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04-20-2011, 03:29 AM | #1 |
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Dollar crashing: 1 euro = 1.45 dollar
uugggghhhhh dollar hit it's lowest point since December 2009
hope we're not going to $1.50-1.55-for-?1-country again but still they keep saying on US TV how much better off they are than the EU, stop living in a dream world, you're heading off a cliff please no crap about how it's good for exports, the US exports raw materials, not finished products, remember how much better it was when the Dollar was strong
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04-20-2011, 03:33 AM | #2 |
Judge Jury and Executioner
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yep It is sucking that's for sure. Ohh ya, just remembered, we pay in euro :D
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04-20-2011, 03:34 AM | #3 |
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Great for corporate borrowers of USD-denominated debt. Sucks to be foreign banks holding such debt.
Another dimension of QE2? Anyway, let's hope it doesn't continue to erode further cuz many commodities move counter to USD movement. USD sinks, oil goes up. Oil goes up, food prices go up (due to petrol-based fertilizer prices going up). No real clear solution short of the US getting its fiscal house in order--good luck with that. It's got an entitlements house of cards to keep up--with more and more debt |
04-20-2011, 03:35 AM | #4 | |
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04-20-2011, 03:37 AM | #5 |
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bad 4 us
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04-20-2011, 03:40 AM | #6 |
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Another winner of a weakening dollar, hedge funds that invest in overseas markets. They get a double whammy of returns: index rises due to influx of other US funds investing AND the increased value of the local currency (since stocks are bought in local currency). No wonder the POS PhiSix index (philippines) is past 4100 LOL Not because we have a stellar economy here in the Philippines but because of all the "hot" money flowing in from hedge funds.
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04-20-2011, 03:48 AM | #7 |
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Yep Australian dollar is at an all time high. Over $1.06 which is just insane.
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04-20-2011, 03:48 AM | #8 | |
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It's good time to buy dollar, EUzone is in economical shithole
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04-20-2011, 03:52 AM | #9 |
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Better postpone my Eurotrip for a while
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04-20-2011, 03:52 AM | #10 |
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04-20-2011, 04:07 AM | #11 |
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I live in Europe, bad for us to make biz with dollar online I transfer funds and there is not much left on the ATM
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04-20-2011, 04:09 AM | #12 |
Giggity
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Yea but GFY experts say it will rebound and there is nothing to worry about.
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04-20-2011, 04:21 AM | #13 | |
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USD is worth shit in EU...
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04-20-2011, 04:23 AM | #14 |
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Well that's because of the US politics...so...thank Obama for this. It's bad for our business in my opinion... let's hope it will pass soon...
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04-20-2011, 04:26 AM | #15 |
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As an Aussie, I know I am looking for more and more programs paying euro. The monetary incentive to promote US programs is diminishing rapidly.
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04-20-2011, 04:37 AM | #16 |
Giggity
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04-20-2011, 04:39 AM | #17 | |
Giggity
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Whats the AUD to the USD right now? I haven't checked in a few months. |
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04-20-2011, 04:39 AM | #18 |
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doesn't change much, unless you also bill in euros (and then not the equivalent of what it costs in USD)
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04-20-2011, 04:49 AM | #19 |
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04-20-2011, 04:53 AM | #20 |
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Absolutely agree with you, I bought a small amount when it was at $28 only wish I had more spare money to invest in Silver?
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04-20-2011, 05:00 AM | #21 | |
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entitlements are not the problem, compared to other Western countries, the US spends a low percentage of it's GDP on entitlements, Medicare has a 2 trillion surplus, Medicaid yes that needs some fixing just bring back the tax rates and military spending (up 80% the last decade, not even counting the wars) to where it was at the end of Clinton and most problems would be solved
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04-20-2011, 05:01 AM | #22 |
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yeah and unlike gold it's used in electronics, the supply is limited, they say there's already more silver in the trash heaps than they will be able to mine
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04-20-2011, 05:03 AM | #23 | |
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if Spain falls, yes then there will be a real problem
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04-20-2011, 05:05 AM | #24 |
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There is expectation how it will go up to 1.50.
