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Old July 14th, 2008, 03:12 PM   #1
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Default When will it end?

The weakening dollar is really fucking shit up.

There are so many U.S. companies now being bought out, and I just read an article last week that Pennsylvania sold one of its toll roads to Italy for 12.9 billion dollars. How can American land get sold like that?

I really don't have facts to support my thoughts, just what I've seem to be seeing lately. I can barely argue for buying domestic cars anymore, when only 50% of beverages purchased might be U.S. companies.

Shouldn't the government be stepping in and doing something? All U.S. assets seem to be for sale and no one seems to be doing anything about it.

Anyone else have these sentiments?
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Old July 14th, 2008, 03:19 PM   #2
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Oh. c'mon, just blame the Unions and the Democrats and enjoy your tax cuts........you are wealthy and got your cut, didn't you?
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Old July 14th, 2008, 03:21 PM   #3
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This is now a global economy. Economists (i am not one) would say that this competition and globalization will yield cheaper prices on products for all and a better variety of things for people to choose from, thereby increasing everyones standard of living. I personally dont have a problem with other countries buying our stuff, America has been buying equity in other countries for decades. Eventually, if enough different countries have interests in other countries, we will avert needless wars (Iraq) because everyone will have too much to lose in the ensuing battle.
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Old July 14th, 2008, 03:30 PM   #4
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Originally Posted by GreaseMonkey View Post
The weakening dollar is really fucking shit up.

There are so many U.S. companies now being bought out, and I just read an article last week that Pennsylvania sold one of its toll roads to Italy for 12.9 billion dollars. How can American land get sold like that?

I really don't have facts to support my thoughts, just what I've seem to be seeing lately. I can barely argue for buying domestic cars anymore, when only 50% of beverages purchased might be U.S. companies.

Shouldn't the government be stepping in and doing something? All U.S. assets seem to be for sale and no one seems to be doing anything about it.

Anyone else have these sentiments?


Oh, and it looks to be a 75 year lease for I-80, not a sale.

The government, state and federal, were standing right there supporting the deal.
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Old July 14th, 2008, 03:35 PM   #5
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It's OK, the government supports importing Canadian garbage too.

I don't.
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Old July 14th, 2008, 04:41 PM   #6
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Shouldn't the government be stepping in and doing something? All U.S. assets seem to be for sale and no one seems to be doing anything about it.
This makes me laugh, because I thought you were a republican.
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Old July 14th, 2008, 04:51 PM   #7
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This makes me laugh, because I thought you were a republican.
I don't label myself under any of the party systems.

As soon as there is a common sense and logic party, sign me up.
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Old July 14th, 2008, 04:51 PM   #8
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Oh, and it looks to be a 75 year lease for I-80, not a sale.

The government, state and federal, were standing right there supporting the deal.
Wow...even still. It may be a great financial benefit but what about the principle of leasing U.S. land to a foreign company?
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Old July 14th, 2008, 06:23 PM   #9
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I don't label myself under any of the party systems.

As soon as there is a common sense and logic party, sign me up.
I just assumed you were a part of the "not wanting the government to fiddle with economic policy, etc." crowd. so you want "big government" to regulate?
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Old July 14th, 2008, 06:35 PM   #10
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I just assumed you were a part of the "not wanting the government to fiddle with economic policy, etc." crowd. so you want "big government" to regulate?

Nope thats the last thing that I want, What I want is americans themself to start taking pride in the country they live in and stop standing for the very shit thats fucking the country/economy. Unfortunately our government lets us be lazy fucks who don't get off our ass and stop our country from flushing itself down the shitter.....but hey, thats what droves of people have wanted for years, now they have it.
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Old July 14th, 2008, 06:51 PM   #11
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Nope thats the last thing that I want, What I want is americans themself to start taking pride in the country they live in and stop standing for the very shit thats fucking the country/economy. Unfortunately our government lets us be lazy fucks who don't get off our ass and stop our country from flushing itself down the shitter.....but hey, thats what droves of people have wanted for years, now they have it.
x2.

I think the government needs to step in to try and keep the USD from equaling a bag of dog poo, not regulate business. If any regulations were to be put in, it would be heavier taxes on transplants from foreign countries.
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Old July 14th, 2008, 06:56 PM   #12
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Originally Posted by UP_ROKTOY View Post
Nope thats the last thing that I want, What I want is americans themself to start taking pride in the country they live in and stop standing for the very shit thats fucking the country/economy. Unfortunately our government lets us be lazy fucks who don't get off our ass and stop our country from flushing itself down the shitter.....but hey, thats what droves of people have wanted for years, now they have it.
x3
yup. just do what i am doing. stock up on spam, ammo, and dig yourself a nice hole to jump in when the shit hits the fan.
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Old July 14th, 2008, 07:03 PM   #13
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I think our government and investors should quit chasing after the short term quick profits they can get by selling all of our assets to foreign investors and see the long term profits that can be had by holding and reinvesting into those assets.
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Old July 14th, 2008, 07:17 PM   #14
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Originally Posted by GreaseMonkey View Post
The weakening dollar is really fucking shit up.

