POWIP Piece of Work In Progress

1. 

   Bob Reed
   September 8th, 2009 - 14:28

   I’m not a fan of this measure for a variety of reasons…

   I also am worried that Geitner and the administration as a whole don’t seem too worried about the slipping value of the dollar; the effects of which send shock waves through our import dependant economy…

   I wouldn’t mond hearing the views of our resident exchange trading guru on this matter. But, he hasn’t been around much lately…

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2. 

   Enoch_Root
   September 8th, 2009 - 14:47

   Ever since someone (not to be named – ahem) called him a “Trust-Funder” and someone else called him an “Order Taker”

   Let’s blame it on Dan.

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3. 

   SBP
   September 8th, 2009 - 16:42

   Well.

   I’ve been meaning to buy a bit of gold anyway.

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4. 

   Enoch_Root
   September 8th, 2009 - 17:33

   better do it now – though if I had cash, I would put it on silver – artificially low.

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5. 

   Edgell McHickfistter
   September 8th, 2009 - 21:06

   Enoch_Root :

   Ever since someone (not to be named – ahem) called him a “Trust-Funder” and someone else called him an “Order Taker”
   Let’s blame it on Dan.
   

   Your jealousy flatters me. I now grant you permission to remove your lips from my ring finger.

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6. 

   Bob Reed
   September 8th, 2009 - 21:18

   Well edge, much like MacArthur you have returned. You’ve been conspicuous in your absence…

   What do you think of this ida of a global currency, administered by the UN, with fixed exchange rates that would only be adjusted for differences in inflation?

   WOuldn’t that cut into your FOREX action?

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7. 

   Edgell McHickfistter
   September 8th, 2009 - 22:19

   My answer to your question is I dunno, dude.

   On my UBS account I already have the option to keep cash in a mixed currency basket, which I do on occasion, but I see no such option on my TD Waterhouse account, the TD standing for Toronto Dominion Bank, and I don’t think RBC Dain Rauscher offers that option either, but I no longer do much business with them since I can simply direct a trade at them and even specify who to call on which of their desks if need be; it’s all electronic mange. Bank of America, nope, no Euro or mixed currency option offered to me, but I’ve less than a $100K with them so maybe they offer no such privilege until you pony-up more.

   I’d assume the benefit of a unified currency is for large settlements of international trade contracts between large corps based in smaller countries, maybe, remembering my original answer.

   As a safe haven currency the dollar still does reasonably well but the Euro and Yen and the basket of Pound, Swiss Franc, Yen, Dollar, Euro are gaining popularity on that front.

   My question to you would be why do you care?

   Are you sincerely interested in problematics of international trade or are you simply looking for another reason to go bleary-eyed conspiratorial loony tuning?

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8. 

   Bob Reed
   September 8th, 2009 - 22:33

   Well, I didn’t realize I was all that conspiratorially looney-tooney; I’ll try to do better in the future.

   But, I worry about the dollar’s value and how it effects our exports and the price of things we import. I think a falling dollar hurts the little guy since things like gas cost a whole lot more; and I believe that the collective monies of the little guys are more important to our domestic economy than those more well off. As I mentioned before, I worry about the shock waves that would ripple through the economy if imported goods suddenly cost substantially more…

   Of course the flip side is that our goods are more viable, from a price standpoint, when the dollar is cheap. It strikes me as a precarious balancing act. But since most major politicians of all parties have talked about desiring a strong dollar in the past, I assume it’s still what we’d prefer these days.

   I’m thinking both of domestic macro-economics as well as international trade. As for your currency trading, well, I figured you have the acumen to adjust as necessary.

   There are some interesting sidebar links to other stories on the page that Enoch linked that provide more information as to the UN’s motivation as well as what they believe would be accomplished.

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9. 

   Enoch_Root
   September 8th, 2009 - 22:42

   I am going for the looney-tooney angle myself – I am not at all convinced that our commodities markets are not being manipulated – that is to the end of being artificially low – likewise, I am not at all convinced that Obamnibus isn’t trying to bring the nation to its knees. Printing money with reckless abandon while leveraging the country to previously unimagined stratospheric height, while spending it like it’s going out of style – either he is just incredibly naive or purposefully inept.

   Now, given that he is heralded by the socialists as the brain of all brains, we must give him the benefit of the doubt – which leads us to a purposeful undermining of the private economy toward the ends of statism and one-world government.

   3 years ago I would have called myself a loon – but, really, now I feel more sane than ever.

