When the USD fails...

[blueshogun96]

The last time I checked, the US dollar is rapidly declining in value. I believe it's at 35 cents compared to the Euro now. That means 2 dollars litterally don't add up to one. Because of this, I haven't done anything such as get a loan, mortgage, car note, etc. Before the dollar becomes worthless, should I try buying up it's money's worth in gold/platinum or start using Euros/British pounds instead? I'm not really knowledgable about economic stuff like this so I just want to protect my assets and stuff like that.

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[PCXL-Fan]

Yahoo currency converter says

Using an exchange rate of 1 USD = 0.6841 EUR for sept 15th

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[Radix865]

1 EUR = 1,6 $ last time I saw...

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[ozzgx4]

The British pound isn't strong either. Last time I checked it was the same rate as the doller. Bit I don't no how it is against the euro

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Originally Posted by snickothemule

Q:What is the meaning of life? To crush your enemies, to see them driven before you, and to hear the lamentations of their women.

[aceloop]

Originally Posted by PCXL-Fan

Yahoo currency converter says

Using an exchange rate of 1 USD = 0.6841 EUR for sept 15th

one U.S. dollar = 0.601576129 British pounds

pound is ALMOST TWICE as the dollar, for you people who dont know alot.

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Thanks to koko-Leonhart for the signature edit

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Last edited by aceloop; September 15th, 2009 at 13:06..

[masta.g.86]

Meh, you could always do what I've been doing these past few years.

1.) Find a country that you like.

2.) Research their local currency.

3.) If their currency is relatively stable, begin investing in their currency, if not, find a new country.

4.) Upon the US's impending economic collapse, move to your selected country.

I've been investing in Costa Rica over the years and should be able to live pretty comfortably down there if I were to move today. If the collapse doesn't happen until after I retire, then I'll likely move down there anyway.

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[Seta-San]

if you really believe the currency is giong to collapse. i'd say you should buy as much **** as you can and rack up debt. when it collapses your wages might go up to over a grand an hour.

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[DefianceofGod]

Originally Posted by Seta-San

if you really believe the currency is giong to collapse. i'd say you should buy as much **** as you can and rack up debt. when it collapses your wages might go up to over a grand an hour.

Worst idea ever? I believe this qualifies!

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[Kaizen]

Originally Posted by aceloop

one U.S. dollar = 0.601576129 British pounds

pound is ALMOST TWICE as the dollar, for you people who dont know alot.

Before the economy fell, 1 pound was worth over 2 dollars.
The dollar vs the pound is better now than it was.

Pound is weak.

[ozzgx4]

Damn recession

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Originally Posted by snickothemule

Q:What is the meaning of life? To crush your enemies, to see them driven before you, and to hear the lamentations of their women.