Dollar crashing: 1 euro = 1.45 dollar

[TheMaster]

uugggghhhhh dollar hit it's lowest point since December 2009

hope we're not going to $1.50-1.55-for-?1-country again

but still they keep saying on US TV how much better off they are than the EU, stop living in a dream world, you're heading off a cliff

please no crap about how it's good for exports, the US exports raw materials, not finished products, remember how much better it was when the Dollar was strong

[Nicky]

yep It is sucking that's for sure. Ohh ya, just remembered, we pay in euro :D

[$5 submissions]

Great for corporate borrowers of USD-denominated debt. Sucks to be foreign banks holding such debt.

Another dimension of QE2?

Anyway, let's hope it doesn't continue to erode further cuz many commodities move counter to USD movement. USD sinks, oil goes up. Oil goes up, food prices go up (due to petrol-based fertilizer prices going up). No real clear solution short of the US getting its fiscal house in order--good luck with that. It's got an entitlements house of cards to keep up--with more and more debt

[jerryb]

uugggghhhhh dollar hit it's lowest point since December 2009

hope we're not going to $1.50-1.55-for-?1-country again

but still they keep saying on US TV how much better off they are than the EU, stop living in a dream world, you're heading off a cliff

please no crap about how it's good for exports, the US exports raw materials, not finished products, remember how much better it was when the Dollar was strong

That's one reason I've been telling everyone to BUY physical SILVER ... it's up over a buck in the last 2 days ... pushing $45 per ounce right now.

[2intense]

bad 4 us

[$5 submissions]

Another winner of a weakening dollar, hedge funds that invest in overseas markets. They get a double whammy of returns: index rises due to influx of other US funds investing AND the increased value of the local currency (since stocks are bought in local currency). No wonder the POS PhiSix index (philippines) is past 4100 LOL Not because we have a stellar economy here in the Philippines but because of all the "hot" money flowing in from hedge funds.

[tabasco]

Yep Australian dollar is at an all time high. Over $1.06 which is just insane.

[nolongerexists]

Another winner of a weakening dollar, hedge funds that invest in overseas markets. They get a double whammy of returns: index rises due to influx of other US funds investing AND the increased value of the local currency (since stocks are bought in local currency). No wonder the POS PhiSix index (philippines) is past 4100 LOL Not because we have a stellar economy here in the Philippines but because of all the "hot" money flowing in from hedge funds.

You know how it ened 3 years ago ;-)
It's good time to buy dollar, EUzone is in economical shithole

[Danny B]

Better postpone my Eurotrip for a while

[Klen]

You know how it ened 3 years ago ;-)
It's good time to buy dollar, EUzone is in economical shithole

Usa is much much bigger shithole.

[GameForAdult]

I live in Europe, bad for us to make biz with dollar online I transfer funds and there is not much left on the ATM

[DWB]

Yea but GFY experts say it will rebound and there is nothing to worry about.

[HomerSimpson]

Yea but GFY experts say it will rebound and there is nothing to worry about.

can't wait for that to happen...
USD is worth shit in EU...

[nyllover]

Well that's because of the US politics...so...thank Obama for this. It's bad for our business in my opinion... let's hope it will pass soon...

[AdultKing]

As an Aussie, I know I am looking for more and more programs paying euro. The monetary incentive to promote US programs is diminishing rapidly.

[DWB]

can't wait for that to happen...
USD is worth shit in EU...

I hope it does, but unless someone pulls a rabbit out of their ass real soon, I don't see it happening anytime soon. Probably going to get a lot worse.

[DWB]

As an Aussie, I know I am looking for more and more programs paying euro. The monetary incentive to promote US programs is diminishing rapidly.

You have a decent list of euro paying programs?

Whats the AUD to the USD right now? I haven't checked in a few months.

[TheMaster]

yep It is sucking that's for sure. Ohh ya, just remembered, we pay in euro :D

doesn't change much, unless you also bill in euros (and then not the equivalent of what it costs in USD)

[Basileus]

You have a decent list of euro paying programs?

Whats the AUD to the USD right now? I haven't checked in a few months.

almost 1.07

[sponsorpimp]

That's one reason I've been telling everyone to BUY physical SILVER ... it's up over a buck in the last 2 days ... pushing $45 per ounce right now.

Absolutely agree with you, I bought a small amount when it was at $28 only wish I had more spare money to invest in Silver?

