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29 Dec 2004, 23:46
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#1
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Registered User
Join Date: Jan 2003
Posts: 4,290
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so that whole dollar-situation
is anyone worried about a global crisis yet?
(i know this thread sucks, but i wont put any great effort into writing somthing before i know someone starts some kind of discussion on the subject.)
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im not tolerant, i just dont care.
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30 Dec 2004, 08:57
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#2
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Rawr rawr
Join Date: Dec 2000
Location: Upside down
Posts: 5,300
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Re: so that whole dollar-situation
What wouls happen in case of a global crisis? I really can't see the problem with all this. Dollar collapsing, Euro exploding, American stuff becoming piss cheap, European export to the US stagnating, resulting in high supply, low demand situations for native products, consumer prices for native products dropping as a result of this, so a few companies go bankrupt.
I know nearly nothing about economics, so what I wrote is probably bollocks, but I can't really see how this is going to affect me in a negative way.
Outline this crisis stuff for me in a way I can understand it.
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"Yay"
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30 Dec 2004, 10:57
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#3
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Registered User
Join Date: Jan 2003
Posts: 4,290
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Re: so that whole dollar-situation
dollar falls -> exports from rest of the world to usa fall -> usa most important market for the rest of the world -> rest of the world in recession because they can't sell their shit -> rest of the world stops investing money in the us -> interest rates and inflation in the us rise -> us in depression -> exports from the rest of the world to the usa fall -> etc.
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im not tolerant, i just dont care.
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30 Dec 2004, 12:30
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#4
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Rawr rawr
Join Date: Dec 2000
Location: Upside down
Posts: 5,300
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Re: so that whole dollar-situation
Quote:
Originally Posted by wu_trax
dollar falls -> exports from rest of the world to usa fall -> usa most important market for the rest of the world -> rest of the world in recession because they can't sell their shit -> rest of the world stops investing money in the us -> interest rates and inflation in the us rise -> us in depression -> exports from the rest of the world to the usa fall -> etc.
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etc -> companies have too many products in stock -> companies offering their products for dump prices -> more crap for us to buy -> me getting a new computer for a silly low price -> me getting a new digital camera for a low price -> me importing a neat car from the US for a low price
Really, why shouldn't --> I <-- be happy about the US economy collapsing? That's my question.
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"Yay"
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30 Dec 2004, 12:36
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#5
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Mr. Blobby
Join Date: Nov 2000
Location: Belgium
Posts: 8,271
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Re: so that whole dollar-situation
companies being low on cash -> companies firing people -> you getting laid off -> you not being able to find a new job -> you having to spend your money just on food and rent -> you not even being able to buy shit at dump prices -> etc
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30 Dec 2004, 12:37
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#6
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Registered User
Join Date: Jan 2003
Posts: 4,290
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Re: so that whole dollar-situation
Quote:
Originally Posted by Structural Integrity
etc -> companies have too many products in stock -> companies offering their products for dump prices -> more crap for us to buy -> me getting a new computer for a silly low price -> me getting a new digital camera for a low price -> me importing a neat car from the US for a low price
Really, why shouldn't --> I <-- be happy about the US economy collapsing? That's my question.
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the problem is that you don't buy a new computer or a new digicam if you lost your job :/
edit: off now to buy cheap electronics with the money i got for christmas \o/
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im not tolerant, i just dont care.
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30 Dec 2004, 12:38
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#7
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Rawr rawr
Join Date: Dec 2000
Location: Upside down
Posts: 5,300
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Re: so that whole dollar-situation
Oh... yeah... that would be kind of crap.
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"Yay"
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30 Dec 2004, 14:03
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#8
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Godfather
Join Date: May 2000
Location: England
Posts: 5,185
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Re: so that whole dollar-situation
as long as i can buy things cheaper then i dont care if the dollar crashes into oblivion
BRING ON TEH $2:£1!
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It's not personal, it's just business.
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30 Dec 2004, 14:46
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#9
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Old Man O Deh *****s
Join Date: Apr 2000
Location: In spelelpee land
Posts: 3,516
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Re: so that whole dollar-situation
GD: Ignoring basic economic theory since 2000.
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Dead_Meat
You dont need to keep beating a dog to get it to stop shitting on the carpet
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30 Dec 2004, 14:51
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#10
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share the <3
Join Date: Aug 2001
Location: Location: Location:
Posts: 2,709
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Re: so that whole dollar-situation
D_M ignoring time since the stone age
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Sophie is hotter than you
though ive gone off her now; the way Susanna Reid squirms around on sml is, however, awesome
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30 Dec 2004, 14:57
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#11
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Banned
Join Date: Jul 2004
Posts: 2,442
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Re: so that whole dollar-situation
China is not ready to have their currency out on the open market free to influences to changes in value, they don't have the infrastructure yet in place to handle it.
The US will happily sit on brazil and china to support their massive trade deficit.
Of course this would possibly not be a problem if we didn't artificially bouy the Euro at the start of the millenium...
