The US dollar is really getting me down

[Matty]

10-year chart

 

[Matty]

We contol the world! Remember that fellas! eh!

Contol away, pal, contol away.

 

[Hawk]

1 U.S. dollar = 0.95779936 Canadian dollars

Not all currency converters are created equal. I used http://www.canadianforex.ca/cgi-bin/currency-converter.asp

Second google chosen at random 0.959196 http://www.xe.com/ucc/convert/?Amount=1&From=USD&To=CAD

 

[Matty]

Yeah, I used Google ("1 usd in cad"), which probably gives delayed info.

 

[FreeFall]

I hate to be that guy, but I see it going A LOT lower. Our nation is on credit right now and with the way people spend money they don't have that isn't stopping. We are in for a lot worse.

 

[Mudcat]

So much of my monetary worth down the tubes.

Weeeeeeeeeeeeeeeeeee!!

 

[Matty]

Convert that shit to CAD and EUR Muddypoo. Lots of books have that option.

 

[MooseHead]

Buy Uncle GreenBack now, enjoy Benjamin later.
Those Yankees do this on purpose..doing it for decades
more of a baiting technique

Muddy, don't ya got a VIP MoneyBooker acct.?

 

[Mudcat]

I do have a VIP Moneybookers account, yes.

 

[fiveteamer]

Don't you think the U.S. would invade the fuck out of the world before they were forced to declare bankruptcy

 

[rito]

Don't you think the U.S. would invade the fuck out of the world before they were forced to declare bankruptcy

All US debts are in dollars, they don't have to declare BK like say Greece and Spain will have too. They (we) just have to print more dollars.

 

[MooseHead]

I do have a VIP Moneybookers account, yes.

Don't you have the privilege of changing your MB currency to any major bookie currency thus benefiting from conversion fees?

 

[Acid Joe]

So much of my monetary worth down the tubes.

Weeeeeeeeeeeeeeeeeee!!

Yes most of my US money was bout at about 80 cents on the US dollar. Fortunately I picked up some US stocks and am making money solely off the dollar difference.

 

[Mudcat]

Don't you have the privilege of changing your MB currency to any major bookie currency thus benefiting from conversion fees?

I'm not sure what you mean exactly. My Moneybookers and all my sportsbook accounts are in the same currency. US dollars. (Well except Bodog who don't allow Canadians to have USD accounts, but I don't have any funds there now anyway.)

 

[mrmarket]

It's extremely difficult to predict the future. My heuristic is to keep majority of assets in the currency of my life so I have them in CDN. Trying to predict currency fluctuations is fraught with risk so I try to minimize my exposure.

FWIW my guess is that the USD will continue to devalue because of monetary policy and there is little to be done about it really. Eventually it will stabilize. My guess is that creditors will get sick of paper assets and start buying hard ones inside USA like Japanese did in 1980s. Partially as an inflation hedge since it's going to eat everyone's bones. Inflation should be your #1 worry always.

From what I've been reading it seems that the perception of the economy is getting better slowly. Eventually talking heads will start changing consensus and things will get rosy again. Next bubble is definitely in gold/metals/oil. The dumb money has been chasing this for awhile with gold as the forerunner. #1 indicator is mouthbreathers talking about how great an investment it is. That is when my alarm bell goes off.

If I had to have the majority of my money in USD i would put it in stocks with foreign earning power and monopolistic market to combat inflation, and inherent competitive advantage to see out choppy economic perception. Seems like everyone hates stocks still so that's a good indicator to me.

 

[rito]

i keep the majority of my money in USD in D- rated sportsbooks

 

[Mudcat]

Another new low. Into the .94's now.

.9497

 

[plommer]

Another new low. Into the .94's now.

.9497

Wait til it hits $0.6296