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04-20-2011, 05:06 AM | #25 | |
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so if they bill $30, also bill ?30, not ?20
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04-20-2011, 05:30 AM | #26 | |
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This was fine between 1996 and 2004 when we ran our own pay sites and billed in USD, however now it wouldn't be economical to bill in USD if we ran our own sites. With the much lower cost of promoting sites we have been able to sustain things, however US based programs look less and less attractive every day unless they convert really well. |
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04-20-2011, 05:35 AM | #27 |
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We need to do same shit what Gaming industry doing-they charge for entire europe,not matter what country it is,in EUR and it's not adjusted price it's same price like in dollars.So basically in USA game cost 50$ while in europe it's 50 EUR always.But again gaming industry is strong and organized industry while we are...Well you know.
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04-20-2011, 05:40 AM | #28 |
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that is bad for Europe... now we will have economical crisis again...
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04-20-2011, 05:44 AM | #29 |
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depends where you are in Europe, Germany is looking good, most of Western-Europe actually is bouncing back quite good
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04-20-2011, 05:47 AM | #30 | |
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Good luck with that.
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04-20-2011, 05:49 AM | #31 |
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Lol that will never happen.It can lose on their value,but they will never crash.
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04-20-2011, 05:50 AM | #32 |
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i hate when that happens :-/
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04-20-2011, 05:56 AM | #33 |
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04-20-2011, 06:01 AM | #34 |
Ah My Balls
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Don't worry Big Ben said it is only temporary. You know the same guy that said the economy was great.
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04-20-2011, 06:11 AM | #35 |
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Just got off the phone with a friend that I have had for over 40+ years. He is BIG BIG BIG in the rare coin, bullion, currency markets. He writes articles for many major publications including the WSJ, Coin World, Numismatic News and many others. His business, here in Michigan, does over $1,000,000.00 a week in gold, silver, scrap metal, rare coins, rare currency etc etc. He said that Silver will easily reach $75+++ and ounce by the end of this year. Reason is multiple but includes piss poor economy here in the States, ever increasing debt by Obama, lack of faith in the U. S. dollar, unemployment, business failures, bankrupcies on the increase, etc etc etc.
I believe he is right on target. Even though he does not like him he said the best thing right now, on the political scene, is Donald Trump. Many people hate him but he believes that Trump will make some astounding decisions that Obama wouldn't even consider that will help the U. S. get out of foreign dependece. Oil, manufacturing, jobs, international trade among some of them. Really going to be an interesting election coming up. The fur will really fly I believe more so that in previous elections. The U. S. needs a HUGE makeover IMHO. Peace to all. |
04-20-2011, 06:24 AM | #36 | |
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people have lost connection with reality, they are betting on the worst possible scenario to bolster their bullion but they somehow don't equate this with world financial disaster and the real repercussions therein.
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04-20-2011, 06:33 AM | #37 |
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I'm lucky if I get 93 cents on every dollar here in Canada
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04-20-2011, 06:46 AM | #38 |
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SERIOUSLY?!? You are that clueless?
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04-20-2011, 06:48 AM | #39 | |
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04-20-2011, 06:55 AM | #40 |
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You could be right ... only time will tell. I was stupid enough to vote for Obama believing his Hope & Change preachings. How wrong I was there.
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04-20-2011, 07:04 AM | #41 | |
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Hello North American UNION...the AMERO is coming |
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04-20-2011, 07:17 AM | #42 |
It's 42
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Sell in Dollars but get Paid in their Euro Values
We have almost 500 models that offer a private show price of 0.99/min for customers buying in $USD. |
04-20-2011, 07:19 AM | #43 |
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It was 1.3 last time I went to Europe a few years ago, guess I'm gonna wait too..
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04-20-2011, 07:21 AM | #44 |
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yeah and we get double hit, because the Czech Kronen is not only doing better than the dollar, but also better than the euro
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04-20-2011, 07:24 AM | #45 |
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not the same Ben who helped create this mess I hope
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04-20-2011, 07:24 AM | #46 | |
<&(©¿©)&>
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04-20-2011, 07:29 AM | #47 | |
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the guy is clueless on most issues, I mean his tarif idea alone is insanity + the dumb look on his face when they asked about privacy in the context of Roe vs Wade was just priceless if there's a billionaire who could maybe change things for the better (doubt Trump is even a billionaire after he pays his debts) it would be Bloomberg
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04-20-2011, 07:33 AM | #48 | |
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04-20-2011, 07:36 AM | #49 |
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perhaps its only temporary..hopefully America doesn't decline totally and evens out somewhere.
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04-20-2011, 07:49 AM | #50 |
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I knew there would already be a thread about this today, I just got back from the bank.
I got .928700 CAD per USD, and it only cost me 15-20 in gas to get there and back.. . #winning
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