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oil at 90 dollars,what plans does AA have 100 and above?

Others have more training in this type of thing, but, a falling dollar boosts American Exports which drives jobs while reducing our imbalance of payments for goods and services purchased abroad: it becomes relatively cheaper for foreign airlines to outsource their maintenance to American Airlines and our overhaul bases.

It also drives purchases by US based companies of US products versus buying same from foreign firms also driving increases in US wages and production by US firms. For several years, the US has complained that artificial devaluation of Chinese imports has hurt American producers of the same type.

The exposure to the subprime market, and the housing woes, of US based financial firms led to an explosive dumping of liquidity into the financial system by the Federal Reserve: more dollars, less value.

The question is why Washington has allowed this explosion in the money supply on behalf of the US financial industry when the response was raising the typical interest rates for mortgages that infusion was designed to calm. I guess Congress and the Fed wanted to save US Financial firms while stiffing the US Citizens. Given the rise in the money supply versus the increase in mortgage interest, I can only assume that the Fed saw a balancing between the bite homeowners could afford versus devaluation that would drive foreigners from investing in dollar valuated investments.

You have a good understanding of economic theory, probably more than I do. My question to you is: just what is it that we export? Shoes? Electronics? Computers? Appliances? Automobiles? Even the Taliban prefers Toyota!
The truth is that we have no industry to speak of to export that would justify the dollar devaluation. Its a fire sale (more like a mob bust out) of the United States and a plundering of the wealth of the American people. The only ones benefiting are the ruling elite and their lackey politicians. :down:
 
You have a good understanding of economic theory, probably more than I do. My question to you is: just what is it that we export? Shoes? Electronics? Computers? Appliances? Automobiles? Even the Taliban prefers Toyota!
The truth is that we have no industry to speak of to export that would justify the dollar devaluation. Its a fire sale (more like a mob bust out) of the United States and a plundering of the wealth of the American people. The only ones benefiting are the ruling elite and their lackey politicians. :down:

Keyword is ‘allowed’. Allowed would assume that it is an after thought that was over looked. If you believe that then whatever I hypothesize is not to be considered.

We ‘The Merican Pepple’ are lemmings. The government (power brokers) know this quite well and we prove it to them often to solidify their belief. We continue to allow ourselves to be used and our representatives are self serving. We know this and yet we debate the nuances of political parties and allow ourselves to be divided while all parties give us the royal schlong.
 
Like me, probably most of my fellow AA posters can remember when we use to;
Scoff at the Canadian dollar !.........................WE DON'T ANYMORE !!

When we use to Scoff at the Canadian health care(for it's citizens, compared to our own);
WE DON'T ANYMORE !!

The VILE INFESTATION at "1600" aka El Chimpo/(dirty) DICK Cheney/and (most of) the GOP, is VERY satisfied that there are only 2 ($$$) classes of folks here in the USA !

If you happen to be in the upper class, well this opinion won't phase you in the least.

If you happen to be in the LOWER class by design(welfare, refuse to work etc, etc.) then this opinion won't phase you in the least.

...BUT.....

If you have been "thrust" in the lower class, through NO fault of your own(Except for an UNWISE choice at the voting booth in 2000-2004), than there is hope on the horizon, with a chance to return to MIDDLE CLASS status.
The HOPE will present itself to you, on the first tuesday in NOV/08 !

Don't miss the "all aboard"....because this train ONLY runs once, every 4 years !
 
You have a very valid point. Its the same reason the price everything is going up, except our wages of course. In the past the dollar would be devalued to increase exports. Now we have nothing to export, well... maybe Big Macs.
The plunging dollar is the same reason the stock market is as high as it is, otherwise it would be around 7000- 8000.
Truth be known there is plenty of oil to go around. Its more profitable to create a scarcity by blaming environmentalists for not having more refineries or not being able to drill in ANWAR. Speaking of Alaska, the bulk of that oil goes to Japan and China. The whole "peak oil" theory (Peak Oil) which was conjured up by Royal Dutch Shell is a scam to steal our wealth and control us. :down:

You couldn't be more wrong on Peak Oil..., Check out the GAO report. We are in trouble..., lots of other information also.....http://www.oilcrisis.com/ , it pays to be informed...
 
