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-   -   $$$ is worth SHIT in Europe (https://gfy.com/showthread.php?t=377032)

sacX 10-25-2004 05:00 PM

Quote:

Originally posted by CET
I hope not, because this is a great situation for America. If we can keep inflation down, this will encourage the purchase of American exports.

BTW, the "devaluing" is only with a couple of currencies. World wide the USD is gaining value and has been for its entire history. Why do you think smaller countries and unstable countries prefer to trade in American money as opposed to their own currency? A Turk or Brazilian would accept a Dollar before they accept a Turkish Lira or a Brazilian Cruzeiro.

The USD index has decreased from 120 in 2002 to 87 now, if it was just a couple of currencies it'd be pretty much the same..

CET 10-25-2004 05:01 PM

Quote:

Originally posted by mcmc
yup, the president has no control over the economy. But i said that the election could change something ... cause a positive sign from the election (the world is waiting for kerry) will result in more trust in the US economy and in the US dollar. Foreign companies will start to invest more in the US economy and traders will start to invest in the US Dollar again and guess what will happen ...
I'll go with the president indirectly effecting the economy. There are lots of things that work that way and effect consumer confidence, and investor confidence. That's just one of those unmeasurable variables.

CET 10-25-2004 05:02 PM

Quote:

Originally posted by sacX
The USD index has decreased from 120 in 2002 to 87 now, if it was just a couple of currencies it'd be pretty much the same..
That's not much for proof. Something like a complete index of currency values for the last 5 years would do it.

sacX 10-25-2004 05:03 PM

http://www.minimumeffort.com/USD.png

Thurbs 10-25-2004 05:05 PM

meh. who doesnt like to save :)

mcmc 10-25-2004 05:19 PM

Quote:

Originally posted by CET
That's not much for proof. Something like a complete index of currency values for the last 5 years would do it.
Time period: 01/01/00 to 10/26/04.
Conversion Table: USD to EUR (Interbank rate)
01/01/2000: 0.99300000
10/26/2004: 0.78130000

Conversion Table: USD to AUD (Interbank rate)
01/01/2000: 1.52370000
10/26/2004: 1.33990000

Conversion Table: USD to GBP (Interbank rate)
01/01/2000: 0.61820000
10/26/2004: 0.54330000

Conversion Table: USD to CAD (Interbank rate)
01/01/2000: 1.44650000
10/26/2004: 1.22140000

Conversion Table: USD to EEK (Interbank rate)
01/01/2000: 15.54710000
10/26/2004: 12.22656200

Conversion Table: USD to MTL (Interbank rate)
01/01/2000: 0.41440000
10/26/2004: 0.33770000

Conversion Table: USD to CHF (Interbank rate)
01/01/2000: 1.59120000
10/26/2004: 1.19670000

You asked for it ... na, its not that hard actually. Im sure you know that the US Dollar lost against many important currencies ... but not against all of them. The Dollar is still stable!

But check the last row .. USD to Swiss Franc. This really hurts me :( . I used to earn way more per $ in this industry some years ago

sacX 10-25-2004 05:24 PM

Quote:

Originally posted by CET
That's not much for proof. Something like a complete index of currency values for the last 5 years would do it.
http://www.federalreserve.gov/releases/H10/Summary/

CET 10-25-2004 05:28 PM

Quote:

Originally posted by mcmc
Time period: 01/01/00 to 10/26/04.
Conversion Table: USD to EUR (Interbank rate)
01/01/2000: 0.99300000
10/26/2004: 0.78130000

Conversion Table: USD to AUD (Interbank rate)
01/01/2000: 1.52370000
10/26/2004: 1.33990000

Conversion Table: USD to GBP (Interbank rate)
01/01/2000: 0.61820000
10/26/2004: 0.54330000

Conversion Table: USD to CAD (Interbank rate)
01/01/2000: 1.44650000
10/26/2004: 1.22140000

Conversion Table: USD to EEK (Interbank rate)
01/01/2000: 15.54710000
10/26/2004: 12.22656200

Conversion Table: USD to MTL (Interbank rate)
01/01/2000: 0.41440000
10/26/2004: 0.33770000

Conversion Table: USD to CHF (Interbank rate)
01/01/2000: 1.59120000
10/26/2004: 1.19670000

You asked for it ... na, its not that hard actually. Im sure you know that the US Dollar lost against many important currencies ... but not against all of them. The Dollar is still stable!

