US Dollar hits all-time low against Euro

The Euro is the NWO. Europe doesn't exist as it did ten years ago. You poor bastards don't even realise you no longer exist as independent nations. You are nothing more than copies of your neighbors now. How the hell did you Brits fall for this? And you Germans, my God. One currency, one nation. I pity you all. If the US ever goes Euro I'll kill myself!

Edit: Did you Brits fall for this yet? Maybe not. Sorry. Why in the heck would you even think about it?

[edit on 6-11-2004 by TexasConspiracyNut]

Originally posted by TexasConspiracyNut
The Euro is the NWO. Europe doesn't exist as it did ten years ago. You poor bastards don't even realise you no longer exist as independent nations. You are nothing more than copies of your neighbors now. How the hell did you Brits fall for this? And you Germans, my God. One currency, one nation. I pity you all. If the US ever goes Euro I'll kill myself!

Edit: Did you Brits fall for this yet? Maybe not. Sorry. Why in the heck would you even think about it?

[edit on 6-11-2004 by TexasConspiracyNut]

Texas,

did you EVER EVER been in Europ? and If so, for how long, and where.


Thank you on your time.

I.

Originally posted by TexasConspiracyNut
The Euro is the NWO. Europe doesn't exist as it did ten years ago. You poor bastards don't even realise you no longer exist as independent nations. You are nothing more than copies of your neighbors now. How the hell did you Brits fall for this? And you Germans, my God. One currency, one nation. I pity you all. If the US ever goes Euro I'll kill myself!

Edit: Did you Brits fall for this yet? Maybe not. Sorry. Why in the heck would you even think about it?

[edit on 6-11-2004 by TexasConspiracyNut]

You obviously know not what you are talking about. It isn't like that at all, do some research and reading.

I do however think that the change from trade in dollars to the Euro could be devastating for the US economy. No matter how optimistic you are, the US economy really doesn't appear to be in that good a position right now.

I also do not see how further tax cuts will benefit the economy. Where is funding going to come from, if not the people?

[edit on 6-11-2004 by Kriz_4]

I don't profess to know too much about economics, but I can see whats happening in the world.

Western countries have hit unprecedented levels with personal credit card debts. People are living beyond their means in pursuit of materialism.

Our stock markets are over inflated and don't be surprised if there is a major re-adjustment in the near future.

The U.S economy is being pushed to the limit, with government spending seemingly out of control. It really is sailing into unknown waters. That may not concern the average american, but it has a big effect on small economies like Australia. As the U.S dollar drops, our government keeps compensating so the ozzie dollar doesn't get to strong against the greenback. Trouble is, it makes our money even more worthless than it is already.

As long as the US dollar is the world's reserve currency then it will still withstand deficits, and the dollar will never significantly shrink.

What will effect the US economy is the day that it cease to be the reserve currency. My bet is on the yuan, although it could be the euro. If the EU wants it enough it could get it, but it won't fall into its lap.

Originally posted by TexasConspiracyNut
The Euro is the NWO.

- No it isn't. Don't be so silly.

The Euro is the currency of (most of) the EU. The EU does about 80% of it's trade internally within itself, actually.

How is this meant to be more NWO than the already existant global $ is? What? Just cos it isn't American?

Europe doesn't exist as it did ten years ago.

- I think you'll find 'Europe' is as old as the rest of the earth approx 4.5billion years IIRC.

If you meant the EU, well that has been evolving since the end of WW2 really.

The UK for instance, one of the last western European 'joiners', has been a member of the European Community since the early 1970;s.....a tad longer than 10yrs I trust you'll agree.

You poor bastards don't even realise you no longer exist as independent nations.

- Well that is just garbage. We do. In every meaningful legal sense.

What are you talking about?

You are nothing more than copies of your neighbors now. How the hell did you Brits fall for this?

- I think you'll find the global corporations with their global corporate identities are more responsible for the identa-kit city look.

Not the EU.

But obviously you don't know wht you are talking about. Paris is not like London is not like Berlin is not like Athens is not like Dublin....this is absurd rubbish, sorry but it is.

And you Germans, my God. One currency, one nation. I pity you all.

- We laugh at your pity. Europe has done very well out of our cooperation thank you very much.

Jayzuss compared to the track record of the old completely independant competitive nation states there is no comparison. Wise up.

Rather than preach this guff you could try finding out a little about us and we are about....and - at least to begin with until you have even half a clue - stay away from the conspiracy nuts, huh?

