Top expert on currency: Dollar is headed for a "CATASTROPHE"

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  • DarkJedi
    No Refunds Issued.
    • Feb 2001
    • 28301
    #1

    Top expert on currency: Dollar is headed for a "CATASTROPHE"

    SHARP-tongued Mahathir Mohamad, scourge of currency traders worldwide, has said the US dollar is headed for a 'catastrophe' and will never regain its old strength.

    The former Malaysian leader said Washington's bulging deficits would ultimately sink the greenback. 'The catastrophe will come one day because even the most powerful country in the world cannot repay loans amounting to $7 trillion (£3.7 trillion),' he reportedly told an Asian business conference.

    The 79-year-old - who pegged his country's sinking currency firmly to the dollar when Prime Minister in 1998 - said: 'It is certainly on the way to collapse.'

    Mahathir advised the audience of executives to steer clear of accepting the dollar as it was unstable, and likely to drop further.

    http://www.thisislondon.com/news/bus...399280?source=
    Tags: None
    • LeeNoga
      Confirmed User
      • Jul 2001
      • 3043
      #2
      and we are supposed to do what?

        Comment

        • Manowar
          jellyfish  
          • Dec 2003
          • 71528
          #3
          sucks for all non-us affiliates

            Comment

            • Rhesus
              Confirmed User
              • Aug 2004
              • 2009
              #4
              Protect yourself partly from currency losses using options

                Comment

                • Dazza
                  Confirmed User
                  • Sep 2002
                  • 1598
                  #5
                  Propoganda from anti US parties. The dollar will be just fine, they are trying to divert your $ elsewhere. Keep it in the US people.

                    Comment

                    • DarkJedi
                      No Refunds Issued.
                      • Feb 2001
                      • 28301
                      #6
                      Originally posted by Dazza
                      Propoganda from anti US parties. The dollar will be just fine, they are trying to divert your $ elsewhere. Keep it in the US people.
                      Dollar is 50% what it used to be against the Euro.

                      Pull your head out of your ass.

                        Comment

                        • DomBuyer
                          Confirmed User
                          • Sep 2002
                          • 2595
                          #7
                          Originally posted by Dazza
                          Propoganda from anti US parties. The dollar will be just fine, they are trying to divert your $ elsewhere. Keep it in the US people.

                            Comment

                            • flashfreak
                              Confirmed User
                              • Jun 2002
                              • 4396
                              #8
                              haha.. this must be a joke.
                              maybe you don't know that half of the investitions in EU are made by former US companies, investment funds etc.
                              if they want they can leave EU ass naked !
                              SEO Mogul | ICQ: 163671223

                                Comment

                                • warlock5
                                  Confirmed User
                                  • Jan 2004
                                  • 2808
                                  #9
                                  Some people actually believe that the US currency is dropped because of some big conspiracy against the Republicans and George Bush. Give me a fucking break. They should be teaching real economics in schools instead of 12 years of literature and grammer.

                                    Comment

                                    • GoLiaT
                                      Confirmed User
                                      • Mar 2002
                                      • 1130
                                      #10
                                      Originally posted by Dazza
                                      Propoganda from anti US parties. The dollar will be just fine, they are trying to divert your $ elsewhere. Keep it in the US people.
                                      bagdad bob switched side ?
                                      "where ever you go..there you are."

                                        Comment

                                        • TheJimmy
                                          ICQ- five seven 0 2 5 5 0
                                          • Jan 2001
                                          • 10747
                                          #11
                                          the sky is falling...


                                          .
                                          Investor with 5m - 15m USD to invest. Do you have a site or network of sites earning 50k - 200k a month income? Email your contact and preliminary data to: domain.cashventures (at) gmail.com....Please...no tire kickers...serious offers and inquiries only.

                                            Comment

                                            • Antonio
                                              Too lazy to set a custom title
                                              • Oct 2001
                                              • 14136
                                              #12
                                              I say the dollar will get stronger in a short run, buy green today, sell in a few wekks / month....

                                                Comment

                                                • VirtuMike
                                                  Confirmed User
                                                  • May 2002
                                                  • 2483
                                                  #13
                                                  I'm sorry, do you believe a guy named "Mahathir Mohamad"?
                                                  Host it in AMSTERDAM at EUROTIVITY! - We also offer BACKUP SERVICES!

