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gr8socialmediaApr 20, 2011
$6 a gas coming to your wallet near you.
Closed AccountApr 21, 2011
a weak dollar is good when you have a national debt of about $14 trillion.
Closed AccountApr 21, 2011
http://www.npr.org/templates/story/story.php?storyId=14901181
xophermvApr 21, 2011
The parent post is correct and supported by economics. A weak dollar is ultimately what gets us out of the trade deficit and allows us to address the budget deficit and national debt. The weak dollar makes US trade goods less expensive on the international markets, encouraging foreign consumers to purchase US goods. Likewise, it makes foreign goods more expensive to US consumers, encouraging US consumers to purchase US products.
The strong dollar is what the Chinese want. The Chinese manipulate the value of our currency by taking all the dollars they've earned from us and removing them from the market by giving them back to our government through the purchase of US government bonds. The removal of the dollars from the market increases the value of the remaining dollars still on the market. This propping up of the dollar makes Chinese goods cheaper in comparison to US goods in the market. This gives sends more business to China. This sends American jobs to China.
That's why a weak dollar policy is best for America right now. The strong dollar is killing our economy and has been for decades.Comment is buried, click here to see the rest.
Closed AccountApr 21, 2011
digg cracks me up. no need to refute your argument when all we have to do is digg you down. it is like an experiment that demonstrates why democracy is a bad system. it lets the idiots rule. :-)Comment is buried, click here to see the rest.
hhusskApr 21, 2011
Well, actually, it allows mob rule. I think that's why we focused on a representative democracy here in the U.S.
zirchxworldApr 21, 2011
right... because when the dollar was strongest over a hundred years ago is when our economy was the weakest.
think the opposite and your on the right track. the dollar presence in society since 1900 has increased 500% and the value of the dollar has decreased 93%. you are completely wrong and I say that purely as objectivism.
be honest, you were making that comment up as you were going.
xophermvApr 22, 2011
No, that's economics 101. And your comment is based on nothing but your personal opinion, which isn't worth squat. You didn't even make an argument.Comment is buried, click here to see the rest.
Closed AccountApr 21, 2011
an artificially weak dollar, which we have now thanks to QE, is an extremely dangerous thing and could lead to runaway inflation....
xophermvApr 22, 2011
If the weak dollar was going to lead to hyperinflation, then it would have already. The only cost which has done up is gas and, as a result of the increased gas prices, food. The increase in gas prices are purely the result of speculation in the market, similar to what happened in 2008.
Outside of gas and food, prices are not going up. That's exactly what you'd expect given our high level of unemployment. To make prices increase dramatically, you need a good deal of people buying goods. When people are out of work, they tend to stop buying goods they don't absolutely need. And prices tend to stay the same since there's no scarcity of goods in the market.Comment is buried, click here to see the rest.
Closed AccountApr 22, 2011
no, the reason gas is going up is because the dollar is weak:
http://www.cnbc.com/id/21541741/Weak_Dollar_High_Oil_Have_U_S_Over_A_Barrel
weak dollar high inflation:
http://www.businessweek.com/bwdaily/dnflash/nov2004/nf20041112_3507_db039.htm
your comments are based on personal opinion, which isn't worth SQUAT....
bille3Apr 29, 2011
Gold and silver, when traded in dollars have gone up due to lost value of the dollar. When traded in other currencies not losing value, gold and silver have not seen the same level of rise in prices.
World wide trade in crude oil is paid in dollars by all countries, as the dollar declines that may change and the dollars use on the world market can come to an end. For the very same reason the world turned away from the British sterling after WWII, printing money beyond the value to back it. Once it becomes confetti no one will want dollars.
kuzotzApr 21, 2011
a weak dollar sucks as an expat.
ShovelbabyApr 21, 2011
Only if you are in the ruling class. Those who are just poor and working class citizens have to be able to pay for things like food and gas.
Rising prices of food and gas are no surprise when they do quantitative easing. They are increasing the money supply which is basically a tax. http://www.answers.com/topic/inflation-tax The effect is that citizens have less money to do the same purchases and the government has less debt. Not really a win for the citizens.
A much better way to reduce the debt is to reduce the spending and live within their means.
xophermvApr 22, 2011
The increase in gas and food prices have only occurred recently. Both are the result of speculation in the oil market and have nothing to do with the price of the dollar.Comment is buried, click here to see the rest.
BaddJonesApr 21, 2011
"a weak dollar is good when you have a national debt of about $14 trillion."
Only if you plan on paying of your debt in the near future, which of course is not the plan, other wise its a plight on us all.
rethreadApr 21, 2011
A weak dollar competes with outsourcing to drive down costs locally to force people to accept work for less in order to compete. A $500 house overseas is $250,000 here, and that creates problems.
Problem being, we are nowhere near competing with $500 homes in the U.S., when we can get the jobs to come back. Or, costs overseas could go up ridiculously to average things out. It's cheaper to produce overseas and ship the product back to the states right now. Simple as that.Comment is buried, click here to see the rest.
cryinlionApr 21, 2011
every article about high gas prices seems to have a photo of that same station in Gorda, California.
