Weak US dollar in Poland and other countries...

randompal 7 | 306

8 Nov 2007 / #121

But why millions of young Poles work in the UK and other EU countries

because the grass is always greener somewhere else

hello 22 | 890

8 Nov 2007 / #122

First official was France, now Canada, who's next? I expect some other EU countries. I guess too much people buy from the US now and it hurts. Those who say the debt is "lower" now should realize debt is to be paid off in increments and besides - debtors are never in a hurry to pay debt so this argument doesn't hold much water.

TORONTO, Nov 8 (Reuters) - The speedy rise in the Canadian dollar is creating a difficult environment for Canada, Prime Minister Stephen Harper said on Thursday.

reuters.com/article/companyNewsAndPR/idUSN0827798020071108

Grzegorz_ 51 | 6,149

8 Nov 2007 / #123

Hello, the topic is not about poverty in Poland.

Crow 155 | 9,025

9 Nov 2007 / #124

yes, yes... let`s go back to topic

I think this article can help to get a pic...

Closing the 'Collapse Gap': the USSR was better prepared for collapse than the US

energybulletin.net/23259.html

by Dmitry Orlov

Good evening, ladies and gentlemen. I am not an expert or a scholar or an activist. I am more of an eye-witness.

hello 22 | 890

9 Nov 2007 / #125

yes, yes... let`s go back to topic

The topic is about US dollar, not Soviet Union versus USA.

Crow 155 | 9,025

9 Nov 2007 / #126

look batter on the article

There is very good analizes of inevitable US economic (dollar!) collapse (I must say, its not funny to me, no matter all).

Lukasz 49 | 1,746

9 Nov 2007 / #127

I think USA is not going to collapse in nearest future ... just crisis

hello 22 | 890

9 Nov 2007 / #128

There is a nice saying, something like: During a recession the fat (USA in this case) will get hungry, but the slim (economically poor countries) will die.

Lukasz 49 | 1,746

9 Nov 2007 / #129

hello our american friend honestly now You (ther rich) not we (the poor ;) ) are in trouble ...

I just dont understand why you deffend so much USA Dollar, the fact is that it is problem for everybody, you decided to invide Iraq and you dont have enought cash so you sell bonds but in the same moment you gave problem with mortgages and you lowe rates ... Whole world look at you and think if you can deal with it ...

hello 22 | 890

9 Nov 2007 / #130

I know USA is "in trouble", but did you read the other part of the saying? A recession of USA will affect the whole world and now there's nothing to be happy about - whether you are an American, a Pole, or any nother nationality.

Lukasz 49 | 1,746

9 Nov 2007 / #131

yes it is problem for everybody the same as it was when Asia had crisis. What is important after this crisis USA partly will lost position and Europe and Asia will gain more influence ... what doesnt change fact crisis in USA is dangerous for whole world ...

Crow 155 | 9,025

9 Nov 2007 / #132

no, USA won’t collapse in nearest future. I’m sure. Current economic recession and few future recessions would be bypassed with few new wars in global village. But then in one moment, as Dmitry Orlov suggests `some problems doesn`t have solutions`.

During a recession the fat (USA in this case) will get hungry, but the slim (economically poor countries) will die.

yes, something like that

nicely said

joepilsudski 26 | 1,389

10 Nov 2007 / #133

In politics, nothing happens by accident. If it happens, you can bet it was planned that way.
Franklin D. Roosevelt

This is a famous quote from the well-known American president...the same is true for economics...the dollar's collapse had been engineered by certain banking interests, and people like the traitor George W.Bush and the cabal around him, who have done this by stealing at least $3 trillion dollars from the Department of Defense treasury, and by looting the American taxpayer to the tune of a cool trillion for the Iraq war.

shapoopie

13 Nov 2007 / #134

i really need to sell 220 zloty into Canadian $ somehow but i found out its illegal when i went there

telefonitika

14 Nov 2007 / #135

todays rate is $2 to the £1 in travel agencies in my town here in UK ..

