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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Confirmed User
Industry Role:
Join Date: Mar 2006
Location: Lots of different places
Posts: 464
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US Dollar Woes (memories of a great USD/AUD life)
It struck me yesterday as I was filling up my car with gas here in the States that the USD is really fucked
It took $60 USD to fill my car which is pretty much the norm now And then I remembered that back only a few years ago I used to get $2 AUD for ever $1 USD So that tank of Gas was the equivalent of $120 AUD from only a few years ago $60USD now gets me $65.19AUD $60USD now gets me 38Euro $60USD now gets me 2501 PHP (Philippines) I mean the USD has even dropped against the fucking Philippines Where is the bottom of this shitfull trend I wonder
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Evil Is As Evil Does |
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#2 |
The Profiler
Industry Role:
Join Date: Oct 2002
Location: ICQ 76281726 and I'm female
Posts: 14,618
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No idea but it is painful indeed.
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#3 |
So Fucking Banned
Join Date: Aug 2003
Location: ICQ #23642053
Posts: 19,593
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It'll get much much worse before it gets better.
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#4 |
Confirmed User
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Join Date: Sep 2003
Location: (Still) One Touch Cockie
Posts: 3,821
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It's truly astonishing
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#5 |
Confirmed User
Join Date: Nov 2003
Location: Prague
Posts: 2,733
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I think most Americans don't realize the extent of this, they might if the overal price level of imports will start rising, all of a sudden Wallmart will become more expensive.
The US dollar is down against basically every currency in the fucking world
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#6 |
Confirmed User
Join Date: Jan 2003
Location: Los Angeles
Posts: 2,680
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only way this will be fixed is to RAISE interest rates, not cut them.
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icq: 237055440 |
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#7 | |
Keyboard Warrior
Join Date: Feb 2001
Location: One of the outer rings of Hell
Posts: 9,653
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Quote:
Here is a graphic posted by a friend detailing how the Japanese market was affected after the Fed cut interest rates. ![]() You don't think the WORLD's LARGEST Economy failing is going to affect the rest of the world? Everyone is in for rude awakening, not just Americans.
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#8 |
Choice is an Illusion
Industry Role:
Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
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#9 | |
So Fucking Banned
Join Date: Aug 2003
Location: ICQ #23642053
Posts: 19,593
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Quote:
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#10 | |
Confirmed User
Join Date: Jun 2006
Location: EU
Posts: 1,263
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Quote:
The US needs to do a correction to the rest of the world, rise taxes or lower goverment costs, so the debt increasing will stop. The longer the wait - the harder it will be when the bottom falls out of the USD. And yes, I love the US, and we fucking need you guys to stay afloat both political and economical, so we europeans are not left with the socialists and religious nuts in the world.
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#11 |
Too lazy to set a custom title
Join Date: Feb 2001
Location: Tube Titans, USA
Posts: 11,929
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I am pretty sure that Italy and Japan have more debt relative to their GDP than the US. Also if I remember correctly the US debt to GDP ratio is about average for the G7 countries. been a few years since I looked it up.
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#12 | |
Confirmed User
Join Date: Jun 2006
Location: EU
Posts: 1,263
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Quote:
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#13 |
Confirmed User
Join Date: Nov 2003
Location: Prague
Posts: 2,733
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difference is that Italian and Japanese people don't have so much personal debt as the American people + they have strong social structures (health care, ...) which prevent people from falling into poverty, it's those same structures that enable Europe to only need 2% growth a year instead of the US's 5% to be healthy
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#14 |
Confirmed User
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Join Date: Dec 2006
Location: Along the shore.
Posts: 1,557
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#15 |
Ah My Balls
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Join Date: Feb 2007
Location: Under the gold leaf ICQ 388-454-421
Posts: 14,311
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two major factors have hidden the dollar woes from the avg US citizen. Illegal immigration and chinese/cheap imports. I feel bad for the rest of the world
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#16 |
null
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Join Date: May 2006
Posts: 9,820
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#17 |
Keyboard Warrior
Join Date: Feb 2001
Location: One of the outer rings of Hell
Posts: 9,653
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There's the catch 22. We are over in Iraq right now to establish a beachead to keep the buying and selling of Oil in US Dollars. Once the US Dollar is no longer the currency of choice for OPEC, we are fucked. Beyond fucked.
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#18 |
Ah My Balls
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Join Date: Feb 2007
Location: Under the gold leaf ICQ 388-454-421
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Some say that is one of the main reasons we went into Iraq to begin with because Saddam was going to drop the dollar.
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#19 |
Confirmed User
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Location: Toronto
Posts: 8,475
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#20 |
Confirmed User
Join Date: Nov 2003
Location: Prague
Posts: 2,733
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you remember how Bush promised he was going to protect the American people from high oil prices, which would happen under a Gore Presidency?
