US DOLLAR keeps falling-good job George - GoFuckYourself.com

vegas2003 · 01-05-2004, 12:50 PM

http://reuters.com/financeNewsArticl...toryID=4072089

Ross · 01-05-2004, 12:53 PM

Yep its fucking annoying! Losing more and more money as the weeks go by.

Dirty F · 01-05-2004, 12:54 PM

Holy shit, almost 1.27....it just wont stop.

broke · 01-05-2004, 12:57 PM

The falling dollar is good!

Darren · 01-05-2004, 12:58 PM

whats annoying is all these bloody news threads, its like CNN

Odie · 01-05-2004, 01:00 PM

it's not good for us Canadians either...I get paid in US....when I started in the biz, the dolllar was 1.5, and now the dollar is sitting at 1.24....I think it's even lower now...

Rich · 01-05-2004, 01:04 PM

Quote:

Originally posted by broke
The falling dollar is good!

You must be an economist! I agree with you though, Bush is the best thing that ever happened to, well, Canada. Keep this up for another 4 years and we'll have at least 2 NFL franchises.

maxdaname · 01-05-2004, 01:09 PM

Quote:

Originally posted by Rich

Bush is the best thing that ever happened to, well, Canada

I know!

Good ole Bush!

Greg B · 01-05-2004, 01:22 PM

Quote:

Originally posted by vegas2003
http://reuters.com/financeNewsArticl...toryID=4072089

Aw quit whinin'. You shoulda done like the rest of us who are up on the news and know the dilly.

Invested in the Euro.

We ain't losin' money.

DeepDish · 01-05-2004, 01:38 PM

Seems the US economy must be sucks right now...
I will not wonder, if some of the sponsors turn to Euro which is really strong right now!
Well may be is time the EURO to kick USD's ass

Ron2k1 · 01-05-2004, 01:41 PM

Quote:

Originally posted by Darren
whats annoying is all these bloody news threads, its like CNN

I agree, shit happends. It won't stop in the near future

broke · 01-05-2004, 01:53 PM

Quote:

Originally posted by DeepDish
Seems the US economy must be sucks right now...
I will not wonder, if some of the sponsors turn to Euro which is really strong right now!
Well may be is time the EURO to kick USD's ass

What?

People that have no clue about economics (or the US economy when talking specifically about the US dollar) should refrain from posting in currency valuation threads.

I've posted this before, but will do it again...

The weak US dollar is beneficial to the US and the US economy right now for a shitload of reasons. If the dollar were to rebound in the near future, the current administration (and the next administration -- assuming a change) would do everything possible to keep it down -- even if that mean keeping it down artificially.

Get used to it.

It's not going to change anytime soon.

US sponsors will never turn soley to the euro.

If the majority of your customer base is American -- you just simply can't start charging EUROS. You would lose at least 3/4 of your business overnight.

sacX · 01-05-2004, 02:04 PM

Quote:

Originally posted by broke

What?

People that have no clue about economics (or the US economy when talking specifically about the US dollar) should refrain from posting in currency valuation threads.

I've posted this before, but will do it again...

The weak US dollar is beneficial to the US and the US economy right now for a shitload of reasons. If the dollar were to rebound in the near future, the current administration (and the next administration -- assuming a change) would do everything possible to keep it down -- even if that mean keeping it down artificially.

Get used to it.

It's not going to change anytime soon.

US sponsors will never turn soley to the euro.

If the majority of your customer base is American -- you just simply can't start charging EUROS. You would lose at least 3/4 of your business overnight.

Well non-American's are probably a majority of surfers. It would certainly make sense to look into billing these people in euros..

Ic3m4nZ · 01-05-2004, 02:06 PM

That's really good

Vitasoy · 01-05-2004, 02:12 PM

Quote:

Originally posted by Darren
whats annoying is all these bloody news threads, its like CNN

sooo true

broke · 01-05-2004, 02:17 PM

Quote:

Originally posted by sacX

Well non-American's are probably a majority of surfers. It would certainly make sense to look into billing these people in euros..

Surfers mean jack shit -- buyers matter.

If you reread what I said, it was "US sponsors will never turn soley to the euro."

I went on to say... "If the majority of your customer base is American -- you just simply can't start charging EUROS."