                                                  XYZZY4L

                                                    Comment

                                                    • 69pornlinks
                                                      Confirmed User
                                                      • Mar 2003
                                                      • 5560
                                                      #14
                                                      Originally posted by Dazza
                                                      Propoganda from anti US parties. The dollar will be just fine, they are trying to divert your $ elsewhere. Keep it in the US people.

                                                      ...
                                                      It IS what it IS

                                                        Comment

                                                        • Dazza
                                                          Confirmed User
                                                          • Sep 2002
                                                          • 1598
                                                          #15
                                                          Sorry not sure what is funny about the truth.

                                                            Comment

                                                            • sumphatpimp
                                                              Confirmed User
                                                              • Aug 2002
                                                              • 5235
                                                              #16
                                                              The 79-year-old - who pegged his country's sinking currency firmly to the dollar when Prime Minister in 1998 - said: 'It is certainly on the way to collapse.'

                                                              pretty fucking stupid move don't you think?

                                                              this jit bag is talking out of both sides of his mouth.

                                                              he probably is planning a big move in the us dollar market and he is setting up the deal and the market.

                                                              thanks for the money suckers!

                                                                Comment

                                                                • Michael O
                                                                  More Cowbell
                                                                  • Jul 2001
                                                                  • 10607
                                                                  #17
                                                                  I get less than 50% now per signup in Danish Kroner than I did when I first started. With the falling exchange rate and lowered payout by most programs.
                                                                  It really sucks I am all for the Dollar being strong.

                                                                  Graph for the last 5 years US$ against Danish Kroner:
                                                                  Truth Teller

                                                                    Comment

                                                                    • mikeyddddd
                                                                      Viva la vulva!
                                                                      • Mar 2003
                                                                      • 16557
                                                                      #18
                                                                      Originally posted by GoLiaT
                                                                      bagdad bob switched side ?
                                                                      Baghdad Bob said

                                                                        Comment

                                                                        • Keev
                                                                          Confirmed User
                                                                          • May 2001
                                                                          • 5335
                                                                          #19
                                                                          oh well... we can be like all the other countries and accept money and not pay it back ... its our turn now LOL
                                                                          ReliableServers.com - NO REF LINK!

                                                                            Comment

                                                                            • DarkJedi
                                                                              No Refunds Issued.
                                                                              • Feb 2001
                                                                              • 28301
                                                                              #20
                                                                              Originally posted by flashfreak
                                                                              haha.. this must be a joke.
                                                                              maybe you don't know that half of the investitions in EU are made by former US companies, investment funds etc.
                                                                              if they want they can leave EU ass naked !

                                                                              yeah, thats it
                                                                              http://finance.yahoo.com/q/bc?s=USDEUR=X&t=1y


                                                                              World (and the elite) are bailing on Dollar (Bush) and you should too.

                                                                              Asian banks offload their greenbacks

                                                                              March 12, 2005
                                                                              http://www.theage.com.au/news/Busine...-offload-their
                                                                              -greenbacks/2005/03/11/1110417685655.html?oneclick=true#


                                                                              The US dollar's status as the world's main reserve currency is under threat as Asian banks back away from the superpower's ballooning twin deficits.

                                                                              Over the past three years, central banks in the region have been scaling back their holdings of US dollars amid jitters about the United States' ever-expanding current account and budget deficits, which collectively soaked up at least $US1000 billion ($A1265 billion) of foreign currency last year.

                                                                              A report by the Bank for International Settlements has estimated that the share of deposits held in US currency by Asian banks dropped to 67 per cent in the September quarter of 2004, from about 81 per cent of total deposits three years earlier.

                                                                              The figures suggest that a dramatic but not widely publicised regional shift away from the US dollar is under way.

                                                                              They follow a warning from Japanese Prime Minister Junichiro Koizumi that the Japanese central bank should consider diversifying out of US dollars. Korea expressed similar sentiments last month.

