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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Sep 20 2008, 04:36 PM
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 Sing to Me Group: Member Posts: 1,825 Joined: Apr 2004 Member No: 10,808 |
American economy cycles, as anyone who paid attention in High School economics or US history would know. I have faith it would cycle back up again and our dollar will become stronger.
Part of the reason why the Euro and European currencies are much stronger is because they have better salaries for their standard of living. A lot of Americans want a certain or need a certain level of living but their salaries don't necessarily correlate to what they need or want. Also, Europe didn't have to deal with 9/11 which significant dented our economy. Plus, they don't have a retarded cowboy fellow driving us trillions of dollars into debt. |
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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 TiffanyFactorial indeed this has much to do with the war in the mid... May 22 2008, 07:27 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 |
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