Lamis

If you didn't do it already, switch all your US Dollar accounts over to Euros right now..

Don't say I have not warned you!!!

Deputy Chief Command

if you switch now wouldn't you lose too much on the exchange rate ?

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Lamis

It just gets worse with time.

Matt 26z

I wish there was an easy way to do this. Maybe there is and I just don't know about it. I would like to just press a button on my bank's website that converted it from USD to whatever.

I was looking at savings account options today that are better than my local bank. Washington Mutual is 4% if you get a free checking account also, which appears to be really good since there isn't a minimum balance. INGdirect and HSBCdirect don't look bad either. Do any of these have foreign currency savings?

Barefootsies

So true.

It took Rome thousands of years to fall. Tisk tisk.

Where's Bush with that fiddle?

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"

ADL Colin

Not sure what the point is about "American Empire" but there is increasing talk of a G7 currency intervention. Morgan and Goldman analysts wrote about this in the past week.

For those old enough to remember (or just look it up) the Plaza Accord was quite successful in depreciating the dollar and the Louvre Accord was quite successful in reversing the Plaza Accord results. Today might be different. Difficult to tell.

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Lamis

If you can, open an account in another country...

The Nazi Patriot Act introducing filters in banks to prevent people from switching over to Euros, will make it difficult for any US Citizen to do this.

Between 2009 and 2010, any Major OIL Exporter in the world, will be selling OIL in Euros, and when this happens, the Crude Oil Barrel will be worth 200 dollars.

pornguy

You better Hope that it does not "fall".

Look at the world markets because today. All down for the most part because of an announcment of a buy out in the US.

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viencarl

dont get rough or you loose a lot

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notoldschool

Yeah, If we go, were taking everyone with us.

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ADL Colin

Yeah, people forget that the US imports almost $2 trillion worth of goods a year from the world. That's more than double what any other country imports. When the US hurts it will import less goods and other countries suffer accordingly. The US buys food, cars, oil, computers, cell phones, medicine, toys and so on from the rest of the world.

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kowalsky

I already did it long time ago.

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L-Pink

All you guys taking pleasure in the falling US economy remember, your country is just another domino.

s9ann0

yea like it or not the rest of the world is quite dependent on how the USA is doing

Barefootsies

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"

fuckingfuck

Send me all your dollars thru epass, i'll send back euros.

[email protected]

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VikingMan

If you didn't do it already, switch your US Dollars AND Euros out right now.

Gouge

Just like Rome - we fell asleep when we got spoiled.

J. Falcon

I doubt anyone is taking any pleasure in this at all.

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J. Falcon

Nothing lasts forever.

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crockett

buy Pesos

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AdPatron

Very true!

ADL Colin

You guys are overreacting. We'll take our lumps, pay for the previous excesses and then start some new ones same as always. 74 sucked but life went on. 80 sucked but life went on. 82 sucked but life went on. And of course the great Depression. The Panic of 07. Some really nasty ones in the 19th century.

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just a punk

And our income is falling with it

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just a punk

Absolutely correct!

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fluffygrrl

This is so patently untrue, its like a guy walking in the sheep shed and going, you know, I slaughter you, I fleece you, the day I'm dead what will become of you?

Well one of two things. Either someone else will be eating all the stuff they make, or nobody will and they'll breathe easier.

DjiXas

Told you, he's a genius

Lamis

Lol man... good joke.. I know you were being sarcastic tough..

But take care because some ignorants in this thread will believe that.

The Roman Empire ---> 27 BC ? 476

sniperwolf

It's disgusting to know that there are spectators who really wish that $$$ fall when it surely affects great part of the world! This is pathetic!

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chelo - adultcopywriters

It really is pathetic! Economy will reactivate when no more money is spent on stupid wars, so sit tight and buy some euros 'cause we'll have wars for a long time I think.

ADL Colin

So if the US "disappeared" china would be just fine because they would just stop producing all the goods the US bought from them or someone else would buy the goods? Just not true. The US is the world's largerst importer by far and that is why it hurts most of the world when the US economy suffers.

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pocketkangaroo

Buying Euros was a good idea a couple years ago. Buying them now is just stupid. Ever heard of sell high, buy low? Come on guys, basic economics.

Anthony

Do yourself a favor, look up the "domino theory" pertaining to economics before you make blanket statments about this subject.

Bear Stearns is just the first one to fall.

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L-Pink

What are you talking about, the US represents more than 25% of the world economy. If we go in the shitter others will follow.