You couldn't be more wrong on Peak Oil..., Check out the GAO report. We are in trouble..., lots of other information also.....http://www.oilcrisis.com/ , it pays to be informed...

Peak Oil Myth
More Peak Oil myth
Mysterious reapearing oil!
These are just a few articles about peak oil. I put little faith in what comes out of the government accounting office. After all, the government and big business work hand in hand to fleece the American people.
Benito Mussolini wrote the following: "Fascism should more properly be called corporatism because it is the merger of state and corporate power."
Does it pay to be informed, or misinformed?
 
Keyword is ‘allowed’. Allowed would assume that it is an after thought that was over looked. If you believe that then whatever I hypothesize is not to be considered.

We ‘The Merican Pepple’ are lemmings. The government (power brokers) know this quite well and we prove it to them often to solidify their belief. We continue to allow ourselves to be used and our representatives are self serving. We know this and yet we debate the nuances of political parties and allow ourselves to be divided while all parties give us the royal schlong.
Lemmings or sheep? I'm not sure which. Lemmings follow each other over a cliff and perish together. Sheep are herded. To their credit its not one of their own who leads them hither, dither and yon but an animal of another species. Americans are lead astray by each other. The ruling elite employ "judas goats" to lead us blindly to slaughter. :down:
 
We ‘The Merican Pepple’ are lemmings. The government (power brokers) know this quite well and we prove it to them often to solidify their belief. We continue to allow ourselves to be used and our representatives are self serving. We know this and yet we debate the nuances of political parties and allow ourselves to be divided while all parties give us the royal schlong.

Wrong, grasshopper. Ponder this proposition. The American people do not debate the nuances of political parties. They debate whether or not Marie Osmond should have been voted off Dancing with the Has-beens/Wannabes/Ain't-never-gonna-bes. And, should Britney lose custody of her children or not.

The politicians and business powers that be are not totally to blame. They have given us exactly what we want. Cheap gas. Cheap cars (a Ford Focus in Australia costs the equivalent of about $35-40,000). Cheap clothing. Cheap appliances. Cheap computers. Cheap homes (In Belgium, the average worker would NEVER be able to afford the 3-bedroom, 2-bath home in the suburbs). Result: It has been necessary to export (notice how that word keeps coming up) the means of production of those items (and the related jobs) wherever possible to keep the costs low.

We now have nothing to export. Because we are no longer a manufacturing nation, there are no national sources of income for the government other than taxes. And, because we have demanded low taxes (to starve that bloated, overgrown government that we all love to hate) the government must borrow money from other countries that are making money with the manufacturing (and the jobs) we used to have. Now, before you say the government doesn't have to and shouldn't borrow from other countries...
Well, how do you expect them to
1. pay for our defense (which we expect)?
2. underwrite our cheap home loans (which we demand)?
3. police our neighborhoods (a natural, of course)?
4. put out our house fires (I'll sue if you don't!)?
5. teach our children (well, we don't actually expect anyone to be paid to do that. They should do it because of love of the job)?
6. pay for the war in the Middle East ( well, surely you aren't thinking of raising my taxes to bring democracy to the Iraqis, are you?)?
7. provide disaster relief for the people of California during the fires? (Maybe some of you rock-ribbed Republicans should tell those white, upper-middle-class, Republicans in Southern California that they should not expect any help because they built their multi-million dollar homes in known wildfire areas. You know, the way you all said to the poor black people of New Orleans that they don't deserve any help because they chose to live below sea level in a city that has flooded many times in 350 years. And the way you said that not a penny of tax money should be spent to rebuild New Orleans because it will just flood again with the next hurricane.)
Result: The dollar with no tangible Gross Domestic Product to speak of and a mountain of debts which we have no way to repay other than by printing more dollars continues to fall in value.

