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Old 11-04-2010, 05:20 AM   #1
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New record low for the dollar

Fix your shitty dollar! It's worth 6.58 SEK, it used to be worth 10 SEK.
Porn dies and the dollar dies. This is fucking crazy!

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Old 11-04-2010, 05:22 AM   #2
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Yes the US pornographers will fix the dollar
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Old 11-04-2010, 05:23 AM   #3
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Yeah, I'm holding them responsible for my income. Especially Sleazydream, even if he's Canadian or whatever he is.
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Old 11-04-2010, 05:24 AM   #4
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Could've been worse.. I'm not in Sweden, but close, dollar is not at it's highest right now, but I've seen worse exchange rates.
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Old 11-04-2010, 05:27 AM   #5
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Could've been worse.. I'm not in Sweden, but close, dollar is not at it's highest right now, but I've seen worse exchange rates.
The downward trend of the dollar has a ways to go still...
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Old 11-04-2010, 05:42 AM   #6
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I guess we're eating cabbage soup this month then. LOL
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Old 11-04-2010, 05:49 AM   #7
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Yes the US pornographers will fix the dollar
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Old 11-04-2010, 05:55 AM   #8
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Fix your shitty dollar! It's worth 6.58 SEK, it used to be worth 10 SEK.
Porn dies and the dollar dies. This is fucking crazy!

And in the near future 1 SEK will be worth 10 USD ;)

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Old 11-04-2010, 06:02 AM   #9
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yep, hard times...
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Old 11-04-2010, 06:15 AM   #10
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Why should they fix the US dollar? Why don't you devalue your SEK instead. :P
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Old 11-04-2010, 06:21 AM   #11
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Used to be worse. That's why it's good to have Euro customers too.
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Old 11-04-2010, 06:37 AM   #12
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Well the US keeps creating money by quantitive easing so I'm not surprised. Just adding 600 billion to your bank account is pretty nice.

Most articles in the US media don't fully explain it or mention it, mostly I just see the term easing mentioned at most.

http://www.bloomberg.com/news/2010-1...id-growth.html
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Old 11-04-2010, 06:46 AM   #13
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When you keep pumping money into the economy via quantitative easing, this is the result. Well actually the result is eventual inflation and hyperinflation. Ironic, because Bernanke thinks QE WON'T allow inflation. The guy is such a moron he needs to be fired and FAST. Also, get rid of Geithner and the other mainstream economists.
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Old 11-04-2010, 06:49 AM   #14
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Looks like it will drop more and more.
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Old 11-04-2010, 06:50 AM   #15
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When you keep pumping money into the economy via quantitative easing, this is the result. Well actually the result is eventual inflation and hyperinflation. Ironic, because Bernanke thinks QE WON'T allow inflation. The guy is such a moron he needs to be fired and FAST. Also, get rid of Geithner and the other mainstream economists.
They should hire Croatia Bank Governor,he is best in world
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Old 11-04-2010, 06:53 AM   #16
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Looks like 80 yen/dollar.

Ouch!
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Old 11-04-2010, 07:00 AM   #17
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I see only negative news here:
http://forex.einnews.com/news/bank-us-dollar
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Old 11-04-2010, 08:26 AM   #18
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They should hire Croatia Bank Governor,he is best in world
They would rip him apart in the US because he has a speech impediment.
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Old 11-04-2010, 09:23 AM   #19
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Got all my money out of SKNAB now. Of course, if I had been able to get it out in September, I would have been $300 richer...
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Old 11-04-2010, 09:32 AM   #20
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they are dropping the dollar to stimulate production and bring jobs back home. canada did it for years. no need for conspiracy theories or doom scenarios.
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Old 11-04-2010, 09:48 AM   #21
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Thai Baht hit 29.55 to the USA. The worst it's been (at least that I've seen) in 12 years of coming here. It is literally getting worse by the day. Expected to hit 28 by the end of this year and then 25 sometime next year.

It's bad everywhere.

Change we can believe in.
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Old 11-04-2010, 10:01 AM   #22
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It really does suck....
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Old 11-04-2010, 10:10 AM   #23
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Old 11-04-2010, 01:21 PM   #24
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They would rip him apart in the US because he has a speech impediment.
How do you know for his speech impediment?Anyway he is the best,he correctly predicted everything what happened in Croatia Economy plus he received some award as best bank governor in world.
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Old 11-04-2010, 03:36 PM   #25
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We Pay Our Affiliates and Models in Euros ...

