Is the end near for the US Dollar? - GoFuckYourself.com

jjjay · 05-14-2006, 11:07 AM

It's lost 7% against most other major currencies since the start of April.

And this is having the knock on effect of dragging down stock markets.

And on top of this all, stock markets have a habit of tumbling after a new Fed chairman takes over.

Is it all over for the US Dollar with the Euro becoming one of the world's major reserve currencies?

jjjay · 05-14-2006, 11:13 AM

well I'm sorry, is this too serious for a sunday thread?

let me start a new one about shakira's tits...

Yngwie · 05-14-2006, 11:22 AM

well, all I know is it's not looking good for the US dollar.

NoWhErE · 05-14-2006, 11:22 AM

Quote:

Originally Posted by jjjay

well I'm sorry, is this too serious for a sunday thread?

let me start a new one about shakira's tits...

Its not that its to serious, is that there are 20 other threads exactly like this...

Yngwie · 05-14-2006, 11:23 AM

I just do not want it to go below the Canadian dollar. That will make my earning take a shit kicking.

Pornwolf · 05-14-2006, 11:50 AM

Quote:

Originally Posted by Yngwie

I just do not want it to go below the Canadian dollar. That will make my earning take a shit kicking.

Sorry, that's about 2 months away from happening.

TheBuyer · 05-14-2006, 12:07 PM

Government is spending their way to hell. And they will bring down the greenback with them.

RayBonga · 05-14-2006, 12:09 PM

But Iraq is now a Democarcy (at least until civil war starts).

And that's priceless

Michael O · 05-14-2006, 12:49 PM

US$ against Danish Kroner while I've been working online.
It hurts and I want it back to 7-8 kroner for each US$

Rolo · 05-14-2006, 02:16 PM

I´m not sure european exporting companies could take a 10-20% drop in the USD value over the next 1-5 years, which is what some currency forecasters have predicted.

So question will be what will the EU and others do, when the USD looses too much too fast (high oil price, and US deficit will not go away in the near future).

Now let GFY return to the meaningless surfmaster jabber - you are interrupting their thought flow with your worthwhile thread

pstation · 05-14-2006, 02:26 PM

Quote:

Originally Posted by jjjay

well I'm sorry, is this too serious for a sunday thread?

let me start a new one about shakira's tits...

still waiting for that thread about shakira's tits

RogerV7 · 05-14-2006, 02:30 PM

we have the euro and that sucks big time. i have to earn more usd to have the same life style as i had

Kimo · 05-14-2006, 02:30 PM

buy gold

jimthefeind · 05-14-2006, 08:40 PM

Quote:

Originally Posted by jjjay

well I'm sorry, is this too serious for a sunday thread?

let me start a new one about shakira's tits...

Yes, you are an idiot.

I think everyone hates you and your stupid threads. Some people respond to your thread because the feel sorry for you.

Try posting threads that aren't hated by most GFY members you jackass.

soulboy · 05-14-2006, 08:44 PM

currency always variates but i really doubt that this will be the end of the US$. This has some benefits also, for example a depreciation of the US currency incentives the export of US goods to other markets (Europe, Asia, etc...).

Rebecca Love · 05-14-2006, 08:57 PM

Quote:

Originally Posted by Kimo

buy gold

indeed...

fetishblog · 05-14-2006, 09:04 PM

It's dragging down the stock market? The NYSE closed at almost record levels all of last week. Not to mention our trade deficit is DOWN for the 2nd month in a row. Our economy is solid.

Webby · 05-14-2006, 09:11 PM

Quote:

Originally Posted by soulboy

currency always variates but i really doubt that this will be the end of the US$. This has some benefits also, for example a depreciation of the US currency incentives the export of US goods to other markets (Europe, Asia, etc...).

Mmm.. the problem is despite export incentives that is not happening and not likely to happen on any significant scale. The US has two, unfortunately these are the only two, commodities which produce a trade surplus - wheat and arms.

There is prob some chance of increased trading with the EU, but very little in trading with the much larger Asian market.

At the moment US imports are simply not sustainable - it's like permanently living off credit cards. The US very badly needs a sound and competitive manufacturing base and it will take many decades to ever come close to having an overall trading surplus - and smell it's prob too late to be starting this now.

dready · 05-14-2006, 09:20 PM

Countries will have to start buying and selling oil in Euros before it can take over as the major reserve currency.

madawgz · 05-14-2006, 09:21 PM

the us dollar wont go up until bush pays his debts...