If the US ever goes Euro I'll kill myself!

- Well, dang but no offence bud but from the ding-bat manner in which you're talking about this I'd lock the ol' shoot-gun away now if I were you. Boy. Sheeeet!

Edit: Did you Brits fall for this yet? Maybe not. Sorry

- Don't you know? The UK has been full members of the EEC/EU since the early 1970's. We aren't yet in the Euro but for us it isn't that simple (it's a hang over from Empire as much as anything and the �'s vestigle place as a world currency of sorts).

Why in the heck would you even think about it?

- Most useful thing you've said yet.

Yes, let's think about this.

Why would we all have even thought about it - never mind done it for decades? Hmmmm?



[edit on 8-11-2004 by sminkeypinkey]

Originally posted by Volkgeister
As long as the US dollar is the world's reserve currency then it will still withstand deficits, and the dollar will never significantly shrink.

Excellent point.
Interesting also that Iraq was one of the first oil producers to sucessfully make this change,...hmmm.

But the President does not control the economy, as those who are running for the hills ought to know. Nor will his re-election change alot of the fundamentals that direct the economy.

If it wasnt for the last decade or so of asian and other countries buying T-bills, the economy would have been long gone no matter who was president.

But basically, if most producer's sell their oil in USD, everything will remain generally ats it is. Also USD dollarization of other countries is the prime objective to keep foreign interest in the buck. Many oil buying countries stockpile USD for easy oil purchases, as well as posturing for their own currency valuation.

China holds a wild card, and if they ever do devaluate, it could damage many economies very much, and currency values.

(added an interesting thought, if Americans took more intrinsic interest in the USA, we wouldnt be so dependent of other countries paying the defecit.

Right now, more foreign investment occurs than internal investment,..and if the country was a company, they tend to listen to the shareholder's for input, as that is who is paying the bills. Want to take back America? Buy it back and quit investing in companies stocks that have more foreign interest than local interest. If the shareholder's demand spending be reduced, then be it. But what is all that noise coming from non in'vested' parties?)

[edit on 6-11-2004 by smirkley]

Originally posted by Volkgeister
As long as the US dollar is the world's reserve currency then it will still withstand deficits, and the dollar will never significantly shrink.

What will effect the US economy is the day that it cease to be the reserve currency. My bet is on the yuan, although it could be the euro. If the EU wants it enough it could get it, but it won't fall into its lap.

The US dollar made huge gains as a reserve currency under Clinton but it's starting to drop.

According to the IMF, the Euro was 12.7% of global Official Holdings of Foreign Exchange reserves in 1999 and was 18.7% in 2002.

The US dollar was 67.9% of global Official Holdings of Foreign Exchange reserves in 1999 and was 64.5% in 2002.

I think the Euro has made big gains since then but I can't find an updated report.
The press release from the IMF was dated November 19, 2003 so maybe they'll release a new one in the next couple of weeks.

Annual Report Data on Official Foreign Exchange Reserves

The ECB has some more information on the Euro's increasing role in the global economy.
This is from 2003 and it may have grown even more since then.

The international role of the euro in a globalised economy
In international capital markets, the euro is used both as a financing currency (that is, a currency in which non-euro area residents choose to raise funds), and as an investment currency (that is, a currency in which non-euro area residents choose to denominate their financial assets). In both functions, the international role of the euro has grown since its introduction in 1999, particularly in the international bond and money markets. Over the last four years, the share of the euro in these two segments has risen to 30%, which represents a gain of 10 percentage points. The euro has overtaken the Japanese yen as the world's second currency of issuance. However, it still lies behind the US dollar, whose share amounts to slightly below one-half of the market.

Really what type of computer are you using right now? What type of processors is in it?

If you ever travel by plane what type of plane do you fly in?

Unfortunetly a majority of the worlds population has no money or resources to aquire a computer, or air travel.

If that's all you have to offer, your screwed.

Originally posted by smatts

Really what type of computer are you using right now? What type of processors is in it?

If you ever travel by plane what type of plane do you fly in?

Unfortunetly a majority of the worlds population has no money or resources to aquire a computer, or air travel.

If that's all you have to offer, your screwed.

Man you found us out thats all we can make dont tell anyone OK

On a side note Bill Gates didnt become the richest person in the world by nobody buying computers. That majority you talk of that have no money dont really mean squat to the economics of the world.

yes, Iraq was planning to make the EURO its reserve currency. Venezuala is also, so perhaps we will start to hear of Chavez's links to al quada.