It makes sense to look into anything that could make your business more profitable.

I also think it is a good idea to try to attempt to bill your customers in their native currency when possible. Offering EU surfers EURO billing options is a good thing.

I was responding to a post about sponsors changing their billing to EUROS, not a post about offering surfers different billing options.

ldinternet · 01-05-2004, 02:20 PM

Now is a good time to prepay for American hosting and other services.

HarlotCash Dyker · 01-05-2004, 02:25 PM

Companies like ccbill that have a Euro branch should offer their webmasters the choice of billing and payment in Euros -
Doesn't make sence them having a Euro branch working solely in dollars.

I agre - The dollar is artificially low to aid exports (Amongst many other things - Although they really need to hike up interest rates now, they certainly will not -

But for us Non Americans - There is at least one small bonus - Fewer Americans will holiday in Europe because of the costs!

sacX · 01-05-2004, 02:26 PM

Quote:

Originally posted by broke

If you reread what I said, it was "US sponsors will never turn soley to the euro."

I read what you said perfectly the first time. Why would I need to read it again. Nothing i said in my post disagreed with u... so GFY

broke · 01-05-2004, 02:27 PM

Quote:

Originally posted by sacX

I read what you said perfectly the first time. Why would I need to read it again. Nothing i said in my post disagreed with u... so GFY

Cheers.

broke · 01-05-2004, 02:30 PM

Quote:

Originally posted by HarlotCash Dyker

But for us Non Americans - There is at least one small bonus - Fewer Americans will holiday in Europe because of the costs!

But some of us will still be coming to a European city near you!

brothenberg · 01-05-2004, 02:50 PM

Would you prefer Arnold on the bills?

grumpy · 01-05-2004, 02:53 PM

http://www.gofuckyourself.com/showth...hreadid=210807

i predicted it....and nobody believed me.

sacX · 01-05-2004, 02:57 PM

Quote:

Originally posted by grumpy
http://www.gofuckyourself.com/showth...hreadid=210807

i predicted it....and nobody believed me.

uh most people in that thread seem to agree with u that the euro will get stronger..

xxxdesign-net · 01-05-2004, 03:30 PM

Quote:

Originally posted by broke

What?

People that have no clue about economics (or the US economy when talking specifically about the US dollar) should refrain from posting in currency valuation threads.

I've posted this before, but will do it again...

The weak US dollar is beneficial to the US and the US economy right now for a shitload of reasons. If the dollar were to rebound in the near future, the current administration (and the next administration -- assuming a change) would do everything possible to keep it down -- even if that mean keeping it down artificially.

Get used to it.

It's not going to change anytime soon.

US sponsors will never turn soley to the euro.

If the majority of your customer base is American -- you just simply can't start charging EUROS. You would lose at least 3/4 of your business overnight.

Yeah whatever idiot... keep talking out of your ass... must be the Limbaugh influence...

http://biz.yahoo.com/ap/031223/na_fe...ression_2.html
http://www.mercopress.com/Detalle.asp?NUM=2728
Know anything about Bush strong dollar policy!?

broke · 01-05-2004, 03:39 PM

Quote:

Originally posted by xxxdesign-net

Yeah whatever idiot... keep talking out of your ass... must be the Limbaugh influence...

http://biz.yahoo.com/ap/031223/na_fe...ion_2.htmlKnow anything about Bush strong dollar policy!?

Month old news source coupled with your inability to read.

That title and the rest of the article is based on this quote...

"My answer to that question about the dollar is that this government is for a strong dollar and that the dollar's value ought to be set by the market and by the conditions inherent in our respective economies, and our economy is very strong and is getting stronger"

Are you really that stupid?

No president is going to come out and say they are for a weak dollar!

Tell me why a week dollar is not good for the US and the US economy or shut the fuck up.

davecummings · 01-05-2004, 03:41 PM

The present value of the dollar is good for America in that it makes our goods and services cheaper for foreigners to purchase, something we presently need to assure an economic recovery. It also cuts back on dollar-expensive vacationing overseas, thus keep vacationers spending vacation dollars in America which further helps economic recovery.