Another result: By running our government the way we run our household budgets (charge it and then pay just the minimum amount due and when the credit card maxes out, go get another credit card), we have mortgaged the futures of our children, grandchildren, and even great-grandchildren. Are any of you aware that not a penny of the expense for Iraq War has ever been included in any of the deficit budgets produced by Congress and the Bush Administration? The war has been financed with "continuing resolutions." When you look at any government report that states the size of the national debt, remember that is PLUS the billions of dollars spent on Iraq.
 
You have a good understanding of economic theory, probably more than I do. My question to you is: just what is it that we export? Shoes? Electronics? Computers? Appliances? Automobiles? Even the Taliban prefers Toyota!
The truth is that we have no industry to speak of to export that would justify the dollar devaluation. Its a fire sale (more like a mob bust out) of the United States and a plundering of the wealth of the American people. The only ones benefiting are the ruling elite and their lackey politicians. :down:

Sorry - I'm not Boomer, but permit me to correct some of the uninformed nonsense that's been posted about our so-called non-existent exports and our so-called non-existent industrial/manufacturing sector. In 2006, the US exported just over a trillion dollars of stuff and Imported about $1.8 trillion of stuff. Exports for the first two quarters of 2007 are running well ahead of the same quarters of 2006; significantly ahead of inflation, so there's a real increase of exports going on. Imports are also running well ahead, primarily because oil is so damned expensive.

In the second quarter of 2007, the US exported about $279 billion worth of stuff and imported about $480 billion of stuff. The US actually exports more services than we import, so we run a surplus there.

Some of the big categories include:

Agricultural products
Energy products (fuels and lubricants)
Chemicals
Textile supplies
Metals
Paper
Industrial machinery
Computers
Semiconductors
Telecom equipment
Medical and hospital equipment
Civilian Aircraft (anybody ever heard of Boeing?)
Auto parts, vehicles and engines
Consumer durable goods
Consumer nondurable goods
Pharmaceuticals

http://www.bea.gov/international/bp_web/si...0&area_id=3

And a cheap dollar will make those exports cheaper. Since the end of WWII, we've been importing cheap crap from Japan, Taiwan, Korea, etc. because those goods were cheap. US manufacturing often moved to where labor was cheap (like Mexico). Well, cheap dollar should help increase exports and should discourage imports of stuff (since those imports are getting more expensive).
 
Well, cheap dollar should help increase exports and should discourage imports of stuff (since those imports are getting more expensive).

Should, but probably won't. For instance, a major part of our economy is car sales. Even though foreign cars should be more expensive with the weaker dollar, people are still willing to pay more because they get more in the way of dependability, fuel economy, etc.

Also, a number of the things that you listed as exports--such as computers--at best, simply get final assembly in this country. The components are manufactured overseas. Yes, the export adds to the company's bottom line and "counts" in our balance of trade, but it does not increase domestic jobs significantly.

And, even you noted that our imports are greater than our exports in dollar value, and have been for quite some time now. Frankly, I am surprised that the balance is only $.8 trillion negative. I would have thought it more. And, are these numbers being produced by the Bush administration? If so, I would not rely on them to make any major financial decisions if I were you. The White House staff have been known to "edit" agency findings of all kinds in the past--for readability, don't you know.
:lol:
 
Funny you should mention computers, Jim. Just yesterday I came across news about the following:

Intel Opening New Chip Plant in Arizona

By JORDAN ROBERTSON – 11 hours ago

SAN FRANCISCO (AP) — In the latest display of its manufacturing might, Intel Corp. is opening a new $3 billion factory in Arizona, widening its lead over rival Advanced Micro Devices Inc. in the industry's switch to a new chip-making technique.

The new facility in Chandler, Ariz., will be Intel's first plant dedicated to churning out microprocessors — the brains of personal computers and servers — whose parts measure an average of just 45 nanometers, or 45 billionths of a meter.

The transistors on such chips are so small that more than 30 million can fit onto the head of a pin.

How small they are is critical to the fight between Intel and AMD because smaller features open more room for transistors on a single slice of silicon, boosting performance while lowering manufacturing costs.

The new processors also are made with materials that reduce the amount of electric current escaping from transistors, a major problem as chip parts shrink to the atomic scale.

