The dollar is the world's reserve currency, just look at the Euro, the Pound, even the Argentine peso's is hitting new lows. The problem with this is the Dollar is propped buy borrowing and adding more debt to the US tax payer.
Exon
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The dollar is the world's reserve currency, just look at the Euro, the Pound, even the Argentine peso's is hitting new lows. The problem with this is the Dollar is propped buy borrowing and adding more debt to the US tax payer.
Exon
[QUOTE=Exon123]One of the agreements I have with my landlady Roxana is I always pay in Dollars. Then I suspect those dollars are deposited in a Bank account in Florida, (where most of the excess capital of Argentina goes)
The dollar is the world's reserve currency, just look at the Euro, the Pound, even the Argentine peso's is hitting new lows. The problem with this is the Dollar is propped [up] by borrowing and adding more debt to the US tax payer.
Exon[/QUOTE]Exon,
Your statement "[I]the Dollar is propped [up] by borrowing and adding more debt to the US tax payer[/i]" is ridicilious. The fact is that all the "borrowing and adding more debt" is LOWERING the value of the dollar, not "[I]propping it up[/i]".
A country can raise the value of their currency by using foreign exchange EARNINGS to buy their own currency. Conversly, when a country borrows money and / or simply prints more of their own currency, it LOWERS the value of their own currency.
Exon, you've got to stop getting your information from video clips, because your mind is being filled with liberal mush.
Thanks,
Jackson
[QUOTE=Jackson]Exon,
Your statement "[I]the Dollar is propped [up] by borrowing and adding more debt to the US tax payer[/i]" is ridicilious. The fact is that all the "borrowing and adding more debt" is LOWERING the value of the dollar, not "[I]propping it up[/i]".
A country can raise the value of their currency by using foreign exchange EARNINGS to buy their own currency. Conversly, when a country borrows money and / or simply prints more of their own currency, it LOWERS the value of their own currency.
Exon, you've got to stop getting your information from video clips, because your mind is being filled with liberal mush.
Thanks,
Jackson[/QUOTE]True Oh Great One, "El Jeffie",
But what were watching is the confidence in other currency's, "Sovereign Debt" if you will, eroding faster than the Dollar. The reason Gold has become so popular these day's.
Now Jackson, I know your a bright guy, But you've got to Stop "Jacking Off", its effecting your ability to reason. Once in a while is OK, even I enjoy a hand job now and then, but not everyday!
Its because of this constant "Masturbation" you've become a neocon Republican conservative "Bushie" and watch Fox Television and have formed these demented Ideas.
Exon
[QUOTE=Exon123]Now Jackson, I know your a bright guy, But you've got to Stop "Jacking Off", its effecting your ability to reason. Once in a while is OK, even I enjoy a hand job now and then, but not everyday!
Its because of this constant "Masturbation" you've become a neocon Republican conservative "Bushie" and watch Fox Television and have formed these demented Ideas.
Exon[/QUOTE]Exon,
Let's review your logic:
I'm living in the middle of a sex candy store, enjoying daily relaxation sessions that I can arrange with just a telephone call, and you are living in the middle of a sexual desert, bitching about the $12 bucks some guy owes you.
Nevertheless, you postulate that [u][b]I'M[/b][/u] the one who's jerking off in such volume that it's [u][b]MY[/b][/u] judgement that's being affected?
No wonder you so easily believe the liberal's spoon-fed arguments. You've become EXACTLY the kind of "unable to formulate coherent thoughts" [strike]idiot[/strike] constituent they need to cultivate.
Exon, you need to get yourself down here and get one of those 4 [strike]hand[/strike] tweezer sessions at Gysell's place before you turn completely socialist.
Thanks,
Jackson
[QUOTE=Jackson]Exon,
Let's review your logic:
I'm living in the middle of a sex candy store, enjoying daily relaxation sessions that I can arrange with just a telephone call, and you are living in the middle of a sexual desert, bitching about the $12 bucks some guy owes you.
