Discussion in 'BlackHat Lounge' started by SquirlyNutz, Apr 6, 2011.
Man,this really sucks, i just transfered some US funds into CA and lost $100 bucks on the exchange.
Yeah it can and probably will.
Well Americans have a way to fix that, support and vote for Ron Paul..
and End the FED!!!
The Swedish SEK is more strong than ever and the USD is cheap. Thanks to this, my budget for IM have improved dramatically
it will get worse. within the last year the USD has dropped over 11%. ron paul will makes things temporarily better for as much time as he can. unfortunately history will probably repeat itself and the USD will be devalued. one piece of advice is get ready for hyper inflation and protect your assets
Yeah it sucks I feel your pain, however, now that the US almost controls Lybia and it's oil flow I hope that either the EUR goes down or the USD goes up.
Either way, oil prices are getting at peak values again so we'll see what happens next.
1 USD was 9300 IDR around a year ago
now 1 USD = 8600 IDR
I believe by the end of this year 1 USD could be around 8000 IDR (so total 20% drop in just 18 months)
@Maruk: i honestly doubt that. US government clearly wants to devalue its dollar, hence why when they saw Chinese RMB still had the same exchange value against USD, they were mad as hell (because they devaluing USD in order to make themselves competitive again but then the Chinese devalued their own RMB to keep their export competitive as well)
I think it's clearly US policy to devalue their own currency. They had no choice but to do that i guess...
I think the world, especially China and India, would come up with an idea of using new international currency. But as usual, the US will reject that since it'll fuck up everything they've planned. It might be possible though the trade between China-India-Russia-Brazil might be using new currency exclusive for themselves.
they need to so that their massive debt can be less... get your $$ into hard assets like silver while you can
The Chinese own 95% of the United States considering we owe them trillions and trillions of dollars. So ask China.
@philly3: that's why actually China won't let US keep devaluing USD (and also why the Chinese devalued their own RMB in order to keep the exchange value the same). They might be planning something in the near future
@jb2008: yeah, i have gold too and i think that's one of the safest investments as of now
i definitely hear your pain.
we need strong USD, that's for sure
same problem here, national currency is on rise atm (i lose $100 more on every $1k than 2 weeks before), i hope the market will correct itself soon
I second that Or you and me just need some smartass politicans again to talk about some stupid stuff. It works always.
I've looked at getting back into forex with some of my profits because of all the inflation that is being forecasted. Not even necessarily to trade or invest but to hedge against the inflation.
The Dollar in on the decline. Rough times ahead. Better start learning chinese.
Forex can be tricky.
Invest in precious metals instead: silver is on a roll (in january it went down to about 26 USD/oz, today is 39 USD/oz), gold is going up as well.
Commodities are worth your attention as well, for diversification (and investment) purposes.
If you own USD ger rid of them ASAP... cash is trash, baby. Gold (and silver) is money.
So do you "make" money when you move your money into US dollars?
Separate names with a comma.