The $US is worthless - The Euro rocks...Fuck! - GoFuckYourself.com

AkiraSS · 05-23-2003, 01:21 PM

I hate this

1Euro = 1.17 $US

It used to be the other way round.

My $us are now worthless, I can only keep them, spending them would be futile.

P.S. I know TheHun doesn't get any money from the surfers, he gets them from the first 15 gallery spots listed

goBigtime · 05-23-2003, 01:34 PM

The hun makes money??? I thought it was a free site?

CDSmith · 05-23-2003, 01:43 PM

Any sponsors out there paying in Euro?

rooster · 05-23-2003, 01:49 PM

dont worry, the euro is heading for a big recession

AkiraSS · 05-23-2003, 01:55 PM

Quote:

Originally posted by rooster
dont worry, the euro is heading for a big recession

when?

ldinternet · 05-23-2003, 01:58 PM

Quote:

Originally posted by AkiraSS
P.S. I know TheHun doesn't get any money from the surfers, he gets them from the first 15 gallery spots listed

What does that have to do with anything?

How come you guys always manage to mention Hun? Is there some kind of forum rule... perhaps one that I missed... stating that Hun must be referenced every 100 posts or less?

alan-l · 05-23-2003, 02:02 PM

nice...

the cheeky bastard was wrong

Pappa · 05-23-2003, 02:07 PM

Quote:

Originally posted by ldinternet

What does that have to do with anything?

How come you guys always manage to mention Hun? Is there some kind of forum rule... perhaps one that I missed... stating that Hun must be referenced every 100 posts or less?

I really don't know.
I think you should ask the hun about that.

SCJason · 05-23-2003, 02:14 PM

You should convert all your money into US dollars and send them to me.......That way you won't be losing any euros !

Mike AI · 05-23-2003, 02:24 PM

The US gov't is devalueing the dollar right now for numerous reasons... they include helping out exports, and of course hurting the economies of France and Germany as a little catch-back for their stance on Iraq. It is hurting France very hard since they refuse to lower interest rates on money.....

Short term it will not effect most Americans, and will hoepfully help economy....

and of course anything that hurts the French brings a smile to my face.

alias · 05-23-2003, 02:37 PM

Quote:

Originally posted by CDSmith
Any sponsors out there paying in Euro?

yes

Good sponsor too:

Payserve

give them a try

directfiesta · 05-23-2003, 02:57 PM

Quote:

Originally posted by rooster
dont worry, the euro is heading for a big recession

How many stupidities can you post in a day????

hottoddy · 05-23-2003, 03:09 PM

The dollar is weak against the Euro on purpose. It's actually helpful during our slow economy. This makes it much easier for the US to sell goods to the rest of the world, as commensurate EU goods are too expensive.

sacX · 05-23-2003, 03:26 PM

Quote:

Originally posted by hottoddy
The dollar is weak against the Euro on purpose. It's actually helpful during our slow economy. This makes it much easier for the US to sell goods to the rest of the world, as commensurate EU goods are too expensive.

Devaluing a currency is no quick fix for the economy, look at Japan. To finance US debts, there needs to be inflows of 1.5 billion per day into the US from the rest of the world.

This does have the potential to blow up in the Treasury's face, especially now they've abandoned the 'strong policy' it removes an important motivating factor in holding USD (that being it retains value)

McSpike · 05-23-2003, 03:27 PM

Quote:

Originally posted by Mike AI
and of course hurting the economies of France and Germany

ya sure that's the 2nd reason right after the export industry for dollar to go under watter? Geez. I guess there are only France and Germany beside US in the world? Oh pardon there are also Canada, Mexico, Russia, Iraq, Afghanistan, N. Korea and China. Did I miss any? I don't think so. Ok lets wait for another war and we'll be able to add another country on the list. There are only about 10 countries in the world, right? Or are there more?

Hate to break it to ya but your belowed president very much fucked up his next elections. Just like his daddy did. You just don't see it coming yet.

Mr.Fiction · 05-23-2003, 03:31 PM

Quote:

Originally posted by Mike AI
The US gov't is devalueing the dollar right now for numerous reasons... they include helping out exports, and of course hurting the economies of France and Germany as a little catch-back for their stance on Iraq. It is hurting France very hard since they refuse to lower interest rates on money.....

