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Originally Posted by Lenny2
Hey genius, I don't even need a graph, it's this fucking simple.
I'll try to type S-L-O-W-L-Y so you can keep up.
The Euro was introduced at $1.17 usd.
Today, several years later it's worth $1.26
9 cents in over 4 years....WOW the Euro really kicked the dollar's ass huh?
If you call that the dollar going into the toilet then you have a very fucked up definition of a currency going down the toilet.
And even IF the dollar is sliding, that can be a very good thing for the U.S. economy considering our trade imbalance and dependance on foreign oil.
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Your not even close to understanding what I'm saying sadly
Unfortunetly I do not have a graph to prove my point so I'm just gonna have to post facts instead
The dollars value since 2001
http://www.x-rates.com/d/GBP/USD/hist2001.html
Jan 2001 $1 = 0.676896 GBP
http://www.x-rates.com/d/GBP/USD/hist2006.html
Jan 2006 $1 = 0.566481 GBP
2001 - Canadian Dollars to 1 USD
http://www.x-rates.com/d/CAD/USD/hist2001.html
Jan 2001 $1 = 1.5032 CAD
http://www.x-rates.com/d/CAD/USD/hist2006.html
Jan 2001 $1 = 1.15788 CAD
Yes your right, the dollars worth more now than it was in 2001 NOT
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Originally Posted by Lenny2
And even IF the dollar is sliding, that can be a very good thing for the U.S. economy considering our trade imbalance and dependance on foreign oil.
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It ONLY remains a good thing as long as oil is ONLY sold in dollars, if oil starts to be sold in euros on a big enought scale your economy is completely FUCKED !
Back in 45 mins after the second half !