Closed AccountApr 21, 2011
california gas prices are perpetually too f**king high.
zirchxworldApr 21, 2011
a big reason gas prices are different all over the country is mainly because of the varying state taxes.
TheMightyZordonApr 22, 2011
Yep. The gas tax here in California goes towards paying for transportation development and maintenance. We have a LOT of roads that need maintenance, along with the ever-growing need for more roads, or for expanded roads.
ksadyaApr 21, 2011
Just paid 4.65/gal in Hilo. It's over $5 in Kona. Before anyone goes saying one doesn't need as much gas on an island -- it's a 2 hour drive between Hilo and Kona.
zirchxworldApr 21, 2011
if government actually cared about the price of gas they would stop being so selfish and lower the insane taxes on gasoline for a few months until the price went back to normal. gas taxes can be as much as $1 in places like california and yet nobody is mentioning this why?
Closed AccountApr 21, 2011
california is in a $28 billion hole. they can't afford a tax cut.
zirchxworldApr 21, 2011
this is the problem with having enormous debt, you don't have financial freedom. california is learning this the hard way and so will our federal government. I really can't feel bad for them when they waste their money.
Closed AccountApr 21, 2011
feel bad for them? I hate california. they have the most screwed up state government and economy in the us. and they brought it on themselves.
chrisvazquez1Apr 21, 2011
California is 1/10th of the U.S. economy. Also 1/10th of the U.S. population. We'd be the eighth biggest economy in the world if we were our own country and the single biggest economy in the U.S. We get .78 cents for every dollar we put into the federal government. We hold up red states like Alaska who gets $1.84 or Mississippi who gets $2.02 for every dollar they put into the fed. Don't give me none of that bulls**t. Chances are that we prop your state up bitch.
chrisvazquez1Apr 21, 2011
Also, if we didn't have to pay the fed, we'd be able to afford our government. (not that I applaud our abysmal direct democracy) We also have a GREAT economy. The U.S.'s biggest corporations are in the U.S. We have Facebook, Godaddy, Digg, Revision3, Apple, Holt, Kingston, Hollywood, Sandisk, etc etc. We alone have over 2,000 corporations. We are self-sustaining in that we produce a big portion of the mid-western U.S.'s produce. If it wasn't for California the U.S. would be in a bigger s**thole. Do us all a favor and stfu prick.Comment is buried, click here to see the rest.
zirchxworldApr 21, 2011
chrisvazquez1:
yeah you guys have a huge chunk of prime real estate, the most powerful corporations in the world, high taxes etc. and your government still can't balance a budget, why is that? its because the government is wasting it. if an administration cannot financially manage the financially wealthiest state then there is a major problem with that agency wouldn't you agree?
now i know you are taking my comments personal but please realize when I refer to california as the state, I'm referring to your state government not the people of california. I love cali and would like to live there if the taxes weren't so draconian.
in fact, if things keep going the way they are then maybe the fed will have to bail you guys out because as I hope you know, states MUST balance their budget annually and cannot constitutionally run a deficit. you don't prop up my state, you can't even support your own state. you seem to not know what you are even talking about.
Closed AccountApr 21, 2011
Hahaha in 1993. the only thing worse than a broke **** is a broke **** who used to be rich. please stfu - your state is the appalacia of Mexico.
chrisvazquez1Apr 21, 2011
I won't say this to zirchxworld because he seems a little more civilized but @macmrae1980 you're an idiot.
@zirchxworld economy =! government deficit. "you don't prop up my state, you can't even support your own state. you seem to not know what you are even talking about." Oh, but I did give you reasons. Here's a cite: http://economix.blogs.nytimes.com/2010/08/31/states-that-received-the-most-federal-funds/
I told you California only gets $.78 for every dollar they put into the federal government. We are inherently the biggest economy in the United States, about 1/10th of the U.S. economy. This means that we pay 1/10th of U.S. federal taxes. Those taxes get redistributed to other states that can't afford to be self-sustaining. So YES, I do know what I'm talking about. Please try again.
@macmcrae1980 I'll tell you something you little prick, California is the epitome of the United States. We have corporations, farms, cities, deserts, coast, and snow. We hold 1/10th of the U.S. population. We are also the most diverse place in THE WORLD. You will not face racial discrimination in this state. The reason you are on this site is because of the servers hosted here in California. If you hate this state boycott us. Let's see where that gets you. I hope you starve.
digghasnoethicsApr 21, 2011
> insane taxes on gasoline ???
The US is one of the lowest taxing countries in the OECD. If anything the US needs to sharply increase taxes to both shift consumption to efficient vehicles, and fund road maintenance.
$1 is nothing, it needs to be $2-3 at a minimum, everywhere.
