e6c3afb60d3540a285359dec00415fae#e6c3afb60d3540a285359dec00415fae Tensor 59 http://channel9.msdn.com/Niners/Tensor/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
Tensor wrote:

JohnAskew wrote: 
ScanIAm wrote: I propose a new world monetary standard called the "kilocalorie"


I second the motion.


Ah but over here we'll have to use the Joule. BEfore you know it there will be a market in selling calories for Joules and vice versa, and those damn economists will be breaking the laws of thermodynamics.


Hey, what about a web site for trading methane emission credits?

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/d97460111caa4b64a9539dec00415fd8#d97460111caa4b64a9539dec00415fd8 Tue, 12 Dec 2006 02:10:33 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/d97460111caa4b64a9539dec00415fd8#d97460111caa4b64a9539dec00415fd8 JohnAskew 59 http://channel9.msdn.com/Niners/JohnAskew/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
JohnAskew wrote:

Tensor wrote: 
JohnAskew wrote: 
ScanIAm wrote: I propose a new world monetary standard called the "kilocalorie"


I second the motion.


Ah but over here we'll have to use the Joule. BEfore you know it there will be a market in selling calories for Joules and vice versa, and those damn economists will be breaking the laws of thermodynamics.


Hey, what about a web site for trading methane emission credits?


Come to Taco Bell with me and I'll give you some of those for free!  Tongue Out

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/95f2cd844de8469485d59dec00416004#95f2cd844de8469485d59dec00416004 Tue, 12 Dec 2006 03:54:15 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/95f2cd844de8469485d59dec00416004#95f2cd844de8469485d59dec00416004 JonathonW 59 http://channel9.msdn.com/Niners/CannotResolveSymbol/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? Why is it falling? Is it because of the Chinese and the EU?, or because US is melting into the new NAU?

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/09d0093f7aea474882429dec0041602d#09d0093f7aea474882429dec0041602d Tue, 12 Dec 2006 04:25:20 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/09d0093f7aea474882429dec0041602d#09d0093f7aea474882429dec0041602d SecretSoftware 59 http://channel9.msdn.com/Niners/SecretSoftware/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
SecretSoftware wrote:


Why is it falling? Is it because of the Chinese and the EU?, or because US is melting into the new NAU?




Factors are the drop in the price of oil, the anti-Middle-Eastern attitude Congress showed (at the USA citizens' request) in demanding the Dubai government not run USA port security.

OPEC nations are hesitant to invest in the USA now. 

OPEC is 2.5 times more of USA trade deficit than China, though China's trade surplus with the USA is still growing.

This means fewer buyers of dollars, namely, OPEC.

The dominant factor is the oil trade deficit of the USA's.

Many argue that OPEC has artificially propped up the value of the dollar since the 1970s, and that it is a good thing this is happening. 

It makes US goods cheaper overseas, and imported goods more expensive in the USA. While this should help productivity in the US, it may ignite an inflationary trend -- which will really hit the middle class hard.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/2f8cc28425c4455c95a09dec00416058#2f8cc28425c4455c95a09dec00416058 Tue, 12 Dec 2006 15:30:13 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/2f8cc28425c4455c95a09dec00416058#2f8cc28425c4455c95a09dec00416058 JohnAskew 59 http://channel9.msdn.com/Niners/JohnAskew/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
SecretSoftware wrote:


Why is it falling? Is it because of the Chinese and the EU?, or because US is melting into the new NAU?



The whole world is dependant on US Dollar too much, It's just like some one is relying on Caffeine, a little less is good for the health, although the person don't feel fine because of that.
 I believe this situation can help the world trade healthy grow.Tongue Out

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/e9445487e75541bcaa059dec00416082#e9445487e75541bcaa059dec00416082 Tue, 12 Dec 2006 15:51:15 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/e9445487e75541bcaa059dec00416082#e9445487e75541bcaa059dec00416082 Ping 59 http://channel9.msdn.com/Niners/Ping/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
Ping wrote:

I believe this situation can help the world trade healthy grow.


