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chad
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The value of the dollar

Here's a great website on the value of the dollar:

 

 

http://useconomy.about.com/od/tradepolicy/p/Dollar_Value.htm

 

 

In general, money makes the U.S. a little insane- trying to figure out the value of the dollar, in particular. As the article notes, there are several ways in which we measure the value of the dollar. How do you measure the value of the dollar? Which way works for you? Or do you have a different way? Can we ever meaure the value of the dollar with any accuracy?- Up for commantary......

 

 

Chad

 

PS- The also article notes a downward trend in the value of the U.S. dollar- not good news.... What do you attribute to this downward trend? It is possible that the dollar will rise again......

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GS2991
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Re: The value of the dollar

I remember gas being a dollar a gallon. Buying my stash uf different gums for a dollar. Its not that things are getting high its the dollar is weak. Soup droped from 14.5 oz. to 10. oz. to stay $1.59. If the dummy keeps going no I do not see the dollar getting better. Stop taxing the rich the rich employ others that is kinda how they got there. Don't evilize the people that do good they make jobs. Bah well tis my thoughts. Nevermind me.
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chad
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Re: The value of the dollar


GS2991 wrote:
I remember gas being a dollar a gallon. Buying my stash uf different gums for a dollar. Its not that things are getting high its the dollar is weak. Soup droped from 14.5 oz. to 10. oz. to stay $1.59. If the dummy keeps going no I do not see the dollar getting better. Stop taxing the rich the rich employ others that is kinda how they got there. Don't evilize the people that do good they make jobs. Bah well tis my thoughts. Nevermind me.


 

If I'm understanding you- that kind of goes without saying..... a rise in prices domestically, sometimes results in overseas investing, causing a weakening of the U.S. Dollar. It is, in part, responsible for the declining trend of the dollar, I think. I also think taxes have become a political catchword and change with each administration and do not really amount to much- rather than targeting specific income brackets, more specific targeting is usually needed. For example, a tax on the wealthy might include investors who invest in this country as well as overseas investors. Anyway, a steady downward trend in spite of the innovative tax reforms we ecncounter :smileyvery-happy:....I really feel we need to rid ourselves of the income tax- but that is a long way off......

 

 

Chad 

 

PS- thanks for you're input!

 

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GS2991
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Re: The value of the dollar

Politic: another word for thief,crook, igit. I don't really care but I do keep tabs. I love radio. Don't care for TV. I think too many planted or hidden things thrive on TV. Maybe I'm weird whatever. Everyone has their thoughts. I think nothing more or less of those who agree or disagree. But I bet you can't guess my age.
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The body politic


GS2991 wrote:
Politic: another word for thief,crook, igit. I don't really care but I do keep tabs. I love radio. Don't care for TV. I think too many planted or hidden things thrive on TV. Maybe I'm weird whatever. Everyone has their thoughts. I think nothing more or less of those who agree or disagree. But I bet you can't guess my age.

:smileyvery-happy: I can't guess your age and we try to keep politics from being criminal.

 

To clarify: usually when I say something is political, I mean "to wield power or might, or persuade, if you will." So. as I stated above, a party will be either for or against, raising or lowering taxes, in order to gain support- and they can gain support with a position on taxes by including the income tax in their platforms. Let's face it, tax breaks usually are the fastest and easiest way to place money directly into their voter's wallets. You may hear other arguments over why, or why not, a party takes a position on a certain tax plan, but they usually are pretty specious....

 

Chad

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GS2991
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Re: The body politic

[ Edited ]
Interesting. Not to go OT but it kills me how government blows money. In FL someone spent $14,400 on red capes for the unemployed. As a new add campain to get people employed. One was CAPEable to get a job and defeat doc. Evil unemployment. Last I heard they were looking into who was incapeable of realizing what a terrible idea that was.
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Re: The body politic

[ Edited ]

GS2991 wrote:
Interesting. Not to go OT but it kills me how government blows money. In FL someone spent $14,400 on red capes for the unemployed. As a new add campain to get people employed. One was CAPEable to get a job and defeat doc. Evil unemployment. Last I heard they were looking into who was incapeable of realizing what a terrible idea that was.


 

I wonder who are supposed to don the red capes, as well as when and where. Maybe they're advocating unemployment as a state of mind? I guess it is to some degree, but so many people are now screaming about "job creation."  (?)

 

Chad

 

PS-  Employment can affect the human mind. Sometimes employers encounter diffulties iin training or retraining employees. Routine tasks are not conducive to creativity and so on.....

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Unemployment and the value of the dollar

[ Edited ]

It's great that you bring unemployment up. It obviously affects the value of the dollar. But the article I posted omits employment as a measure of value- maybe it's not an exact measure, or as exact as measures the article mentions? Theoretically, the amount of currency should shrink or expand as unemployment rises and falls- too theoretical I think....

 

Chad 

 

PS- We tend to think of unemployment as a result of the weakening of the dollar and not as a cause....

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GS2991
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Re: Unemployment and the value of the dollar

I didn't get to read the article I'm posting form my 3G nook. And there are jobs out there plenty. Around here anyway. The place that dad works for is struggleing to find help. But the people that get a job there get caned because a lot of them don't like the hard work of turning the wrench. Work is work. If your that in need of money you have to work.
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Re: Unemployment and the value of the dollar


GS2991 wrote:
I didn't get to read the article I'm posting form my 3G nook. And there are jobs out there plenty. Around here anyway. The place that dad works for is struggleing to find help. But the people that get a job there get caned because a lot of them don't like the hard work of turning the wrench. Work is work. If your that in need of money you have to work.


