The $US is worthless - The Euro rocks...Fuck!
 

I hate this

1Euro = 1.17 $US

It used to be the other way round.

My $us are now worthless, I can only keep them, spending them would be futile.


P.S. I know TheHun doesn't get any money from the surfers, he gets them from the first 15 gallery spots listed

The hun makes money??? I thought it was a free site?

Any sponsors out there paying in Euro?

dont worry, the euro is heading for a big recession

when?

What does that have to do with anything?

How come you guys always manage to mention Hun? Is there some kind of forum rule... perhaps one that I missed... stating that Hun must be referenced every 100 posts or less?

nice... :glugglug the cheeky bastard was wrong :thumbsup

I really don't know.
I think you should ask the hun about that.

You should convert all your money into US dollars and send them to me.......That way you won't be losing any euros !:eek7

The US gov't is devalueing the dollar right now for numerous reasons... they include helping out exports, and of course hurting the economies of France and Germany as a little catch-back for their stance on Iraq. It is hurting France very hard since they refuse to lower interest rates on money.....


Short term it will not effect most Americans, and will hoepfully help economy....

and of course anything that hurts the French brings a smile to my face. :Graucho

yes

Good sponsor too:

Payserve

give them a try :thumbsup

How many stupidities can you post in a day????

The dollar is weak against the Euro on purpose. It's actually helpful during our slow economy. This makes it much easier for the US to sell goods to the rest of the world, as commensurate EU goods are too expensive.

Devaluing a currency is no quick fix for the economy, look at Japan. To finance US debts, there needs to be inflows of 1.5 billion per day into the US from the rest of the world.

This does have the potential to blow up in the Treasury's face, especially now they've abandoned the 'strong policy' it removes an important motivating factor in holding USD (that being it retains value)

ya sure that's the 2nd reason right after the export industry for dollar to go under watter? Geez. I guess there are only France and Germany beside US in the world? Oh pardon there are also Canada, Mexico, Russia, Iraq, Afghanistan, N. Korea and China. Did I miss any? I don't think so. Ok lets wait for another war and we'll be able to add another country on the list. There are only about 10 countries in the world, right? Or are there more?

Hate to break it to ya but your belowed president very much fucked up his next elections. Just like his daddy did. You just don't see it coming yet.

That's half B.S. - the government only decided to "devalue" the dollar after the dollar was already devalued.

That's like saying you wanted to lose because you'll get a better draft pick next year.

sure the cheaper you are, the better, right? LOL You think now all of a sudden people will buy more than the market can handle? You wish baby. No one wants stocks as they mean nothing but cost and even worse if you can't sell it. So what this means is just the US imported stuff is cheaper and nothing else. So that's not helping US at all.


All just a buch of excuses. Wake up.

I guess it was a mistake trying to discuss international monetary policy on GFY....

Personally, I am for a stronger dollar - I like to do a lot of foreign travel....

I hate it too being Downunder. . .

BOYBUCK$ is humming but the USD is Bumming !!!

Pleeeeeeeeeeeeeze do something U.S.A.

ignorant xenophobic fool :321GFY

OOH, good one!

*hits dictionary*


Main Entry: <b>xe·no·phobe </b>
Pronunciation: 'ze-n&-"fOb, 'zE-
Function: noun
Etymology: International Scientific Vocabulary
Date: 1922
: <i>one unduly fearful of what is foreign and especially of people of foreign origin</i>



I know a few Zena-fobes here. :thumbsup

I like pizza.










and The Hun

We're back to 1999 exchange rates. That's all.

http://www.linkification.com/linked/DX.gif

I've read that George Soros will be converting his us $$$ into Euros. He said he was sick and tired of the way the us $$$ is becoming worthless each day.

HAHA No way frenchie.... the french are a 3rd rate power, and are still having a hard time coming to the realization to this fact.

I suggest you learn to accept it, and vote for politicians who will not bring your country to the land of irrevelance...