But check the last row .. USD to Swiss Franc. This really hurts me :( . I used to earn way more per $ in this industry some years ago

That's only USD to Euro conversion. I never questioned the devaluation between the two, I questioned the devaluation of the USD as compared to all currencies in general, as was asserted earlier.

mcmc 10-25-2004 05:31 PM

Quote:

That's only USD to Euro conversion.
not just Euro :winkwink:

qwe 10-25-2004 05:32 PM

just few month ago or so it was $1.31 canadian for $1usd, I check today and it's at $1.20 I almost had a heart attack...

if you got $100,000 in your bank account you lost $11,000 just like that in Canada ...

someone shoot bush poleaseeeeeee :mad:

cezam 10-25-2004 05:33 PM

Quote:

Originally posted by adis55
why are you all bitching about $ worth shit in europe

how much does it a drink cost when you go out to a club?

$7.50 in South Florida
$.50 cents in croatia

how much for bread?
or even blowjob at a strip club or escort....

so how can u bitch

Please enlight me if western european prices of goods are inline with USA. Let me know which countries plz. i d love to know

I seriously doubt that they are tho.

later

you can't compare croatia to the western or north europe...

central and east european prices are low, but so are average salaries there...

Tipsy 10-25-2004 05:33 PM

Quote:

Originally posted by adis55
why are you all bitching about $ worth shit in europe

how much does it a drink cost when you go out to a club?

$7.50 in South Florida
$.50 cents in croatia

how much for bread?
or even blowjob at a strip club or escort....

so how can u bitch

Please enlight me if western european prices of goods are inline with USA. Let me know which countries plz. i d love to know

I seriously doubt that they are tho.

later

Now that's a funny post. You really have NO clue at all do you? Do yourself a favour and buy a plane ticket so that you step outside of the US for a while. It'll save you from making yourself look so incredibly stupid a second time.

CET 10-25-2004 05:34 PM

Quote:

Originally posted by sacX
http://www.federalreserve.gov/releases/H10/Summary/
Then, if you compare the dollar to the average currency of every industrialized nation, during a time when the USD is taking on little to no inflation and recovering from a recession, there's a period of devaluation. That's an average of industrial nation's currency values, which is a far cry from:

Quote:

Originally posted by sacX The USD has lost value against nearly EVERY freely traded currency.
Especially since there are lots of freely traded currencies that are not industrialized nations.

CET 10-25-2004 05:34 PM

Quote:

Originally posted by mcmc
not just Euro :winkwink:
But that's all you posted.

CET 10-25-2004 05:35 PM

Quote:

Originally posted by qwe
just few month ago or so it was $1.31 canadian for $1usd, I check today and it's at $1.20 I almost had a heart attack...

if you got $100,000 in your bank account you lost $11,000 just like that in Canada ...

someone shoot bush poleaseeeeeee :mad:

Bush has shit to do with that.

Tipsy 10-25-2004 05:36 PM

Quote:

Originally posted by CET
That's only USD to Euro conversion. I never questioned the devaluation between the two, I questioned the devaluation of the USD as compared to all currencies in general, as was asserted earlier.
At least that post answers a question I had. You really do have the inability to read and understand very simple text. Put the economics books down as they really are totally wasted on you. :glugglug

CET 10-25-2004 05:41 PM

Quote:

Originally posted by Tipsy
At least that post answers a question I had. You really do have the inability to read and understand very simple text. Put the economics books down as they really are totally wasted on you. :glugglug
Eat a bag of glass asshole, seriously. :321GFY

mcmc 10-25-2004 05:44 PM

Quote:

Originally posted by CET
But that's all you posted.
no, check again

Anothers 10-25-2004 08:06 PM

Quote:

Originally posted by detoxed
And how much are your housing costs? You cant compare 1 luxury item alone.
ok you're right housing costs depends on your localisation in poland but are usually lower then in usa

and you're right about luxury items but lets try this:

- cheapest toyota corolla $16k in poland and $14k in USA

note: prices of japan cars has dropped a little since poland is in EU - taxation change, and you probably don't know but US version is more comfortable and it has more items included like air conditioning etc. etc.

