Discussion in 'BlackHat Lounge' started by leisure, Mar 13, 2011.
US currency drop day by day , what cause to happen this ?
borrowing money they don't have.
hahahaha, but US still the richest country now..
everyday for 41 years....
If by richest you mean the most in debt, yes.
Peter Schiff reckons that the USD won't last out the rest of the year.
Sometimes it strikes me as funny that we have all of this stuff to worry about. Currencies, recessions, global markets, oil prices and what not. It almost feels weird to think that there was a time when all we needed to be happy was some food, a little place to live and two sets of clothes to wear.
thats how we roll..yo
Massive LOL @ "US is still the richest country"
I think they score pretty well at poorest country ever soon.
fail comment of the day
according to google... Usa still the richest country.. just wondering why he keep borrow money from other country..
The only thing keeping the USD afloat is the fact that it's the default currency for international trade and specifically the oil trade. Also China is basically forced to keep the dollar at a certain level, otherwise all of their foreign currency debt (which is in USD) will be devalued until it's worthless.
At the same time, the USA is in deep shit. There's no manufacturing base anymore and the US economy is basically based on consuming the products of other countries in return for issuing ever-increasing IOUs in the form of trade surpluses and at the same time devaluing their own currency by continually printing more money with each round of "quantitative easing."
The rest of the world knows this and that's why the USD (along with the US in general) is slowly sinking into the toilet.
that bad for selling item to USA...
Yeah, and for anyone not in the USA who sells in USD.
I sell most of my products in USD and have noticed a significant drop over the past few months as a result.
A $47 product was bringing in circa £33 for me. Now, it's under £27 (figures include PP fees). Multiply that drop by several thousand and you'll know why I'm not happy!!
I've noticed this problem too its decreased so much like every month I lose a little ammount but it all adds up.
Im loving the £ to $ at the moment
Thank You Mr. Obama
yeah sure, it's Obama fault, lol
He's the one who started trillions dollars worth wars
On the bright side, Euro/GBP Facebook vouchers continue to gain value. =P
i think its not true, its going high day by day
When will be next elections ?
i hate us dollar because everytime i exchange to my currency im losing so much, sucks eh
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