Lukasz 49 | 1,746

19 Nov 2007 / #136

;)

he tanking US dollar is no longer cool in the world of rap. Fast forward to 1:20 in Jay-Z's 'Blue Magic' video and you'll see that Jay-Z is flashing 500 euro notes. Some see the switch as a sign of recession.

trendhunter.com/trends/death-of-the-dollar-jay-z-flashing-euros-a-sign -of-recession

what I want to add ... It seams tha whole western world have problem (esp Americans) our stock exchange has decreased as well who opened short positions ;) is happy but most of small investors are nervous ...

I have heard that it is in FED business when stock exchanges all over the world will decrease ... american investors will take their money form forign countries and in the resul will buy $ (and save its position) ... ehhh and that is all becuase of Iraq 3 trilions Dollars ...

szkotja2007 27 | 1,498

19 Nov 2007 / #137

So go short on cash and long on Gold.

Lukasz 49 | 1,746

19 Nov 2007 / #138

I've just sold my short positions because I wan to see if bear are going to win over 3450 (FW20) or Bulls are going to change direction of our market, and we have to many rumors about "THE END" if it is "THE END" I will play short by next two years ;) ... as to GOLD ... spread is to big it is better business to play on EUR/USD ...

Bryon 9 | 17

22 Nov 2007 / #139

Joe,
You need to read snopes.com, or even wikipedia, and it's evident that this whole "Amero" thing is a simple urban legend.

The U.S. wouldn't weaken its position by taking on the weaker economies and positions of its two socialist neighbors. Also, the Canadians stand to lose from such an arrangement by taking on the U.S. national debt. And none of these three nations are close enough friends to simply help each other out.

The people of the U.S. and Canada would never except such a thing, as both peoples are proud and willing to defend their sovereignty.

All these conspiracy theorist need to focus all their energy on a real problem. That may yield a result.

Crow 155 | 9,025

12 Dec 2007 / #140

Listen this

Iranian oil no longer available for U.S. dollars

20:43 | 11/ 12/ 2007
en.rian.ru/analysis/20071211/91913059.html

MOSCOW. (Dr Igor Tomberg for RIA Novosti) - Iran has decided to abandon oil export settlements in U.S. dollars.

Our current policy is to sell crude oil for any currency but U.S. dollars, Iran's Oil Minister Gholam Hossein Nozari said in a statement, adding that all settlements in the U.S. currency had been ruled out.

Iran has been considering this move for a long time, consistently limiting the inflow of petrodollars in the past two years. Iranian officials claim that the reason behind their decision is the devaluation of the dollar. An Iranian source said that the dollar's decline was greatly harming the oil exporting nations' economies and that they had no more trust in the U.S. currency.

However, there must be a political motive here as well. Parliament speaker Gholam Ali Haddad-Adel told a news conference in Baku in late November that "making most international settlements in U.S. dollars provides the United States with a tool to pressure other countries."

Soon expect war against Iran and note USA/NATO `necesity` to spread democracy

Zgubiony 15 | 1,553

12 Dec 2007 / #141

There won't be a war with Iran.... Bushy will be gone before then.

Crow 155 | 9,025

12 Dec 2007 / #142

but, before him was Clinton by Serbs remembered as `clitor` (don`t ask me why)

what would be after `busha`? another clitor maybe? or something else?

;)

szkotja2007 27 | 1,498

12 Dec 2007 / #143

Posted Dec 2006 - when Gold was $600 per troy ounce,

So go short on cash and long on Gold.

today $814 per troy ounce.
Still think its going to climb some more. A lot of people are going to pull out of currency and get into metals due to the actions of OPEC countries steering clear of the USD.

shopgirl 6 | 928

12 Dec 2007 / #144

I think the economy in the US will get worse before it gets better. I expect the dollar will go lower along with the economy. The US govt just made a small bail out to help the people facing foreclosures on homes as the result of loans given to people who could not really afford them. Take that along with oil prices that keep rising and the huge debt caused by the war in Iraq, and the US has some huge financial hurdles to jump before things can chug along smoothly again.