[TheMaster]

Anyway, let's hope it doesn't continue to erode further cuz many commodities move counter to USD movement. USD sinks, oil goes up. Oil goes up, food prices go up (due to petrol-based fertilizer prices going up). No real clear solution short of the US getting its fiscal house in order--good luck with that. It's got an entitlements house of cards to keep up--with more and more debt

it's because they are denominated in dollars, so if the dollar goes down it raises oil prices, but a raising oil price also pushes the dollar down further, vicious circle

entitlements are not the problem, compared to other Western countries, the US spends a low percentage of it's GDP on entitlements, Medicare has a 2 trillion surplus, Medicaid yes that needs some fixing

just bring back the tax rates and military spending (up 80% the last decade, not even counting the wars) to where it was at the end of Clinton and most problems would be solved

[TheMaster]

That's one reason I've been telling everyone to BUY physical SILVER ... it's up over a buck in the last 2 days ... pushing $45 per ounce right now.

yeah and unlike gold it's used in electronics, the supply is limited, they say there's already more silver in the trash heaps than they will be able to mine

[TheMaster]

You know how it ened 3 years ago ;-)
It's good time to buy dollar, EUzone is in economical shithole

EU zone is in less of a shithole than US, some small countries yes, but they are only a few percent of the EU economy

if Spain falls, yes then there will be a real problem

[Klen]

There is expectation how it will go up to 1.50.

[TheMaster]

As an Aussie, I know I am looking for more and more programs paying euro. The monetary incentive to promote US programs is diminishing rapidly.

they need to bill in local currency & not be the equivalent of the dollar value
so if they bill $30, also bill ?30, not ?20

[AdultKing]

You have a decent list of euro paying programs?

Whats the AUD to the USD right now? I haven't checked in a few months.

AUD today is $1.06 , keep in mind though, in 2000 it was roughly AUD 0.47, so in 10 years we have taken a 60% hit roughly in earnings from US related business.

This was fine between 1996 and 2004 when we ran our own pay sites and billed in USD, however now it wouldn't be economical to bill in USD if we ran our own sites. With the much lower cost of promoting sites we have been able to sustain things, however US based programs look less and less attractive every day unless they convert really well.

[Klen]

We need to do same shit what Gaming industry doing-they charge for entire europe,not matter what country it is,in EUR and it's not adjusted price it's same price like in dollars.So basically in USA game cost 50$ while in europe it's 50 EUR always.But again gaming industry is strong and organized industry while we are...Well you know.

[djroof]

that is bad for Europe... now we will have economical crisis again...

[TheMaster]

that is bad for Europe... now we will have economical crisis again...

depends where you are in Europe, Germany is looking good, most of Western-Europe actually is bouncing back quite good

[pornguy]

That's one reason I've been telling everyone to BUY physical SILVER ... it's up over a buck in the last 2 days ... pushing $45 per ounce right now.

So at the end of the day when the dollar really crashes and all the other world currencies crash as well, do you plan to take your bars of silver o gold down to the local grocery and using a pocket knife slice off a little to pay for food?

Good luck with that.

[Klen]

So at the end of the day when the dollar really crashes and all the other world currencies crash as well, do you plan to take your bars of silver o gold down to the local grocery and using a pocket knife slice off a little to pay for food?

Good luck with that.

Lol that will never happen.It can lose on their value,but they will never crash.

[MaDalton]

i hate when that happens :-/

[Klen]

i hate when that happens :-/

Start charging your services in euro and problem solved ;)

[IllTestYourGirls]

Don't worry Big Ben said it is only temporary. You know the same guy that said the economy was great.

[jerryb]

Just got off the phone with a friend that I have had for over 40+ years. He is BIG BIG BIG in the rare coin, bullion, currency markets. He writes articles for many major publications including the WSJ, Coin World, Numismatic News and many others. His business, here in Michigan, does over $1,000,000.00 a week in gold, silver, scrap metal, rare coins, rare currency etc etc. He said that Silver will easily reach $75+++ and ounce by the end of this year. Reason is multiple but includes piss poor economy here in the States, ever increasing debt by Obama, lack of faith in the U. S. dollar, unemployment, business failures, bankrupcies on the increase, etc etc etc.

I believe he is right on target. Even though he does not like him he said the best thing right now, on the political scene, is Donald Trump. Many people hate him but he believes that Trump will make some astounding decisions that Obama wouldn't even consider that will help the U. S. get out of foreign dependece. Oil, manufacturing, jobs, international trade among some of them.

Really going to be an interesting election coming up. The fur will really fly I believe more so that in previous elections. The U. S. needs a HUGE makeover IMHO.

Peace to all.

[Caligari]

So at the end of the day when the dollar really crashes and all the other world currencies crash as well, do you plan to take your bars of silver o gold down to the local grocery and using a pocket knife slice off a little to pay for food?

Good luck with that.

or as i've said before you can use your gold and silver bars to hurl at the hordes of rioting people as they crash thru you private gated community...

people have lost connection with reality, they are betting on the worst possible scenario to bolster their bullion but they somehow don't equate this with world financial disaster and the real repercussions therein.

[Yngwie]

almost 1.07

I'm lucky if I get 93 cents on every dollar here in Canada

[facialfreak]

So at the end of the day when the dollar really crashes and all the other world currencies crash as well, do you plan to take your bars of silver o gold down to the local grocery and using a pocket knife slice off a little to pay for food?

Good luck with that.

SERIOUSLY?!? You are that clueless?

