Dollar's Power Sinks Worldwide

Comment #14

justxploring — Sat, 15 Mar 2008 21:34:28 GMT

Time*treat, the reason I mentioned children is that a single person with no children has a lot more spending power with his/her income. I realize that low income families often get a tax break, but let's say 2 people have the same income, but one has 3 young children who will need braces, college tuition, food, clothes, etc. That's not including the toys you want to buy them for their birthdays or when then graduate high school...and so forth. There is a big difference in how far each salary will go. They might have the spending power, but priorities are different. Any decision a person makes on his/her own about taking a new job, moving to a new state (or even another country) will have an effect on his or her family. When you are single (not including people caring for a sibling or parent) you can take more risks without hurting anyone but yourself.... [ More ]

Comment #13

time*treat — Fri, 14 Mar 2008 11:24:25 GMT

Jxp, Mike asked if it had ever happened before in the USA. Imagine going to bed with $100 bucks in the bank and waking up to find you've only got $57 of buying power, and the banks will be closed for a few more days. I wanted to specify that particular devaluation because you don't hear about it. We kind of gloss over that period in history, lest people learn of the gory details and how it was caused ... and prolonged. There are ways to protect yourself for well under 10 grand. No mineral commodities required. It is interesting that you mention market investing vs. having children; I would consider either an investment of sorts...... [ More ]

Comment #12

four4me — Fri, 14 Mar 2008 05:39:12 GMT

Soon it will be one currency and one goverment for all...... never fear just run for the hills and get back to living off the land.

Comment #11

justxploring — Fri, 14 Mar 2008 05:31:41 GMT

...and I know it's Dow not DOW. Just a typo.

Comment #10

justxploring — Fri, 14 Mar 2008 05:28:23 GMT

time*treat -- no reason to be sarcastic. It's not that we weren't warned or that people weren't aware of the dollar's decreasing value years ago, it's that for many Americans, there really wasn't much we could do about it. After all, when you need to pay your mortgage and feed your kids, you can't risk investing $10,000 in mineral commodities. After the NASDAQ fell in 2000-2001 and the DOW plummeted in Sept 02, some people lost most of their savings.

Comment #9

time*treat — Fri, 14 Mar 2008 02:21:32 GMT

In 1933, FDR closed the banks & devalued the dollar by 43% ~ called it a "Banking Holiday".

Comment #8

pacattack05 — Fri, 14 Mar 2008 01:52:19 GMT

Sure there have been droughts and floods, but all 5 things simultaneously? I don't think so. We are definitely at a cross road. This a different game in opposing the norm. A whole nother world. The signs all point one way.

Comment #7

LOTTOMIKE — Fri, 14 Mar 2008 01:40:06 GMT

scary stuff,i was curious has there ever been a situation like this before in america this bad in regards to high oil,low dollar,bad housing,etc./

Comment #6

Think — Fri, 14 Mar 2008 01:35:49 GMT

Anyway, with a low dollar and high oil I am wondering when one or two of the big 3 automakers will cease business. Remember Chrysler was proclaimed "Operationaly Bankrupt" a few months ago and Ford literally bet their company on a turnaround and GM lost about $40 Billion dollars last year. With the low dollar and high oil, the comming tax increases may just be the camel that broke the straws back.

Comment #5

Think — Fri, 14 Mar 2008 01:34:50 GMT

Anyway, with a low dollar and high oil I am wondering when one or two of the big 3 automakers will cease business. Remember Chrysler was proclaimed "Operationaly Bankrupt" a few months ago and Ford literally bet their future on a turnaround and GM lost about $40 Billion dollars last year. With the low dollar and high oil, the comming tax increases may just be the camel that broke the straws back.

Comment #4

LOTTOMIKE — Fri, 14 Mar 2008 00:21:09 GMT

also china is adding hugely to its military.i think china is going to end up being someone to watch.

Comment #3

LOTTOMIKE — Fri, 14 Mar 2008 00:19:53 GMT

its sad,i'm worried for the future.something in america i never thoughti'd do.

Comment #2

Rick G — Thu, 13 Mar 2008 23:59:42 GMT

Well folks, now it's our turn to live in caves. Get used to it.

Comment #1

time*treat — Thu, 13 Mar 2008 22:05:23 GMT

First I've heard of this. Why weren't we warned? Oh, wait... :sarcasm:

Original Blog Entry: Dollar's Power Sinks Worldwide

LOTTOMIKE — Thu, 13 Mar 2008 19:52:15 GMT