What the hell is up with the American Dollar?

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  • NoWhErE
    Too lazy to set a custom title
    • Sep 2005
    • 10588
    #1

    What the hell is up with the American Dollar?

    Holy shit, I knew the dollar was going down, but today I go to transfer Paypal funds to my bank account and they are giving me 1.03$... thats total shit! Soon the dollar will be on-par!!

    There go my days of having a bonus from getting paid in American Dollars
    skype: lordofthecameltoe
    Tags: None
    • Jimmy Rock
      Confirmed User
      • Feb 2005
      • 3055
      #2
      Ha at least your getting it that way, My girlfriend is in Germany right now modeling and everytime she takes 100 Euros out of the ATM they take out 148 dollars US, our dollar isn't worth shit right now
      Jimmy Rock | ICQ: 285 748 329
      [email protected]

        Comment

        • Jimmy Rock
          Confirmed User
          • Feb 2005
          • 3055
          #3
          Ha at least your getting it that way, My girlfriend is in Germany right now modeling and everytime she takes 100 Euros out of the ATM they take out 148 dollars US, our dollar isn't worth shit right now
          Jimmy Rock | ICQ: 285 748 329
          [email protected]

            Comment

            • ADL Colin
              Too lazy to set a custom title
              • Feb 2001
              • 11929
              #4
              Money supply, interest rates, current account, speculation. Take your pick.


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                • NoWhErE
                  Too lazy to set a custom title
                  • Sep 2005
                  • 10588
                  #5
                  Originally posted by Jimmy Rock
                  Ha at least your getting it that way, My girlfriend is in Germany right now modeling and everytime she takes 100 Euros out of the ATM they take out 148 dollars US, our dollar isn't worth shit right now
                  Ouch thats pretty steep!
                  skype: lordofthecameltoe

                    Comment

                    • _Richard_
                      Too lazy to set a custom title
                      • Oct 2006
                      • 30989
                      #6
                      there is talk about lowering the worth of the cdn dollar isn't there?

                        Comment

                        • tranza
                          ICQ: 197-556-237
                          • Jun 2003
                          • 57559
                          #7
                          I hear you..... I couldn't be more sad about this too....
                          I'm just a newbie.

                            Comment

                            • Pipecrew
                              Master of Gfy.com
                              • Feb 2002
                              • 14888
                              #8
                              4 years ago it was 1.60 this 1.03 is disgusting.

                                Comment

                                • NoWhErE
                                  Too lazy to set a custom title
                                  • Sep 2005
                                  • 10588
                                  #9
                                  Its fucking ridiculous! On the other hand, it might be a good time to exchange your CAD money for USD and wait for it to go up. But don't take my work on it since I don't know shit about foreign currency
                                  skype: lordofthecameltoe

                                    Comment

                                    • LadyMischief
                                      Orgasms N Such!
                                      • Sep 2002
                                      • 18135
                                      #10
                                      The dollar sucks

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                                        • cool1
                                          sex is good
                                          • Sep 2001
                                          • 24939
                                          #11
                                          ya it has been bad for the last couple of years

                                            Comment

                                            • Dollarmansteve
                                              Confirmed User
                                              • May 2005
                                              • 2849
                                              #12
                                              American monetary policy shifted away from a 'strong dollar' stance a loooong time ago (more than 5 yrs ago), this is the unwinding of about 25 years worth of that strong dollar policy. Just take a peek at the US current account deifict, and the accumulated current account debt.. and it begins to make sense.
                                              I died.

                                                Comment

                                                • The Duck
                                                  Adult Content Provider
                                                  • May 2005
                                                  • 18243
                                                  #13
                                                  I hear you, the dollar is fucking up my economy. Really bad exchange rates.
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                                                    • fluffygrrl
                                                      So Fucking Banned
                                                      • May 2006
                                                      • 2187
                                                      #14
                                                      Originally posted by Dollarmansteve
                                                      American monetary policy shifted away from a 'strong dollar' stance a loooong time ago (more than 5 yrs ago)
                                                      About the time the US started their slow decline into irrelevancy.

                                                        Comment

                                                        • BradM
                                                          Confirmed User
                                                          • Dec 2003
                                                          • 3397
                                                          #15

                                                            Comment

                                                            • Snake Doctor
                                                              I'm Lenny2 Bitch
                                                              • Mar 2001
                                                              • 13449
                                                              #16
                                                              The dollar being down against other currencies combined with benign inflation in the states is VERY VERY good for the U.S. consumer and overall economy.
                                                              sig too big

                                                                Comment

                                                                • darling2
                                                                  Confirmed User
                                                                  • Jul 2006
                                                                  • 345
                                                                  #17
                                                                  I'm really hurt by the exchange rate. I hope when the warmongering is over with that the dollar will be strong again.