Absolutely. When the U.S. was screwing us(Canada) over softwood lumber we just started talks with places like China to open new markets Smiley

Things change.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/246fdeaa96da4ca7adde9dec004160ac#246fdeaa96da4ca7adde9dec004160ac Tue, 12 Dec 2006 16:28:35 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/246fdeaa96da4ca7adde9dec004160ac#246fdeaa96da4ca7adde9dec004160ac Harlequin 59 http://channel9.msdn.com/Niners/Harlequin/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? Hi,
    There is an interesting Article in Free Market News, dealing with stocks and currency. In it , there is an announcement that US dollar is crashing:

Article Wrote wrote:

It’s official. Mark your calendars. The crash of the U.S. economy has begun. It was announced the morning of Wednesday, June 13, 2007, by economic writers Steven Pearlstein and Robert Samuelson in the pages of the Washington Post, one of the foremost house organs of the U.S. monetary elite. Pearlstein’s column was titled, “The Takeover Boom, About to Go Bust” and concerned the extraordinary amount of debt vs. operating profits of companies currently subject to leveraged buyouts. -Global Research



There is a link to original article. Why is this happening now? They claim that it is because China holds trillions of dollars in US national debt. And in other related articles, there is talk that certain countries have plans to stop using the US Dollar as a currency for business, and that this will collapse the US Dollar.


The announcement was made in the Washington Post by top economists in the US.

what does this mean for ordinary citizens in the US? Why is the US economy facing collapse?

There is a move by investors in the Asian Markets to trade in Gold, and precious metals, and to abandon the US dollar. But what are the consequences of this to the world and to US dominance in the World?

We certainly live in changed times. I can smell it in the air, I can taste it in the water, I can feel it in the winds.

What ever will happen, I hope the guys in the US Fed , find a solution to this.

Save the Titanic from sinking.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/c7d966e6231a46d4b3da9dec004160db#c7d966e6231a46d4b3da9dec004160db Fri, 15 Jun 2007 20:45:22 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/c7d966e6231a46d4b3da9dec004160db#c7d966e6231a46d4b3da9dec004160db SecretSoftware 59 http://channel9.msdn.com/Niners/SecretSoftware/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? I certainly dont mind the lower dollar as an EU citizen. Have been ordering a lot of books / cd's from amazon.com lately, even with the postage charges, it's still a lot cheaper than here in the EU.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/f340170b29d04cf2add69dec00416104#f340170b29d04cf2add69dec00416104 Fri, 15 Jun 2007 22:47:41 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/f340170b29d04cf2add69dec00416104#f340170b29d04cf2add69dec00416104 ewschone 59 http://channel9.msdn.com/Niners/ewschone/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? I wonder when the petro markets will move off the dollar.  For many years now, you had to buy dollars to be able to trade oil.  I think the Russians moved theirs to the ruble.  Smart move.

The amount of US public debt owned by foreign countries is staggering.  I wonder if that is starting to sink in or not.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/05a560cc98474a839ab49dec0041612e#05a560cc98474a839ab49dec0041612e Sat, 16 Jun 2007 00:58:47 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/05a560cc98474a839ab49dec0041612e#05a560cc98474a839ab49dec0041612e DoomBringer 59 http://channel9.msdn.com/Niners/DoomBringer/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
DoomBringer wrote:
I wonder when the petro markets will move off the dollar.  For many years now, you had to buy dollars to be able to trade oil.  I think the Russians moved theirs to the ruble.  Smart move.

The amount of US public debt owned by foreign countries is staggering.  I wonder if that is starting to sink in or not.


The US monetary system is collapsing in on itself. The New temporary currency for Oil Trade is the Euro, but that is not going to stay for long.

The people will have to go back to trading goods, in Gold or precious metals, or petrol.


There is no question that US Economy is collapsing. You can feel it in the Asian markets.

That is why Asian , and especially Chinese currency is going to be dominant.


]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/cc8cb5b7992e4cfda8199dec0041615a#cc8cb5b7992e4cfda8199dec0041615a Sat, 16 Jun 2007 01:17:09 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/cc8cb5b7992e4cfda8199dec0041615a#cc8cb5b7992e4cfda8199dec0041615a SecretSoftware 59 http://channel9.msdn.com/Niners/SecretSoftware/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? As there's a fixed exchange rate between HKD and USD, it means this could be a good time for me to travel. Cool

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/03959810098d40ecb1199dec00416182#03959810098d40ecb1199dec00416182 Sat, 16 Jun 2007 03:03:35 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/03959810098d40ecb1199dec00416182#03959810098d40ecb1199dec00416182 cheong 59 http://channel9.msdn.com/Niners/cheong/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?

The dollar's decline: from symbol of hegemony to shunned currency


And

Saudi minister warns of dollar collapse



]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/dc37afbc26084518aec09dec004161ab#dc37afbc26084518aec09dec004161ab Sun, 18 Nov 2007 02:24:43 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/dc37afbc26084518aec09dec004161ab#dc37afbc26084518aec09dec004161ab SecretSoftware 59 http://channel9.msdn.com/Niners/SecretSoftware/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
SecretSoftware wrote:


Why is it falling? Is it because of the Chinese and the EU?, or because US is melting into the new NAU?



