Dollar sucks!

[affhelper]

Ok, I have been to Europe this summer and last winter, and everytime I go it gets worse and worse as far as the value of our all mighty dollar

I am now trying to keep my money in Euros from now on.

[BIG Mike]

Originally Posted by affhelper

Ok, I have been to Europe this summer and last winter, and everytime I go it gets worse and worse as far as the value of our all mighty dollar

I am now trying to keep my money in Euros from now on.

Look on the bright side - if you're in Europe, products and services you pay for in US Dollars are dirt cheap

A $5 article is only Euros 3.45

A $27 ebook is only Euros 18.61

Life is good over here

[affhelper]

Originally Posted by BIG Mike

Look on the bright side - if you're in Europe, products and services you pay for in US Dollars are dirt cheap

A $5 article is only Euros 3.45

A $27 ebook is only Euros 18.61

Life is good over here

Hahaha, I noticed that. It's like WTF.

[1960Texan]

Originally Posted by affhelper

Ok, I have been to Europe this summer and last winter, and everytime I go it gets worse and worse as far as the value of our all mighty dollar

I am now trying to keep my money in Euros from now on.

I noticed the same thing last year when I was there. I'm still kicking myself for not investing in euros back when a euro was .90 USD.
Will

[affhelper]

Originally Posted by 1960Texan

I noticed the same thing last year when I was there. I'm still kicking myself for not investing in euros back when a euro was .90 USD.
Will

U would make a nice chunk of cash

[jeffhard]

man you are going to make a huge cash... why not share it to us?

[Daniel Brock]

You think the Euro is bad?

I went to London about a year and a half ago and it was 2 dollars to 1 pound.

Needless to say, I will never be returning to London again haha!

[KarlWarren]

It's about 1.6 dollars to a pound now... nice little payrise for me at the moment

[Ruth P]

Yeah, I am from the UK but since I earn a lot in USD it means I'm getting paid more But wow, the pound is really bad for travelling and exchanging, especially to Euros!

[ocon9316]

It is just going to get worse too. As long as the Fed keeps printing money as a solution to the US economic situation, the value of the dollar will continue to dramatically decrease.

When I got my first job, pushing carts at a local supermarket at the age of 15, I decided to buy some gold. I did this for two reasons - one was that at the age of 15 I thought it would be really freakin cool to have some real gold bars, and two because gold cost ~$273 per ounce at the time and I had been reading a lot about the Federal Reserve and U.S. Economics and figured it would be a good investment.

MAN I wish I would have bought more than the 5 ounces I ended up buying total, because what a healthy ROI! 10 years later and I still have that gold. It cost me a total of about 1400 bucks at the time (I bought it over the course of about 4 and 1/2 months.) It is now worth slightly over $5500!

Hindsight is always 20/20

[Fabian Lord]

Originally Posted by Daniel Brock

You think the Euro is bad?

I went to London about a year and a half ago and it was 2 dollars to 1 pound.

Needless to say, I will never be returning to London again haha!

Don't mention it....brings tears to my eyes when i put off buying some expensive software a yr & a half ago then several months later i had to pay a ridiculously inflated price in Pound Sterling due to the currency fluctuations.
You can come back to the U.K. now, the £ isn't so strong anymore.

[LetsGoViral]

It was really low at one time but now it has gone back up a bit. I think dollar will remain more or less stable. Of course, not as valuable as it once where. Personally I prefer saving up in different currencies.

[butters]

Originally Posted by KarlWarren

It's about 1.6 dollars to a pound now... nice little payrise for me at the moment

Well no, its just getting back to what it was :P...

At one time it was 2 dollars to the pound.

[millionebook]

Just had a quick look at Currency Converter , friends are going to USA in next few weeks and just crazy how it fluctuates. Probably change again by time they go ,
All the best guys

[claywalsh]

I hate to say this, but the US Dollar is going to lose plenty of value over the next several years. You can't print trillions of dollars out of thin air and not devalue a currency, seriously.

gold is a good place to keep your money - not even necessarily as an investment to "make money" (though you will) but just as a safe place. Its not hard to sell gold either, there is ALWAYS gold buyers who buy back at close to spot price.

[Suthan M]

Come down to Malaysia... Us dollars is well loved here :-D

[jbj]

I'm French, and go to NYC every year. When I'm in NYC, it is amazing because I can buy many things almost twice cheaper than in Paris.
The bad side is that all the rest of the year, I work 90% with Americans, so when I earn $1500, I only have 1000 euros here.

