Dollar going down AGAIN

[TheMaster]

BRING BACK CLINTON or any Democrat for that matter

getting used to having to deduct 20% from my revenue (dollar to euro), then came 25% and we are back on our way again to having to deduct 33%

Republicans are BAD for US economy: the last 3: Reagan, Bush & Bush Jr have done so much harm to your economy, not even getting into the fact that they have been trying eradicate the middle class

[dunefield]

YUP! Things were good here when the dollar was .50 now it's like .78 which majorly sucks

[TheMaster]

remember a couple of months after the launch of the euro, the euro was down 33%, pitty I wasn't making any real money back then

keep hearing people say the dollar is going to 50% of the euro, anyone think this might happen?
what will happen to the dollar, when the Bank of Japan increases the buying euros instead of dollars?

[nba4life2k]

hopefully the dollar picks up soon.

ALL HAIL THE ALMIGHTY DOLLAR

[jesse_adultdatingdollars]

I am not crazy about Hillary Clinton, but she will be the closest thing to getting Bill back in the white house we can get. So if the dems put her in to run in 2008, she will have my vote.

[scotty2hotty1111]

I am not crazy about Hillary Clinton, but she will be the closest thing to getting Bill back in the white house we can get. So if the dems put her in to run in 2008, she will have my vote.

yeah my vote also

[TheMaster]

4 dems I like:

Dean, Clark, Boxer & Albright (hey, if they amend for Arnold, they should put Madeline forward, she's one classy lady and will get everyone respect worldwide)

off course none of them will make it

[TheMaster]

is there any currency against which the dollar has gone up?

[Ace_luffy]

i think US is better conversation than philippines.....

[TheMaster]

i think US is better conversation than philippines.....

probably also Albania (no disrespect to the Philippines, but these are countries that have to whore themselves to foreign "investors", they get buttfucked in the long run and are only paid for a blowjob)

[Lazonby]

The US economy is far stronger now than it was when Clinton handed it over to Bush, but don't let things like facts get in the way of your rant.

[Webby]

remember a couple of months after the launch of the euro, the euro was down 33%, pitty I wasn't making any real money back then

keep hearing people say the dollar is going to 50% of the euro, anyone think this might happen?
what will happen to the dollar, when the Bank of Japan increases the buying euros instead of dollars?

The dollar is (or was a few months ago) 40% down over the Euro since 2001 ish. Sure, no doubts it will end up 50% of the Euro - it's only a matter of time.

Prob the main "threat" to the dollar is the billions held by the Central Bank of China. China has already been "subtley" dumping dollars and has recent declared they want to dump a lot more if the value cannot be sustained.

The core problem is internal in that there is no fiscal policy of any substance, a constant deficit in balance of payments and only two areas where there are trade surpluses - wheat and arms. At the same time there is constant daily borrowings from other nations - $2-4 bill daily from the Central Bank of China alone. The US is living beyond it's means and is not sustainable - and will show in currency exchange.

[TheMaster]

The US economy is far stronger now than it was when Clinton handed it over to Bush, but don't let things like facts get in the way of your rant.

yes, keep telling yourself that GOP line over AND over again

how many jobs lost?
(trade) deficits?
how many more people without health care?

A WEAK CURRENCY IS NOT A GOOD SIGN, especially when you mostly import your consumer products, they tend to become more expensive

it also seems that this summer many Americans upted to vacation closer to home than they would other years, because of the high oil prices, so say again how normal Americans are better off?

it's not because some companies have record gains, that the economy is healthy

[TheMaster]

Prob the main "threat" to the dollar is the billions held by the Central Bank of China. China has already been "subtley" dumping dollars and has recent declared they want to dump a lot more if the value cannot be sustained.

oh fuck, knew Japan was doing it, if China goes that way, the dollar is doomed, so the Communists will win in the end (seriously I would never call China communist)

[mikeyddddd]

The US economy is far stronger now than it was when Clinton handed it over to Bush, but don't let things like facts get in the way of your rant.

Things started going to shit as soon as Bush was elected, so things worsened before Clinton left office because everyone knew Dubya was going to fuck up the economy.

On a happy note, gas prices are now going down before the election, so the stock market should improve. If the Democrats make some major gains in the election, it will recover even more.

[Webby]

oh fuck, knew Japan was doing it, if China goes that way, the dollar is doomed, so the Communists will win in the end (seriously I would never call the China communist)

I never knew Japan was at it as well.

And agree... China may be a communist country, but sure as hell has very strong capitalist leanings - and full plans to continue in that direction.

China also has the "bankers problem" - ie when the bank lends too much money to a client, they have to be considered more Another aspect is the US does reasonable biz with China and why should they want to lose that biz? (Tho - sure does not help the US to keep buying shit from there - or any other country).

So... they may be dumping dollars, but sure don't want to dump these in a harmful way - so chances are that may be "moderate".

Keep thinking this is one monumental task to stop the rot alone - nevermind turning it around - and, dunno... but smell this will never happen in any eight year term of office for any party.

Only my but smell it will take far longer than the typical term of office and needs strong investment into manufacturing and tech industries - with an end product that can be exported to other nations to kill the trade deficits. Coupled with that - it prob needs a cutting-down of imported product (Wallmart alone are a major source of this problem).

[e-god]

Iraq eats a lot of money, dollar started to fall then US invasion to iraq started..