Well, the business reports over here in the UK seem to point to the 'credit crisis' with so many Americans defaulting on mortgages and having a knock-on effect on the banks willingness to lend to each other.
 It's having an impact on the UK by contributing to increased inflation.  We've already seen the first 'run' on a bank in 100 years (Northern Rock), which was due to the intra-bank lending drying up.

The next two or three years could see the start of a UK recession -- we've been pretty lucky over the last 15 years but it looks like our luck is running out.  I think too many people (UK and USA) have seen credit and a bottomless well of money and now it's going to be a shock when it starts to run dry.

Thankfully, I've only got a mortgage and no other credit -- and the equity in our home is over 30%. I don't think much will change for me.

Herbie

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/634d20d3451740f882319dec004161d7#634d20d3451740f882319dec004161d7 Sun, 18 Nov 2007 09:50:20 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/634d20d3451740f882319dec004161d7#634d20d3451740f882319dec004161d7 Herbie Smith 59 http://channel9.msdn.com/Niners/Dr Herbie/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
Siyavash wrote:

Dr Herbie wrote:
Thankfully, I've only got a mortgage and no other credit -- and the equity in our home is over 30%. I don't think much will change for me.


unless you go out of job due to recession... happened to me around 2001 when the bubble burst... wasn't fun... wasn't fun at all.



I think I'd survive -- I can get pretty much any office job to get the mortgage paid.  Not that it's likely I'll be made redundant -- the small company I work for has never made anyone redundant in 25 years.

If it comes to it, I'd even stoop to being a consultant Wink

Herbie

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/5c711ea61ec44d979a259dec00416203#5c711ea61ec44d979a259dec00416203 Sun, 18 Nov 2007 12:35:06 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/5c711ea61ec44d979a259dec00416203#5c711ea61ec44d979a259dec00416203 Herbie Smith 59 http://channel9.msdn.com/Niners/Dr Herbie/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? I live in Hong Kong. Since HKD has fixed exchange rate to USD, I think my thought also applies in other countries.

This is a related thought, I've established RMB account years ago. Each time RMB exchange rate raises, I treat it as bank interest. Wink

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/55549dc789224b78a30f9dec0041622b#55549dc789224b78a30f9dec0041622b Mon, 19 Nov 2007 04:22:57 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/55549dc789224b78a30f9dec0041622b#55549dc789224b78a30f9dec0041622b cheong 59 http://channel9.msdn.com/Niners/cheong/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? David Walker, comptroller general of the US: US facing bankruption, and ultimate collapse.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/0d3d1f81727c46ffa3919dec00416253#0d3d1f81727c46ffa3919dec00416253 Tue, 20 Nov 2007 01:32:45 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/0d3d1f81727c46ffa3919dec00416253#0d3d1f81727c46ffa3919dec00416253 SecretSoftware 59 http://channel9.msdn.com/Niners/SecretSoftware/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? It's sinking for a number of reasons.

Federal defecit, low interest rates, credit crisis,  CDO/CDS debt backed securities trend, real-estate bubble, oil prices.

Combine all of those issues which each in itself can become a problem if not managed properly and you have a really big problem.

Current Outlook:  Stormy.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/a746fe53d445402a8e659dec0041627c#a746fe53d445402a8e659dec0041627c Tue, 20 Nov 2007 02:03:14 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/a746fe53d445402a8e659dec0041627c#a746fe53d445402a8e659dec0041627c phreaks 59 http://channel9.msdn.com/Niners/phreaks/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
phreaks wrote:


It's sinking for a number of reasons.

Federal defecit, low interest rates, credit crisis,  CDO/CDS debt backed securities trend, real-estate bubble, oil prices.

Combine all of those issues which each in itself can become a problem if not managed properly and you have a really big problem.

Current Outlook:  Stormy.



NO. Its sinking because the Military, namely the Pentagon, spend all of that money on "Star wars" like equipment, that costs trillions of dollars.

The stuff you sight would not have lead to the collapse of the dollar, rather it is the massive military spending, that  Rumsfield did to transformed the Armed forces of the USA to the 21 century challenges.

This massive spending, is equal to all the world's military spending 400 times.

They tell you that the credit crisis is to blame but its not. its the military spending that broke the back of the economy.

Interestingly enough, that is how the Roman Empire collapsed, if you read history.

