$1.59 NEW historic low for the dollar
 

1 euro = $1.5979
who wants to bet it'll fall past $1.60 tomorrow

god help us if America doesn't change it's ways, but hey McCain says he doesn't know shit about economy and that he doesn't really disagree with Bush on it

add another war in Iran and maybe we'll see a total meltdown :helpme

The European politicians wont want to see their economies tanking. They will eventually pressure the EU Central Bank to lower rates and bring the Euro down a bit. If they don't you'll be seeing US outsourcing companies opening in the next few years. "Just hire some cheap dirty Americans for that web design work"

on my way to the EU now. I guess I'm prepared to be raped by conversion rates

Sorry to disappoint you but it doesnt matter if a dem wins or not. We have a 59 TRILLION dollar debt to be paid and growing. The warfare-welfare state is the demise of the dollar and the demise of every empire. Might as sticky this thread because the dollar will continue to go down for the next few years or longer.

but I'm afraid, whatever the EU does, it won't be enough to counter the bad decisions the US central bank and government are making

WOW WOW, the total U.S. federal debt is $9.5 trillion
the 59 is only if unfunded Medicaid, Social Security, etc. promises are added, but get your point

Web design? no dude they suck at it. Outsourced Americans can only do writing and data entry .. leave web design and development for Indians and Russians lol ..

:1orglaugh:1orglaugh

You can make more money begging in Picadilly Square than you can at UPS.

Sucks if your from the usa and taking a holiday in europe this year :(

That is why I added "debt to be paid" :winkwink: That number is growing too :disgust

This is happening because the spotlight and attention is on the US. We created the credit/mortgage problem however banks over seas are also in this mess. They just havn't reported/came forward with it.

Eventually this year banks will have to spit out their earnings/losses and when this hapens we are going to a dramatic tank on the euro, Focus will be shifted off the US and onto the EURO and that will tank and the usd will gain strength and levels will go back lower.

EUROs time is comming it wont happen till third quarter or so in 08 but it will happen.

so far everything I've read from the analysts say the dollar will keep tanking the rest of the year

don't know where you're from, but if you're American, it typifies why America has such a hard time turning things around, you don't want to really face up to reality, if it's a negative one
=> things are going bad in America, but but... Europe and the rest of the world are going to crash too... soon

stop finding excuses or hoping for the bad luck of others and start fixing the problems at home

and even if the dollar gains some territory, do you honestly think it'll make up for all those loses? I'm afraid if we want $1 = ?1, America is going to have to invent cold fusion or something

I'm afraid the pain is here to stay :Oh crap

just creating a bigger division inbetween the upper and lower classes in the US

That is the American political culture. When someone fights for more freedoms in the USA you will always hear some moron saying "but we have it better than (insert third world country here)"

People from USA are a fucking bunch of mexicans.

Hey Nacos nacos...

so true, when you say that the dollar has lost value against almost every currency worldwide, you always have at least one idiot saying "we're still doing better than Zimbabwe" :error

every country has it's good and it's bad sides, every country is number 1 in at least 1 thing, be proud of the good things and face up to the bad and fix them

man, how much more money would we have been making if they hadn't stolen the election from Gore :Oh crap