Euro Breaks 1.5 Milestone Again...

[GTaudiophile]

The Dollar continues to die...and devalue.

The Euro now buys 1.5 Dollars...and Dollar now buys 0.66 Euro Cents.

And no one really cares.

That is all.

 

[bfdd]

Let me know when it hits 1.65+ again so I can short it and make some money.

 

[OCGuy]

Some people here in the US care. But every time they say something, they are denounced as racist or Bush lovers.

In reality, the vast majority of Americans couldn't even explain why the devaluation of the USD and an inflated money supply are bad.

And the Democrats who are smart enough to know it is a bad thing have to pretend it isnt, so they can support massive spending bills.

And even the people who are against our drunken spending are for it when it benefits them personally. (check in the mail, anyone? Yes please!)

Basically we will suffer the fate of every other empire built on a fiat currency.

 

[StageLeft]

I care, but only really its value to Canadian because I have some Canadian debt I fvcking refuse to pay off at the parity I'd get now. I hope it swings back to where it helps me

 

[Slick5150]

Originally posted by: GTaudiophile
The Dollar continues to die...and devalue.

The Euro now buys 1.5 Dollars...and Dollar now buys 0.66 Euro Cents.

And no one really cares.

That is all.

Damn communist Europeans and their successful currency!

 

[Ausm]

Originally posted by: GTaudiophile
The Dollar continues to die...and devalue.

The Euro now buys 1.5 Dollars...and Dollar now buys 0.66 Euro Cents.

And no one really cares.

That is all.

Helps my Gold and European bank investments

 

[K1052]

Originally posted by: Slick5150

Originally posted by: GTaudiophile
The Dollar continues to die...and devalue.

The Euro now buys 1.5 Dollars...and Dollar now buys 0.66 Euro Cents.

And no one really cares.

That is all.

Damn communist Europeans and their successful currency!

Define success. A rising currency in the middle of a global recession that makes your goods and services more expensive than those offered by the US or Asia probably isn't a good thing.

 

[dainthomas]

Originally posted by: K1052

Originally posted by: Slick5150

Originally posted by: GTaudiophile
The Dollar continues to die...and devalue.

The Euro now buys 1.5 Dollars...and Dollar now buys 0.66 Euro Cents.

And no one really cares.

That is all.

Damn communist Europeans and their successful currency!

Define success. A rising currency in the middle of a global recession that makes your goods and services more expensive than those offered by the US or Asia probably isn't a good thing.

Unless you're in Zimbabwe.

 

[MiniDoom]

Zimbabwe doesn't make anything.

 

[bamacre]

Originally posted by: rdubbz420
Zimbabwe doesn't make anything.

They make money!

 

[MiniDoom]

Originally posted by: bamacre

Originally posted by: rdubbz420
Zimbabwe doesn't make anything.

They make money!

lol

 

[OCGuy]

Originally posted by: rdubbz420
Zimbabwe doesn't make anything.

Are you saying child soldiers arent a profitable export?

 

[bfdd]

The US dollar should honestly be around 1.8-2 to 1 euro atm, but for some reason it keeps getting deflated. It's either because other currency is becoming worth less(not worthless) also or other countries are trying to keep it from inflating to much. After Obama goes to China and they work out that they're going to appreciate the Yuan by 25% we'll probably see the dollar lose some of it's value again. If I was still paying attention to forex, I'd probably of been holding on for it to hit 1.6-1.7 then shorting it when it gets to that point.

 

[StageLeft]

Originally posted by: rdubbz420

Originally posted by: bamacre

Originally posted by: rdubbz420
Zimbabwe doesn't make anything.

They make money!

lol

seconded

 

[larciel]

Up and down and up and down and up.

Catch the wave and earn some $$$

 

[Jadow]

one thing's for sure, my trip to Europe is ON HOLD!

I'm not going till I can get 90 cents on the dollar.

