Job Discussion Forums

Hoser · Joined: 19 Mar 2005 Posts: 694 Location: Toronto, Canada

Anybody with a huge warchest saved up over the years planning on shipping it all back to America now? With the economy down the tubes it seems like there's never been a better time (in the past twelve years anyways) to start buying American dollars. I wish the Canadian dollar would go back down to 86 yen like it was when I first came here 3 years ago.

Mothy · Joined: 01 Feb 2007 Posts: 99

Just waiting for my next paycheck... Oh yeah! Smile

All of that baby is going back home to America! To pay off my college debts... Sad

fat_chris · Joined: 10 Sep 2003 Posts: 3198 Location: Beijing

slodziak · Joined: 17 Oct 2005 Posts: 143 Location: Tokyo

Quibby84 · Joined: 10 Aug 2006 Posts: 643 Location: Japan

Arent you worring about this? With the American Economy going down the drain, your dollar is worth less and less there...what if in a year or so it is worth almost nothing? I am insure about what to do...we have money here...and we wont be here forever...but I am worried about American and their recession (sp?)

cornishmuppet · Joined: 27 Mar 2004 Posts: 642 Location: Nagano, Japan

It needs to drop a bit more yet to make up for all the times I had to send money home at 240-250 to the pound... still, nice to see it has actually come down at last.

Apsara · Joined: 20 Sep 2005 Posts: 2142 Location: Tokyo, Japan

Quibby, how could American dollars end up being worth almost nothing in the US? Are you picturing rampant inflation? I doubt that will happen somehow. There was a major recession starting in 1987 which you might be a bit young to remember, but everyone survived and came out the other end- the sky is not falling, even if the stockmarkets and the value of the dollar are Smile

fat_chris · Joined: 10 Sep 2003 Posts: 3198 Location: Beijing

fat_chris · Joined: 10 Sep 2003 Posts: 3198 Location: Beijing

Mothy · Joined: 01 Feb 2007 Posts: 99

Yeah, from a purely selfish point of view this is great for me. I have nothing but debt in dollars and nothing but revenue in yen. For my personal sake this doesn't worry me a bit. But I do have a heart, and friends and family back home, and a love for my country which I haven't been able to completely drop so I do worry a little. But recessions happen and the US has a stable government and a lot of natural resources so I think they'll bounce back strongly, it's just a matter of how long. The worst long term effects I see is that most likely the Euro is going to replace the dollar as the world currency. But that's not really that bad a thing, big picture wise. So, while I worry maybe a friend or family member might have some tough time until we pull out of the recession, I'm not so worried that I can't enjoy how this benefits me. Smile

Maybe I should have broken this into two paragraphs... oh well.