where is the US$ heading? it will be soon worthless in Europe.
 

Damn 1euro = 1.35 USD
2 years ago
1 EURO = 0.8 usd

so sad.

sad for who? europeans? i doubt anyone in the US gives a shit what other people's conversion rates are. 1$ is 1$ for us, regardless

I care if I ever want to go to Europe again.

for all the cry baby eurotrash: stop promoting sites that pay in USD if you don't like where the conversion is at.

a low usd is great for the states.

As a matter of fact it looks like the US is doing it on purpose. Poor Europe in two ways: Every european product looks very expensive internationally and anyone that makes money off Americans is pinched a bit.

The US is battling a large trade deficit and at the same time playing hardball with the Euro. To be fair the Euros are not blameless, they've played hard in the past as well. They want to compete with the Dollar so they'll have to take the bad with the good.

:smilie_we

:eek7

Have you any idea how much you guys are importing and how much its costing you. Besides your goverment is creating the biggest debt in History at this moment. Sorry, i dont want to sound anti American again but your country is slowly going to shit at this moment.

Long term the dollar is going down. Gold will soon become the strongest currency. The Canadian dollar will be the strongest currency this year. This year Im looking for a rally in the US $, just for sentiment reasons. We've bounced off of 80 on the chart which has been real big long term support. Plus everyone is talking about the dollar now and how its only going down. That means short term rally. When it's next leg down starts, it will be nasty.

Where do you think US vendors and suppliers buy their products from? If it costs them more to buy their materials from canada, or products from overseas, it will cost you more too.

Example..
We provide alot of your power from up here in canada, if the US dollars is low you pay more for your electric bill.

I think the question is if they are doing the right thing for our economy right now. We can survive a weak dollar if there is a proper outcome:

"Dollar depreciation is good assuming it is taking place in an orderly manner," said Sung Won Sohn, chief economist at Wells Fargo. "The concern is any precipitous plunge. If that were to happen the Fed would have to raise rates significantly."

What makes you think that American Economists are just sitting with their thumbs up their collective asses?

I dont think the general Europian population or merchants really give two shits about the US dollar... The population of the US & Canada is tiny compared to Europe. We're gum on their shoes.

Different story for people working online...

Why do you people from countries outside of the United States constantly create threads with subjects about the US? If it is so fucking great where you are, just enjoy it. It sounds to me like jealousy and envy. Don't promote any US based affiliate programs any more. Just stay the fuck away with your almighty Euro. We all know where this will end up in the end.

I just find it so funny that people from these tiny hole in the wall countries will bitch and laugh at the US... until someone comes knocking on their doorstep (which will happen eventually). Who do you think these wannabes will call?

Uncle "MOTHER FUCKING" Sam, that's who :batman

Not sure where you get that. The European Union has about 456 million people and falling. The US is around 280 million and Canada sits around 33 million.

It's matters to the average European shop owner because fewer North Americans are spending money into their economy's.

Have you any idea how much more we are exporting now due to the low dollar?

Not true.

In 2004, our imports were up 18% and exports up 11.5%. We dont make anything anymore in the USA. IT's almost 100% a service economy. Look at your car, tv, cell phone, clothes.....its all made in China.

:upsidedow

Mexicans say the same:

1 peso is 1 peso ....

headed for 1.45

Well, soon it's profitable to buy everything from the states instead of, for example, here in Sweden... even groceries :food-smil :eyecrazy

Basically this is what's desired by the US I believe, on a more industrial level though.
Bigger non-US companies importing more goods & services will build up the US economy a bit and after a while the Dollar-rate will rise again.

1.45 to 1.5 by year-end 2005

The lower the USD goes, the cheaper it is for China to buy you.

It will take decades, but it has already started.

yeah, and im sure you would really like it if derogatory terms were used to describe you. Slating a whole continent, nice one :thumbsup

Battuss:

Ya gotta excuse em Battuss - they are just too retarded to have a clue when they live in dumbed-down lala land where the numbers of idiot breeding seem to have maxed out.

Seriously, yes - it is a massive problem, both for the US and the ripple effect elsewhere. This is not in anyone's interests to see any country go this way, but I can't see it going otherwise than downwards. It is in a way an artificial existance - like living on an unlimited credit card.

