Weak Dollar

The dollar used to be the currency sought internationally! Why? Because it was very strong. It was the currency of choice by people around the world! That is right! Used to be! Not anymore. Is that the reason why the economy globally went crumbling down? All the nations invested heavily on the US treasury securities? When the dollar went down, everything came tumbling down!

China's reserves is mostly in US securities. The value of the dollar has gone down, so China is diversifying by buying more Japanese bonds and finding other ways to move away from US securities.

The price for everything is going up including gold, oil, gas, corn, cotton and wheat...but the dollar is going down. Is the dollar still going down??? I do not know because I am not an economist! But if the dollar is low, is it not good for tourism and other things? Why do you say that? If the dollar is weak, other countries will be coming to the United States to sightsee, vacation and go shopping! Then that will be good for the economy, is it not?? People from other countries will be buying many things! How many businesses are owned by foreigners??? A lot of them! I read that there are very few businesses now that are US owned! Is this true, anyone???

i recently went to Canada. When I paid for the gas, my US dollar was less than the Canadian dollar! And to think that around 20 years ago, US$1.00 was equivalent to Canadian $1.50! Now it is reversed! I really do not understand how the money exchange work. When you go to Canada, your money is worth less...when you exchange your leftover Canadian money, it is also worth less! It seems that you lose some money either way!

How about the Euro?? Wow! That is more expensive! US $1.37 is equal to Euro 1.00! And if you go to the international money exchange, you add an additional fee which makes the exchange less!! I did not know that you can get a currency exchange in the local banks, but you have to do it ahead of time. The money will not be given to you right there and then, you have to wait for a few days!! I wonder why? Any comments???

So, what do you do? Stay home, just do a barbecue on your backyard and that will eliminate spending your precious dollars!!! Ha! Ha! Ha! You are sooo crazy!!! But that might not be a bad idea!!!! Right, guys???? Come on, start your grill, have fun on this fine Sunday afternoon!!!!

Posted by vs at 10/24/2010 3:02 PM | Add Comment