For people complaining about the falling US dollar

[RB TexLa]

Is there someone forcing you to hold US dollars?

[monktonman]

1. I guess I'll start paying my rent in Euros.

[thoughtanarchist]

2. The working class is paid in US dollars, genius.

x(

[RB TexLa]

3. Doesn't mean you have to keep it in dollars, genuis

[thoughtanarchist]

5. How does that help when buying power is so low that your paycheck is gone in a matter of days?

[Liberal In Texas]

4. Please explain to me how to convert my 401K into euros. n/t

[RB TexLa]

7. Buy a CD based in Euros, buy stocks based in Euros, buy bonds based in Euros

or any other security that is in Euros

[Liberal In Texas]

9. Not offered by the company that has my 401K. I have most in Euro/Pac stocks,

but its valued in dollars.

[thoughtanarchist]

13. You are fine.

The value of your foreign stocks will not decline even though they are valued in dollars. They'll increase relative to the dollars decline.

[madrchsod]

14. to late now-euros are to expensive..

i had a 401k fund with 10% invested in european banks...that is when the euro was at 80...to bad i had to cash out the plan.

[Horse with no Name]

6. I don't think Piggly Wiggly takes the Euro

But I'll ask the next time I am there...:eyes:

[thoughtanarchist]

8. I guess we should just eat cake

[Horse with no Name]

16. They had Red Velvet cake on sale last week

mmmmm....

[thoughtanarchist]

20. Mmm...cake.

:silly:

[Semper_FiFi]

52. :rofl:

:rofl:

THAT was funny!

[Mike03]

10. Or transfer your U.S. dollars into Euros or Yuan

on an internet bank? Like NetBank that just collapsed?

The answer is to stop spending, and that is what you are seeing right now with the implosion of specialty retailers. I can almost guarantee that this holiday season will end in disaster, bankruptcy or foreclosure for millions of individuals.

[napi21]

30. I agree! The retailers are already afraid of that. It's why you are seeing xmas

stuff in the stores already! They figure they'll try for what ever money is available NOW because later is going to be bad!

[Middle finga]

11. Eventually the products that we import will start to cost more, So

if the dollar continues to slide the american consummers will feel the pinch sooner or later.

[Mike03]

12. Or maybe you are thinking of gold bullion or domestic equities

Why don't you tell us what is on your mind?

[ret5hd]

47. Bragging is on his mind.

[RB TexLa]

50. not at all. just saying nothing prevents people from putting their money in other currencies

[libnnc]

51. So I can whip out the Euros when I buy bread at Harris Teeter?

[RB TexLa]

53. Can you "whip" out a share of stock and pay? No but you can sell the stock for dollars

Just like you can convert a Euro or Yen or Canadian dollar based security to US dollars to spend.

[libnnc]

54. Oh so you're talking about stocks...this is a rich folk's conversation

....'scuse me.

Arrogant fuck.

[RB TexLa]

56. Stocks, the actual currency, anything that provides you with the opportunity to take advantage

of other currencies rising against the dollar. And it's hardly a "rich folk's conversation."

[libnnc]

58. So if I go down to the bank

and convert my savings and checking currency ($600) into Euros, how the fuck does that help me pay my bills, my tuition, buy my food?

[ret5hd]

57. No, you don't get it! You cash your paycheck and run to the nearest...

currency trader. Then you wait till you need to buy some milk and run back to the currency trader. The dollar will have fallen SO MUCH that your milk will be practically FREE!

And then when you need to pay rent, you run back to the currency trader again.

See? It's all very simple and convenient, isn't it? If only you weren't such a dullard!

:rofl:

[libnnc]

59. Is this guy an arrogant dick or what?

:crazy:

[liberal N proud]

15. I get paid in US dollars

Any investments I do have are in US dollars. Last I checked the US economy runs on US dollars and since we purchase everything from foreign lands, it hurts all of us.

[thoughtanarchist]

18. Not to mention that so far, the dollar is the main currency of trade worldwide.

When we take a face plant, the entire world will be spitting out teeth.

[thoughtanarchist]

17. The decline of the dollar has far greater consequences than just a hiccup

in a person's 401k.

It's inflation that is going to account for so much avoidable suffering, poverty, crime, and hardship for the bottom 80% of income earners.

[Mike03]

19. Well stated

Good response.

[thoughtanarchist]

23. Thanks. I'm a little pissed at the callousness of the OP.

[Mike03]

31. So am I

I thought perhaps it was sarcasm, or hoped that it was. This is not a laughing matter, although there are investment strategies to counter the falling dollar.

It would be much more helpful to DUers to discuss these strategies than to ridicule them.

[thoughtanarchist]

32. You're right...

DU has a great group of financially minded folks who post in the Economics forum, the personal finance and investing group, and in the daily stock market watch thread.