                                                                              The report said the shift had been most pronounced in India, where the ratio of reported US-dollar holdings has plummeted from around 68 per cent to 43 per cent over the three years to September 2004. China has also been scaling back its holdings, taking its share from 83 per cent to 68 per cent.

                                                                                Comment

                                                                                • swedguy
                                                                                  Confirmed User
                                                                                  • Jan 2002
                                                                                  • 7981
                                                                                  #21
                                                                                  Originally posted by Manowar
                                                                                  sucks for all non-us affiliates
                                                                                  Pretty much

                                                                                  Maybe it's time to focus more on non-US sponsors.

                                                                                    Comment

                                                                                    • swedguy
                                                                                      Confirmed User
                                                                                      • Jan 2002
                                                                                      • 7981
                                                                                      #22
                                                                                      Originally posted by VirtuMike
                                                                                      I'm sorry, do you believe a guy named "Mahathir Mohamad"?
                                                                                      Why shouldn't I?

                                                                                        Comment

                                                                                        • samsam
                                                                                          So Fucking Banned
                                                                                          • Jun 2002
                                                                                          • 682
                                                                                          #23
                                                                                          Originally posted by warlock5
                                                                                          Some people actually believe that the US currency is dropped because of some big conspiracy against the Republicans and George Bush. Give me a fucking break. They should be teaching real economics in schools instead of 12 years of literature and grammer.
                                                                                          Its got nothing to do with any conspiracy. The reason the US currency is weakening IS because of George Bush and his governments policies. That is a FUCKING fact, take it or leave it.

                                                                                          Who do you think turned a surplus into a decific. George Bush.
                                                                                          How did he do it? Mostly its to do with the HUGE cost of ongoing war and the "war against terror".

                                                                                            Comment

                                                                                            • woj
                                                                                              <&(©¿©)&>
                                                                                              • Jul 2002
                                                                                              • 47882
                                                                                              #24
                                                                                              We are all in the same ship... if dollar sinks, everyone else will drown too...
                                                                                              Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
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                                                                                                • Relish XXX
                                                                                                  Confirmed User
                                                                                                  • Dec 2004
                                                                                                  • 4904
                                                                                                  #25
                                                                                                  Originally posted by woj
                                                                                                  We are all in the same ship... if dollar sinks, everyone else will drown too...
                                                                                                  No America will drown....everyone else will take a hit cash wise then buy America!

                                                                                                    Comment

                                                                                                    • Forest
                                                                                                      Confirmed User
                                                                                                      • Aug 2001
                                                                                                      • 9135
                                                                                                      #26
                                                                                                      Originally posted by LeeNoga
                                                                                                      and we are supposed to do what?
                                                                                                      MOVE

                                                                                                        Comment

                                                                                                        • VirtuMike
                                                                                                          Confirmed User
                                                                                                          • May 2002
                                                                                                          • 2483
                                                                                                          #27
                                                                                                          It's cool. We don't mind. If the rest of the world is too stupid to buy low sell high, let them. I think it's amusing that they're buying high and selling low even though they are looking at it through the eyes of expert malaysian economists named Mohamad.
                                                                                                          Host it in AMSTERDAM at EUROTIVITY! - We also offer BACKUP SERVICES!

                                                                                                          XYZZY4L

                                                                                                            Comment

                                                                                                            • quant
                                                                                                              Registered User
                                                                                                              • Mar 2005
                                                                                                              • 53
                                                                                                              #28
                                                                                                              Mahathir Mohamad is a fascist. He doesn't like the idea of free markets.

                                                                                                              An economic catastrophe won't only be caused by the dollar. Other currencies have major problems and throughout Europe there are highly leveraged deals that stress the entire system.

                                                                                                              Read the bottom of the article:
                                                                                                              Mahathir said the only factor now holding back a collapse in the dollar's value was a worldwide fear of the consequences should the world's reserve currency go into a nosedive.
                                                                                                              Considering 40% or more of our debt is owned by foreigners, a major decline would adversely affect our investors. Plus, the lower the dollar goes the cheaper our exports become (Bush wants this). This means other countries' currencies appreciate making exports more expensive (lowering their GDP), which is why China has continued to peg their undervalued currency to the dollar to maintain their manufacturing exporting dominance.