- digital camera canon powershoot A75 in poland $248 and $179 in USA

and for goodness' sake average salary in poland is $657 BEFORE taxes - I hope it explains why it makes no sense to compare

by the way cigs are cheaper here - marlboro is about $1,8

TheMob 10-25-2004 08:07 PM

USD = Unreliabble Shitty Dollars

SomeCreep 10-25-2004 08:11 PM

100 $$$ worth SHIT in Europe

Gynecologist 10-25-2004 08:12 PM

Quote:

Originally posted by Anothers
ok you're right housing costs depends on your localisation in poland but are usually lower then in usa

and you're right about luxury items but lets try this:

- cheapest toyota corolla $16k in poland and $14k in USA

note: prices of japan cars has dropped a little since poland is in EU - taxation change, and you probably don't know but US version is more comfortable and it has more items included like air conditioning etc. etc.

- digital camera canon powershoot A75 in poland $248 and $179 in USA

and for goodness' sake average salary in poland is $657 BEFORE taxes - I hope it explains why it makes no sense to compare

by the way cigs are cheaper here - marlboro is about $1,8

That is the average salary for every 2 weeks? Every month?

Anothers 10-25-2004 08:18 PM

Quote:

Originally posted by Gynecologist
That is the average salary for every 2 weeks? Every month?
monthly

sacX 10-26-2004 03:04 AM

Quote:

Originally posted by CET
Then, if you compare the dollar to the average currency of every industrialized nation, during a time when the USD is taking on little to no inflation and recovering from a recession, there's a period of devaluation. That's an average of industrial nation's currency values, which is a far cry from:



Especially since there are lots of freely traded currencies that are not industrialized nations.

you can't read, and you misquoted me, you missed out the bit where I said third world hell hole. Sure if you compare the USD to non-industrialised countries it hasn't devalued. Seriously is that the best you can come up with?

Why do you think Gold is at $430 and part of the reason oil is so high? It's because the dollar has lost value.

It's not fucking rocket science, the Government has MASSIVE budget deficit and there's a massive trade deficit, how are they financed? By selling dollars and printing dollars

With that kind of selling pressure and increase in dollar supply of course the value is going down. Coincided with low interest rates (which essentially means buying and holding USD will give you a negative real return)
All the macroeconomic indicators are pushing the USD down.

Are you going to provide anything to support your position that the USD has not devalued?

Dirty Dane 10-26-2004 03:28 AM

Regarding this issue, you cannot compare the domestic price levels.
Comparing the exchange rate now and back then, makes more sense.
4 years ago, I got 30 % more national currency when I exchanged one dollar, i.e. I got 30 % more money on my bankaccount. Thats a fact and it sucks.

However, a smart person, will also see that europeans will pay 30 % less, when they sign up for a paysite, which has dollars as payment. So why not targeting non-us traffic more, and cover the "loss"? Its supply/demand. Take advantage of it, instead of doing nothing :thumbsup

fr33s3x 10-26-2004 03:29 AM

Yeah, it's pretty fucked up. I know those times when the "Gulden" was $2,30.. Good old times.

Gunni 10-26-2004 03:31 AM

Quote:

Originally posted by CET
The dollar hasn't devalued at all. That would require deflation, which only happened for one quarter in 1979. Other then that, the US dollar has never deflated. In the last few years, the Euro has taken on lots of inflation and the US dollar has taken on almost none. You could say there is a comparative devaluing between the two currencies, but there is no real devaluing.
you are on a verge of a deflation, even though it is not crisis, it is still bad, and the dollar has lost value to most currencies, specially do to the huge national debt

"Federal Reserve Chairman Alan Greenspan sent the Treasury market soaring last week when he hinted that the Fed is worried about deflation. But by some measures, it's already here. Stock prices, for example, have fallen more than 40% the past three years.