[Juanle455]

Well, Europe marketers are very lucky, but... I'm from Uruguay, South America, and boy, we are really lucky too, for example, the AVERAGE salary in my country is $450 dollars, a police officer earns $500, a doctor might earn $700 dollars per month, do you see the potential for people like me earning overseas?, is really powerful, because, for an internet marketer, 500 dollars per month is not much, for some of you is peanuts, but for a guy like a me, it means a good living, and what if I earn more?, well, maybe buying a top-notch condo.

Here in uruguay, the dollar is pretty low, but still it represents a real opportunity for marketers.

[theemperor]

Originally Posted by claywalsh

I hate to say this, but the US Dollar is going to lose plenty of value over the next several years. You can't print trillions of dollars out of thin air and not devalue a currency, seriously.

gold is a good place to keep your money - not even necessarily as an investment to "make money" (though you will) but just as a safe place. Its not hard to sell gold either, there is ALWAYS gold buyers who buy back at close to spot price.

Yes inflating the money base is a way of reducing in real terms the amount of debt the goverment and citizens have. It's the opposite of moral hazard, rewarding those who took on too much debt by reducing it's burden, and punishing those who saved by reducing the spending power of their savings.

However it is probably necessary to print to avoid total collapse in confidence and seizure of the credit markets. Of course ideally the governments (UK and US) would not have let this mess happen in the first place. And yeah plenty of people saw it coming.

[GeorgR.]

It's horrible and good at the same time.

My wife's parents from the states occasionally send checks for christmas/birthday...and its horrible to see how little the dollar is worth anymore. I feel bad for them every time they send us money.
Furthermore 100% of my business is in dollars, clickbank earnings, own products etc..etc...so in "real life" earnings it is way less.

The good thing: Yes, i am spending a lot on outsourcing, articles, IM products...and of course that's all relatively cheap

[GeorgR.]

Originally Posted by Juanle455

Well, Europe marketers are very lucky, but... I'm from Uruguay, South America, and boy, we are really lucky too, for example, the AVERAGE salary in my country is $450 dollars, a police officer earns $500, a doctor might earn $700 dollars per month, do you see the potential for people like me earning overseas?, is really powerful, because, for an internet marketer, 500 dollars per month is not much, for some of you is peanuts, but for a guy like a me, it means a good living, and what if I earn more?, well, maybe buying a top-notch condo.

Here in uruguay, the dollar is pretty low, but still it represents a real opportunity for marketers.

Scary...i could have a few mansions in Uruguay right now .) How's the weather down there?

[Toni Maltano]

I am also from Europe and I agree with Big Mike. When you need to buy
something online in USD it is pretty cool. You see an ebook for 27$ and only
pay 18€ or something near that.

But when you get paid from clickbank or CPA platforms it is so depressing to
se such a smaller number. Espescially if you recieve a high checks.

[Profit-smart]

You know a fun trick guys?

If you work with any INT aff companies, select/request that they deposit your funds in Euros.

I routinely bring in an extra $40-$50 this way, for some reason my bank converts the USD amounts to a higher value than the affiliate company.

I suspect this is because the exchange rate is lower in the country sending it here than it actually is here.

[NY1]

It all depends on what timeline you are using.

In the late summer of '08, the Euro was routinely in the range of 1.56-1.64 per dollar, as of right now, it's showing about 1.44 to a dollar; so in that time range it has actually gained some ground.

[Toni Maltano]

Gotta try that out

Originally Posted by Profit-smart

You know a fun trick guys?

If you work with any INT aff companies, select/request that they deposit your funds in Euros.

I routinely bring in an extra $40-$50 this way, for some reason my bank converts the USD amounts to a higher value than the affiliate company.

I suspect this is because the exchange rate is lower in the country sending it here than it actually is here.

[Juanle455]

Originally Posted by GeorgR.

Scary...i could have a few mansions in Uruguay right now .) How's the weather down there?

Really nice, snow doesn't exist here, also volcanos, hurricaines and extreme natural disasters don't exist either, the weather is pretty warm, it always stay in the average temperature, about 18º C

[Riz]

Lol! Yes, it's great and we feel like we are getting a bargain when paying in USD for services or products.

However, as most of us online marketers main income arrives in dollars it's a nightmare when it converts into your account and you have a lot less pounds/dollars.

On average the spending power of the dollar in America and the Pound in the uk are the same. So we earn way less than our friends over the pond for the same cheque value.

Riz

Originally Posted by BIG Mike

Look on the bright side - if you're in Europe, products and services you pay for in US Dollars are dirt cheap

A $5 article is only Euros 3.45

A $27 ebook is only Euros 18.61

Life is good over here

[grandstar]

I'm from Nigeria and our currency actually lost value against the dollar.

