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Can the US dollar get any worse ?

Discussion in 'BlackHat Lounge' started by SquirlyNutz, Apr 6, 2011.

  1. SquirlyNutz

    SquirlyNutz Power Member

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    Man,this really sucks, i just transfered some US funds into CA and lost $100 bucks on the exchange.:(
     
  2. drey2k

    drey2k Power Member

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    Yeah it can and probably will.
     
  3. emptyeternity

    emptyeternity Registered Member

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    Well Americans have a way to fix that, support and vote for Ron Paul..

    and End the FED!!!
     
  4. dalailama

    dalailama Junior Member

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    Love it!

    The Swedish SEK is more strong than ever and the USD is cheap. Thanks to this, my budget for IM have improved dramatically :D
     
  5. mydomainidea

    mydomainidea Junior Member

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    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
     
  6. Maruk

    Maruk Power Member

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    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.
     
  7. wokaka

    wokaka Senior Member

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    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)
     
  8. wokaka

    wokaka Senior Member

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    @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.
     
    Last edited: Apr 6, 2011
  9. jb2008

    jb2008 Senior Member

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    they need to so that their massive debt can be less... get your $$ into hard assets like silver while you can
     
  10. philly3

    philly3 Regular Member

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    The Chinese own 95% of the United States considering we owe them trillions and trillions of dollars. So ask China.
     
  11. wokaka

    wokaka Senior Member

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    @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
     
  12. aporellos

    aporellos Registered Member

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    That´s the worst part of Internet marketing to me. Just to make clear numbers, from every 1000$ I make , I receive only 670 euros. wish will be something close to 1:1 or similar. Probably , we Europeans, have to double our traffic just to keep earning healthy in a year or so
     
  13. mydomainidea

    mydomainidea Junior Member

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    @ aporellos

    i definitely hear your pain.
     
  14. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    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
     
  15. Darkone

    Darkone Junior Member

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  16. jaerehan

    jaerehan Elite Member

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    I second that :( Or you and me just need some smartass politicans again to talk about some stupid stuff. It works always.
     
  17. goodtimes

    goodtimes Power Member

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    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.
     
  18. jbtalk2me

    jbtalk2me Registered Member

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    The Dollar in on the decline. Rough times ahead. Better start learning chinese.
     
  19. businessbira

    businessbira Power Member

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    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.
     
    Last edited: Apr 6, 2011
  20. efwebs

    efwebs Regular Member

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    So do you "make" money when you move your money into US dollars?