Part of the reason you feel the effect if higher oil prices is because your taxes are too low. Where taxes are higher the proportionate change is less.Comment is buried, click here to see the rest.
ben7337Apr 21, 2011
The USA is also one of if not the biggest developed nation out there, I mean there's Canada but most of it's land is practically ininhabited, same with Russia, and China isn't really developed. Quite frankly unlike most developed nations which are far smaller, the USA has many many areas and a huge number of people who need gas to get around because either public transportation around them is highly inefficient and rarely comes, or because it is non existant and nothing is within even a few miles. The countries where gas is expensive really group even tighter in cities and are far smaller thus there is less need for cars and it is/was easier for them to deploy a rail system which helps a lot for getting around.
kuzotzApr 21, 2011
we can't do that. You see the US designed its cities in a way that forces everyone to need a car. you raise the price by raising taxes then you disenfranchise millions who simply can't afford to go to work. and most US cities don't have mass transit systems. In fact a lot of US metro areas have petitioned strongly against them or defunded them aggressively. Only a few cities are actively trying to get light rail systems set up again in their cities.
digghasnoethicsApr 21, 2011
So what are you going to do when the gas price reaches $10 and stays there? What are you going to do when imports fall away and you are stuck with half the oil you have now?
Change isn't optional. Adapting is something that needs to be done yesterday, otherwise people die. Taxing now helps you make the change whilst you economy still isn't as shot as its going to be when things get really bad.
ngrootApr 21, 2011
Light rail is not the only form of mass transit, though. Buses can be put into service much more quickly than new subway tunnels or elevated tracks can be built.
Also, people can and do come up with innovative solutions to increases in commuting costs. I wouldn't be surprised at all to see slugging become popular in more places as gas prices go up.
Further, people can and will move closer to city centers.
quiescentmindApr 21, 2011
We are not to far from $6 , I just paid $4.35 a gallon ouch!
pivenApr 20, 2011
Higher food prices as diesel prices are even higher than gas prices.
Truckers haul food and most everything else.
Ready for Massive money printing like Germany in the 1920's...?
4Herp2Derp0Apr 20, 2011
We should be pumping hemp fuel into those trucks instead of diesel.
"Make the most you can of the Indian Hemp seed and sow it everywhere."
- George Washington
"Hemp is of first necessity to the wealth & protection of the country."
- Thomas Jefferson
"We shall, by and by, want a world of hemp more for our own consumption."
- John Adams
"Penalties against possession of a drug should not be more damaging to an individual than the use of the drug itself; and where they are, they should be changed. Nowhere is this more clear than in the laws against possession of marihuana in private for personal use... Therefore, I support legislation amending Federal law to eliminate all Federal criminal penalties for the possession of up to one ounce of marihuana."
- Jimmy Carter
"When I was a kid I inhaled frequently. That was the point."
- Barack Obama
"The prestige of government has undoubtedly been lowered considerably by the prohibition law. For nothing is more destructive of respect for the government and the law of the land than passing laws which cannot be enforced. It is an open secret that the dangerous increase of crime in this country is closely connected with this."
- Albert Einstein
The illegality of cannabis is outrageous, an impediment to full utilization of a drug which helps produce the serenity and insight, sensitivity and fellowship so desperately needed in this increasingly mad and dangerous world."
- Carl Sagan
"Even if one takes every reefer madness allegation of the prohibitionists at face value, marijuana prohibition has done far more harm to far more people than marijuana ever could."
- William F. Buckley Jr.
"When a private enterprise fails, it is closed down; when a government enterprise fails, it is expanded. Isn’t that exactly what’s been happening with drugs?"
- Milton Friedman
"Why use up the forests which were centuries in the making and the mines which required ages to lay down, if we can get the equivalent of forest and mineral products in the annual growth of the hemp fields?"
- Henry Ford
HAPPY 4/20!
peppermintpigApr 20, 2011
Hemp is fine. So is syngas, which has historically carried several nations through wartime financial stresses.
godsbongApr 21, 2011
I applaud you sir!
Thumbs up!
Yet, you have a few buries. God I wish we could see the users who bury some of the most truthful and insightful comments. Maybe Digg should as well, it may help with the troll population.Comment is buried, click here to see the rest.
UltimateUsernameApr 21, 2011
Or Digg can try its hardest to be like Reddit.
I do enjoy the quote from the OP, i agree with them all.
bille3Apr 29, 2011
I have a souvenir 1 million Mark bank note from that era in Germany, worth nothing more than the novelty of it.
pivenApr 29, 2011
There are One Hundred Trillion Dollar Zimbabwe Notes on Ebay for sale--cheap-- to demonstrate the failure of socialism and money printing.
