Comments on: Concern about sharp decline of dollar? http://caffertyfile.blogs.cnn.com/2008/07/02/concern-about-sharp-decline-of-dollar/ Tell Jack how you really feel Sat, 19 Dec 2009 00:00:35 +0000 http://wordpress.com/ hourly 1 By: marco fincato http://caffertyfile.blogs.cnn.com/2008/07/02/concern-about-sharp-decline-of-dollar/#comment-424347 marco fincato Wed, 02 Jul 2008 23:56:47 +0000 http://cnncaffertyfile.wordpress.com/?p=532#comment-424347 I'm an European living in NYC. I have to change Euros in dollars immediately and buy a property in one of the most beautiful cities of the world. I cannot miss this occasion! The dollar will continue to decline because the country needs to import goods from Europe. Here nobody is producing anything anymore. German export is still strong despite the recession. And the Federal Reserve is playing with fire keeping the short term interest rates too low. A majior inflation will eventually make the dollar weaker. I was so doubtful regarding the introduction of the new European currency. Well, see what is happening..... I'm an European living in NYC.
I have to change Euros in dollars immediately and buy a property in one of the most beautiful cities of the world. I cannot miss this occasion!

The dollar will continue to decline because the country needs to import goods from Europe. Here nobody is producing anything anymore. German export is still strong despite the recession. And the Federal Reserve is playing with fire keeping the short term interest rates too low. A majior inflation will eventually make the dollar weaker.

I was so doubtful regarding the introduction of the new European currency. Well, see what is happening.....

]]> By: Tom Norris http://caffertyfile.blogs.cnn.com/2008/07/02/concern-about-sharp-decline-of-dollar/#comment-423856 Tom Norris Wed, 02 Jul 2008 21:37:09 +0000 http://cnncaffertyfile.wordpress.com/?p=532#comment-423856 Jack If we don't change by every american paying attention in this country to our politics, there will come a time when you will either be very rich, or dirt poor just as it is in South America...... Jack If we don't change by every american paying attention in this country to our politics, there will come a time when you will either be very rich, or dirt poor just as it is in South America......

]]> By: Karl in CA http://caffertyfile.blogs.cnn.com/2008/07/02/concern-about-sharp-decline-of-dollar/#comment-423827 Karl in CA Wed, 02 Jul 2008 21:31:38 +0000 http://cnncaffertyfile.wordpress.com/?p=532#comment-423827 Jack, I am very concerned. I'm on a fixed income and my grocery budget is pretty much static. I take blood pressure and Cholesterol medications and have always tried to eat healthy. As the cost of food and everything else goes up, I am being forced to buy whatever is on sale this week, whether it;s good for me or not. Until Bush's solid dollar is replaced by a real solid dollar, I'm afraid I'm on a limited diet. Jack, I am very concerned. I'm on a fixed income and my grocery budget is pretty much static. I take blood pressure and Cholesterol medications and have always tried to eat healthy. As the cost of food and everything else goes up, I am being forced to buy whatever is on sale this week, whether it;s good for me or not. Until Bush's solid dollar is replaced by a real solid dollar, I'm afraid I'm on a limited diet.

]]> By: David Richards http://caffertyfile.blogs.cnn.com/2008/07/02/concern-about-sharp-decline-of-dollar/#comment-423826 David Richards Wed, 02 Jul 2008 21:31:05 +0000 http://cnncaffertyfile.wordpress.com/?p=532#comment-423826 I think about the value of the dollar everytime I go to the gas station. Oil isn't the only commodity spiking in price. Like oil, gold is priced in dollars and is also rising sharply. The Bush Administration routinely complains about Chinese monetary policy but they don't seem the least bit concerned about the effects of their own monetary policy. The full faith and credit of the US government is seriously in doubt and the dollar is showing it. I think about the value of the dollar everytime I go to the gas station. Oil isn't the only commodity spiking in price. Like oil, gold is priced in dollars and is also rising sharply. The Bush Administration routinely complains about Chinese monetary policy but they don't seem the least bit concerned about the effects of their own monetary policy. The full faith and credit of the US government is seriously in doubt and the dollar is showing it.

]]> By: Dennis From Phoenix Arizona http://caffertyfile.blogs.cnn.com/2008/07/02/concern-about-sharp-decline-of-dollar/#comment-423824 Dennis From Phoenix Arizona Wed, 02 Jul 2008 21:30:48 +0000 http://cnncaffertyfile.wordpress.com/?p=532#comment-423824 I've been concerned for some time now. Given the fact that this nation sends all of its wealth to the middle east for oil and to China for imports, we live in some pretty sad times becasue that wealth is not comming back home. The only real beneficiaries of the Bush / Grand Oil Party are the rich and wealthy and it has all come at the expense of the middle and lower classes and democracy. If people are not mad, then something is terribly wrong. I've been concerned for some time now. Given the fact that this nation sends all of its wealth to the middle east for oil and to China for imports, we live in some pretty sad times becasue that wealth is not comming back home. The only real beneficiaries of the Bush / Grand Oil Party are the rich and wealthy and it has all come at the expense of the middle and lower classes and democracy. If people are not mad, then something is terribly wrong.