I'm too grumpy to post anymore tonight.

but I'll be back...

Peace.

[Horse with no Name]

35. He brags incessantly about his oil futures

and how much money he is making off of those.
I think this is just more of the same...

[RB TexLa]

39. Don't buy much oil futures, too volatile. I don't complain when my royalty checks go up though

[Mike03]

45. Well, that explains quite a lot

Another way to cash in on the rising cost of petroleum is to buy into various funds that diversify into aspects of oil exploration, drilling, refining and transportation. Or of course you can buy these company stocks individually. The majority are rising, but by investing in a fund or ETF you have the added advantage of fund managers skilled in these areas.

This oil gold rush began about four years ago, but there are other means to this end and other very favorable sectors in finance.

To act like you are a genius because you thought oil prices would rise is embarrassing. If that is what the OP has in mind, I'm really embarrassed for him/her.

[Diclotican]

21. RGBolen

RGBolen

The fall in US dollar, is "good" news to us who are outside of US, and paying for things in US dollar.. The more the dollar fall in value, the more we can bye, for the same price..

For america, if the US dollar are blowing down the drain.. It wil be a hell...

And if you belive that US dollar 3.40 for a gallon of petrol is bad for your pocket.. THink when the petrol wil cost twise or more... Or that it is more than enought food in the stores, but nobody can aford to shop it, and you have to get stamp to get it anyway.. Even if you have the money..

Or, the bread you eat wil not cost the same in the afternoon as it was in the morning.. (Germany 1932)...

Diclotican

Sorry my bad engelish, not my native langauge

[Mike03]

46. Another way to cash in on the collapsing dollar

Is to invest in U.S. companies that make the majority of their profits from exportation.

[Diclotican]

60. Mike03

Mike03

True.. And then really get the money out of US... Maybee Chinese should do that, they have a lot of US money, and have the will to use it.. But as for now US dont like Chinese to get their hand on american companies it looks like..

Funny about, US are the ONE contry who after WW2 pressured the rest of the world to freetrade, more and more.. Less protect abroad, for US companies to do "business more freely" but when others try to come in, and use the same right to invest in US companies, they are hitting the stone wall. No way they want others to play by the same rules as US companies have been doing for 60 year or so...

Diclotican

Sorry my bad engelish, not my native language

[nadinbrzezinski]

22. Having lived through a damn currency collapse

I will just tell you this... YOU ARE ABSOLUTELY CLUELESS

That is all

[RB TexLa]

27. If you aren't holding the currency that falls what exactly is it going to do?

I don't think the dollar is going to collapse but I do agree with the IMF that it is still overvalued.

[nadinbrzezinski]

44. Once again

you have NEVER experienced it

Nor the fear that your salary is gone (in effective dollars) before the check is cashed

You have NO CLUE

Oh and when the currency controls come in...

By the way they have not yet admitted we have a problem... but the pattern is VERY FAMILIAR to any who has seen this movie before

[Mike03]

28. Thank you for adding your opinion

I agree with you one hundred percent.

The U.S. dollar today has about forty percent of the buying power it had in the eighties. People don't seem to understand that twenty dollars spent today is like spending forty to sixty dollars of their future.

And it's not all that easy to invest in foreign currencies.

It would be interesting to have a serious thread on investment strategies.

[nadinbrzezinski]

38. Not in the US

and I expect to see currency controls soon too

[A HERETIC I AM]

40. Then start one. There is an Economy Forum and a Personal Finance and Investing Group

Both perfectly appropriate places to start such a thread.

Economy Forum;
http://www.democraticunderground.com/discuss/duboard.php?az=show_topics&forum=114
Investing Group;
http://www.democraticunderground.com/discuss/duboard.php?az=show_topics&forum=327

But asking for investing advice on the internet is a bad idea. Even just inquiring how others are allocated or what strategy they use is likely to produce so many different and varied answers as to be nearly useless. The suggestions will range all the way from "Put all your money in Gold" to "Put all your money in canned goods and ammo" with a healthy dose of "You don't need professional advice, brokers are ripoffs" (my personal favorite) thrown in for good measure.

[Manifestor_of_Light]

41. Mutual Funds and ETFs in foreign currencies.

[clu]

55. funny story about that

i was watching the last part of breakfast club a few weeks ago and there's a scene where the principle takes judd nelson into a storage closet to taunt him into a fight. in the course of the monologue the principal says "i make $31,000 a year and i have a home and i'm not going to throw that away on some punk kid"

i thought it was funny so i looked at the conversion rate and that is comparable to around $60k a year with today's dollars.

[Diclotican]

61. nadinbrzezinski

nadinbrzezinski

I belive you. Chaos.. Chaos and then some more Chaos...

But if other currency collapses is to be correct, it wil be a living hell to survive when the money isent worth the paper..

