Return PolishForums LIVE
  PolishForums Archive :
Archives - 2005-2009 / News  % width 180

Weak US dollar in Poland and other countries...


Lukasz 49 | 1,746  
7 Nov 2007 /  #61
USA needs money for war in Iraq so sells bonds, but in the same moment they have mortgage crisis ... they decided to lower rates, so mortgage crisis is in their opinion more dangerous ... but who is going to buy bonds ? they have low rates and $ is weaker and weaker ... we will see
hello 22 | 891  
7 Nov 2007 /  #62
Economy isn't run on hamburgers.

I totally agree. Now tell me who holds 50% or more of the global Internet technologies and revenue? It will grow much more in the next years.
z_darius 14 | 3,968  
7 Nov 2007 /  #63
Economy isn't run on hamburgers.

Actually it is. In the US.
I'd have to think hard to think what else they manufacture here.

Now the US found itself in a position to be threatened by China's embargo on underwear exports to the US anytime the Chinese decide to show that the emperor has no clothes.
Lukasz 49 | 1,746  
7 Nov 2007 /  #64
I totally agree. Now tell me who holds 50% or more of the global Internet technologies and revenue? It will grow much more in the next years.

no body discusse here if USA is 1st power all over the world ...

The fact is that it isnt so strong as it was in '90s

I hope Europ is going to replace you, and USA is a little bit afraid that it is possible ... that is why USA wants to create North American Union (Mexico Kanada USA sth like EU with one currency ...) so there is possibility there will be no dollars in future
szarlotka 8 | 2,208  
7 Nov 2007 /  #65
no body discusse here if USA is 1st power all over the world ...

America sneezes, ROW catches a cold. Old saying but still true but not so much as before.
osiol 55 | 3,922  
7 Nov 2007 /  #66
It's not easy to change some of the things that are always traded in dollars.
hello 22 | 891  
7 Nov 2007 /  #67
The fact something is traded in one currency doesn't make it weaker or stronger. Why the British pound is so strong - what do they trade in?
z_darius 14 | 3,968  
7 Nov 2007 /  #68
It's not easy to change some of the things that are always traded in dollars.

It probably isn't as much about being easy, as being very dangerous. That was the main mistake Saddam did (of course everybody knew he had no nukes)
osiol 55 | 3,922  
7 Nov 2007 /  #69
The fact something is traded in one currency doesn't make it weaker or stronger

It can make things relatively more expensive.
Lukasz 49 | 1,746  
7 Nov 2007 /  #70
he fact something is traded in one currency doesn't make it weaker or stronger. Why the British pound is so strong - what do they trade in?

it is not "strong" in way you present here. Who would think about the possibility of trading oil using GDP ? and few years before using German Mark ? And now there are that kind of ideas to trade oil using Euro ...
Grzegorz_ 51 | 6,161  
7 Nov 2007 /  #71
I hope Europ is going to replace you

Unfortunately It looks like China is going to replace them.
szarlotka 8 | 2,208  
7 Nov 2007 /  #72
Did everyone see the market valuation of their major oil company - $1trillion - that would virtually wipe out the UK's national debt.
Grzegorz_ 51 | 6,161  
7 Nov 2007 /  #73
The fact something is traded in one currency doesn't make it weaker or stronger.

One of the main reasons why USD used to be so strong was that vast majority of international trade was in USD, so America could print many more of them than that to cover the size of American economy. Now It isn't so anymore but still most of Chinese reserves and almost all oil trade is in USD. If Chinese and Arabs change their mind, Americans will strat taking jobs in Mexico.

that would virtually wipe out the UK's national debt.

It's not funny anymore. In the future the only way other than bowing to a guy in Beijing will be a union of both Europe and America.
szarlotka 8 | 2,208  
7 Nov 2007 /  #74
It's not funny anymore

Trust me G I don't find it funny at all. To have the major economy in the world with a fundamentally different set of core values and ambitions is not funny. China has embraced capitalism as a means to an end, not an end.
Lukasz 49 | 1,746  
7 Nov 2007 /  #75
Unfortunately It looks like China is going to replace them.

China ... new player in some way created by Americans and Europeans ... there is one advantage of Chinese after Taiwan they will take eastern part of Russia ;)))

will be a union of both Europe and America

it is logical , it is enought to see the results of USA embargo on Iran ... they ignored it, and started trading with Russia and other Asian countries and Europe & USA couldnt force them to join embargo ... so western domination is over ...
szkotja2007 27 | 1,498  
7 Nov 2007 /  #76
Japan has major hydrocarbon interests in Iraq.
Since July 13th 2007 Iran has been trading its oil in Japanese yen to the detriment of the dollar.
Lukasz 49 | 1,746  
7 Nov 2007 /  #77
I hope world is not going to be like in Orwell books ...
Crow 152 | 9,787  
7 Nov 2007 /  #78
When you mentioned...

Did you heard for a new bestseller by Elena Chudinova, "Mosque Notre Dame de Paris," imagines Paris in 2048 ruled by Shari'a laws? In the novel, Frenchmen who refuse to convert to Islam are herded into ghettoes.

