Does Colombia (et al) unfairly conspire against the US dollar?

gimmedub says on Jun 14, 2008, 09:22:

lol - i agree 100% - the colombian economy is inflated right now - the rich are getting richer and the middle class is paying for it!

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morphus says on Jun 14, 2008, 09:46:

Don't know about the COP but the Euro was definately a conspiracy. At least Colombia is on their own. 15 countries in Europe had to get together and come up with a stable currency.

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someguy says on Jun 14, 2008, 09:46:

The US has been acting like a big pussy when it comes to the dollar. It's time they quit being an economic lapdog for the rest of the world and stood up for themselves.

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morphus says on Jun 14, 2008, 09:54:

A lot of exporters in the US are happy. Online businesses in the US are increasing sales to other countries. American products are still considered high quality throughout the world. Unlike in Colombia, if the peso gets too strong, importers from other countries will run to Asia before they buy from Colombia. "Made in Colombia" is'nt up to par with "Made in France" or "Made in Italy".

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adrimm says on Jun 14, 2008, 10:27:

edit: Nevermind.. not worth it.

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sanandressi says on Jun 14, 2008, 12:44:

America is being given away by Democrats and sold by Republicans and invaded by Mexicans....it is what it is....

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Joel y Luza says on Jun 14, 2008, 12:59:

somewhere we forgot we were a country and we have been treating our soveriegn nation like a giant world market, thanks to the Bush dynasty..

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miamimike says on Jun 14, 2008, 13:23:

Joel--thank god for term limits, our long national nightmare is almost over. Hopefully he won't start a 3rd war and bomb Iran,,,

"Wait a minute. What did you just say? You're predicting $4-a-gallon gas? That's interesting. I hadn't heard that." -- Feb. 28, 2008 --George W. Bush, Washington, D.C.

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Joel y Luza says on Jun 14, 2008, 13:42:

yes Mike! this last eight years has been hell! I wish he would just stay on the golf course, and Cheney would get lost in Wyoming, and let the bureaucrats bumble along for the 8 months... At least that way things can't get worse!

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untreated says on Jun 14, 2008, 16:44:

Recommendation: don't criticize the Preznint in public forums with your name and photo.

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Joel y Luza says on Jun 14, 2008, 17:04:

Say what? untreated- George Bush has been a joke of a president, since day one! and I say that as guaranteed by my first admendment rights! The man is going to go down as THE LEAST effective president in US history. Whats sad, is I voted for the guy in the first election and originally supported the Iraq invasion with his empty lies....The minute there was no WMD found, and he did his little aircraft carrier landing citing mission accomplished, while troops were still dying, my confidence in him, as a president, went down the ol' crapper..

I really doubt, after his last day in office, many people will come calling looking for his insight or political shirt tails. I think, him and Dick Cheney are going to be very lonely men; and as far as politics, they both will be radioactive.

Just my expressed thoughts, with the remanents of the constitution in my hands.

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adrimm says on Jun 14, 2008, 17:28:

Ok, I have been holding my tongue on this, but really I am astounded and amused by the sentiments in this thread. It really seems that everything "economics" to many of you only as long as you feel that the US economy is on top, but the second that you feel it no longer may be, then it is not economics but "conspiracy".

For decades investment has supported the US, allowing US firms to buy up firms all over etc.. now that capital and investment, which is as it should be in a free-market, free to move to wherever the market wills, is moving elsewhere. I'd really think that folks could deal with it graciously... besides this could well be the injection of energy the US domestic manufacturing industry sorely needs... and considering the US economy was built on the backs of manufacturing that can only be a good thing.

The world is changing.. even if leadership in the US had been different in the last 8 years, that is but *one* piece of puzzle.

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adrimm says on Jun 14, 2008, 17:50:

wannabe, maybe you need to learn more about the history of other currencies against the US dollar. The last 10, 15, 20 years are just a snippet in time.

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wannabe says on Jun 14, 2008, 18:45:

It's not a matter of wanting to be on top. It's a matter of questioning across-the-board fairness & wanting an understanding of whether or not there is artificial manipulation of currency rates. For example, I do know that when the Euro started out 10 years or so ago, that it was on par with the dollar. Yet now it is 1.5:1.0. What could possibly justify that difference given basically equal world circumstances? Another example I know of is the Thai boosting the Bhat against the dollar to artificially stimulate it in a dramatic way. Seems like that kind toying would eventually result in serious economic consequences.

Your point about a really strong Colombian peso was helpful, morphus.

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wondering says on Jun 14, 2008, 21:55:

Yes, it's true. There was a conspiracy against the US dollar. The sad thing is, the conspirators are our own government. It was driven by a desire to make American exports more competitive world wide, and aggravated by our cheap money policy (low interest rates). We're seeing the effects in the form of higher energy prices, higher food prices and of course in higher costs of imported goods and a wretched exchange rate. It may improve now that the Fed is worried about inflation.

Just keep in mind that NO ONE can artificially manpulate currencies without severe economic distortion. We're seeing that now, and it's our own fault.

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