My $0.02

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/9d72c4b1ade44e098fa29dec004162a8#9d72c4b1ade44e098fa29dec004162a8 Tue, 20 Nov 2007 02:06:43 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/9d72c4b1ade44e098fa29dec004162a8#9d72c4b1ade44e098fa29dec004162a8 SecretSoftware 59 http://channel9.msdn.com/Niners/SecretSoftware/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
SecretSoftware wrote:

phreaks wrote:


It's sinking for a number of reasons.

Federal defecit, low interest rates, credit crisis,  CDO/CDS debt backed securities trend, real-estate bubble, oil prices.

Combine all of those issues which each in itself can become a problem if not managed properly and you have a really big problem.

Current Outlook:  Stormy.


NO. Its sinking because the Military, namely the Pentagon, spend all of that money on "Star wars" like equipment, that costs trillions of dollars.

The stuff you sight would not have lead to the collapse of the dollar, rather it is the massive military spending, that  Rumsfield did to transformed the Armed forces of the USA to the 21 century challenges.

This massive spending, is equal to all the world's military spending 400 times.

They tell you that the credit crisis is to blame but its not. its the military spending that broke the back of the economy.

Interestingly enough, that is how the Roman Empire collapsed, if you read history.

My $0.02


Ok, whatever you say. You obviously have a Harvard MBA in economics and are savvy enough to make the call that the others simply aren't seeing.

You must be a financial genius.

If I were allowed to hold stocks, I would certainly want you managing my money!

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/8579e14fd7eb4597823c9dec004162d5#8579e14fd7eb4597823c9dec004162d5 Tue, 20 Nov 2007 02:22:18 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/8579e14fd7eb4597823c9dec004162d5#8579e14fd7eb4597823c9dec004162d5 phreaks 59 http://channel9.msdn.com/Niners/phreaks/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
SecretSoftware wrote:
NO. Its sinking because the Military, namely the Pentagon, spend all of that money on "Star wars" like equipment, that costs trillions of dollars.

Sorry, but doesn't "a government willing to spend money" favours economy?

When the governemt "pours money" to the local citizens, they get more income and then 1) more willing to spend money on other things 2) get more money means more income tax to the government. It was said to be a way to initate a positive monetary influrance to the country.

Although I agree there'd be better effect if money is spent on other things closely related to the public.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/af90a06660644466b65d9dec00416331#af90a06660644466b65d9dec00416331 Tue, 20 Nov 2007 02:31:29 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/af90a06660644466b65d9dec00416331#af90a06660644466b65d9dec00416331 cheong 59 http://channel9.msdn.com/Niners/cheong/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
phreaks wrote:

SecretSoftware wrote:

phreaks wrote:


It's sinking for a number of reasons.

Federal defecit, low interest rates, credit crisis,  CDO/CDS debt backed securities trend, real-estate bubble, oil prices.

Combine all of those issues which each in itself can become a problem if not managed properly and you have a really big problem.

Current Outlook:  Stormy.


NO. Its sinking because the Military, namely the Pentagon, spend all of that money on "Star wars" like equipment, that costs trillions of dollars.

The stuff you sight would not have lead to the collapse of the dollar, rather it is the massive military spending, that  Rumsfield did to transformed the Armed forces of the USA to the 21 century challenges.

This massive spending, is equal to all the world's military spending 400 times.

They tell you that the credit crisis is to blame but its not. its the military spending that broke the back of the economy.

Interestingly enough, that is how the Roman Empire collapsed, if you read history.

My $0.02


Ok, whatever you say. You obviously have a Harvard MBA in economics and are savvy enough to make the call that the others simply aren't seeing.

You must be a financial genius.

If I were allowed to hold stocks, I would certainly want you managing my money!


I am just giving people what I see and what I hear. I don't want anyone to loose their financial assets because of the lunacy and bad choices that Bush Admin Made.

Be safe, Be smart, Be adaptable to market changes.

Interestingly , please see  this YT video. It talks about PUT options.

Invest your money in Chinese and Asian Markets, or Europe. Because China will be the financial center of the world, for the years to come.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/5e5249a92e0844cbad579dec00416307#5e5249a92e0844cbad579dec00416307 Tue, 20 Nov 2007 02:32:23 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/5e5249a92e0844cbad579dec00416307#5e5249a92e0844cbad579dec00416307 SecretSoftware 59 http://channel9.msdn.com/Niners/SecretSoftware/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
cheong wrote:

SecretSoftware wrote:
NO. Its sinking because the Military, namely the Pentagon, spend all of that money on "Star wars" like equipment, that costs trillions of dollars.

