I remember when the Euro was introduced in 1999 for .76 cents US.

[bobthedrummer]

It's what now-over $1.36???
Hmmmmmmmmm...

[Goldeneye]

1. Its not that the dollar is weak

its just that the Euro is realllllly really strong.

[bobthedrummer]

2. Yep.

[Zinfandel]

5. The dollar is weak. Just look at it vs. the GBP.

[bobthedrummer]

13. My agreement with Goldeneye is that the Euro is really a strong

currency.

[cire4]

10. The dollar is pretty weak

Whenever it falls against the Euro, it falls against pretty much every other world currency.

[Up2Late]

18. No, Sorry, It's because the Dollar is weak

:eyes:If it were just a strong Euro, all the other major currencies would be hurting too, their not.

The U.K. Pound is up around $1.87 (it was at $1.95 a few weeks ago) , the Japanese Yen is at about 102.89. You can see all this at

<http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/12/13/default.stm>

Here is a brief history to get you to the 12 month chart (Note the (*inverted graph) at the bottom of the Dollar chart, they did that a few moths ago so as to not cause a panic)
<http://news.bbc.co.uk/1/hi/business/3322225.stm>

for more complete articles, click the links below.

The Euro was launched in January, 1999 at $1.17, gained a little to $1.34, then started falling like a rock on January 5, 2000
<http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/12/13/default.stm>

<http://news.bbc.co.uk/1/hi/in_depth/business/2000/review/1069277.stm>

and fell steadily to just under $0.83,
<http://news.bbc.co.uk/1/hi/business/991738.stm>

until GWBush was selected, then it started on a fairly steady rise <http://news.bbc.co.uk/1/hi/business/1492048.stm>
<http://news.bbc.co.uk/1/hi/business/2683197.stm>
<http://news.bbc.co.uk/1/hi/business/2937614.stm>

to where it is today.

[spotbird]

3. Grandma(ma) you're getting old.

Shoot I can remember way back to when Republicans supported a balanced budget amendment to the constitution.

[bobthedrummer]

6. I'm Bob, not grandma-but you're right on about the historical stuff.

:hi:
Born in 1949-I'm 55.

[mcscajun]

7. I remember when the exchange for Pound Sterling was US $3.00 (approx.)

But that's a long, long time ago.

[poe]

4. the dollar is dying

the dollar is weak and getting weaker. see: Why the Emperor has no Clothes by Andre Gunder Frank at www.atimes.com and Coup d'Etat and Paoer Tiger in Washington, Fiery Dragon in the Pacific at www.globalresearch.ca

[liberalnurse]

8. I recall a news bit around then, 1999....

Where Saddam boldly boasted that he was going to sell his oil in Euros vs U.S Dollars.....This being said when the pressure was on the US to lift the sanctions on Iraq.


To this day, I believe that is really why Saddam is where he is right now and why *bush and the Oil Cartel went to war in Iraq.


Any one else piece that together? I can't find links to that fact, just a fixed memory pause.

[bobthedrummer]

9. It's possible as anything else with BFEE.

That's another possible additional fact-it's another thing to consider as a motivator to the PNACer's imo.

[liberalnurse]

12. I did a quick search the other day on

Google regarding the issue when I was in a discussion with friends here at the house. I pulled up an article to the issue from a German paper.....I'm sure if I hunkered down, I'd come up with the scoop. maybe a Lexis search would be the fastest.

Anyways, I never forgot it and now I know why my little radar kept it in grey matter.....:think:

[poe]

14. oil and dollar hegemony

this was certainly a major reason.iran is set to join russia to begin transferring their oil revenues through a 'boursing' mechanism. this complicates things for the dollar hegemony as it means most irani and russian oil will transfer via the euro. the petrodollar is little more than a worldwide tithe to the u.s. banking system as all industrial nations must donate to uncle sam to get to the black gold.

[liberalnurse]

16. It sounds like a chess game.....

a great big chess game.......the big, big picture. I think it will be good to keep ones eye on this........

[Hippo_Tron]

11. Bush's plan to pay off the defecit is to inflate the dollar...

Till it's worthless. But hey he'll control all the oil, so who cares?

[bobthedrummer]

15. The Chinese want to buy Unocal.

They are players too.

[liberalnurse]

17. What will that bring to China?

It seems like a small piece.......My guess is the refineries.

[bobthedrummer]

20. Unocal does a lot of Asian business indeed.

So buying it would increase the Asian power of China and affect the world market.

[Up2Late]

19. Nope

:crazy:It was introduced in January 1999 at $1.17

See my post above

[bobbieinok]

21. talking about this change yesterday

[bobbieinok]

22. Nixon devalued the dollar ...I remember it as a major shock

[bobthedrummer]

23. The Euro is strong.

[bobthedrummer]

24. Kick for Saturday afternoon.

:dem::kick:

[Chicago Democrat]

25. Totally sucks for those who love Europe and European products!

Like me!


Devaluation costs me plenty everyday!

[amazona]

26. yeah doesn't it make you sick?

Why oh why didn't go I over right then and buy a big wad of euros?

Hindsight is 20/20. Sigh.

The conservation movement is a breeding ground of communists
and other subversives. We intend to clean them out,
even if it means rounding up every birdwatcher in the country.
--John Mitchell, US Attorney General 1969-72

[orpupilofnature57]

27. I remember before Nixon, oil was at a regulated rate,so your point?