Short term it will not effect most Americans, and will hoepfully help economy....

and of course anything that hurts the French brings a smile to my face.

That's half B.S. - the government only decided to "devalue" the dollar after the dollar was already devalued.

That's like saying you wanted to lose because you'll get a better draft pick next year.

McSpike · 05-23-2003, 03:40 PM

Quote:

Originally posted by hottoddy
The dollar is weak against the Euro on purpose. It's actually helpful during our slow economy. This makes it much easier for the US to sell goods to the rest of the world, as commensurate EU goods are too expensive.

sure the cheaper you are, the better, right? LOL You think now all of a sudden people will buy more than the market can handle? You wish baby. No one wants stocks as they mean nothing but cost and even worse if you can't sell it. So what this means is just the US imported stuff is cheaper and nothing else. So that's not helping US at all.

All just a buch of excuses. Wake up.

Mike AI · 05-23-2003, 03:45 PM

I guess it was a mistake trying to discuss international monetary policy on GFY....

Personally, I am for a stronger dollar - I like to do a lot of foreign travel....

Resolute · 05-23-2003, 04:07 PM

I hate it too being Downunder. . .

BOYBUCK$ is humming but the USD is Bumming !!!

Pleeeeeeeeeeeeeze do something U.S.A.

SABAI · 05-23-2003, 04:10 PM

Quote:

Originally posted by Mike AI

and of course anything that hurts the French brings a smile to my face.

ignorant xenophobic fool

CDSmith · 05-23-2003, 04:17 PM

Quote:

Originally posted by SABAI
ignorant xenophobic fool

OOH, good one!

*hits dictionary*

Main Entry: <b>xe·no·phobe </b>
Pronunciation: 'ze-n&-"fOb, 'zE-
Function: noun
Etymology: International Scientific Vocabulary
Date: 1922
: <i>one unduly fearful of what is foreign and especially of people of foreign origin</i>

I know a few Zena-fobes here.

escorpio · 05-23-2003, 04:24 PM

Quote:

Originally posted by ldinternet

What does that have to do with anything?

How come you guys always manage to mention Hun? Is there some kind of forum rule... perhaps one that I missed... stating that Hun must be referenced every 100 posts or less?

I like pizza.

and The Hun

ADL Colin · 05-23-2003, 04:37 PM

We're back to 1999 exchange rates. That's all.

AkiraSS · 05-23-2003, 05:21 PM

I've read that George Soros will be converting his us $$$ into Euros. He said he was sick and tired of the way the us $$$ is becoming worthless each day.

Mike AI · 05-23-2003, 05:30 PM

Quote:

ignorant xenophobic fool

HAHA No way frenchie.... the french are a 3rd rate power, and are still having a hard time coming to the realization to this fact.

I suggest you learn to accept it, and vote for politicians who will not bring your country to the land of irrevelance...

directfiesta · 05-23-2003, 05:30 PM

By having a " weak" US dollars, financing the debt ( which BTW got a hefty boost from Dubya) becomes more costly. Getting foreign countries to invest becomes difficult, and you have to entice them by raising the intrest paid to them: rise of interest rates ... brings inflation ... brings recession....

How many of US ( I would) are looking to change to Euro. I lost near 20% of my income ( and value ) since last november ....

A weak currency is only good for third world countries,,, not industrialized one...

ADL Colin · 05-23-2003, 05:56 PM

Quote:

Originally posted by directfiesta

A weak currency is only good for third world countries,,, not industrialized one...

Japan has a weak Yen policy. Definitely an industrialized country with either the 2nd or 3rd largest economy in the world. Also, Japan's post-world war II economic success was achieved with a weak Yen throughout the 70's and 80's.

Mr.Fiction · 05-23-2003, 05:57 PM

Quote:

Originally posted by Colin
We're back to 1999 exchange rates. That's all.

The Euro was only officially launched in 1999. That graph must use some sort of averaging of national currencies for data before 1999?

That means the dollar is now almost as low against the Euro as it has ever been in history, if it's really back to the 1999 rates.

You can downplay it, but this is a historical low for the dollar against the Euro, right?

