Is the end near for the US Dollar? - GoFuckYourself.com - Adult Webmaster Forum

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jjjay

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#1

Is the end near for the US Dollar?

05-14-2006, 10:07 AM

It's lost 7% against most other major currencies since the start of April.

And this is having the knock on effect of dragging down stock markets.

And on top of this all, stock markets have a habit of tumbling after a new Fed chairman takes over.

Is it all over for the US Dollar with the Euro becoming one of the world's major reserve currencies?
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jjjay

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#2

05-14-2006, 10:13 AM

well I'm sorry, is this too serious for a sunday thread?

let me start a new one about shakira's tits...
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Yngwie

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#3

05-14-2006, 10:22 AM

well, all I know is it's not looking good for the US dollar.

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NoWhErE

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#4

05-14-2006, 10:22 AM

Originally posted by jjjay

well I'm sorry, is this too serious for a sunday thread?

let me start a new one about shakira's tits...

Its not that its to serious, is that there are 20 other threads exactly like this...

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Yngwie

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#5

05-14-2006, 10:23 AM

I just do not want it to go below the Canadian dollar. That will make my earning take a shit kicking.

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Pornwolf

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#6

05-14-2006, 10:50 AM

Originally posted by Yngwie

I just do not want it to go below the Canadian dollar. That will make my earning take a shit kicking.

Sorry, that's about 2 months away from happening.

I've trusted my sites to them for over a decade...

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TheBuyer

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#7

05-14-2006, 11:07 AM

Government is spending their way to hell. And they will bring down the greenback with them.
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#8

05-14-2006, 11:09 AM

But Iraq is now a Democarcy (at least until civil war starts).

And that's priceless
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#9

05-14-2006, 11:49 AM

US$ against Danish Kroner while I've been working online.
It hurts and I want it back to 7-8 kroner for each US$

Last edited by TexasDreams; 08-03-2006, 10:23 AM.

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Rolo

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#10

05-14-2006, 01:16 PM

I´m not sure european exporting companies could take a 10-20% drop in the USD value over the next 1-5 years, which is what some currency forecasters have predicted.

So question will be what will the EU and others do, when the USD looses too much too fast (high oil price, and US deficit will not go away in the near future).

Now let GFY return to the meaningless surfmaster jabber - you are interrupting their thought flow with your worthwhile thread

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#11

05-14-2006, 01:26 PM

Originally posted by jjjay

well I'm sorry, is this too serious for a sunday thread?

let me start a new one about shakira's tits...

still waiting for that thread about shakira's tits
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RogerV7

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#12

05-14-2006, 01:30 PM

we have the euro and that sucks big time. i have to earn more usd to have the same life style as i had

hmmmm what to put here
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#13

05-14-2006, 01:30 PM

buy gold

...
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jimthefeind

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#14

05-14-2006, 07:40 PM

Originally posted by jjjay

well I'm sorry, is this too serious for a sunday thread?

let me start a new one about shakira's tits...

Yes, you are an idiot.

I think everyone hates you and your stupid threads. Some people respond to your thread because the feel sorry for you.

Try posting threads that aren't hated by most GFY members you jackass.
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#15

05-14-2006, 07:44 PM

currency always variates but i really doubt that this will be the end of the US$. This has some benefits also, for example a depreciation of the US currency incentives the export of US goods to other markets (Europe, Asia, etc...).

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#16

05-14-2006, 07:57 PM

Originally posted by Kimo

buy gold

indeed...

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#17

05-14-2006, 08:04 PM

It's dragging down the stock market? The NYSE closed at almost record levels all of last week. Not to mention our trade deficit is DOWN for the 2nd month in a row. Our economy is solid.

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#18

05-14-2006, 08:11 PM

Originally posted by soulboy

currency always variates but i really doubt that this will be the end of the US$. This has some benefits also, for example a depreciation of the US currency incentives the export of US goods to other markets (Europe, Asia, etc...).

Mmm.. the problem is despite export incentives that is not happening and not likely to happen on any significant scale. The US has two, unfortunately these are the only two, commodities which produce a trade surplus - wheat and arms.

There is prob some chance of increased trading with the EU, but very little in trading with the much larger Asian market.

At the moment US imports are simply not sustainable - it's like permanently living off credit cards. The US very badly needs a sound and competitive manufacturing base and it will take many decades to ever come close to having an overall trading surplus - and smell it's prob too late to be starting this now.

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#19

05-14-2006, 08:20 PM

Countries will have to start buying and selling oil in Euros before it can take over as the major reserve currency.

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#20

05-14-2006, 08:21 PM

the us dollar wont go up until bush pays his debts...

