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C'mon american currency

Discussion in 'BlackHat Lounge' started by peppe, Jun 16, 2011.

  1. peppe

    peppe Regular Member

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    Nothing more to say actually..

    It's great that the dollar is low for paying apps, backlinks, articles and stuff but when it's payout time from cpa company's is friggin' rediculous.

    I have to make 1400 $ to get 1000 ? I just hope it doesn't trop any lower

    just my ,02
     
  2. HostStage

    HostStage Jr. VIP Jr. VIP Premium Member UnGagged Attendee

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    As I'm more in a buying time, I'd rather $ stay low ..

    But € drop from 0.06 points yesterday :(


    For earning as you said it is another matter :)
     
  3. mikemeth

    mikemeth Power Member

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    yeah having same problems where are the times when dollar was 0,74 EUR :/
     
  4. PerfectChoice4u

    PerfectChoice4u Junior Member

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    America is doomed. Dont worry though, hope is on the way, and that's change u can believe in!

    Seriously, look at the downfall of the US in a positive way. For those of us with money, that bought gold to save ourselves from our treasonous government, buying gold.

    Then turning it in for the new currency when the dollar fails/government finally defaults, or through simple dollar hyperinflation, buy up this country for literal pennies on the old dollar :)

    The American population is so dumbed down, its nuts. It creates awesome opportunity for those willing to take advantage of the peasantry. Like playing the game of life against children, as i always like to say

    Anyways, if there's one sure bet to make right now in the world, its against America
     
  5. bushbabie21

    bushbabie21 Executive VIP Jr. VIP Premium Member

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    Its about to get a lot worse...if you pay attention to the news, hyperinflation is inevitable and getting ready to show its face in regards to the US $
     
  6. Autumn

    Autumn Elite Member

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  7. bushbabie21

    bushbabie21 Executive VIP Jr. VIP Premium Member

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    The problem is that since the dollar is the reserve currency around the world, when the US goes down, everone will be in serious trouble. None of the financial problems are isolated...Read up on physical silver if you want to grow and preserve any whealth that you have. I hope they are wrong, but according to some financial projections, hyperinflation could start as early as late 2011
     
  8. Autumn

    Autumn Elite Member

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    Yep late 2011 seems to be a time frame I've see bandied around quite a lot over the past few months and it's pretty freaky really. That's like, tomorrow.

    Peter Schiff's book Crash Proof is a good read. He talks about how the Asian economies (and other producers like Brazil) are going to take over once the dust has settled after the USD crashes, and how to protect yourself financially. Of course, the best protection is a garden, some chickens and a rifle...

    Code:
    http://www.mediafire.com/?2m92nhdfa97g3sh
    
     
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  9. Monrox

    Monrox Power Member

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    Why so many people think hyperinflation is bad? It's the best thing can happen to an indebted entity. All these doom prediciting books read like some rehashed wso nonsense.

    It's really simple. A fiat money environment means that money has no intrinsic value, it is a big fat nothing. As such, it is better to have goods than nothing. Or, you exchange nothing for goods, same thing.

    Of course I can't use this to my advantage since banks can then exchange the nothing I owe them for physical goods in my possession, e.g. through a court decission. But the America's debtors? What could they do, petition the UN for ownership over half of the country's territory?

    Or the OP's situation, he now has to work more to earn the same. That's not inflation, it's the opposite - deflation for his US partners. How so? Well a pound of beef still costs the same over there. But the OP needs to bring in more money to cover his expenses in his country. Which effectively allows for more beef for the said partners.

    It can be argued that beef won't cost the same when the gov defaults... but USA is the biggest producer of maize, Germany the biggest producer of complicated machinery, Japan of electronics, Australia of sheep and so on. Worst case scenario, these countries start to trade only with each other (again) and the respective populations will still be fed, well equipped and entertained. The only thing that will be missing is flashlights for 10c and singing postcards for 5c, things that the average Chinese can't afford even now. In this regard the Chinese nation should finally start asking itself why is their government letting them work for nothing while the clients are getting better off by the day.
     
  10. Autumn

    Autumn Elite Member

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    It's an issue for Americans because your purchasing power plummets (ie. prices skyrocket) whilst wages don't rise and you end up with a Zimbabwe situation, empty shelves and even more of a police state than you already do. It's not just a little bit of inflation, it's HYPERinflation.

    You might want to look at Yugoslavia as an example of what has happened in an apparently civilized country when hyperinflation hits...

    For everyone else, we have a period of instability and fucked-up-ness while we work out how we're going to trade with each other without the USD, and then as the purchasing power of Asia and especially China rises (since they have deliberately devalued their currencies for so long), we all bow to our new Asian overlords. However, for people who rely on and get paid directly in the USD (like internet marketers), we're fucked.
     
  11. DrKastner

    DrKastner Newbie

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    Hope it gets better, perhaps soon Greece and Ireland will go belly up?
     
  12. PerfectChoice4u

    PerfectChoice4u Junior Member

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    What you dont understand is that inflation of the USD effects other countries more. Not just oil, but many currencies, and denominated in USD.

    Here in American people go apeshit when they have to pay $5 a gallon for gas. Try paying more than than for a LITER, half as much, in Europe.

    When it comes to the price people pay for things like wheat, and cotton, something you dont buy as a staple here, u get your clothes from the store and your bread from the supermarket
    But in Egypt, and other countries, this is hitting them hard. Americans spend VERY little money compared to most other countries on food, many counties have their people spending 30+ percent of their income on food, as opposed to less than 15% for Americans.

    The differences go on and on and on. And behind it all is America and us literally spitting in the face of other countries, by inflating our currency and laughing as people in other countries starve. This will NOT last.

    Bottom line, Hitler had the world gang up on him for a LOT less than the US has already done. And eventually the best case scenario is going to be something called "gunboat diplomacy" on the part of other countries against the united states.

    The worst case will be a full boar world wide war with China playing the role of the US in that war and us playing the part of the Germans.

    Now I believe that's unlikely. But I could go on for hours and hours about how there's literally no way out of this for Americans without us at least losing 50% of our buying power. Inflation punishes savers. If a bottle of soda costs a dollar, it will then cost $2. And your wages will not increase. They will only get worse.

    Heed my words. Buy gold and silver while u can.