 

Well, you sound like an eager beaver. But, the media has reported loss of homes, jobs, etc. Do you think the the media has reported this in err or given an accurate report of real situation? Possibly sensationalizing a few losses.

 

OK- before you read this, I'm just playing devil's advocate to your above statement on work:

 

If there is value to me in turning the wrench, then I'll turn it. But if I can find more money somewhere else, then I'll work somewhere else, all things being equal. Moreover, if I can find a way to lighten my "hard work" load while maintaining or increasing my production, then I am a more "efficient" worker. Essentially, modernization, technology, invention, or whatever you want to call it, has made "hard work" obsolete. "Hard work" is for societies which reject modernization, like the Amish.

 

Basically, don't tell me that if I need money, then I have to work, because the need for money alone will eventually lead to a loss of my job, or someone else's through modernization. Tell me "why" I have to work, better yet, tell me "why" I have to work for you when "efficiency" is also rewarded....

 

Chad  

 

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GS2991
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Re: Unemployment and the value of the dollar

Oh but it was not to be this bad remember? Get wacha vote for. I'm into a book right now I'll be back.
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Duck tape is silver.

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Re: Unemployment and the value of the dollar


GS2991 wrote:
Oh but it was not to be this bad remember? Get wacha vote for. I'm into a book right now I'll be back.

Well, I'm reading "Treasure Island" by Robert Louis Stevenson on the classics board and I decided to post some CE topics related to the novel. But I must move on from the money topic soon, interesting though it is.

 

Stevenson is always interesting and one of the points he elucidates, indirectly, is that money is about making things easier. So, rather than lugging a lump of gold or a pound of silver to the  traders, I can represent that lump or that pound with a piece of paper -it's a lot lighter to carry. The U.S. and others are about hard work, but they're also about making things easier. Working hard for your money or even working for your money will only make so much sense when money itself is made to make things easier.....So, there is always this constant struggle between hard work and easy money. And I think we only respect people so much for hard work and then we wonder why they don't make it easier for themselves.....interesting- happy reading!

 

Chad

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GS2991
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Re: Unemployment and the value of the dollar

Treasure Island. Never read it. I never have been big on Classics. Enjoy!
Silence is golden,
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The value of the dollar and Treasure Island

[ Edited ]

You could also say that the dollar, or currency, affects it's own value. Too much of a particular currency in the world market, and the value of that particular currency diminishes (i.e. an inflation of prices) Not enough of a particular currency, and the value of that particular currency rises in the market.(i.e. a deflation of prices) In general, we're more concerned about inflation and not deflation since we left metallic standards. And people monitor the value of currency for health and profit (i.e. the value of a country's currency is usually an indicator of the health of its economy, and currency traders often profit from the rise and fall of the value of currencies). So, you can envision a "peak efficiency", or a balance that currency has, whether or not we have achieved it. What comprises that balance and what takes place at the "balancing point" is always very interesting- why Stevenson wrote "Treasure Island" I think.

 

Chad

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Definition of political

[ Edited ]

chad wrote:

GS2991 wrote:
Politic: another word for thief,crook, igit. I don't really care but I do keep tabs. I love radio. Don't care for TV. I think too many planted or hidden things thrive on TV. Maybe I'm weird whatever. Everyone has their thoughts. I think nothing more or less of those who agree or disagree. But I bet you can't guess my age.

:smileyvery-happy: I can't guess your age and we try to keep politics from being criminal.

 

To clarify: usually when I say something is political, I mean "to wield power or might, or persuade, if you will." So. as I stated above, a party will be either for or against, raising or lowering taxes, in order to gain support- and they can gain support with a position on taxes by including the income tax in their platforms. Let's face it, tax breaks usually are the fastest and easiest way to place money directly into their voter's wallets. You may hear other arguments over why, or why not, a party takes a position on a certain tax plan, but they usually are pretty specious....

 

Chad



Just to further clarify: Something "political" or "politics" refer to powers, authorities, etc. within a state, nation, city and so on. Poltical science is the study of what the powers , authorities, forces etc. are and how they interact within a given state. So, there might be political reasons or economic reasons, or both, for a particular tax proposal or tax plan, that is if we continue with the above example.

 

Chad

 

PS- Here's a recent specific example:

http://seattletimes.nwsource.com/html/politics/2017373407_apuscongresstaxes.html

 

Obama was criticized for making his union address a re-election speech. But, I think he still wants to go through with his corporate tax plan. So, the corporate tax plan: politics, economics, or maybe a little of both?

 

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"The Way We Live Now" By A, Trollope and QE3

One of the best example's of Trollope's literary theme of "unsubstantialability vs substantiability" would be the effects of funky currency manipulations, like Bernanke's "operation twist" or QE's, on the price of gold. In other words, funky currency manipulations might lead me to believe that U.S. dollar is less substantial than it really is, thereby making precious metals, like silver or gold, a more attractive and a more "substantial" investment. So, if you hear or read about speculations of QE, then you know that the price of the precious metals will probably be on the rise- a bit of investment advice from the past!:smileywink:

 

Chad

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Re: "The Way We Live Now" By A, Trollope and QE3

The price of gold always rises in bad economic times- when currencies are not as stable. One of the more stable currencies (and a stable currency in general) during this past crisis was the Swiss franc. And, of course, Switzerland had to place a cap on their own currency before its value depreciated.

 

Chad