                                                                                                              Regardless, the dollar is the reserve currency of the world, the Federal Reserve mosts controls the BIS (the central banker's bank), who's ungodly reserves are now held in the IMF's SDR (1 = 45% USD, 29% EUR, 15% YEN, 11% GBP). And of course the IMF devours smaller economies. It's survival of the fittest and I'm sure Wolfowitz will continue this at the World Bank.

                                                                                                              Traditionally we could just go to war with the creditors and destroy them, the biggest being Japan, China, and the UK. We will eventually reach a bifurcation point which will either result in global financial chaos as we fight (more) wars for resources or adapt to radical rapid changes (if technology can produce our energy needs). But that's a few years off.

                                                                                                              It still is a guarantee that the EUR/USD will make all time highs this year.

                                                                                                                Comment

                                                                                                                • woj
                                                                                                                  <&(©¿©)&>
                                                                                                                  • Jul 2002
                                                                                                                  • 47882
                                                                                                                  #29
                                                                                                                  Originally posted by quant
                                                                                                                  Mahathir Mohamad is a fascist. He doesn't like the idea of free markets.

                                                                                                                  An economic catastrophe won't only be caused by the dollar. Other currencies have major problems and throughout Europe there are highly leveraged deals that stress the entire system.

                                                                                                                  Read the bottom of the article: Considering 40% or more of our debt is owned by foreigners, a major decline would adversely affect our investors. Plus, the lower the dollar goes the cheaper our exports become (Bush wants this). This means other countries' currencies appreciate making exports more expensive (lowering their GDP), which is why China has continued to peg their undervalued currency to the dollar to maintain their manufacturing exporting dominance.

                                                                                                                  Regardless, the dollar is the reserve currency of the world, the Federal Reserve mosts controls the BIS (the central banker's bank), who's ungodly reserves are now held in the IMF's SDR (1 = 45% USD, 29% EUR, 15% YEN, 11% GBP). And of course the IMF devours smaller economies. It's survival of the fittest and I'm sure Wolfowitz will continue this at the World Bank.

                                                                                                                  Traditionally we could just go to war with the creditors and destroy them, the biggest being Japan, China, and the UK. We will eventually reach a bifurcation point which will either result in global financial chaos as we fight (more) wars for resources or adapt to radical rapid changes (if technology can produce our energy needs). But that's a few years off.

                                                                                                                  It still is a guarantee that the EUR/USD will make all time highs this year.
                                                                                                                  not bad for a first post
                                                                                                                  Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
                                                                                                                  Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager
                                                                                                                  Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

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                                                                                                                    • 0000000000000000000001000
                                                                                                                      Confirmed User
                                                                                                                      • Jan 2005
                                                                                                                      • 243
                                                                                                                      #30
                                                                                                                      Originally posted by warlock5
                                                                                                                      Some people actually believe that the US currency is dropped because of some big conspiracy against the Republicans and George Bush. Give me a fucking break. They should be teaching real economics in schools instead of 12 years of literature and grammer.
                                                                                                                      You're a crappy graphic artist charging USD 49.95 for a logotype. What do you know of economics?

                                                                                                                        Comment

                                                                                                                        • chupachups
                                                                                                                          Confirmed User
                                                                                                                          • Dec 2002
                                                                                                                          • 6576
                                                                                                                          #31
                                                                                                                          Originally posted by Dazza
                                                                                                                          Propoganda from anti US parties. The dollar will be just fine, they are trying to divert your $ elsewhere. Keep it in the US people.
                                                                                                                          Oh, get a clue....

                                                                                                                            Comment

                                                                                                                            • David!
                                                                                                                              By the wrath of Agamemnon
                                                                                                                              • Apr 2004
                                                                                                                              • 6501
                                                                                                                              #32
                                                                                                                              And that nazi midget from malaysia is supposed to be some kind of expert?
                                                                                                                              Ask Boeing and all big ticket manufacturer if a high dollar is a bad thing.
                                                                                                                              Ask manufacturer of small ticket items in the US who are getting new contracts because imports are becoming too expensive as the dollar is low.
                                                                                                                              Ask the Caribbean nations who are seeing a shift from Europe and Asia to their market for manufacturing low and medium ticket item if a low US dollar is bad.

