How to make out like a bandit on the low US Dollar - Mercedes-Benz Forum

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post #1 of 26 (permalink) Old 11-23-2007, 10:47 AM Thread Starter
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How to make out like a bandit on the low US Dollar

The US dollar continued to slide against all major currencies this week. The Euro is the highest it has been since it was created. The Swiss Mark - where everyone parks their dough during hard times - is at historic highs. The price of Gold is excellent - another place to park money when the US goes down the shitter. The Canadian dollar? Highest against the US buck since I was born.
[..]
That got me to thinking. If the US dollar is worth shit. That means that stuff made in America is going to be dirt cheap to buy. So I immediately started thinking about all the stuff that is made in America that I would put on my Christmas list - so I can get it dirt cheap. Here’s the list:
A Chevy, a Ford or a Chrysler - but I don’t need or want one.
An I-Pod - but they don’t make those in the US.
Nike shoes - but they don’t make those in the US. A Chinese product I believe.
Levi Jeans - or any clothing product - see above.
A Harley Davidson Motorcycle - my wife would kill me
Evangelical Christian Videos - I’m sure they are well made but - no thanks
Management Consulting Services - zzzzzzzzzzzz
Porno - Does anyone actually pay for porn?
Corn - okay I could use some corn - I’m getting excited! Keep it on the cob ’till Christmas
Guns, planes, tanks, missiles etc.. - not practical for my lifestyle - no room in the garage
Treasury Bills - US debt? Is that all that America has to offer these days? C’man!
Aircraft - sorry no budget and I can’t afford the gas
Fruit and Vegetables - Okay now you’re talkin’. I can use those things. Oh, but you want to close the border so that Mexicans won’t steal those choice, high paid, benefit yielding, picking jobs from Americans? Oh dear.
Okay - so the way to take advantage of a low American dollar is to buy fruit, veg and corn. Until they close the border with that fence thingy - and put snipers at every tower.
Maybe Pet Rocks are still made in America - and I’ll bet I can get one for cheap! Maybe you’ll do me the favour and buy me that American made product for Christmas.
Then I can devote more of my international investment strategy to buying more USA fruit and veg - and Disney stuff.


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post #2 of 26 (permalink) Old 11-23-2007, 04:46 PM
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post #3 of 26 (permalink) Old 11-23-2007, 04:47 PM
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I bought four boxes of Hershey's Pot of Gold for $6,50. That's an all american bargain!
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post #4 of 26 (permalink) Old 11-23-2007, 04:52 PM
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Originally Posted by drewprof View Post
Then I can devote more of my international investment strategy to buying more USA fruit and veg - and Disney stuff.
Domestic pharmaceuticals -- that's the ticket. High risk, high return, ready market.

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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post #5 of 26 (permalink) Old 11-23-2007, 07:22 PM
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Do some research into what it means when the dollar devalues. The devalued dollar is a good thing, and it is usually a planned economic strategy. When the US dollar goes down, it makes it cheap for people to invest in America; for example, it's cheaper for Europeans to invest in America right now than it is for Europeans to invest in their own country. So what do they do? They spend here, and that, in turn, makes our economy better.

Just because (1) the media loves to scare you about the "sliding dollar" and (2) a "sliding dollar" sounds like a bad thing, it doesn't mean that it actually is a bad thing. It's actually a good thing, and the growing economy and more foreign investment will eventually make the slide reverse itself.

- Brian



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post #6 of 26 (permalink) Old 11-23-2007, 07:35 PM Thread Starter
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Originally Posted by POS View Post
Do some research into what it means when the dollar devalues. The devalued dollar is a good thing, and it is usually a planned economic strategy. When the US dollar goes down, it makes it cheap for people to invest in America; for example, it's cheaper for Europeans to invest in America right now than it is for Europeans to invest in their own country. So what do they do? They spend here, and that, in turn, makes our economy better.

Just because (1) the media loves to scare you about the "sliding dollar" and (2) a "sliding dollar" sounds like a bad thing, it doesn't mean that it actually is a bad thing. It's actually a good thing, and the growing economy and more foreign investment will eventually make the slide reverse itself.
Ok, Professor why don't you define for us "invest in America". Let me help you; will it be manufacturing? hmmm I think we outsourced that a long time ago
It will make sense that the weakness of the dollar is to our benefit if we had a manufacturing base.
Now there is a trend of Christmas shopping by Europeans in some of our major cities but don't expect that to show up in Bumfuck Boonieland.
Again, it's great for tourism but you will have to be flippin some mega burgers to make up for the days when we produced steel and built stuff rather than ate and got stuffed. Do you understand this econ 101 stuff?
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post #7 of 26 (permalink) Old 11-23-2007, 07:41 PM
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Originally Posted by POS View Post
Do some research into what it means when the dollar devalues. The devalued dollar is a good thing, and it is usually a planned economic strategy. When the US dollar goes down, it makes it cheap for people to invest in America; for example, it's cheaper for Europeans to invest in America right now than it is for Europeans to invest in their own country. So what do they do? They spend here, and that, in turn, makes our economy better.