ADL Colin · 05-23-2003, 06:27 PM

Quote:

Originally posted by Mr.Fiction

The Euro was only officially launched in 1999. That graph must use some sort of averaging of national currencies for data before 1999?

That means the dollar is now almost as low against the Euro as it has ever been in history, if it's really back to the 1999 rates.

You can downplay it, but this is a historical low for the dollar against the Euro, right?

What meaning does "historical low" have for a currency than is only 4 years old?

That graph is of the US Dollar Index. It's a popular index of the US dollar against the sum of a wide range of currencies.

Before the Euro, there was a basket of European stocks (Deutschmark, Franc, etc) used to measure the strength of European currencies which can be roughly compared to the Euro today.

If you compare the dollar to a basket of european currencies it is at it's lowest point today since 1999. The weakest dollar vs. european currencies in the past two decades occured in 1992. It was about 15% lower than it is today (roughly the same in 1995).

If you look at the graph you can see the dips in 1992 and 1995. You can also see the massive spike in the mid 1980's. I guess in 1988 after the tail end of that spike one would have thought the dollar was in trouble (it lost 50% of its value off high) but that would have been the incorrect analysis as it had begun to spike from the same point in 1980. In fact, the dollar increased in value about 50% until 2000 which is the recent peak that once again (like in the late 80's) it doesn't make sense to compare to.

What happened is that the dollar shot up against the Euro since it opened in 1999. All it's done now is go back down to where it is was before it shot up. The dollar is lower than it's been in 4 years vs. european currency. No longer than that.

Compared to 1995, the dollar is 23% higher than the broadest index of currencies, 15% higher than the European currencies, and 25% higher than "Pacific" (Japan, etc) currencies.

Mr.Fiction · 05-23-2003, 06:29 PM

Quote:

Originally posted by Colin

What meaning does "historical low" have for a currency than is only 4 years old?

That graph is of the US Dollar Index. It's a popular index of the US dollar against the sum of a wide range of currencies.

Before the Euro, there was a basket of European stocks (Deutschmark, Franc, etc) used to measure the strength of European currencies which can be roughly compared to the Euro today.

If you compare the dollar to a basket of european currencies it is at it's lowest point today since 1999. The weakest dollar vs. european currencies in the past two decades occured in 1992. It was about 15% lower than it is today (roughly the same in 1995).

What happened is that the dollar shot up against the Euro since it opened in 1999. All it's done now is go back down to where it is was before it shot up. The dollar is lower than it's been in 4 years vs. european currency. No longer than that.

Compared to 1995, the dollar is 23% higher than the broadest index of currencies, 15% higher than the European currencies, and 25% higher than "Pacific" (Japan, etc) currencies.

Yes or no, the dollar is as low as it has ever been, in history, against the Euro?

directfiesta · 05-23-2003, 06:32 PM

Quote:

Originally posted by Colin

Japan has a weak Yen policy. Definitely an industrialized country with either the 2nd or 3rd largest economy in the world. Also, Japan's post-world war II economic success was achieved with a weak Yen throughout the 70's and 80's.

- After WW2, Japan was at the level of a third world country.

- I said that a "weak" currency is not good for an industrialized country ( so good for a 3rd world one). How can you turn that around to say that Japan :
- has a weak currency
and
- is and industrialized country?

Sure it is, but their economy for the past 2-3 years is shit.

Thanks for making my point....

ADL Colin · 05-23-2003, 06:33 PM

Quote:

Originally posted by Mr.Fiction

Yes or no, the dollar is as low as it has ever been, in history, against the Euro?

Actually no but it's close.

Mr.Fiction · 05-23-2003, 06:34 PM

Quote:

Originally posted by Colin

Actually no but it's close.

You should have said, "Yes, it's as low under Bush as it was under Clinton."

Come on man, I'm here to argue.

Probono · 05-23-2003, 06:36 PM

A weak dollar is good for exports, bad for travel. The US economy is fundamentally stronger than Europe's so in time it will turn around again; in theory.

ADL Colin · 05-23-2003, 06:39 PM

Quote:

Originally posted by directfiesta

- After WW2, Japan was at the level of a third world country.