WayfaringStrangerApr 21, 2011
Glad that news organizations are being honest about the cause of the spike in commodities and not simply blaming it all on unrest in the Middle East. People need to know what their central bank's shenanigans are causing.
irvman21Apr 21, 2011
Change you can believe in!
sydbloomApr 24, 2011
Good job there Obamma..hahahahaha!! Jimmy Carter 2
CShivers3Apr 22, 2011
I have heard some journalists ask "will high gas prices affect the recovery?" - Of course it is going to...the average price of gas is about $1 more than it was a year ago
markglApr 21, 2011
Good god almighty.
yurmutha412Apr 20, 2011
Let's just blame it on the oil companies and pretend it has nothing to do with the weakening dollar. That way we can just keep rolling merrily along into bankruptcy.
dauntless1Apr 21, 2011
While we're at it, let's keep pretending oil companies have nothing to do with anything at all, so we don't have to wake up and realize they're f**king us every single day.
ben7337Apr 21, 2011
I thought it was the speculators who are doing a lot of the f**king too, the oil companies limit their output to screw with us, but the speculators go wild too.
ngrootApr 21, 2011
What's wrong with speculation?
ben7337Apr 21, 2011
The price of oil is entirely founded on speculation and lack of competition. The prices haven't risen so much because of taxes or because the cost to produce and ship oil has gone up significantly, but because someone decided that it should be worth more. It would be like if Apple could suddenly decide their overpriced electronics are worth more even if they cost the same or less to produce and kept raising the price every month or so.
ngrootApr 21, 2011
They can if people keep buying them.
ben7337Apr 21, 2011
Not entirely true, if I price gouge someone in a disaster zone for selling electric generators that I bought in a store far away and I make them up to 5x what I paid for them/what they are worth, I could very well be arrested for such things. Clearly our laws don't agree with such policies for products.
vvv63vvvApr 22, 2011
it is the rich investors speculating and driving the prices up
the multimillionaires are using their piles of cash from the bush tax cuts to invest in petrolium commodities
we get screwed twice from the bush tax cuts... lost revenue and higher commodity prices
tax the rich
monvalleyApr 21, 2011
Prices of everything has gone up significantly with obama as president.
irvman21Apr 21, 2011
Change you can believe in!
realcoolguy9022Apr 21, 2011
I love the media that is spinning high gas prices as positive. Less accidents, lower greenhouse gas emissions. Ask yourself would they really be saying the same things if a Republican is in office?
pc25Apr 21, 2011
cleaning up after Obama's droppings as usual
bille3Apr 28, 2011
This could be a campaign strategy for Obama. Let gas prices go way up. Then next year about this time change his mind about offshore drilling in the Gulf of Mexico and lift the mortatorium. Watch as the price of crude goes down and gasoline prices fall, he will be a hero and use it to convince people to keep him in office.
The reason I mention this is how the price of crude dropped to $75 and gas went to $1.50 when Bush opened up more domestic drilling. After the Gulf spill and Obama put the moratorium and stopped drilling crude went up. When he refused twice to lift the moratorium after the courts ruled against them, the price of crude went up again. No republican will be able to compete with lowering fuel costs, no matter how the rest of the economy is doing.
His handlers are not fools and this is an easy slam dunk.
ferretmanApr 24, 2011
The dropping dollar has just GOT to be fixed, and frankly it's the result of Bernake's bad fiscal policies......
bille3Apr 28, 2011
The Fed is like the rest of the modern financial complex – a bunch of brainiacs from Ivy League schools using complicated math to print mountains of money and then light it on fire. The Fed and Wall Street amount to a Bonfire Brigade. They build bonfires with money – much of it yours and mine.
chrisleeukApr 21, 2011
Interesting comments.Here are a few thoughts. It's hard to compare public transport but from using it in the UK I'd say its largely unreliable and expensive, often badly planned with little or no co-ordination between different providers. With regard to the 90% tax. It may be going on our massive government debt repayment (around £4000 in interest on the loans in tax per household per year) What its sure not going on is transport infrastructure, The roads are just not getting repaired since the recession hit.
It's true that its a small country but drivers are suffering cost rises beyond fuel, Car tax is an annual payment of £200 on average.Then we have another annual £50 safety check.
In addition to this local authorities have come to see parking charges and fines as an excellent revenue stream with strict parking zones and $6 per hour pricing even in small towns,
The cost of fuel has other subtle impacts like the cost of moving food. These costs get passed on as higher prices in the store.
On the subject of cycling I am now commuting this way. Britain's narrow roads and heavy traffic do not make things ideal. It's actually quite a dangerous pursuit during rush hour. Still its saving me around $90 a month so maybe its worth it and I get the exercise too!
hhusskApr 21, 2011
I don't blame Obama, nor did I blame Bush.
I disagree some with the article; In the speculation market, what's hurting us is that there is civil unrest in the Middle East, and that we are refusing to open more drilling in our own country.
Price speculation is what drives prices; and not even oil companies can control speculators.
bille3Apr 24, 2011
Especially since the changes in the FCTC rules on crude oil futures contracts in 1997. Foreign countries were allowed to trade in U.S. futures written in their countries without control over contracts being backed by actual oil for delivery. In 2 years time the number of contracts in world trade had increased 4,000%. Of course the production and delivery of oil did not change. Speculation on fraudulent contracts did become the norm. Since it was not technically illegal, with the change in the law congress saw no reason to stop it. The people cried out for an investigation in speculation, Bush did so and his investigation found no violation of law. Of course. Now Obama says he will look into speculation and he will come up with the same conclusion, no violation of law. Congress will not repeal this so called "Enron Loophole" because the speculators are giving huge kickbacks to keep it in place.
