Republican hopefuls blast Iran, reject Iraq pullout

AndyMay 5th, 2007 - 15:47:32

Stick to your out of date concepts SP - the real world has moved on old timer

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SP4: Andy - Professor Layton and his BoyfriendMay 5th, 2007 - 16:24:44

You know, Andy, I did a poor job explaining and I wish to apologize.

I had a professor like you once. Professor Layton was telling us, in 1977, why the Russian currency was getting stronger while ours was weakening.

I had a moment of clarity, after some serious beer drinking and womanizing, and said 'Professor, Russia has bread lines sir'

He said 'Yes?'

I said 'well sir bread is flour, water, energy and labor sir'

He said 'that's correct'

I said 'that being the case, how valuable can a currency be if it's holders can't even buy bread?'


He said 'that's very simplistic son'

I said 'it is, indeed sir, but that fact does not necessarily undermine the premise of my thesis, does it sir? If they can't produce bread, why would we think that they can produce anything else efficiently?'

Then, he rambles on into currency valuations..

Professor Layton was a F--kin dildo, and academia buys it 24/7.

I know this, because he was also a rep to my state legislature and checked into a hotel under another reps name, ostensibly to screw his boyfriend, thinking no one in this little town would notice. How frickin stupid do you have to be?

Back to econ 101

You see Andy, currency is only valuable as to what it can buy. When it is weak against the dollar, we can go abroad and buy the things we wish for at a bargain. When it is strong against the dollar, THEY can come and buy from us, at a bargain! Since American corporations are more productive, we get a benefit both ways! This is a far better explanation than the one you offered, which was none.

In a free trade, globalized world, our disadvantage has a HEDGE, or a limiting factor to the weakness. Since we both import and export a great many things, we BENEFIT both ways, even if it is not totally a washout.

Europe, on the other hand, needs exports like a junkie needs dope. Your corporations are nothing more than troughs for your corporate aristocracy to feed at. You vanunted capitalization is due to the lax corporate accounting your elected officials are blind to, and if they do fail, your piglet politicians feed it, just like Airbus.

As my broker, who made me a pile of $$ for me said, 'don't by foreign stocks because the annual reports are complete falsehoods'. Further study for you Tony might include 'Airbus', or 'Parmalat' or, well, just pick one.

In America, we have SARBANES-OXLEY, end of story. I hope this was meaningful. As Professor Layton would say 'bend over sugar and let the wild goose fly'.

Caio, babe...

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AndyMay 5th, 2007 - 17:29:02

If oil was priced in (say) Euros, as the Dollar falls (over 25% in the last decade) you would need to pay more and more dollars to get Euros to buy oil. This hasn't happened because oil is priced in Dollars, so you haven't paid more - therefore you have artificially cheap oil

Nice to know Toyota is doing so well - profits go back to Japan of course, which uses them to invest in Europe where prafits - being in the strong £ and Euro - are worth much more

Not sure what your above ramble above is about - unfortunately you use words which are in American, but not the English language.

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SP4: Andy...Schools InMay 5th, 2007 - 19:58:27

Andy:

Since there is an orderly market for currencies, wouldn't oil, priced in dollars be readily convertible into oil priced in, say, euro's, gold, rubles etc.?

The only stopper here is if they only ACCEPT dollars for PAYMENT, Andy.

Now that has a whole, different connotation, doesn't it? Why do you think that might be? Security of the dollar? Ability to buy a wide range of goods (everything), services (every other thing) and financial instruments ?(T-Bills, stocks, etc.) Why is it they buy these and not 'euros' or European stocks?

They know what my broker knows, Andy.

That's the beauty Andy...we get a pile of it back! This is called 'trade'. We do it all the time. We're good at it! We make trade deals with nations and it benefits us. It pumps up our employment, sells our debt, pays for our oil. It's a real deal, because, Andy, we know how to make money. Profits out the door?

Nonsense.

We get the MRP and the MRO, the jobs, the trade. It's a deal, and here's the best part, a lot of that profit gets reinvested right here in the good ol USA! In plant & Equipment Andy. Ever wonder why folks are just running from Europe's business environment?

Get back to us on that one Andy. By the way, go check the prosperity of America's trade partners too.

Schools out Andy. That's another American term. Feel free to look it up. I should charge you for these lessons. I only accept dollars Andy.

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Just FYIMay 5th, 2007 - 20:05:20

'Not sure what your above ramble above is about - unfortunately you use words which are in American, but not the English language.'

Andy, you are an idiot, that is why you didn't understand.