 

[WhipperSnapper]

Originally posted by: bamacre

Originally posted by: rdubbz420
Zimbabwe doesn't make anything.

They make money!

Is that money like the funny money that came with my Monopoly game?

 

[davestar]

Originally posted by: OCguy
Some people here in the US care. But every time they say something, they are denounced as racist or Bush lovers.

In reality, the vast majority of Americans couldn't even explain why the devaluation of the USD and an inflated money supply are bad.

And the Democrats who are smart enough to know it is a bad thing have to pretend it isnt, so they can support massive spending bills.

And even the people who are against our drunken spending are for it when it benefits them personally. (check in the mail, anyone? Yes please!)

Basically we will suffer the fate of every other empire built on a fiat currency.

if you can't get past the "fiat money" thing then you don't belong in an intelligent discussion about modern economics.

 

[XZeroII]

Originally posted by: GTaudiophile
The Dollar continues to die...and devalue.

The Euro now buys 1.5 Dollars...and Dollar now buys 0.66 Euro Cents.

And no one really cares.

That is all.

You are really ignorant on economics.

 

[bfdd]

Originally posted by: davestar

Originally posted by: OCguy
Some people here in the US care. But every time they say something, they are denounced as racist or Bush lovers.

In reality, the vast majority of Americans couldn't even explain why the devaluation of the USD and an inflated money supply are bad.

And the Democrats who are smart enough to know it is a bad thing have to pretend it isnt, so they can support massive spending bills.

And even the people who are against our drunken spending are for it when it benefits them personally. (check in the mail, anyone? Yes please!)

Basically we will suffer the fate of every other empire built on a fiat currency.

if you can't get past the "fiat money" thing then you don't belong in an intelligent discussion about modern economics.

Your post makes no sense...

 

[OCGuy]

Originally posted by: davestar

Originally posted by: OCguy
Some people here in the US care. But every time they say something, they are denounced as racist or Bush lovers.

In reality, the vast majority of Americans couldn't even explain why the devaluation of the USD and an inflated money supply are bad.

And the Democrats who are smart enough to know it is a bad thing have to pretend it isnt, so they can support massive spending bills.

And even the people who are against our drunken spending are for it when it benefits them personally. (check in the mail, anyone? Yes please!)

Basically we will suffer the fate of every other empire built on a fiat currency.

if you can't get past the "fiat money" thing then you don't belong in an intelligent discussion about modern economics.

.......

 

[cliftonite]

Originally posted by: OCguy
Some people here in the US care. But every time they say something, they are denounced as racist or Bush lovers.

In reality, the vast majority of Americans couldn't even explain why the devaluation of the USD and an inflated money supply are bad.

And the Democrats who are smart enough to know it is a bad thing have to pretend it isnt, so they can support massive spending bills.

And even the people who are against our drunken spending are for it when it benefits them personally. (check in the mail, anyone? Yes please!)

Basically we will suffer the fate of every other empire built on a fiat currency.

How is this just a Democrats problem? According to charts here: http://www.advfn.com/p.php?pid=qkchart&symbol=FX^USDEUR it has been lower in 2007/2008.

 

[ebaycj]

Originally posted by: Jadow
one thing's for sure, my trip to Europe is ON HOLD!

I'm not going till I can get 90 cents on the dollar.

Sounds like you're not going for the forseeable future.

 

[Special K]

Originally posted by: OCguy
Basically we will suffer the fate of every other empire built on a fiat currency.

How many nations are there today that don't use a fiat currency?

 

[Woofmeister]

The Obama Administration's economic policies have been one big goose egg, but the falling dollar is an odd thing to latch onto. U.S. goods become cheaper and foreign goods become more expensive. Exports rise, imports fall.

As an added bonus, China's massive reserves of dollars accumulated due to its own currency manipulations and anti-competitive policies continue to fall in value.

I'm sure there's a downside to a falling dollar, but I can't find it.