Go to June 2008 CSPAN and look up the senate hearing on oil speculation. Two interviews are quite enlightening. The first is Mr. Soros admitting that in 2007 he personally netted over $1 million dollars a day speculating on crude oil. The second is Mr. Michael Greenberger the chairman of FCTC in 1997 before the creation of the "Enron Loophole", he pointed out how what once was fraud in contract writing became accepted. He also pointed out that all of the oil futures contract inspectors in FCTC were fired. When he went to congress to blow the whistle, he was fired and replaced with someone that kept his mouth shut.
At the end of that senate hearing testimony by Mr. Greenberger I realized how the public had been so thoroughly screwed. Mr. Greenberger said that if the law would be returned to as it was before and each contract be backed by actual existing oil the prices would drop. The senate hearing chairperson remarked they would take it into consideration and closed the proceeding.
gkiltzApr 21, 2011
If that happens, the recession has NOT bottomed out!!
centraltransApr 21, 2011
maybe we should keep borrowing from the Chinese government.
bille3Apr 24, 2011
You do know that we have someone over there right now begging for more?
spxoyrid345Apr 21, 2011
Ok guys because you think this is fantasy. We pay here in Greece aprox. 9$ per gallon and we have the lowest salaries in Europe.. Nicely done our strong currency and our allies in Europe...
yovisualsApr 21, 2011
this is the exact reason why I ride my bike everywhere... Save money and don't have to go to the gym.
whmeroeApr 21, 2011
That's a positive way to look at it. I wish more people would do the same..myself included.
ben7337Apr 21, 2011
If it works where you live, all the more power to you. I could ride my bike in my town, or even between the local rural towns, but if I ever want to go to a movie theater, mall, the beach, or any attraction at all in the area I need a car, riding on the interstate isn't really safe by any means and doing it for an hr or more just to get to anything would be unbearable.
yovisualsApr 21, 2011
Yeah, totally understand.. I'm in the middle of the 2nd biggest city in America so it works pretty well for me.
theexitwoundApr 21, 2011
Indeed. I understand not everyone can do it. I ride 2 miles to work. Fill the car up every 3-4 months (by fill I mean half a tank as putting $80 into the tank isn't fun to watch so $30-$40 is slightly less painful). Only drive it to get groceries every week or two. I enjoy driving. I can't afford to anymore though.
pc25Apr 20, 2011
this is what happens when you elect a clown into the Oval office.......hope all the hate America libs are proud of themselves........
cristinamkApr 21, 2011
"this is what happens when you elect a clown into the Oval office.."
Trump was not elected.
grannysrightApr 21, 2011
If it wasn't for Obama's economic 'policies' and his pushing us to the brink of distruction, and with the dollar being weaker, than a old ladies bladder, we're lucky gas isn't $6.00 a gallon yet.
Good bye Obama in 2012!Comment is buried, click here to see the rest.
wf80diditApr 21, 2011
So does a one-ounce gold coin cost $1500 now because the dollar is weaker or is it because the value of gold keeps going up? Never quite understood that. Just wish I would have bought some in '06 when it was $800/oz.
xophermvApr 21, 2011
The price of gold at this point is purely due to a speculative bubble. There's no rational reason that gold should be up as high as it is.
wuwei26Apr 21, 2011
Honestly asking, as something that can't be eaten and has little industrial use, how do you determine a rational price for gold? As a store of value, wouldn't it be worth exactly what others are willing to pay for it? As we are moving from a tech stock bubble in the late 90s that transitioned into a housing bubble, there are huge amounts of resources chasing fewer and fewer investments while looking for \ expecting outsized returns. Add to that a growing middle class in the two most populace nations on earth that want to spend their money on the same thing "rich" people do, I am thinking there are a number of rational, if somewhat odious, reasons for the price of gold. Just my opinion, would like to hear your opinion.
grannysrightApr 21, 2011
The price of gold is where it's at because the world thinks this President is an idiot and they're scared to death. Of course people are buying gold because they know the dollar is going bust. Speculation hell, just plain fact!
kuzotzApr 21, 2011
if you have gold now you should sell some of it because that bubble is getting ready to burst and things will get much more difficult for the global economy to recover.
bille3Apr 24, 2011
I hope like heck there is a hiccup in gold or silver, I will buy like crazy.
I started buying gold at $62 and silver at $5. When it dropped from $800 to $400 I started again. What I buy now is cost averaged which makes my investment cost below spot price.
What investments I had in the stock market lost 75% with the recent crash. I should have known better than to stay in the market.
bille3Apr 24, 2011
As the dollar becomes weaker, it does take more dollars to buy the ounce of gold or silver.
If the foreign countries that use the dollar as a reserve currency drop the dollar and turn to a different currency as the reserve currency it will take a lot more dollars to buy that ounce of gold or silver.
