The Depreciating American Dollar, or is it depreciating? |
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 May 11 2008, 08:30 PM
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 We're Over 9,000!!!1!  Group: Human Posts: 307 Joined: Jan 2006 Member No: 352,435  |
If you haven't noticed, the British pound trumps our dollar. One dollar is equivalent to .50 pounds. I went to London last year and buying fish & chips was seriously ridiculous for me since it's 12 dollars or 6 pounds. made me QQ.
I think for a day, the Canadian dollar surpassed the American Dollar, for the first time in the history of the currency exchange. damn canadians and their maple syrup. BUT as of today, the American Dollar is now equivalent to .512 pounds. YAY we gained 1 cent in worth. Do you guys think our dollar will keep depreciating or will it start to appreciate with our current economic issues? |
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May 22 2008, 07:27 PM
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We're Over 9,000!!!1! Group: Human Posts: 307 Joined: Jan 2006 Member No: 352,435 |
indeed this has much to do with the war in the middle east.
there are of course tons of other factors. yes, indeed we are in a recession and inflation is ridiculous. a depression? the stock market has yet to crash but many speculate that because of speculation in the stock markets that it's bound to crash again. who knows. of course the dollar will continue to fluctuate, that's just basically the nature of economics but there are of course the undeniable influences that force our dollar to depreciate or appreciate. it depreciates when the Fed pumps more money into the money supply, that's for sure. |
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Posts in this topic
TiffanyFactorial The Depreciating American Dollar May 11 2008, 08:30 PM
karmakiller Moved to Debate.
I think it will keep fluctuating... May 11 2008, 09:16 PM TiffanyFactorial same. this year is a big year. oh i only put this ... May 11 2008, 09:21 PM karmakiller Yeah, I thought it fit in Debate, 'cause your ... May 11 2008, 10:33 PM TiffanyFactorial nope, not offended. especially since you didn... May 11 2008, 11:37 PM S-Majere I think it's brilliant. I visited the States l... May 12 2008, 07:00 AM TiffanyFactorial oh really? i had no idea that the pound was fallin... May 12 2008, 10:26 PM tailoredtrouble garrrhhh this sucks. i hope it goes back up. the d... May 15 2008, 05:55 PM IGetSex No worries. Our economy is self perpetuating. The ... May 19 2008, 10:47 PM XTC This is about as bad as the Depression.
Hillary s... May 19 2008, 10:52 PM
mipadi QUOTE(XTC @ May 19 2008, 11:52 PM) This i... May 22 2008, 10:16 AM TheFegNut Eh. Right now we're going through a slight rec... May 22 2008, 05:09 PM Fist the only reason you think that way because you are... Jun 16 2008, 11:35 PM megustanloshuevos The reason our dollar is so crappy is because the ... Aug 20 2008, 05:11 PM TiffanyFactorial QUOTE(megustanloshuevos @ Aug 20 2008, 03... Sep 13 2008, 03:10 AM Comptine American economy cycles, as anyone who paid attent... Sep 20 2008, 04:36 PM |
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