Dollar hits new low

[crazi_caliber]

The US dollar hit a new record low against the euro as investors sold the currency after the Federal Reserve's hefty interest rate cut.

The greenback dropped below the psychologically important $1.40 against the euro, deepening recent losses.

The euro jumped to $1.4018 in early Thursday trading, the highest since the launch of the single European currency.

ECB hints of interest rate rises, and stronger European growth, have also boosted the euro's value.

http://news.bbc.co.uk/2/hi/business/7004104.stm

 

[samh32]

Man this is wild! I'm heading back across the pond tomorrow, and I'm keeping my ass and my money on base! One thing that's cool is my Cost of living Allowance will increase.

 

[bgbtylvr]

i'll be damned!!!!! all this to save the housing market?

 

[Makkonnen]

i'll be damned!!!!! all this to save the housing market?

it cant be saved - they are trying to prevent the correction but it wont work
the past 6 years of recession were moved forward on the back of housing

pay now or pay later

one more huge catastrophic failure at the hands of republicans

ohh yeah eewwll if youre out there - Greenspan was a big time Rand friend/follower and he ushered in that faggotry

 

[Jam_Jam]

It takes 9 U.S. dollars to get a can of coke in Europe. It's like a U.S. dime for every Euro at this point. This is not good at all. When we fall, we are going to fall hard.

 

[Dirty Hubcaps]

It takes 9 U.S. dollars to get a can of coke in Europe. It's like a U.S. dime for every Euro at this point. This is not good at all. When we fall, we are going to fall hard.

say word......

 

[Spectrum]

ohh yeah eewwll if youre out there - Greenspan was a big time Rand friend/follower and he ushered in that faggotry

Yep..but he changed much of his philosophy...I was discussing this with a friend yesterday.. but went far away from Austrian-Econ principles and moved towards Keynesian... He ended up NOTHING like the person who had a chapter in: Capitalism: The Unknown Idea...

 

[Thick Johnson]

It takes 9 U.S. dollars to get a can of coke in Europe. It's like a U.S. dime for every Euro at this point. This is not good at all. When we fall, we are going to fall hard.

Nah it aint that bad.

Last time I was there 04 If u took $100 euros out of the atm ur
bank statement said $133. Now $100euros will say $140 on ur bank
statement.

Now in the UK the Dollar 04 was worth .50 cent.

Now that shit hurts.

Can't imagine it now.

 

[samh32]

Nah it aint that bad.

Last time I was there 04 If u took $100 euros out of the atm ur
bank statement said $133. Now $100euros will say $140 on ur bank
statement.

Now in the UK the Dollar 04 was worth .50 cent.

Now that shit hurts.

Can't imagine it now.

No that's wrong 100 Euros will get you 70.00 dollars. You have the conversion backwards. You can a #2 from McDonalds for almost 8 dollars

 

[trick20]

QUOTE=samh32;2692699]
No that's wrong 100 Euros will get you 70.00 dollars. You have the conversion backwards. You can a #2 from McDonalds for almost 8 dollars[/QUOTE]

don't you mean a 100 dollars will get you 70 euros??

 

[samh32]

QUOTE=samh32;2692699]
No that's wrong 100 Euros will get you 70.00 dollars. You have the conversion backwards. You can a #2 from McDonalds for almost 8 dollars

don't you mean a 100 dollars will get you 70 euros??[/QUOTE]


Yeah that's what I meant LOL!

 

[Spectrum]

No that's wrong 100 Euros will get you 70.00 dollars. You have the conversion backwards. You can a #2 from McDonalds for almost 8 dollars

You actually reversed it brah.

 

[Makkonnen]

You actually reversed it brah.

i wish i could reverse my fuckin citizenship before the "greater depression" hits

 

[Spectrum]

i wish i could reverse my fuckin citizenship before the "greater depression" hits

man.. all of this shit is only making it easier for me not to return homie

 

[jordanm1999]

actually that's good for the usa, they can now trade with many counrties and sell more products overseas. since 2001, the number of billionaire have double in the USA. American goods are now in every single country in the world, they can afford buying them and also come the USA for school or business. yall have to understand that USA is Britain + France + Japan.

 

[Deuterion]

actually that's good for the usa, they can now trade with many counrties and sell more products overseas. since 2001, the number of billionaire have double in the USA. American goods are now in every single country in the world, they can afford buying them and also come the USA for school or business. yall have to understand that USA is Britain + France + Japan.

The problem with that is we don't have anything of value to trade since all our corporations outsource all of their manufacturing to other countries.

 

[African Herbsman]

It's about to look like Argentina 1998 around here.

 

[Tazirai]

What the fuck is happening to this country?

I mean I joined the military to keep american interests in american hands.

Now we're killin ourselves from within. Selling our businesses to foreigners.
Allowing foreign interests like mexico define us.
I mean WTF?

I still love the US, but damn, by the time I die I won't even recognize this country.

 

[African Herbsman]

What the fuck is happening to this country?

I mean I joined the military to keep american interests in american hands.

Now we're killin ourselves from within. Selling our businesses to foreigners.
Allowing foreign interests like mexico define us.
I mean WTF?

I still love the US, but damn, by the time I die I won't even recognize this country.

Your country has betrayed you, you'll be wearing a Mexican uniform soon.

 

[BorderLord]

Your country has betrayed you, you'll be wearing a Mexican uniform soon.

Not if I can help it. There are 800 million Africans on the African continent. That is 800 million customers for African American companies.

I see a lucrative business for Africans throughout the whole diaspora!

 

[blaQue Ice]

Two words ..........BUY GOLD!!!

 

[Winslow Wong]

actually that's good for the usa, they can now trade with many counrties and sell more products overseas. since 2001, the number of billionaire have double in the USA. American goods are now in every single country in the world, they can afford buying them and also come the USA for school or business. yall have to understand that USA is Britain + France + Japan.

Preach


This is a prime opportunity for entrepreneurs to seek foreign investor who can invest money int he us and get a greater return on their money than they can in their country. We have to think of the economy as global and not be so tied into just the US economy but the economies of the rest of the world and us one resource and then another and then another.

Right in your hometown their are people that can tie you into foreign investors even if you have something as small as a cell phone business or a candy or 99 cent store.

 

[UniqueStyles82]

Preach


This is a prime opportunity for entrepreneurs to seek foreign investor who can invest money int he us and get a greater return on their money than they can in their country. We have to think of the economy as global and not be so tied into just the US economy but the economies of the rest of the world and us one resource and then another and then another.

Right in your hometown their are people that can tie you into foreign investors even if you have something as small as a cell phone business or a candy or 99 cent store.

You make some solid points brova...As bad as it sounds that the dollar is getting devalued to shit, think about what this could do for future american JOB CREATION AND JOB GROWTH...Remember when GW41 was criticized about doing nothing regarding the failing economy and more than likely the dollar was devalued as it is now and clinton stepped into office and him and greenspan put in a plan for job creation/growth...yeah they did the damn thing adding what was it 30 million new jobs to the American job market..but "sigh" unfortunately China is already the worlds cheapest goods maker and its so unfortunate that the US is its main customer...I told my roommate that Ive come to the conclusion that American corporations dont believe in the American worker anymore...peace out