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Your dollar at work

Doc Holiday

By Doc Holiday,
in Huddle Lounge

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Doc Holiday Grand Master

Doc Holiday

Posted
Posted

Now I'm no financial expert but to me this didn't look good for the US to me. I've been in Australia for a little over a week and in the time I've been here the USD vs. AUD has gone from .96 USD = 1 AUD to today where it's at 1.05 USD = 1 AUD that's a .09 swing and now .06 of that came from the announcement that the US was going to print $600b.

Now this would be good for me if I was heading back tomorrow but this can't be good for the US.

Also with that said everything over here costs a lot more like a Soda that might cost $1 in the US costs $2 in Australia.

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Chimera Collaborator

Chimera

Posted
Posted

I lived in Germany for about six years - the dollar and euro were almost even when I got there. The dollar was worth as little as 65-70 euro cents a few times, but usually bounced back after a few weeks. I've seen AUD anywhere from about 65 cents to $1.10. I wouldn't be too worried about it yet. We still have a very resilient economy..... for now.

But that is a remarkable swing in just a week.

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charlotte49er Newbie

charlotte49er

Posted
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Don't worry about it. We will be on a level playing field soon enough.

Yea, all the nations will be broke, except China! When that happens, they will just buy everything in site. They won't have to fire a single shot. China's economy just suppassed Japan's for #2! US is still #1, but for how much longer? GM sells more cars in China than they do in the US!

Forget about learning Spanish, we all better learn Madarin!

When I was in Japan in the mid-80's the US Dollar was worth 240 Yen. Now it's worth 81 Yen?

We better lean to love steamed rice and fish heads! If Washington isn't careful, the White stars & Blue background in our flag will be replaced with a Yellow Hammer and Sicle on a red field!

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Wither Newbie

Wither

Posted
Posted

Yea, all the nations will be broke, except China! When that happens, they will just buy everything in site. They won't have to fire a single shot. China's economy just suppassed Japan's for #3! US is still #1, but for how much longer? GM sells more cars in China than they do in the US!

Forget about learning Spanish, we all better learn Madarin!

What currency are we buying their products with?

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Carolina Husker Newbie

Carolina Husker

Posted
Posted

Yea, all the nations will be broke, except China! When that happens, they will just buy everything in site. They won't have to fire a single shot. China's economy just suppassed Japan's for #3! US is still #1, but for how much longer? GM sells more cars in China than they do in the US!

Forget about learning Spanish, we all better learn Madarin!

When I was in Japan in the mid-80's the US Dollar was worth 240 Yen. Now it's worth 81 Yen?

We better lean to love steamed rice and fish heads! If Washington isn't careful, the White stars & Blue background in our flag will be replaced with a Yellow Hammer and Sicle on a red field!

:willy_nilly:

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