As the german learned the hard way in the 1930s.. And Russia learned all to wel in the 1990s.. I rembember se on TV, all the chaos what followed the colaps of the rubel..

I do not hope to se US going tru that hell, but its looks like US are going that way.. Maybee our government should get some of the "petroliums found" over to Pund Sterling or Euros before the US dollar are colapsing totaly...

Diclotican

Sorry my bad engelish, not my native language

[nadinbrzezinski]

66. Don't worry bout the English

I can decipher it

:-)

I saw this movie with the Mexican peso back in Mexico

The IMF announced the dollar is still over valued, so floor, what floor?

And Americans are about to learn how painful this is.

I gues I'd better go get some Euros to put under the matress... before the currency controls go up

[Diclotican]

72. nadinbrzezinski

nadinbrzezinski

Sir (I belive you are a male)

Good to know. I know my engelish is far from good, rather bad.. But I try my best.. ;

I dont know what type of movie, with the mexican peso was about.. So you may fill my in on that?

I find it little interesting to see that even IMF, find the US dollar "little overvalued".. Becouse IMF have been the force to make US dollar the fiat currency in ALL transaction the world are using to made trade.. If US currency is over valued what then for the rest of the world?.. Many country, specially they who trade with oil are using the US dollar. Norway have a lot of our value in US dollar, what should we do. get out of dollar and take our chances witht he Euro alltogheter?..

If the dollar is going to falther, it wil be a HARD experience for the american citizien, if they really belived that the hard 30s was hard.. Think about how integrated the world is today.. And how many peopole who are living in cities, without the posibility to even have a little green portch to grown some vegitables, or other food.. An I guess that the old trick with a pig in the back yard is out of the quisting, zoning regulation are make sure about that... Even the Sovjet communism was smart enough to let their people have a pig, or made the posibility to let them grown vegetables and made som meat for themself, If they was living in the vinicity of a collective then... I belive you know about this mutch better than I do, I am just a "todler":P

Euro, UK pound, currencys who dosent fault if the US dollar is dipping down hardtime.. It can be intersting to see what the response to a catastropic dipp in the vallue of US dollar wil be.. I doubt the current Administration wil gou out without a hell of a fighting, and they have controll of maybee one of the biggest arsenal of nuclear weapon.. Thats really scare me..

Diclotican

Sorry my bad engelish, not my native language

[Swamp Rat]

74. Hêia!

Hvordan står det til med deg? :hi:

[Diclotican]

76. Swamp Rat

Swamp Rat

Hei. Takk det står bra til med meg;). Er du norsk?. Bor du i USA?..

Gledelig og se en nordmann til her;). Eller i alle fall en som kan språket. Så langt har det vært etterkommere av nordmenn/svensker/dansker som jeg har snakket med, men ingen nordmenn.:)

Verden er liten

HM, nå er klokka halv ni om morgenen, og jeg har fått inn katta, ligger i soffaen og steller seg.. På tide og "stå opp" kanskje:P

Vennlig hilsen

Diclotican

Sorry my bad engelish, not my native language

ps, for the engelish speaking aduience.. Have not writing something bad in norwigian, just pleasenties:)

[Swamp Rat]

77. Morn Diclotican

Det er en kveld her over. Jeg snakker bare litt norsk. Jeg bodde inne Skien og Rjukan, Telemark ettall sommer, så Jeg snakke Latin språkene mange bedre. Jeg var født her over inne New Orleans, der hvor Jeg bo nå.

Poor kitty cat! I hope she feels better. Ha det bra. :hi:



edit: Meg kunst: www.swamp-rat.com

[Diclotican]

78. Swamp Rat

Swamp Rat


Ja, jeg vet, New Orleans er vel nesten 9 timer bak Norge tenker jeg:) New Orleans. Flott by har jeg hørt, selv om det ikke er så mye igjen av den byen.. Desverre.. Fostermor min skal ditt neste år med jazzcluben. Håper hun får en flott tur der borte;)

AH, du har bodd i kanskje de fineste områdene i Norge da;). Utenom vestlandet vel og merke.. Du har bodd i Telemark ja, fint sted, flott natur osv.. Vi har vært heldige der tror jeg vi nordmenn.. Får håpe vi er like gode til å ta vare på det vi har fått også da;?

Katten har det nok fint nå - der hun ligger inne i klesskapet mitt.. Bortskjemt er hun egentlig.. Men slik er det når du i utgangspunktet var litt forsvarløst når hun ble kjent med meg tenker jeg.. Har "soft spots" for slike dyr jeg ser det ut til.. Og det vet i alle fall hun og ta nytte av
Er naboen som "eier" henne. Men når han går på jobb, så kommer henne hitt og får kos og blir skjemt bort - kraftig:P

Håper du forsto all norsken nå da.