Sorry, but doesn't "a government willing to spend money" favours economy?

When the governemt "pours money" to the local citizens, they get more income and then 1) more willing to spend money on other things 2) get more money means more income tax to the government. It was said to be a way to initate a positive monetary influrance to the country.

Although I agree there'd be better effect if money is spent on other things closely related to the public.


Well, if you pour money, and liquidity is high, the value of the dollar will be less, because its abundant.

Its a sword with 2 edges. Tax cuts can be good, but if not employed in a good way it can destroy an economy, and break the system, like what we have seen.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/4a635780ba79428099409dec0041635d#4a635780ba79428099409dec0041635d Tue, 20 Nov 2007 02:35:32 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/4a635780ba79428099409dec0041635d#4a635780ba79428099409dec0041635d SecretSoftware 59 http://channel9.msdn.com/Niners/SecretSoftware/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? http://seekingalpha.com/

Hint: The go-to site for financial & economic opinion.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/97c6093b75fa49ed8af09dec00416386#97c6093b75fa49ed8af09dec00416386 Tue, 20 Nov 2007 18:45:36 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/97c6093b75fa49ed8af09dec00416386#97c6093b75fa49ed8af09dec00416386 phreaks 59 http://channel9.msdn.com/Niners/phreaks/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
phreaks wrote:
http://seekingalpha.com/

Hint: The go-to site for financial & economic opinion.


Thanks.

Here is an updated openion on what is happening:

Fiscal Crisis 2007 - The dollar slips away -Nov 19 2007

It does not look very good.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/9402f2d199f649a5a8759dec004163b0#9402f2d199f649a5a8759dec004163b0 Tue, 20 Nov 2007 20:54:37 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/9402f2d199f649a5a8759dec004163b0#9402f2d199f649a5a8759dec004163b0 SecretSoftware 59 http://channel9.msdn.com/Niners/SecretSoftware/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?

Nah, it is just a natural economic cycle. It is hard to agree on this. But a professor of mine once said that that the economic success is not done by President; he is only lucky to be on the growing cycle.

 

Anyway, you can’t have a saturated currency or saturated stock market. And lower currency is actually lower international debt if the amount is based on US dollar. And currency inflation also lowers the actual federal debt. Just that you can’t do that too much because people will lose faith in currency and economy.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/285f922484a44cf09f269dec004163db#285f922484a44cf09f269dec004163db Tue, 20 Nov 2007 22:59:30 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/285f922484a44cf09f269dec004163db#285f922484a44cf09f269dec004163db magicalclick 59 http://channel9.msdn.com/Niners/magicalclick/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? It appears that even rappers are abandoning the Dollar for the Euro as their official "bling" currency (though a friend suggests it is more likely due to drug traffickers preferring the higher denomination Euros for ease of transport, than to any sort of political protest or economic stability factor).

http://news.independent.co.uk/world/americas/article3169653.ece

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/3e107c917fca43bdb4f69dec00416405#3e107c917fca43bdb4f69dec00416405 Tue, 20 Nov 2007 23:33:09 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/3e107c917fca43bdb4f69dec00416405#3e107c917fca43bdb4f69dec00416405 DCMonkey 59 http://channel9.msdn.com/Niners/DCMonkey/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
Tensor wrote:
That it is a deliberate plan by the US[citation needed] to get rid of the current massive deficit.

Also has nice spin-offs for US industry as all those cheap imports cease being cheap.

The biggest loser is like to be China[citation needed], I would think.


Ping wrote:
yeah, don't put all eggs in one basket, a country should have different countrie's currency.


They do.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/2eed299fc810438091519dec0041642e#2eed299fc810438091519dec0041642e Wed, 21 Nov 2007 00:24:39 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/2eed299fc810438091519dec0041642e#2eed299fc810438091519dec0041642e evildictaitor 59 http://channel9.msdn.com/Niners/evildictaitor/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
ScanIAm wrote:
Gold Standard, Silver Standard, Oil Standard, or Pokemon standard, having your money depend on a supply of stuff is pointless until the entire rest of the world does the same.

That's what the Gold standard was. Everyone traded items for Gold, so Gold was the universal currency.[/quote]

ScanIAm wrote:
Further, what happens when you discover a huge cache of Gold?  Is all the currency suddenly worth less?  or more?

Then you suddenly get a great deal richer, but it causes inflation. That's what inflation is.


