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-   -   What the hell is up with the American Dollar? (https://gfy.com/showthread.php?t=744500)

wdforty 06-20-2007 05:50 PM

Same story in Australia.. one AUD buys US 84 cents. I remember when it used to be around the 65 cent mark :(

tehHinjew 06-20-2007 07:17 PM

i went to the bank to deposit a TCG check today and my heart cried a little bit..
good thing i opend up a US account so it just sits there

Drake 06-20-2007 07:23 PM

For how long will it stay this way :-(

Who wants to travel to Europe if it's going to cost 50% extra for everything you buy.

SPACE GLIDER 06-20-2007 07:29 PM

Quote:

Originally Posted by Mike33 (Post 12633200)
For how long will it stay this way :-(

Who wants to travel to Europe if it's going to cost 50% extra for everything you buy.

THANK YOU

Jaeger 06-20-2007 08:16 PM

Quote:

Originally Posted by wdforty (Post 12632885)
Same story in Australia.. one AUD buys US 84 cents. I remember when it used to be around the 65 cent mark :(

Dude im from Australia, and i got in this so long ago that i remember when it was around the 58 mark, that was about 4-5 years ago.

Now my bank is giving me 86 cents

Combined with less and less sales and such a fucked up exchange im beginning to think this isnt worth it..

By the way, we should get paid in euros that would stop the USD problem!

wdforty 06-20-2007 08:21 PM

Quote:

Originally Posted by Jaeger (Post 12633363)
By the way, we should get paid in euros that would stop the USD problem!

That'd be nice! :)

ZoneMaster 06-20-2007 08:24 PM

Quote:

Originally Posted by Jaeger (Post 12633363)
By the way, we should get paid in euros that would stop the USD problem!

That will come to pass :thumbsup

Snake Doctor 06-20-2007 09:25 PM

Boy there are some real morons here (like that's shocking or something)

No way I can reply to each idiotic post individually, so I'll just say this.

Inflation in the U.S. is next to nothing, the cost of the average basket of goods for the U.S. consumer hasn't changed, so why should we give a flying fuck how many dollars equals a euro?

IF we have an inflation problem then the U.S. consumer should worry about a "weak dollar", otherwise it doesn't matter to us.

If the dollar is weak against other currencies it means that U.S. produced goods are cheaper for foreigners to buy AND it means that those same goods are cheaper (relatively speaking) for U.S. consumers to buy.
All of that IS GOOD NEWS for the average American.

ZoneMaster 06-20-2007 09:40 PM

Quote:

Originally Posted by Lenny2 (Post 12633584)
Inflation in the U.S. is next to nothing, the cost of the average basket of goods for the U.S. consumer hasn't changed, so why should we give a flying fuck how many dollars equals a euro?

So magically a weak dollar trying to purchase imported product from China, Japan and the EU has no effect whatsoever on the average US person? That's a unique concept.

Quote:

Originally Posted by Lenny2 (Post 12633584)
IF we have an inflation problem then the U.S. consumer should worry about a "weak dollar", otherwise it doesn't matter to us.

Inflation and a weak dollar are totally different subjects. Keeping to the thread subject - a weak dollar means more purchasing cost on imported product. Trust me - Wallmart know this well.

Quote:

Originally Posted by Lenny2 (Post 12633584)
If the dollar is weak against other currencies it means that U.S. produced goods are cheaper for foreigners to buy AND it means that those same goods are cheaper (relatively speaking) for U.S. consumers to buy.
All of that IS GOOD NEWS for the average American.

Correct - it's fair to say a weak dollar should encourage an increase in exports. However, that is not happening in practice and the trade deficit has been a total failure for decades.

The basic problem, with exceptions, is that US consumption level far exceeds the ability to manufacture/export at competitive prices and this has been the case for roughly three decades. To support current consumption loans are being granted from other nations with China being the main lender of roughly 30% of loans.

jonesonyou 06-20-2007 09:44 PM

the fall of the empire.

Dirty Dane 06-20-2007 11:26 PM

50 dollars?

SonnyB 06-21-2007 12:23 AM

start chatging in euro.

Matt_WildCash 06-21-2007 12:33 AM

The dollar is in the shiiter, we are at 0.84 cents to the dollar in Australian, it has been 0.72 cents for years but in the last 2 months dropped another 12 %, thats our wages gone up 12% in 2 months doh!

ZoneMaster 06-21-2007 12:41 AM

Quote:

Originally Posted by Matt_WildCash (Post 12634145)
The dollar is in the shiiter, we are at 0.84 cents to the dollar in Australian, it has been 0.72 cents for years but in the last 2 months dropped another 12 %, thats our wages gone up 12% in 2 months doh!

Mmmm... just noticed the dollar has dropped another few cents against the Euro.. 1.00 EUR = 1.33828 USD. Was 1.37 ish until recently...

georgeyw 06-21-2007 01:30 AM

Quote:

Originally Posted by baddog (Post 12632045)
California wines are perfect, I would never buy French. I drive American cars and bikes. I don't recall the last time I bought something made in China

You drive a 300C right? Think you might want to check where the parts are sourced :2 cents:


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