- I said that a "weak" currency is not good for an industrialized country ( so good for a 3rd world one). How can you turn that around to say that Japan :
- has a weak currency
and
- is and industrialized country?

I'm not talking about 1950s or 1960s Japan. I'm talking about Japan when it was the "miracle economy". I'm talking about in the 70s and 80s when it was kicking ass and taking no names exporting electronics and automobiles. Japan became the second largest economy in the world with an intentionally weak Yen.

If you don't think 1980s Japan was industrialized pass the bowl. I'd like to smoke some of that.

ADL Colin · 05-23-2003, 06:41 PM

Quote:

Originally posted by Mr.Fiction

You should have said, "Yes, it's as low under Bush as it was under Clinton."

Come on man, I'm here to argue.

Lol. I don't care who was president. I like them both. You're looking for "theking". ;-)

sacX · 05-23-2003, 06:48 PM

Quote:

Originally posted by AkiraSS
I've read that George Soros will be converting his us $$$ into Euros. He said he was sick and tired of the way the us $$$ is becoming worthless each day.

I wouldn't believe Soros. He's been talking down the dollar for more than 6months and would have had large short positions on the USD for a while...

It is more likely he is trying to talk down the dollar some more so he can cover some of his positions

directfiesta · 05-23-2003, 06:58 PM

Quote:

Originally posted by Colin

Japan became the second largest economy in the world with an intentionally weak Yen.

Where is it now?

And to compare Japan of the 70-80's to the USA of today is very hard to visualize....

ADL Colin · 05-23-2003, 07:16 PM

Quote:

Originally posted by directfiesta

Where is it now?

These are the 2002 GDP numbers from "Financial Review" (billions). There's the US, Japan, and then everyone else.

1 USA 10,208
2 Japan 4,149
3 Germany 1,847
4 United Kingdom 1,424
5 France 1,307

Mike AI · 05-23-2003, 07:27 PM

Colin, notice the people who are debating the most are NON-US citizens....

If I was Canadian or French I would be upset too....

Of course if it stays low for a year or so I will be upset too...

You would figure all the America-haters on GFY would be happy that our dollar is being devalued.... Maybe they will realize the US economy IS the world economy....

ADL Colin · 05-23-2003, 07:38 PM

Quote:

Originally posted by directfiesta

And to compare Japan of the 70-80's to the USA of today is very
hard to visualize....

I'm not comparing at all. I'm ONLY saying that a weak currency CAN go side-by-side with a growing economy and that sometimes this is preferable and even chosen.

Whether the US actually has a weak dollar policy or not right now I have no idea. Paul O'Neill and now John Snow seem to be ambivalent at best.

One thing that is interesting is that from 1985 to 1990 the US dollar lost half it's value but the US economy grew 38%.

ADL Colin · 05-23-2003, 07:49 PM

Quote:

Originally posted by Mike AI
Colin, notice the people who are debating the most are NON-US citizens....

If I was Canadian or French I would be upset too....

Of course if it stays low for a year or so I will be upset too...

You would figure all the America-haters on GFY would be happy that our dollar is being devalued.... Maybe they will realize the US economy IS the world economy....

Yup.

The US economy is almost eight times larger than France's, which is the world's fifth largest economy. The US economy is more than 30x Russia's. Magnitudes of difference.

I've seen enough posts to know that those America-haters you mention are actually HOPING to see America fall. However,even a depression-like magnitude event (1929-1933) with all the rest of the world continuing on business as usual would still leave the US as the world's largest economy. The US has been the largest economy since 1885. It's not a new thing, it's survived much already and nothing is going to change that anytime soon.

ADL Colin · 05-23-2003, 07:54 PM

For anyone that's interested, here's a
fantastic Site for US GDP data. Searchable from 1929 until present.

Interesting comparison stat. Size of French economy in 2003 is equal to size of US in 1973.

TheFLY · 05-23-2003, 07:55 PM

As long as I'm living in the USA the dollar can fall to hell...

Mike AI · 05-23-2003, 07:56 PM

Colin I read somewhere that the 4 largest publicly traded companies in the United States have a higher value then the entire French and German stock markets combined.

Of course General Motors, Walmart, Microsoft, and GE are pretty damn huge....