Like him and/or his policies or not, the Bush tax cut along with lower interest rates and no significant inflation along with a cheaper dollar might make us more money in the long run as jobs start to be created to replace inventories running low due to cheap dollar costs for our manufactured goods. Lately, productivity innovations has held down some job growth, so we need a cheaper dollar to spur overseas demand for our products to the point that it creates manufacturing jobs.

My only worry is that high crude oil prices might slow down the economy, or raise inflation (defined as more money chasing the same goods and services) which might cause the Fed to raise interest rates to fight inflation---yes, the election year might possibly hold down rate increases, but....

Dave
www.davecummings.com

xxxdesign-net · 01-05-2004, 03:46 PM

Quote:

Originally posted by broke

Month old news source coupled with your inability to read.

That title and the rest of the article is based on this quote...

"My answer to that question about the dollar is that this government is for a strong dollar and that the dollar's value ought to be set by the market and by the conditions inherent in our respective economies, and our economy is very strong and is getting stronger"

Are you really that stupid?

No president is going to come out and say they are for a weak dollar! Tell me why a week dollar is not good for the US and the US economy or shut the fuck up.

You're an idiot... a weak dollar has as much risks if not more than benifits... A shitload of top economic experts dont agree with the possibility of Bush keeping the dollar down... Now you come here and act like "YOU know" whats up and claim a weak dollar is definately the way to go!!?

Basic_man · 01-05-2004, 03:47 PM

Yes! CAD dollars is going up!!

xxxdesign-net · 01-05-2004, 03:48 PM

Quote:

Originally posted by broke

Month old news source coupled with your inability to read.

Tuesday December 23, 1:59 pm ET

oh the irony...

johnbosh · 01-05-2004, 03:52 PM

damn it

slapass · 01-05-2004, 03:53 PM

You give Bush too much credit. He is spending like a drunken sailor and keeps cutting taxes. Nothing he can do will strengthen the dollar if you have to borrow to run the govt. We have to raise the rates we paid to gain the larger pool of borrowed money and that weakened the dollar and spurred fears of inflation. Europeans just took their investments and went home with them is all.

BlackCrayon · 01-05-2004, 03:59 PM

eventually when the US dollar completely collapses because nothing is backing it, we'll all be using euros.

broke · 01-05-2004, 04:00 PM

Quote:

Originally posted by xxxdesign-net

Tuesday December 23, 1:59 pm ET

oh the irony...

Nice edit.

Why not leave the original article up.

Krille · 01-05-2004, 04:16 PM

i wish the sponsors would pay in euro since the dollar sucks nowadays...

playa · 01-05-2004, 04:17 PM

Its kind of difficult for me to understand the falling dollar as an american

aslong as the Big Mac combo meal stay around $3 then its all good for me. It only went from $2.99 to $3.59 in the last 12 years

Rich · 01-05-2004, 04:33 PM

Quote:

Originally posted by slapass
You give Bush too much credit. He is spending like a drunken sailor and keeps cutting taxes. Nothing he can do will strengthen the dollar if you have to borrow to run the govt. We have to raise the rates we paid to gain the larger pool of borrowed money and that weakened the dollar and spurred fears of inflation. Europeans just took their investments and went home with them is all.

Don't expect the Hannity economists here to think. These people don't understand things like dept and interest, they only understand what Fox news tells them. It's all about being loud, using small words, and coming to a conclusion that they want to hear.

Just laugh while they support their country being destroyed.

rooster · 01-05-2004, 04:35 PM

i just had deja vu, all the same exact things were said about reagan

VeriSexy · 01-05-2004, 04:41 PM

Quote:

Originally posted by Basic_man
Yes! CAD dollars is going up!!

What so good about that?

broke · 01-05-2004, 04:42 PM

Quote:

Originally posted by Rich

Don't expect the Hannity economists here to think. These people don't understand things like dept and interest, they only understand what Fox news tells them. It's all about being loud, using small words, and coming to a conclusion that they want to hear.

Just laugh while they support their country being destroyed. :2 cents

You are so clueless you barely merit a response.

Depreciation of the dollar is one of the few ways (other than an extended and prolonged depression) to cut the deficit to sustainable levels.

Can't wait to hear you enlighten all of us with your economic wisdom.

just a punk · 01-05-2004, 05:09 PM

Fucking bush... He is going to bury my savings!

