[meteorite-list] Effect of fall of dollar against Euro/ dirham's

From: david freeman <asineops_at_meteoritecentral.com>
Date: Tue, 8 Apr 2008 09:32:37 -0700 (PDT)
Message-ID: <906561.19643.qm_at_web46413.mail.sp1.yahoo.com>

Dear List;
I agree with Michael. It is a number of issues, one
being U.S. debt and taxing makes money tight as does
war. Another as Michael puts it is the cost of bread,
milk, and eggs, and gasoline which the common folks
need, and compete with the meteorite collector in for
pricing. Meteorite collector: can I afford an extra
$50 a week in energy, food, and other costs and
continue to spend my normal amount on my collecting
hobby? We Americans collect more than just meteorites.
We also collect food and energy and historically at a
disportinate rate to other civilized nations. Our food
and energy costs are very high now, and intertwined
deeply with each other. As other economies rise, the
U.S. economy is equalizing, meaning we are in
finincial decline. Less money is expendable to collect
stamps, second and third cars, METEORITES, bread,
milk,and eggs.
This decline in business is not just in the meteorite
sector.
I think big oil is probably a good business to invest
in at the moment, but with an election coming soon,
maybe not so either.
Thanks Michael for the comment.


--- Michael L Blood <mlblood at cox.net> wrote:

> on 4/8/08 6:44 AM, habibi abdelaziz at
> azizhabibi at yahoo.com wrote:
> > let's hope the dollar will be back high , if not
> and the trend of the dollar
> > continue this way ; we will have a closed market
> in nwa.or an expenssive
> > meteorite market.
> Hi Aziz,
> We have a strange shift going on in the US.
> The Republican Party
> Used to stand for "conservative" economic spending
> by the government
> And the Democratic Party had a reputation of "tax
> and spend" on social
> Programs. However, the past 15 years everything is
> turning upside down.
> Clinton brought the national debt down to "only" 1
> trillion $(from a
> previous 4 when he took office). That made the
> dollar strong. However, we
> have had someone who was supposed to be a
> "conservative" drive up the
> national debt to over 7 TRILLION Dollars over the
> last 7 years, and the
> result is a very weak dollar. (this is quite easily
> accomplished when you
> cut taxes and expand spending) So much for "small
> government" - though
> We do "hire out" for some of the more important
> functions.
> Unfortunately, your comment about what will
> happen if the dollar
> Does not get stronger has already happened. It was
> plain as day at the
> Last Tucson Show. Prices were the highest I have
> ever seen since the
> Flood of African material started. Prices on much of
> the historic material
> was actually higher than before the NWA flood and,
> of course, the NWA
> Material is at an all time low in volume and high in
> prices.
> Someone actually complained that my auction
> was "ruined" because
> So many dealers were buying so much (actually, only
> about 30%) that
> They were outbidding collectors. The difference was
> that the dealers SEE
> What is happening - and when things are "cheaper" at
> the auction than can
> Be had "wholesale" they have to bid on it. Clearly,
> many collectors are in
> denial and just don't accept that market prices
> bottomed out 2 years ago
> And have been on the climb and that cline has
> steepened the last year
> Quite a bit. Before long, I don't think anything
> will be available "cheaper"
> Than it was at the height of the market 7 or 8 years
> ago. Of course, bread,
> Butter, rent and certainly gas are not nearly as
> cheap as they were 8 years
> Ago, either.
> I just hope Clinton wasn't a one time
> aberration and at least one of
> the parties will be financially conservative! If the
> government wants to
> Spend $ they will have to tax to pay for it - or, do
> what they have done the
> Last 7 years and just print more, which MUST result
> in a decline in the
> Value of the dollar. You can't have it both ways -
> they have been acting
> like a 15 year old with a credit card.
> What I don't understand is why there are not
> more Europeans buying
> Meteorites from US dealers? With the Euro so strong
> against the dollar, what
> An opportunity.
> Any Europeans out there got an answer?
> Best wishes, Michael
>
>
>
> 'Your living is determined not so much by what life
> brings to you as by the
> attitude you bring to life; not so much by what
> happens to you as by the way
> your mind looks at what happens.' --Kahlil Gibran
>
>
>
>
>
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>


Dave Freeman
Freeman's Fossil Sales
store front 527 N. Front Street
Rock Springs, Wyoming


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Received on Tue 08 Apr 2008 12:32:37 PM PDT