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Reply #99: Do you understand less world demand for the U.S. Dollar? [View All]

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Stuttgart77 Donating Member (58 posts) Send PM | Profile | Ignore Mon May-09-11 10:41 AM
Response to Reply #98
99. Do you understand less world demand for the U.S. Dollar?

"It is unclear how Bernanke will dismount from the tiger's back by June. If he continues with the monetary inflation policy, the US dollar will continue to plunge and risk losing its world currency reserve status. If he stops writing the cheques, interest rates will certainly rise and a liquidity crunch will ensue, which would stall the US economy.

China, Russia and the other BRIC countries, as well as the oil exporting nations, are contemplating how to move away from US dollar transactions. Holding the dollar will pose a risk of further losses because of the US's continuing monetary inflation to debase the currency, and the murky prospects of the US in bringing down its budget deficits and also long-term debt to the tune of $70 trillion to $200 trillion.

On April 23, Tang Shuangning, chairman of China Everbright Group, said China should reduce its excessive foreign exchange reserves and further diversify its holdings. He suggested that the amount of foreign exchange reserves should be restricted to between $800 billion and $1.3 trillion. China's foreign exchange reserves increased by $197.4 billion in the first three months of this year to $3.04 trillion."
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  -Obama Calls for End of Oil Subsidies kpete  May-06-11 05:15 PM   #0 
  - The GOP will fight to the death for Big Oil.  Faygo Kid   May-06-11 05:27 PM   #1 
  - The Grand Oil Party? Yep. I don't think the Dems will fight too hard for us either. nt  valerief   May-06-11 05:33 PM   #2 
  - Why didn't Obama mention this when he had the huge mandate after '08 election?  defendandprotect   May-07-11 01:03 AM   #45 
     - I'd also like to know the answer to that question - is this just more campaign rhetoric?  txlibdem   May-07-11 07:23 AM   #64 
        - I get the feeling he was just stockpiling for re-election  RedCloud   May-07-11 12:07 PM   #76 
           - His deal making on RENEWING the tax cuts for wealthy seem in conflict with his new viewpoint?  defendandprotect   May-07-11 02:42 PM   #87 
  - Faygo  vt_native   May-06-11 06:35 PM   #12 
  - Good. I hope they die. nt  Enthusiast   May-07-11 05:59 AM   #54 
  - Of couse. And, obviously, "we all" includes President Obama.  No Elephants   May-07-11 06:16 AM   #56 
  - $5 Billion is the equivalent of $16 per person, per year in the U.S.  Stuttgart77   May-07-11 12:33 PM   #79 
     - You sound like George AWOL Bush  tabasco   May-07-11 08:13 PM   #92 
        - Did you not hear me?  Stuttgart77   May-07-11 08:37 PM   #94 
  - Give them hell Barack  era veteran   May-06-11 05:40 PM   #3 
  - K & R  Scurrilous   May-06-11 05:41 PM   #4 
  - Well, Good for Obama. Looks like he wants to serve a second term.  JDPriestly   May-06-11 05:57 PM   #5 
  - Did you mean country? But I also understand the United  WHEN CRABS ROAR   May-06-11 07:57 PM   #20 
  - I did mean country. I wonder sometimes what is with my spelling  JDPriestly   May-06-11 11:50 PM   #43 
     - For a minute I thought you were running a solar power company...  goodnews   May-07-11 01:03 PM   #81 
        - Call me skeptical. In reality he just gave oil a big boost  goodnews   May-07-11 01:09 PM   #82 
