The U.S. dollar is going down the toilet.
 

http://www.x-rates.com/d/CAD/USD/graph120.html

I can't stand it! It's like getting a pay cut every single month. It burns me up every time I go to the bank machine or the store.

i had a US bank account here in canada......i should have exchanged my $ a long time ago :( fuck

Don't play with this then. ;)
http://www.bankofcanada.ca/en/rates/exchform.html

18 Jan 2002 (high) 1.6132 (0.6199)
12 Jun 2006 (low) 1.0990 (0.9099)

those were the days still

I traded all my US money in today.

dude have you seen the liquid currency rate? gold? its dropped $150 in an month so far.

it's doing pretty good here, it went from 6 bucks for a dollar to 6.80 in one month, so in fact I got a raise ;)

and with the gold price going down, and investors pulling out of emerging markets, it'll only get better :thumbsup

A lot of currency is down. No biggie.

It started to go down the toilet as soon as the euro was introduced as a currency

Get used to it :2 cents: Dollar's had a nice runup over the last days thanks to that "talk up the dollar" session last week. But shortly people will wake up and remember that the US is very close to the end of a rate increase cycle, while euroland is in the early stages of an increase cycle. The next couple years are going to be really strong for eur/usd.

yeah it sucks oh well

A weak dollar isn't necessarily bad for the U.S. economy.

It's bad for some sectors but good for others.

For those of you who live in other countries and get paid in U.S. dollars, it sucks for you but you also had quite a long run where the dollar was very strong against your currency....these things are cyclical.

same shit here.. not very cool :/

Actually, now it's up against the Euro :)
1,258 ...

I'm telling you people we have to switch our currency to Real Doll parts. Real Dolls keep their value high year after year, unlike the fucking USD. Some people invest in gold. I invest in real dolls.

I feel bad for you Canadian friends.

i'm an ex-banker and my advise is that the dollar will go more down than it is now

u shuld earn money in euros

i earn a lot of my income in euros

check out my investment opp and earn some $$ in euros too

yeah it sucks

all money sucks no one can not seam to get enough of it

Just wait until Iran switches from $ to hahaha8364; as it's main currency for selling oil... we need more hahaha8364; sponsors.

It hurts each time I head to the bank :(

Yeah it really sucks... breaks my heart each time I go to the bank :(

Gold and Silver will always protect yourself from the devaluing of the currency by printing to much paper.

I hate it :(

That's total bullshit.

When the euro was first introduced it was priced at $1.17....today it's at 1.26....only marginally higher.
And it dropped from that 1.17 for awhile and has had some fluctuations of it's own.

That's right if you'd have bought gold in 1980 for $850 an ounce today that gold would be worth less than $600 an ounce.
What an awesome return for a 26 year investment!!!!

(Also adjusted for inflation...the price in 1980 was over $2000 an ounce in today's dollars)

Get off the bandwagons and do some research people.

Its not total bullshit, as soon as the euro was formed it became a threat to the dollars supremacy as the only currency for trading oil. Why do you think so many european countries movied over to the euro, there had to be a huge financial incentive to do so

seems that way...


Mr. Romance

Gee I dunno, maybe they moved to the Euro because the whole fucking point of the Euro was to make it easier for EU nations to trade amongst themselves.

And it is total bullshit, your statement that the dollar has been falling since the introduction of the euro. All it takes is a simple line graph to prove that you're full of shit.

Also, as far as oil is concerned, the idiots in Iran are the ONLY people who have ever publicly mentioned trading oil for euros, and that's only because they hate the U.S., it has nothing to do with the dollar's value relative to other currencies

Sigh........

Go post the graph and prove me wrong, becoming a rival to the dollar for oil trading is much more of a financial incentive than the bullshit "easier for EU nations to trade amongst themselves" crap that was made public.

I'll be back in 45min, France Vs South Korea is starting. If I'm wrong with what I'm saying I'll apologize and I'll be better informed because of it when you prove me wrong. Why are you posted filled with so much anger ?

:1orglaugh :1orglaugh :1orglaugh

hahaha cya $$$

COME ON hahaha163;hahaha163;hahaha163;hahaha163;hahaha163;

Hey genius, I don't even need a graph, it's this fucking simple.

I'll try to type S-L-O-W-L-Y so you can keep up.

The Euro was introduced at $1.17 usd.

Today, several years later it's worth $1.26

9 cents in over 4 years....WOW the Euro really kicked the dollar's ass huh?
If you call that the dollar going into the toilet then you have a very fucked up definition of a currency going down the toilet.