In the meantime, other countries will be hurt if the US can consume as much as it did before, but that will probably smooth out over time as other markets open. (after all, the Euro countries should be able to purchase plenty!)

Americans are facing another recession in my opinion, and worse than the one in the seventies. Time to tighten the belt and buy only the necessities. (And I wouldn't consider a laptop or a cell phone a necessity, btw). :)

BubbaWoo 33 | 3,506

12 Dec 2007 / #145

it's evident that this whole "Amero" thing is a simple urban legend

thenewamerican.com/node/6566

our political and academic elites hope to merge the United States, Canada, and Mexico into a North American Union (NAU) modeled after the European Union.

szkotja2007 27 | 1,498

12 Dec 2007 / #146

after all, the Euro countries should be able to purchase plenty!

Unfortunately for the US they are likely to be buying these from China.

Americans are facing another recession in my opinion

I share that view too and you are right, other countries will be dragged into recession too.

Crow 155 | 9,025

16 Dec 2007 / #147

How to beat recession? Just beat in DRUMS OF WAR and give another war to the world and new cycle of economic boom to America. And, yes then BLA BLA about American mission in the world, multiculturalism and democracy under THEIR rule...

American key partners already hurry to beat in DRUMS OF WAR

Despite Report, France and Germany Keep Pressure on Iran

By KATRIN BENNHOLD
December 7, 2007
nytimes.com/2007/12/07/world/middleeast/07iran.html?_r=2&oref=login&pagewanted=print&oref=slogin

PARIS, Dec. 6 — The leaders of France and Germany said Thursday that Iran remained a danger and that other nations needed to keep up the pressure over its nuclear program despite a United States intelligence report’s conclusion that Tehran was no longer building a bomb.

NATO Envoys Back Rice In Urging Iran Sanctions

By Matthew Lee
Associated Press
Friday, December 7, 2007; A34
washingtonpost.com/wp-dyn/content/article/2007/12/06/AR2007120602391_pf.html

Foreign ministers from the NATO alliance urged new U.N. measures to persuade Iran to stop uranium enrichment and reprocessing, despite a new U.S. intelligence report that concluded the country halted its nuclear weapons ambitions in 2003.

BDW, Franch downfall is absolute and complete. Germany don`t even deserve comments but, i would just say that new `quality` in new drang nach osten/Slavdom is that Germany managed to mobilize complete so called West to support her and even to manipulate with few Slavic countries thru NATO/EU institutions.

southern 74 | 7,074

16 Dec 2007 / #148

Weak US dollar fuels american exports because of lower prices.Americans also sell oil,so they make money of that as well(now Iraq's oil also).They do not have a problem as long as other states like Saudi,China lend them a lot of money.

If recession hits USA,they will divert it to another third world country economy.So many economists,they must have studied something.
I wonder how the strong euro helps european economies.Italians for example cannot devaluate thir currency anymore and as a result many cloth making companies closed due to cheap clothes' competition from China.In the past they could be competitive by simply undervaluating liretta.With euro the average people lost a lot of money due to increase of prices and much of work opportunities and stability.

shopgirl 6 | 928

16 Dec 2007 / #149

You must be kidding! War costs! To everyone.....in many ways!

The current war has already run up a huge debt. And there are two kinds of debt: the current cost of supplies, weapons, people, etc....and then there is the cost of taking care of all the vets who come home in pieces, who will need assistance for the rest of their lives.

And who can put a price on the lives lost and the suffering for everyone involved?

There are other ways to affect change...peaceful ways.

southern 74 | 7,074

16 Dec 2007 / #150

The current war has already run up a huge debt.

If there is a big debt,why so many are willing to continue sending troops?There must be some profits for some companies,not only the ones supplying the army.There are a lot of interests in favour of occupation.