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30 Dec 2004, 15:07
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#12
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Aardvark is a funny word
Join Date: Sep 2002
Location: I'm No Nino Rota
Posts: 5,923
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Re: so that whole dollar-situation
Quote:
Originally Posted by Sunday8pm
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Originally Posted by Sunday8pm
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damnit DM
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Efficiency, efficiency they say
Get to know the date and tell the time of day
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30 Dec 2004, 15:19
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#13
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Banned
Join Date: May 2001
Location: Further to the right
Posts: 19,441
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Re: so that whole dollar-situation
Quote:
Originally Posted by Sunday8pm
China is not ready to have their currency out on the open market free to influences to changes in value, they don't have the infrastructure yet in place to handle it.
The US will happily sit on brazil and china to support their massive trade deficit.
Of course this would possibly not be a problem if we didn't artificially bouy the Euro at the start of the millenium...
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Do you mean that china and brazil are supporting the US trade deficit now or that they will in future?
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Some might ask what good is life without purpose but I'm anticipating a good lunch.
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30 Dec 2004, 16:19
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#14
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Registered User
Join Date: Jan 2003
Posts: 4,290
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Re: so that whole dollar-situation
Quote:
Originally Posted by JonnyBGood
Do you mean that china and brazil are supporting the US trade deficit now or that they will in future?
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China does, they have to because thats the only way to keep their currency pegged to the dollar. i doubt theyll do that forever though. they already have currency reserves of $600 bn. (The Federal Reserve has about $40 bn + some gold and some SDRs)
About Brazil, i don't know, never heared about them messing around with the market and with their small share in world trade i don't think they could make much of a difference anyway.
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im not tolerant, i just dont care.
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30 Dec 2004, 16:20
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#15
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Registered User
Join Date: Jan 2003
Posts: 4,290
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Re: so that whole dollar-situation
Quote:
Originally Posted by Sunday8pm
Of course this would possibly not be a problem if we didn't artificially bouy the Euro at the start of the millenium...
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Do you seriously think this all was caused by a small intervention 4 years ago?
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im not tolerant, i just dont care.
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30 Dec 2004, 16:32
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#16
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Aardvark is a funny word
Join Date: Sep 2002
Location: I'm No Nino Rota
Posts: 5,923
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Re: so that whole dollar-situation
Quote:
Originally Posted by wu_trax
China does, they have to because thats the only way to keep their currency pegged to the dollar. i doubt theyll do that forever though. they already have currency reserves of $600 bn. (The Federal Reserve has about $40 bn + some gold and some SDRs)
About Brazil, i don't know, never heared about them messing around with the market and with their small share in world trade i don't think they could make much of a difference anyway.
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brazil has the eighth largest economy in the world and i tend to doubt that it's heavily internal. but china's contribution is far more significant in terms of size and potential consequences.
__________________
Efficiency, efficiency they say
Get to know the date and tell the time of day
As the crowds begin complaining
How the Beaujolais is raining
Down on darkened meetings on the Champs Élysées
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30 Dec 2004, 16:38
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#17
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Registered User
Join Date: Jan 2003
Posts: 4,290
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Re: so that whole dollar-situation
Quote:
Originally Posted by Phang
brazil has the eighth largest economy in the world and i tend to doubt that it's heavily internal. but china's contribution is far more significant in terms of size and potential consequences.
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i only had a quick look at the world fact book and it said that brazil exports goods worth something around 80bn a year and imports something around 40.
The us exports goods worth 600-700 bn and imports goods for more than a trillion. i doubt Brazil makes much of a difference for the dollar.
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im not tolerant, i just dont care.
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30 Dec 2004, 17:01
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#18
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Old Man O Deh *****s
Join Date: Apr 2000
Location: In spelelpee land
Posts: 3,516
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Re: so that whole dollar-situation
Quote:
Originally Posted by Phang
damnit DM
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I could do it again for New Year if that'd help any...?
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Dead_Meat
You dont need to keep beating a dog to get it to stop shitting on the carpet
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30 Dec 2004, 17:14
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#19
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Aardvark is a funny word
Join Date: Sep 2002
Location: I'm No Nino Rota
Posts: 5,923
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Re: so that whole dollar-situation
Quote:
Originally Posted by Dead_Meat
I could do it again for New Year if that'd help any...?
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by 'new' you mean 'all of next', right?
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Efficiency, efficiency they say
Get to know the date and tell the time of day
As the crowds begin complaining
How the Beaujolais is raining
Down on darkened meetings on the Champs Élysées
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30 Dec 2004, 17:37
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#20
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Banned
Join Date: May 2001
Location: Further to the right
Posts: 19,441
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Re: so that whole dollar-situation
Quote:
Originally Posted by wu_trax
China does, they have to because thats the only way to keep their currency pegged to the dollar. i doubt theyll do that forever though. they already have currency reserves of $600 bn. (The Federal Reserve has about $40 bn + some gold and some SDRs)
About Brazil, i don't know, never heared about them messing around with the market and with their small share in world trade i don't think they could make much of a difference anyway.
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I'm pretty sure I posted this before in answer to sunday spouting the same drivel at a previous moment in time but Brazil really doesn't have any bearing on the US trade deficit. Anyways it's clearly all about Japan guys.
