[HUG ] Re: The falling dollar/ photos vs digipics

Thanks Q.G.

Congratulations with a clean looking ERC!

Richard
  ----- Original Message ----- 
  From: Q.G. de Bakker 
  To: hasselblad@xxxxxxxxxxxxx 
  Sent: Wednesday, May 07, 2008 12:42 AM
  Subject: [HUG ] Re: The falling dollar/ photos vs digipics


  It will die a slow, but certain death. Be patient.
  No use in arguing about not arguing about... 
  ;-)

    ----- Original Message ----- 
    From: flexbody 
    To: hasselblad@xxxxxxxxxxxxx 
    Sent: Wednesday, May 07, 2008 12:22 AM
    Subject: [HUG ] Re: The falling dollar/ photos vs digipics


    Bernard,

    Is it possible that you respect Jims wishes and stop this non photographic 
topic?

    It has been asked several times before.
    Please check this thread and do not post these posts for the second time.

    Richard 
      ----- Original Message ----- 
      From: Bernard Ferster 
      To: hasselblad@xxxxxxxxxxxxx 
      Sent: Tuesday, May 06, 2008 11:54 PM
      Subject: [HUG ] Re: The falling dollar/ photos vs digipics


      At 01:36 AM 5/6/2008, you wrote:

        At 02:21 AM 5/6/2008, JAMES WILLIAMS wrote:

          The sagging of the US dollar is more political than economical, the 
US government likes our dollar worth less because then other countries will buy 
our goods. They are more concerned with making companies more money( you know 
the trickle down effect, lol). Hope I did not push anyones buttons, but 
sometime the truth hurts lol. But the real question is what is the truth? lol


        That is hardly "truth":  it is wild lunacy.  The US government does not 
control the value of the dollar in international trade;  that is set by the 
free market.

      Not entirely so. The Administration has let the market to do it's worst, 
but there was much it could have done to bolster the value of the dollar. Like 
better control of interest rates, paying for the expenses of Mr. Bush's war by 
increasing taxes instead of resorting to borrowing, slowing down import of oil, 
and other devices best explained by an economist.


        The dollar has recently fallen for a number of reasons.  One primary 
cause is the insistence of the oil market to continue to peg the price of crude 
oil in US dollars:  as the Chinese demand for oil has gone up, this has 
pressured the dollar to decline in value relative to the Chinese Yuan and, 
then, to the British Pound and to the Euro.  There are other causes, but they 
are of a like nature.  The feeding frenzy of our government (Republican and 
Democrat Parties alike) has not helped, nor have the costs of the Wars in 
South-East Asia.

      You have the basic idea. But each of the items you mentioned, with the 
exception, perhaps, of Chinese behavior, is subject to influence by 
Administration practices. (Oh yes, the Bushies among us will share the blame 
with the Congress, forgetting that the veto power is in the White House. A 
fuller explanation is available, off line, to Subjects of the Queen, and folk 
from Parliamentary nations.)


        In the short run, the cheap dollar will benefit the US.  Our goods will 
cost less overseas and we will have to pay more for imports.  That will help to 
adjust the balance of trade problem we have had since the days of Lyndon 
Johnson.  In the long run, the dollar will rebound.

      John Maynard Keynes said, with irrefutable accuracy, that "In the long 
run we are all dead." In the short run, foreigners touring the US are finding 
great bargains.

      Those of our members who point out that the world has far more pressing 
problems that the success of H are quite correct and to be honored for their 
humanity. Alas, we can not even keep a small camera company alive - how ever do 
we control genocide, aggressive war and greedy gas gobbling SUV owners.


      ...........................B.F..........................

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