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Old 11-04-2010, 03:39 PM   #26
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fuck, is very low today here as well
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Old 11-04-2010, 03:40 PM   #27
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Old 11-04-2010, 03:47 PM   #28
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June 8th we got $1.23AUD for $1USD, today we get .98.5c
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Old 11-04-2010, 03:52 PM   #29
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We Pay Our Affiliates and Models in Euros ...

I will sign up now.....
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Old 11-04-2010, 04:19 PM   #30
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How do you know for his speech impediment?Anyway he is the best,he correctly predicted everything what happened in Croatia Economy plus he received some award as.
I live in Croatia that's how i know about it ;)
Not saying anything about his abilities. But when there are tough times ahead any imperfection would be used against that person be his fault or not.
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Old 11-04-2010, 04:51 PM   #31
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I'll get right on fixing that! lol
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Old 11-04-2010, 04:56 PM   #32
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I blame the republican congress.
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Old 11-04-2010, 05:03 PM   #33
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All serious though, you realized we monetized our debt to the sum of 2 Trillion Dollars right? And plan to keep doing so at the rate of $70something billion per month.
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Old 11-04-2010, 05:07 PM   #34
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Fix your shitty dollar! It's worth 6.58 SEK, it used to be worth 10 SEK.
Porn dies and the dollar dies. This is fucking crazy!

What do you expect after we had an election and the "winners" claim
their major goal is to ruin the president?

That may sound good to people who hate Obama, but it sound like
trouble for people who want to invest in America.

When people invest in America they are buying DOLLARS....
because we don't really sell shit else to foreign countries.

Example : "Buy USA Treasury Bonds".

The only thing you can get out of that is money; dollars!!!!!!
Are they worth a shit????????????????????????????????????
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Old 11-04-2010, 05:09 PM   #35
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you could always get a job in your own country that pays you in your own currency eh.
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Old 11-04-2010, 05:10 PM   #36
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... and the dow went up over 200 points today on the news of their freshly printed money..
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Old 11-04-2010, 05:11 PM   #37
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you could always get a job in your own country that pays you in your own currency eh.
I tried to get job many times...And nobody wanted to hire me...And i make in adult 9x more then real average salary
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Old 11-04-2010, 05:14 PM   #38
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Yay QE2!
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Old 11-04-2010, 05:16 PM   #39
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I tried to get job many times...And nobody wanted to hire me...And i make in adult 9x more then real average salary
You make $360 a month!!!

Kool!
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Old 11-04-2010, 05:44 PM   #40
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You make $360 a month!!!

Kool!
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Old 11-04-2010, 05:47 PM   #41
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they are dropping the dollar to stimulate production and bring jobs back home. canada did it for years. no need for conspiracy theories or doom scenarios.
Traditionally that was true, but it won't work this time because the manufacturing base has been moved offshore. There are no jobs left at home. Globalization IS what is killing the USA.

If they wanted to bring jobs back home, they'd stop printing money, and immediately erect tariffs on imports from American companies. That would force American companies to bring jobs back home because it would no longer be so lucrative to use slave labor in foreign countries.

Also, in regards to dropping the value of dollar through "quantitative easing/printing money." That doesn't work because all the other countries around the World just devalue their currencies in unison to keep their imports cheap. It only results in a global "race to the bottom."
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Old 11-04-2010, 05:53 PM   #42
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When you keep pumping money into the economy via quantitative easing, this is the result. Well actually the result is eventual inflation and hyperinflation. Ironic, because Bernanke thinks QE WON'T allow inflation. The guy is such a moron he needs to be fired and FAST. Also, get rid of Geithner and the other mainstream economists.
That's not quite right. Bernanke WANTS the QE to create inflation because there are signs of deflation. You know, prices go down so people wait to buy, which in turn means less money changing hands and then you have deflation. Deflation is far more difficult to stop than inflation.
If you pump out lots of money and keep the interest rate low you create inflation. And since money becomes worth less due to the inflation, people will spend it. Thus, you kickstart the economy. When the economy starts to go wild you "simply" increase interest rates again and you stabilize the economy.
Or so the theory goes
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Old 11-04-2010, 05:55 PM   #43
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That's not quite right. Bernanke WANTS the QE to create inflation because there are signs of deflation. You know, prices go down so people wait to buy, which in turn means less money changing hands and then you have deflation. Deflation is far more difficult to stop than inflation.
If you pump out lots of money and keep the interest rate low you create inflation. And since money becomes worth less due to the inflation, people will spend it. Thus, you kickstart the economy. When the economy starts to go wild you "simply" increase interest rates again and you stabilize the economy.
Or so the theory goes
So why hasnt the economy kicked started after the 5 trillion we've spent and why are every day items inflating in price?
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Old 11-04-2010, 05:56 PM   #44
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i am in canada and once the dollar started to drop most american companies around here that had outsourced labor here pulled out and relocated in places in the south mostly.