                                                                                                                              I know Dumb Jedi cannot grasp the big picture, but this is borderline OCD
                                                                                                                              .

                                                                                                                                Comment

                                                                                                                                • Dazza
                                                                                                                                  Confirmed User
                                                                                                                                  • Sep 2002
                                                                                                                                  • 1598
                                                                                                                                  #33
                                                                                                                                  Originally posted by Chupachups
                                                                                                                                  Oh, get a clue....
                                                                                                                                  Enlighten me, oh MR god of bank reserves.
                                                                                                                                  Of course you can't, you came in for a sig spot. You have no idea what is goin on around you.

                                                                                                                                    Comment

                                                                                                                                    • Tipsy
                                                                                                                                      Confirmed User
                                                                                                                                      • Jul 2001
                                                                                                                                      • 6989
                                                                                                                                      #34
                                                                                                                                      Originally posted by Dazza
                                                                                                                                      Enlighten me, oh MR god of bank reserves.
                                                                                                                                      Of course you can't, you came in for a sig spot. You have no idea what is goin on around you.
                                                                                                                                      The funniest part of this thread is that you genuinely believe you do. Your original post alone shows that any attempts to 'enlighten you' would be wasted energy.
                                                                                                                                      Ignorance is never bliss.

                                                                                                                                        Comment

                                                                                                                                        • MetaMan
                                                                                                                                          I AM WEB 2.0
                                                                                                                                          • Jan 2003
                                                                                                                                          • 28682
                                                                                                                                          #35
                                                                                                                                          Originally posted by Relish XXX
                                                                                                                                          No America will drown....everyone else will take a hit cash wise then buy America!

                                                                                                                                          no you cant just "buy" america, you think these companies are stupid? they will just sell the companies in a different currency.

                                                                                                                                            Comment

                                                                                                                                            • jukeboxfrank
                                                                                                                                              Confirmed User
                                                                                                                                              • Apr 2004
                                                                                                                                              • 1207
                                                                                                                                              #36
                                                                                                                                              Ya the dollar is worth shit.....send them all to me I will give you box tops of your favorite cereal .....Now that is a deal!!!!


                                                                                                                                              ICQ= 231-182-592

                                                                                                                                                Comment

                                                                                                                                                • Webby
                                                                                                                                                  Too lazy to set a custom title
                                                                                                                                                  • Oct 2002
                                                                                                                                                  • 14956
                                                                                                                                                  #37
                                                                                                                                                  Originally posted by flashfreak
                                                                                                                                                  haha.. this must be a joke.
                                                                                                                                                  maybe you don't know that half of the investitions in EU are made by former US companies, investment funds etc.
                                                                                                                                                  if they want they can leave EU ass naked !
                                                                                                                                                  Joke? Na.. it's no joke!

                                                                                                                                                  This is not something new and has been happening for several years now. Foreign corps and other nations had been investing in the US market at a high level. This took a dramatic downturn within a few months in.. think it was late 2002 when US foreign investments funds dropped to around 10% of the then "norm". Since then, there has been some increase, but not near on the levels that existed previously.

                                                                                                                                                  Add the enormous debts which are ongoing in trade imbalances and other areas and it does not take any expert to see there is massive trouble ahead.

                                                                                                                                                  BTW.. The comment that half EU investment is made by US corps is nowhere near any truth. If anything, forgetting just the EU, the US debts to other countries is more of a concern.

                                                                                                                                                  The comments about "it sucks for non-US affilates" is not really valid either, cos US folks will end up paying the price as well - it's all in the goods imported and the "real cost" of these cheap products after financial/dollar conversions are added.

                                                                                                                                                  Bottom line... It ain't good for anyone, whether they are in the US or elsewhere cos the ripple effects are just massive, - even forgetting other possible action if the dollar decreases further. Example - anyone think OPEC will want to continue pricing oil in dollars?:-) They have been patient so far, but there can come a time for change.

                                                                                                                                                  It's a damned dangerous time - mainly for the US, but many other countries as well.
                                                                                                                                                  XXX TLD's - Another mosquito to swat.