ADL Colin · 05-23-2003, 08:07 PM

Quote:

Originally posted by Mike AI
Colin I read somewhere that the 4 largest publicly traded companies in the United States have a higher value then the entire French and German stock markets combined.

Of course General Motors, Walmart, Microsoft, and GE are pretty damn huge....

Yeah, but what month do you predict "Pure Cash" will pass the French economy? ;-) ;-)

First New Orleans and then France.

the indigo · 05-23-2003, 08:09 PM

Quote:

Originally posted by Mike AI
The US gov't is devalueing the dollar right now for numerous reasons... they include helping out exports, and of course hurting the economies of France and Germany as a little catch-back for their stance on Iraq. It is hurting France very hard since they refuse to lower interest rates on money.....

What the fuck are you talking about. Actually US are lucky to have a low currency, but in no way it hurts France or Germany since they use the Euro.

Mike AI · 05-23-2003, 08:12 PM

indigo, if Germans and French only bought products, raw materials and other things from other EU countries it would not be an issue....

but the fact is we live in a global economy... welcome to it!!

sacX · 05-23-2003, 08:58 PM

Quote:

Originally posted by TheFLY
As long as I'm living in the USA the dollar can fall to hell...

That's pretty dumb, Argentina anyone?

SABAI · 05-24-2003, 04:18 AM

Quote:

Originally posted by Mike AI

I suggest you learn to accept it, and vote for politicians who will not bring your country to the land of irrevelance...

lol it souds like you are giving a message to american voters

05-23-2003, 01:21 PM	#1
AkiraSS Confirmed User Join Date: Jan 2003 Location: ICQ: 17630227 Posts: 2,988	The $US is worthless - The Euro rocks...Fuck! I hate this 1Euro = 1.17 $US It used to be the other way round. My $us are now worthless, I can only keep them, spending them would be futile. P.S. I know TheHun doesn't get any money from the surfers, he gets them from the first 15 gallery spots listed

05-23-2003, 01:43 PM	#3
CDSmith Too lazy to set a custom title Industry Role: Join Date: May 2001 Location: My network is hosted at TECHIEMEDIA.net ...Wait, you meant where am I located at? Oh... okay, I'm in Winnipeg, Canada. Oops. :) Posts: 51,460	Any sponsors out there paying in Euro? __________________ *Promote Wildmatch, ImLive, Sexier.com, and more!!* ALWAYS THE HIGHEST PAYOUTS: Big Bux/ImLive SIGNUP ON NOW!!! Put some PUSSYCA$H in your pocket. ICQ me at: 31024634

05-23-2003, 02:14 PM	#9
SCJason Confirmed User Join Date: Mar 2002 Location: California Posts: 1,095	You should convert all your money into US dollars and send them to me.......That way you won't be losing any euros ! __________________ SCJason The New SilverCash "V. 3 It's HERE !" ICQ 138128769 <img src="http://www.yoadrian.biz/holidays.gif" border="0"></A>

05-23-2003, 02:24 PM	#10
Mike AI Confirmed User Join Date: Jan 2001 Location: Elysian Fields Posts: 3,624	The US gov't is devalueing the dollar right now for numerous reasons... they include helping out exports, and of course hurting the economies of France and Germany as a little catch-back for their stance on Iraq. It is hurting France very hard since they refuse to lower interest rates on money..... Short term it will not effect most Americans, and will hoepfully help economy.... and of course anything that hurts the French brings a smile to my face. __________________ Make big money on your Domains! Why wait 40 days to get paid with the other guys? Parked.com pays the most for your traffic, and cuts checks twice a month!

05-23-2003, 03:45 PM	#18
Mike AI Confirmed User Join Date: Jan 2001 Location: Elysian Fields Posts: 3,624	I guess it was a mistake trying to discuss international monetary policy on GFY.... Personally, I am for a stronger dollar - I like to do a lot of foreign travel.... __________________ Make big money on your Domains! Why wait 40 days to get paid with the other guys? Parked.com pays the most for your traffic, and cuts checks twice a month!

05-23-2003, 01:34 PM	#2
goBigtime Confirmed User Join Date: Nov 2002 Posts: 7,761	The hun makes money??? I thought it was a free site?