Intel is at least six months ahead of AMD in the transition to the new chip-making method.

Intel and AMD currently make their most advanced chips on 65-nanometer technology, and both companies are spending heavily to outfit their factories with the cutting-edge equipment and technologies needed to make 45-nanometer chips.

Intel's new 1-million-square-foot factory, with more than 1,000 workers, is so big more than 17 football fields could fit inside it. Its products will go on sale Nov. 12.

http://ap.google.com/article/ALeqM5jHiO4x9...aLOWezewN9E-Daw

The new factory opens today. 1,000 employees? In Arizona? As big as 17 football fields. Yeah, you're right. Nobody makes computer parts here in the USA. 😀

The article goes on to say:

The Santa Clara-based company, whose $152 billion market value is 21 times bigger than AMD's, plans to spend up to $8 billion on upgrading or building factories for 45-nanometer chips.

That figure includes the Arizona factory, up to $3.5 billion for a new factory in Kiryat Gat, Israel and $1.5 billion to retool an existing facility in Rio Rancho, New Mexico, both of which are slated to open next year.

Sunnyvale-based AMD is retooling one of its factories in Dresden, Germany to handle the new technology. The company has not given a cost for its transition.

New factory in Israel, retooling a NEW MEXICO factory and retooling a Dresden factory.

I'm too lazy to look for other examples.

Sure, plenty of things are assembled here with foreign parts. And with automation, assembling things takes far fewer workers than it did 50 or 100 years ago. And many of our manufacturing jobs are in quiet, clean facilities instead of noisy, dirty, dangerous factories (think steel mills of 50-100 years ago).

For me, it's got nothing to do with US politics. We live in a world economy where some people make things and other people provide services. Some of the people making things do it for people living thousands of miles away. Those things they make are placed on boats or airplanes and quickly moved where they're needed.

Ok, everybody, back to your "The USA doesn't manufacture or export anything anymore" circle jerk.
 
Sorry - I'm not Boomer, but permit me to correct some of the uninformed nonsense that's been posted about our so-called non-existent exports and our so-called non-existent industrial/manufacturing sector. In 2006, the US exported just over a trillion dollars of stuff and Imported about $1.8 trillion of stuff. Exports for the first two quarters of 2007 are running well ahead of the same quarters of 2006; significantly ahead of inflation, so there's a real increase of exports going on. Imports are also running well ahead, primarily because oil is so damned expensive.

In the second quarter of 2007, the US exported about $279 billion worth of stuff and imported about $480 billion of stuff. The US actually exports more services than we import, so we run a surplus there.

Some of the big categories include:

Agricultural products
Energy products (fuels and lubricants)
Chemicals
Textile supplies
Metals
Paper
Industrial machinery
Computers
Semiconductors
Telecom equipment
Medical and hospital equipment
Civilian Aircraft (anybody ever heard of Boeing?)
Auto parts, vehicles and engines
Consumer durable goods
Consumer nondurable goods
Pharmaceuticals

http://www.bea.gov/international/bp_web/si...0&area_id=3

And a cheap dollar will make those exports cheaper. Since the end of WWII, we've been importing cheap crap from Japan, Taiwan, Korea, etc. because those goods were cheap. US manufacturing often moved to where labor was cheap (like Mexico). Well, cheap dollar should help increase exports and should discourage imports of stuff (since those imports are getting more expensive).

I doubt the cheap dollar will have any effect in this regard. The costs to produce goods (Pacific Rim) are so little the importers can easily eat the difference and still continue their plan to eliminate USA manufacturing while raking in the dough.
 
I doubt the cheap dollar will have any effect in this regard. The costs to produce goods are so little that the importers can easily eat the difference and still continue their plan to eliminate USA manufacturing.

Maybe imports will continue unabated no matter the price. Gots to have the BMW and MB.

But the data show that exports for the first two quarters of 2007 are running 11% ahead of exports for the first two quarters of 2006, so the cheaper dollar does seem to have an effect on exports.
 