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10. 

    SBP
    September 8th, 2009 - 22:49

    Thanks, Enoch. Silver is more fungible anyway.

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11. 

    Edgell McHickfistter
    September 8th, 2009 - 23:35

    Bob Reed :

    Well, I didn’t realize I was all that conspiratorially looney-tooney; I’ll try to do better in the future.
    But, I worry about the dollar’s value and how it effects our exports and the price of things we import. I think a falling dollar hurts the little guy since things like gas cost a whole lot more; and I believe that the collective monies of the little guys are more important to our domestic economy than those more well off. As I mentioned before, I worry about the shock waves that would ripple through the economy if imported goods suddenly cost substantially more…
    Of course the flip side is that our goods are more viable, from a price standpoint, when the dollar is cheap. It strikes me as a precarious balancing act. But since most major politicians of all parties have talked about desiring a strong dollar in the past, I assume it’s still what we’d prefer these days.
    I’m thinking both of domestic macro-economics as well as international trade. As for your currency trading, well, I figured you have the acumen to adjust as necessary.
    There are some interesting sidebar links to other stories on the page that Enoch linked that provide more information as to the UN’s motivation as well as what they believe would be accomplished.
    

    When the Fed, or past administrations, say they’re on the “strong dollar policy” then what that means is they will increase/change interest rates to effect dollar trading.

    When U.S. interest rates are higher than other countries then their foreign currency is sold and dollars are bought so that those newly bought dollars can sit in U.S. money market funds of U.S. Treasury t-bills.

    If you want to know why the U.S. dollar lost 40% of its value against the Euro under Booosh you have to look no further than Greenspan dropping the U.S. Fed Funds rate to below that of the ECB’s, European Central Bank. That attracted large pools of money to the Euro, not specifically for safe haven purpose but for yield. In essence Greenspan reversed the strong dollar policy to a neutral dollar policy (note they never call it a weak dollar policy), meaning his top priority was organic econ stimulation versus currency concerns.

    To defend the dollar the Fed raises interest rates.

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12. 

    Edgell McHickfistter
    September 8th, 2009 - 23:51

    Enoch_Root :

    I am going for the looney-tooney angle myself – I am not at all convinced that our commodities markets are not being manipulated – that is to the end of being artificially low – likewise, I am not at all convinced that Obamnibus isn’t trying to bring the nation to its knees. Printing money with reckless abandon while leveraging the country to previously unimagined stratospheric height, while spending it like it’s going out of style – either he is just incredibly naive or purposefully inept.
    Now, given that he is heralded by the socialists as the brain of all brains, we must give him the benefit of the doubt – which leads us to a purposeful undermining of the private economy toward the ends of statism and one-world government.
    3 years ago I would have called myself a loon – but, really, now I feel more sane than ever.
    

    STFU, moron, it was exactly your type and your gaggle of political hack ignorants who sent the Molotov cocktails into our banking system.

    Don’t aw-shucks-who-knows-why with me, igno.

    Our system is fucked up and nobody needs your alley level ignorance defending the failed status quo. If you haven’t noticed, Eno, that’s about all you have left in that party of tea-bags, namely nothing but fiercely stupid name-callers.

    Yet, still, I stand alone in an army of you prissy name-callers as the King, the Big Throbber in your teeny pucker!

    Night, prissing dilettantes.

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13. 

    Enoch_Root
    September 9th, 2009 - 05:58

    Button – big – depress.

    Obamnibus is in over his head – and you have buyer’s remorse. no worries – you are not alone. He duped a lot of peeps.

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14. 

    Edgell McHickfistter
    September 9th, 2009 - 06:44

    Your simpleton ilk tasted bitter defeat at the hands of a black man.

    Get over it.

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15. 

    Enoch_Root
    September 9th, 2009 - 07:17

    I hadn’t noticed he was black. Seems only those on your side care about that sort of stuff – which would make you a – what’s the word?

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16. 

    Edgell McHickfistter
    September 9th, 2009 - 07:27

    Person with perfect vision is four words.

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17. 

    Enoch_Root
    September 9th, 2009 - 07:31

    Egg McFistedalot –

    You are one of those who believes you are doing Good Work – but, in reality, you are a racist man – because you see color rather than content of character.

    Look away from his color and consider the actuality of his character. Defend THAT if you must – but his color is insignificant to me.

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18. 

    Pablo
    September 9th, 2009 - 08:11

    No, whor knows he’s a scumbag. He revels in it.

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