There are so many U.S. companies now being bought out, and I just read an article last week that Pennsylvania sold one of its toll roads to Italy for 12.9 billion dollars. How can American land get sold like that?

I really don't have facts to support my thoughts, just what I've seem to be seeing lately. I can barely argue for buying domestic cars anymore, when only 50% of beverages purchased might be U.S. companies.

Shouldn't the government be stepping in and doing something? All U.S. assets seem to be for sale and no one seems to be doing anything about it.

Anyone else have these sentiments?






Yes it sucks !!!

and to see Anheuser-Busch selling out makes me
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Old July 14th, 2008, 07:28 PM   #15
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In a few years, the dollar will rebound and those companies will be bought back by US companies when the foreign companies can no longer afford to keep them due to the currency exchange risk. If AB did this right, they would take foreign currency for payment. Then it would be a hedge against the falling dollar. As the dollar depreciates, their foreign currency value escalates. Eventually, when the dollar bottoms out, they can buy it back for a lot less than they sold it for, pocket the margin on the currency spread, and be miles ahead. We shall see how the AB stakeholders play this out. This is much like I tried to convince myself to do a year or so ago. I should have converted my retirement accounts to foreign currencies that were/are gaining against the dollar. I would have made a fortune in a year as the dollar has tanked. That took more hangy down things than I have to swing that type of trade though.
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Old July 14th, 2008, 07:30 PM   #16
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While I am a conservative, I do feel there is a role for government in the protection of our economy in the interests of our national sovereignty.

We need to implement "tit for tat" trade policies. For instance didja know:

U.S. autos can't be imported into Japan or Korea? (and ridiculous inspection, retrofitting, duties, taxes, etc... that raise the price out of reason constitute "can't").

U.S. citizens or firms cannot own real estate in Japan, Korea, China, as well as many other countries.

We need to control the amount of direct foreign investment in the U.S. - leasing a turnpike is one thing, but the sale of large industries (Anheuser-Busch, Westinghouse, Rouge Steel, etc...) are another.
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Old July 14th, 2008, 07:38 PM   #17
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Originally Posted by 84Scrambler View Post
I should have converted my retirement accounts to foreign currencies that were/are gaining against the dollar. I would have made a fortune in a year as the dollar has tanked. That took more hangy down things than I have to swing that type of trade though.

you should have done it. I gambled on the advice of my financial guy years ago and it definitely paid off.
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Old July 14th, 2008, 07:39 PM   #18
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Originally Posted by DuffMan View Post
We need to control the amount of direct foreign investment in the U.S. - leasing a turnpike is one thing, but the sale of large industries (Anheuser-Busch, Westinghouse, Rouge Steel, etc...) are another.
'tis the American way however. make as much money as possible in the shortest amount of time. Screw everyone else.
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Old July 14th, 2008, 08:01 PM   #19
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Quote:
Originally Posted by 84Scrambler View Post
In a few years, the dollar will rebound and those companies will be bought back by US companies when the foreign companies can no longer afford to keep them due to the currency exchange risk. If AB did this right, they would take foreign currency for payment. Then it would be a hedge against the falling dollar. As the dollar depreciates, their foreign currency value escalates. Eventually, when the dollar bottoms out, they can buy it back for a lot less than they sold it for, pocket the margin on the currency spread, and be miles ahead. We shall see how the AB stakeholders play this out. This is much like I tried to convince myself to do a year or so ago. I should have converted my retirement accounts to foreign currencies that were/are gaining against the dollar. I would have made a fortune in a year as the dollar has tanked. That took more hangy down things than I have to swing that type of trade though.
I have been saying this for a while. All will come back around in about 60 years, or 3 generations. All of our business, manufacturing, tech, etc. will come back then. Yep, in 60 years we will be the cheap third world country that everyone want to move their business too. We will be the ones that will work for dirst scratch wages because we have nothing better.



Quote:
Originally Posted by DuffMan View Post
While I am a conservative, I do feel there is a role for government in the protection of our economy in the interests of our national sovereignty.

We need to implement "tit for tat" trade policies. For instance didja know:

U.S. autos can't be imported into Japan or Korea? (and ridiculous inspection, retrofitting, duties, taxes, etc... that raise the price out of reason constitute "can't").

U.S. citizens or firms cannot own real estate in Japan, Korea, China, as well as many other countries.

We need to control the amount of direct foreign investment in the U.S. - leasing a turnpike is one thing, but the sale of large industries (Anheuser-Busch, Westinghouse, Rouge Steel, etc...) are another.
Welcome to what those damn liberal union people have been saying for 20 years.

Fair trade would rule. Free trade sucks the big one. And Duffy, we know who first talked about NAFTA and other "free" trade deals, don't we?
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Old July 14th, 2008, 09:49 PM   #20
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We need to implement "tit for tat" trade policies.
Whoa.... easy there Duffman...your going to confuse all the young conservatives.

They believe that FREE trade and FAIR trade are the same thing.
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