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Weigookin74
Joined: 26 Oct 2009
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Coltronator
Joined: 04 Dec 2013
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 Posted: Wed Jan 14, 2015 4:47 am Post subject: |
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| Love those low oil prices!! Screw Alberta!!! (Sorry to anyone actually from Alberta all offence not actually meant...... secret Canadian "Sorry" protocols enacted) |
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World Traveler
Joined: 29 May 2009
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Wed Jan 14, 2015 7:11 am Post subject: |
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Yeah, know quite a few in Alberta. Half of the maritimes are out there. Don't know what they'll do. But, geeze this won has been awful for too long. If it stays good and gets even better, I'll finally be able to get sh!t paid off as long as I don't get cut this year.
As for Americans, I think Korea is becoming for them what it had been for us between 2008 and 2013. Won't be too long before a million won falls to 800 bucks. With wages slowly rising and an economic recovery coming about, living at home with the folks should pay those debts off just as quick by staying home. (I mean with those exchange rates.) |
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GENO123
Joined: 28 Jan 2010
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| Posted: Wed Jan 14, 2015 8:51 am Post subject: |
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Since Japan is printing money and will print more very soon any won rally will be short lived. Korea will not be able to make it on domestic consumption.
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As for Americans, I think Korea is becoming for them what it had been for us between 2008 and 2013. Won't be too long before a million won falls to 800 bucks. With wages slowly rising and an economic recovery coming about, living at home with the folks should pay those debts off just as quick by staying home. (I mean with those exchange rates.) |
And very soon Europe will start doing its own quantitative easing |
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Old Painless
Joined: 01 Jan 2014
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| Posted: Thu Jan 15, 2015 6:16 am Post subject: |
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Swiss Federal Reserve bank announced today that the binding between the Franken and the Euro is history.
Euro / Swiss Franken exchange rate dropped down over 30% in minutes, so did the Dollar and Gold/Silver.
The signal to the market will be devastating for the Euro.
When the € was created it was worth about 1.5 Swiss franc...
Along the years it rose up to 1.7 or something,..
Then it started it slow decent down to 1swiss franc = 1€ back in 2011... But at the time that was bad for our exports and industry, so the Swiss National Bank started buying huge among of € to artificially keeping it at a deck price of 1€ = 1.2 Swiss franc...
In doing so, it kept the $ at parity with the Swiss franc since 2011....
The dollar is now worth ONLY 0.85 Swiss Franc and falling !
Stay tuned |
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