Most Americans know more about their favorite sports team or celebrity than they know about their government. They are more concerned with American Idol and cannot find their own country on an unmarked map of the world. This is the result of our dumbed down education system.
The average dopey teenager of today pales in comparison to teenagers 100 years ago, or even 50 years ago. You can read letters from civil war soldiers that almost sound like poetry. Admiral David Farragut commanded his first ship at the age of 12, yet you can hardly get a 12 year old today to remember to take out the garbage!
How did this occur and who is responsible for this ?
The advent of the industrial revolution bought the need for a new class of citizen, the corporate citizen. Free thinkers and individualist were not needed to operate the machinery of industry. What was needed was individuals who would follow orders without question and perform repetitive work in an expedient and efficient manner. The only way to get this type of individual is to indoctrinate them from a young age to be a good worker bee, and equally important a good consumer. Enter compulsory education. To make a long story short, industrialists scuh as Ford, Carnegie, and Rockefeller through their foundations and political influence were able to set in motion the wheels of compulsory public education. Naturally, the ruling elite do not send their children to the same schools nor do they follow the same curriculum. The children of the ruling class go to preparatory school were they are taught to be leaders.
The Underground History of American Education by John Taylor Gatto is an excellent book on the matter. He also has an excellent web site. John Taylor Gatto
With the help of their lackey politicians and media propaganda, bankers were able to take over the U.S. by setting up a central bank in 1913. This private central bank is the Federal Reserve Bank. Congress gave up its constitutional responsibility to print and coin our currency backed by gold and silver. Now we have to borrow our money from the private Federal Reserve Bank. This money is fiat money. Fiat money not backed by any precious metal. The only reason it is worth anything is because we are forced to use it. The private central Federal Reserve Bank charges interest for the favor of printing and using their Federal Reserve Notes . This interest is part of the national debt. The Internal Revenue Service was established to be the collection agency for the private Federal Reserve Bank. The Federal Reserve is as much a part of the U.S. government as Federal Express is. A good book on this is The Creature from Jeckyl Island by G. Edward Griffin.
The bankers and the industrialists work hand in hand. They came up with the "American Dream."
We all know the dream. The car we can't afford, the big house we can't afford, the boats we can't afford. Its Ok if we can't afford these things. The banks will be glad to lend us the money for these symbols of status. Now they own us. Now we are their slaves.
The sad truth is that we have allowed our country to be run not by We the People but by the military industrial complex, big oil, and other multi national corporate interests. :down:
 
Maybe imports will continue unabated no matter the price. Gots to have the BMW and MB.

But the data show that exports for the first two quarters of 2007 are running 11% ahead of exports for the first two quarters of 2006, so the cheaper dollar does seem to have an effect on exports.
You neglect to note that BMW builds cars in Spartenburg, SC. Mercedes Benz builds cars in Tuscalossa County, AL. Toyota, Nissan, Subaru, and others build cars in the US and are exported. Many of these models are considered domestic due to the high amount of parts that originate in the US.
 
Funny you should mention computers, Jim. Just yesterday I came across news about the following:
http://ap.google.com/article/ALeqM5jHiO4x9...aLOWezewN9E-Daw

The new factory opens today. 1,000 employees? In Arizona? As big as 17 football fields. Yeah, you're right. Nobody makes computer parts here in the USA. 😀

The article goes on to say:
New factory in Israel, retooling a NEW MEXICO factory and retooling a Dresden factory.

I'm too lazy to look for other examples.

Sure, plenty of things are assembled here with foreign parts. And with automation, assembling things takes far fewer workers than it did 50 or 100 years ago. And many of our manufacturing jobs are in quiet, clean facilities instead of noisy, dirty, dangerous factories (think steel mills of 50-100 years ago).

For me, it's got nothing to do with US politics. We live in a world economy where some people make things and other people provide services. Some of the people making things do it for people living thousands of miles away. Those things they make are placed on boats or airplanes and quickly moved where they're needed.

Ok, everybody, back to your "The USA doesn't manufacture or export anything anymore" circle jerk.
1000 new jobs! Wow!...as opposed to how many lost? :down: :down:
 

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