[JFK]

Just got off the phone with a friend that I have had for over 40+ years. He is BIG BIG BIG in the rare coin, bullion, currency markets. He writes articles for many major publications including the WSJ, Coin World, Numismatic News and many others. His business, here in Michigan, does over $1,000,000.00 a week in gold, silver, scrap metal, rare coins, rare currency etc etc. He said that Silver will easily reach $75+++ and ounce by the end of this year. Reason is multiple but includes piss poor economy here in the States, ever increasing debt by Obama, lack of faith in the U. S. dollar, unemployment, business failures, bankrupcies on the increase, etc etc etc.

I believe he is right on target. Even though he does not like him he said the best thing right now, on the political scene, is Donald Trump. Many people hate him but he believes that Trump will make some astounding decisions that Obama wouldn't even consider that will help the U. S. get out of foreign dependece. Oil, manufacturing, jobs, international trade among some of them.

Really going to be an interesting election coming up. The fur will really fly I believe more so that in previous elections. The U. S. needs a HUGE makeover IMHO.

Peace to all.

Even if Trump gets in, he will be a puppet just like Obama

[jerryb]

Even if Trump gets in, he will be a puppet just like Obama

You could be right ... only time will tell. I was stupid enough to vote for Obama believing his Hope & Change preachings. How wrong I was there.

[sologirlcontent]

Well that's because of the US politics...so...thank Obama for this. It's bad for our business in my opinion... let's hope it will pass soon...

this shit was in the making waaaaaay before OBAMA and it's being done on purpose.


Hello North American UNION...the AMERO is coming

[Barry-xlovecam]

Sell in Dollars but get Paid in their Euro Values

We have almost 500 models that offer a private show price of 0.99/min for customers buying in $USD.

Currently we have a "special deal" for $USD buyers of 25 credits for $25.00 (sold in $USD) amounts.

So, we are subsiding the $USD somewhat and as usual;



WE PAYOUT IN EUROS

As for the Dollar crashing ... Not really, there have been high points and low points of the respective currencies for the past few years. I don't think either currency is fundamentally stronger. The weaknesses are causing the change in values along with all the real time FOREX trading.

[twistedkinkcash]

It was 1.3 last time I went to Europe a few years ago, guess I'm gonna wait too..

[TheMaster]

i hate when that happens :-/

yeah and we get double hit, because the Czech Kronen is not only doing better than the dollar, but also better than the euro

[TheMaster]

Don't worry Big Ben said it is only temporary. You know the same guy that said the economy was great.

not the same Ben who helped create this mess I hope

[woj]

Just got off the phone with a friend that I have had for over 40+ years. He is BIG BIG BIG in the rare coin, bullion, currency markets. He writes articles for many major publications including the WSJ, Coin World, Numismatic News and many others. His business, here in Michigan, does over $1,000,000.00 a week in gold, silver, scrap metal, rare coins, rare currency etc etc. He said that Silver will easily reach $75+++ and ounce by the end of this year. Reason is multiple but includes piss poor economy here in the States, ever increasing debt by Obama, lack of faith in the U. S. dollar, unemployment, business failures, bankrupcies on the increase, etc etc etc.

I believe he is right on target. Even though he does not like him he said the best thing right now, on the political scene, is Donald Trump. Many people hate him but he believes that Trump will make some astounding decisions that Obama wouldn't even consider that will help the U. S. get out of foreign dependece. Oil, manufacturing, jobs, international trade among some of them.

Really going to be an interesting election coming up. The fur will really fly I believe more so that in previous elections. The U. S. needs a HUGE makeover IMHO.

Peace to all.

Everyone was saying the same exact thing few years ago about the real estate market... it's a bubble, some will make easy $$, most will lose, just like in the real estate crash...

[TheMaster]

I believe he is right on target. Even though he does not like him he said the best thing right now, on the political scene, is Donald Trump. Many people hate him but he believes that Trump will make some astounding decisions that Obama wouldn't even consider that will help the U. S. get out of foreign dependece. Oil, manufacturing, jobs, international trade among some of them.

hilarious, can't pay his debts-Trump? or is his daughter going to run too

the guy is clueless on most issues, I mean his tarif idea alone is insanity + the dumb look on his face when they asked about privacy in the context of Roe vs Wade was just priceless

if there's a billionaire who could maybe change things for the better (doubt Trump is even a billionaire after he pays his debts) it would be Bloomberg

[TheMaster]

As for the Dollar crashing ... Not really, there have been high points and low points of the respective currencies for the past few years. I don't think either currency is fundamentally stronger. The weaknesses are causing the change in values along with all the real time FOREX trading.

high points??? less bad points, last high point the dollar had was in 2002, the dollar has been weaker than the euro for almost a decade now

[twistedkinkcash]

perhaps its only temporary..hopefully America doesn't decline totally and evens out somewhere.

[alias]

I knew there would already be a thread about this today, I just got back from the bank.

I got .928700 CAD per USD, and it only cost me 15-20 in gas to get there and back.. .

#winning