what the bleep is $ doing?

Discussion in 'General Chat' started by alarik, Dec 9, 2006.

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  1. #1
    Have you noticed a hudge drop in the value of $?can someone that knows what he`s talking about give good reasons?
    Please,only good replys here;), thanks.
     
    alarik, Dec 9, 2006 IP
  2. Seiya

    Seiya Peon

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    #2
    Hum just read up some finance news and youll get the scoop on whats going on.. but what pisses me off the most is that if i had bought pounds with my money 6 months ago, i would of made a nice ROI by now :p
     
    Seiya, Dec 9, 2006 IP
  3. Notting

    Notting Notable Member

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    #3
    implication: if you are from UK buy lots of American stuff!
     
    Notting, Dec 9, 2006 IP
  4. Seiya

    Seiya Peon

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    #4
    Its surprising how many people who have euros and pounds come to NY just to shop and go back... lol they spend so much in plane tickets and they still get big savings.
     
    Seiya, Dec 9, 2006 IP
  5. Pietercornelis

    Pietercornelis Guest

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    #5
    To get back on topic:

    The American people and government spend more money than they earn. This leads to a very high debt, both for the US government and people. This debt will have to be repaid, and the higher the debt, the less other nations expect to get their money back. This leads to a lower value of the dollar vs euro and pound.
    Furthermore, the US economy is stalling, and less growth means less value of a currency.
     
    Pietercornelis, Dec 9, 2006 IP
  6. moneyballs2

    moneyballs2 Well-Known Member

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    #6
    the exchanage rate of £'s to american $'s has never been this low for about 15 years i think.... It's good for shoppers in the UK, not sure if it is affecting the USA shoppers...
     
    moneyballs2, Dec 9, 2006 IP
  7. alarik

    alarik Active Member

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    #7
    Yes that would be great,the topic is rather serious for many of us.
    The exchange of everything to US $ has not been so low for quite a while,it's quite bad for a lot of people all over the world that get payed in $ not euros or pounds.On internet for example,we can feel the $ droping each day when we are talking in big sums of money.
    What really worries me and I expect nothing less then a good,clean and smart answer is this : is the $ going to get back to it's formal value?will it be even more higher? or is it just the begining of the end for the US $ ?For what I've heard it's not even close to end it's downfall.
     
    alarik, Dec 9, 2006 IP
  8. w3bmaster

    w3bmaster Notable Member

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    #8
    Well i get money in $ and i'm starting to go in panic .....
     
    w3bmaster, Dec 9, 2006 IP
  9. alarik

    alarik Active Member

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    #9
    That`s what I`m talking about here,still nobody is capable of telling us good reasons for this,many of you probably don`t understand the exact consequences of this.
    Did you know that the most powerful banks all over europe are buying $ like mad?millions and millions,and that`s not becase of marketing,in hope it will rise again.They are doing this to help the US $ rise,to higher its value,nobody wants a week $,global economy will have to suffer...
     
    alarik, Dec 10, 2006 IP