Diclotican

Sorry my bad engelish, not my native langauge

[Swamp Rat]

79. Bortskjemt is the kitty's name?

I got some of it, but my brain hurts now. :D

[Diclotican]

80. Swamp Rat

Swamp Rat

No, my kittys name is "vesla". Or "smal ones" becouse when he arrived she was rather smal for a year old cat;). But now, with a lot of care, love and food, she is growing up to be a nice cat who adores the "food provider" I hope then;). She is nice, gentle and verry happy to lie in the lap, or in the sofa if she are not in my lap:P

Bortskjemt is like spoiled, used to get what she want to have, when she want it:)..

I can understand that is is difcult if you dosent use it;9 Maybee little like my engelish, dont write it like my writing in norwigian I am afraid off;). But with thought, I manage to write it then;P

Diclotican

Sorry my bad engelish, not my native language

[mudesi]

24. Does Walmart take Rupees, now? (nm)

[kineneb]

25. no, I am stocking up on non-perishable foods

savings?
what savings?
oh, yeah, that money we had to spend so Hubby could get medical care.

[roamer65]

26. Invest your 401K in foreign market funds.

They may be denominated in dollars, but the value will increase right along with the exchange rate changes. I've gained nearly $10,000 in the last 2 months since investing most of my 401K in them.

[RB TexLa]

29. It's not that complicated, is it.

[roamer65]

33. Nope, just a few clicks on the computer and I moved thousands in a flash.

[KoKo]

34. Maybe if you weren't so arrogant folks might ask for more info...

:-(

[AntiFascist]

36. Unfortunately most Americans are paid in dollars...

can you gurantee that most will receive raises tied to the falling value of the dollar?

[mudesi]

37. And what if you're poor?

This OP is extremely out of touch.

Not everyone has money to play with.

[ruiner4u]

43. What a silly question..

if your poor, you just sell your blood in Europe!

:sarcasm:



yeah, just a wee bit out of touch...

[Fovea]

42. I can't seem to get them to issue

my disability check in Euros.

[libnnc]

48. Oh doodtie doodtie!

You mean UNCG will accept my tuition payment in Euros?!?! Harris Teeter takes gold bars?

Wow! I've been such a dumbass! Silly me...carrying around all these pesky Washingtons...











Dumbest fucking post I've seen all day...:eyes:

[charlie]

49. For people complaining about the falling US dollar

Get more money. And don't be stupid, get at least $10 million. So, shut up and get the money.

[Swamp Rat]

62. LOL! GET MO' MONEY!

Yeah, quit yer belly achin'!

:rofl:

[charlie]

63. Hey Swampie

No time for chit chat, I'm gettin' the money.

[Swamp Rat]

64. GIMME SOME!!!

I don't want to work for it. I want YOU to work for it then GIVE IT TO ME!

[charlie]

65. You some kind of caw-mu-niss?

You need to look up my friend Ignatius, learn you some proper geometry and theology:



Whoops, where'd that come from? Here he is, you'll find him under the clock on Canal St:

[Swamp Rat]

67. Dat betta be an alligator andouille sausage

or a Manuel's tamale. Otherwise, he be in a heepah trouble!

[charlie]

69. Alligator...

.............sausage........... okay yeah, I'd eat it, you bet. Creole cooking makes anything taste good.

Hard times ahead. We're gonna need some of that Cajun magic to make those boiled tennis shoes tasty.

[Swamp Rat]

70. It's really delicious, if you can stand very spicy food.

Jus' add da re' beans an' rice. :9

We can make nutrea, frogs, and snapping turtles taste like gourmet food... hell, it IS gourmet food compared to what most of the rest of the USA eats. :D

[charlie]

71. Sold!

I love the spicy! No, I must have it. I eat jalapenos and habaneros with every meal and snack, no foolin'. And there's no such thing as too much garlic and onions.

Do you take Kopeks? Drachmas? Bahts? Thanks to RGBolen, I got the money and now I'm a diversified fool.

[Swamp Rat]

73. LOL!

You must have been a New Orleanian in your last life! I put a LOT of Cayenne pepper on every meal I eat, except cereal. :D

Bring me three naked ladies and a six pack of Abita Restoration Ale, and you will be fed spicy hot crawfish until you pop. :9 :D

[charlie]

75. Careful

You're about to be cursed with the horror of The Guest Who Won't Leave. I'd leap over a table of lobsters to get at a plate of crawdads, yessir I would. And I'm in a bordertown where there are plenty of ladies who'd think rippin' out to Nawlins in their birthday suits would be a blast. :D :hi:

[Viva_La_Revolution]

81. nutria? really?

We got a passle of em in the stream next to the house.

Yeehaw kids! Meat for dinner! :bounce:

[Hutzpa]

68. Flawed! n/t