Originally posted by Volkgeister
yes, Iraq was planning to make the EURO its reserve currency. Venezuala is also, so perhaps we will start to hear of Chavez's links to al quada.

They already tried it after the recall vote failed.

ATS Venezuela helping arab terrorists?

Originally posted by TexasConspiracyNut
I pity you all. If the US ever goes Euro I'll kill myself!

Edit: Did you Brits fall for this yet? Maybe not. Sorry. Why in the heck would you even think about it?

[edit on 6-11-2004 by TexasConspiracyNut]

Maybe it is, but what is so wrong with the EU. From the powerful people's view, they are putting together a winning formula...

America.

It'll work too, and to great success. If the US wants to fix any of it's internal economic, trade, and production problems, now would be the time.

This is where America gets arrogant. We can not continue on like this while maintaining neverending growth based on nothing but promise.

So for those who say the US economy is strong, and will weather the storms ahead, I'd say good luck.

I'll be buying gold. It's good advise.

Originally posted by TexasConspiracyNut

I pity you all. If the US ever goes Euro I'll kill myself!

Edit: Did you Brits fall for this yet? Maybe not. Sorry. Why in the heck would you even think about it?

[edit on 6-11-2004 by TexasConspiracyNut]

Ummm, TexasConspiracyNut .... You can't really talk while you sit there in America; if the Euro and Sterling are way up against the US Dollar.
Obviously you in America don't realise that what you are doing really isnt going to work, and America's econamy will be in ruins if you don't change... However us in the EU? Tell me a country in the EU thats Economy is/is turing to ruins... So obviously the countries in the EU and Great Britain are doing FINE Economic-Wise, so please, for those Americans that havn't already - OPEN YOUR EYES!!

P.S - For those of you that are going to say that Great Britain is already in the EU, Most of the countries in Great Britain are, there are some that arn't though, and also most of Great Britain still uses Sterling.

Originally posted by KrazyJethro

I'll be buying gold. It's good advise.

Great Idea!! I have plenty of gold in my safe, I got it for the year 2000, just incase everything went tits up (thank god it didn't) but gold is a good hard currency, people recognise that it is worth alot and will accept it.

Good Luck to you mate, lol

As long as the US dollar is the world's reserve currency then it will still withstand deficits, and the dollar will never significantly shrink.

What will effect the US economy is the day that it cease to be the reserve currency.

That's exactly the danger we're talking about... The dollar is fast losing it's attractiveness as the reserve currency, while the Euro is looking more attractive. Many suspect this was the goal of those behind the adoption of the Euro in the first place....and I happen to believe it's correct.

I think some very interesting points have been made in this thread.

The US Dollars drop is simply a reflection of the confidence the US economy is held in.

Personally, I think the position is not recoverable and I don't think the second Bush Administration will even try and recover it.

I think the Bush Administration actually have a very clear understanding of what is going on. A few things have to be understood for everyone to understand.

1/ Can the present world economic system be perpetuated for very much longer ?

No, just as the Gold Standard became unstable over time, so now this present Oil Dollar system is now becoming unstable. This has been on the cards for a while though everyone else except for Bush appears to being trying to avoid it. Bush appears to be accepting it's inevitability and positioning for it's aftermath.

2/ What is the intrinsic value of paper and electronic money ?

Zero

3/ Therefore what is the intrinsic debt of the USA ?

Again zero.Therefore what is being exchanged is worthless by nature. It has been a pretence embraced by everyone until now for the sake of global stability.

4/ What does have value right now ?

Oil and Military power the two things that are being consolodated right now.The first stops a country from going completely down the tube when there is not enough to go around the second is used to defend this resource from the inevitable backlash when everyone else realises that all they hold is paper money,inedible and ,for manufacturing purposes, useless gold , and virtual unobtainable electronic wealth.

That's enough for now.

Originally posted by The_Squid
For those of you that are going to say that Great Britain is already in the EU, Most of the countries in Great Britain are, there are some that arn't though, and also most of Great Britain still uses Sterling.

- Squid, what do you mean?

Every 'country' of Great Britain is in the EU, not "most".

I agree of course, that it is a fact that the UK isn't using the Euro, IMHO, yet. I just don't understand what you mean by the first part of your comment.

Great Britain Consists of - England, Wales, Scotland, Ireland and the British Isles. Most (if not all) of the British Isles are not in the EU.