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Weak US dollar in Poland and other countries...


shopgirl 6 | 928  
16 Dec 2007 /  #151
Honestly, Southern...I don't know why we keep sending troops. Congress and Bush cannot agree on budget for the war. Bush says give me at least this much or I will veto the proposal.....so it goes back and forth.

Whoever is suppling the troops.....it is not enough to support the whole economy. Things are different now.....the economy is big.
szkotja2007 27 | 1,498  
16 Dec 2007 /  #152
Americans also sell oil,so they make money of that as well

From the CIA webpage -
Oil - production:
7.61 million bbl/day (2005 est.)
Oil - consumption:
20.73 million bbl/day (2004 est.)
Oil - exports:
1.048 million bbl/day (2004)
Oil - imports:
13.15 million bbl/day (2004)
BubbaWoo 33 | 3,510  
16 Dec 2007 /  #153
wouldnt it be ironic if the same people financing and profiting from the war were the same people who orchestrated it in the first place
Crow 152 | 9,787  
17 Dec 2007 /  #154
Next question is- Why would Slavic Poland accept that Poles serve as cannon fodders in that situation?

and, new question- What are Polish chances to escape from unpleasant obligations to NATO?

You must be kidding! War costs!

No, unfortunately it isn`t joke. SG you know it

Yes, war costs but for somebody war is investment.
southern 75 | 7,096  
17 Dec 2007 /  #155
Yes, war costs but for somebody war is investment.

You invest on technology and much more things than sb can imagine.Computers,mobile phones,transistors etc were invented for military use before becoming commercial for the public.The army pushes technology even in medicine in some cases.It is a huge investment.

It also gives the opportunity to destroy old industries by bombing and clearing the ground for building brand new ones with funds that follow.War always has given a bust in american economy.In WW2 no unemployment in USA after the thirties crisis.

Bush has a general grasp in my opinion about basic economic principles and he has some competent counselors and people who estimate everything using hardcore,advanced logistics.
Crow 152 | 9,787  
17 Dec 2007 /  #156
You invest on technology and much more things than sb can imagine.Computers,mobile phones,transistors etc were invented for military use before becoming commercial for the public.

speaking about experiments and about use of new technologies in military purpose

It reminds me on German experiments on Jews and other people in concentration camps, especially issues in case with gas chambers and production of soap from `organic` materials. Or think about horrid experiments on children... How many time bones of children (till age of 10 years) can be healed before it deformed permanently (use your worse imagination in case with nature of experiments)?

Or take newest examples from NATO bombardment of Serbia, Krajina, Bosnian and Kosovo Serbs. Especially `interesting` was use of those, those things which tend to seek for electric cables and combined with them (spread by aircrafts), which purpose was to leave targeted region without electricity. It returned us to stone age. Or think about of all those `claver` bombs and projectiles with uranium. Even poisoned insects with some new and strange diseases were used against us.

Honestly, when comes the night I expect to see how people near me and myself reflects green aura around bodies. Many people already dies from cancer. That was rare once but today Serbs of Balkan (Serbia, Bosnia, Herzegovina, Krajina, Kosovo, Metohija) are nation with biggest number of deadly cancer cases.

What you think how many people in Poland ever get information about this, brate? And, in advance BBC, CNN and Deutsche Welle, etc media prepared public that Serbs got what they deserved. All was allowed against Serbs. Seams that use of mujaheedines against us was little joke in comparison with other methods.
jonni 16 | 2,485  
17 Dec 2007 /  #157
The smart money seems to think that the dollar will recover somewhat. I found this today, while I was checking: waluty.onet.pl/1437025,artykul.html

I'm thinking that as all those million+ Poles return to Poland for Christmas and start changing their pounds to złotych, it might be time for a bit of pound trading, since there always seems to be a hiccup around Christmas, and will probably be a bit more so this year.
southern 75 | 7,096  
17 Dec 2007 /  #158
Honestly, when comes the night I expect to see how people near me and myself reflects green aura around bodies. Many people already dies from cancer. That was rare once but today Serbs of Balkan (Serbia, Bosnia, Herzegovina, Krajina, Kosovo, Metohija) are nation with biggest number of deadly cancer cases.

I will not be surprised if they get the medical data concerning number of deaths from thyroid cancer or leukemia before and after the bombardment and correlate them to the bombing density with uranium in order to find out the long term effects of these weapons.
shopgirl 6 | 928  
18 Dec 2007 /  #159
Even if there weren't any carcinogens found from NATO weapons, plenty of PCB's and other poisons were released from the effects of bombing the oil refinery and other industries.

