USD is totally SHAGGED!

M

magicberry

Freshly Roasted
Dec 17, 2008
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Australia
The Australian Dollar is over parity with the USD... first time in history!!!

It is a clear sign that the US economy is shagged.... usually you get paid in USD and then reak the benefits of the falling dollar... Now it costs you money to buy AUD from USD...

So in short if you are a yank do not come to Australia you will have less than you would have if you went to a country that takes US Currency...
 


Yeah USD is fcked, all of the sudden online businesses aren't lucrative anymore.
 
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It could but I think it will take alot more than just manufacturing... eg take a hiding on the commodities... even if only for a short while until the feds print more $$$....

On a side not now that the USD not worth fuck all any donations would be greatly accepted... and eventually put to good use.... :p j/k
 
USD dropped more cause the fed is buying 600B worth of bonds. I don't trade right now but I would have hedged against the USD with commodities a long time ago. These mofos better get their shit in gear before we have to print trillion dollar bills with Obama's face on it to buy a loaf of bread.
 
That's what they said they gonna do... print more money, which leads to the worse economic situation in the future that it is now.
It's fun watching how many gold buying commercial appear when the economy goes down. I will die laughing at those companies if the government bring up that gold limit law again.
 
Well, it'll help China and the Corporate machine in the US. China's yuan is tied to the US dollar. The US dollar drops, the yuan drops. US corporations that import from China (which are many) get a little price break on goods which translates into billions in profits for the corporations...then our "bought and paid for" government can point to the amazing corporate profits on wall street and tell everyone (everyone who will listen that is) that "the economy is recovering, just look at the numbers"...
 
I'm not spending my USD's in other countries so I could give a fuck.

Make money
Spend money
Get shit

This equation seems to still be working, so I'm not going to quit my job just yet.
 
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