"Who will tell the people?" A well written opinion piece from the NYT

[Judge]

If you'd ever learn to turn down the ranting, we'd be better able to answer your posts, not that they would have any more content... but you did try to feign a partial answer and it's what I figured, you have no clue...

Answers embedded:

Originally Posted by cucamelsmd15

Your question was answered. Weaker dollar? Higher prices, which means less in peoples pockets.

Wow, just waaay wrong. First of all a weaker dollar means foreign goods are more expensive to sell here - the manufacturer can either eat the loss in exchange rates (which many have chosen to do - such as toyota) or raise their prices (which makes their products uncompetitive.) It makes domestic producers better able to compete an improves their foreign sales/profits, as they are able to cut their prices and maintain the same profit margin or keep their prices the same and make higher profits.

So it helps the American worker and creates jobs - that is why China and Japan have artificially tried to keep their currencies weaker. It does not necessarily nor rarely does it translate to inflation - you're clueless, which we had no doubt anyway. And if you care to use the price of gas as an inflationary example, if you check the numbers over the past 6 months to two years you'll notice the gas price has increased anywhere from 5% to 20% over the currency devaluation - which shows there are other factors involved such as demand from china, indonesia, india. But most American spending is domestic or from Foreign producers that have held prices steady, that is why the dollar is down about 15% the past year and inflation has only been around 6%.


Not that the facts matter to you.
Next:

Its directly tied to foreclosure rates. Common sense really, not that I expected you to realize that.

That's really a rational answer, again not that we expected anything different. Soo, you don't think the lending policies, accepting poor credit risks, allowing them to borrow over their ability to repay with no equity, in the late 90's and early 2000's had anything to do with it? ROTFLMAO... There is nearly zero correlation between the relative strength of the currency and foreclosure rates. Again, we know facts aren't your strong point.



Weaker dollar? Higher oil prices historically, not that I expected you to realize that either. Weaker dollar? Sliding markets worldwide, as referenced by my previous links.

As I've said before, the price of oil is related to the dollar - it's usualy priced in dollars and when the dollar weakens, it makes foreign purchases of oil cheaper - increasing demand. However, I've shown the price of gas has increased more than the fall of the dollar, revealing other significant factors. The price of oil has increased from 80 to 120 a barrel over the past year, a 50% increase, while the dollar is down about 18%. I guess your gonna blame the whole increase in crude oil also on the weaker dollar - after all none of us 'economists' realize that because it's 'common sense'...

Oh, and tell us how the Chinese market has done over the past few years, or the London, Amsterdam markets - since the dollar has been sliding for several years (since 2003)... I'm curious to see your standard for "sliding markets worldwide" - since you say it's tied to the weakening dollar.



Again, that only scratches the surface. For someone who is a self-proclaimed expert in economics, you should realize this.

Jesus Christ, I can explain it to you, but I cant comprehend it for you.

Yeah, thanks for that 'enlightening' explanation and the blasphemous retort. Pure class and wit there.... but it does match your mastery of economics and facts.

Still waiting Judge. Because as you say

Ok..


So, lets hear it, refute these two statements.

Why should I 'refute' them, i never argued the affirmative? Again, your mastery or the lack of, the facts is just overwhelming at times.

Multi-national companies farm their research out to the US in DROVES lately because its less out of their pocket. Rephrased, its MORE money into another countries pocket.

Capital has always found it's 'highest and best use'. That hasn't changed. As the skills of other nations have improved, as they are willing to do the same for less (if they can do the same) then companies should hire the best value, it's what will keep them in business. It allows them to sell a better product cheaper which puts even more money in American's pockets - just like NAFTA has led to more jobs overall, some industries have lost - they couldn't compete, while others have gained and new ones have emerged. It's the process of Schumpeter's "Creative Destruction" and is what makes our economy the best in the world for the past 100 years or so.

Note that I did not say ANYTHING about every other currency being a fiat currency.

I've already answered this showing how your echoed comments about 'funny money'. It's not my fault you don't know what funny money is - you shouldn't use terms or support ideas when you have no clue about them.

[cucamelsmd15]

Originally Posted by Judge

If you'd ever learn to turn down the ranting, we'd be better able to answer your posts, not that they would have any more content... but you did try to feign a partial answer and it's what I figured, you have no clue...

Answers embedded:

Talk about someone that has no clue.

Yeah, that was all the confirmation I needed. You were done before you even started. Ask for a refund on your mail order PhD.

[Ed Ely]

It appears that the debate has turned
into more than debates, but bickering
back and forth and naming calling.

Staying on the subject matter is also
in order.

Inasmuch as I dislike this chore, I am
closing this thread.

Ed