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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,517
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Dollar loses reserve status
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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10-13-2009, 10:34 PM
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drag racing the short bus
Join Date: May 2002
Location: Location, Location...
Posts: 21,983
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We should attach ourselves to the Euro. Then again, what do you bet the Euro doesn't want us?
I give this thread four more posts before it's PARFED.
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The Terror of Tiny Town |
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10-13-2009, 10:39 PM
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Registered
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Location: Linn County, Oregon
Posts: 48,517
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I thought of posting it there...but really, this is NOT good news. I've got an idea...I'll post it there as well. Perhaps people will keep this thread non political, just post ideas of possible personal financial options here, post political thoughts there?
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) Last edited by pwd72s; 10-13-2009 at 10:49 PM.. |
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10-13-2009, 10:42 PM
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drag racing the short bus
Join Date: May 2002
Location: Location, Location...
Posts: 21,983
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End of the line. Never in my life did I think European countries would be economically more powerful than the U.S. But really, we've sort of got nothing.
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The Terror of Tiny Town |
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10-13-2009, 10:48 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,517
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Posted on PARF as well...hoping people who wish can jump back & forth. Where to go? Gold? International bonds? What?
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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10-13-2009, 10:54 PM
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Registered
Join Date: Jan 2006
Location: Fullerton,Ca
Posts: 5,463
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what's a wise man to do with his earnings?
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" Formerly we suffered from crime. Today we suffer from laws" (55-120) Tacitus |
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10-13-2009, 11:28 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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My case rests...
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Copyright "Some Observer" |
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10-13-2009, 11:55 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Quote:
Anything but USD eg cash, CDs and its equivlants..Bonds...you are gona take it right up the azz. US companies with multinational exposure..our goods and services are gona look CHEAP. So ya might be makin 100K a year so what a new Bummer migh cost ya a cool Million....What this means in real terms is that the American worker is takin a pay cut.
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Copyright "Some Observer" |
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10-14-2009, 12:23 AM
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300hp 1800lbs is the goal
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Canadian dollar keeps creeping up.... should be worth more by next week..... and we've yet to see the USD start the nosedive. The pound is taking a beating too
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The '66 912 Bastardization project has begun. Note to PO's: LAY OFF THE FREAKING BONDO!!!! The science was settled: Earth was flat. Galileo : Flat Earth denier. 
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10-14-2009, 01:22 AM
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83 911 Production Cab #10
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Keep Going
I'm still PO at myself for not buying 10K of US $ last year when we were ahead by a nickel...
Got 5k yesterday and will buy more if we go in the + again. Not good for our economy but good for my Porsche & Traveling accounts.
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Who Will Live... Will See  83 911 Production Cab #10, Slightly Modified: Unslanted, 3.2, PMO EFI, TECgt, CE 911 CAM Sync / Pulley / Wires, SSI, Dansk Sport 2/2, 17" Euromeister, CKO GT3 Seats, Going SOK Super Charger |
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10-14-2009, 03:34 AM
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meister member
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I knew I should of kept those Canadian pennies from when I was a kid.
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1983 944 guards red with 16" Fuchs, Host of Wisconsin area timing/ balance shaft belt tensioning party 1987 944S Purchased from Legion. Corvette LT-1 V-8 conversion with Mega Squirt II Check on progress ---> www.porschehybrids.com/gallery/speedracing944 Favorite Road = www.tailofthedragon.com 318 turns in 11 miles (11 min 20 sec best run) |
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10-14-2009, 04:36 AM
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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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Hope this is just bad sentiment preceding a big rally in the dollar. The nation cannot afford a rapid devaluation. You cannot undo a standard of living which evolved over decades.
You guys trying to reposition to profit, give it up. The 'mememe' attitude is part of the problem with the dollar. Just be smart and ride it out. |
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10-14-2009, 04:45 AM
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Used Up User
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OK guys. In the spirit of Pelican OT brotherly love, send all of your money to me. I will deposit it in nice safe Canadian banks in Canadian funds.
Ian
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'87 Carrera Cab ----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein ----- |
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10-14-2009, 04:51 AM
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Registered
Join Date: Sep 2009
Location: North of You
Posts: 9,160
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I can see Canada doing it, but not the USA. |
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10-14-2009, 04:55 AM
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Banned
Join Date: Sep 2006
Location: South of Heaven
Posts: 21,159
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It's actually a good thing IMO. One cannot keep printing funny money and not expect the people you're paying with it to like it. |
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10-14-2009, 06:20 AM
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Checked out
Join Date: Jun 2009
Location: On a beach
Posts: 10,127
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Quote:
Very troubling times, indeed. Our current leadership is driving the bus right off a cliff, from which recovery is very questionable. From the link. "After printing up trillions of new dollars and new bonds to stimulate the US economy, the Federal Reserve chief is now boxed into a corner battling two separate monsters that could devour the economy -- ravenous inflation on one hand, and a perilous recession on the other. "He's in a crisis worse than the meltdown ever was," said Peter Schiff, president of Euro Pacific Capital. "I fear that he could be the Fed chairman who brought down the whole thing." |
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10-14-2009, 10:03 AM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,517
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Another take:
FT.com / Columnists / Martin Wolf - The rumours of the dollar’s death are much exaggerated
__________________
"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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10-14-2009, 10:13 AM
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'66 Bastardization
Salvage Talon
pksystems 97 Talon TSi AWD
The little UTE that could.
2005 Legacy 2.5GT Wagon
Das Babe
Das Babe Metalberiech
1987 Porsche 911 Carrera Cabriolet 3.2