ScanIAm wrote:
The underlying bargain of currency is labor and so when countries are willing to trade their labor for less, they sell more of that labor.  Westernized economies act like they are removed from this process because we get paid by managing the labor of others, but ultimately the world runs on labor.

Not all labour is equivilent in value. That is why we use a unified currency system (currently the dollar, previously gold).

ScanIAm wrote:
I propose a new world monetary standard called the "kilocalorie"

It's called a manhour and is used internally quite a lot.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/e6b3358726694a9fbd709dec0041645c#e6b3358726694a9fbd709dec0041645c Wed, 21 Nov 2007 00:30:56 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/e6b3358726694a9fbd709dec0041645c#e6b3358726694a9fbd709dec0041645c evildictaitor 59 http://channel9.msdn.com/Niners/evildictaitor/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
Ping wrote:


what do you think? People in EU and US?



that this is the perfect time to invest in chocolate dollars!

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/5b10de4bcde7406a90549dec00416485#5b10de4bcde7406a90549dec00416485 Wed, 21 Nov 2007 03:03:53 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/5b10de4bcde7406a90549dec00416485#5b10de4bcde7406a90549dec00416485 YearOfTheLinuxDesktop 59 http://channel9.msdn.com/Niners/YearOfTheLinuxDesktop/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
ScanIAm wrote:

Yes, but most people don't realize that this is how it works.  They think that a 5 dollar stepstool at Walmart is a value.  It's actually 5 dollars worth of labor from someone.



Getting off topic a little, but:

No, no, no.  First rule of sales : the price of something is unrelated to the cost of it's production, it is set at the value customers are willing to pay.

Herbie

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/9e7c26229c21454895119dec004164e5#9e7c26229c21454895119dec004164e5 Wed, 21 Nov 2007 05:53:01 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/9e7c26229c21454895119dec004164e5#9e7c26229c21454895119dec004164e5 Herbie Smith 59 http://channel9.msdn.com/Niners/Dr Herbie/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
evildictaitor wrote:

ScanIAm wrote:
Gold Standard, Silver Standard, Oil Standard, or Pokemon standard, having your money depend on a supply of stuff is pointless until the entire rest of the world does the same.

That's what the Gold standard was. Everyone traded items for Gold, so Gold was the universal currency.


Really?  I didn't realize that's what the gold standard referred to.

Actually, I did.
evildictaitor"
ScanIAm wrote:
Further, what happens when you discover a huge cache of Gold?  Is all the currency suddenly worth less? or more?

Then you suddenly get a great deal richer, but it causes inflation. That's what inflation is.

[/quote]
Again, I learn infinite amounts of new knowledge from your links.

Seriously, I wasn't just pulling this out of my a$$.
[quote user="evildictaitor wrote:


ScanIAm wrote:
The underlying bargain of currency is labor and so when countries are willing to trade their labor for less, they sell more of that labor.  Westernized economies act like they are removed from this process because we get paid by managing the labor of others, but ultimately the world runs on labor.

Not all labour is equivilent in value. That is why we use a unified currency system (currently the dollar, previously gold).


You missed the point.  Gold is just a way to hold the labor of the past in a compressed form.  Resources are worthless, by themselves.  It is the effort it takes to harvest them that makes them worth something.  Precious metals and stones are given an artificial value based on the desire of wealthy people to desire them, but the value they give to those items comes from money that was created, again, by labor.

Money is the physical manifestation of labor.
evildictaitor wrote:

ScanIAm wrote:
I propose a new world monetary standard called the "kilocalorie"

It's called a manhour and is used internally quite a lot.


Yes, but most people don't realize that this is how it works.  They think that a 5 dollar stepstool at Walmart is a value.  It's actually 5 dollars worth of labor from someone.

Edit: C9 editing is so f*cked up that I gave up trying to figure out why this post didn't format correctly.

Perhaps it would be better if you didn't try to interpret the quoting, but instead, just placed it on the post directly.  Seriously, the quote icons aren't helping anyone, and they are apparently screwing up the formatting.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/2ac0575fea6f4f4895369dec004164bc#2ac0575fea6f4f4895369dec004164bc Wed, 21 Nov 2007 05:56:23 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/2ac0575fea6f4f4895369dec004164bc#2ac0575fea6f4f4895369dec004164bc ScanIAm 59 http://channel9.msdn.com/Niners/ScanIAm/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
Dr Herbie wrote:

ScanIAm wrote:

Yes, but most people don't realize that this is how it works.  They think that a 5 dollar stepstool at Walmart is a value.  It's actually 5 dollars worth of labor from someone.