[mikeyddddd]

Iraq eats a lot of money, dollar started to fall then US invasion to iraq started..

Dubya has borrowed more money than all the other Presidents combined. The budget surplus we had when he took office disappeared. It is going to take a long time for the economy to recover from the huge deficit.

Because they are printing so much money they finally got embarrassed enough that they quit releasing the M3 numbers. I'm worried about inflation.

[Big_Red]

The dollar is (or was a few months ago) 40% down over the Euro since 2001 ish. Sure, no doubts it will end up 50% of the Euro - it's only a matter of time.

Prob the main "threat" to the dollar is the billions held by the Central Bank of China. China has already been "subtley" dumping dollars and has recent declared they want to dump a lot more if the value cannot be sustained.

The core problem is internal in that there is no fiscal policy of any substance, a constant deficit in balance of payments and only two areas where there are trade surpluses - wheat and arms. At the same time there is constant daily borrowings from other nations - $2-4 bill daily from the Central Bank of China alone. The US is living beyond it's means and is not sustainable - and will show in currency exchange.

Thanks for the insight. How do you think it will effect gold?

[Webby]

Thanks for the insight. How do you think it will effect gold?

Asking me? I really don't know much about tracking of gold prices Big_Red.

In theory, this should up the value of gold and think that has happened over the last year. The flip side is... any other "external factor" (ie not related to dollar values) could also have a positive/negative effect on gold values. Gutty feeling is it is prob more secure to stick with one or two stable currencies and invest with them.

Another flipside is - if ya happen to hold any strongish currencies, - there are countries that still take US dollars as a "norm" and some of these places have amazing opportunties for investment. It may be a time to consider buying up some asset value stuff (property etc) which is priced in US dollars - ie basically buying cheap and in a scenario where the capital appreciation will increase substantially each year.

[More Booze]

Franck knows how to fix it. He will save us.

[Big_Red]

Asking me? I really don't know much about tracking of gold prices Big_Red.

In theory, this should up the value of gold and think that has happened over the last year. The flip side is... any other "external factor" (ie not related to dollar values) could also have a positive/negative effect on gold values. Gutty feeling is it is prob more secure to stick with one or two stable currencies and invest with them.

Another flipside is - if ya happen to hold any strongish currencies, - there are countries that still take US dollars as a "norm" and some of these places have amazing opportunties for investment. It may be a time to consider buying up some asset value stuff (property etc) which is priced in US dollars - ie basically buying cheap and in a scenario where the capital appreciation will increase substantially each year.

hmmm even more appreciated. I will have to look into all this. I only hold a couple mutual funds, and Gold. Maybe time to spread the nest egg.

[FlyingIguana]

The US economy is far stronger now than it was when Clinton handed it over to Bush, but don't let things like facts get in the way of your rant.

wow, some ppl are stupid...

[E$_manager]

I don't like it too. I want the situation to change and wait impatiently untill the new guy will start to rule your country. Better woman.

[free4porn]

do hope the dollar betters better

[Klen]

Fortunatly in my country dollar has raised.But yet again i dont know how ATM machines convert money when i withraw it with my epassporte card.

[maxidrom11]

well ... it's time to buy US Dollars if they are getting cheaper

[djroof]

damn that sucks!!!!

[E$_manager]

well ... it's time to buy US Dollars if they are getting cheaper

may be yes. I didn't think of it. What if they will never be more expensive? what would you do with it?

[flashfreak]

it's back.. check the 2nd chart here: http://www.devisen-trader.de/aktueller_dollarkurs.html

[nico-t]

The US economy is far stronger now than it was when Clinton handed it over to Bush, but don't let things like facts get in the way of your rant.

yea if you count out the ever growing debt

[Magix]

not good at all

[E$_manager]

yea if you count out the ever growing debt

To whom is the debt?

[TheMaster]

To whom is the debt?

mostly China: the USA is indebted ear deep to China and keeps lending from them quarter after quarter

[gecko]

I feel your pain man

[pornguy]

let's get rid of the republicans. Help me come up with ingenious ways to do it.

[squishypimp]

time to invest in swiss franks everyone!

[Barefootsies]

This dollar bullshit sucks. I have a good third of my business coming from the EU countries.

If the Dems are going to front Hilary, or whomever, they ALL need to get behind whomever the candidate. Run on the same platform Clinton did.. balanced budget, cut military spending, social reforms, and push that right back into the White House, Senate, and House.

I think once the Republicans are out this time. It's going to be a LOOOOOOOOOOOOOOOOOOOONG time before we see another.

If the Dems had a clue, for the next few years, you would just see random ads talking about how bad the debt is. How bad the war is. The union lost jobs, and failing auto industry amung countless other examples. Not least of which is the dropping dollar.

[directfiesta]

The US economy is far stronger now than it was when Clinton handed it over to Bush, but don't let things like facts get in the way of your rant.

If you say so, it must be true !

[mark wolff]

How about against the Canadian dollar, i live between Vancouver and NYC 3 years ago a US dollar was worth allmost $1.60 Canadian since then the US dollar has been in a free fall. I now receive just $1.08 they say the Canadian dollar could be worth more than the US dollar in another year.

[TheMaster]

let's get rid of the republicans. Help me come up with ingenious ways to do it.

Impeach impeach impeach http://www.impeachbush.org

write to your congress person

(listening to Air America)

[Big_Red]

let's get rid of the republicans. Help me come up with ingenious ways to do it.

go vote?