January 2, 2005

Declining US Dollar Value

This is the first email I have got like this, but it is a sign of things to come...

Please Paypal.....$130 Canadian! Yes, Aaron, 130 Canadian Dollars!

Would you consider changing currencies? Paypal enables you to make payments
in Canadian Dollars effortlessly.

You will notice no difference in price at the moment. However, if your US
Dollar tanks next year, you will find the price will begin to rise somewhat
bit by bit. When you find the price too expensive, you will leave. And
then, I'll just sell your Ad Space to a European, who will find it
inexpensive. That's the whole reason your government is letting your dollar
fall. The want American businesses like your's to buy only from other
Americans...not foreigners...hence, solve your whopping current account
trade deficit. From my perspective, I can choose to go down with your ship
(loose 10 to 20% of my income), or I can maintain my income by selling to
foreigners.) It's a mean old world!

I really think the dollar is falling because the leaders are negligent self absorbed corporate puppets who want the US government to be weak to help maximize shareholder value. I suppose I need to study economics a bit though...

Posted at January 2, 2005 9:08 PM
Comments

Huh? How could a weak US government help shareholder value? A weak US dollar makes American exports cheaper and saves American jobs and companies. A strong US dollar makes foreign travel cheaper for Americans. (Think how cheap European travel would be for Americans if 1 USD could buy 10 or 100 Euros). A strong or weak dollar both has good sides.

>How could a weak US government help shareholder value?

as your stated... A weak US dollar makes American exports cheaper and saves American jobs and companies.

>A strong US dollar makes foreign travel cheaper for Americans.

the cost of travel is negligable when compared to the profits the large shareholders make. that is the whole point, the government is ran by a bunch of puppets who sacrifice our interests for the interests of large corporations.

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