Urgent need to cash out web earnings

News Type: Opinion — Tue Mar 18, 2008 12:38 PM EDT

business, recession, dollar, inflation, fed, euro, ecb

At the moment we are waiting to see, how much FED will low the interest rates. The average estimation is one percent from 3% to 2%.

Earlier I wrote about web earnings falling at July and last September I wrote about dollar falling and from those days dollar has fallen from 0,724€ and 0.7181 to 0.6341€.

So when FED lowers the interest rates, dollar is going to loose against other currencies. For the Americans, this would not be that bad if there were no inflation. But at the moment FED is not that worried about inflation as the ECB, so the desperate rescue attempts will just increase the inflation.

This far lowering the interest rate has helped few weeks before another is needed. Perhaps we will see the 0% interest rate later this year?

One interesting question is, that will FED destroy the dollar's status as the World's main currency? The is no stability in dollar and at the moment the Euro would be an another solution. It dollar inflation turns to hyperinflation, something has to be done.

Well personally I know what to do. I will cash out every dollar I can as fast as possible and turn them to Euros.

15 Votes
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5.3

2.8

{"commentId":1592455,"authorDomain":"Pasi"}

PasiDeleted

{"commentId":1592561,"authorDomain":"greenpagan"}

greenpagan

Pretty soon Food & Water will be Money. So...with all due respect...Screw the Euro!

====

{"commentId":1592561,"threadId":"236444","contentId":"1374478","authorDomain":"greenpagan"}

4 votes

#2 - Tue Mar 18, 2008 1:04 PM EDT

{"commentId":1592592,"authorDomain":"bluejohnnyd"}

bluejohnnyd

Food spoils. Bullion doesn't. Barter will be replaced in short order with a universal surrogate (money).

{"commentId":1592592,"threadId":"236444","contentId":"1374478","authorDomain":"bluejohnnyd"}

4 votes

#2.1 - Tue Mar 18, 2008 1:10 PM EDT

{"commentId":1592832,"authorDomain":"eddiefrench"}

Eddie French

I'm losing money here already
The pound is just too strong against the dollar.

{"commentId":1592832,"threadId":"236444","contentId":"1374478","authorDomain":"eddiefrench"}

3 votes

#3 - Tue Mar 18, 2008 2:04 PM EDT

{"commentId":1592994,"authorDomain":"farmer"}

oldfogey

Pasi, if you are hurting that bad I could probably swing a few depleted dollars to lend you. What interest rate will you pay? I normally get 2 for 1 on payday.

{"commentId":1592994,"threadId":"236444","contentId":"1374478","authorDomain":"farmer"}

3 votes

#4 - Tue Mar 18, 2008 2:42 PM EDT

{"commentId":1593073,"authorDomain":"Pasi"}

PasiDeleted

{"commentId":1595371,"authorDomain":"nigeriawhatisnew"}

Beauty

The price of a 50kg bag of maize has doubled since September from US$21 to US$42 and a bag of millet rose from US$29 to US$42, according to Magaji Ahmad, one of the merchants. Cowpeas, which sold at US$58 is now US$100.

This business of the dollar parity is deadly serious for the rest of the World.

{"commentId":1595371,"threadId":"236444","contentId":"1374478","authorDomain":"nigeriawhatisnew"}

2 votes

#5 - Wed Mar 19, 2008 5:33 AM EDT

{"commentId":1595383,"authorDomain":"Pasi"}

PasiDeleted

{"commentId":1830495,"authorDomain":"barry-rutherford"}

Barry Rutherford

The Australian dollar has never in my living memory been as high against the US Dollar,as it is right now !

{"commentId":1830495,"threadId":"236444","contentId":"1374478","authorDomain":"barry-rutherford"}

1 vote

#6 - Thu May 22, 2008 12:18 PM EDT

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Fed lowers the interest rate	Pasi	Tue Mar 18	0
Dollar Rises Against Yen in Asia	Associated Press	Fri Mar 14	0
Fed Divisions Complicate Inflation Talks	Associated Press	Thu Mar 20	3

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Urgent need to cash out web earnings

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