Comments on: Olympics and the Affects on the Dollar http://www.plentyofluck.com/olympics-and-the-affects-on-the-dollar/ Wed, 02 Jun 2010 20:12:25 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Joaquin http://www.plentyofluck.com/olympics-and-the-affects-on-the-dollar/comment-page-1/#comment-203 Joaquin Mon, 10 Mar 2008 15:33:07 +0000 http://www.plentyofluck.com/olympics-and-the-affects-on-the-dollar/#comment-203 Hello Jon, I agree with your assessment of the situation, however, with the rise of India as an industrialized nation, China might stop relying on U.S. Consumers to buy their products, especially if the dollar keeps getting weaker and weaker. Only time will tell, and I am looking forward to both the Olympics as well as the next few months as a Forex Investor. -Joaquin Hello Jon,

I agree with your assessment of the situation, however, with the rise of India as an industrialized nation, China might stop relying on U.S. Consumers to buy their products, especially if the dollar keeps getting weaker and weaker. Only time will tell, and I am looking forward to both the Olympics as well as the next few months as a Forex Investor.

-Joaquin

]]> By: Jon http://www.plentyofluck.com/olympics-and-the-affects-on-the-dollar/comment-page-1/#comment-200 Jon Mon, 10 Mar 2008 01:46:51 +0000 http://www.plentyofluck.com/olympics-and-the-affects-on-the-dollar/#comment-200 Interesthing first post. The situation in between China and the USA is indeed quite complex. It is true that both country depend on each other up in different ways. The USA do need China to keep on buying american securities otherwise China could turn around and sell all it's Forex holding in US dollars and completely demolish the value left in the dollar and severely impact the USA economy. However China need the US consumers to buy all their manufactured goods. So overall it's a double sword situation and there must be a highly political game going on in the background. As for OPEC, they have discussed switching to Euros, Rubles and even Gold. I havn't heard the mention of Yuan's yet, but anything is possible depending on how things turn out. The Olympics will definitely be huge for China and I believe has more significance than most recent Olympics as they are regaining their superpower status (which they had at times in the past). Interesthing first post. The situation in between China and the USA is indeed quite complex. It is true that both country depend on each other up in different ways. The USA do need China to keep on buying american securities otherwise China could turn around and sell all it’s Forex holding in US dollars and completely demolish the value left in the dollar and severely impact the USA economy. However China need the US consumers to buy all their manufactured goods. So overall it’s a double sword situation and there must be a highly political game going on in the background.

As for OPEC, they have discussed switching to Euros, Rubles and even Gold. I havn’t heard the mention of Yuan’s yet, but anything is possible depending on how things turn out.

The Olympics will definitely be huge for China and I believe has more significance than most recent Olympics as they are regaining their superpower status (which they had at times in the past).

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