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| Do you get paid in Saudi Riyals or US Dollars? |
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[ 5 ] |
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| Total Votes : 5 |
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Cleopatra
Joined: 28 Jun 2003
Posts: 3657
Location: Tuamago Archipelago
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 Posted: Thu Oct 22, 2009 6:30 am Post subject: |
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No matter how much our new economist on the board wants to dumb down the dollar, he is talking out of his toucas. |
The general opinion among real economists is that the dollar has been grossly overvalued for decades, and that the only way is down, way down. It's only a question of how far and how fast. |
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veiledsentiments
Joined: 20 Feb 2003
Posts: 17644
Location: USA
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| Posted: Thu Oct 22, 2009 3:18 pm Post subject: |
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But which of the 'economists' is real? The events of the last few years... and in the currency markets over the last 20+ years... have shown that currency values are set as much by the casino mentality than actual worth.
Paper money valuation is smoke and mirrors anyway... and too often it is economists blowing the smoke.
VS |
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Cleopatra
Joined: 28 Jun 2003
Posts: 3657
Location: Tuamago Archipelago
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| Posted: Thu Oct 22, 2009 5:36 pm Post subject: |
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| But which of the 'economists' is real? The events of the last few years... and in the currency markets over the last 20+ years... have shown that currency values are set as much by the casino mentality than actual worth. |
Well yes, currencies, like shares, have no intrinsic value but are worth as much as people 'feel' they are worth. That said, over the past five years or so the dollar has been steadily losing in value against other major currencies, and just about every economist (that I've ever read, at least) believes the trend can only continue in the future. Given the overall economic decline of the US, it's hard to see how they could be wrong. |
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Never Ceased To Be Amazed
Joined: 22 Oct 2004
Posts: 3500
Location: Shhh...don't talk to me...I'm playin' dead...
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| Posted: Thu Oct 22, 2009 7:22 pm Post subject: |
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Let's not get muddled down with "the past five years or so" as they were hobbled by a horrible personage (who shall remain nameless) and even his disastrous policies took three years (by your claim) to fully manifest itself. The dollar, while not being "king" is surely majestic. Let's not be short-sighted here. I've had colleagues who have steadfastly talked down the dollar, not through meanness, but through ignorance, and I have steadfastly defended it. It shall remain a premium currency and just like Samuel Clemens' claim about his own morality, the rumours of its' demise are premature.
NCTBA |
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Cleopatra
Joined: 28 Jun 2003
Posts: 3657
Location: Tuamago Archipelago
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| Posted: Thu Oct 22, 2009 7:45 pm Post subject: |
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| I've had colleagues who have steadfastly talked down the dollar, not through meanness, but through ignorance, and I have steadfastly defended it |
And we should care about your colleagues' opinions... why, exactly? Personally, I'm not remotely interested in what some bored ESL teachers in the Gulf say about international currency markets during their lunch breaks. All I know is that the dollar has been on a steady downward spiral for the past several years, and you'd be hard pressed to find an economist who thinks that trend is going to be reversed any time soon - if ever.
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| The dollar, while not being "king" is surely majestic. |
To someone motivated by blind -not to say inane - patriotism, perhaps. The rest of us will keep our savings in Euros.
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| It shall remain a premium currency |
Yes - like the denari and florin, the dollar will always be with us. Believe it if you wish - I'll believe the evidence in front of my eyes every time I see the business news.
I should point out that, as someone who earns in a dollar-pegged currency, but has savings and expenses in Euro, it would be very much in my interests to see a rising dollar and a falling Euro. I'd love to believe that such a prospect were on the horizon, but the reality is that everything suggests otherwise. |
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Never Ceased To Be Amazed
Joined: 22 Oct 2004
Posts: 3500
Location: Shhh...don't talk to me...I'm playin' dead...
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| Posted: Thu Oct 22, 2009 8:30 pm Post subject: |
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Well, at least, we can agree to disagree...
NCTBA |
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Deicide
Joined: 29 Jul 2006
Posts: 1005
Location: Caput Imperii Americani
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| Posted: Thu Oct 22, 2009 8:37 pm Post subject: |
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| Never Ceased To Be Amazed wrote: |
Let's not get muddled down with "the past five years or so" as they were hobbled by a horrible personage (who shall remain nameless) and even his disastrous policies took three years (by your claim) to fully manifest itself. The dollar, while not being "king" is surely majestic. Let's not be short-sighted here. I've had colleagues who have steadfastly talked down the dollar, not through meanness, but through ignorance, and I have steadfastly defended it. It shall remain a premium currency and just like Samuel Clemens' claim about his own morality, the rumours of its' demise are premature.
NCTBA |
Obama is the same shit, just a different pile.
How can you say the dollar is great if someone needs to pay for things in sterling and euros? $.66=�1. That sucks, who cares if the dollar is 'the premium currency' when I need to get insane euros together? How does that help me? |
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Deicide
Joined: 29 Jul 2006
Posts: 1005
Location: Caput Imperii Americani
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| Posted: Thu Oct 22, 2009 8:40 pm Post subject: |
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| Cleopatra wrote: |
| Quote: |
| I've had colleagues who have steadfastly talked down the dollar, not through meanness, but through ignorance, and I have steadfastly defended it |
And we should care about your colleagues' opinions... why, exactly? Personally, I'm not remotely interested in what some bored ESL teachers in the Gulf say about international currency markets during their lunch breaks. All I know is that the dollar has been on a steady downward spiral for the past several years, and you'd be hard pressed to find an economist who thinks that trend is going to be reversed any time soon - if ever.
| Quote: |
| The dollar, while not being "king" is surely majestic. |
To someone motivated by blind -not to say inane - patriotism, perhaps. The rest of us will keep our savings in Euros.
| Quote: |
| It shall remain a premium currency |
Yes - like the denari and florin, the dollar will always be with us. Believe it if you wish - I'll believe the evidence in front of my eyes every time I see the business news.