That '2048' , reminded me of Orwell's "84". Coincidental (!) I don't think so.
nauczyciel  
7 Nov 2007 /  #79
the Canadian Dollar got to $1.10USD today.

the USD has lost 68% in value against the Euro in 1 year. think about that.

Dow 13300.0 -2.64% 22:05
Crow 152 | 9,787  
7 Nov 2007 /  #80
think about that

yes, think

When things become too complicated and too dark (if you understand me), Poles always have open possibilities for nice retreat from alliance with USA.

We- Serbs would prepare Russins and they won`t complicate things.
randompal 7 | 306  
7 Nov 2007 /  #81
the US has created many monsters over the years and now they are turning around to bite America on the ass. As the saying goes, you reap what you sow, no one to blame but the Neoconservative pinheads who are currently doing a splendid job of bankrupting what used to be a fine country. Just google the US national debt clock...

In the future the only way other than bowing to a guy in Beijing will be a union of both Europe and America.

you are assuming Europe wants to get married to an out-of-control debt junkie who spends all of his money on guns and toys. Sounds like a marriage made in hell, no thanks, you can keep America haha..
Lukasz 49 | 1,746  
7 Nov 2007 /  #82
you are assuming Europe wants to get married to an out-of-control debt junkie who spends all of his money on guns and toys. Sounds like a marriage made in hell, no thanks, you can keep America haha..

honestly USA should treat EU in different way as it was in the past, but I think in some cases we should cooperate ... EU has to be equlal partner for USA. and on economical level we should try to use free market to win over them ...
cubic 2 | 63  
7 Nov 2007 /  #83
That was the main mistake Saddam did (of course everybody knew he had no nukes)

And yet China's state-run Zhuhai Zhenrong Corp, the biggest buyer of Iranian crude worldwide, began paying for its oil in euros in March 2007. In September 2007, Japan's Nippon Oil has agreed to buy Iranian oil using yen. And Iran is in the process of opening a euro-denominated oil bourse. (All according to Iranian Oil Bourse) But Iran has not (yet) been attacked...
randompal 7 | 306  
7 Nov 2007 /  #84
EU has to be equlal partner for USA. and on economical level we should try to use free market to win over them ...

to win over the USA you need control of resources, namely natural gas and oil. the oil-dollar cycle is what keeps the US military afloat. Iraq was invaded not only because they had oil but because they started selling their oil for euros instead of the dollar, which every OPEC country is theoretically required to do. as soon as Iran hinted that it is interested in trading oil for euros, it became the next target.

But Iran has not (yet) been attacked

probably only because the US is going broke as we speak, the dollar is STILL falling. plus there arent enough troops to invade Iran, they would need a draft again just like during Vietnam..
Matyjasz 2 | 1,544  
7 Nov 2007 /  #85
Still, it won't be good for Europe if USA will be replaced by, lets say, china. A thing that many anti-americans seem not to notice.

China ... new player in some way created by Americans and Europeans ... there is one advantage of Chinese after Taiwan they will take eastern part of Russia ;)))

A weak Russia is also not good for Europe. :(
Lukasz 49 | 1,746  
7 Nov 2007 /  #86
agree

A weak Russia is also not good for Europe. :(

but weak Russia means hollydays in Poland ...

to win over the USA you need control of resources, namely natural gas and oil. the oil-dollar cycle is what keeps the US military afloat. Iraq was invaded not only because they had oil but because they started selling their oil for euros instead of the dollar, which every OPEC country is theoretically required to do. as soon as Iran hinted that it is interested in trading oil for euros, it became the next target.

French will give them soldiers ...
Grzegorz_ 51 | 6,161  
7 Nov 2007 /  #87
A weak Russia is also not good for Europe. :(

Some would disagree...
randompal 7 | 306  
7 Nov 2007 /  #88
Still, it won't be good for Europe if USA will be replaced by, lets say, china. A thing that many anti-americans seem not to notice.

china, america, russia, israel...they are all a bunch of parasites as far as i'm concerned and i don't want to see a world ruled unilaterally by any one of these jackals, just like since the beginning of time they will bleed the world dry and use us (weak countries like Poland) for cannon fodder
Lukasz 49 | 1,746  
7 Nov 2007 /  #89
I dont think that this discussion between us Poles is proper on international forum.

:) to cut long story short

WE LOVE AMERICA

WE LOVE EU

WE RESPECT RUSSIA

:))) se ya tomorrow
hello 22 | 891  
7 Nov 2007 /  #90
The European leaders start to calculate and it's not looking as bright for Europe (or Poland) as some here suggest:

Sarkozy's complaints that the U.S. currency's drop against the euro is undermining European competitiveness.

Sarkozy said yesterday that Toulouse, France-based Airbus SAS, the world's biggest planemaker, loses about 1 billion euros ($1.5 billion) for every 10-cent increase against the dollar.


Bloomberg news
bloomberg.com/apps/news?pid=20601083&sid=aZUhDckICL7w&refer=currency

Archives - 2005-2009 / News / Weak US dollar in Poland and other countries...Archived