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Forum Post: The dollar is rising in value which would help the working class, but...

Posted 1 year ago on Nov. 10, 2012, 9:47 a.m. EST by richardkentgates (3269) from Fort Walton Beach, FL
This content is user submitted and not an official statement

But a highly valued dollar means more product for less money and that is against the interest of Wall Street who needs a devalued dollar to justify charging more for less product. The last time the dollar rose, the Fed printed billions of dollars on the government dime to suppress the value of the dollar and it worked well, keeping us poor, the economy stagnate, and Wall Street profits through the roof which Obama uses to support the idea of a recovery. Wall Street recovery is not an economic recovery it's protection for the 1%. The value of the dollar is about to rise again, suborn currency, so the Fed is now going ahead with QE3 which is an open ended round of money printing, also 20% of which will be on the government dime through treasury purchases, which will give them unlimited power to suppress the value of your paycheck. Check this chart, bookmark the link, and watch it while the Fed continues to print money. You will see the value of the dollar remain low. This is nothing short of picking winners in our economy and the winner is the 1%. So fuck what them Dems have to say and all the "confusion" about what troubles our economy, they know damn well what troubles our economy because they are the one's doing the damage, they just think you're too stupid to figure it out. Maybe they're right.

http://www.fxstreet.com/rates-charts/usdollar-index/?version=1

41 Comments

41 Comments


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[-] 1 points by TrevorMnemonic (5827) 1 year ago

great post as usual, Mr Gates

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

Thx man

[-] 0 points by hchc (3297) from Tampa, FL 1 year ago

Invest in hard assets and yourself. The paper is worthless.

[-] 1 points by VQkag2 (16478) 1 year ago

Start hoarding food & ammo? Find a corner to crawl into? LMFAO

People are more conservative when they are afraid.

Fear is good tool used by conservatives to get people to support their anti 99% agenda.

Don't be afraid. Get into the street and fight for change that benefits the 99%

[-] 1 points by VQkag2 (16478) 1 year ago

So rising dollar value is good? Dollar devaluation creates inflation?

[-] -1 points by hchc (3297) from Tampa, FL 1 year ago

The cost of your unicycle tires is going be increasing greater than 5% per year. Better stock up.

[-] 0 points by VQkag2 (16478) 1 year ago

Starting with the childishness early huh?

Rising dollar value should slow inflationary pressure no?

So then prices should fall.

[-] 0 points by VQkag2 (16478) 1 year ago

What can we do?

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

Just post about it everywhere. This is class warfare and information is our ammunition. Sound about right to you?

[-] 0 points by VQkag2 (16478) 1 year ago

Post.? Sure. But if the economy is headed for a crash we should do more no?

Petitions, letter writing, Organize largescale protests on the street!

None of that in the works? Not interested?

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

We are headed down that road and there is no stopping it. What is left is to inform enough people so that the outrage is directed at the right people and institutions. As it is now the working class is being shit on and blamed for the shitting all in one ball of wax so the 1% can skirt blame. People need to be well informed when the next collapse comes so the proper corrective actions cannot be avoided or excused away as they did in 2007-2008-2009-2010-2011.

[-] 0 points by VQkag2 (16478) 1 year ago

Ok. And what is the corrective action? I guess no quantitative easing 1st right? That is the fed (which is really the banks), We should assume the Admin is giving fed direction, even though that's illegal?

Anything else.?

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago
[-] 0 points by VQkag2 (16478) 1 year ago

Yeah I remember that news almost 6 months ago. I think Schumer supports what the fed is doing.

What would you have the people in power do?

  • end QE3. got that.

And what else?

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

Ending QE3 is the equivalent of allowing some of the too big banks to fail, because that is what will happen. The question is, will our politicians allow some of the 1%ers to go broke. That is what is being prevented and that is the pivotal question that will provide your answer on the question of else.

The problem isn't as complicated as the media and politicians want to make it out to be. There simply isn't enough room for the type of wealth these people have and have democracy and a healthy flow of currency all at the same time. Trying to make it all work this way is what is causing the problem. The system isn't designed to be like this, thus it won't work like this. They are driving a train on water.

[-] 0 points by VQkag2 (16478) 1 year ago

Ok. So let the banks fail.

I like that. Can we take them over? I mean people have money in there.

Maybe a national not for profit peoples bank.

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

No, we cannot take them over. FDIC policy ensures the failed banks will be seized and liquidated to cover deposits and the bank's debt. The remaining assets will be confiscated by the treasury. So thats just as good as taking them over. Secondly, place the responsibility of currency back into the hands of the treasury as suggested most recently by the IMF and other international figures, leading the way for such a move by the rest of the world.

