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Sashadroogie
Joined: 17 Apr 2007
Posts: 11061
Location: Moskva, The Workers' Paradise
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Captain_Fil
Joined: 06 Jan 2011
Posts: 604
Location: California - the land of fruits and nuts
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 Posted: Wed Jul 27, 2011 1:01 am Post subject: |
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Sorry, comrade...
But I'm going to stick to the US dollar.
Besides, where will I get rubles? At a Russian Federation embassy?
And once I have rubles, what will I do with such currency? Invest in vodka? Invest in caviar?
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AGoodStory
Joined: 26 Feb 2010
Posts: 738
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| Posted: Wed Jul 27, 2011 1:32 am Post subject: |
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| Captain_Fil wrote: |
Sorry, comrade...
But I'm going to stick to the US dollar.
Besides, where will I get rubles? At a Russian Federation embassy?
And once I have rubles, what will I do with such currency? Invest in vodka? Invest in caviar?
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I'm not so sure that's a good plan, Cap. I'm afraid my dollar--with which I have to buy euros--is about to take a nosedive. 
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tttompatz
Joined: 06 Mar 2010
Posts: 1951
Location: Talibon, Bohol, Philippines
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| Posted: Wed Jul 27, 2011 4:38 am Post subject: |
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| Captain_Fil wrote: |
Sorry, comrade...
But I'm going to stick to the US dollar.
Besides, where will I get rubles? At a Russian Federation embassy?
And once I have rubles, what will I do with such currency? Invest in vodka? Invest in caviar?
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That would be the same dollar that used to buy $1.50 CAD and now only gets you about 93 cents CAD?
The same dollar that used to get you 44 THB and now gets you 29?
The same dollar that used to buy 1500 KRW and now only gets you 1100?
The same dollar that used to buy 55 PHP and now gets you only about 42?
Not looking too good for the greenback right now. You'd be better off putting your money into something stable like vodka (or scotch) or kilos of coffee.
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Sashadroogie
Joined: 17 Apr 2007
Posts: 11061
Location: Moskva, The Workers' Paradise
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| Posted: Wed Jul 27, 2011 6:43 am Post subject: |
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| Yip. That way, when all is said and done, at least you can still drink your wealth...hic! |
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ancient_dweller
Joined: 12 Aug 2010
Posts: 415
Location: Woodland Bench
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| Posted: Thu Jul 28, 2011 7:26 am Post subject: |
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I have actually been changing my rubles into ��� because the rate is so damn good right now.
I reckon the pound will hit as little as 43 rubles before the year is up though.
Buying rubles now is madness - so expensive! |
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Captain_Fil
Joined: 06 Jan 2011
Posts: 604
Location: California - the land of fruits and nuts
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| Posted: Fri Jul 29, 2011 4:44 am Post subject: |
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| AGoodStory wrote: |
I'm not so sure that's a good plan, Cap. I'm afraid my dollar--with which I have to buy euros--is about to take a nosedive. . |
| tttompatz wrote: |
That would be the same dollar that used to buy $1.50 CAD and now only gets you about 93 cents CAD?
The same dollar that used to get you 44 THB and now gets you 29?
The same dollar that used to buy 1500 KRW and now only gets you 1100?
The same dollar that used to buy 55 PHP and now gets you only about 42?
Not looking too good for the greenback right now. You'd be better off putting your money into something stable like vodka (or scotch) or kilos of coffee.
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Sorry guys. But the US dollar is still strong.
While vacationing in the Philippines last year, I was able to enjoy the most luxurious amenities at affordable prices: lavish dinners, lavish lunches, whole body massage, quality dental care, designer clothes, premium cigars, fine chocolates, etc.
That's right. The US dollar still has great purchasing power in developing countries.
I can't wait to go back...
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eurobound
Joined: 04 Apr 2011
Posts: 155
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| Posted: Sat Jul 30, 2011 5:59 pm Post subject: |
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When I saw President Obama making his last speech, he seemed quite concerned, unhappy, and stressed out about one or two things.
Has nobody told him he can still afford fine chocolates in the Philippines? |
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artemisia
Joined: 04 Nov 2008
Posts: 875
Location: the world
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| Posted: Sat Jul 30, 2011 10:50 pm Post subject: |
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| Buy silver. You can't trust any currency. |
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eurobound
Joined: 04 Apr 2011
Posts: 155
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| Posted: Sun Jul 31, 2011 8:24 am Post subject: |
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| Buy fine chocolates. It's as good a bet as any. |
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astrayalien
Joined: 01 Feb 2011
Posts: 85
Location: China
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| Posted: Fri Aug 05, 2011 8:21 am Post subject: |
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| eurobound wrote: |
| Buy fine chocolates. It's as good a bet as any. |
Also cigarettes and whisky. Actually I put my cash into silver bullion, stored in a safe place. The US dollar is doomed. |
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tttompatz
Joined: 06 Mar 2010
Posts: 1951
Location: Talibon, Bohol, Philippines
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| Posted: Fri Aug 05, 2011 10:33 am Post subject: |
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| Captain_Fil wrote: |
Sorry guys. But the US dollar is still strong.
While vacationing in the Philippines last year, I was able to enjoy the most luxurious amenities at affordable prices: lavish dinners, lavish lunches, whole body massage, quality dental care, designer clothes, premium cigars, fine chocolates, etc.
That's right. The US dollar still has great purchasing power in developing countries.
I can't wait to go back...
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LOL...  or more aptly, ROTFLMAO  .
The US economy is in the toilet, the dollar and T-bills have lost 30% of their value against a LARGE number of currencies and are still nosediving even against such poor currencies as the PHP.
Prior to the crash you used to get 55 PHP for 1 dollar. Now you only get 40 PHP for your dollar.
You'd be better off putting your money into the BPI and earning 3% interest rather than putting it into an American bank (while praying the bank doesn't go bankrupt) and watching the currency continue to fall while earning 0% interest.
Double dip recession coming soon to a country near you there Capt_Fil - buy your pesos now cause they are only going to get more expensive.
[quote="AP"]WASHINGTON (AP) -- Credit rating agency Standard & Poor's on Friday downgraded the United States' credit rating first time in the history of the ratings.
The credit rating agency said that it is cutting the country's top AAA rating by one notch to AA-plus. The credit agency said that it is making the move because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country's debt situation.
USA = the new Mexico.
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ancient_dweller
Joined: 12 Aug 2010
Posts: 415
Location: Woodland Bench
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| Posted: Sat Aug 06, 2011 5:22 pm Post subject: |
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oil price took a massive hit - they think demand will drop because of the imminent double dip recession. Therefore the value of the rouble took a hit. In relation to the ���, it dropped 1rouble from floating around 45, going to over 46. 1 rouble on �1k = �20. All adds up.
Need a bigger oil price hike - especially because of the US downgrade. |
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johnslat
Joined: 21 Jan 2003
Posts: 13859
Location: Santa Fe, New Mexico, USA
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| Posted: Sat Aug 06, 2011 5:30 pm Post subject: |
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Dear tttompatz,
"USA = the new Mexico."
Yup, that's where I live - in New Mexico (We were just ahead of the curve.)
Regards,
John |
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wangdaning
Joined: 22 Jan 2008
Posts: 3154
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| Posted: Sun Aug 07, 2011 5:39 am Post subject: |
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| I find it nice how the rmb (Chinese Yuan) keeps gaining on the dollar. My pay keeps increasing and exchange rates getting more favorable. Maybe if I hold out a few more years I can clear my student loan with one month's pay. I , oddly for working in China, get paid in pounds, which might start hurting. |
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