Getting off topic a little, but:

No, no, no.  First rule of sales : the price of something is unrelated to the cost of it's production, it is set at the value customers are willing to pay.

Herbie


true dat

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/3d31a7a121214055a3169dec0041650f#3d31a7a121214055a3169dec0041650f Wed, 21 Nov 2007 06:04:59 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/3d31a7a121214055a3169dec0041650f#3d31a7a121214055a3169dec0041650f phreaks 59 http://channel9.msdn.com/Niners/phreaks/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
Dr Herbie wrote:

ScanIAm wrote:

Yes, but most people don't realize that this is how it works.  They think that a 5 dollar stepstool at Walmart is a value.  It's actually 5 dollars worth of labor from someone.


Getting off topic a little, but:

No, no, no.  First rule of sales : the price of something is unrelated to the cost of it's production, it is set at the value customers are willing to pay.

Herbie


The product costs x amount based on what the manufacturer pays to make it plus the markup.  If the retailer sells it for more, then the difference is the labor of the sales dept, marketing, etc.

It's all labor, but labor is defined by each step along the way until you purchase it.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/eddc29f6b17b425c86139dec00416541#eddc29f6b17b425c86139dec00416541 Wed, 21 Nov 2007 06:07:38 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/eddc29f6b17b425c86139dec00416541#eddc29f6b17b425c86139dec00416541 ScanIAm 59 http://channel9.msdn.com/Niners/ScanIAm/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
ScanIAm wrote:

Dr Herbie wrote:

ScanIAm wrote:

Yes, but most people don't realize that this is how it works.  They think that a 5 dollar stepstool at Walmart is a value.  It's actually 5 dollars worth of labor from someone.


Getting off topic a little, but:

No, no, no.  First rule of sales : the price of something is unrelated to the cost of it's production, it is set at the value customers are willing to pay.

Herbie


The product costs x amount based on what the manufacturer pays to make it plus the markup.  If the retailer sells it for more, then the difference is the labor of the sales dept, marketing, etc.

It's all labor, but labor is defined by each step along the way until you purchase it.


Not exactly, but anyway
.. And Services.... ?

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/53fb13a3a4af4fc991179dec0041656d#53fb13a3a4af4fc991179dec0041656d Wed, 21 Nov 2007 06:10:06 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/53fb13a3a4af4fc991179dec0041656d#53fb13a3a4af4fc991179dec0041656d phreaks 59 http://channel9.msdn.com/Niners/phreaks/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
phreaks wrote:

ScanIAm wrote:

Dr Herbie wrote:

ScanIAm wrote:

Yes, but most people don't realize that this is how it works.  They think that a 5 dollar stepstool at Walmart is a value.  It's actually 5 dollars worth of labor from someone.


Getting off topic a little, but:

No, no, no.  First rule of sales : the price of something is unrelated to the cost of it's production, it is set at the value customers are willing to pay.

Herbie


The product costs x amount based on what the manufacturer pays to make it plus the markup.  If the retailer sells it for more, then the difference is the labor of the sales dept, marketing, etc.

It's all labor, but labor is defined by each step along the way until you purchase it.


Not exactly, but anyway
.. And Services.... ?


Services are labor.

Think about it this way:  Gasoline is free.  It exists in the ground, and if you had a magical fairy who would pull it up out of the ground and refine it for you, you'd have free gas.

But, the reality is that someone has to drill for it, refine it, and ship it to you.   Those costs are labor and they add up to the amount that you pay for gas.

Services are the same.  You are paying for someone to provide that service through their labor.  Or, they are providing that service by leveraging the labor of someone else.  Their ability to leverage that labor is their own labor and that is what you are paying for.

Name me one purchased product, service, or whatever, and I guarantee that you can find the sub-pieces that are based on labor.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/cc4dfa72b62f4acf83899dec0041659f#cc4dfa72b62f4acf83899dec0041659f Wed, 21 Nov 2007 06:17:26 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/cc4dfa72b62f4acf83899dec0041659f#cc4dfa72b62f4acf83899dec0041659f ScanIAm 59 http://channel9.msdn.com/Niners/ScanIAm/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
ScanIAm wrote:

Dr Herbie wrote:

ScanIAm wrote:

Yes, but most people don't realize that this is how it works.  They think that a 5 dollar stepstool at Walmart is a value.  It's actually 5 dollars worth of labor from someone.


Getting off topic a little, but:

No, no, no.  First rule of sales : the price of something is unrelated to the cost of it's production, it is set at the value customers are willing to pay.