:1orglaugh

By having a " weak" US dollars, financing the debt ( which BTW got a hefty boost from Dubya) becomes more costly. Getting foreign countries to invest becomes difficult, and you have to entice them by raising the intrest paid to them: rise of interest rates ... brings inflation ... brings recession....

How many of US ( I would) are looking to change to Euro. I lost near 20% of my income ( and value ) since last november ....

A weak currency is only good for third world countries,,, not industrialized one...

:2 cents:

Japan has a weak Yen policy. Definitely an industrialized country with either the 2nd or 3rd largest economy in the world. Also, Japan's post-world war II economic success was achieved with a weak Yen throughout the 70's and 80's.

The Euro was only officially launched in 1999. That graph must use some sort of averaging of national currencies for data before 1999?

That means the dollar is now almost as low against the Euro as it has ever been in history, if it's really back to the 1999 rates.

You can downplay it, but this is a historical low for the dollar against the Euro, right?

What meaning does "historical low" have for a currency than is only 4 years old?

That graph is of the US Dollar Index. It's a popular index of the US dollar against the sum of a wide range of currencies.

Before the Euro, there was a basket of European stocks (Deutschmark, Franc, etc) used to measure the strength of European currencies which can be roughly compared to the Euro today.

If you compare the dollar to a basket of european currencies it is at it's lowest point today since 1999. The weakest dollar vs. european currencies in the past two decades occured in 1992. It was about 15% lower than it is today (roughly the same in 1995).

If you look at the graph you can see the dips in 1992 and 1995. You can also see the massive spike in the mid 1980's. I guess in 1988 after the tail end of that spike one would have thought the dollar was in trouble (it lost 50% of its value off high) but that would have been the incorrect analysis as it had begun to spike from the same point in 1980. In fact, the dollar increased in value about 50% until 2000 which is the recent peak that once again (like in the late 80's) it doesn't make sense to compare to.

What happened is that the dollar shot up against the Euro since it opened in 1999. All it's done now is go back down to where it is was before it shot up. The dollar is lower than it's been in 4 years vs. european currency. No longer than that.

Compared to 1995, the dollar is 23% higher than the broadest index of currencies, 15% higher than the European currencies, and 25% higher than "Pacific" (Japan, etc) currencies.

Yes or no, the dollar is as low as it has ever been, in history, against the Euro?

:)

- After WW2, Japan was at the level of a third world country.

- I said that a "weak" currency is not good for an industrialized country ( so good for a 3rd world one). How can you turn that around to say that Japan :
- has a weak currency
and
- is and industrialized country?

Sure it is, but their economy for the past 2-3 years is shit.

Thanks for making my point....

Actually no but it's close.

You should have said, "Yes, it's as low under Bush as it was under Clinton."

Come on man, I'm here to argue. :)

A weak dollar is good for exports, bad for travel. The US economy is fundamentally stronger than Europe's so in time it will turn around again; in theory.

I'm not talking about 1950s or 1960s Japan. I'm talking about Japan when it was the "miracle economy". I'm talking about in the 70s and 80s when it was kicking ass and taking no names exporting electronics and automobiles. Japan became the second largest economy in the world with an intentionally weak Yen.

If you don't think 1980s Japan was industrialized pass the bowl. I'd like to smoke some of that.

Lol. I don't care who was president. I like them both. You're looking for "theking". ;-)

I wouldn't believe Soros. He's been talking down the dollar for more than 6months and would have had large short positions on the USD for a while...

It is more likely he is trying to talk down the dollar some more so he can cover some of his positions

Where is it now?

And to compare Japan of the 70-80's to the USA of today is very hard to visualize....

These are the 2002 GDP numbers from "Financial Review" (billions). There's the US, Japan, and then everyone else.

1 USA 10,208
2 Japan 4,149
3 Germany 1,847
4 United Kingdom 1,424
5 France 1,307

Colin, notice the people who are debating the most are NON-US citizens....

If I was Canadian or French I would be upset too....

Of course if it stays low for a year or so I will be upset too...

You would figure all the America-haters on GFY would be happy that our dollar is being devalued.... Maybe they will realize the US economy IS the world economy....



:1orglaugh