                                                                                                                                                    Comment

                                                                                                                                                    • $5 submissions
                                                                                                                                                      I help you SUCCEED
                                                                                                                                                      • Nov 2003
                                                                                                                                                      • 32195
                                                                                                                                                      #38
                                                                                                                                                      We need another Robert Rubin to formulate fiscal management policies. Under Mr. Rubin (Clinton administration), the US actually enjoyed a SURPLUS.

                                                                                                                                                        Comment

                                                                                                                                                        • Webby
                                                                                                                                                          Too lazy to set a custom title
                                                                                                                                                          • Oct 2002
                                                                                                                                                          • 14956
                                                                                                                                                          #39
                                                                                                                                                          Originally posted by MetaMan
                                                                                                                                                          no you cant just "buy" america, you think these companies are stupid? they will just sell the companies in a different currency.

                                                                                                                                                          Well... there can be a nice time to buy some of the US - but don't think we reached the rock bottom price yet

                                                                                                                                                          Example... thinking real estate. I'd love to buy some shit using any other currency... eg. Pounds Sterling, Euros or whatever.. and be paying dollar price :-) It's even an attractive proposition right now, but probably get even better value shortly.

                                                                                                                                                          But on corps - you are right. Just change the scenario around and start thinking in other currencies with stable values. (Much as in the OPEC comment above).

                                                                                                                                                          BTW... In adult biz, we got the first processor in the case of Verotel who have introduced multiple currency payment options. Verotel are not going to be alone on this and others will follow. It makes sense when ya earn roughly extra 20% in profits simply by currency values.
                                                                                                                                                          XXX TLD's - Another mosquito to swat.

                                                                                                                                                            Comment

                                                                                                                                                            • WarChild
                                                                                                                                                              Let slip the dogs of war.
                                                                                                                                                              • Jan 2003
                                                                                                                                                              • 17263
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by Webby
                                                                                                                                                              Joke? Na.. it's no joke!
                                                                                                                                                              Example - anyone think OPEC will want to continue pricing oil in dollars?:-) They have been patient so far, but there can come a time for change.

                                                                                                                                                              It's a damned dangerous time - mainly for the US, but many other countries as well.
                                                                                                                                                              OPEC leaders that try to change the Petro Dollar Standard will be met with swift and blinding regime change.
                                                                                                                                                              .

                                                                                                                                                                Comment

                                                                                                                                                                • directfiesta
                                                                                                                                                                  Too lazy to set a custom title
                                                                                                                                                                  • Oct 2002
                                                                                                                                                                  • 30135
                                                                                                                                                                  #41
                                                                                                                                                                  Originally posted by VirtuMike
                                                                                                                                                                  I'm sorry, do you believe a guy named "Mahathir Mohamad"?
                                                                                                                                                                  Why not. Some believe a man named GEORGE BUSH ....
                                                                                                                                                                  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 ....

                                                                                                                                                                    Comment

                                                                                                                                                                    • directfiesta
                                                                                                                                                                      Too lazy to set a custom title
                                                                                                                                                                      • Oct 2002
                                                                                                                                                                      • 30135
                                                                                                                                                                      #42
                                                                                                                                                                      [QUOTE=samsam]

                                                                                                                                                                      Who do you think turned a surplus into a decific. George Bush.
                                                                                                                                                                      QUOTE]

                                                                                                                                                                      LOL ... you will get a few gop here saying that the surplus never existed ....

                                                                                                                                                                      Don't know ... but I am sure that the deficit sure does ...
                                                                                                                                                                      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 ....

                                                                                                                                                                        Comment

                                                                                                                                                                        • Webby
                                                                                                                                                                          Too lazy to set a custom title
                                                                                                                                                                          • Oct 2002
                                                                                                                                                                          • 14956
                                                                                                                                                                          #43
                                                                                                                                                                          Originally posted by WarChild
                                                                                                                                                                          OPEC leaders that try to change the Petro Dollar Standard will be met with swift and blinding regime change.
                                                                                                                                                                          I thought that's what may be the immediate reaction!