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SP4: Not Stupid, IgnorantMay 5th, 2007 - 21:23:05

..well, maybe a little stupid. Using one standard of measure to assess a whole economy is ignorant. Knowing it's ignorant ,and still doing it is stupidity.
Nonetheless, I read crap like this every day, while tax dollars are just coming into the American government by the truckload, because of free trade and lower taxes! The American economic juggernaut can take care of itself. A pity we can't tap it for social security.

My original point was that we managed to do this while LOWERING taxes. Supply side economics works and works bitchin. If only we could get government to do this with oil. Reagan dereguated oil in the 80's and the shortages disappeared. If we allow drilling and production on the east coast and Alaska, we could be exporters!

The best part, we KNOW it's there!

How crazy is that???

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andyMay 5th, 2007 - 22:22:38

You missed the point in my catch scenario - I cant be bothered with peasant mentalities. Goodbye

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SP4: We Understood, AndyMay 6th, 2007 - 22:47:10

We just think you're wrong.

Why is it pseudo-intellectuals hide behind such a lame tit excuse? Everyone see's it for what it is.

The world has changed and the folks who don't seem to get it are academics and liberals. To them it's time for yesteryear, 'the good old days'.

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tonny from belgiumMay 7th, 2007 - 13:55:22

There is a few flaws in SP4 logic,he must have been a bad economy student is mu guess .If the US dollar is the currency on the oil market because it is so strong,why is the dollar losing to the euro ?
Furthermore it is not true that european companies are investing in the USA because it is so much better .THey are expanding there ,so in fact aquiring a bigger portion of the market .Big difference if you ask me .But in fact almost all your arguments are nonsense ,only made up to demonstrate the superiority of the USA to Europe .All that is water under the bridge .Facts dont care about propaganda .Both European and american companies are in fact investing in China most of all,because they pay peanuts as wages .THat is the new trtend .
As for full employment and economy booming in the USA ,sorry but that is not happening .As usual republicans are just profiting from the work that Clinton has done on the budget deficit .It is not exactly a well kept secret that Clinton has balanced the budget deficit and Bush took advantage of the clean slate to dig a new hole ,an abyss in fact .HOw can anybody claim that spending trillions of dollars on weapons is creating welfare .THat is the most supid thing ever said as weapon industry is making goods unfit for consumption .
I will gladly elaborate on that especially for SP4 as his economical knowledge is below average .You see my friens :if you make a bicycle or a house,you can actually profit from it .Now tell me what,can you do with a missile ?Is it making life better for anybody on the economical level ?Certainly not .Now please refrain from the usual propaganda about a safer world and all that bullshit.THatis politics,right now we are into economics and consumerism .Capice ?

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SP4: Tonney, get a gripMay 7th, 2007 - 16:49:59

Answer - You can sell the missile, too. If it's made in the USA, we make money. If you make it, you lose money. If you buy expensive oil, but your economy successfully uses it as a tool, and profits from it, you still win. Weak dollar? Fine. They will buy more of our goods. Strong dollar, we get a bargain on needed items for the money machine.

Anyone can act superior, Tonney, but money is money. If they build plant & eq. in America, so much the better. A weak dollar helps the process, Tonny. This is the result of the free trade phenomena. It's a hedge for us, but affects trade-managed nations negatively. You guys have been feeding the trough with stifling taxes and your economy shows it. In a land of opportunity you have dumbed down your brightest. How you can do this just baffles the world when Europe could be a powerhouse.

Better study the facts, Tonney. S&P is through the roof. The stock market is hot. Orders up, inflation in check, Bushs tax receipts have blasted through the Clintons by 40%. Tech bubble? Hah! Those are the facts Tony.

Like Prof. Layton, you blindly adhere to outdated parametrics. The world you are living in has changed and you are still living in the Kenysian bubble.
You're a bigot, Tonney. You refuse to see the facts. They are laid in front of you and you still refuse. A win is a win.

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Riznik - Alfred KahnMay 7th, 2007 - 17:17:12

Renowned economist Alfred Kahn once went on the PBS show Wall Street Week and said 'we need to all get bicycles.'

About three years later, Reagan deregulated the price of oil and there were no more shortages.

Kahn was out to sea in a world no one lived in. Like his colleagues, he was living in the last throes of the Keynesian noose that strangled America for 25 years. When Reagan started the supply side revolution, all of the sickly indicators went away.

Tonny, it was Reagan, certainly not Clinton, that revolutionized the American economy. We are still benefiting today.

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