                                                                    Comment

                                                                    • p1mpdogg
                                                                      Too lazy to set a custom title
                                                                      • Nov 2002
                                                                      • 16714
                                                                      #18
                                                                      its funny to see how much people really rely on america and still talk shit aobut us..

                                                                      morons

                                                                      every country that isnt USA is a 3rd world country IMO
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                                                                        • Subtle
                                                                          Confirmed User
                                                                          • Jun 2007
                                                                          • 2005
                                                                          #19
                                                                          How true! Is USA economy going down???

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                                                                            • darling2
                                                                              Confirmed User
                                                                              • Jul 2006
                                                                              • 345
                                                                              #20
                                                                              Originally posted by p1mpdogg
                                                                              its funny to see how much people really rely on america and still talk shit aobut us..

                                                                              morons

                                                                              every country that isnt USA is a 3rd world country IMO
                                                                              how many countries have you been to?

                                                                                Comment

                                                                                • ADL Colin
                                                                                  Too lazy to set a custom title
                                                                                  • Feb 2001
                                                                                  • 11929
                                                                                  #21
                                                                                  Originally posted by Subtle
                                                                                  How true! Is USA economy going down???
                                                                                  No, the dollar is going down.


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                                                                                    • baddog
                                                                                      So Fucking Banned
                                                                                      • Apr 2001
                                                                                      • 107089
                                                                                      #22
                                                                                      hmmm . . . I still get $1 for mine.

                                                                                        Comment

                                                                                        • darling2
                                                                                          Confirmed User
                                                                                          • Jul 2006
                                                                                          • 345
                                                                                          #23
                                                                                          Originally posted by baddog
                                                                                          hmmm . . . I still get $1 for mine.
                                                                                          But your french wine, imported cars and chinese consumer goods will be getting more expensive for you.

                                                                                            Comment

                                                                                            • Andiz
                                                                                              Confirmed User
                                                                                              • Feb 2006
                                                                                              • 2594
                                                                                              #24
                                                                                              Originally posted by p1mpdogg
                                                                                              its funny to see how much people really rely on america and still talk shit aobut us..

                                                                                              morons

                                                                                              every country that isnt USA is a 3rd world country IMO


                                                                                              You guys run on the money from other countries....

                                                                                                Comment

                                                                                                • Phoenix
                                                                                                  BACON BACON BACON
                                                                                                  • Nov 2002
                                                                                                  • 35475
                                                                                                  #25
                                                                                                  sucks bigtime
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                                                                                                    • Snake Doctor
                                                                                                      I'm Lenny2 Bitch
                                                                                                      • Mar 2001
                                                                                                      • 13449
                                                                                                      #26
                                                                                                      Originally posted by darling2
                                                                                                      But your french wine, imported cars and chinese consumer goods will be getting more expensive for you.
                                                                                                      Right, which means that California wine, Detroit cars, and American made consumer goods will be cheaper for us.

                                                                                                      Sure it sucks for people who live in Canada and the EU who make most of their money from American companies, but for American companies and consumers this is good news.
                                                                                                      sig too big

                                                                                                        Comment

                                                                                                        • darling2
                                                                                                          Confirmed User
                                                                                                          • Jul 2006
                                                                                                          • 345
                                                                                                          #27
                                                                                                          Originally posted by Lenny2
                                                                                                          Right, which means that California wine, Detroit cars, and American made consumer goods will be cheaper for us.

                                                                                                          Sure it sucks for people who live in Canada and the EU who make most of their money from American companies, but for American companies and consumers this is good news.
                                                                                                          Nope, actually they will get more expensive as well in $ amounts that is because when demand for domestic good increases the price increases as well.

                                                                                                          (even though they will be relatively cheaper than the imported stuff)

                                                                                                            Comment

                                                                                                            • darling2
                                                                                                              Confirmed User
                                                                                                              • Jul 2006
                                                                                                              • 345
                                                                                                              #28
                                                                                                              ... Sure it is better for domestic manufacturers, but American consumers pay for it in the end through higher inflation.