I should point out that, as someone who earns in a dollar-pegged currency, but has savings and expenses in Euro, it would be very much in my interests to see a rising dollar and a falling Euro. I'd love to believe that such a prospect were on the horizon, but the reality is that everything suggests otherwise. |
I can only say word up to this! USD is crap, especially if you need Euros to pay for things (as I do and you as well apparently). Spot on, you are! |
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Never Ceased To Be Amazed
Joined: 22 Oct 2004
Posts: 3500
Location: Shhh...don't talk to me...I'm playin' dead...
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| Posted: Thu Oct 22, 2009 8:43 pm Post subject: |
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Don't misquote me, youngster. As a efficient English teacher, I couch my words carefully. I used the indefinite article for a reason. You misquoted me as using the definite. You, sir, are most DEFINITELY wrong!
Brush up on yer English skills or be gone!
NCTBA |
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Deicide
Joined: 29 Jul 2006
Posts: 1005
Location: Caput Imperii Americani
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| Posted: Thu Oct 22, 2009 8:45 pm Post subject: |
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| Never Ceased To Be Amazed wrote: |
Don't misquote me, youngster. As a efficient English teacher, I couch my words carefully. I used the indefinite article for a reason. You misquoted me as using the definite. You, sir, are most DEFINITELY wrong!
Brush up on yer English skills or be gone!
NCTBA |
In other words, earning USD is crap. Yes, you are right. |
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Never Ceased To Be Amazed
Joined: 22 Oct 2004
Posts: 3500
Location: Shhh...don't talk to me...I'm playin' dead...
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| Posted: Thu Oct 22, 2009 8:50 pm Post subject: |
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Um...when I say "article", I don't mean something you read in a newspaper...
Like, "This article is really rad!"
NCTBA |
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Deicide
Joined: 29 Jul 2006
Posts: 1005
Location: Caput Imperii Americani
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| Posted: Thu Oct 22, 2009 9:13 pm Post subject: |
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| Never Ceased To Be Amazed wrote: |
Um...when I say "article", I don't mean something you read in a newspaper...
Like, "This article is really rad!"
NCTBA |
Really? and I had thought you were talking about a newspaper the whole time! Thanks for clearing that up! Seeing as I have an MA in (Theoretical) Linguistics, I had no idea that languages have articles (though I heard somewhere that the definite article in Icelandic has 24 different forms depending on gender, number, case and whether or not accompanied by a definite article or not...)...
Seriously mate, who are you kidding? If someone said you could earn in USD or Euros, you would choose USD?  |
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The Lathe of Heaven
Joined: 02 Sep 2009
Posts: 162
Location: drifting from dream to dream from future to future
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| Posted: Thu Oct 22, 2009 9:31 pm Post subject: |
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| Deicide wrote: |
| Never Ceased To Be Amazed wrote: |
Um...when I say "article", I don't mean something you read in a newspaper...
Like, "This article is really rad!"
NCTBA |
Really? and I had thought you were talking about a newspaper the whole time! Thanks for clearing that up! Seeing as I have an MA in (Theoretical) Linguistics, I had no idea that languages have articles (though I heard somewhere that the definite article in Icelandic has 24 different forms depending on gender, number, case and whether or not accompanied by a definite article or not...)...
Seriously mate, who are you kidding? If someone said you could earn in USD or Euros, you would choose USD? |
Hi Deicide,
Just admit you misquoted NCTBA. After all you do understand that "a premium currency" means one of the many premium currencies, not the one and only premium currency. Let's not get our credentials get in the way of courtesy.
Regards.
TLOH |
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007
Joined: 30 Oct 2006
Posts: 2684
Location: UK/Veteran of the Magic Kingdom
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| Posted: Thu Oct 22, 2009 9:39 pm Post subject: |
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Well, indefinite article or definite article, the USD is in his way to the grave! 
China is watching and coming ......... |
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Deicide
Joined: 29 Jul 2006
Posts: 1005
Location: Caput Imperii Americani
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| Posted: Thu Oct 22, 2009 9:42 pm Post subject: |
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| The Lathe of Heaven wrote: |
| Deicide wrote: |
| Never Ceased To Be Amazed wrote: |
Um...when I say "article", I don't mean something you read in a newspaper...
Like, "This article is really rad!"
NCTBA |
Really? and I had thought you were talking about a newspaper the whole time! Thanks for clearing that up! Seeing as I have an MA in (Theoretical) Linguistics, I had no idea that languages have articles (though I heard somewhere that the definite article in Icelandic has 24 different forms depending on gender, number, case and whether or not accompanied by a definite article or not...)...
Seriously mate, who are you kidding? If someone said you could earn in USD or Euros, you would choose USD? |
Hi Deicide,
Just admit you misquoted NCTBA. After all you do understand that "a premium currency" means one of the many premium currencies, not the one and only premium currency. Let's not get our credentials get in the way of courtesy.
Regards.
TLOH |
So what? The issue of the article is totally irrelevant to me. Both Cleopatra and I were accurately criticising the dollar in light of our Euro based situation but NCTBA doesn't have a smart alec solution for that, does he? My two cents, this phoney dollar reserve currency has got to go.... |
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