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Old 12-06-2004, 10:21 PM   #1
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ive been hearing on the radio that the american isnt worth crap anymore. what does all this mean and how is it gonna hurt us?
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Old 12-06-2004, 10:25 PM   #2
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1 USD = 1.20148 CAD Seems cool?
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Old 12-06-2004, 10:40 PM   #3
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Compare it to the British pound and the Euro, the US dollar is a bit devalued lately.
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Old 12-06-2004, 10:43 PM   #4
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Quote:
Originally Posted by L27Buick
ive been hearing on the radio that the american isnt worth crap anymore. what does all this mean and how is it gonna hurt us?
Isn't the wort of the American dollar going down so much because of how much debt our country has accumulated? This is the current amount of money the US national debt is to other countries.. 7,522,602,352,797.79 what a huge number, huh? When you have that much debt your money isn't worth crap anymore.
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Old 12-06-2004, 10:44 PM   #5
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Quote:
Originally Posted by Jim W
Compare it to the British pound and the Euro, the US dollar is a bit devalued lately.
I'd say morethan 'a bit.' More like 'a lot.' And no-one is paying for it more than the working blue-collar American. :(

At least my small stash of silver is going the opposite direction.
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Old 12-06-2004, 10:53 PM   #6
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but will and how it hurt people like u and me?
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Old 12-06-2004, 11:08 PM   #7
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Just buy and sell in gold.... it'* always king

Or gold pressed latinium....
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Old 12-06-2004, 11:14 PM   #8
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It'* saving me a bundle in $$ exchange rates buying mod goodies. :P
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Old 12-06-2004, 11:16 PM   #9
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Quote:
Originally Posted by L27Buick
but will and how it hurt people like u and me?
Inflation meaning that prices will continue to rise on almost everything while jobs wont' pay much more.
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Old 12-07-2004, 12:27 AM   #10
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Could call it a Market Correction.

Interest rates are going up as well. For good reasons.
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