                                                                                                                Comment

                                                                                                                • sacX
                                                                                                                  Confirmed User
                                                                                                                  • Dec 2002
                                                                                                                  • 2998
                                                                                                                  #29
                                                                                                                  Originally posted by Lenny2
                                                                                                                  Right, which means that California wine, Detroit cars, and American made consumer goods will be cheaper for us.

                                                                                                                  Sure it sucks for people who live in Canada and the EU who make most of their money from American companies, but for American companies and consumers this is good news.
                                                                                                                  No, it means Californian wine and Detroit cars will be cheaper for foreigners.
                                                                                                                  Have Asian Language Traffic?

                                                                                                                    Comment

                                                                                                                    • fluffygrrl
                                                                                                                      So Fucking Banned
                                                                                                                      • May 2006
                                                                                                                      • 2187
                                                                                                                      #30
                                                                                                                      Originally posted by Lenny2
                                                                                                                      Sure it sucks for people who live in Canada and the EU who make most of their money from American companies, but for American companies and consumers this is good news.
                                                                                                                      As an exercise, name ONE american company.

                                                                                                                        Comment

                                                                                                                        • sacX
                                                                                                                          Confirmed User
                                                                                                                          • Dec 2002
                                                                                                                          • 2998
                                                                                                                          #31
                                                                                                                          Originally posted by fluffygrrl
                                                                                                                          As an exercise, name ONE american company.
                                                                                                                          well it's good for companies that earn the bullk of their earnings overseas, companies like Proctor and Gamble, GE, MSFT, Google.
                                                                                                                          Have Asian Language Traffic?

                                                                                                                            Comment

                                                                                                                            • baddog
                                                                                                                              So Fucking Banned
                                                                                                                              • Apr 2001
                                                                                                                              • 107089
                                                                                                                              #32
                                                                                                                              Originally posted by darling2
                                                                                                                              But your french wine, imported cars and chinese consumer goods will be getting more expensive for you.
                                                                                                                              California wines are perfect, I would never buy French. I drive American cars and bikes. I don't recall the last time I bought something made in China

                                                                                                                                Comment

                                                                                                                                • ZoneMaster
                                                                                                                                  Registered User
                                                                                                                                  • Jun 2007
                                                                                                                                  • 80
                                                                                                                                  #33
                                                                                                                                  Originally posted by Lenny2
                                                                                                                                  Right, which means that California wine, Detroit cars, and American made consumer goods will be cheaper for us.

                                                                                                                                  Sure it sucks for people who live in Canada and the EU who make most of their money from American companies, but for American companies and consumers this is good news.
                                                                                                                                  Why would goods manufactured/assembled in the US be cheaper?? The only advantage in that is it prob helps keep unemployment stats down, tho at higher labor cost. Example.. the car industry relies on imported raw material - paid for at high cost by low value dollars. If there were cars actually being exported, that would be another story - but it's not the case. The balance of trade has been running at a deficit for decades.
                                                                                                                                  Last edited by ZoneMaster; 06-20-2007, 01:59 PM.

                                                                                                                                    Comment

                                                                                                                                    • Andiz
                                                                                                                                      Confirmed User
                                                                                                                                      • Feb 2006
                                                                                                                                      • 2594
                                                                                                                                      #34
                                                                                                                                      Originally posted by baddog
                                                                                                                                      California wines are perfect, I would never buy French. I drive American cars and bikes. I don't recall the last time I bought something made in China


                                                                                                                                      Quote of the day......!

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                                                                                                                                        • stev0
                                                                                                                                          Confirmed User
                                                                                                                                          • Aug 2003
                                                                                                                                          • 6801
                                                                                                                                          #35
                                                                                                                                          Originally posted by p1mpdogg
                                                                                                                                          its funny to see how much people really rely on america and still talk shit aobut us..

                                                                                                                                          morons

                                                                                                                                          every country that isnt USA is a 3rd world country IMO
                                                                                                                                          Don't travel much eh?

                                                                                                                                            Comment

                                                                                                                                            • stev0
                                                                                                                                              Confirmed User
                                                                                                                                              • Aug 2003
                                                                                                                                              • 6801
                                                                                                                                              #36
                                                                                                                                              Originally posted by Lenny2
                                                                                                                                              The dollar being down against other currencies combined with benign inflation in the states is VERY VERY good for the U.S. consumer and overall economy.
                                                                                                                                              Simple economics, inflation will go up... The US economy relies on products from other countries, if your dollar is worth less then you'll be paying more.

