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Are YOU worried with U.S. falling currency rate?

Discussion in 'BlackHat Lounge' started by BlackSeng, Apr 27, 2010.

  1. BlackSeng

    BlackSeng Jr. VIP Jr. VIP

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    Well, I'm living in the other part of the world - Singapore.
    About a year ago, the currency rate was: US$1 - S$1.7

    Then last month, it was: US$1 - S$1.4


    Then as of today, it's: US$1 - S$1.366


    Holy hell, I'm starting to worry here... anyone in the same shoes as me?
     
  2. SquirlyNutz

    SquirlyNutz Power Member

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    The american dollar also sucks here in Canada. $1 US = .98 cents .
     
  3. cybiao

    cybiao Regular Member

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    same here :(
     
  4. BlackSeng

    BlackSeng Jr. VIP Jr. VIP

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    Damn! I feel for you, bro...

    I just hope the american dollar will strengthen again...
    Perhaps we could change our payout currency?
    Since the American dollar seems to be constantly falling, I feel like changing the payout currency to some other currency... maybe the Pound, Euro or Yen.

    You know.. currency rates that are on the rise. Then maybe keep the funds there for a little while then withdraw it.
     
    Last edited: Apr 27, 2010
  5. BlackSeng

    BlackSeng Jr. VIP Jr. VIP

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    Oh yes, and not to forget about the U.S. bailouts and other legislations...
    I heard a hyper-inflation will happen soon... I just can't imagine how devastating it will be...
     
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  6. Reznor

    Reznor Newbie

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    The US dollar goes down because of our trade imbalances & because the Fed is intentionally devaluing it. The dollar NEEDS to go down because it makes exports cheaper and alleviates the trade imbalances we have.

    This means gold, oil and commodities go up.

    Money moves. It never goes away. It just moves - and we need to follow it.

    When currencies lose value commodities almost always go up. Don't focus on the loss of the value of the US dollar but focus on the gain in commodity prices.

    My $.02 on the matter.
     
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  7. xplicit

    xplicit BANNED BANNED

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    Imagine that something else in the US going to shit. No Not the USA..
     
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  8. TheInternetHustler

    TheInternetHustler Regular Member

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    You havent seen nothin yet, I think inflation is higher than the current exchange rates, for the past few years the federal reserve has been skewing their numbers to make it seem like there is not so much inflation. This wont last forever. The national debt keeps rising, our money is backed with nothing(used to be backed with gold when people were sane), it's just a matter of time before fractal reserve banking system causes the inevitable collapse of the dollar, and thus the stock market and world economy. Invest in commodities, gold, silver, anything but currency.
     
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  9. g111k

    g111k Regular Member

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    Well, considering money is DIGITAL now... the US currency will go wherever the fuck is most convenient for those who are "printing" it...

    It could easily crash though in some cases ... such as uniting North American currencies let's say, which would require a new central bank, which would obviously be located in US... and the only way they would be able to sell this to people is by hyper-inflating current currency and dropping this whole united currency shit as the only solution... I know I know it's a conspiracy theory, but hey, it's about as real and reasonable as a healthcare system designed to grow and function by denying health care to patients
     
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  10. Fireboltgirl

    Fireboltgirl Regular Member

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    Would help me if NZD would fall against the USD. Read an analysis that said NZD was over valued by at least .20, but yah, don't see that. Hyperinflation will be nasty and worst of all despite warning signs most of the Sheeple don't see it coming.
     
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  11. Waterfield

    Waterfield Newbie

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    You guys are talking a load of nonsense and just show how herd mentality works on the internet. I bet none of you questioned if the currency was actually falling.

    Good example with the singapore currency and the USD gaining on it.

    The USD has been strengthening since December last year and it peaked during the collapse of the equity markets (flight to USD "safety").

    This chart should help...

    http://www.fxstreet.com/rates-charts/usdollar-index/ - timeframe = weekly.

    Phil.
     
    Last edited: Apr 27, 2010
  12. richgeek

    richgeek Newbie

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    We have $13 trillion deficit with several trillion added with the new administration and the spending will not stop yet. Further, we also have $135 Trillion unfunded liablities. Check the US debt clock: http://www.usdebtclock.org/

    What do you think is going to happen with the dollar. I left the former soviet union and last year after the election, I feel that I am back in the former soviet union or the beginning of it. I think the safest place will be back in Mother Russia which has only 6% debt to GDP ratio unlike the US which is heading to 90% debt to GDP ratio.