That doesn't go away for a long time.....very sad, especially for the children growing up in Novi Sad. :(
southern 75 | 7,096  
18 Dec 2007 /  #160
There is no slow releasing uranium there supposed to penetrate the tanks armour?This is very difficult to spot and remove.
Serbs are one of the most handsome nations in the world.White,tall people very western looking.To bomb them and induce mutations in their DNA or disturb the development of their children is a crime.
Crow 152 | 9,787  
18 Dec 2007 /  #161
Even if there weren't any carcinogens found from NATO weapons, plenty of PCB's and other poisons were released from the effects of bombing the oil refinery and other industries.
That doesn't go away for a long time.....very sad, especially for the children growing up in Novi Sad. :(

Most of time during NATO bombardment i spent on my weekend house on The Holly Mountain of Fruška Gora, near the banks of Danube in Srem.

But, once luck abandoned me when i visited my apartment in town (Novi Sad). Rafinery of Novi Sad was heavily bombarded that day and i was stupid enough to leave my window open before I went to sleep a little after lunch. I suddenly wake up and almost collapsed from smoke and who knows which kind of poisons. Apartment was full of it. Believe me, even today I can physically feel that disgusting feeling in my stomach and head.
southern 75 | 7,096  
18 Dec 2007 /  #162
If you had to bomb a place would you bomb its military facilities,its industries,its infrastructure or its people?
terrencekeenan 3 | 17  
18 Dec 2007 /  #163
About the dollar - it's an adjustment in the right direction. Deficit is becoming too large a burden to bear. As far as the zloty is concerned, I don't know what direction that might go on, but since it's hinged on the euro, we could expect it to play out likewise.

This is a bit unrelated, but the cost of living between the U.S. and Poland is extremely large for me. We were looking at houses in STL and planned on paying about 720 USD a square meter. Although it was in the city limits, it was a nice neighborhood, and on top of that had a second family to rent for 700 USD a month. Now we come to Poland and are seeing a square meter go for 3-4000 zloty. Kind of puts a financial damper on the potential move.
lef 11 | 478  
18 Dec 2007 /  #164
Now we come to Poland and are seeing a square meter go for 3-4000 zloty. Kind of puts a financial damper on the potential move.

these prices won't last, give it time and it will come back to a more realistic level!
Crow 152 | 9,787  
20 Jan 2008 /  #165
Interesting article...

Is the United States bankrupt?

by Laurence J. Kotlikoff

Many would scoff at this notion. Others would argue that financial implosion is just around the corner. This paper explores these views from both partial and general equilibrium perspectives. It concludes that countries can go broke, that the United States is going broke, that remaining open to foreign investment can help stave off bankruptcy, but that radical reform of U.S. fiscal institutions is essential to secure the nation's economic future. The paper offers three policies to eliminate the nation's enormous fiscal gap and avert bankruptcy: a retail sales tax, personalized Social Security, and a globally budgeted universal healthcare system.

--Federal Reserve Bank of St. Louis Review, July/August 2006, 88(4), pp. 235-49.

NOTE: Laurence J. Kotlikoff is a professor of economics at Boston University and a research associate at the National Bureau of Economic Research.

Source: research.stlouisfed.org/publications/review/06/07/Kotlikoff.pdf

So, is the US bankrupt?

I would say- Yes. Fiscally and morally.
szkotja2007 27 | 1,498  
20 Jan 2008 /  #166
Got it, its quite a read to digest fully, but a cursory glance would say the policies suggested would not stave off a recession. I would hesitate to say financial meltdown as the US has money which has to go somewhere, however, I do think a new president will have to do something to alleviate the national deficit which will affect everyone. As always, those that have the most will be least affected.
Crow 152 | 9,787  
23 Jan 2008 /  #167
US recession to have less marked effect on Polish real-estate than onother developed markets

09:47 GMT, Jan 22, 2008
interfax.com/5/356632/news.aspx

WARSAW. JANUARY 22. INTERFAX CENTRAL EUROPE - A recession in the United States will not affect the Polish real-estate market as negatively as it could hit other developed markets, such as those in the UK or Spain, Dorota Latkowska, head of Capital Markets and parner for international real estate agency Knight Frank, told Interfax Tuesday.

Got it, its quite a read to digest fully, but a cursory glance would say the policies suggested would not stave off a recession. I would hesitate to say financial meltdown as the US has money which has to go somewhere, however, I do think a new president will have to do something to alleviate the national deficit which will affect everyone. As always, those that have the most will be least affected.

USA recession can be commented from different angles...

According to simplistic definition it can be said that country is bankrupt when it exports are less than its imports.