Ours is a petro-economy and when the price opf oil went from $147 to $35, it cost us badly.

Where all waiting for it to touch $150! (laughs)

[Joseph.]

Originally Posted by Juanle455

Really nice, snow doesn't exist here, also volcanos, hurricaines and extreme natural disasters don't exist either, the weather is pretty warm, it always stay in the average temperature, about 18º C

I now I'm getting way off topic here, but how are the girls in Uruguay? How do they compare, say, to chicas from Colombia?


Getting back on topic: I think US dollar will continue it's long-term decline because US gov't keeps creating enormous entitlement programs (think health care "reform") that are unsustainable and can't be paid for.

[MarkAse]

You know it's bad when you start seeing Euro's (or better yet British Pounds) in rap videos...which I have seen more then once.

Yeah the dollar sucks the big one right now and is likely to get worse.

On a good note, if you can still afford Europe you no longer have to deal with the American tourists that make you want to hide your nationality, or at least as many of them.

[Nickolie0990]

Dollar dose suck, and it isn't going to get any better.

[honestbizpro]

I am visiting Phillipines right now with a huge smile on my face.

Still paying off debt though.

[thehypnoman]

As a Brit living in Cyprus its swings and roundabouts for me, US dollars are very poor compared to euros, however I can buy stuff from the states for next to nothing.

[Andrew Wilson]

Yes, you are right, internet marketing is a real opportunity for people with good language skills.
The problem as I see it though, and like you, I live in a relatively poor country, is that stuff like cars, electronics, clothes and stuff still costs the same (or more) as they do in richer countries, so while I can earn a decent lving and not worry about food $500 is still not a lot of money.

But, if I wanted to rent (I don't like buying the place I live in!) the capital city in a place maybe 100 square meters, top floor, terrace and good quality, what kind of price would we be looking.at?

How much to live well, eating out in decent places, going to nice shops for food, stuff liek that?

Originally Posted by Juanle455

Well, Europe marketers are very lucky, but... I'm from Uruguay, South America, and boy, we are really lucky too, for example, the AVERAGE salary in my country is $450 dollars, a police officer earns $500, a doctor might earn $700 dollars per month, do you see the potential for people like me earning overseas?, is really powerful, because, for an internet marketer, 500 dollars per month is not much, for some of you is peanuts, but for a guy like a me, it means a good living, and what if I earn more?, well, maybe buying a top-notch condo.

Here in uruguay, the dollar is pretty low, but still it represents a real opportunity for marketers.

[theunknownthem]

Dollar will be in decline, if not a full out plummit here shortly. Keeping my eye on the Massachussets election. Wishing I had a bunch of money to dump into silver and gold right now before it goes down.

[NY1]

While you can't print more gold and silver, you certainly can manipulate the price and cause an artificial bubble.

It's happened before and it can easily happen again.

Create enough panic in people and persuade them to move from cash to commodities and there is your bubble.

Though the news media won't tell you this because the story is not sexy enough, the dollar is stronger than it was 1 year and a half ago.

The stock market is right about where it was a year and a half ago.

Somewhere in March or May of '08, gold was over 1,000 per ounce and within a few months it was back to around $ 800 an ounce.

Could just as easily happen again.

Gold has little value outside of perception (and electronics) and therefore does have the potential to drop like a rock.

Just look at the downward fall of the price of platinum in the last 18 months.

[InternetMarketingIQ]

There is this little thing called "Fractional Reserve Banking" that was put into place with the Federal Reserve Act of 1913 in the United States. Almost all of the Worlds Central Banks including those in the European Union use Fractional Reserve Banking.

This means that Banks only have to keep a small reserve of cash on hand. This allows them to loan out the excess which is in effect creating money out of nothing.

Add to this the Federal Reserves ability to print money backed by nothing. And the Federal Government using T-Bills to get that printed money (With interest owed) and you have the recipe for disaster.

The system has creaated Debt Slaves. Everyone making payments on everything. The Banks holding title to everyones assets.

If you want to "Fix" the dollar then support people who support ABOLISHING THE FEDERAL RESERVE.

A "Debt Model" for an economy is by definition doomed to collapse. Debt is not Capital.

And Americans are completely ignorant of how the money supply works.

It's going to get worse - a lot worse. If you have money in the bank you would be well served to get it out.

Hyper inflation is coming. The complete collapse of the American Dollar is being engineered.

[TheDebtEliminator]

I suggest to travel using Euros for payment

It is advisaable to keep 5% upto 20% of your assets in Gold

It has been a steady rising investment for a few years now

This hedges against a world-wide massive devaluation

Pilpots sometinmes waer gold necklases whilr flying over hostal territorty

All the Best