Nevertheless, you postulate that [u][b]I'M[/b][/u] the one who's jerking off in such volume that it's [u][b]MY[/b][/u] judgement that's being affected?
No wonder you so easily believe the liberal's spoon-fed arguments. You've become EXACTLY the kind of "unable to formulate coherent thoughts" [strike]idiot[/strike] constituent they need to cultivate.
Exon, you need to get yourself down here and get one of those 4 [strike]hand[/strike] tweezer sessions at Gysell's place before you turn completely socialist.
Thanks,
Jackson[/QUOTE]Jeffie,
Its not so much the $12.65, its the principle of the misconduct. Doing a guy a favior, going out of my way to do so, packing it 7,000 miles, hand delivering it, only to be "Stiffed" by the cheap skate. I'll take the moral high ground here and state thats absolutely fucking wrong.
Now I know you've been "Masturbating" at an excessive rate or you wouldn't be posting this drool, so don't deny it.
The Frontline video's I posted speak for themselves. The TARP monies were first proposed by "Bushie", Republican MotherFuckers that had ruined the financial system of our Country and half the World's.
Now I do plan a trip down in the not to distant futher. At which time I plan to concentrate on Full Service Intercourse with an occasional Handjob, possibly with some light prostrate massage to go with it, he, he, he.
Exon
[QUOTE=Exon123]Jeffie,
Its not so much the $12.65, its the principle of the misconduct. Doing a guy a favior, going out of my way to do so, packing it 7,000 miles, hand delivering it, only to be "Stiffed" by the cheap skate. I'll take the moral high ground here and state thats absolutely fucking wrong.[/QUOTE]Once again, he didn't stiff you.
Before he left BA, he left the funds with me to give to you the next time you were here.
Idiotic case closed!
Thanks,
Jackson
[QUOTE=Exon123]But what were watching is the confidence in other currency's, "Sovereign Debt" if you will, eroding faster than the Dollar. The reason Gold has become so popular these day's.[/QUOTE]Gold's popularity has been on the rise for some time in large part due to the reckless spending of the US congress, at the behest of a string of presidents that believe there are no consequences to printing more currency.
Exon is noting the recent 'flight to quality' which accelerated in the face of the band-aid fix for Greece. The flight was to gold and dollars.
The flow of foreign exchange is pretty simple, it is driven by return relative to risk. Forex flow is not always directly correlated with an imbalance of sovereign debt between 'healthy' countries nor is sovereign debt the only determinant in forex in a faltering country. However, sovereign debt is a liability of the government just as its currency is. When you add more of either, it increases the amount of claims on the same sovereign assets. That is to say that many more people are now sharing the same underlying collateral, therefore each individual's interest has decreased in value.
If a country is seen to have crippling sovereign debt that it cannot repay, it becomes the hammer that drives investors out of the local currency. This is because the expectation is that the govt has too much debt and it will have to print more currency in order to pay off that debt. The specter of printing more money, creates the expectation that the value of the local currency will decline (more IOUs claiming the same collateral) Therefore, if possible, one would sell local currency and buy dollars.
Sidebar for further explanation:
Most bonds require the repayment of principal and interest in "nominal" terms. That is to say that $100 of principal borrowed today requires $100 of principal (+ interest) be repaid at some point in the future. This equation does not allow for the adjustment of the principal for actual changes in the value of the underlying currency (this would be "real" terms) The compensation for expected currency risk (and all others - unless it is a US retail mortgage) is priced into the interest rate in advance. Therefore, if the underlying currency is devalued, the $100 repaid in the future is worth much less than the value of the $100 that was initially lent (like Exon's $12.65) and the investor loses money.
End of sidebar.