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#21

05-14-2006, 08:24 PM

Originally posted by fetishblog

It's dragging down the stock market? The NYSE closed at almost record levels all of last week. Not to mention our trade deficit is DOWN for the 2nd month in a row. Our economy is solid.

DUH??

You checked the last time the US actually had a trading surplus? I'd need to check, but think it was in the 1960's. The overall trade deficit has increased around 3.5 times since 1990.

A couple of days on the NYSE has nada meaning - let's see a year of decreasing trade deficits and there may be something in that trend.

Don't even dream that "our ecomomy is solid" - that's like the CEO trying to create confidence the day before the company files for bankruptcy

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#22

05-14-2006, 08:26 PM

Outsourcing rules!

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#23

05-14-2006, 08:35 PM

This is worth more than the US Dollar:
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#24

05-14-2006, 08:36 PM

its all over
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#25

05-14-2006, 08:42 PM

the effect is felt harder for those who have less...
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jjjay

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#26

05-15-2006, 07:19 AM

Originally posted by Rolo

I´m not sure european exporting companies could take a 10-20% drop in the USD value over the next 1-5 years, which is what some currency forecasters have predicted.

So question will be what will the EU and others do, when the USD looses too much too fast (high oil price, and US deficit will not go away in the near future).

Now let GFY return to the meaningless surfmaster jabber - you are interrupting their thought flow with your worthwhile thread

yup. I know this has been talked about for ages, but looking at the headlines (in serious papers) over the last few days, it appears to be happening NOW.

For example - it looks VERY likely that it will be 1 GBP = 2 USD which hasn't happened for over 20 years

plus the chinese currency is going up in value against the USD which is very serious, plus chinese interest rates are going up

and on top of this stock markets have dropped pretty sharply over the last few days

basically, what doom mongerers have been talking about for years seems to be happening right now

how far this "correction" goes, we'll have to see...
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jjjay

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#27

05-15-2006, 07:20 AM

Originally posted by jimthefeind

Yes, you are an idiot.

I think everyone hates you and your stupid threads. Some people respond to your thread because the feel sorry for you.

Try posting threads that aren't hated by most GFY members you jackass.

well, I'm not the one pretending to be jimthefiend
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#28

05-15-2006, 07:20 AM

Originally posted by jjjay

let me start a new one about shakira's tits...

Well???????????

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#29

05-15-2006, 07:30 AM

All I have to say on the subject is this. The largest economic power on the planet does not allow its currency to devaluate on the global market unless it is by design. If the powers that be wanted to prop-up the dollar, they would do so.

The current account deficit that the US has been running for the past several decades is unsustainable - and the 'strong dollar' policy is no longer a prudent one. I can assure you that the foreign debt load now held is at a critical level and the US economy cannot afford to borrow from the rest of the world for any longer. A weaker US currency is vital to closing the trade gap.

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Dollarmansteve

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#30

05-15-2006, 07:33 AM

Can I also point out that those most directly affected by a weaker US dollar are the ones holding it. When the US runs current account deficits it means that there is a net outflow of currency - in simple terms, US dollars are used to buy the currecy needed in trade - and the exporting country holds the US currency. I believe that China has the largest foreign reserve of US cash on the planet - every tick that the US dollar goes down costs the Chinese central bank tens of millions of dollars in value.

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#31

05-15-2006, 07:34 AM

Canadian dollar is going strong agains USD... that's not good for me

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#32

05-15-2006, 07:35 AM

I highly doubt it, yo

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#33

05-15-2006, 07:38 AM

the american dollar is exactly where Bush wants it to be - sad for us canadians who enjoy a stronger american dollar, but this wont last forever.

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#34

05-15-2006, 07:49 AM

I miss the days of getting a $1.40+ for a USD.. getting $1.08 is horrible. Its like actually working for a living now.
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jjjay

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#35

05-15-2006, 08:33 AM

Originally posted by Dollarmansteve

Can I also point out that those most directly affected by a weaker US dollar are the ones holding it. When the US runs current account deficits it means that there is a net outflow of currency - in simple terms, US dollars are used to buy the currecy needed in trade - and the exporting country holds the US currency. I believe that China has the largest foreign reserve of US cash on the planet - every tick that the US dollar goes down costs the Chinese central bank tens of millions of dollars in value.

thanks for the detailed answers

I'm genuinly worried - when the headlines at ft.com start spelling doom, you know something's up

might be time to start doing a lot more local biz in my own currency to hedge the risk
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#36

05-15-2006, 08:45 AM

The US dollar is so devalued because of debit and the fact that they are printing money likes its going out of style. It will be on par with the Canadian dollar within 6 months. FAK ME! Time to start saving in Euros!

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