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Old 10-17-2010, 02:00 AM  
Paul Markham
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Join Date: Jun 2001
Location: On the sofa, watching TV or doing my jigsaws.
Posts: 52,943
Quote:
Originally Posted by baddog View Post
I'm sorry. I did not vote for him. Just a hint, it is going to get worse before it gets better.
Under Clinton (Democrat) we were getting 35 CZK to the $
Under Bush it dropped to 15 CZK
Under Obama it climbed to 20 and now falling again to 17

Economics and exchange rate depend largely on what a country produces and exports against imports. For decades the US has been sucking in billions more than it exported. Largely supported by banking and finances. Now the banks fucked up.

It's going to get worse and worse, not better.

Quote:
Originally Posted by Sausage View Post
Haha Cheques in Aus are a freaking joke.

$15 per check (cheque) is a bargain here it seems
When we first came here all our payments were in cheques. In fact I never got paid any other way in B2B. Never gave it a second thought that the bank charged 1% on a $5,000 cheque. Now we get a few small ones. Last month a $300 cost $15 to clear (5%)

There was always money in the bank, so 6 weeks to clear was no problem.

When I was in the UK running a porn mail order business, cheques could be as small as $30. Normally there was a minimum on clearing a cheque. I negotiated an over all rate. People moaning about the cost of clearing cheques reveal the size and number of cheques they receive.
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