AMD Reveals Plan to Cut 10 Percent of Work Force

[MarkG]

Foxnews, acknowledges that Clinton balanced the budget. And they hate democrats.

There was never a budget surplus under Clinton; there was not one single year in all that time when the US national debt did not increase. In fact I think the last time the US national debt declined was one year in the 60s.

And, as has been pointed out, the President does not set the budget, Congress does. Which was, oddly, Republican at the time the budget was supposedly balanced; which is the reason why the Republicans weren't pointing out what nonsense Clinton's 'budget surplus' was... they wanted to take the credit for it.

Now, you can certainly argue that Bush-era borrow-and-spend makes the Clinton-era look good, and I'd agree. But 'balancing the budget' was just propaganda on both sides.

 

[Just_An_Engineer]

FACT - Iraq sold oil in Euros in 2000

FACT - After the invasion, Iraqi oil was sold in dollars

The two statements are true and I haven't disputed them. In fact oil is traded in several currencies and has been for years, prior even to the existence of the Euro. For example, Canada routinely sells oil to Japan quoted in Canadian dollars. Russia routinely sells oil in Rubles, etc., etc.

What I AM disputing is your claim that OPEC switching from quoting in dollars to quoting in Euros would destroy the US economy. Now let me quote the very same Business Week article you just provided to prove my point.

Iran and Venezuela managed to persuade Saudi Arabia to agree to discuss the swooning buck at the next OPEC meeting in Abu Dhabi in December, but engineering a shift to an oil pricing regime based on the euro or another currency anytime soon is far-fetched. "The obstacles are overwhelming," says Edward Morse, energy economist at Lehman Bros. (LEH) in New York. He notes that virtually all oil sold today is based on three benchmarks: West Texas Intermediate traded on the NYMEX; Brent traded on the ICE in London; and Middle East Dubai/Oman crudes as assessed by Platts or settled on the Dubai Mercantile Exchange. All are priced in dollars.
Eroding Power of Currencies

"It is hard to imagine how an exporter and importer of crude oil could agree on mutual terms without pricing off one of these," Morse says. Besides, he adds, producers should know "it is an illusion to think that you are going to have higher real prices globally by switching currencies." Prices, he says, already "basically reflect fair market value."

As I stated before, the only people who actually believe that switching the OPEC benchmark for oil pricing from the dollar to the Euro would destroy the US economy are the conspiracy theorists and the crackpots.

 

[englandr753]

ITS ALL OVER THE WEB MAN.


Go google: Iraq oil euros 2000.


Go google: Iraq oil dollars 2003.


ITS NOT F**KING COMPLICATED.

Amiga,

You could have an interesting conversation if you learned to be an adult about it. You lose all credibility when you talk like you did in that last sentence.

Give respect, you will be respected. Obviously you dont care about that...

 

[turpit]

Why is China our enemy?

http://www.cbsnews.com/stories/2004/01/26/60minutes/main595875.shtml

http://www.iht.com/articles/2005/05/16/bloomberg/sxpesek.php

http://usinfo.state.gov/eap/Archive/2005/May/20-45620.html

http://www.heritage.org/Research/AsiaandthePacific/wm1046.cfm

http://www.treas.gov/press/releases/reports/2003.pdf

http://www.washingtontimes.com/article/20080318/EDITORIAL/780382695/1013

http://www.christusrex.org/www2/china/theft/pg1.html

http://www.washingtonpost.com/wp-dyn/content/article/2008/04/02/AR2008040203372.html

http://www.pownetwork.org/bios/china.htm

http://news.bbc.co.uk/1/hi/world/asia-pacific/1276519.stm

to name a few

 

[jimmysmitty]

Before Iraq's invasion;
China is our enemy for many reasons but not an imminent danger. They go against a lot of what our nation stands for and that makes them our enemy. Their political structure, the censorship, the "abortions", the slavery, the list is long and it's not like Iraq where it was citizen vs citizen. They are government vs citizen and very suppressive. You could almost say the word China is a antonym for the word freedom. Did I mention their military growth? I'm just glad that if China were to do any invading, it would be land based to the north . What does Russia have now, like half the population of the US or something and decreasing! Sucks to be them.

Don't ever underestimate the Russians. They had literally nothing after Germany switched sides on them and they fought back and won. They are very very patriotic people, I know since my fiance is Russian. They will not just give up and roll over. They do also have some very good military technology especially in the form of jets.

Hehe, Im no kid. I wouldnt be surprised if Im older than you. Truth all over the web? What are your sources for truth?

No, the second link wasnt fox.