Webby · 05-14-2006, 09:24 PM

Quote:

Originally Posted by fetishblog

It's dragging down the stock market? The NYSE closed at almost record levels all of last week. Not to mention our trade deficit is DOWN for the 2nd month in a row. Our economy is solid.

DUH??

You checked the last time the US actually had a trading surplus? I'd need to check, but think it was in the 1960's. The overall trade deficit has increased around 3.5 times since 1990.

A couple of days on the NYSE has nada meaning - let's see a year of decreasing trade deficits and there may be something in that trend.

Don't even dream that "our ecomomy is solid" - that's like the CEO trying to create confidence the day before the company files for bankruptcy

AlienQ - BANNED FOR LIFE · 05-14-2006, 09:26 PM

Outsourcing rules!

minusonebit · 05-14-2006, 09:35 PM

This is worth more than the US Dollar:

mattz · 05-14-2006, 09:36 PM

its all over

swingingina · 05-14-2006, 09:42 PM

the effect is felt harder for those who have less...

jjjay · 05-15-2006, 08:19 AM

Quote:

Originally Posted by Rolo

I´m not sure european exporting companies could take a 10-20% drop in the USD value over the next 1-5 years, which is what some currency forecasters have predicted.

So question will be what will the EU and others do, when the USD looses too much too fast (high oil price, and US deficit will not go away in the near future).

Now let GFY return to the meaningless surfmaster jabber - you are interrupting their thought flow with your worthwhile thread

yup. I know this has been talked about for ages, but looking at the headlines (in serious papers) over the last few days, it appears to be happening NOW.

For example - it looks VERY likely that it will be 1 GBP = 2 USD which hasn't happened for over 20 years

plus the chinese currency is going up in value against the USD which is very serious, plus chinese interest rates are going up

and on top of this stock markets have dropped pretty sharply over the last few days

basically, what doom mongerers have been talking about for years seems to be happening right now

how far this "correction" goes, we'll have to see...

jjjay · 05-15-2006, 08:20 AM

Quote:

Originally Posted by jimthefeind

Yes, you are an idiot.

I think everyone hates you and your stupid threads. Some people respond to your thread because the feel sorry for you.

Try posting threads that aren't hated by most GFY members you jackass.

well, I'm not the one pretending to be jimthefiend

dodger21 · 05-15-2006, 08:20 AM

Quote:

Originally Posted by jjjay

let me start a new one about shakira's tits...

Well???????????

Dollarmansteve · 05-15-2006, 08:30 AM

All I have to say on the subject is this. The largest economic power on the planet does not allow its currency to devaluate on the global market unless it is by design. If the powers that be wanted to prop-up the dollar, they would do so.

The current account deficit that the US has been running for the past several decades is unsustainable - and the 'strong dollar' policy is no longer a prudent one. I can assure you that the foreign debt load now held is at a critical level and the US economy cannot afford to borrow from the rest of the world for any longer. A weaker US currency is vital to closing the trade gap.

Dollarmansteve · 05-15-2006, 08:33 AM

Can I also point out that those most directly affected by a weaker US dollar are the ones holding it. When the US runs current account deficits it means that there is a net outflow of currency - in simple terms, US dollars are used to buy the currecy needed in trade - and the exporting country holds the US currency. I believe that China has the largest foreign reserve of US cash on the planet - every tick that the US dollar goes down costs the Chinese central bank tens of millions of dollars in value.

Basic_man · 05-15-2006, 08:34 AM

Canadian dollar is going strong agains USD... that's not good for me

MaddCaz · 05-15-2006, 08:35 AM

I highly doubt it, yo

TheLegacy · 05-15-2006, 08:38 AM

the american dollar is exactly where Bush wants it to be - sad for us canadians who enjoy a stronger american dollar, but this wont last forever.

