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Debate House Prices
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Bradford and Bingley
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One day the US Federal Reserve will realise that cutting interest rates is not only weakening the dollar but also the petro dollar. If OPEC sells its oil and increasingly it is devalued when exchanging for other currencies then they are going to make less money. Solution put oil prices up in Dollars or sell in Euro's.
Yep - people don't seem to get that the reason the oil price is shooting up is because of the massive inflation of the dollar.
It's classic inflation - too many dollars sloshing around relative to the goods and services available ... an in-demand resource gets bid-up and sees nice returns ... people holding lots of cash look for a good place to invest it and see this rising resource ... they plough money in causing a bubble ... and so on.
If people want to know when the prices are going to fall it's when the US stops its inflationary monetary policies. Did Bernanke really think that he could slash interest rates and give out dollars like confetti to Wall Street and nothing would happen as a result? This is the result.
Unfortunately, because the dollar is the petro-currency the entire World gets to feel the inflationary effects, not just the US.
Sooner or later we're going to see the Dollar dumped as the petro currency and severely diminished as a reserve currency. When that happens, it's Game Over for the USA.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
kennyboy66 wrote: »Your conspiracy theory about BAE is undermined slightly by the fact that that the biggest arms producer & exporter in the World is the USA - and their biggest customer is Saudi Arabia.
That's the point. You want your potential enemy to have weapons that you sold them.
That way you know exactly how many they have and what their capabilities are. Chances are you also made sure that what you sold them has a backdoor that you can subvert in the case of anything electronic.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
as the old joke went
how did the US know that iraq had weapons of mass destruction ?
they kept the receipt for payment.It's a health benefit ...0
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