  - +1-- While he's in this mood, maybe someone should whisper MEDICARE FOR ALL in his ear?  defendandprotect   May-06-11 08:08 PM   #22 
  - Deleted message  Name removed   May-07-11 12:20 PM   #77 
  - Too bad this won't go anywhere with this Congress  neverforget   May-06-11 05:58 PM   #6 
  - That's why Obama can say it n/t  dflprincess   May-06-11 10:47 PM   #37 
  - +1 ---  defendandprotect   May-07-11 01:03 AM   #46 
  - +1. See also, stories at links in Reply # 50.  No Elephants   May-07-11 06:11 AM   #55 
  - And that is the game he plays. nt  goodnews   May-07-11 01:13 PM   #83 
  - I thought the house just voted to keep the loopholes. nt.  mucifer   May-06-11 06:04 PM   #7 
  - I wouldn't hold my breath.....  lib2DaBone   May-06-11 06:06 PM   #8 
  - Gobama!  closeupready   May-06-11 06:07 PM   #9 
  - We could balance the budget by taxing oil company profits 50%.  Initech   May-06-11 06:13 PM   #10 
  - We should confiscate their wealth given the environmental damage they've done to planet --!!  defendandprotect   May-06-11 08:05 PM   #21 
  - Great political initiative even if the congress doesn't act.  cosmicone   May-06-11 06:14 PM   #11 
  - This is why oil is down 15% or so this week  Gman   May-06-11 06:38 PM   #13 
  - How will the the poor oil companies make it?  TPaine7   May-06-11 06:54 PM   #14 
  - Long overdue call, and I applaud it...  Auggie   May-06-11 07:15 PM   #15 
  - Big oil must at least be worried, they're running a lot of TV ads  groundloop   May-06-11 07:37 PM   #18 
     - Raising taxes on gasoline consumers pay at the pump is a different issue entirely  No Elephants   May-07-11 07:20 AM   #63 
  - 'Bout Time! K&R!  DRex   May-06-11 07:29 PM   #16 
  - About time... Too bad the Grand Oil Party will never go for it! n/t  RoccoR5955   May-06-11 07:30 PM   #17 
  - FDR should have NATIONALIZED oil in the 1940's .... unfortunately,  defendandprotect   May-06-11 07:56 PM   #19 
  - Is there a link to he wanted to nationalize?  Muskypundit   May-07-11 03:03 AM   #49 
     - Something like nationalizing oil would not likely have been part of any  No Elephants   May-07-11 05:17 AM   #51 
     - Re your comments ...  defendandprotect   May-07-11 02:53 PM   #89 
     - I did a (very) little poking around. This link says  No Elephants   May-07-11 07:38 AM   #65 
     - We've just recently had this go-around here -- and someone did pull it up ...  defendandprotect   May-07-11 02:45 PM   #88 
  - "unwarranted subsidies" means nothing to the low-informed. Call them BigOil Bailouts  wordpix   May-06-11 08:54 PM   #23 
  - "...close tax loopholes for large oil companies..."  unkachuck   May-06-11 09:06 PM   #24 
  - $75?? Is that all?  Beartracks   May-06-11 09:25 PM   #25 
  - Typo on NY Times part.  ohbill   May-06-11 09:32 PM   #29 
     - Wait -- so by tax credit, you mean...  Beartracks   May-06-11 10:38 PM   #34 
        - It's a tax "credit", so it's not necessarily free money.  ohbill   May-06-11 10:55 PM   #39 
           - Cool, thanks. n/t  Beartracks   May-06-11 11:48 PM   #42 
  - Good luck with that - it ain't gonna happen unless we take back the House...  polichick   May-06-11 09:27 PM   #26 
  - The Big Oil Party will not allow this to happen.  sarcasmo   May-06-11 09:28 PM   #27 
  - Source is wrong: it's not $75 tax rebate, it's "Up to $7500" tax rebate to buy an electric car  txlibdem   May-06-11 09:31 PM   #28 
  - Thanks for posting this-  IronicNews   May-06-11 10:43 PM   #36 
     - I know, right? In many parts of the nation you can't bring the family out to dinner for $75  txlibdem   May-07-11 07:19 AM   #62 