On the bright side recession is just a normal part of the economic cycle. So, Americans just need to be patient and to sacrifice a little of their high consumption. If they can`t be patient, few wars all over the globe would fix the problem (that`s the USA way and it is called `American mission`).

Interesting development

roles are reversed somehow

Seams that we now live in world where USA endangers international security and Russia defending internationally established order. USA is turned into some powerful Empire in crisis, without control and Russia starting to progress, to be cooperative.

But, there is more... Could Russia offer solution for global crisis?

Russia, island of stability, may save the world from global crisis

24.01.2008 Source: Pravda.Ru
english.pravda.ru/russia/economics/24-01-2008/103625-russia_crisis-0

Fragments from article:

Russia's Minister for Finance, Aleksey Kudrin, released a sensational statement Wednesday. Speaking at the World Economic Forum in Davos, the Russian minister offered to mitigate the world credit crisis with the help of Russia's reserves. Kudrin stated that Russia was an "island of stability in the sea of the world crisis."

It is not really clear how Russia would be able to help soften the world crisis. In theory, Russia could invest a part of its gold and currency reserves into U.S. treasury bonds. It could support the USA's liquidity and stop the dollar reduction.

Lukasz 49 | 1,746  
28 Feb 2008 /  #168
EUR-USD

stooq.com/c/?s=eurusd&c=1y&t=l&a=ln&b

Euro - Polish Zloty (PLN)

stooq.com/c/?s=eurpln&c=1y&t=l&a=ln&b

USD - PLN

stooq.com/c/?s=usdpln&c=1y&t=l&a=ln&b

GDP - PLN

stooq.com/c/?p&s=gbppln&c=1y

I don't know If our emigrants form USA/UK/Europe are happy
Dzhaklin 3 | 166  
28 Feb 2008 /  #169
"On one issue particularly worrisome to American consumers, there are indications that paying $4 for a gallon of gasoline is not out of the question once the summer driving season arrives. Asked about that, Bush said "That's interesting. I hadn't heard that. ... I know it's high now."

What Bush said this morning in his speech about how America is not in a recession just a "SLOW DOWN"

Okay, if you watch the news in any other country than America they've been saying there has been a recession for a while but apparently things are just "slow"
Lukasz 49 | 1,746  
29 Feb 2008 /  #170
Strong Polish Zloty isn't problem for Exporters. Data in bilions Euro.

Polish Export

export

no body will buy your bones and $ will be weaker ...

yes and speculators (me ;) ) take opportunity to earn some money ...

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

:) have a nice lecture

I HAD SCENARIO :)))
southern 75 | 7,096  
20 Apr 2008 /  #171
Lukasz is this increase in exports towards non-EU or EU countries where euro is strong as well?How much is the increase in imports from non-EU countries and USA in particular?
Lukasz 49 | 1,746  
20 Apr 2008 /  #172
Lukasz is this increase in exports towards non-EU or EU countries where euro is strong?

It is polish export in general (to US, EU and Russia)
southern 75 | 7,096  
20 Apr 2008 /  #173
I bet the incease concerns exports to EU countries,mainly of agricultural,subsidized products and was foreseen,expected and negotiated.
Lukasz 49 | 1,746  
20 Apr 2008 /  #174
;o) to be honest agricultural products are not so important in our export ...
southern 75 | 7,096  
20 Apr 2008 /  #175
I know,it mainly regards manpower.Just kidding.It is interesting,what are the main polish products to export?Do you still produce ships in shipyards?Do you export coal or steel?Is there IT industry developed?
Lukasz 49 | 1,746  
20 Apr 2008 /  #176
Ok this year is going to be weaker (like everywhere)

We export less and less coal and ships. Agricultural producst are not so important as they were. We export furintures, paper, coper, computer software, vodka, weapons (mainly India, Pakistan and China), AGD, cars.
ski 7 | 140  
2 Jul 2008 /  #177
yeah strong Zloty is problem but it is great opportunity to pay all debts in $ ;) no i'm not talking about other dicussions we had today.

somebody earned great money with beautiful prediction of whole crisise in USA.

now inflation is going to be more problematic and low rates must be changed ... it will neagtively affect GDP growt (I am talking about usa) but it can make $ stronger.
shopgirl 6 | 928  
23 Sep 2008 /  #178
With the financial crisis of the stock market and bank collapses happening now in the US, the dollar will probably end up not worth the paper it is printed on. There are clowns running the US into the ground.
dcchris 8 | 432  
23 Sep 2008 /  #179
i couldnt be any happier to be earning plz the dollar has been artificially inflated for years
dcb  
28 Oct 2008 /  #180
well dollar is not so weak as it was few weeks ago.

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