Take a look back to England during the last century, their sterling pound had been the worlds reserve currency for nearly 150 years. Then they too began printing paper money way beyond the sterling reserves to back it. They saw the foreign countries drop the sterling as a reserve currency and turn to the dollar. At that point England went through a horrific inflationary period and everyone lost all the money they had in sterling.
If everyone stops using the dollar the artificial support it now has will disappear and it will be like Zimbabwe. Yes it could take $10,000 nearly worthless dollars to buy that ounce of gold because that dollar will not be the same dollar that used to buy an ounce of gold for $60 dollars. It will take a whole lot less of what ever currency becomes the new international reserve currency. China is pushing for the Yuan to be accepted and are converting dollars to Yuan to pay for imports. Even Japan is working for the coveted spot and trying to get the Yen in the running. The Euro is not well supported so has little chance. Once the dollar is no longer used as the trade currency on the worlds crude oil trade the fall will come fast and hard.
If you do not like gold or silver, find another currency that is not facing inflation like the dollar is.
Warren Buffet and Berkshire-Hathaway converted liquid assets to silver and had it delivered to secure storage (not a Bank!) in London. Since it is not in a bank it is not reported to the IRS or Treasury. Since it is not reported, it will not be taxed at all. If Warren is doing it, you can rest assured that Mr. Soros and many, many members of congress are doing similar things.
wf80diditApr 25, 2011
Do you buy coins and if so where do you get them from? I'm still kicking myself for not doing it when I had the money to do so. I can only afford silver right now but if the economy ever tanks like people are predicting I'd rather have something with real value then a bunch of worthless green paper in my pocket.
bille3Apr 26, 2011
I deal with a reputable company online that has one of the lowest markup rates. I purchase outright in various forms and weights.
California Numismatic.
letherialApr 21, 2011
lay out, with dollars and links, where obama spent 14 trillion at. If you look at it, its the wars, the tax breaks and other conservative spending(medicare part D). sure the dems had the stimulus, but this kind of debt does not happen in 2 years
also, all these things that are contributing to this debt, the right wing voted for...yes the people who are currently railing on obama that its his fault is really their fault, but fox news wont tell you that.
get your facts straight and then dislike the president...or at least when your trying to re-spew right wing talking points, provide proof that would challenge the facts.
bdbrApr 21, 2011
Fine argument, except no one said he spent 14 trillion.
Both presidents made a mess of it. Bush increased the debt by half in his eight years. Obama increase it by more than half again in three years. The one thing both parties can agree on is borrowing money like crazy.
letherialApr 21, 2011
Lets also not forget that congress needs to go along as well, just blame DC
and yes, the right wing are trying very hard to pin that 14 trillion right on obama
xophermvApr 21, 2011
Indeed, there is plenty of disinformation and outright spin coming from the far-right at Fox News.
http://msnbcmedia.msn.com/i/MSNBC/Sections/TVNews/MSNBC%20TV/Maddow/Blog/2010/09/debt.jpg
That's how much Obama spent in comparison with the other presidents. Keep in mind that Obama was forced into spending this money in order to clean up the economy left behind by Bush, a president who chose to go to war with Afghanistan and not pay for it, a president who chose to go to war with Iraq and not pay for it, a president who chose to pass Medicare Part D and not pay for it.Comment is buried, click here to see the rest.
jimtrafApr 21, 2011
Worst president in US history.
sydbloomApr 21, 2011
Great job Obummer...
rastas11Apr 21, 2011
The Glorious Leader and John Kerry are probably hopping and skipping around the White House shouting "Yippy, yippy gas is at $5 going to $7"
1badarsemutherApr 21, 2011
You've just written one of the most insanely idiotic things I have ever read. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone online is now dumber for having read it. I award you no points, and may God have mercy on your soul.
michelspcApr 21, 2011
For some reason I have the urge to read "The Puppy That Lost His Way."
rastas11Apr 21, 2011
That's one of my favorites.
bc1358Apr 20, 2011Submitter
As much as I would hate paying $6 a gallon gas (or $5 for that matter), it may be a price worth paying for a while in order to ensure Barry is a one term president and the Dems are routed from the Senate.Comment is buried, click here to see the rest.
darthmeatloafApr 20, 2011
Because that's the mature way to look at it.
A Senate comprised of a single political party would be the single most destructive force ever witnessed in the United States, no matter which party it ended up being.
imurphsApr 20, 2011
You mean like it was for the last 3 years?
amaoicanApr 20, 2011
I think the Dems did a pretty good job bending over backwards to not abuse their power. But you can only reach out to the opposition for so long - at some point, the business of the people has to get done.Comment is buried, click here to see the rest.
imurphsApr 20, 2011
the business of the people?
http://www.rasmussenreports.com/public_content/politics/current_events/healthcare/health_care_law
http://www.rasmussenreports.com/public_content/archive/health_care_update_archive/51_favor_repeal_of_the_health_care_law
http://www.gallup.com/poll/4708/healthcare-system.aspx
Funny thing about that last link is the first graph; when we started hearing about what the reform was about, MORE people thought it was less of the governments responsibility than the previous 5+ years...
