Euro Cracks $1.50, Dollar Hits New Lows

you will know when people start swimming the other direction Reply

Thank you, Federal Reserve Reply

I'm not ready to move......and one should look for the silver lining. Although our currency is free falling to that of a 3rd World Country....we are ripe for all foreign investment. That means jobs for American workers, as European Companies will now make it here and even ship it back home. Only our money is cheap. We have all the infrastructure to make it here. The expression it's only money, should come to mind. We have a very short window of opportunity before the oil exporting countries start refusing US$ for payment. Once they switch to Euros, our money is worth even less. Look for job growth to be spirited by forerign based companies expanding their businesses here. Unfortunately these are the cards we were dealt. The US strategy to de-value our currency dates back to leaving the gold standard. It's not a 'bama, or Bushie idea. Although the rapid decent has in large part been the effect of Bush-Economics. His idea was to counter our trade imbalances with cheap dollars. Except there was also this idealism and lack of foresight in realizing that Europe was shifting it's power to a central government, centralized Fed Bank and currency, and with the new 26 state union taking greater shape -- the US has a true competitor. Allies that are now becoming as powerful and dominant on their own -- where we have shrunk our world influences, at the same time. Our country and government no longer is in the "toddler" stage -- no longer growing the same anymore. This is something our allies have long histories and experience. We will have to find our identity, fix a bunch of internal stuff -- banking, housing, jobs, health care, baby-boomers retiring. We have a lot of problems. If you were a family with these kinds of problems you'd be havng severe problems. Furthermore you'd be too busy trying to figure out your own mes than looking at the nice shiny car your neighbor just parked next door. So the headlines of our currency rate versus anyone else's is only for News Headlines -- the issues causing these things are quite serious -- the Federal Reserve is just a G_D Bank -- with a special printing press that keeps pouring gas on the fire -- instead of tough love. Why blame the Fed Bank when we have a country divided 51-49, sometimes by even smaller margins, or no majority consensus period. Our allies have figured out how to survive with strong opinions from both sides -- we haven't yet -- and the politicis of decison making in the US -- takes too much time and often through pandering to power factions to win votes -- very little gets accomplished -- one man one election is not the answer. But like I said there is a silver lining -- and stop 'da bitching. A BMW in every garage. LOL Reply

@hybrid - it's spelled DOLLAR, not dallor... dumbass. Reply