Just because (1) the media loves to scare you about the "sliding dollar" and (2) a "sliding dollar" sounds like a bad thing, it doesn't mean that it actually is a bad thing. It's actually a good thing, and the growing economy and more foreign investment will eventually make the slide reverse itself.
Your post seems a bit contradictory. If a "devalued dollar is a good thing", then "foreign investment will eventually make the slide reverse itself" is a bad thing, as is the reversal of said slide. You actually seem to be suggesting that a strong dollar and a weak dollar are both a good thing. That being the case, the world market is essentially irrelevant.

I do know one thing, a weak dollar means more expensive parts for Mercedes, which in turn means that more Mercedes are being abandoned for salvage and/or left on the road in a state of disrepair. If you are indeed a Mercedes enthusiast, that is a bad thing, and no convoluted doublespeak will make it seem otherwise.

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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post #8 of 26 (permalink) Old 11-23-2007, 10:45 PM
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post #9 of 26 (permalink) Old 11-24-2007, 12:09 AM
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Originally Posted by drewprof View Post
The US dollar continued to slide against all major currencies this week. The Euro is the highest it has been since it was created. The Swiss Mark - where everyone parks their dough during hard times - is at historic highs. The price of Gold is excellent - another place to park money when the US goes down the shitter. The Canadian dollar? Highest against the US buck since I was born.
[..]
That got me to thinking. If the US dollar is worth shit. That means that stuff made in America is going to be dirt cheap to buy. So I immediately started thinking about all the stuff that is made in America that I would put on my Christmas list - so I can get it dirt cheap. Here’s the list:
A Chevy, a Ford or a Chrysler - but I don’t need or want one.
An I-Pod - but they don’t make those in the US.
Nike shoes - but they don’t make those in the US. A Chinese product I believe.
Levi Jeans - or any clothing product - see above.
A Harley Davidson Motorcycle - my wife would kill me
Evangelical Christian Videos - I’m sure they are well made but - no thanks
Management Consulting Services - zzzzzzzzzzzz
Porno - Does anyone actually pay for porn?
Corn - okay I could use some corn - I’m getting excited! Keep it on the cob ’till Christmas
Guns, planes, tanks, missiles etc.. - not practical for my lifestyle - no room in the garage
Treasury Bills - US debt? Is that all that America has to offer these days? C’man!
Aircraft - sorry no budget and I can’t afford the gas
Fruit and Vegetables - Okay now you’re talkin’. I can use those things. Oh, but you want to close the border so that Mexicans won’t steal those choice, high paid, benefit yielding, picking jobs from Americans? Oh dear.
Okay - so the way to take advantage of a low American dollar is to buy fruit, veg and corn. Until they close the border with that fence thingy - and put snipers at every tower.
Maybe Pet Rocks are still made in America - and I’ll bet I can get one for cheap! Maybe you’ll do me the favour and buy me that American made product for Christmas.
Then I can devote more of my international investment strategy to buying more USA fruit and veg - and Disney stuff.


Daily Kos: How to make out like a bandit on the low US Dollar






Samething happened here on a more erratic scale in 97/98 the Indonesian Rupiah went from 3000 to 1 dollar up to a max of 17000 to 1 dollar and then just fluctuated between 10000 to 16000 per dollar until settling out. Was buying IDR at 15000 to 16000 and buying back USD when the IDR would strengthen to 12 to 13000 a month later. This cycle went on for a while and also bought a couple of cars here and resold them for a 200% profit a few months later.
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post #10 of 26 (permalink) Old 11-24-2007, 10:29 AM
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Originally Posted by drewprof View Post
Ok, Professor why don't you define for us "invest in America". Let me help you; will it be manufacturing? hmmm I think we outsourced that a long time ago
It will make sense that the weakness of the dollar is to our benefit if we had a manufacturing base...Do you understand this econ 101 stuff?
Do you? There's more to our GDP than manufacturing. Just because you think we outsourced all our manfucturing doesn't mean that it's really true. From Sept 2006 to Sept 2007, US exports were up 13.6% and imports were up 4.9% (from the US Bureau of Economic Analysis) - we increased foods/feed/beverages, industrial supplies/materials, automotive vehicles/parts, and general consumer goods. Take your doom and gloom somewhere else. Not to mention, "investing in America" not only implies industrial growth/investment, but also real estate investment.


Quote:
Originally Posted by GermanStar View Post
Your post seems a bit contradictory. If a "devalued dollar is a good thing", then "foreign investment will eventually make the slide reverse itself" is a bad thing, as is the reversal of said slide. You actually seem to be suggesting that a strong dollar and a weak dollar are both a good thing. That being the case, the world market is essentially irrelevant.
I'm suggesting that a "healthy balance" is what's best economically - always has been. A neverending slide obviously isn't a good thing, just like an exceptionally strong Euro isn't good for Europe because investors eventually go away - it becomes too expensive. The market corrects itself, it always does - that's why capitalism works. Eventually, the dollar will stop its slide and regain its strength. In the process, you'll see the Euro slowing down from its pinnacle and coming back down.

During this time, however, I get to hear from those who think America is crap because we outsourced everything, our dollar sucks, and no body loves us. Well, I don't think America is in the shitter - our economy is booming, unemployment is very low, GDP is rising, and our standard of living is the highest in the world. I happen to like this country, and although a dose of criticism doesn't bother me, the loud, uninformed parrots do.

- Brian



1989 500SEL ECE
1966 Mercedes 250SE Cabriolet
1958 BMW Isetta 600

Last edited by POS; 11-24-2007 at 10:33 AM.
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