    It is up to you guys to do your own research and look at the numbers and make up your own minds.

    I think in 3 Gs ( Guns, Gold, God) in that order.

    Good Luck and stay safe
     
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  13. risefromdeath

    risefromdeath Power Member

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    If its so..then as being said above 90% to GDP ratio..then i guess sooner or later..it will result in a deep crash..and thus crashing the world market and economy again..this time more harshly than the last time.
     
  14. tygrus

    tygrus Supreme Member

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    Why do you think people only want twitter and FB accounts with U.S. citizens? - because they buy shit endlessly and continue to overextend themselves.

    The U.S. is simply on a path that is not sustainable with its debt and borrowing and cutting taxes. Its GDP is high compared to the rest of the world but most of that is made up of borrowed spending by consumers which is not a real wealth effect, but most of the economy is based on it. If it ever stops, 3/4 of the world will be out of work.

    The U.S. is facing some strange times ahead. Predictions are that its population will hit 500 million in the next 25 years and it will become totally an importing nation for everything, including food and energy. Even as its population swells, its workforce shrinks leading to a lot of discontent as you can see with the tea party rallys. This will lead toe even more polarization in the country making it near ungovernable while at the same time international powers are thumbing their nose at the U.S. and taking their place on the world stage.

    I read somewhere that the U.S. has a secret plan to stay 20 years ahead of any nation on earth even if it means nuking someone back to the stone age.

    Personally gold and silver aren't gonna do you much good if the country goes into anarchy. A little piece of land in montana where nobody can get to you is a better investment.
     
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    Last edited: Apr 27, 2010
  15. richgeek

    richgeek Newbie

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    That is what I have been reading. Right now we are running on fumes because of the stimulus dollars are holding us up. But, as you can see unemployment is not dropping really and in most areas increasing especially within minority communities which could go up to 20+ %. Based on the data that is commonly available the only thing that can save us is to cut spending by 50%, bring back US millitary from other parts of the world, etc. It will be tough but if US uses common sense and good budgeting skills that it can pull out of it. United States is a wonderful and powerful country. To me it is like haven. It saved my life and the lives of many people through out the world. Americans are probably the most charitable people on the face on the earth. I served in United States Military durring the cold war. I was one of the few Russians there. But, I fear things changed in this country and not the the best. All these entitlement programs is killing this country. As a libertarian, the best approach is limited government. This model always worked in the past. Socialism and Communistic models all failed.
     
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  16. JuicyBlack

    JuicyBlack Regular Member

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    I will soon demand cpa payments to be made in EUR or packets of currency investment leaning towards foreign currencies (JPY/EUR/AUD)..... thats all I am going to say
     
  17. Waterfield

    Waterfield Newbie

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    Hahahahahaha. once again you know nothing.

    There is a Greek crisis currently and Greece might get kicked out the Euro or default. The markets have not liked the bailout packages which have been put together by the IMF et al.

    If this happens then there is a chance other countries in the eurozone might be on the same bandwagon (the PIIGS).

    So while lately the USD has been getting stronger, the euro has been getting weaker (along with GBP and marginally JPY).

    Stop trolling me!!!

    Phil
     
  18. tygrus

    tygrus Supreme Member

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    Dude, thats not the reason the U.S. dollar has gained stength. Its because China holds all the reserves and the U.S. has been over there a dozen times in the last year or so kissing their ass. You just don't read about it in the news. China could drop the value of the U.S. dollar to 30% of its current value in one day if they wanted to.
     
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  19. AllInOneSEOServices*

    AllInOneSEOServices* BANNED BANNED

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    Same situation in india too buddy.. before it was 1$ = 50 rupees , so on it reached to 45 rupees now :(
     
  20. Waterfield

    Waterfield Newbie

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    China. Have a pegged currency system which is manipulated so that they can export as cheaply as possible. However this hurts their imports.

    They export almost 20% of their goods to the USA and they import 8% of their good from there.

    They will not appreciate the currency unless they needed to. If they hurt the USA they hurt their own economy.

    Please get your facts right.

    Phil