                                                                                                                                                Comment

                                                                                                                                                • Nicky
                                                                                                                                                  Too lazy to set a custom title
                                                                                                                                                  • Mar 2003
                                                                                                                                                  • 30071
                                                                                                                                                  #37
                                                                                                                                                  I get 30% less for the US $ now than I did 3 years ago

                                                                                                                                                  gfynicky @ gmail.com

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                                                                                                                                                    • woj
                                                                                                                                                      <&(©¿©)&>
                                                                                                                                                      • Jul 2002
                                                                                                                                                      • 47880
                                                                                                                                                      #38
                                                                                                                                                      Originally posted by fluffygrrl
                                                                                                                                                      About the time the US started their slow decline into irrelevancy.
                                                                                                                                                      We are all in the same boat, if US sinks, so will everyone else...
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                                                                                                                                                        • Dvae
                                                                                                                                                          Confirmed User
                                                                                                                                                          • Feb 2005
                                                                                                                                                          • 5326
                                                                                                                                                          #39
                                                                                                                                                          Originally posted by NoWhErE
                                                                                                                                                          Holy shit, I knew the dollar was going down, but today I go to transfer Paypal funds to my bank account and they are giving me 1.03$... thats total shit! Soon the dollar will be on-par!!

                                                                                                                                                          There go my days of having a bonus from getting paid in American Dollars
                                                                                                                                                          Speaking of wine, grab a hunk of cheese to go along with it.
                                                                                                                                                          Jeese, get over it!

                                                                                                                                                          .
                                                                                                                                                          .

                                                                                                                                                          Arguing with a troll is a lot like wrestling in the mud with a pig, after a couple of hours you realize the pig likes it.

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                                                                                                                                                            • Jman
                                                                                                                                                              Already an AI veteran
                                                                                                                                                              • Sep 2003
                                                                                                                                                              • 22834
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by p1mpdogg
                                                                                                                                                              its funny to see how much people really rely on america and still talk shit aobut us..

                                                                                                                                                              morons

                                                                                                                                                              every country that isnt USA is a 3rd world country IMO
                                                                                                                                                              So Canada, UK and China are 3rd world countries....

                                                                                                                                                              Can you say Morons again, it makes me smile when you say it Trey
                                                                                                                                                              Orkestrait NSFW AI
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                                                                                                                                                                • wdforty
                                                                                                                                                                  Confirmed User
                                                                                                                                                                  • Jul 2004
                                                                                                                                                                  • 1824
                                                                                                                                                                  #41
                                                                                                                                                                  Same story in Australia.. one AUD buys US 84 cents. I remember when it used to be around the 65 cent mark
                                                                                                                                                                  icq 157542142

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                                                                                                                                                                    • tehHinjew
                                                                                                                                                                      Confirmed User
                                                                                                                                                                      • Sep 2006
                                                                                                                                                                      • 5755
                                                                                                                                                                      #42
                                                                                                                                                                      i went to the bank to deposit a TCG check today and my heart cried a little bit..
                                                                                                                                                                      good thing i opend up a US account so it just sits there

                                                                                                                                                                      Hot Porn Wanna trade? email me at wanker (@) wanknation dot com

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                                                                                                                                                                        • Drake
                                                                                                                                                                          Hello world!
                                                                                                                                                                          • Mar 2003
                                                                                                                                                                          • 12508
                                                                                                                                                                          #43
                                                                                                                                                                          For how long will it stay this way :-(

                                                                                                                                                                          Who wants to travel to Europe if it's going to cost 50&#37; extra for everything you buy.

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                                                                                                                                                                            • SPACE GLIDER
                                                                                                                                                                              Confirmed User
                                                                                                                                                                              • Oct 2006
                                                                                                                                                                              • 1550
                                                                                                                                                                              #44
                                                                                                                                                                              Originally posted by Mike33
                                                                                                                                                                              For how long will it stay this way :-(

                                                                                                                                                                              Who wants to travel to Europe if it's going to cost 50% extra for everything you buy.
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                                                                                                                                                                                • Jaeger
                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                  • Sep 2003
                                                                                                                                                                                  • 567
                                                                                                                                                                                  #45
                                                                                                                                                                                  Originally posted by wdforty
                                                                                                                                                                                  Same story in Australia.. one AUD buys US 84 cents. I remember when it used to be around the 65 cent mark
                                                                                                                                                                                  Dude im from Australia, and i got in this so long ago that i remember when it was around the 58 mark, that was about 4-5 years ago.

                                                                                                                                                                                  Now my bank is giving me 86 cents

                                                                                                                                                                                  Combined with less and less sales and such a fucked up exchange im beginning to think this isnt worth it..