05-23-2003, 01:49 PM	#4
rooster Confirmed User Join Date: Jan 2003 Posts: 2,384	dont worry, the euro is heading for a big recession

05-23-2003, 02:02 PM	#7
alan-l Confirmed User Join Date: May 2003 Location: look behind you Posts: 2,477	nice... the cheeky bastard was wrong

05-23-2003, 03:09 PM	#13
hottoddy Confirmed User Join Date: Oct 2002 Location: PacNorWest Posts: 3,048	The dollar is weak against the Euro on purpose. It's actually helpful during our slow economy. This makes it much easier for the US to sell goods to the rest of the world, as commensurate EU goods are too expensive.

05-23-2003, 04:07 PM	#19
Resolute Confirmed User Join Date: Feb 2003 Posts: 1,143	I hate it too being Downunder. . . BOYBUCK$ is humming but the USD is Bumming !!! Pleeeeeeeeeeeeeze do something U.S.A. __________________ [email protected] ICQ 325624405

05-23-2003, 04:37 PM	#23
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	We're back to 1999 exchange rates. That's all. __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"

05-23-2003, 05:21 PM	#24
AkiraSS Confirmed User Join Date: Jan 2003 Location: ICQ: 17630227 Posts: 2,988	I've read that George Soros will be converting his us $$$ into Euros. He said he was sick and tired of the way the us $$$ is becoming worthless each day.

05-23-2003, 05:30 PM	#26
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Montreal, Quebec Posts: 29,678	By having a " weak" US dollars, financing the debt ( which BTW got a hefty boost from Dubya) becomes more costly. Getting foreign countries to invest becomes difficult, and you have to entice them by raising the intrest paid to them: rise of interest rates ... brings inflation ... brings recession.... How many of US ( I would) are looking to change to Euro. I lost near 20% of my income ( and value ) since last november .... A weak currency is only good for third world countries,,, not industrialized one... __________________ I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time ....

05-23-2003, 06:36 PM	#34
Probono Confirmed User Join Date: Oct 2002 Location: Under the Rainbow Posts: 2,731	A weak dollar is good for exports, bad for travel. The US economy is fundamentally stronger than Europe's so in time it will turn around again; in theory.

05-23-2003, 07:27 PM	#40
Mike AI Confirmed User Join Date: Jan 2001 Location: Elysian Fields Posts: 3,624	Colin, notice the people who are debating the most are NON-US citizens.... If I was Canadian or French I would be upset too.... Of course if it stays low for a year or so I will be upset too... You would figure all the America-haters on GFY would be happy that our dollar is being devalued.... Maybe they will realize the US economy IS the world economy.... __________________ Make big money on your Domains! Why wait 40 days to get paid with the other guys? Parked.com pays the most for your traffic, and cuts checks twice a month!

05-23-2003, 07:54 PM	#43
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	For anyone that's interested, here's a fantastic Site for US GDP data. Searchable from 1929 until present. Interesting comparison stat. Size of French economy in 2003 is equal to size of US in 1973. __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"

05-23-2003, 07:55 PM	#44
TheFLY So Fucking Banned Join Date: Jan 2001 Location: http://www.thefly.net/ --- Quit your job and live off steady traffic. Posts: 11,856	As long as I'm living in the USA the dollar can fall to hell...

05-23-2003, 07:56 PM	#45
Mike AI Confirmed User Join Date: Jan 2001 Location: Elysian Fields Posts: 3,624	Colin I read somewhere that the 4 largest publicly traded companies in the United States have a higher value then the entire French and German stock markets combined. Of course General Motors, Walmart, Microsoft, and GE are pretty damn huge.... __________________ Make big money on your Domains! Why wait 40 days to get paid with the other guys? Parked.com pays the most for your traffic, and cuts checks twice a month!

05-23-2003, 08:12 PM	#48
Mike AI Confirmed User Join Date: Jan 2001 Location: Elysian Fields Posts: 3,624	indigo, if Germans and French only bought products, raw materials and other things from other EU countries it would not be an issue.... but the fact is we live in a global economy... welcome to it!! __________________ Make big money on your Domains! Why wait 40 days to get paid with the other guys? Parked.com pays the most for your traffic, and cuts checks twice a month!