Richard - Triplexcash · 01-05-2004, 05:15 PM

I understand why those not in the US getting paid in dollars are feeling the pain of a weak dollar.

But what is the danger to the United States' economy with the weaker dollar? I know there are some, but I can't think of any.

Some Positives I see are:

-US stock market becomes more attractive to overseas money
-Exports go up/imports go down
-Interest rates are low, which will push expansion

Negatives?

Thanks.

broke · 01-05-2004, 05:23 PM

Quote:

Originally posted by rockdude
Negatives?

Thanks.

Since the people here championing the strong dollar can't/won't answer, I?ll give you one...

Foreign investment.

While investing in the US has long been attractive to foreign investors, it has been due to the strength of the USD and it's stability. A weak dollar that fluctuates somewhat 'wildly' undermines that and would cause foreign investors to think twice.

xxxdesign-net · 01-05-2004, 05:24 PM

Quote:

Originally posted by rockdude

But what is the danger to the United States' economy with the weaker dollar? I know there are some, but I can't think of any.

Some Positives I see are:

-US stock market becomes more attractive to overseas money
-Exports go up/imports go down
-Interest rates are low, which will push expansion

Negatives?

Thanks.

We have another economic expert here folks! Real TOP economic experts constantly debate and disagree on the pros and cons of a weak dollar but this guy is above that! He definately knows whats up.. 'cause he listen to Fox News!!

Richard - Triplexcash · 01-05-2004, 05:28 PM

I see what you mean, though the investment is cheaper now for foreign money, if the dollar continues to devalue, their investments/returns would as well.

Also, if the central bank lets the money supply get too large, inflation will be a problem during a recovery. I think the Feds have done a great job, or just been lucky, with the money supply since the 70's...hope they keep up the good job there!

Thanks!

BigFish · 01-05-2004, 05:29 PM

Quote:

Originally posted by xxxdesign-net

We have another economic expert here folks! Real TOP economic experts constantly debate and disagree on the pros and cons of a weak dollar but this guy is above that! He definately knows whats up.. 'cause he listen to Fox News!!

What was wrong with his post? He was asking a question and stating his observations based on basic economic theory. Did you fall asleep in economics 101 or something? I don't see anything about fox in his post, do you?

Richard - Triplexcash · 01-05-2004, 05:29 PM

Quote:

Originally posted by xxxdesign-net

We have another economic expert here folks! Real TOP economic experts constantly debate and disagree on the pros and cons of a weak dollar but this guy is above that! He definately knows whats up.. 'cause he listen to Fox News!!

Please wise one, enlighten me.

Rich · 01-05-2004, 05:33 PM

Quote:

Originally posted by broke

You are so clueless you barely merit a response.

Depreciation of the dollar is one of the few ways (other than an extended and prolonged depression) to cut the deficit to sustainable levels.

Can't wait to hear you enlighten all of us with your economic wisdom.

Clueless? Wanna compare sheepskins pal?

See... stupid people break things down as simply as possible, and use general statements to justify the fact that they're wrong. Sure a lower dollar CAN be a way to cut the deficit, but if that's your only plan, then you're fucked. If you can explain how increasing the dept by borrowing as much as possible for bullshit reasons then keeping the dollar down is helping the economy, then I'll hire you to sell swampland in Florida to Donald Trump.

If you think the way this administration is handling the economy is in any way, shape, or form a positive thing for the country, then here's the gun pal, save the world from further generations of your ignorant children.

broke · 01-05-2004, 05:34 PM

Quote:

Originally posted by xxxdesign-net

We have another economic expert here folks! Real TOP economic experts constantly debate and disagree on the pros and cons of a weak dollar but this guy is above that! He definately knows whats up.. 'cause he listen to Fox News!!

What have you offered to the thread shithead? Other that fox news this and fox news that...

What's your economic policy?

That's right... you don't have one, but want to champion a strong dollar. Hell -- I've given more negatives to a weak dollar than you have.

Carry on... Hannity and (who is his partner) this and Hannity and his partner that.

Blah blah blah

sacX · 01-05-2004, 05:38 PM

Quote:

Originally posted by rockdude
I understand why those not in the US getting paid in dollars are feeling the pain of a weak dollar.

But what is the danger to the United States' economy with the weaker dollar? I know there are some, but I can't think of any.

