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Euro almost at it's introductory value vs the Dollar!

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  • #61
    Kidicious, the US is an attractive place to invest because of lower corporate taxes than in many countries in Europe. In France and Germany taxation is horrendous, especially corporate taxation. And the rest of your arguments are at best silly and baseless. You have no concept of that a weak dollar would lead to more US exports, thus driving up the manufacturing sector. Also your arguments on the US Dollar losing status is even more silly. That is not possible in any way.

    I suggest taking economic courses before spewing this crap. I had to take one.. university level... I scored 4 out of 5 on the Macro, and 5 out of 5 on the Micro. Some may think.. well Fezzie doesn't have any credibility or knowledge on the subject, think again.
    For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

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    • #62
      All I know is my father in law in Moscow is really unhappy. He gets paid in dollars.

      While the Euro rises against the ruble, the dollar sinks. That means less take-home pay for him thanks to being pinned to the "key currency".
      -Blackclove

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      • #63
        didn't dad warn you from talking about this? He's working for the CIA now, you know.
        urgh.NSFW

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        • #64
          Originally posted by GP
          Kid, you are really, really silly. Even as you examine your own comments, you must realize that you don't actually know how these things work. You certainly can't give insightful comments.
          You tell me how things work then. Start with the trade deficit.
          Last edited by Kidlicious; May 3, 2003, 18:16.
          I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
          - Justice Brett Kavanaugh

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          • #65
            Perhaps I wasn't clear enough. Maybe some one else can explain internation trade to GP and Fez.
            I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
            - Justice Brett Kavanaugh

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            • #66
              Kidicious, don't talk to me about international trade. I had to do reports up to my arm pits on that. Those two words make me cringe. I know all there is to know. You obviously have been mistaken. You do not know what a weak currency is and its after effects. A weaker currency increases exports thus providing a boost to the manufacturing sector.
              For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

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              • #67
                Originally posted by Kidicious
                Perhaps I wasn't clear enough. Maybe some one else can explain internation trade to GP and Fez.
                You certainly haven't backed up your theory of how exchange rates or the US economy would crater based on less use of the dollar as a medium of exchange outside the US.

                P.s. You and Fez are about matched. I know at least enough to know what I don't know. You and Fez are ignorant enough not to know that.

                Oh, and by the way, whats your econ background?

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                • #68
                  Ouch, GP take it easy on me... I wasn't attacking you. I am sure you got a better econ background than I do.
                  For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

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                  • #69
                    Originally posted by GP
                    You certainly haven't backed up your theory of how exchange rates or the US economy would crater based on less use of the dollar as a medium of exchange outside the US.
                    I answered all the quesions that you asked. If you have more questions go ahead and ask. I don't know everything about it, but I haven't made up anything. You don't have to agree with me about how bad it would be for the world economy, but you should understand that there would be negative consequences.

                    Originally posted by GP
                    Oh, and by the way, whats your econ background?
                    And yes I do have a BA in Econ, so that is a little more than Fex
                    I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                    - Justice Brett Kavanaugh

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                    • #70
                      How did somebody as arrogant as you kidicious, get a BA in econ?
                      For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

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                      • #71
                        Read Paper Money by Adam Smith (George J. W. Goodman) if you want to learn more about it or understand what I've been talking about.
                        I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                        - Justice Brett Kavanaugh

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                        • #72
                          What exactly have you been saying, kidicious? All of what I been saying is standard with currency strength/weakness. It is a fact that a weaker currency will induce further growth in the industrial sectors. To deny this is pure ignorance. That is all I have been saying.
                          For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

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                          • #73
                            Originally posted by Fez
                            How did somebody as arrogant as you kidicious, get a BA in econ?
                            Don't call the keddle black
                            I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                            - Justice Brett Kavanaugh

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                            • #74
                              Originally posted by Fez
                              What exactly have you been saying, kidicious? All of what I been saying is standard with currency strength/weakness. It is a fact that a weaker currency will induce further growth in the industrial sectors. To deny this is pure ignorance. That is all I have been saying.
                              That's true, but it also reduces the foreign investment that come into your country. The US gets more foreign invesment because foreign investment is the natural place for the dollars that leave the US.

                              Foreign investment=Trade Deficit-Currency held outside the country
                              I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                              - Justice Brett Kavanaugh

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                              • #75
                                Didn't take long for the euro to beat the dollar BTW.

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