Us Dollar Worth Less Then Swiss Franc

[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.

[Kirkland Laing]

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.

How does congress fix the subprime debt problem, and even if they could wave a magic wand how does fixing subprime debt change the overarching reasons why the economy is screwed ?

The dollar is screwed because the fed has printed historic quantities of dollars over the past seven years to ameliorate any economic bumps in the road and has thrown epic levels of liquidity at the markets, also because the US has huge twin deficits and no fiscal credibility with creditors and forex markets. Subprime is a drop in the bucket as far as the weak dollar is concerned.

[El Kabong]

.....and you said the Amero was just a figment of people's imaginations. The only way it could come to fruition would be to devalue the dollar in a horrible way to get the American people behind the idea of new currency.


Gold is the only REAL money

[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.

How does congress fix the subprime debt problem, and even if they could wave a magic wand how does fixing subprime debt change the overarching reasons why the economy is screwed ?

The dollar is screwed because the fed has printed historic quantities of dollars over the past seven years to ameliorate any economic bumps in the road and has thrown epic levels of liquidity at the markets, also because the US has huge twin deficits and no fiscal credibility with creditors and forex markets. Subprime is a drop in the bucket as far as the weak dollar is concerned.

Subprime is the main culprit. The US can say fuck you china, what trade deficit. congress didn't create the problem per se, but a lack of regulation in the housing market coupled with historically low rates b/c of 9/11 did this.

[Kirkland Laing]

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.

Yep, those Republicans almost never have any power. It's not like they've had a virtual lock on the presidency for decades, is it ?

It's dumbass Republican policies that are responsible for the current economic situation.


I'll be delighted if Obama loses and Lumpy wins, like I already explained.

[Von Milash]

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.

the opposite is also true though. the higher the price of imports means that domestic producers are more competitive in the global markets, and also more competitive at home.

it's incredibly complex.... issue such as these.... that's why everyone argues over weak dollar stong dollar and everything else.

[Dizaster]

Our interest rates have gone up HUGELY over the past 2 years as well... As all our major banks and financial institutions have a lot of money invested in America and it's economy/dollar.... So they pass on all their losses to us... Next thing we'll be having a housing market crash, so we're not to far behind you guys i'm thinking.