Some Positives I see are:

-US stock market becomes more attractive to overseas money
-Exports go up/imports go down
-Interest rates are low, which will push expansion

Negatives?

Thanks.

US stock market is unattractive to foreign investors. Yes the dow, nasdaq etc have gone up, but if you adjust for the depreciation of the USD the market has shown anaemic growth.

Imports are actually going up faster than exports, because the US is further ahead in the economic recovery phase. Foreigners are still feeling the hurt, intensified by the USD fall, so they're not buying USD goods.

Interest rates are low, but the money supply M2, M3 is actually srhinking, what does this mean? people aren't borrowing money, even though the Government is giving it away

One negative from US perspective is that foreigners will more likely buy US tangible assets like property, or maybe takeover some corporations.

01-05-2004, 12:50 PM	#1
vegas2003 Confirmed User Join Date: Feb 2003 Location: EL TOREO DE 4 CAMINOS Posts: 1,714	US DOLLAR keeps falling-good job George http://reuters.com/financeNewsArticl...toryID=4072089 __________________ SEACREST OUT!

01-05-2004, 12:57 PM	#4
broke Confirmed User Join Date: Aug 2003 Location: Someplace Windy Posts: 4,501	The falling dollar is good! __________________ Perfect Gonzo

01-05-2004, 12:58 PM	#5
Darren Confirmed User Join Date: Sep 2001 Posts: 5,994	whats annoying is all these bloody news threads, its like CNN __________________ Penis enlargement / male enhancement pills - earn up to $229.48 per signup ICQ: 46335817

01-05-2004, 01:00 PM	#6
Odie Confirmed User Join Date: Apr 2003 Location: The WATER BABY! Posts: 7,040	it's not good for us Canadians either...I get paid in US....when I started in the biz, the dolllar was 1.5, and now the dollar is sitting at 1.24....I think it's even lower now... __________________ Odie [email protected] Are you Mobile???? MMACanada ICQ # 166208354 See Who I Am At AdultWhosWho.com!

01-05-2004, 02:25 PM	#18
HarlotCash Dyker Confirmed User Join Date: Sep 2003 Location: At a whorehouse near you Posts: 1,828	Companies like ccbill that have a Euro branch should offer their webmasters the choice of billing and payment in Euros - Doesn't make sence them having a Euro branch working solely in dollars. I agre - The dollar is artificially low to aid exports (Amongst many other things - Although they really need to hike up interest rates now, they certainly will not - But for us Non Americans - There is at least one small bonus - Fewer Americans will holiday in Europe because of the costs! __________________ !!!Harlot Cash<<>>Harlot Cash<<>>Harlot Cash<<>>Harlot Cash!!!

01-05-2004, 12:53 PM	#2
Ross Ik ben een aap Industry Role: Join Date: Sep 2002 Location: Traffic Force Towers, Canada! Posts: 18,874	Yep its fucking annoying! Losing more and more money as the weeks go by.

01-05-2004, 12:54 PM	#3
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	Holy shit, almost 1.27....it just wont stop.

01-05-2004, 01:38 PM	#10
DeepDish Confirmed User Join Date: Mar 2003 Posts: 323	Seems the US economy must be sucks right now... I will not wonder, if some of the sponsors turn to Euro which is really strong right now! Well may be is time the EURO to kick USD's ass

01-05-2004, 02:06 PM	#14
Ic3m4nZ Confirmed User Join Date: Aug 2003 Location: Montreal! Posts: 6,285	That's really good

01-05-2004, 02:20 PM	#17
ldinternet Confirmed User Join Date: Apr 2001 Posts: 8,245	Now is a good time to prepay for American hosting and other services.

01-05-2004, 02:50 PM	#22
brothenberg Confirmed User Join Date: Apr 2003 Location: Los Angeles, CA Posts: 168	Would you prefer Arnold on the bills? __________________ ICQ: 761286 AIM: Sourcemine Product Placement Sales for Feature Film and Televison, Fashion/Glamour Photographer, and p/t Computer Consulting.

