Comments on: The Greenback Buy-Back Plan: Why The Rising US Dollar is the World’s Biggest Hoax http://www.getmoneyenergy.com/2008/08/greenback-buy-back-rising-us-dollar-hoax/ Canadian Dividend Stocks and DRIP Investing for Dividend Growth and Cashflow Sat, 06 Aug 2011 12:18:12 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Double http://www.getmoneyenergy.com/2008/08/greenback-buy-back-rising-us-dollar-hoax/comment-page-1/#comment-323 Double Sat, 30 Aug 2008 04:17:06 +0000 http://www.getmoneyenergy.com/?p=100#comment-323 I was talking stronger US dollar better in terms of oil price as high oil is causing inflation as oil is a cost of just about everything that is made whether as a material input or freight. US dollar is inversely related to oil. Sure oil can be priced in any currency and could happen but most likely will not. I was talking stronger US dollar better in terms of oil price as high oil is causing inflation as oil is a cost of just about everything that is made whether as a material input or freight. US dollar is inversely related to oil.

Sure oil can be priced in any currency and could happen but most likely will not.

]]> By: MoneyEnergy http://www.getmoneyenergy.com/2008/08/greenback-buy-back-rising-us-dollar-hoax/comment-page-1/#comment-322 MoneyEnergy Fri, 29 Aug 2008 18:46:15 +0000 http://www.getmoneyenergy.com/?p=100#comment-322 Thanks LOD!! @Double: yes, it's largely the trade deficit that is horrendous and an embarrassment. I'm not sure that there's anything inherently better for the world about having a "stronger" US dollar if that strength is merely relative. For one, oil can be priced in any currency, that's rather arbitrary (see my post on the Iranian Oil Bourse in Euros). Number two, if we're talking about a strong US economy (ie., not a "strong" fiat currency), then of course that would be better. It's always better when borrowers pay back their lenders. Thanks LOD!!

@Double: yes, it’s largely the trade deficit that is horrendous and an embarrassment.

I’m not sure that there’s anything inherently better for the world about having a “stronger” US dollar if that strength is merely relative. For one, oil can be priced in any currency, that’s rather arbitrary (see my post on the Iranian Oil Bourse in Euros). Number two, if we’re talking about a strong US economy (ie., not a “strong” fiat currency), then of course that would be better. It’s always better when borrowers pay back their lenders.

]]> By: Living off dividends & passive income http://www.getmoneyenergy.com/2008/08/greenback-buy-back-rising-us-dollar-hoax/comment-page-1/#comment-321 Living off dividends & passive income Fri, 29 Aug 2008 04:19:05 +0000 http://www.getmoneyenergy.com/?p=100#comment-321 good post - i stumbled it. good post – i stumbled it.

]]> By: Double http://www.getmoneyenergy.com/2008/08/greenback-buy-back-rising-us-dollar-hoax/comment-page-1/#comment-320 Double Fri, 29 Aug 2008 03:30:44 +0000 http://www.getmoneyenergy.com/?p=100#comment-320 It is in the world's best interest to have a stronger US dollar as that will mean lower oil prices. However, it will be very difficult to keep propping up the US dollar when the US government keeps churning out ridiculous massive deficits. It is in the world’s best interest to have a stronger US dollar as that will mean lower oil prices. However, it will be very difficult to keep propping up the US dollar when the US government keeps churning out ridiculous massive deficits.

]]> By: MoneyEnergy http://www.getmoneyenergy.com/2008/08/greenback-buy-back-rising-us-dollar-hoax/comment-page-1/#comment-319 MoneyEnergy Thu, 28 Aug 2008 15:34:04 +0000 http://www.getmoneyenergy.com/?p=100#comment-319 It's definitely amazing that they've been able to prop things up for this long in the first place. Imagine a credit card holder who keeps transferring his balances from one card to another, and another, and another, practicing arbitrage all the while and just never pays it off. What happens to this person? Do the same rules apply or not to the US? It’s definitely amazing that they’ve been able to prop things up for this long in the first place. Imagine a credit card holder who keeps transferring his balances from one card to another, and another, and another, practicing arbitrage all the while and just never pays it off. What happens to this person? Do the same rules apply or not to the US?

]]> By: Mike http://www.getmoneyenergy.com/2008/08/greenback-buy-back-rising-us-dollar-hoax/comment-page-1/#comment-318 Mike Thu, 28 Aug 2008 13:37:14 +0000 http://www.getmoneyenergy.com/?p=100#comment-318 In my opinion it is only a matter of time before the dollar goes into freefall. The simple fact of the matter is that by intervening now they are just pushing the inevitable back by a couple of months. Gold should see a serious spike in the coming months if this intervention fails. The question I have is how long can they go on buying dollars for? In my opinion it is only a matter of time before the dollar goes into freefall. The simple fact of the matter is that by intervening now they are just pushing the inevitable back by a couple of months. Gold should see a serious spike in the coming months if this intervention fails.

The question I have is how long can they go on buying dollars for?

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