AlienQ - BANNED FOR LIFE

I am still trying to figure out why other countries take pleasure in downing America in any way shape or form they can.

Awright then enjoy your fucken dictators, enjoy your theocracies, and kingships, and have a nice taste of communism while yer at it.

Just remember if America falls you all fucking fall. There would be no UN, there would be no stopping of genecides, oppression and lawlessness in the world, latgely because your pussy ass governments do not do a fucking thing and at the present time Pay america to do what it does.
When thats over what then?

Why shit enjoy your new gods forced on you while you are at it and get yourself a fucken Koran.

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SteveVVS

this will suck even worst for Canada aswell, Whos gonna buy our bacon now?

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AlienQ - BANNED FOR LIFE

While yer at it lets see...
Half the worlds oil would not be bought, fuck the worlds food supply while you are at it also, fact is United States feeds the world to this day with huge food exports. Not only that we give food away in far more amounts than any other country in the fucking world.

Ya want global starvation? Thats millions more people dieing every year for lack of food.

What has your fucked up third world country done today besides get on the anti American bandwagon?

Do most of you even got a real idea why you are anti American?

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Lamis

Are 2 Full Years of obvious TREND not enough for you???

Come on, basic economics.

firecracker

Dollars tough to sell on streets of Amsterdam

Mon Mar 17, 12:17 PM ET

AMSTERDAM (Reuters) - The U.S. dollar's value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands.

"Our dollar is worth maybe zero over here," said Mary Kelly, an American tourist from Indianapolis, Indiana, in front of the Anne Frank house. "It's hard to find a place to exchange. We have to go downtown, to the central station or post office."

That's because the smaller currency exchanges -- despite buy/sell spreads that make it easier for them to make money by exchanging small amounts of currency -- don't want to be caught holding dollars that could be worth less by the time they can sell them.

The dollar hovered near record lows on Monday, with one euro worth around $1.58 versus $1.47 a month ago.

L-Pink

What goes up also comes down that's part of a trend also. The question is when will it start to come down.

GAMEFINEST

relax budddy

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Compound interest.

xxxdesign-net

lol.. so the fall of the dollar is pretty much over according to you? Well folks, there you have it, end of thread!!

IllTestYourGirls

isnt the Euro fiat too?

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pocketkangaroo

http://www.reuters.com/article/busin...29534420080317

As I said, basic economics. Europe and Japan won't let the dollar go much farther down.

INever

This isn't like all the other times. The rest of the world is fed up with the USA.

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flashfire

we have oil dude...we will be fine lol

aico

In other news, Japan gives giant robotic horse to NYC as a gift.

Meeper

tis true

http://en.wikipedia.org/wiki/List_of...ies_by_imports

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ADL Colin

The Economic Impact of a U.S. Slowdown on the Americas
http://www.cepr.net/documents/public...as_2008_02.pdf

Conclusion

The United States is currently running a trade deficit that virtually all economists recognize to be
unsustainable. At some point, the United States will have to move towards a more sustainable situation,
which implies increased exports and reduced imports. An economic recession such as the one that the U.S.
economy appears to be entering now is likely to play a role in that adjustment process. Plausible estimates
suggest that any such adjustment process is likely to have a substantial impact on the economies of the
U.S. trading partners, especially Canada, Mexico, and the countries in the Caribbean and Central America.
The reduction in exports from these countries to the United States will be large relative to the size of their
economies. Unless declines in these exports are offset by some other source of demand, in the worst case,
the falloff in exports to the United States could be sufficient to push some economies into recessions of
their own. Growth in both Canada and Mexico, for example, slowed sharply in 2001, during the last U.S.
recession, with real GDP growth in Mexico slipping to zero for that year. The last U.S. recession was
relatively short (March to November 2001) and mild in terms of lost output. The next (possibly current)
recession in the United States will likely be worse.4
The countries that will likely suffer most as the result of a reduction in U.S. imports are the same countries
with which the United States has implemented ?free trade? agreements in recent decades, including the
North American Free Trade Agreement (NAFTA) between the United States, Canada, and Mexico, and
the Dominican Republic-Central America Free Trade Agreement, DR-CAFTA, which includes the United
States along with Guatemala, El Salvador, Costa Rica, Nicaragua, Honduras, and the Dominican Republic.
Meanwhile, countries that are less dependent on the United States, or more reliant on domestic demand,
will see smaller impacts of the U.S. recession on their exports and national GDP.

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