if 50.1% or more disapprove, it is not the "business of the people"
letherialApr 21, 2011
Not suprising considering the lies the right wing spread. Seriously, there is a mature way to handle it and it is not yelling socialism, jumping up and down and crying about death panels
and thats what the republicans did, confusing Americans (the very ignorant ones anyways)Comment is buried, click here to see the rest.
pc25Apr 20, 2011
I think the Dems did a pretty good job bending over backwards to not abuse their power.
how clueless are you......Pelosi frooze out any and all input from the Republicans while drafting her legislation......
jeffshaughtApr 20, 2011
spell check much?
pc25Apr 20, 2011
old maching no spell check......meanwhile the claim is true.....
pc25Apr 21, 2011
http://dailycaller.com/2010/10/27/republicans-must-learn-from-pelosis-mistakes/print/
Republicans should learn a lesson from Pelosi’s tenure: legislation must have a solid foundation of bipartisan and public support. Strong-arm tactics from the majority party undermine public confidence and undercut support for the legislative agenda. Should Republicans regain the House on Tuesday, we cannot afford to follow Pelosi’s example of silencing minority input and ignoring public feedback.
Speaker Pelosi’s low favorability rating among voters indicates widespread rejection of her efforts to ram unpopular bills through Congress. Rasmussen polls six weeks before Election Day showed Pelosi to be the most unpopular of the four top Congressional leaders, with only 12% of voters saying they view her very favorably. Without a broad foundation of support, Pelosi’s agenda may get swept away when voters have their say next week.
The democratic process was meant to be a consensus-building exercise —
pc25Apr 21, 2011
seems the same drive by cretins from propeller are here again. They will neg but have nothing to say AGAIN.......
ferretmanApr 24, 2011
@darth - Yes, the Democrat Senate has been pretty spectacularly destructive.....
darthmeatloafApr 24, 2011
If you're saying that because you believe me to be a Democrat, you may want to rethink how you formed your response.
Sure, the Democrats were jackasses. The Republicans are currently BEING jackasses.
As bad as either is/was perceived to be, you need to take my earlier statement at absolute face value:
As bad as you feel the Dems were for that 3 year stretch, imagine how much worse it would have been if the Senate, during that same time period, was comprised of 100 Democrats.
As bad as the Republicans are being now, imagine how bad it wold be if the Senate was comprised of 100 Republicans.
Anyone who thinks that either one of those scenarios is good has forgotten how to think for themselves.
ferretmanApr 28, 2011
@darth - I didn't call you a Democrat, simply noted how destructive they've been. The Republicans in the past have been nearly as bad.
Having a Senate of 100 Republicans would actually be a nice change, but without the backbone of the Tea Party I don't particularly trust them any more than I'd trust 100 Democrats.
CONSERVATIVES are what is needed of whatever (or not) political party, not Republicans or Democrats. Anybody who confuses Republicans with Conservatives has forgotten how to think for themselves.
darthmeatloafApr 28, 2011
I think I may have missed a sentence, because the first part equated to an either/or scenario.
I think having both Conservatives and Liberals present is still a good thing, but the polarization needs to be broken and WAY more moderates need to be involved.
If it's all Conservatives, there is very little need for compromise, and things will be done that none of the populous likes.
If it's all Liberals, there is likewise very little need for compromise - to the same effect.
If there is a mix of Liberals and Conservatives, along with a decent number of Moderates, the Moderates would help facilitate reasonable compromise. Lack of compromise in the House and the Senate is probably the biggest contributor to the problems we currently face.
ageofmasteryApr 20, 2011
There you have it, the right wishing for America to suffer so they can get back into power.
r0am3rApr 20, 2011
We are already suffering with this dolt in the White House. Obama's experience as a Community Organizer has really come in handy with our economic recession. Oh wait...Comment is buried, click here to see the rest.
TheMightyZordonApr 22, 2011
Yeah. . .now you have a taste of how it was for us being forced to tolerate Bush. Go stuff it.
ferretmanApr 24, 2011
@TheMighty - And so you're saying that makes it all right?
Not sure of your message, dude....
Closed AccountApr 21, 2011
Where? You have one person making a comment. Seems to me that high gas prices (and why the hell were they that high) played into Bush's disapproval.
I don't want $6 gas. I don't want $4 gas ... which is what it is here now. Now how HIGH was it under Bush when everyone was bitching?
UltimateUsernameApr 21, 2011
WOW.....i knew Digg had idiots..but you take the cake.
Prices of gas has a time delay. The reasons why the prices werent that high when Bush took office is b/c he was riding the coattails of Bill Clinton's era.
After Bush created 2 wars, lowered the tax rate, allowed majory oil companies (Haliburton, BP, Shell) get away with not paying any taxes back in 2001 and 2002....THEN did gas prices start to rise quicker.
But gas prices have been on the rise since the mid '90s, just recently it has moved higher quicker, only b/c of the all the unrest in the Middle East, which wasn't caused by the west.
Also the upturn in global economy has driven the demand for more oil, as well as the demand in Japan for oil since the Nuclear plants have been shut downComment is buried, click here to see the rest.