Quagmire · 05-15-2006, 08:49 AM

I miss the days of getting a $1.40+ for a USD.. getting $1.08 is horrible. Its like actually working for a living now.

jjjay · 05-15-2006, 09:33 AM

Quote:

Originally Posted by Dollarmansteve

Can I also point out that those most directly affected by a weaker US dollar are the ones holding it. When the US runs current account deficits it means that there is a net outflow of currency - in simple terms, US dollars are used to buy the currecy needed in trade - and the exporting country holds the US currency. I believe that China has the largest foreign reserve of US cash on the planet - every tick that the US dollar goes down costs the Chinese central bank tens of millions of dollars in value.

thanks for the detailed answers

I'm genuinly worried - when the headlines at ft.com start spelling doom, you know something's up

might be time to start doing a lot more local biz in my own currency to hedge the risk

ajrocks · 05-15-2006, 09:45 AM

The US dollar is so devalued because of debit and the fact that they are printing money likes its going out of style. It will be on par with the Canadian dollar within 6 months. FAK ME! Time to start saving in Euros!

05-14-2006, 11:07 AM	#1
jjjay Registered User Join Date: Jun 2005 Posts: 1,813	Is the end near for the US Dollar? It's lost 7% against most other major currencies since the start of April. And this is having the knock on effect of dragging down stock markets. And on top of this all, stock markets have a habit of tumbling after a new Fed chairman takes over. Is it all over for the US Dollar with the Euro becoming one of the world's major reserve currencies?

05-14-2006, 11:22 AM	#3
Yngwie I am an Alien from space Industry Role: Join Date: May 2003 Location: Ontario, Canada Posts: 11,118	well, all I know is it's not looking good for the US dollar. __________________ ICQ: 16544251 - Skype: gator37 @ eastlink.ca - email: yngwie @ isys.ca

05-14-2006, 11:23 AM	#5
Yngwie I am an Alien from space Industry Role: Join Date: May 2003 Location: Ontario, Canada Posts: 11,118	I just do not want it to go below the Canadian dollar. That will make my earning take a shit kicking. __________________ ICQ: 16544251 - Skype: gator37 @ eastlink.ca - email: yngwie @ isys.ca

05-14-2006, 12:49 PM	#9
Michael O More Cowbell Industry Role: Join Date: Jul 2001 Location: Nakhom Nowhere Posts: 10,607	US$ against Danish Kroner while I've been working online. It hurts and I want it back to 7-8 kroner for each US$ __________________ Truth Teller Last edited by TexasDreams; 08-03-2006 at 11:23 AM..

05-14-2006, 02:16 PM	#10
Rolo Confirmed User Join Date: Dec 2002 Posts: 555	I´m not sure european exporting companies could take a 10-20% drop in the USD value over the next 1-5 years, which is what some currency forecasters have predicted. So question will be what will the EU and others do, when the USD looses too much too fast (high oil price, and US deficit will not go away in the near future). Now let GFY return to the meaningless surfmaster jabber - you are interrupting their thought flow with your worthwhile thread __________________ Surfmastering : a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery

05-14-2006, 11:13 AM	#2
jjjay Registered User Join Date: Jun 2005 Posts: 1,813	well I'm sorry, is this too serious for a sunday thread? let me start a new one about shakira's tits...

05-14-2006, 12:07 PM	#7
TheBuyer Registered User Join Date: May 2006 Posts: 44	Government is spending their way to hell. And they will bring down the greenback with them.

05-14-2006, 12:09 PM	#8
RayBonga too cool for highschool Join Date: Nov 2005 Location: East side, West side, Worldwide! Posts: 12,164	But Iraq is now a Democarcy (at least until civil war starts). And that's priceless

05-14-2006, 02:30 PM	#12
RogerV7 Confirmed User Join Date: May 2006 Posts: 323	we have the euro and that sucks big time. i have to earn more usd to have the same life style as i had __________________ hmmmm what to put here

05-14-2006, 02:30 PM	#13
Kimo ... Join Date: Jan 2006 Location: Maryland ICQ:87038677 Posts: 11,542	buy gold __________________ ...

05-14-2006, 08:44 PM	#15
soulboy Confirmed User Join Date: Apr 2004 Posts: 663	currency always variates but i really doubt that this will be the end of the US$. This has some benefits also, for example a depreciation of the US currency incentives the export of US goods to other markets (Europe, Asia, etc...). __________________ 500GB + 5TB BW @ $5.95 \| LEarn how to generate 1 MILLION of hits \| Increase your PR - Best SEO Software

05-14-2006, 09:04 PM	#17
fetishblog Confirmed User Join Date: Sep 2005 Location: Your mom is my favorite pornstar!#% Posts: 5,995	It's dragging down the stock market? The NYSE closed at almost record levels all of last week. Not to mention our trade deficit is DOWN for the 2nd month in a row. Our economy is solid. __________________ Fling.com doesn't steal your traffic and sales unlike some other dating companies. I promote them, and so should you!

