Topic: The Dollar Is Plunging To New Depths... (Read 243 times)

Intensecure · « **on:** December 02, 2004, 05:58:00 AM »

With China and Japan withdrawing support for the dying American dollar, and selling bonds (Asian countries own about a quarter of the world's US dollar reserve) the US dollar is diving faster than a Russian nuclear submarine.

Today I just made a superb profit selling currency in an Asian market with a pegged to US Dollar market price. Enough to buy 100's of Xboxes!!!

So...how low can it go? Will China repeg it's currency and dump it's dollar reserves, in which case the US economy will be screwed!

Will the US allow the dollar to shift into new negative territory to fund it's "war on terror" and GWB's tax cuts for the rich

?
Will anyone in the US have a job by 2006?

Is China the new world economic superpower in the 21st century - 'cause it surely aint America!

pug_ster · « **Reply #1 on:** December 02, 2004, 09:01:00 AM »

Yeah, I guess the last people who admit there's was a problem is the people who work at the Bush Administration.

BTW, so what did you do? you brought some Yen and sold it off today?

damam · « **Reply #2 on:** December 02, 2004, 09:13:00 AM »

yeah - id like to know how you made the money too

share the info

FektionFekler · « **Reply #3 on:** December 02, 2004, 10:39:00 AM »

t3h aZn Invazion

kekeke.

On a more serious note, when the dollar finally fails, it will bring down the entire international economy.

jbp20717 · « **Reply #4 on:** December 02, 2004, 10:40:00 AM »

Yay! Nearly 2 dollars to the pound. Now's the time to import a whole load of stuff from the US or from HK sites that sell in US $!

Now if only I had some money...

The unProfessional · « **Reply #5 on:** December 02, 2004, 10:48:00 AM »

You've gotta smuggle it by those greedy bastards at UK customs.

gcskate27 · « **Reply #6 on:** December 02, 2004, 10:49:00 AM »

not that this is exactly on topic but, i ALWAYS get screwed going to england, which i do around twice a year... i always go when the dollars week and come back when the pound's gone down... very irritating...

losing money by trading it sucks...

socrates · « **Reply #7 on:** December 02, 2004, 10:52:00 AM »

Hey im loving it myself, the canadian dollar is high as shit, used to be when we sold somthing to an american and they would pay lets say 50 us we would get like 100 canadian, now its like 50 us is 60 canadian so buying stuff off ebay from the US is great for me right now

chilin_dude · « **Reply #8 on:** December 02, 2004, 11:01:00 AM »

The unProfessional · « **Reply #9 on:** December 02, 2004, 11:03:00 AM »

Meanwhile, i get fux0rd

TheUnknown · « **Reply #10 on:** December 02, 2004, 12:40:00 PM »

go canada!!!

chilin_dude · « **Reply #11 on:** December 02, 2004, 02:42:00 PM »

jbp20717 · « **Reply #12 on:** December 03, 2004, 02:43:00 AM »

makaveli91 · « **Reply #13 on:** December 03, 2004, 03:05:00 AM »

And for those who are from the UK, you already know how great a country this is, and well, other than the dollars that we spend, its mostly the same.... Bunch of Canucks or Brits or Scotts, sitting in their pubs drinking REAL beers.... No watered down crap... lol...

jbp20717 · « **Reply #14 on:** December 03, 2004, 04:30:00 AM »

Author Topic: The Dollar Is Plunging To New Depths... (Read 243 times)