                                                                                                                                                                          Tho shit... it's their oil and is not just one country involved and, other countries *may* at some time be in agreement if the dollar continues to drop tho it's not even attractive prospect because of the ripple effect. It's too big a ripple :-)

                                                                                                                                                                          But.. it *could* happen over time and be phased in or some other mechanism put in place to kill the volatile currency fluctuation which is no good for anyone.
                                                                                                                                                                          XXX TLD's - Another mosquito to swat.

                                                                                                                                                                            Comment

                                                                                                                                                                            • chupachups
                                                                                                                                                                              Confirmed User
                                                                                                                                                                              • Dec 2002
                                                                                                                                                                              • 6576
                                                                                                                                                                              #44
                                                                                                                                                                              Originally posted by Dazza
                                                                                                                                                                              Enlighten me, oh MR god of bank reserves.
                                                                                                                                                                              Of course you can't, you came in for a sig spot. You have no idea what is goin on around you.

                                                                                                                                                                              Dude, for fucks sake.... I have a degree in economics. And yeah, think real hard about it and you´ll understand I am not trying to get any sig impression....

                                                                                                                                                                                Comment

                                                                                                                                                                                • Shoehorn!
                                                                                                                                                                                  Die With Your Boots On
                                                                                                                                                                                  • Oct 2003
                                                                                                                                                                                  • 22872
                                                                                                                                                                                  #45
                                                                                                                                                                                  Originally posted by mikeyddddd
                                                                                                                                                                                  Baghdad Bob said
                                                                                                                                                                                  Greatest sig ever.

                                                                                                                                                                                    Comment

                                                                                                                                                                                    • kenny
                                                                                                                                                                                      Confirmed User
                                                                                                                                                                                      • Mar 2002
                                                                                                                                                                                      • 7245
                                                                                                                                                                                      #46
                                                                                                                                                                                      The sky is falling.. LOOK! LOOK!
                                                                                                                                                                                      7

                                                                                                                                                                                        Comment

                                                                                                                                                                                        • Bake
                                                                                                                                                                                          Confirmed User
                                                                                                                                                                                          • Jan 2001
                                                                                                                                                                                          • 5912
                                                                                                                                                                                          #47
                                                                                                                                                                                          Time to find sponsors that pay in EU dollars. I know for fact that the shitty US dollar has cost me 30k this year.
                                                                                                                                                                                          Buy great domains from drunken burned out old webmaster CHEAP bullseyeporn.com art-met.com and more.
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                                                                                                                                                                                            • $5 submissions
                                                                                                                                                                                              I help you SUCCEED
                                                                                                                                                                                              • Nov 2003
                                                                                                                                                                                              • 32195
                                                                                                                                                                                              #48
                                                                                                                                                                                              Time to open a Euro acct

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                                                                                                                                                                                                • Mike Okitch
                                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                                  • May 2004
                                                                                                                                                                                                  • 4126
                                                                                                                                                                                                  #49
                                                                                                                                                                                                  Originally posted by DarkJedi
                                                                                                                                                                                                  SHARP-tongued Mahathir Mohamad, scourge of currency traders worldwide, has said the US dollar is headed for a 'catastrophe' and will never regain its old strength.

                                                                                                                                                                                                  The former Malaysian leader said Washington's bulging deficits would ultimately sink the greenback. 'The catastrophe will come one day because even the most powerful country in the world cannot repay loans amounting to $7 trillion (£3.7 trillion),' he reportedly told an Asian business conference.

                                                                                                                                                                                                  The 79-year-old - who pegged his country's sinking currency firmly to the dollar when Prime Minister in 1998 - said: 'It is certainly on the way to collapse.'

                                                                                                                                                                                                  Mahathir advised the audience of executives to steer clear of accepting the dollar as it was unstable, and likely to drop further.

                                                                                                                                                                                                  http://www.thisislondon.com/news/bus...399280?source=

                                                                                                                                                                                                  He promised not to hold back and tell his opinion when he left his old job. I'm liking that guy more and more.
                                                                                                                                                                                                  SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

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                                                                                                                                                                                                    • reynold
                                                                                                                                                                                                      Too lazy to set a custom title
                                                                                                                                                                                                      • Oct 2002
                                                                                                                                                                                                      • 51271
                                                                                                                                                                                                      #50
                                                                                                                                                                                                      That sucks.

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