  - Good start....noiw stick with it and then head down to Florida...  Moostache   May-06-11 09:55 PM   #30 
  - Right! Mustache!  angel2   May-07-11 11:01 AM   #73 
  - !  lonestarnot   May-06-11 10:02 PM   #31 
  - K&R  ck4829   May-06-11 10:27 PM   #32 
  - I knew he was a traitor!!!!  Rage for Order   May-06-11 10:35 PM   #33 
  - Waiting to see what actually happens (if anything) may be prudent.  No Elephants   May-07-11 06:22 AM   #57 
  - Really?  IronicNews   May-06-11 10:41 PM   #35 
  - They're sucking us dry & add in the speculators.  Historic NY   May-06-11 10:50 PM   #38 
  - WHAT A DARING STANCE!! : /  OKDem08   May-06-11 11:19 PM   #40 
  - Remember "Any bill I sign must include a public option"?  MannyGoldstein   May-06-11 11:37 PM   #41 
  - Obama in campaign mode  MilesColtrane   May-07-11 12:51 AM   #44 
  - Yup. n/t  progressoid   May-07-11 01:19 AM   #47 
  - k&r  Tripod   May-07-11 01:23 AM   #48 
  - actually, uh, no. what obama is doing is slashing corporate taxes (that's the plan,  inna   May-07-11 03:30 AM   #50 
  - WOW. Thanks for those links.  No Elephants   May-07-11 05:43 AM   #53 
  - K&R  PuffedMica   May-07-11 05:28 AM   #52 
  - Woo Hoo!  Shadowflash   May-07-11 06:33 AM   #58 
  - That was a typo from the source article  txlibdem   May-07-11 07:45 AM   #66 
  - Watch them use this as an excuse to raise prices.  Sirveri   May-07-11 06:37 AM   #59 
  - Good, now let's see what Congress will do with this.  Cass   May-07-11 06:51 AM   #60 
  - if the republicans don't kill this, the opec nations will  mopinko   May-07-11 07:09 AM   #61 
  - Now the commodities. Corn and wheat prices have doubled.  russspeakeasy   May-07-11 09:09 AM   #67 
  - Obama is right, of course  90-percent   May-07-11 09:33 AM   #68 
  - The solution to high prices at the pump is to do something that will increase prices at the pump  slackmaster   May-07-11 09:34 AM   #69 
  - To recoup that 5 billion all they have to do  madville   May-07-11 10:09 AM   #70 
  - Ah, he's too good at this. He'll probably get re-elected. -nt-  DireStrike   May-07-11 10:11 AM   #71 
  - Hope it's a beginning--  angel2   May-07-11 10:27 AM   #72 
  - Oh, yeah, Congress will jump on that. NOT. nt  valerief   May-07-11 11:53 AM   #74 
  - $5B - how many schools could that help?  dana_b   May-07-11 12:02 PM   #75 
  - Now THAT'S the Obama I voted for  Taverner   May-07-11 12:31 PM   #78 
  - It sounds good but I dont think it is possible. nm  rhett o rick   May-07-11 12:55 PM   #80 
  - About time. I have ZERO confidence this will ever happen, but people  AllyCat   May-07-11 01:13 PM   #84 
  - He says one thing and does another. His "splendid" little war with  goodnews   May-07-11 01:17 PM   #85 
  - We should institute an emergency oil profits tax.  MessiahRp   May-07-11 01:30 PM   #86 
  - If anyone can do it, President Obama can. n/t  Lindsey   May-07-11 03:23 PM   #90 
  - That would result in oil drying up for the entire U.S.  Stuttgart77   May-07-11 07:27 PM   #91 
     - They can't win that war really.  MessiahRp   May-08-11 01:54 AM   #96 
        - Of course they can't win it.  Stuttgart77   May-08-11 11:13 AM   #97 
           - Do you understand Supply and Demand?  MessiahRp   May-08-11 02:18 PM   #98 
              - Do you understand less world demand for the U.S. Dollar?  Stuttgart77   May-09-11 10:41 AM   #99 
  - kick!  shanti   May-07-11 08:30 PM   #93 
  - It's about time to start to end corporate welfare.  Hieronymus   May-07-11 08:43 PM   #95 
  - Kick.  sarcasmo   May-09-11 06:20 PM   #100 

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