Comments: Sound As A Dollar - You're Doomed

What is the future, nay,the point of Left Coaster and other leftist blogs since we will continue to live in a fascist country for the next thirty years?

Posted by Mary in Northern Virginia at November 29, 2004 07:00 AM

Just wait until the traders break the yuan- US dollar and HK dollar-US dollar pegs. Instant currency crisis. We are beginning to see the large scale effects of Bush fiscal mismanagement.

Posted by roamer at November 29, 2004 07:02 AM

1995 or 6 the USD was actually lower compared to the deutsche mark which is no longer in existence. Germany and France are feeling the squeeze and with thier low growth rate cannot afford to raise rates. Germany and France will find it harder to compete with the US and Countries whose currency is pegged to the dollar (China, S. Korea, etc.). Way to go King George. Nothing like having the last word.
Chevy

Posted by Chevy at November 29, 2004 08:06 AM

Currency devaluations do not work. It failed under James Baker and the Lourdes accord in the '80's. You end up with higher inflation and subsequent interest rate increases to defend the currency. This scenario will end economic growth.

Posted by roamer at November 29, 2004 08:21 AM

Mary in NoVa,

As a fellow resident of one of Virginia's and the country's scattered blue islands, you should realize that the point of liberal blogs is the strength gained from community -- shared values and information. E pluribus unum. Out of many (online), one (stronger, more focused liberal voice to resist the party of fundamentalists, robber barons, and fascist warmongers).

Posted by Bragan at November 29, 2004 08:22 AM

Germany and France are feeling the

It's a little difficult to only consider these two countries as controlling Euros$. It's more like 452 million of the EU, the most well educated people in the world with a social conscience, getting ready to hand us our respective butts. You'll know it's happening if oil pegs to Euros.

A "spend" and "no tax" policy is folly, and has been anytime it occurs. Which ever way the dollar markets go, we cannot sustain deficit spending levels as they are. That appears to be the moral of the entire article.

Posted by phidipides at November 29, 2004 08:29 AM

Chevy: In the mid 90's the US was at the beginning of the tech boom. This led to a stronger dollar in the late 90's. Also, we had a sensable tax policy that was leading to budget surpluses, quite the reverse of now.
Don't count on the asian "tigers" to prop up the dollar indefantily, they're already warning of decreasing their purchases of US bonds.
Even more ominous, they may get serious about detaching their currencies from the ours. The dollar could go into free fall which leads to hyperinflation. I'm not aware of any nation that has gone through hyperinflation without severe political as well as economic crises. If anyone has an example please post it, the cable news is too depressing.

Posted by rlprather at November 29, 2004 10:28 AM

There are 3 choices now. Increased inflation, increased interest rates or heavy tax increases. Each one is a bitter pill. Pick your poison :(

Posted by roamer at November 29, 2004 10:35 AM

"Helium 3 is deposited on the lunar surface by solar winds and would have to be extracted from moon soil and rocks. Some 200 million tonnes of lunar soil would produce one tonne of helium, only 10 kilos of helium are available on earth. "Just 25 tonnes of helium, which can be transported on a space shuttle, is enough to provide electricity for the US for one year," said Taylor, who is in Udaipur to attend a global conference on moon exploration."

Which means you would need to transport 5,000 million tons of lunar soil to get 25 tonnes of helium. How feasible is that?

Posted by Freedonia at November 29, 2004 11:41 AM

I'll wont start to worry until the day I sit at a Black Jack table and my $500 only gets me 400 in chips. Until then I'm sure we will survive.

Posted by Poker Man at November 29, 2004 02:27 PM

GUESS WHOS BACK, BACK AGAIN, PISSED OFF KIDS BACK, TELL A FRIEND... THIS IS THE PISSED OFF KID. Are any of you happy BITCH-ASS BUSH waz re-elcted. If so go to fucking hell, Can't you see. Hes the Devil in a costume. You fucking idiots. But Hey I'm glad a little because now he can't be elected again. But I still say Fuck Bush, His Kids, His dumbass wife who married him, and all the people who like him. BUSH can ROTT IN HELL. Yeah I Said "BUSH can ROTT IN HELL". Didn't you notice right before the election a tape of Bin Lauden showed up. I thank that they had that tape, and didn't show it till right before election for the extra votes he needed. Thats Wat This Pissed Off Kid Thanks. Don't You Thank So To?

Posted by pissed off kid is back at December 4, 2004 02:49 PM