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!

:mad:

Yes the US pornographers will fix the dollar :)

Yeah, I'm holding them responsible for my income. Especially Sleazydream, even if he's Canadian or whatever he is.

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... :2 cents:

I guess we're eating cabbage soup this month then. LOL

:1orglaugh

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

http://informedatonce.files.wordpres...rdees-4web.jpg

yep, hard times...

Why should they fix the US dollar? Why don't you devalue your SEK instead. :P

Used to be worse. That's why it's good to have Euro customers too.

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

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.

Looks like it will drop more and more.

They should hire Croatia Bank Governor,he is best in world :)

Looks like 80 yen/dollar.

Ouch!

I see only negative news here:
http://forex.einnews.com/news/bank-us-dollar

They would rip him apart in the US because he has a speech impediment. :upsidedow

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...

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.

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.

It really does suck.... :(

lost money cashing some in this morning :disgust

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.

fuck, is very low today here as well :mad:

i want top dollar man!

June 8th we got $1.23AUD for $1USD, today we get .98.5c

I will sign up now.....

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.

I'll get right on fixing that! lol

I blame the republican congress.

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.

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????????????????????????????????????

you could always get a job in your own country that pays you in your own currency eh.

... and the dow went up over 200 points today on the news of their freshly printed money..

I tried to get job many times...And nobody wanted to hire me...And i make in adult 9x more then real average salary :)

Yay QE2!

You make $360 a month!!!

Kool!

:1orglaugh

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."

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?

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.

You laugh at my joke and then neg rep me!!

WTF!!


:1orglaugh


Last time I make you laugh.

:1orglaugh

If I knew that I wouldn't be sitting here posting on GFY now, would I?

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.

..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.