Closed AccountApr 21, 2011
WOW..... i knew digg had idiots....but you take the cake....
there were no coattails of clintons to ride, bush inheritted the .com bust from clinton, the economy was alredy on its way down when he came into office:
http://en.wikipedia.org/wiki/File:Nasdaq2.png
bush only lowered the tax rate 4.9% from what it was under clinton....
aren't major oil companies still not paying taxes???
UltimateUsernameApr 21, 2011
That is correct, the oil companies aren't paying squat to taxes, as well as GE, but GE's "green" projects are tax creditable, so they basically offset the taxes GE would had to have paid.
The economy only was going down a little b/c it was an election year. Once Bush took office it went back up, but then 9/11 occurred and s**t just hit the fan.
Bush should have NEVER reduced the tax rate, he should have raised them back up to the point they were at when Reagan was in office. Esp since he created 2 wars, which needed funding. He destroyed the surplus left by Clinton, would have been less of an affect if the taxes were raised.
Clinton made mistakes by not taking care of business with Saddam and Osama. Also I don't think the government at the time was taking taxes for internet sales, which would have reaped a nice chunk of change for pay down the deficit.
Closed AccountApr 21, 2011
you're just full of missinformation aren't you?
tax rates were lower when reagan was in office (28% compared to bush's 35%)
there was NO CLINTON SURPLUS. our debt never went down under clinton, PERIOD.
we had the largest real increase in tax revenue since the 2003 tax cuts.
plenty of good info here:
http://www.american.com/archive/2007/november-december-magazine-contents/guess-who-really-pays-the-taxes
generalhysteriaApr 20, 2011
That is the same childish way Repugnicans look at most issues. "If I can't have it no one can" That not very smart for anybody. It's like trying to have intelligent conversations with 3 year olds.Comment is buried, click here to see the rest.
drich255Apr 21, 2011
I was going to phrase it a different way. If gas hits $6 a gallon, President Obama will be singing "Drill, Baby, Drill!"
bille3Apr 24, 2011
I have my doubts about that.
unattendedpancaApr 21, 2011
Technically gas is already well over $6.00 a gallon. The US spends a lot of tax money heavily subsidizing refined fuels to keep the price lower for consumers. This is why there is a such a huge disparity between the EU's astronomical prices and our comparatively low ones
kuzotzApr 21, 2011
but in the US I think it has to be done or else well America is screwed. This is what happens when you live in a country of limited mass transit options and everything is too spread out.
cindy6789Apr 21, 2011
i know
cindy6789Apr 21, 2011
i know
sohailpbgApr 21, 2011
This is so true. But we should hope for the best and may it not go atleast beyound our reach. Though it is duty of each person to work for the highs of Dollar...:)
chrisleeukApr 21, 2011
Here in England I dream of only paying $6. Currently a gallon in the UK is around £5.90 which equates to $9.70. It's mostly the 90% tax that's causing the issue here. The prices are so cripplingly high that fuel sales are down and sales of cycles are up, you can see more of them on the streets every month. People are reducing the number of journeys as well and are not going out as much.
When you reach $6 be thankful your not paying close to $10
Currently the world fuel consumption is going up like we have no tomorrow. Unfortunately we do have a tomorrow, and its one where sooner or later with the rapid increase in consumption of gas across the world we will start to run out, then $6 will seem cheap.
So get yours now before world runs out!Comment is buried, click here to see the rest.
ben7337Apr 21, 2011
Luckily england is far smaller than the USA and I believe there is decent public transportation there for the most part right? Not so much in most of the USA. A cycle might get you a few miles sure, but riding a bike 10 or more miles in a day each way to go somewhere would just be ridiculous.
kuzotzApr 21, 2011
um you have to understand US urban planning to understand why owning a bicycle isn't a real viable option for most Americans to get around. Most US cities outside of Chicago, Boston, NYC, and Philly. Has piss poor mass transit. In the south many of the major cities do not have it at all or its limited and you have to drive to the station to be able to ride it defeating its purpose. in Atlanta they're about to start defunding the MARTA only because well i won't go to that topic right now.. Anyway it is a serious situation. Most US metro areas you have to get around by car to do anything.
theexitwoundApr 21, 2011
Where does that 90% tax go though?
howcurecancerApr 20, 2011
tweet it.
torsionApr 21, 2011
I blame Wall Street.
no really,
I do.
bille3Apr 29, 2011
I started with a dollar, with change it became pennies.
bille3Apr 21, 2011
If China can get the Yuan to be accepted as a strong currency they will start dumping dollars for the Yuan and the Yen. China holds the largest amount of dollars outside of the U.S., dumping them will encourage everyone else to dump dollars.
bille3Apr 21, 2011
Many foreign nations use the dollar as their reserve currency. With the dollar losing value they may turn to some other currency. When that happens and they dump their dollars we will see runaway inflation like that of Zimbabwe.
Look back to the middle of the last century at England. The world turned away from using the pound sterling as a reserve currency. That brought England to their knees.