Also, as far as Europe being a more mature nation, they are proving that no one is immune to the issues dealing with immigrants. Europe is setting aside their own culture to make way for immigrants and to not insult them just like we are. This will be a downfall for all nations IMO.

1. Europe is not a nation its a collective group of nations. I for one am just gald Britan had the balls to say no. Thats a nation who understands how important it is to keep your individuality.

As for insulting immigrants, considering the fact that we are just trying to keep the country from being over populated and no jobs I don't see how we insult them. Either way, its great that we have a large tolerance towards religion and beliefes but that in no way means we should ever forget who we are. Its like the flag. I have read of places not wanting to put it up, government places such as librarys, cuz they don't want to offend other cultures. Well go to their country and you will see their flag all over the place.

Meh I almost wanna give up.

http://www.cbsnews.com/stories/2004/01/26/60minutes/main595875.shtml

http://www.iht.com/articles/2005/05/16/bloomberg/sxpesek.php

http://usinfo.state.gov/eap/Archive/2005/May/20-45620.html

http://www.heritage.org/Research/AsiaandthePacific/wm1046.cfm

http://www.treas.gov/press/releases/reports/2003.pdf

http://www.washingtontimes.com/article/20080318/EDITORIAL/780382695/1013

http://www.christusrex.org/www2/china/theft/pg1.html

http://www.washingtonpost.com/wp-dyn/content/article/2008/04/02/AR2008040203372.html

http://www.pownetwork.org/bios/china.htm

http://news.bbc.co.uk/1/hi/world/asia-pacific/1276519.stm

to name a few

And thats Turpit for ya. Nice to see ya and as always coming with a load of links to prove a point.

 

[Amiga500]

In fact oil is traded in several currencies and has been for years, prior even to the existence of the Euro. For example, Canada routinely sells oil to Japan quoted in Canadian dollars. Russia routinely sells oil in Rubles, etc., etc.

Please read this:

http://www.iht.com/articles/2008/02/25/business/place.php

Only now are the Russians debating selling in Rubles. The article also briefly mentions the petrodollar & US economy.

What I AM disputing is your claim that OPEC switching from quoting in dollars to quoting in Euros would destroy the US economy. Now let me quote the very same Business Week article you just provided to prove my point.

All of the current oil bourses (with exception of new iranian one - new as of 2 months ago) are priced in dollars. US dollars are the strongest holding a reserve can have as it can buy oil straight with dollars, no need to worry about exchange rates.


Your simply sticking your head in the sand if you think having virtually all oil in the world sold in US dollars has not got a positive effect on the demand for US dollars in reserve holdings worldwide.

 

[Amiga500]

Amiga,

You could have an interesting conversation if you learned to be an adult about it. You lose all credibility when you talk like you did in that last sentence.

Give respect, you will be respected. Obviously you dont care about that...

You ask for links when 5 seconds on google will give you the result you desire and that is the response you will get.


The keywords are not complex.

 

[englandr753]

Let me rephrase that statement, Europe being a mature group of nations. That wasnt worded right, you had me worked up.

From what I am hearing, Brittain is being over ran with muslims and the natives are moving out because of it. I am hearing this from customers that I deal with in my store that are moving here from Brittain.

 

[englandr753]

You ask for links when 5 seconds on google will give you the result you desire and that is the response you will get.


The keywords are not complex.

The post quoted below is not about being complex, its about being intelligent and using unnecessary words that show you are out of control and are losing your grip to communicate at a level that isnt provoking to argue. There is a difference in debating respectably and arguing out of control.

You lost my respect at that point.

ITS ALL OVER THE WEB MAN.


ITS NOT F**KING COMPLICATED.

 

[Just_An_Engineer]

Your simply sticking your head in the sand if you think having virtually all oil in the world sold in US dollars has not got a positive effect on the demand for US dollars in reserve holdings worldwide.

Again, the point I'm making is that a switch from the pricing of oil in the dollar to pricing in a different currency won't have a major effect on exchange rates. I'm not talking about foreign reserve holdings. Perhaps you are subscribing to the theory that it's easier to win an argument if you keep changing the topic?

The most important factor in the calculation of exchange rates has always been and will continue to be the comparative pricing of commodities. As has already been stated and even quoted from an article you posted yourself, commodities are already priced at fair market values so a switch to a different currency will not yield a change in real prices.

If you are going to try to argue that a reduce in foreign reserves in US dollar would cause a severe drop in exchange rates, then you should also keep in mind that the US is the third largest producer of oil in the world (http://www.opec.org/library/FAQs/PetrolIndustry/q4.htm) so even after a switch to oil pricing in a different currency the exchange rate for the dollar would still largely be based on the market price for oil.