What's the best way to strengthen the dollar? - XDTalk Forums - Your HS2000/SA-XD Information Source!

KEVWYO · 06-06-2008, 09:41 PM

The price of oil has more than doubled in the last 12 months and was up huge today. I know part of it is supply and demand but that certainly doesn't explain the insane increase in the cost of oil over the past 18 months or so. After all it's not like China and India have just suddenly decided to increase their oil use. Speculation like what todays increase was due to (Isreal saying Iranian sanctions weren't working; they will attack Iran if they continue with their nuclear programs as is) can certainly explain short term spikes. It seems that our weakening dollar seems to have one of the largest influences on oil costs over time.

So, how does this country begin to strengthen the dollar short term and long term?

Ride the Lightning · 06-06-2008, 09:57 PM

The first thing that needs to happen is for the government to quit printing more money when they are running short. They screwed themselves (OK, actually us) when they delinked it from gold 30+ years ago.

The second thing they need to do is take advantage of a product we have that the rest of the world wants or needs and can't get elsewhere for comparable price and quality. IMHO, this is where we've really screwed up by helping all these third world nations industrialize themselves and we started that 60 years ago after we nuked Japan. We have helped Japan, China, India, and damn near everyone else either directly or indirectly to industrialize and become competitive with our technology and manufacturing power. This allows them to make for themselves at massively reduced cost what they had been buying from us. With no demand for American goods we have no leverage in the world economy and our dollar plummets out of control. It would be a step in the right direction if we could convince Americans to buy American products, but why pay twice as much for half the quality? We've largely lost our national pride and it shows in our craftsmanship and our greed.

Third, turn back towards a representative republic and stop our gradual shift to communism.

Lastly, the nation needs to grow a pair and quit kissing ass around the world. Minding our own business and taking care of our own before somebody a world away also falls into this category.

KEVWYO · 06-06-2008, 10:05 PM

Quote:

Originally Posted by Ride the Lightning

The first thing that needs to happen is for the government to quit printing more money when they are running short. They screwed themselves (OK, actually us) when they delinked it from gold 30+ years ago.

Would it be logistically hard to re-link our currency to gold? Sorry for being ignorant but how does gold influence our currency? Guess I need an economics remediation!

**AZXD** · 06-07-2008, 04:23 AM

Q. What's the best way to strengthen the dollar?

A. Glue it to some cardboard.

I'm going shooting with some XDTALKer's
I'll get back to ya latter today

**PackerfanXD** · 06-07-2008, 04:43 AM

Quote:

What's the best way to strengthen the dollar?

The FED raising interest rates.

**Frenchy** · 06-07-2008, 06:33 AM

Quote:

Originally Posted by PackerfanXD

The FED raising interest rates.

Yes!...But what would be the cause and effect?

yeahYeah · 06-07-2008, 06:35 AM

minimize govt. control?

**PackerfanXD** · 06-07-2008, 10:00 AM

Quote:

Originally Posted by Frenchy

Yes!...But what would be the cause and effect?

I think it would help in the long run.

afmo · 06-07-2008, 10:35 AM

Quote:

Originally Posted by Frenchy

Yes!...But what would be the cause and effect?

the net effect would be a shift in funds from commodity markets (gold and oil anyone? both at record highs) and back into interest accounts. Speculators have driven both those commodities to record prices as a direct result of ben bernankes wreckless rate slashing. Rather than letting the mortgage crisis run its course, bernanke screwed us in the long run by trying to save everyone.

ducttape2 · 06-07-2008, 10:41 AM

Raise interest rates.

Reduce government spending.

Buckle up.

06-06-2008, 09:41 PM	#1
KEVWYO XDTalk 2K Member Join Date: Apr 2007 Location: Oregon Posts: 2,043	What's the best way to strengthen the dollar? The price of oil has more than doubled in the last 12 months and was up huge today. I know part of it is supply and demand but that certainly doesn't explain the insane increase in the cost of oil over the past 18 months or so. After all it's not like China and India have just suddenly decided to increase their oil use. Speculation like what todays increase was due to (Isreal saying Iranian sanctions weren't working; they will attack Iran if they continue with their nuclear programs as is) can certainly explain short term spikes. It seems that our weakening dollar seems to have one of the largest influences on oil costs over time. So, how does this country begin to strengthen the dollar short term and long term? __________________ Noli nothis permittere te terere. This is the political section there is no room for truth, justice and anything that's fair and right. - (one eyed fatman)

06-07-2008, 04:23 AM	#4
AZXD XDTalk 10K Member Join Date: Feb 2007 Location: Valley of the GUN Posts: 12,799	Q. What's the best way to strengthen the dollar? A. Glue it to some cardboard. I'm going shooting with some XDTALKer's I'll get back to ya latter today __________________ Voting for Obama is like putting a gun to your head and hoping he calls for its confiscation before you can pull the trigger - AZXD They tell you they are not going to tax your family. No, they’re just going to tax “businesses”! So unless you buy something from a “business”, like groceries or clothes or gasoline … or unless you get a paycheck from a big or a small “business”, don’t worry … it’s not going to affect you. Fred Thompson RNC Convention Speech

06-07-2008, 06:35 AM	#7
yeahYeah XDTalk 5K Member Join Date: Apr 2008 Location: Vegas Posts: 5,183	minimize govt. control? __________________ MOΛΩN ΛABÉ Beware the fury of a patient man. - John Dryden

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06-06-2008, 09:57 PM	#2
Ride the Lightning XDTalk 1K Member Join Date: Feb 2008 Location: Broken Arrow, OK Posts: 1,080	The first thing that needs to happen is for the government to quit printing more money when they are running short. They screwed themselves (OK, actually us) when they delinked it from gold 30+ years ago. The second thing they need to do is take advantage of a product we have that the rest of the world wants or needs and can't get elsewhere for comparable price and quality. IMHO, this is where we've really screwed up by helping all these third world nations industrialize themselves and we started that 60 years ago after we nuked Japan. We have helped Japan, China, India, and damn near everyone else either directly or indirectly to industrialize and become competitive with our technology and manufacturing power. This allows them to make for themselves at massively reduced cost what they had been buying from us. With no demand for American goods we have no leverage in the world economy and our dollar plummets out of control. It would be a step in the right direction if we could convince Americans to buy American products, but why pay twice as much for half the quality? We've largely lost our national pride and it shows in our craftsmanship and our greed. Third, turn back towards a representative republic and stop our gradual shift to communism. Lastly, the nation needs to grow a pair and quit kissing ass around the world. Minding our own business and taking care of our own before somebody a world away also falls into this category.

06-07-2008, 10:41 AM	#10
ducttape2 XDTalk 100 Member Join Date: Apr 2008 Location: Seattlestan Posts: 186	Raise interest rates. Reduce government spending. Buckle up.