If you didn't do it already, switch all your US Dollar accounts over to Euros right now..
Don't say I have not warned you!!!
Don't say I have not warned you!!!
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if you switch now wouldn't you lose too much on the exchange rate ?
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I wish there was an easy way to do this. Maybe there is and I just don't know about it. I would like to just press a button on my bank's website that converted it from USD to whatever.
I was looking at savings account options today that are better than my local bank. Washington Mutual is 4% if you get a free checking account also, which appears to be really good since there isn't a minimum balance. INGdirect and HSBCdirect don't look bad either. Do any of these have foreign currency savings?Comment
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Not sure what the point is about "American Empire" but there is increasing talk of a G7 currency intervention. Morgan and Goldman analysts wrote about this in the past week.
For those old enough to remember (or just look it up) the Plaza Accord was quite successful in depreciating the dollar and the Louvre Accord was quite successful in reversing the Plaza Accord results. Today might be different. Difficult to tell.
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If you can, open an account in another country...
The Nazi Patriot Act introducing filters in banks to prevent people from switching over to Euros, will make it difficult for any US Citizen to do this.
Between 2009 and 2010, any Major OIL Exporter in the world, will be selling OIL in Euros, and when this happens, the Crude Oil Barrel will be worth 200 dollars.
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You better Hope that it does not "fall".
Look at the world markets because today. All down for the most part because of an announcment of a buy out in the US.PornGuy skype me pornguy_epic
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No doubt one may quote history to support any cause, as the devil quotes scripture.
-- Learned Hand
http://www.bjpenn.comComment
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Yeah, people forget that the US imports almost $2 trillion worth of goods a year from the world. That's more than double what any other country imports. When the US hurts it will import less goods and other countries suffer accordingly. The US buys food, cars, oil, computers, cell phones, medicine, toys and so on from the rest of the world.
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I already did it long time ago.Comment
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All you guys taking pleasure in the falling US economy remember, your country is just another domino.Comment
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Just like Rome - we fell asleep when we got spoiled.Comment
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buy PesosIn November, you can vote for America's next president or its first dictator.Comment
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You guys are overreacting. We'll take our lumps, pay for the previous excesses and then start some new ones same as always. 74 sucked but life went on. 80 sucked but life went on. 82 sucked but life went on. And of course the great Depression. The Panic of 07. Some really nasty ones in the 19th century.
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This is so patently untrue, its like a guy walking in the sheep shed and going, you know, I slaughter you, I fleece you, the day I'm dead what will become of you?
Well one of two things. Either someone else will be eating all the stuff they make, or nobody will and they'll breathe easier.Comment
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It's disgusting to know that there are spectators who really wish that $$$ fall when it surely affects great part of the world! This is pathetic!
~Accepting design works~ Comment
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It really is pathetic! Economy will reactivate when no more money is spent on stupid wars, so sit tight and buy some euros 'cause we'll have wars for a long time I think.Comment
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So if the US "disappeared" china would be just fine because they would just stop producing all the goods the US bought from them or someone else would buy the goods? Just not true. The US is the world's largerst importer by far and that is why it hurts most of the world when the US economy suffers.
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Buying Euros was a good idea a couple years ago. Buying them now is just stupid. Ever heard of sell high, buy low? Come on guys, basic economics.Comment
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I am still trying to figure out why other countries take pleasure in downing America in any way shape or form they can.
Awright then enjoy your fucken dictators, enjoy your theocracies, and kingships, and have a nice taste of communism while yer at it.
Just remember if America falls you all fucking fall. There would be no UN, there would be no stopping of genecides, oppression and lawlessness in the world, latgely because your pussy ass governments do not do a fucking thing and at the present time Pay america to do what it does.
When thats over what then?
Why shit enjoy your new gods forced on you while you are at it and get yourself a fucken Koran.Last edited by AlienQ - BANNED FOR LIFE; 03-17-2008, 12:04 PM.
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this will suck even worst for Canada aswell, Whos gonna buy our bacon now?Comment
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While yer at it lets see...
Half the worlds oil would not be bought, fuck the worlds food supply while you are at it also, fact is United States feeds the world to this day with huge food exports. Not only that we give food away in far more amounts than any other country in the fucking world.
Ya want global starvation? Thats millions more people dieing every year for lack of food.
What has your fucked up third world country done today besides get on the anti American bandwagon?
Do most of you even got a real idea why you are anti American?
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Dollars tough to sell on streets of Amsterdam
Mon Mar 17, 12:17 PM ET
AMSTERDAM (Reuters) - The U.S. dollar's value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands.
"Our dollar is worth maybe zero over here," said Mary Kelly, an American tourist from Indianapolis, Indiana, in front of the Anne Frank house. "It's hard to find a place to exchange. We have to go downtown, to the central station or post office."
That's because the smaller currency exchanges -- despite buy/sell spreads that make it easier for them to make money by exchanging small amounts of currency -- don't want to be caught holding dollars that could be worth less by the time they can sell them.
The dollar hovered near record lows on Monday, with one euro worth around $1.58 versus $1.47 a month ago.When choosing between two evils, I always like to try the one I’ve never tried before.Comment
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relax budddyCompound interest.Comment
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isnt the Euro fiat too?
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http://www.reuters.com/article/busin...29534420080317
As I said, basic economics. Europe and Japan won't let the dollar go much farther down.Comment
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In other news, Japan gives giant robotic horse to NYC as a gift.Comment
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Nick "Meeper" Amoroso
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The Economic Impact of a U.S. Slowdown on the Americas
http://www.cepr.net/documents/public...as_2008_02.pdf
Conclusion
The United States is currently running a trade deficit that virtually all economists recognize to be
unsustainable. At some point, the United States will have to move towards a more sustainable situation,
which implies increased exports and reduced imports. An economic recession such as the one that the U.S.
economy appears to be entering now is likely to play a role in that adjustment process. Plausible estimates
suggest that any such adjustment process is likely to have a substantial impact on the economies of the
U.S. trading partners, especially Canada, Mexico, and the countries in the Caribbean and Central America.
The reduction in exports from these countries to the United States will be large relative to the size of their
economies. Unless declines in these exports are offset by some other source of demand, in the worst case,
the falloff in exports to the United States could be sufficient to push some economies into recessions of
their own. Growth in both Canada and Mexico, for example, slowed sharply in 2001, during the last U.S.
recession, with real GDP growth in Mexico slipping to zero for that year. The last U.S. recession was
relatively short (March to November 2001) and mild in terms of lost output. The next (possibly current)
recession in the United States will likely be worse.4
The countries that will likely suffer most as the result of a reduction in U.S. imports are the same countries
with which the United States has implemented ?free trade? agreements in recent decades, including the
North American Free Trade Agreement (NAFTA) between the United States, Canada, and Mexico, and
the Dominican Republic-Central America Free Trade Agreement, DR-CAFTA, which includes the United
States along with Guatemala, El Salvador, Costa Rica, Nicaragua, Honduras, and the Dominican Republic.
Meanwhile, countries that are less dependent on the United States, or more reliant on domestic demand,
will see smaller impacts of the U.S. recession on their exports and national GDP.
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