Herbie


The product costs x amount based on what the manufacturer pays to make it plus the markup.  If the retailer sells it for more, then the difference is the labor of the sales dept, marketing, etc.

It's all labor, but labor is defined by each step along the way until you purchase it.


Most salesmen I've talked to about this say:

'Product will sell for X amount (based on research and experience and guesswork), and is estimated to cost Y to produce. 

If X-Y < threshold then we won't bother with that product.
If X-Y >= threshold then we will proceed.'

It's all in the phrase 'what the market will bear' which I've heard bandied about by sales types.
Basically: it doesn't matter how good the product is, if the public aren't willing to pay more than it cost to manufacture, it will not get made. Cost is only a factor in profit, not in setting the price.

Herbie


]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/effebe493baa47319b699dec004165ce#effebe493baa47319b699dec004165ce Wed, 21 Nov 2007 07:21:55 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/effebe493baa47319b699dec004165ce#effebe493baa47319b699dec004165ce Herbie Smith 59 http://channel9.msdn.com/Niners/Dr Herbie/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
Dr Herbie wrote:


Most salesmen I've talked to about this say:

'Product will sell for X amount (based on research and experience and guesswork), and is estimated to cost Y to produce. 

If X-Y < threshold then we won't bother with that product.
If X-Y >= threshold then we will proceed.'

It's all in the phrase 'what the market will bear' which I've heard bandied about by sales types.
Basically: it doesn't matter how good the product is, if the public aren't willing to pay more than it cost to manufacture, it will not get made. Cost is only a factor in profit, not in setting the price.

Herbie




The stuff in bold is equivalent to: 

If it is worth my time to sell, then I'll sell it.

Again, the salesman is setting his labor cost.  I'm not using the word labor in the "digging ditches" sense of the word, although at the root of any physical product, there is probably going to be some of that. 

Maybe a better word to desribe it is 'time'.  As in "time is money".

I view it as labor, though.  I'm willing to work a certain number of hours for a certain amount of money.  I'm willing to do very similar things for free or, in the case of, say, video games, pay. 

The part where I get paid is done in the service of another.  The part where I pay puts me in their position.

Bah...it's all just semantics.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/8196a6913cfb4d8f846e9dec004165fc#8196a6913cfb4d8f846e9dec004165fc Wed, 21 Nov 2007 16:22:41 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/8196a6913cfb4d8f846e9dec004165fc#8196a6913cfb4d8f846e9dec004165fc ScanIAm 59 http://channel9.msdn.com/Niners/ScanIAm/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think?
ScanIAm wrote:

Bah...it's all just semantics.



Well, not quite, because if something is rare, then demand often outstrips supply. Which can lead to very little labour being required to sell something at a high price.

Whereas something which requires the same labour, but which is common, tends to sell at a much lower price.

You're kind of assuming that things can be produced given sufficient labour, but if they're rare, then no amount of labour will produce more of them.
 
(I sense you're about to argue that labour is required to find a rare resource. But this doesn't make sense if you consider two artists, one who is fashionable and demands high prices for his art (fashion is generally arbitrary in art, and doesn't reflect talent or craft gone into the production), and one who isn't and can't. Or if you consider a natural resource that is only present in one place, as no amount of extra searching labour will find any more of it.)

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/ec22fb8c5946488785179dec00416628#ec22fb8c5946488785179dec00416628 Wed, 21 Nov 2007 16:31:58 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/ec22fb8c5946488785179dec00416628#ec22fb8c5946488785179dec00416628 Massif 59 http://channel9.msdn.com/Niners/Massif/Discussions/RSS Coffeehouse - US Dolar sinks, what do you think? Good point. 

I'm not making the claim that all labor is done for equal pay, either.  The rarity of a gem, for example means that it is much harder to obtain.  If, in the extreme case, diamonds were as common as sand, then they wouldn't be expensive. 

A fashionable artist decides that the time he spent painting will be added on top of the cost of the raw materials and he's decided his time is worth a lot.

]]> http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/f18955ed75ab42efb29f9dec00416652#f18955ed75ab42efb29f9dec00416652 Wed, 21 Nov 2007 16:38:36 GMT http://channel9.msdn.com/Forums/Coffeehouse/250713-US-Dolar-sinks-what-do-you-think/f18955ed75ab42efb29f9dec00416652#f18955ed75ab42efb29f9dec00416652 ScanIAm 59 http://channel9.msdn.com/Niners/ScanIAm/Discussions/RSS