Us Dollar Worth Less Then Swiss Franc

[SalTheButcher]

1 Swiss franc = 1.003915 U.S. dollars

swiss franc - Google Search

[Kev]

Does that mean the US is in the shit then?

[SalTheButcher]

indeed

[CutMeMick]

The economy is starting to really get bad....
The thing that makes me laugh is that the Prez comes on the teli and says everythings OK.

My ass....

[boozeboxer]

I agree. I wan the dollar bACK. I think that should be the main political goal.

[Gandalf]

The dollar is awful. Ive always admired the pound though. It always seems to balance itself out at a rate that seems to be reasonable when I want it to be. Sod the dollar though. A horrible currency to rely on.

[Fantana]

The US Dollar has been worthless since 1913 with the introduction of the Federal Reserve, it is not backed by gold it is 'fiat' money.

JFK was to introduce silver certificates, passed the law and made the federal reserve illegal, assassinated.

Lincoln introduce the greenbacks, didn't want the federal bank, assassinated.

When the US economy collapses Mexico, Canada and America are set to merge to create the North American Union and have the Amero as the new currency, like the Euro.

Yours in manliness,
Fantana

[CutMeMick]

The US Dollar has been worthless since 1913 with the introduction of the Federal Reserve, it is not backed by gold it is 'fiat' money.

JFK was to introduce silver certificates, passed the law and made the federal reserve illegal, assassinated.

Lincoln introduce the greenbacks, didn't want the federal bank, assassinated.

When the US economy collapses Mexico, Canada and America are set to merge to create the North American Union and have the Amero as the new currency, like the Euro.

Yours in manliness,
Fantana

I've heard this theory before

[Fantana]

The US Dollar has been worthless since 1913 with the introduction of the Federal Reserve, it is not backed by gold it is 'fiat' money.

JFK was to introduce silver certificates, passed the law and made the federal reserve illegal, assassinated.

Lincoln introduce the greenbacks, didn't want the federal bank, assassinated.

When the US economy collapses Mexico, Canada and America are set to merge to create the North American Union and have the Amero as the new currency, like the Euro.

Yours in manliness,
Fantana

I've heard this theory before

http://video.google.com/videoplay?do...80303867390173

That's Aaron Russo's film about the federal reserve banking system.

[Kirkland Laing]

The value of the dollar like every other currency is set by a number of factors not least of which are GDP and money supply. Since the advent of central banking and the beginnings of the global market fixing money to gold levels just became impossible.

The dollar is going to continue going down the toilet while the US keeps printing them at full speed. Bush can pretend all is well and the Treasury Secretary can claim that he's running a strong dollar policy but the foreign exchange markets don't lie.

[El Kabong]

Well seeing how we're in the biggest debt the world has ever known it makes sense to devalue the dollar to pay off the debt.



Also if you believe in the Amero (a monetary union of Canada, Mexico, and the USA made to counter the Euro) then it would only make sense to devalue the dollar to get the American public behind such a plan....if one exists.



Either way it was bound to happen.....also if you devalue the dollar enough maybe you ease the undocumented migration to the US.

I am not for this because it makes travel impossible but oh well shit happens, the money will come back up in some form

[Kirkland Laing]

Well seeing how we're in the biggest debt the world has ever known it makes sense to devalue the dollar to pay off the debt.



Also if you believe in the Amero (a monetary union of Canada, Mexico, and the USA made to counter the Euro) then it would only make sense to devalue the dollar to get the American public behind such a plan....if one exists.



Either way it was bound to happen.....also if you devalue the dollar enough maybe you ease the undocumented migration to the US.

I am not for this because it makes travel impossible but oh well shit happens, the money will come back up in some form

80% of the stuff Wal Mart sells is foreign imports. What happens when you walk into Wal Mart and the price tags make you think you've wandered into Neiman Marcus by mistake ?

What about $10 a gallong gas?

What about double digit interest rates because foreign creditors holding your depreciating dollars demand ever-higher rates of return to keep buying them ?

What about double digit inflation to go with it ?


In a couple of years the economic situation will get to a point where Americans will start paying attention to what's going on in the economy. Hopefully. And more hopefully Lumpy McCain will win the election and continue the same dumbass policies that got us here so that Obama doesn't get the blame and become the new Jimmy Carter.


Vote Lumpy '08.

[Dizaster]

The US Dollar is also like 98 cents Australian..

Most of my life if I saw something in US dollars, the general rule was to just double it (50cents) to work out how much it would cost me in my old Aussie dollars.. About 10 years ago it was around 75c cents from memory... Now it's almost equal..

So it's great for anyone outside America to order products from there...
In our stores however, American products are still 3 to 4 times the price they are in America.. So it's only cheaper to order from online..

But you know what?? I've actually come across a couple of US stores, changing their prices to British Pounds to preserve come of their prices... Not sure how it's working for them..

[El Kabong]

Kirkland you are a doom and gloom guy when Republicans can claim any power at all.


These things happen and it's not unusual for them to happen in an election year.


The economy should be the LEAST of Obama's worries considering his ties to Rev. Wright and Farakhan.

[Von Milash]

as soon as congress irons out the subprime issue and all that bad debt has flushed itself from the system, the dollar should, SHOULD come back at leaset somewhat. other problems beyond that (ie, the war) this is the main issue right now for its drop in value.