01-05-2004, 02:53 PM	#23
grumpy Too lazy to set a custom title Join Date: Jan 2002 Location: Holland Posts: 9,870	http://www.gofuckyourself.com/showth...hreadid=210807 i predicted it....and nobody believed me. __________________ Don't let greediness blur your vision \| You gotta let some shit slide icq - 441-456-888

01-05-2004, 03:41 PM	#27
davecummings Confirmed User Join Date: Oct 2003 Location: San Diego Posts: 2,922	The present value of the dollar is good for America in that it makes our goods and services cheaper for foreigners to purchase, something we presently need to assure an economic recovery. It also cuts back on dollar-expensive vacationing overseas, thus keep vacationers spending vacation dollars in America which further helps economic recovery. Like him and/or his policies or not, the Bush tax cut along with lower interest rates and no significant inflation along with a cheaper dollar might make us more money in the long run as jobs start to be created to replace inventories running low due to cheap dollar costs for our manufactured goods. Lately, productivity innovations has held down some job growth, so we need a cheaper dollar to spur overseas demand for our products to the point that it creates manufacturing jobs. My only worry is that high crude oil prices might slow down the economy, or raise inflation (defined as more money chasing the same goods and services) which might cause the Fed to raise interest rates to fight inflation---yes, the election year might possibly hold down rate increases, but.... Dave www.davecummings.com

01-05-2004, 03:47 PM	#29
Basic_man Programming King Pin Industry Role: Join Date: Oct 2003 Location: Montreal Posts: 27,360	Yes! CAD dollars is going up!! __________________ UUGallery Builder - automated photo/video gallery plugin for Wordpress! Stop looking! Checkout Naked Hosting, online since 1999 !

01-05-2004, 03:52 PM	#31
johnbosh Confirmed User Join Date: Aug 2002 Location: The Netherlands, Rotterdam Posts: 8,965	damn it

01-05-2004, 03:53 PM	#32
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,625	You give Bush too much credit. He is spending like a drunken sailor and keeps cutting taxes. Nothing he can do will strengthen the dollar if you have to borrow to run the govt. We have to raise the rates we paid to gain the larger pool of borrowed money and that weakened the dollar and spurred fears of inflation. Europeans just took their investments and went home with them is all.

01-05-2004, 03:59 PM	#33
BlackCrayon Too lazy to set a custom title Join Date: Jun 2003 Location: Ottawa Posts: 19,631	eventually when the US dollar completely collapses because nothing is backing it, we'll all be using euros. __________________ you don't know you're wearing a leash if you sit by the peg all day..

01-05-2004, 04:16 PM	#35
Krille Confirmed User Join Date: Mar 2002 Location: Bangkok Posts: 2,436	i wish the sponsors would pay in euro since the dollar sucks nowadays...

01-05-2004, 04:17 PM	#36
playa Confirmed User Join Date: Feb 2001 Location: atlanta, GA Posts: 6,432	Its kind of difficult for me to understand the falling dollar as an american aslong as the Big Mac combo meal stay around $3 then its all good for me. It only went from $2.99 to $3.59 in the last 12 years

01-05-2004, 04:35 PM	#38
rooster Confirmed User Join Date: Jan 2003 Posts: 2,384	i just had deja vu, all the same exact things were said about reagan __________________ Ever notice that pretty much everything added to the Constitution after the original was a mistake.

01-05-2004, 05:09 PM	#41
just a punk So fuckin' bored Industry Role: Join Date: Jun 2003 Posts: 32,386	Fucking bush... He is going to bury my savings! __________________ Obey the Cowgod

01-05-2004, 05:15 PM	#42
Richard - Triplexcash Confirmed User Join Date: Aug 2003 Posts: 915	I understand why those not in the US getting paid in dollars are feeling the pain of a weak dollar. But what is the danger to the United States' economy with the weaker dollar? I know there are some, but I can't think of any. Some Positives I see are: -US stock market becomes more attractive to overseas money -Exports go up/imports go down -Interest rates are low, which will push expansion Negatives? Thanks.

01-05-2004, 05:28 PM	#45
Richard - Triplexcash Confirmed User Join Date: Aug 2003 Posts: 915	I see what you mean, though the investment is cheaper now for foreign money, if the dollar continues to devalue, their investments/returns would as well. Also, if the central bank lets the money supply get too large, inflation will be a problem during a recovery. I think the Feds have done a great job, or just been lucky, with the money supply since the 70's...hope they keep up the good job there! Thanks!