U.S. Dollar saves the day again for Europe and entire world.!

Discussion in 'Economy' started by 52ndStreet, May 10, 2010.

  1. 52ndStreet
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    52ndStreet VIP Member

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    I read today that the United States Federal Reserve bank has deceided to reopen its
    currency swap line of credit to central banks in Europe and a few other foreign countries.

    Want I fail to understand is, before the this Greek crisis, every one in Europe was trashing
    the U.S. dollar, and here we see today it is this same U.S. Dollar that saves these Europeans economy from collasping.!?

    We see the European, and American stock markets making huge rebounds after this U.S.
    Dollar swap line reopening announcement.

    The American Federal reserve bank must charge a high rate of interest for the use of these American dollars. Europeans must get their economic house in order.
    The Global Economic Time bomb is still ticking.!!
    The United States of America, and the good old American Greenback, may not be able to continually be available to save the day.
    The Greeks must pay their taxes, along with many other European nations.
    The Euro has been proven now to be an overvalued worthless currency.
    The real power currency is still the American Dollar.!!
     
  2. Baruch Menachem
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    Baruch Menachem '

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    Nah, this is just a dead cat bounce
     
  3. Oddball
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    Oddball BANNED Supporting Member

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    More money gets printed up >> No more real value created >> Market numbers go up in terms of money that buys less

    Whoop-de-doo.
     
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  4. blu
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    blu Senior Member

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    at first seeing a 52nd thread I was like :doubt: and after reading I was like :lol:
     
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  5. william the wie
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    william the wie Gold Member

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    Equities and the Euro are dropping in the Tokyo market.
     
  6. 52ndStreet
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    52ndStreet VIP Member

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    Can someone explain to me how the Euro can rise against the U.S. Dollar, after dollars have been infused into the Euro currency system?.
     
  7. Colin
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    Colin Gold Member

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    Yes, but it would be beyond your comprehension.
     

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