The US used to be one of the best places to stuff money and earn - now that monthly external investment money is less than 5% of what it was a few years back. Add to that the loans from foreign banks - hell the place is owned by places like China.

I look forward to the day any able economic folks in the US participate in govt decisions and try to stop this shit - it ain't fair on either the US people or anyone else. That day will come, whether it's a forced 11th hour firefighting of creditors or hopefully in a more calm situation.

just change sponors people.. I'm tired of waiting for the motherfucking $ to get back where it was

Uh, actually the dollar is not low. By historic standards, it has a bit more to fall before it rests around where it did most of the last 50 years.

is really sad for who earn US $ and live in Europe...i can tell u that from my own experience....but anyway is Christmas... :smilie_we

I don't think the Canadian Government will allow the CAD$ to climb much higher.

Yeah Im getting tired of seeing all there cry babies complaining about the $. Fuck em!

Most companies buy their products or manufacture their products in third world countries like the Philippines or China... The value of the dollar hasnt changed there.

bizmak:

It's happening already - not just on the sponsor side . All our servers have already been moved out of the US...

I agree. I am really sad for all the people that voted Bush because he was "kick ass" or whatever. People have no clue what they are doing.

It's scary to think how bad it got in the last four years, and that we have four more to go till someone can make sense of this shit, and steer us right again.

ajpiii:

Not quite accurate! There was and still is a "battle" going on with China over what the US calls "unfair trade". The Chinese govt refuse to devalue their currency just because the US $ has lost value. This in effect means purchasing power from China has depleted, tho it is correct to say that the dollar has not changed. It's just that, eg China, does not accept reduced values.

someone have a list of sponsors paying in euros?

i'm well aware how the economy works but I do appreciate the lesson :winkwink:

I don't pay any extra at the store for anything because the dollar is down 2 cents against the euro. People just need something to bitch about the US about, if it's not the dollar being down it's surely something else. The dollar isn't even "down" all that much, everyone just got used to our dollar being super strong for a while. Overall our dollar is still stronger then it has been in previous years

tired of our dollar fluctuating/going down stop relying on it so much is all I'm sayin

and you're still an idiot no matter what ethnicity it is

Geo-targetted billing is going to rock.

Very true!!!! :-)

WHats interesting is that Saddam decided to go with the Euro and then boom he got owned.

The American economy dollar is dependent on world trade. Like it love it or leave it. Its the truth.

Devaluation in my opinion is the stupidist fuck case thing to do, but I am not W. Bush or his economy team.

idiot :xmas-smil

AlienQ:

All currencies are dependent on world trade - not just the dollar.

Other main factor is the financial performance of each country - some actually balance their budgets and do better.

Patronize all you?d like I?m only stating facts. Yes, you guys love to say that the US is going down the shit hole. I?d say its wishful thinking on your part. You?re proud Europeans and wouldn?t it be nice to call yourselves the premiere economy on earth. We do have a record debt, somewhere near the 5 trillion dollars but the US is currently a growing economy with the purchasing power of about 10.3 trillion dollars per year.

I personally hate Bush and since he?s been in office the debt and deficit spending has gone off the scales. But one thing about Republicans is that they care most about business and are generally good for that.

Let?s talk about if from the perspective of a business. If your business makes 1 million dollars every year but is in debt 500k you know the situation is serious but not fatal. You also can be comfortable with the fact that your business will make another million dollars next year and perhaps more. You know as a intelligent business person that there will be bad times and good times. During the bad times you may need to go further into debt in order to bring about growth. During the good times you also know that you?ll need to cut into your debt in order for it to remain manageable.

Most people get hung up on the fact that it?s TRILLIONS of dollars. Yes, that?s a lot of money. You must also keep in mind that the US is still the #1 REAL national economy in the world. The EU was constructed just to compete with the US and Japan in the coming centuries. It was a good move on their part and it will take time to find equilibrium but to count the US out during our bad times isn?t very prudent.

Economics is very cyclical and Macroeconomics functions on a much longer timeline than most people here realize. All the ?Euro-Haters? see currently is that the dollar is weak against the Euro. Since they make their money in dollars it?s a huge deal for them to lose 30% of their income during currency fluctuations. That leads to the ?sky is falling? comments you see here. To me the patronizing comments you see are an exhibition of a lack of character just like a weak man will kick you when you?re down.