[-] 0 points by VQkag2 (16478) 1 year ago

no national non profit peoples bank?

Wouldn't that be good for the people? & keep the remaining banks on their toes?

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

It isn't essential.

[-] 0 points by VQkag2 (16478) 1 year ago

OK. That,s tough I though we were onto something.

So if I may.

The QE that the fed (With Obamas illegal involvement) has pursued reportedly devalues the dollar right?

This is bad for the 99% because it is really a stealth price increase mechanism.

Your post starts out saying that the dollar is getting stronger.

So.....

Does QE really devalue the dollar? If so why is it getting stronger.

And....

If dollar devaluation is inflationary then is stronger dollar good? And if stronger dollar good,shouldn't we welcome this occurrence?

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

You'll need to look at the index, compare it to the timeline of QE sessions. In that, you can see the correlation between the index and printing.

Dollar down, prices up. You got it. Stop the printing, allow the dollar to rise. Within one year, without another calamity, prices will be forced down by competition, as per economic design beginning at the commodities end and ending at the shelf price in about two years max. As that transpires we will pick up jobs along the way. A hike in wages in conjunction with this action could speed this along to happen all inside one year. The consumer must begin consuming at a higher rate. Cash in hand and affordable pricing is the only way to make that happen.

[-] 1 points by VQkag2 (16478) 1 year ago

So the dollar HAS gotten stronger (as your post suggests)? And we applaud that?

[-] -1 points by Nowsmichigan (-310) 1 year ago

The false notion that the Confederate Battle Flag must be a racist symbol is born of the mistaken belief that the Civil War was about slavery

[-] 0 points by TrevorMnemonic (5827) 1 year ago

you're an idiot

[-] -3 points by Nowsmichigan (-310) 1 year ago

And you are a tard. Fly the confederate flag now

[-] 0 points by VQkag2 (16478) 1 year ago

Care to explain these PMs you sent me?

D Day is on the horizon for the dems, buckle up it is going to be much rougher than the ass whoopin they got in 2010 bwaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

Nowsmichigan said 5 days ago at Nov. 5, 2012, 8:12 a.m. EST (delete)

Hey junior get ready for round two, the dems are going to suffer a severe ass whippin and it will be far worse than in 2010. Buckle up

I guess you were totally wrong. Why do you think you got the ass whoopin'? Instead of the dems.

What does it all mean?

[-] -1 points by VQkag2 (16478) 1 year ago

I disagree. Would you say you are a racist?

[-] -1 points by Nowsmichigan (-310) 1 year ago

No but I would say that you are an idiot

[-] -1 points by VQkag2 (16478) 1 year ago

bwa ha ha ha.! You should have your own show.

But you did use the racist slurs "spic, "illegals " & "nigger". & you are defending the racist confederacy.

Y'know if the hood fits you gotta wear it! LOL

[-] 0 points by Saesneg (-166) from Linwood, NJ 1 year ago

I think you're spot on; exactly what I have been predicting also.

[-] 0 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

Note that both parties are mum on the topic, including the "conservatives" who are soooooo concerned with the debt, unless the debt is created to give them and WallSt a handout, then it's ok. Obama is reigning down on WallSt, except when he pushes Bernanke to give them more tax payer backed dollars so they don't lose a dime in the down economy they created.

[-] 0 points by Saesneg (-166) from Linwood, NJ 1 year ago

I think we're kidding ourselves; I don't really believe that Obama is what many seem to think he is. And I'm not certain that Romney AND Ryan were either.

[-] -1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

I didn't vote. No reason to.

[-] -1 points by Saesneg (-166) from Linwood, NJ 1 year ago

That ain't right. Even if it only a best choice, that choice is valid, and we should not allow others to dissuade.

[-] 0 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

I will not send the message that all they have to do is offer someone worse in order to get my vote. Democracy is about having your voice heard and non-voters send a loud message that the system is illegitimate and not worth participating in.

[-] 0 points by Saesneg (-166) from Linwood, NJ 1 year ago

I have to think about this for awhile, later...

[-] 0 points by VQkag2 (16478) 1 year ago

no ones is listening to the 60 million who don't vote.

But good luck, The system is certainly in need of a major overhaul.

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

They spent millions trying to court the vote of undecided. I would say that is far more than listening. We cost them money. The base is always reliable, but both parties need those who are not part of either base in order to win an election.

[-] 0 points by VQkag2 (16478) 1 year ago

Well someone always wins without the non voters so I think they will be ok ignoring mom voters.

undecided VOTERS is a different story they are always courted to. They have some influence.

But only some

[-] 0 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

No interest in the value of your paycheck?

[-] 1 points by gsw (2697) 1 year ago

Thanks for the post. Feels like more of the same. 99 percent working for the 1 percent.