canada maintained a weak dollar policy to bring jobs here for years and now it looks like the US is doing the same.

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Traditionally that was true, but it won't work this time because the manufacturing base has been moved offshore. There are no jobs left at home. Globalization IS what is killing the USA.

If they wanted to bring jobs back home, they'd stop printing money, and immediately erect tariffs on imports from American companies. That would force American companies to bring jobs back home because it would no longer be so lucrative to use slave labor in foreign countries.

Also, in regards to dropping the value of dollar through "quantitative easing/printing money." That doesn't work because all the other countries around the World just devalue their currencies in unison to keep their imports cheap. It only results in a global "race to the bottom."
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Old 11-04-2010, 06:19 PM   #45
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You laugh at my joke and then neg rep me!!

WTF!!





Last time I make you laugh.
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Old 11-04-2010, 06:21 PM   #46
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You laugh at my joke and then neg rep me!!

WTF!!





Last time I make you laugh.
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Old 11-04-2010, 06:25 PM   #47
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So why hasnt the economy kicked started after the 5 trillion we've spent and why are every day items inflating in price?
If I knew that I wouldn't be sitting here posting on GFY now, would I?
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Old 11-04-2010, 07:02 PM   #48
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That's not quite right. Bernanke WANTS the QE to create inflation because there are signs of deflation. You know, prices go down so people wait to buy, which in turn means less money changing hands and then you have deflation. Deflation is far more difficult to stop than inflation.
If you pump out lots of money and keep the interest rate low you create inflation. And since money becomes worth less due to the inflation, people will spend it. Thus, you kickstart the economy. When the economy starts to go wild you "simply" increase interest rates again and you stabilize the economy.
Or so the theory goes
What are these signs? I've heard this rant before but nobody can ever come up with anything. On the face of it all, it looks like there's an absence of inflation, CREATED by Bernanke and his QE, as well as the stimulus bullshit. Deflation is better for our current economy than inflation. And you're following the same fundamental flaw that Keynesians follow, which is demand side economics. You guys apparently think that consumer spending is what fuels the economy, which wouldn't be accurate. They've tried QE once already, as well as stimulus plans, and nobody's spending.
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Old 11-04-2010, 07:06 PM   #49
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So why hasnt the economy kicked started after the 5 trillion we've spent and why are every day items inflating in price?
..because all that money that "Helicopter Ben" is dumping is not landing on main street, but in the front yards of the "Too Big To Fail" banks.

Liquidity injections and bail outs to Wall Street, banking, and transnational conglomerates is not going to kick start the economy. It's only floating the stock market at unreasonable levels, inflating a treasury bubble, and pushing commodity prices higher. That's why we are now seeing price inflation in consumer goods and food stuffs, but strong deflation in home prices, and wages.
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Old 11-04-2010, 07:11 PM   #50
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Originally Posted by Dcat View Post
..because all that money that "Helicopter Ben" is dumping is not landing on main street, but in the front yards of the "Too Big To Fail" banks.

Liquidity injections and bail outs to Wall Street, banking, and transnational conglomerates is not going to kick start the economy. It's only floating the stock market at unreasonable levels, inflating a treasury bubble, and pushing commodity prices higher. That's why we are now seeing price inflation in consumer goods and food stuffs, but strong deflation in home prices, and wages.
I wouldn't say the only reason commodity prices are higher is because of the QE. I think people genuinely believe our economy is fucked (and they're right), and they want to protect their purchasing power through precious metals. The Stock Market isn't up because of QE either, it's because companies have figured out how to create unreasonably low earnings projections and when they beat those earnings, their buyers multiply exponentially.
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