                                                                                                                                                                                  By the way, we should get paid in euros that would stop the USD problem!
                                                                                                                                                                                  been in this industry since 2002.. gettin' too old for this shit..

                                                                                                                                                                                    Comment

                                                                                                                                                                                    • wdforty
                                                                                                                                                                                      Confirmed User
                                                                                                                                                                                      • Jul 2004
                                                                                                                                                                                      • 1824
                                                                                                                                                                                      #46
                                                                                                                                                                                      Originally posted by Jaeger
                                                                                                                                                                                      By the way, we should get paid in euros that would stop the USD problem!
                                                                                                                                                                                      That'd be nice!
                                                                                                                                                                                      icq 157542142

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                                                                                                                                                                                        • ZoneMaster
                                                                                                                                                                                          Registered User
                                                                                                                                                                                          • Jun 2007
                                                                                                                                                                                          • 80
                                                                                                                                                                                          #47
                                                                                                                                                                                          Originally posted by Jaeger
                                                                                                                                                                                          By the way, we should get paid in euros that would stop the USD problem!
                                                                                                                                                                                          That will come to pass

                                                                                                                                                                                            Comment

                                                                                                                                                                                            • Snake Doctor
                                                                                                                                                                                              I'm Lenny2 Bitch
                                                                                                                                                                                              • Mar 2001
                                                                                                                                                                                              • 13449
                                                                                                                                                                                              #48
                                                                                                                                                                                              Boy there are some real morons here (like that's shocking or something)

                                                                                                                                                                                              No way I can reply to each idiotic post individually, so I'll just say this.

                                                                                                                                                                                              Inflation in the U.S. is next to nothing, the cost of the average basket of goods for the U.S. consumer hasn't changed, so why should we give a flying fuck how many dollars equals a euro?

                                                                                                                                                                                              IF we have an inflation problem then the U.S. consumer should worry about a "weak dollar", otherwise it doesn't matter to us.

                                                                                                                                                                                              If the dollar is weak against other currencies it means that U.S. produced goods are cheaper for foreigners to buy AND it means that those same goods are cheaper (relatively speaking) for U.S. consumers to buy.
                                                                                                                                                                                              All of that IS GOOD NEWS for the average American.
                                                                                                                                                                                              sig too big

                                                                                                                                                                                                Comment

                                                                                                                                                                                                • ZoneMaster
                                                                                                                                                                                                  Registered User
                                                                                                                                                                                                  • Jun 2007
                                                                                                                                                                                                  • 80
                                                                                                                                                                                                  #49
                                                                                                                                                                                                  Originally posted by Lenny2
                                                                                                                                                                                                  Inflation in the U.S. is next to nothing, the cost of the average basket of goods for the U.S. consumer hasn't changed, so why should we give a flying fuck how many dollars equals a euro?
                                                                                                                                                                                                  So magically a weak dollar trying to purchase imported product from China, Japan and the EU has no effect whatsoever on the average US person? That's a unique concept.

                                                                                                                                                                                                  Originally posted by Lenny2
                                                                                                                                                                                                  IF we have an inflation problem then the U.S. consumer should worry about a "weak dollar", otherwise it doesn't matter to us.
                                                                                                                                                                                                  Inflation and a weak dollar are totally different subjects. Keeping to the thread subject - a weak dollar means more purchasing cost on imported product. Trust me - Wallmart know this well.

                                                                                                                                                                                                  Originally posted by Lenny2
                                                                                                                                                                                                  If the dollar is weak against other currencies it means that U.S. produced goods are cheaper for foreigners to buy AND it means that those same goods are cheaper (relatively speaking) for U.S. consumers to buy.
                                                                                                                                                                                                  All of that IS GOOD NEWS for the average American.
                                                                                                                                                                                                  Correct - it's fair to say a weak dollar should encourage an increase in exports. However, that is not happening in practice and the trade deficit has been a total failure for decades.

                                                                                                                                                                                                  The basic problem, with exceptions, is that US consumption level far exceeds the ability to manufacture/export at competitive prices and this has been the case for roughly three decades. To support current consumption loans are being granted from other nations with China being the main lender of roughly 30% of loans.

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                                                                                                                                                                                                    • jonesonyou
                                                                                                                                                                                                      Confirmed User
                                                                                                                                                                                                      • Sep 2003
                                                                                                                                                                                                      • 3853
                                                                                                                                                                                                      #50
                                                                                                                                                                                                      the fall of the empire.

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