The government's producer price index, which measures inflation at the wholesale level, fell an unexpectedly sharp 1.9% in April, mainly because of oil prices. But the core consumer goods segment of the index has been falling for 16 months, says John Lonski, chief economist at Moody's Investor Service. "I don't know where the Fed has been," Lonski says.

Will the USA fall into a deflationary spiral? "There is a very low probability of deflation, but it will be very dangerous if it does happen," says David Wyss, chief economist at Standard & Poor's."


http://www.usatoday.com/money/perfi/...5-invest_x.htm

Note this is from 2003, things are worse now :glugglug

Drake 10-26-2004 03:33 AM

That must suck:(

Time for you to move

Rui 10-26-2004 03:38 AM

On top of it, even people with diesel cars are getting fucked nowadays with gasoline prices beeing almost the same diesel fuel prices..

Things aren't very well...

As for people say Croatia and such are cheap, sure they are...for you but their salarys are DREADFUL, a guy working on construction here (Portugal) and not even getting paid as a legal worker (= which means he gets less) makes more money that a laywer or doctor there....

You seem to think everybody has killer salarys all over the world...get real folks...(that on top of taxes and such...)

Like here in Portugal we pay on average +4000? for the same car in Spain since he have some extra car taxes...great ain't it?...

Well at least our president is a clown but far from beeing a bush :P

groark 10-26-2004 05:16 AM

Well at last hosting and stuff is quite cheap :glugglug

Rui 10-26-2004 05:19 AM

Quote:

Originally posted by groark
Well at last hosting and stuff is quite cheap :glugglug
Word, specially when you have some customers that pay in euros :Graucho

cezam 10-26-2004 05:21 AM

Quote:

Originally posted by groark
Well at last hosting and stuff is quite cheap :glugglug
yup :drinkup

etech 10-26-2004 05:26 AM

Quote:

Originally posted by mcmc
HOLY FUCKING SHIT! You dont see over the border, do you?

http://www.finfacts.com/img/costofliving50cities.gif

As you can see, 6 out of the 10 most expensive cities to live in are in Europe. New York follows on #12.

Even Dakar, Senegal is more expensive than Florida. Sometimes its just too funny.

As you see, it sucks to be a dane :(

justsexxx 10-26-2004 05:42 AM

Netherlands

Honda Civic type R----> 38,348.9 USD

Houses
http://tinyurl.com/6h766 --> 420,560 USD !!!

http://tinyurl.com/3ugoy --> 1,789,619 USD

PantieZ 10-26-2004 06:20 AM

Quote:

Originally posted by Meloman
From my understanding, the switch over to the Euro highly increased prices as well. For example in Italy what was once 1 lira was now 2 euro....but peoples paychecks stayed the same....so basically doubling the cost of goods without any increased salary to match.

I think it's more expensive to live in most of Europe compared to the U.S.


man ... what the hell are you talking about .

Italy never had lira ... it was lire . and it was 1000 lire not 1 .

oh man ... :( .....

PantieZ 10-26-2004 06:27 AM

Quote:

Originally posted by CET
Bush has shit to do with that.

really ? it seems you are Mr.Professional ...
your President fucks your economy pretty good (but not his own economy) .... that´s why the US$ is shit worth in all other countries in the world . :2 cents:

Tania 10-26-2004 06:28 AM

Quote:

Originally posted by Nicky
heh, let me tell you dude that in Sweden its way fucking more expensive, $0,5 for a drink?? what a fucking joke, if you want a cheap one its costs $8 here......
Gas, $1,3 per liter.
1 pound of steak goes at around $10
and we pay 35% in income tax :(

yeap I agreed with you Sweden is a lot more expensive ......:(

JoeA 10-26-2004 06:31 AM

With the $ dropping from $1.43:£1 early last year to $1.86 yesterday when I transferred a wire, it's hitting us guys in the UK very badly and has done for quite a while...

Last year: $1000 = £699
Yesterday $1000 = £537

With sales dropping for a lot of us over this period of time as well, I don't know of too many UK webmasters going out to buy a new Rolls Royce these days :)


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