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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (125415)	10/28/2012 3:12:55 PM
From: tejek	Read Replies (1) \| Respond to of 149317

If the dollar goes down, everything we import goes up in dollar prices. Add to that that China's labour input and environmental costs are moving up sharply. The dollar has been range bound for 10 years...........and its up from its low in 2008: barchart.com When do you expect the dollar to hit a new low? As for China's unit costs going up, that's China's problem. If those costs go up dramatically, there are new producer nations ready to take her place. <and I still don't see your correlation between Bernanke's policies and the impact oil and food have on inflation.> Bernanke has promised to keep i rates at zero. He has to keep using money to purchase assets to make that happen. More money in circulation = higher prices. And yet that has not happened during the past 4 years. Why? So a web search for a good "Austrian Economics" web site... or simply something like "Will Rates Soar with Bernake's policies?" The US dollar is the worlds researve currency... as the foreign bag holders try to move out if it they buy assets and flood the world with dollars. Not pretty. Notice the chart on Gold for verification. Why would they move out of the dollar, one of the most stable currencies in one of the most stable nations in the world? In fact, more and more Euro money has moved to the dollar during the past two years. These are typically the threats promulgated by the right to scare the population. They rarely come to fruition.