05-14-2006, 09:20 PM	#19
dready Confirmed User Industry Role: Join Date: Oct 2002 Location: Toronto, ON Posts: 5,247	Countries will have to start buying and selling oil in Euros before it can take over as the major reserve currency. __________________ ICQ: 91139591

05-14-2006, 09:21 PM	#20
madawgz 8.8.8.8 Industry Role: Join Date: Mar 2006 Location: Noordermarkt Posts: 30,509	the us dollar wont go up until bush pays his debts... __________________ TAEMDLRMSKRJIXMRLSMRJ.

05-14-2006, 09:26 PM	#22
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	Outsourcing rules! __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

05-14-2006, 09:35 PM	#23
minusonebit So Fucking Banned Join Date: Feb 2006 Location: [email protected] Posts: 7,391	This is worth more than the US Dollar:

05-14-2006, 09:36 PM	#24
mattz Confirmed User Industry Role: Join Date: Dec 2001 Location: AZ Posts: 7,697	its all over

05-14-2006, 09:42 PM	#25
swingingina Confirmed User Join Date: Nov 2005 Location: st pete beach Fla Posts: 199	the effect is felt harder for those who have less... __________________

05-15-2006, 08:30 AM	#29
Dollarmansteve Confirmed User Join Date: May 2005 Location: T.O. Posts: 2,849	All I have to say on the subject is this. The largest economic power on the planet does not allow its currency to devaluate on the global market unless it is by design. If the powers that be wanted to prop-up the dollar, they would do so. The current account deficit that the US has been running for the past several decades is unsustainable - and the 'strong dollar' policy is no longer a prudent one. I can assure you that the foreign debt load now held is at a critical level and the US economy cannot afford to borrow from the rest of the world for any longer. A weaker US currency is vital to closing the trade gap. __________________ I died.

05-15-2006, 08:33 AM	#30
Dollarmansteve Confirmed User Join Date: May 2005 Location: T.O. Posts: 2,849	Can I also point out that those most directly affected by a weaker US dollar are the ones holding it. When the US runs current account deficits it means that there is a net outflow of currency - in simple terms, US dollars are used to buy the currecy needed in trade - and the exporting country holds the US currency. I believe that China has the largest foreign reserve of US cash on the planet - every tick that the US dollar goes down costs the Chinese central bank tens of millions of dollars in value. __________________ I died.

05-15-2006, 08:34 AM	#31
Basic_man Programming King Pin Industry Role: Join Date: Oct 2003 Location: Montreal Posts: 27,360	Canadian dollar is going strong agains USD... that's not good for me __________________ UUGallery Builder - automated photo/video gallery plugin for Wordpress! Stop looking! Checkout Naked Hosting, online since 1999 !

05-15-2006, 08:35 AM	#32
MaddCaz Confirmed User Join Date: Mar 2006 Location: Illinois Posts: 9,483	I highly doubt it, yo __________________ BigCocks.com - MatureWomen.com - Tranny.com - DrunkGirls.com - TeenGirls.com - MonsterCock.com and many more... Click here to see them all!

05-15-2006, 08:38 AM	#33
TheLegacy SEO Connoisseur Industry Role: Join Date: Apr 2003 Location: Brantford, Ontario Posts: 17,079	the american dollar is exactly where Bush wants it to be - sad for us canadians who enjoy a stronger american dollar, but this wont last forever. __________________ SEO Connoisseur Microsoft Teams: Robert Warren SEO Telegram: @TheLegacy54 RobertWarrenSEO.com

05-15-2006, 08:49 AM	#34
Quagmire Confirmed User Join Date: Jul 2005 Location: Stinkin' up your bathroom Posts: 6,490	I miss the days of getting a $1.40+ for a USD.. getting $1.08 is horrible. Its like actually working for a living now. __________________

05-15-2006, 09:45 AM	#36
ajrocks Confirmed User Join Date: Nov 2004 Location: On Uranus Posts: 4,526	The US dollar is so devalued because of debit and the fact that they are printing money likes its going out of style. It will be on par with the Canadian dollar within 6 months. FAK ME! Time to start saving in Euros! __________________ SEO Strategy - Digital Strategy - Cannabis Lead Generation Skype aj.durden1