What the hell is up with the American Dollar?
 

Holy shit, I knew the dollar was going down, but today I go to transfer Paypal funds to my bank account and they are giving me 1.03$... thats total shit! Soon the dollar will be on-par!!

There go my days of having a bonus from getting paid in American Dollars :(

Ha at least your getting it that way, My girlfriend is in Germany right now modeling and everytime she takes 100 Euros out of the ATM they take out 148 dollars US, our dollar isn't worth shit right now

Ha at least your getting it that way, My girlfriend is in Germany right now modeling and everytime she takes 100 Euros out of the ATM they take out 148 dollars US, our dollar isn't worth shit right now

Money supply, interest rates, current account, speculation. Take your pick.

Ouch thats pretty steep!

there is talk about lowering the worth of the cdn dollar isn't there?

I hear you..... I couldn't be more sad about this too....

4 years ago it was 1.60 this 1.03 is disgusting.

Its fucking ridiculous! On the other hand, it might be a good time to exchange your CAD money for USD and wait for it to go up. But don't take my work on it since I don't know shit about foreign currency :)

The dollar sucks :(

ya it has been bad for the last couple of years

American monetary policy shifted away from a 'strong dollar' stance a loooong time ago (more than 5 yrs ago), this is the unwinding of about 25 years worth of that strong dollar policy. Just take a peek at the US current account deifict, and the accumulated current account debt.. and it begins to make sense.

I hear you, the dollar is fucking up my economy. Really bad exchange rates.

About the time the US started their slow decline into irrelevancy.

The dollar being down against other currencies combined with benign inflation in the states is VERY VERY good for the U.S. consumer and overall economy.

I'm really hurt by the exchange rate. I hope when the warmongering is over with that the dollar will be strong again.

its funny to see how much people really rely on america and still talk shit aobut us..

morons

every country that isnt USA is a 3rd world country IMO

How true! Is USA economy going down???

how many countries have you been to?

No, the dollar is going down.

hmmm . . . I still get $1 for mine.

But your french wine, imported cars and chinese consumer goods will be getting more expensive for you.

:1orglaugh:1orglaugh

You guys run on the money from other countries....

sucks bigtime:(

Right, which means that California wine, Detroit cars, and American made consumer goods will be cheaper for us.

Sure it sucks for people who live in Canada and the EU who make most of their money from American companies, but for American companies and consumers this is good news.

Nope, actually they will get more expensive as well in $ amounts that is because when demand for domestic good increases the price increases as well.

(even though they will be relatively cheaper than the imported stuff)

... Sure it is better for domestic manufacturers, but American consumers pay for it in the end through higher inflation.

No, it means Californian wine and Detroit cars will be cheaper for foreigners.

As an exercise, name ONE american company.

well it's good for companies that earn the bullk of their earnings overseas, companies like Proctor and Gamble, GE, MSFT, Google.

California wines are perfect, I would never buy French. I drive American cars and bikes. I don't recall the last time I bought something made in China

Why would goods manufactured/assembled in the US be cheaper?? The only advantage in that is it prob helps keep unemployment stats down, tho at higher labor cost. Example.. the car industry relies on imported raw material - paid for at high cost by low value dollars. If there were cars actually being exported, that would be another story - but it's not the case. The balance of trade has been running at a deficit for decades.

:1orglaugh:1orglaugh

Quote of the day......!

Don't travel much eh?

Simple economics, inflation will go up... The US economy relies on products from other countries, if your dollar is worth less then you'll be paying more.

I get 30% less for the US $ now than I did 3 years ago :(

We are all in the same boat, if US sinks, so will everyone else...

Speaking of wine, grab a hunk of cheese to go along with it.
Jeese, get over it!

http://i143.photobucket.com/albums/r...r11/cheese.jpg

So Canada, UK and China are 3rd world countries.... :1orglaugh:1orglaugh:1orglaugh

Can you say Morons again, it makes me smile when you say it Trey :pimp

Same story in Australia.. one AUD buys US 84 cents. I remember when it used to be around the 65 cent mark :(

i went to the bank to deposit a TCG check today and my heart cried a little bit..
good thing i opend up a US account so it just sits there

For how long will it stay this way :-(

Who wants to travel to Europe if it's going to cost 50% extra for everything you buy.

THANK YOU

Dude im from Australia, and i got in this so long ago that i remember when it was around the 58 mark, that was about 4-5 years ago.

Now my bank is giving me 86 cents

Combined with less and less sales and such a fucked up exchange im beginning to think this isnt worth it..

By the way, we should get paid in euros that would stop the USD problem!

That'd be nice! :)

That will come to pass :thumbsup

Boy there are some real morons here (like that's shocking or something)

No way I can reply to each idiotic post individually, so I'll just say this.

Inflation in the U.S. is next to nothing, the cost of the average basket of goods for the U.S. consumer hasn't changed, so why should we give a flying fuck how many dollars equals a euro?

IF we have an inflation problem then the U.S. consumer should worry about a "weak dollar", otherwise it doesn't matter to us.

If the dollar is weak against other currencies it means that U.S. produced goods are cheaper for foreigners to buy AND it means that those same goods are cheaper (relatively speaking) for U.S. consumers to buy.
All of that IS GOOD NEWS for the average American.

So magically a weak dollar trying to purchase imported product from China, Japan and the EU has no effect whatsoever on the average US person? That's a unique concept.

Inflation and a weak dollar are totally different subjects. Keeping to the thread subject - a weak dollar means more purchasing cost on imported product. Trust me - Wallmart know this well.

Correct - it's fair to say a weak dollar should encourage an increase in exports. However, that is not happening in practice and the trade deficit has been a total failure for decades.

The basic problem, with exceptions, is that US consumption level far exceeds the ability to manufacture/export at competitive prices and this has been the case for roughly three decades. To support current consumption loans are being granted from other nations with China being the main lender of roughly 30% of loans.

the fall of the empire.