04-05-2003 02:35									#61
	Lose 30 kilos (of popups)

Kidicious, the US is an attractive place to invest because of lower corporate taxes than in many countries in Europe. In France and Germany taxation is horrendous, especially corporate taxation. And the rest of your arguments are at best silly and baseless. You have no concept of that a weak dollar would lead to more US exports, thus driving up the manufacturing sector. Also your arguments on the US Dollar losing status is even more silly. That is not possible in any way.

I suggest taking economic courses before spewing this crap. I had to take one.. university level... I scored 4 out of 5 on the Macro, and 5 out of 5 on the Micro. Some may think.. well Fezzie doesn't have any credibility or knowledge on the subject, think again.

	04-05-2003 02:36									#62
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All I know is my father in law in Moscow is really unhappy. He gets paid in dollars.

While the Euro rises against the ruble, the dollar sinks. That means less take-home pay for him thanks to being pinned to the "key currency".

	04-05-2003 02:42									#63
	Avatar Enlargement: We've got the solution

didn't dad warn you from talking about this? He's working for the CIA now, you know.

	04-05-2003 03:11									#64
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quote: Originally posted by GP Kid, you are really, really silly. Even as you examine your own comments, you must realize that you don't actually know how these things work. You certainly can't give insightful comments.

You tell me how things work then. Start with the trade deficit.

	04-05-2003 03:18									#65
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Perhaps I wasn't clear enough. Maybe some one else can explain internation trade to GP and Fez.

	04-05-2003 03:21									#66
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Kidicious, don't talk to me about international trade. I had to do reports up to my arm pits on that. Those two words make me cringe. I know all there is to know. You obviously have been mistaken. You do not know what a weak currency is and its after effects. A weaker currency increases exports thus providing a boost to the manufacturing sector.

	04-05-2003 03:25									#67
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quote: Originally posted by Kidicious Perhaps I wasn't clear enough. Maybe some one else can explain internation trade to GP and Fez.

You certainly haven't backed up your theory of how exchange rates or the US economy would crater based on less use of the dollar as a medium of exchange outside the US.

P.s. You and Fez are about matched. I know at least enough to know what I don't know. You and Fez are ignorant enough not to know that.

Oh, and by the way, whats your econ background?

	04-05-2003 03:27									#68
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Ouch, GP take it easy on me... I wasn't attacking you. I am sure you got a better econ background than I do.

	04-05-2003 03:36									#69
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quote: Originally posted by GP You certainly haven't backed up your theory of how exchange rates or the US economy would crater based on less use of the dollar as a medium of exchange outside the US.

I answered all the quesions that you asked. If you have more questions go ahead and ask. I don't know everything about it, but I haven't made up anything. You don't have to agree with me about how bad it would be for the world economy, but you should understand that there would be negative consequences.

quote: Originally posted by GP Oh, and by the way, whats your econ background?

And yes I do have a BA in Econ, so that is a little more than Fex

	04-05-2003 03:36									#70
	Enter the AD-FREE zone

How did somebody as arrogant as you kidicious, get a BA in econ?

	04-05-2003 03:38									#71
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Read Paper Money by Adam Smith (George J. W. Goodman) if you want to learn more about it or understand what I've been talking about.

	04-05-2003 03:41									#72
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What exactly have you been saying, kidicious? All of what I been saying is standard with currency strength/weakness. It is a fact that a weaker currency will induce further growth in the industrial sectors. To deny this is pure ignorance. That is all I have been saying.

	04-05-2003 03:42									#73
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quote: Originally posted by Fez How did somebody as arrogant as you kidicious, get a BA in econ?

Don't call the keddle black

	04-05-2003 03:46									#74
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quote: Originally posted by Fez What exactly have you been saying, kidicious? All of what I been saying is standard with currency strength/weakness. It is a fact that a weaker currency will induce further growth in the industrial sectors. To deny this is pure ignorance. That is all I have been saying.

That's true, but it also reduces the foreign investment that come into your country. The US gets more foreign invesment because foreign investment is the natural place for the dollars that leave the US.

Foreign investment=Trade Deficit-Currency held outside the country

	04-05-2003 03:48									#75
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Didn't take long for the euro to beat the dollar BTW.

	04-05-2003 03:51									#76
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All intriguing as to what will happen to the UK manufacturing now.

	04-05-2003 03:56									#77
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quote: Originally posted by Kidicious That's true, but it also reduces the foreign investment that come into your country. The US gets more foreign invesment because foreign investment is the natural place for the dollars that leave the US. Foreign investment=Trade Deficit-Currency held outside the country

Not necessarily. If the dollar is weak, there will actually be more FDI in the country. Things are cheaper in the US, therefore more companies would do business there. Same thing happening in Argentina with improved growth.

Paiktis, get a frigging clue. This isn't something you should celebrate. A stronger Euro is damaging to the Euro-zone economy.

	04-05-2003 03:58									#78
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I am pointing out that it didn' take long for the euro to kick the dollar's ass that's all.

	04-05-2003 03:59									#79
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You arrogant little person, paiktis. The euro isn't kicking the dollar's ass. You can't even make the ****ing connection that is highly damaging to EUROPE! This will just kill exports in many countries already with weak economies, take France and Germany for example.

	04-05-2003 04:06									#80
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A strong currency will cause Euro firms to be more productive to keep up with foreign competitors. It may cause problems, but it may also increase efficiencies.

	04-05-2003 04:08									#81
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Big Crunch, you are not looking at both sides. That so may happen, but it will damage EU exports to the US. That will hurt.

	04-05-2003 04:10									#82
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What percentage of EU trade is with the US?

	04-05-2003 04:34									#83
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quote: Originally posted by Fez Not necessarily. If the dollar is weak, there will actually be more FDI in the country. Things are cheaper in the US, therefore more companies would do business there. Same thing happening in Argentina with improved growth.

It's impossible for the US to become a net exporter, bring in net foreign investment and maintain its status as banker to the world at the same time, because the number of dollars held outside the US would have to shrink. The US trade deficit is a result of the organization of the world economy.

	04-05-2003 04:38									#84
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quote: Originally posted by Fez You arrogant little person, paiktis. The euro isn't kicking the dollar's ass. You can't even make the ****ing connection that is highly damaging to EUROPE! This will just kill exports in many countries already with weak economies, take France and Germany for example.

Fez,

In order for the Euro to become the key currency the EU would have to transform itself into an economy which attracts foreign investment instead of making foreign investment. It would have to become a net importer so that the other nations could use the Euro as key currency.

	04-05-2003 04:39									#85
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It doesn't get more arrogant than this.

I had enough of this. I am going out with my BF... later.

	04-05-2003 05:20									#86
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quote: I think this Kidicious character is Roland trying to wind everyone up.

No, he's DuncanK's new screenname. That might explain things .

	04-05-2003 05:40									#87
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You're gay?

	04-05-2003 05:42									#88
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LoA: Yeah, he said he was bi.

	04-05-2003 05:43									#89
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quote: Originally posted by Lawrence of Arabia You're gay?

Sheesh... some people never read threads...

Yeah I am..

Well... we are ordering food out again.. I was intending to go with him, and my parents but they had a diplomatic reception of some sort.

Anyways back to the topic.

	04-05-2003 05:47									#90
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Well, baby, I'm tri.