]]> By: Jaycie, Los Angeles http://caffertyfile.blogs.cnn.com/2008/07/02/concern-about-sharp-decline-of-dollar/#comment-423823 Jaycie, Los Angeles Wed, 02 Jul 2008 21:30:44 +0000 http://cnncaffertyfile.wordpress.com/?p=532#comment-423823 Very. In case you hadn't noticed, our financial house is in a virtual state of collapse, courtesy of the Bush Administration. How many people understand that the Iraq war is bing paid for with borrowed funds? Debt which will have to be paid back by our children and grandchildren with interest. It has long been the dream of the neocons to eliminate ALL social programs including Medicare, Social Security, public schools and many other programs. Since they have been unsuccessful, they are seeking to attain this goal by bankrupting our country so that we will no longer be able to afford any social programs. Just pay your taxes and don't dare to expect anything in return. Of course, the wealthy, as always, will have their wealth to insulate them from the dire effects of such neocon malevelence. Very. In case you hadn't noticed, our financial house is in a virtual state of collapse, courtesy of the Bush Administration. How many people understand that the Iraq war is bing paid for with borrowed funds? Debt which will have to be paid back by our children and grandchildren with interest. It has long been the dream of the neocons to eliminate ALL social programs including Medicare, Social Security, public schools and many other programs. Since they have been unsuccessful, they are seeking to attain this goal by bankrupting our country so that we will no longer be able to afford any social programs. Just pay your taxes and don't dare to expect anything in return. Of course, the wealthy, as always, will have their wealth to insulate them from the dire effects of such neocon malevelence.

]]> By: Tom - Las Vegas, Nevada http://caffertyfile.blogs.cnn.com/2008/07/02/concern-about-sharp-decline-of-dollar/#comment-423821 Tom - Las Vegas, Nevada Wed, 02 Jul 2008 21:30:31 +0000 http://cnncaffertyfile.wordpress.com/?p=532#comment-423821 Very concerned, the decline in the dollar also leads towards long term inflation. With manufacturing weakened in the US we must rely on other countries to provide goods to us. We'll see prices for these goods rise because of the weak dollar, at the same time we see wage stagnation in the US. Gotta love the free-market global economy, big business can screw anyone in pursuit of a larger profit margin. Very concerned, the decline in the dollar also leads towards long term inflation. With manufacturing weakened in the US we must rely on other countries to provide goods to us. We'll see prices for these goods rise because of the weak dollar, at the same time we see wage stagnation in the US. Gotta love the free-market global economy, big business can screw anyone in pursuit of a larger profit margin.

]]> By: Maria of Los Angeles http://caffertyfile.blogs.cnn.com/2008/07/02/concern-about-sharp-decline-of-dollar/#comment-423818 Maria of Los Angeles Wed, 02 Jul 2008 21:29:56 +0000 http://cnncaffertyfile.wordpress.com/?p=532#comment-423818 I'm very concern that U.S. is becoming a third world nation and surely the standard of living is in the decline. The great disparity between the haves and have nots have been going on in this country and this sign is a precursor of how a third world nation operates. I have lived in one and Americans will not know what to do when they are humbled. I'm very concern that U.S. is becoming a third world nation and surely the standard of living is in the decline. The great disparity between the haves and have nots have been going on in this country and this sign is a precursor of how a third world nation operates. I have lived in one and Americans will not know what to do when they are humbled.

]]> By: George Tatum http://caffertyfile.blogs.cnn.com/2008/07/02/concern-about-sharp-decline-of-dollar/#comment-423817 George Tatum Wed, 02 Jul 2008 21:29:44 +0000 http://cnncaffertyfile.wordpress.com/?p=532#comment-423817 Very much concern, because Mr. Bush gets to retire and a lot of hard working americans won't, ( Who can save anymore) ,The low value of the dollar will not allow middle class america retirement, but it won't affect the Bushes. The President has rob the american people without using a gun. This should be grounds for arrest. Very much concern, because Mr. Bush gets to retire and a lot of hard working americans won't, ( Who can save anymore) ,The low value of the dollar will not allow middle class america retirement, but it won't affect the Bushes. The President has rob the american people without using a gun. This should be grounds for arrest.

]]> By: Joan in Boca Raton, FL http://caffertyfile.blogs.cnn.com/2008/07/02/concern-about-sharp-decline-of-dollar/#comment-423816 Joan in Boca Raton, FL Wed, 02 Jul 2008 21:29:33 +0000 http://cnncaffertyfile.wordpress.com/?p=532#comment-423816 Konichiwa Jackieson, if you can't beat 'em join 'em. We would all be wise to convert our impending repos into bed and breakfasts for the hords of European and Asian jet-setters that are just dying to come to America. Screw the Almighty Dollar...It's just as easy to count Yen as U.S. green. Repeat after me, Ichi Ni San Shi Go (1,2,3,4,5). Konichiwa Jackieson, if you can't beat 'em join 'em. We would all be wise to convert our impending repos into bed and breakfasts for the hords of European and Asian jet-setters that are just dying to come to America. Screw the Almighty Dollar...It's just as easy to count Yen as U.S. green. Repeat after me, Ichi Ni San Shi Go (1,2,3,4,5).

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