And even IF the dollar is sliding, that can be a very good thing for the U.S. economy considering our trade imbalance and dependance on foreign oil.

Geo target the join page. Americans wont pay in Euros as it is unpatriotic. Just have it so that when someone goes to join if they are from American bill them in the shitty dollar and anywhere else in the world in Euros. Personally I add on 25% to bill in dollars.

Your not even close to understanding what I'm saying sadly

Unfortunetly I do not have a graph to prove my point so I'm just gonna have to post facts instead

The dollars value since 2001

http://www.x-rates.com/d/GBP/USD/hist2001.html

Jan 2001 $1 = 0.676896 GBP

http://www.x-rates.com/d/GBP/USD/hist2006.html

Jan 2006 $1 = 0.566481 GBP

2001 - Canadian Dollars to 1 USD

http://www.x-rates.com/d/CAD/USD/hist2001.html

Jan 2001 $1 = 1.5032 CAD

http://www.x-rates.com/d/CAD/USD/hist2006.html

Jan 2001 $1 = 1.15788 CAD

Yes your right, the dollars worth more now than it was in 2001 NOT

It ONLY remains a good thing as long as oil is ONLY sold in dollars, if oil starts to be sold in euros on a big enought scale your economy is completely FUCKED !

Back in 45 mins after the second half !

Bush's fiscal policy maxed out the RAM on the printing presses. LOL

I think in the last 5 years he's increased the money supply now to over $10 TRILLION. That's Trillion with a T.

:helpme

Gee that's funny, you talk about how the dollar went to shit when the euro was introduced, and then you post the dollars value versus pounds and canadian dollars to prove your point :1orglaugh :1orglaugh

I never implied that the dollar is stronger today than it was in 2001, I simply pointed out that the dollar's value has nothing to do with the introduction of the euro numbnuts.



Yeah as long as oil is only sold in dollars it's not a problem. And as long as my grandmother doesn't grow nuts she won't be my grandfather.
The odds of either thing happening are about the same.

Why on earth would the oil producers of the world intentionally try to fuck up the economy of their biggest customer? That would be like the Chinese government nuking Wal-Mart headquarters.
It's not gonna happen.

I went up, way up in Mexico. It was at about 10.50 a month or so ago, and it went up to about 11.50 pretty fast. Now, it started dwindling again :(
It's at about 11.30 or so (I think, haven't checked this weekend).

Yeah you're right about that. It's so bad that they changed the reporting rules and they won't tell us how much currency is in circulation anymore.

However, for decades the U.S. has been the world's biggest customer, buying up everyone else's exports while other countries barely bought any of ours.

Now with the dollar weakening that's changing, and it's more expensive for the U.S. consumer to buy imports and it's cheaper for foreigners to buy U.S. products.
What I find hilarious is all of the foreigners who somehow think this means there's something wrong with OUR economy, when they're the ones getting the shaft on the deal.

A strong dollar is good for some things, but a weak dollar means our exports will rise and our national debt will be cheaper relatively speaking.
It won't hurt the U.S. consumer unless there's high inflation at home, which isn't happening right now.
So :321GFY to all the people who don't like it.

I guess we'll have to see how this situation with Iran plays out, I fail to see how America can prevent Iran from creating their iranian oil bourse trading oil in euros though.

Whos gonna back America on that one apart from Britain

Btw I think your attitude stinks, no need to be such an asshole.

All i was ever trying to do in this thread was explain why the dollar started to be worth less money to us non americans and you start giving me shit.

I guess like most Americans you took what I was saying as American bashing

This wasn't the case

Iran only controls about 2% of the world's oil supply, so any impact from them switching to euros would be negligible.

As for your other remarks, you were trying to say that the reason the dollar has been falling is because of the introduction of the euro, which is a preposterous statement. I just called you on your idiocy.

The fall of the dollar has nothing to do with the euro, it has to do with our trade imbalance and our budget deficit. Neither of those things has anything to do with the euro or your delusions about oil being traded for in another currency.

I'm pretty sure its much much higher than that

http://www.mapsofworld.com/world-top...tries-map.html

Its at the very least in the top 10 according to quite a few sources I've looked at

Would you mind explaining this a little more ? Give me a better understanding by educating me instead of calling me an idiot, even a link

Iran exports a little over 2 million barrels a day, which is about 2% of worldwide consumption.

It does suck pretty bad...

100 euros equals around 126 usd

I've stopped counting the money I loose everytime I get USD and trading for euros...

Cincuenta!..........