[Hamp]

"One of the challenges that we've got to address internationally is currency rates and how they match up to make sure that our ... goods are not artificially inflated in price and their goods are artificially deflated in price," Obama told senators from his Democratic party.

This guy is pissing me off to no end. He prints money like it is going to keep it’s value then wants to address the falling value of the dollar. LISTEN UP YOU IDIOT!! You are the problem Mr. Obama. We can address this issue when you get your ass out of the presidency and take your worthless democrats & republicans in congress with you.

[Bookie61]

That Harvard education is serving him well these days.

*note to self: can more beans*

[Hamp]

We just bought a huge Sam's Club sized bag of Pinto Beans!

[Bookie61]

Would suggest a little variety for your storage shelves, unless the wife is planning on sleeping in another room!

I'll be starting my veggie and flower seeds over the next two weeks. It's gardening time!

[Hamp]

I have to wait till the end of April!

[Bookie61]

I start indoors.... last frost is about April 15.... several things that are claimed to be direct sow only can actually be started indoors, just have to be care when transplanting about disturbing the roots. That's where peat cups come handy.

I also have cold frames I use to protect them if a cold snap should hit late.

[Mustanger]

Our worthless dollar? Looks pretty good to me. You have to remember that while the printing presses here have been running wild the same thing is happening elsewhere and when things get tough the dollar is still seen as a safe and solid currency to most of the world.

(my highlights)

Dollar Strengthens Versus Yen After Unemployment Rate Declines

Feb. 5 (Bloomberg) -- The dollar gained against the yen after a government report showed the U.S. unexpectedly lost jobs last month while the unemployment rate declined.

“Even though this isn’t good for the U.S., there’s a retrenchment that favors the dollar,” said David Tien, a money manager in New York at Fischer Francis Trees & Watts, which manages $19 billion in assets. “A lot of assets have been reallocated to riskier currencies, and a portion of that will need to unwound.”

The euro traded near an eight-month low against the dollar amid concern widening budget deficits in Greece and other European nations will stifle the region’s economic recovery. The Swiss franc fell from its highest level in 15 months against the euro amid speculation the nation’s central bank sold the currency to curb its strength.

The dollar rose 0.3 percent to 89.35 yen at 9:10 a.m. in New York, from 89.05 yesterday. The euro fell as much as 0.6 percent to $1.3648, the weakest level since May 20, and was at $1.3691 from $1.3723 yesterday. The yen was at 122.28 per euro, from 122.20 yesterday, when it jumped 3.4 percent, the biggest gain since October 2008.

Full Story

[Bookie61]

Inflation has erodded the dollar already, and it hasn't even fully hit yet.

No matter the currency. If the yen topples, will our debt to China be forgiven? I don't think so. Our dollar will continue to devalue, but if it is worth more then the Yen, they will call the loans due.

We are so far into it at this point that we're screwed if the dollar is worth more than then yen, and if the yen is worth more then the dollar, we will be owned by China.

I guess it's time to learn a new language?

[Mustanger]

The yen is Japan's currency. China has pegged their currency to the dollar for years which is both good and bad depending on your perspective.

[Bookie61]

My error. The yuan.

[johnph77]

The 1952 dollar was worth about eight times the value of the 2010 dollar.

But economic theory propounds that some inflation is essential for economic growth. I'll have to look into my library to find the source for this, though - it's been a long time since I've read up on the subject.