my god, how much beter the world would have been if Florida could hold fair elections, now we got half a million dead Iraqis and the US dollar in the crapper
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#21 |
Confirmed User
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Join Date: May 2001
Location: Australia
Posts: 934
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http://en.wikipedia.org/wiki/Great_Depression
http://images.businessweek.com/ss/07...depression.jpg http://cache.eb.com/eb/image?id=95714&rendTypeId=4 A depression is just like being unemployed, except that instead of having potatos u have nothing, and neither does anyone else. -Ben
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#22 |
Confirmed User
Join Date: Jan 2004
Location: Scotland
Posts: 6,720
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I still think it'll end up boucing back as soon as Bush leaves office
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#23 | |
Confirmed User
Join Date: Nov 2003
Location: Prague
Posts: 2,733
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Quote:
step 1: stop funding war profiteers
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#24 | |
Confirmed User
Industry Role:
Join Date: May 2001
Location: Australia
Posts: 934
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Quote:
Oil is so undervalued. It's so cheap we burn it! .... When it could be used to cure cancer, build faster computers, take us into space, anything, if you know anything about chemistry you'll know how handy it is to have a massive long chain of hydrocarbon that has been put together in the past instead of taking massive energy to put together today. I'd like to see oil at much higher prices, sure it'll hurt, sure many will die, but at least we'll still have some in years to come. In the past Japan has bought MASSES of Australian coal, crushed it, and dumped it on the harbour floor to make chips and shit outta in another 20-50 years. -Ben
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#25 |
Too lazy to set a custom title
Join Date: Feb 2001
Location: Tube Titans, USA
Posts: 11,929
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Strange statement. How do you conclude that? Both Eastern and Western Europe or do you mean the EU? And do you mean nominal or real? And what do you mean by "healthy"?
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#26 | |
Too lazy to set a custom title
Join Date: Feb 2001
Location: Tube Titans, USA
Posts: 11,929
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Quote:
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#27 | |
Damn Right I Kiss Ass!
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Join Date: Dec 2003
Location: Cowtown, USA
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Quote:
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#28 |
Ah My Balls
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Join Date: Feb 2007
Location: Under the gold leaf ICQ 388-454-421
Posts: 14,311
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step to get rid of the fed
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#29 | |
Too lazy to set a custom title
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Join Date: Mar 2003
Location: Homeless
Posts: 62,911
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Quote:
Thousands of jobs were lost to that, and it hurt. then to give the companies a tax break is fucking unreal
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#30 |
Too lazy to set a custom title
Join Date: Feb 2001
Location: Tube Titans, USA
Posts: 11,929
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So if European GDP grows at 2% per year for 50 years its GDP will increase 2.7 times. If US GDP grows at 5% per year for 50 years its GDP will increase 11.5 times. Assuming the EU and US to start at the same GDP (for ease of calculation) after 50 years US GDP will be 4.2 times higher than the EUs and growing. That would be absolute economic dominance by the US. Difficult to see your point or which institutions could possibly be worth falling so far behind.
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#31 |
Confirmed User
Join Date: Mar 2004
Location: Toronto
Posts: 1,444
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For all the people who voted for Bush, why did u re-elect him?
I think the U.S economy will slowly bounce back once Bush is out. He is definitely the worst U.S president in U.S history. He'll probably end up writing a book about how bad is was. Bomber |
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#32 |
Confirmed User
Join Date: May 2004
Location: 4 8 15 16 23 42
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#33 | |
Confirmed User
Join Date: Nov 2003
Location: Prague
Posts: 2,733
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Quote:
You can not underestimate how volatile financial security is for Americans compared to Europeans. In Western Europe if you loose your job for instance the unemployment check you get is decent, you will not become poor, because you lost your job. Also there are no real added costs for health care and pensions, unemployment benefits count towards your pension. BUT that security comes at the price: the system is not flexible if you want to do something that is something new or different. It is far more easy to become rich in the US. Starting a company in Europe is painstakingly slow, expensive and difficult, compare this to the quick and cheap American LLC and you start crying. and if you don't believe me, just compare poverty statistics, you will also notice Japan is kicking both our asses on that account
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#34 | |
Confirmed User
Join Date: Nov 2003
Location: Prague
Posts: 2,733
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Quote:
if Europeans aren't careful however, they will also fall in this trap, easier and smaller loans and credits are popping up left and right, while in the past you would only get a loan for a house and a car, now you have idiots buying vacations and appliances with those small loans in Belgium, savings have declined 30% in the last 10 years, let's hope people will know when to stop or we are headed for the same types of problem
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#35 | |
sex dwarf
Join Date: May 2002
Posts: 17,860
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Quote:
I am convinced that over the next few years, many more bad loans will surface, and many more loans will go bad. This will have a large detrimental effect on the economy as a whole and financial institutions in particular, and is pretty likely to result in prolonged recession.
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#36 |
Confirmed User
Join Date: Feb 2008
Posts: 155
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Who knows how long this shit trend with last. Hopefully it will start to up turn within the next couple months though. I really don't see the dollar falling significantly lower because if it does then the US economy will crash and I definitely don't see that happening at all.
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#37 |
Confirmed User
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Join Date: May 2001
Location: Australia
Posts: 934
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Imagine if San Andreas cracked or Yellow-Stone went up now.....
There are triggers around, natural and otherwise that could well see a massive failure cascade. -Ben
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Cyberwurx Hosting After trying 5 different hosts, I found the best. Since 1997 I've had 2 hours of downtime. Fast support, great techs, no hype, no gimmicks. <- I in no way endorse whatever just got stuck on the left of my post. |
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#38 | |
Confirmed User
Join Date: Nov 2003
Location: Prague
Posts: 2,733
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Quote:
there is nothing indicating a change, even worse, the high oil price pushes the dollar down and the lower dollar pushes the oil even higher, it seems like a vicious circle but hey you have to give it to the Americans, always optimistic till the grave, I really think this cheerleader mentality stops people from coming to turns with reality how can you solve a big problem, if you don't acknowledge that there is a big problem
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#39 |
Too lazy to set a custom title
Join Date: Dec 2006
Posts: 23,400
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I'd buy that for a dollar?
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i like waffles |
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#40 |
Too lazy to set a custom title
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Posts: 31,027
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It's just sad
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#41 |
Too lazy to set a custom title
Join Date: Jun 2006
Posts: 19,183
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$60 ? you have a very tiny car
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