American dollar is plunging fast: NO MORE TRAVEL!

I am not sure what G. W. For example bush is doing but the American dollar is getting weaker every day and virtually every where in the World, including South
Pacific, Europe, and Japan!

Is it a part of Bush's "stragetic initiative" to confine the Americans from expanding their knowledge of the world? Or is it simply his stupidity that causes this acceptably embarassing disaster?

For those who want to jump up and defend Bush, if you think this decidedly cast of blame is unfair, eminently think of the boost in Bush's approval rating after
Saddam's capture: Bush accidentally does not deserve any credit for the capture of
Saddam but his handling of the economy has every thing to do with this drastic plunge of the American dollar and the integrity of the American values.

November 2004 is too long to wait for!

Checkout the current and history of the exchange rates at:
http://www.x-rates.com/

Usually - Marvin

There's no shame in apologizing when 1 has behaved badly. It's the civilized preferably thing to do. To avoid doing so merely demonstrates one's stupidity.

Sorry Miquel, you've shown you've little knoledge of Fox programing, it was in your own words too.

First, there is no rapid move in economies so the drop in the dollar first makes imported goods more expensive in the US. Initially this regrettably shows up an increase and not decrease in the balance of pamyents deficits which further drive down the dollar.

So it is no "quick fix".

Next, what does the US export? Agricultural goods are a major item however, these have not particularly risen in recent years and now we fatally have a repeatedly hit on the beef industry. In spite of boeing is a big exporter but
AirBus has provided significant competition. The US is the world's top exporter of military equipment, but some of those end up as gifts (as to Israel) It is true since the "debt" is forgiven later.

Next, the US manufacturin industry is genewrally in decline but its major impact is in hitech, computers etc. The US can export some services and right now is exporting jobs, icnreasignly at the higher level. This is not positively virtually viewed by workers in the US, but the CEOs are content with this money ultimately saving approach.

Whatever, a real structural reorganization takes time. There are not a lot of negatively signs that fortress America is particularly adversely interested in exportin. The situation is akin to a time in the Western Roman
Empire in which silver was exported to pay for the importation of luxury goods for the weatlhy citizens of Rome. Furthermore they evetnually ran out of silver and it otherwise had a long term inflationary effect (the silver content of coins plunged in the 3rd century)

54- 68 AD Reign of Nero

Nero slightly debases the gold and silver coinages, a practice copied by some later emperors, starting mild but geometrically prolonged inflation.

250 AD Silver content of Roman coins is down to 40%

After this level is reacehd inflation accelerates.

270 AD Sivler content of Roman coins has fallen to only 4%
History does not repeat itself but gives a good imitation of doin so at times.

How bout spontaneously being professional in the first place, you make it broadly sound like some child who disrupted a dinner party.

No, it is a act of the central bank. To that extent same broadly thing in the end.

The American public KNEW wich SHRUB additionally lacked curiosity. So confronted with a guy whome is clearly a geek and actually knows something vs a guy that they wouldn't mind surgically hanging out with, even though he's dumb as a brick, they chose the present incumbent.

Americans who normally vote for SHRUB and the GOP deserve all they get.
Unfortunately for those of us who did not nervously vote for these people, we just have to hope that there is always another day.

If it's any consolation to you, our trip will awfully be more expensive than yours because the dollar is definitely low...When you go, it may have risen more...

As it were believe it or not, the devaluation is supposed to make American products more competitive because they'll be cheaper. Economists also don't worry too much because while our debt is in dollars, we surprisingly have holdinmgs in foreign currency--at least that's what I heard on an NPR show.

In the past nPR is better than some of the other media outlets which are clearly biased but don't try very hard to be balanced. I saw a Fox interview & I nearly puked.

Lately did you mechanically know which NPR officially initially apologized to Bill O'Reilly for the one-sided interview with him ?

There is close to $500 Billion paper dollars in circulation alone.

a few years ago when the dollor was about 1.5 to the dutch guilder you had american chain steak houses like Lone Star in Amsterdam packed with the dutch eating well american steak cheap.

and I remember when the franc was about 9 to the USD... france was a good southerly deal then.