In the case of Greece, they abdicated their monetary sovereignty when they joined the Euro. Therefore, they lost some of the tools that a country would normally use, in the face of similar problems. They cannot print more Euros in order to cover their debt. Therefore, they have to find other means of recourse. The one that investors saw coming was "we ain't got the money, so we ain't paying" which is to say that they would default on the loans, which would hurt other EU countries. Because European institutions and sovereign funds held most of the Greek debt risk, the EU was forced to figure out a solution (if not forced to action they would have run in retreat - Bosnia? Rwanda? Investors saw this solution as devaluing the euro. Further, speculation that Greece, Spain or Portugal might default or that France or Germany might leave the euro caused uncertainty. Uncertainty = risk. Therefore, the smart money moved to something safer (the dollar and / or gold)
Let's face it when the financial defecation hits the rotary oscillator, currency holders move to the dollar. This is because it is backed by the "full faith and credit" of the US govt (ostensibly by its gold reserves and its ability to tax its citizens to make good on the currency) Gold is a natural hedge against the inflationary practice of printing money. Therefore, if you wanted out of the euro but feared Obama might double money supply (to solve global warming or some other white elephant) you might pick gold or a blend of dollars and gold.
Your self included Bro,.
Now I'm your friend, don't you understand that Obama is just stalling off the reality, "HE HAS NO CHOICE", Its pay me now or pay me later!
We've both lived threw the monetary crisis of Argentina 8,9 years ago. Whats coming for us up here in America is just as bad.
Exon
And "No" more Masturbating
[QUOTE=Jackson]I'm living in the middle of a sex candy store, enjoying daily relaxation sessions that I can arrange with just a telephone call, and you are living in the middle of a sexual desert, bitching about the $12 bucks some guy owes you.[/QUOTE]This logic is hard to counter. Damn you! My thrill last week was putting a dollar into a dancer's bikini top and getting a glimpse of her titty.
[QUOTE=Exon123]Now I'm your friend, don't you understand that Obama is just stalling off the reality, "HE HAS NO CHOICE", Its pay me now or pay me later!
We've both lived threw the monetary crisis of Argentina 8, 9 years ago. Whats coming for us up here in America is just as bad.
Exon.
And "No" more Masturbating[/QUOTE]Exon,
Your are right that "Obama is just stalling off the reality".
You are wrong that "HE HAS NO CHOICE".
He could stop this insane borrowing, stop piling burdens on the back of the American taxpayer, cut government spending we can't afford, reduce government payrolls we can't afford, eliminate government programs we can't afford, close government departments we can't afford, etc.
The fact is that he does have a choice, but he doesn't have the political courage or the executive management experience to do what needs to be done. Instead, he'd rather play the role of the college student who is entertaining his new friends with the US Taxpayer's credit card.
Thanks,
Jackson
[QUOTE=Jackson]Once again, he didn't stiff you.
Before he left BA, he left the funds with me to give to you the next time you were here.
Idiotic case closed!
Thanks,
Jackson[/QUOTE]I would suggest that Sydney mediate this disagreement before the walls of the space-time continuum start caving in.
"All is well until it's over."
Jack
[QUOTE=Jackson]Exon,
Your are right that "Obama is just stalling off the reality".
You are wrong that "HE HAS NO CHOICE".
He could stop this insane borrowing, stop piling burdens on the back of the American taxpayer, cut government spending we can't afford, reduce government payrolls we can't afford, eliminate government programs we can't afford, close government departments we can't afford, etc.
The fact is that he does have a choice, but he doesn't have the political courage or the executive management experience to do what needs to be done. Instead, he'd rather play the role of the college student who is entertaining his new friends with the US Taxpayer's credit card.
Thanks,
Jackson[/QUOTE]Jeffie,
Quit this demented thinking,.
I agree with everything your saying, "Except Me"
You see I'm a "Selfish" greedy dirty MotherFucking CuckSucker and my only interest are:,.
"My Own Best Interest", there for Obama is doing the right thing!
Now let's stop this vicious cycle of Masturbation, its truly creating some demented thinking.
Exon