This also amused me.
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Some might ask what good is life without purpose but I'm anticipating a good lunch.
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30 Dec 2004, 18:04
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#21
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Old Man O Deh *****s
Join Date: Apr 2000
Location: In spelelpee land
Posts: 3,516
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Re: so that whole dollar-situation
Quote:
Originally Posted by Phang
by 'new' you mean 'all of next', right?
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Only if my hand were to TOTALLY BY ACCIDENT OH YES INDEED slip when I was making the selection on the ban period...
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Dead_Meat
You dont need to keep beating a dog to get it to stop shitting on the carpet
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30 Dec 2004, 18:18
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#22
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Dirte
Join Date: Apr 2002
Posts: 5,573
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Re: so that whole dollar-situation
Hey guys, stop beliving in the money and banks and live free
ps smash your local bank now anarchy now!
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30 Dec 2004, 19:15
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#23
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Banned
Join Date: Jul 2004
Posts: 2,442
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Re: so that whole dollar-situation
Quote:
Originally Posted by wu_trax
Do you seriously think this all was caused by a small intervention 4 years ago?
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Yes, yes I do, cause I think it's set the pattern for the US to behave how they want about their currency atm knowing that the EU won't force their hand on the issue ultimately.
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30 Dec 2004, 19:36
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#24
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Registered User
Join Date: Jan 2003
Posts: 4,290
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Re: so that whole dollar-situation
Quote:
Originally Posted by Sunday8pm
Yes, yes I do, cause I think it's set the pattern for the US to behave how they want about their currency atm knowing that the EU won't force their hand on the issue ultimately.
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I doubt Bush WANTS the dollar to fall, he just realised that there isn't much he can do about it, so he's coming up with all that crap about boosting exports, reducing imports and so on. Not even the Federal Reseve could do much with its small reserves in foreign currencies.
The only ones who could support the dollars short term are foreign central banks. The ECB for example could easily buy as many dollars for euro as it wants. Obviously this would have a negative influence on inflation, but its still better than a global crisis.
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im not tolerant, i just dont care.
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30 Dec 2004, 19:57
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#25
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Chief over all Monkeys
Join Date: Apr 2003
Posts: 1,771
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Re: so that whole dollar-situation
Quote:
Originally Posted by wu_trax
I doubt Bush WANTS the dollar to fall.
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most economists disagree with you on this subject.
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30 Dec 2004, 21:04
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#26
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Banned
Join Date: Jun 2002
Posts: 2,635
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Re: so that whole dollar-situation
i don't really care.
I am, however, worrying about if there's finanical gains here to be made that i'm not seeing, as it's $2 for £1 etc...
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30 Dec 2004, 22:55
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#27
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Bitch
Join Date: Jun 2002
Location: North Yorkshire
Posts: 3,848
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Re: so that whole dollar-situation
Quote:
Originally Posted by wu_trax
I doubt Bush WANTS the dollar to fall
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Dollar falls -> US national debt worth naff all -> US escapes complete bankruptcy.
Quite clever really, I doubt Bush thought it up though.
Personally, I'm in a really strong position at work so I like the weak dollar. Means I can buy stuff cheap from the US and feel like I'm doing charity work
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ACHTUNG!!!
Das machine is nicht fur gefingerpoken und mittengrabben. Ist easy
schnappen der springenwerk, blowenfusen und corkenpoppen mit
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rubbernecken sightseeren keepen hands in das pockets. Relaxen und vatch
das blinkenlights!!!
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30 Dec 2004, 23:05
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#28
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Registered User
Join Date: Jan 2003
Posts: 4,290
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Re: so that whole dollar-situation
Quote:
Originally Posted by Gayle29uk
Dollar falls -> US national debt worth naff all -> US escapes complete bankruptcy.
Quite clever really, I doubt Bush thought it up though.
Personally, I'm in a really strong position at work so I like the weak dollar. Means I can buy stuff cheap from the US and feel like I'm doing charity work
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But it also means a lower standard of living in the US, its going to be hard to explain this to the voters (ok, he probably doesn't have to worry about that, but anyway).
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im not tolerant, i just dont care.
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1 Jan 2005, 21:15
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#29
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Prince of Amber
Join Date: Aug 2001
Location: Heidelberg, Germany
Posts: 1,313
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Re: so that whole dollar-situation
Quote:
Originally Posted by wu_trax
But it also means a lower standard of living in the US, its going to be hard to explain this to the voters (ok, he probably doesn't have to worry about that, but anyway).
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If someone starves to death in the United States, it will mean that person was too lazy to beg for food. Or did you mean too poor to buy pirated copies of the latest movies?
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1 Jan 2005, 21:34
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#30
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Registered User
Join Date: Jan 2003
Posts: 4,290
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Re: so that whole dollar-situation
Quote:
Originally Posted by Texan
If someone starves to death in the United States, it will mean that person was too lazy to beg for food. Or did you mean too poor to buy pirated copies of the latest movies?
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no, just a lower standrad of living, like in less goods for your money.
happy new year, btw.
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im not tolerant, i just dont care.
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