US dollar is falling down

Posted on Tuesday, June 12th 2007 4:23 pm by menj in Offbeat

Sigh…I guess good things are just not meant to last and the USD is falling down. Its not a big deal for those who are US citizens but it is for people like me, who try to earn some moola from the USD. The impact will not be felt right now but it will certainly cause a problem in the long term. After all, I am not as rich as George Lindemann.

Blogging for money in USD is still attractive even despite the weakening dollar, due to the different exchange rates between the greenback and the Ringgit. But for the same amount of work, you are being paid less, which does not excite me. I guess this means that all of us bloggers who are doing paid blogging or PPC or any of the internet activities that generate income must simply work harder to compensate for the shortfall.

    22 Comments

    Comments

    Here are 22 Responses.

    • Alex says:

      June 12th, 2007 at 7:08 pm

      adsense’s rather bad now coz wen it goes into my aussie account, they auto convert. god damn it $0.84 cents now. but the others tat go into paypal, try treatin urself to a shopping spree at ebay. wohoo

    • Fahmishah says:

      June 12th, 2007 at 8:52 pm

      we get less amount of $$$ is USD is falling down.

    • Motordom says:

      July 27th, 2012 at 6:35 pm

      How long this story can be sustained? How will this correct itself? Commodities are going up in values mainly because of 2 things, the lack of investment in them because they were too cheap earlier to justify the investment and secondly, the demand was not as high as it is now that China as more and more money from its trade surplus. Oil demand is increasing, partly from developing country like China who are increasing their demand.
      Where is this all heading?
      Will the US dollar keep falling down?

    • x_blind_x_gamer_x says:

      July 27th, 2012 at 7:06 pm

      What i would like to know is why Oil traded in USD and not in other currecies, why is USD superior becasue we always see our exchange rate with US dollar. If US markets fell down why Indian markets go down. What is the sentiment of US with other countries.

    • josh12rox says:

      July 29th, 2012 at 4:47 pm

      As we know foreign investors buy investments in America. I once heard that Japan owns an estimated 8% or something like that of this country by buying stocks, real estate etc. With the dollar so low, will there be damage done and we lose more American assets. If I was a foreign investor I would think this is a great time to buy US stocks and real estate. With the dollar down, does this mean we have a big giant “Sale on America”? Does this also mean further outside control of America is greatly enhanced? If I am correct, how bad do you think this is? All we have heard so far is the price of imports will rise here which will increase the GNP. Fine, but I think there are way more bad things that come with the falling dollar abroad. Also, why did the dollar take a dive? Must be deeper than a few economy bumps.

    • Anny says:

      August 18th, 2012 at 8:21 am

      I’m interested to know, since I am 16 and have no knowledge of economics, how the system of inflation works. The price of gold is increasing, but is that because of demand or because the US dollar is falling? The US dollar used to be on the gold standard since Nixon, and my understanding is that gold is increasing in value because the dollar is decreasing in value.

      If the US dollar remained on the gold standard a $55,000 object would cost around 10x as less.

      Point is, I would like to get more information on inflation and what the gold standard has to do with it.

    • ConfusionnaJob says:

      August 26th, 2012 at 2:07 am

      US dollar has fallen down 6 cents, for the past 3 days, compared to EURO,British Pound Australian Dollar…. The scary thing is,it keeps falling

    • Courtney says:

      August 26th, 2012 at 3:33 am

      is it related to US Dollar?
      What is the thing that controls gold prices?
      Do expect that gold prices will fall down more and more?

    • Scorch Delta-62 says:

      September 6th, 2012 at 3:25 am

      The system of currency exchange rates has always facsinated me.

      I could have $100, convert it into ?49.34, then convert it back the next day to $101. Why do currency rates have to change every day?

      Is this somehow helping the economy? Or is it hurting it?

    • PIE BOY says:

      September 9th, 2012 at 10:28 am

      I guess I couldn’t find a mechanical relationship, so I’m asking here:

      What is the relationship between inflation targeting and exchange rates?

    • che-che says:

      September 9th, 2012 at 7:39 pm

      Does anyone believe this Administrations “claims” that the recession has ended?

      First they tell us we had 3.5% growth in GDP, now they revise it down to 2.8%; then it turns out their “jobs saved or created” numbers are all total BS

      And, when you factor in the collapsing dollar, the value of our GDP is well less than it was 3 months ago, it seems to me the economy is getting worst and worst.

      Why does the Obama administration lie so much?

      http://www.marketwatch.com/sto.....2009-11-24

    • Moore, Ron says:

      September 11th, 2012 at 12:46 pm

      Is China engaged in economic warfare against the US. In the last couple years China announced that it would actively manage it’s capital reserves. 1.4 TRILLION dollars was invested mostly in US treasury bolds. If they have begun to sell those bonds and stop buying more then will the US dollar fall and cause oil to skyrocket? Major US companies are being bought up right and left by foriegn companies at huge discounts due to the low dollar. When the tough times do end and these companies return to profitability then the profits will go overseas. Are we loosing a financial war?

    • blarg blarg says:

      September 12th, 2012 at 12:11 am

      I need some help. Ive tried researching but its so difficult to understand. I need a foreign exchange book for dummies.
      1) I need to know some significances and differences in foreign exchange rates.
      2) how can i convert one form of currency to another?
      3) consider having a business in a different country, how would you convert your payroll into the prevailing currency?

      Thank you.

    • Sir fliesalot says:

      September 12th, 2012 at 3:49 am

      I heard that exchange rates never stay the same. I also heard that they change every 30 minutes, but I never notice this.

      Why do they always change so quickly?

    • Marlon P says:

      September 14th, 2012 at 3:42 am

      I’m totally confused with foreign exchange rates. What does it mean when the rate is lower than the dollar like the euro at 0.752158 to the dollar at 1.000000? Does that mean that it is worth more or less?
      It also says the yen is 115.2. So what does that mean?

    • Dr Dorian says:

      October 7th, 2012 at 10:53 pm

      Does anyone know Why did exchange rates between US dollar and Euro changed recently?

    • arronwrath says:

      November 7th, 2012 at 5:40 pm

      I realised theres no point buying US Dollars.. so will investing in Euros be a safe bet before Australian $$ goes down the drain?

    • Hannah says:

      November 8th, 2012 at 8:21 pm

      I think the liberals wanted this to happen, thats why they put obama into the election.The US is falling down, falling down and bama is loving it!

    • jordenkotor says:

      November 11th, 2012 at 10:39 am

      I keep hearing that China controls much of the US debt and could easily destroy the economy. How so?
      I don’t understand how this works.
      I am a novelist who writes about speculative futures.

    • turg143 says:

      November 24th, 2012 at 3:36 pm

      It bothers me that unemployment continues to increase and the dollar continues to fall. If you measure the DOW using a gold standard is the stock market REALLY increasing? Is this a viable way to look at the stock market when US currency is so unstable?

    • mmminja says:

      November 26th, 2012 at 8:07 pm

      I’m writing a summary of this for my GEO class and I can’t seem to find much information about it online. I’m looking to summarize how the decline of the Euro has impacted the US dollar either in tourism or trade. ANY help is greatly appreciated!!

    • baldy eire says:

      November 29th, 2012 at 11:46 pm

      The debt cieling this the failing dollar the push of people sick of having the ONE world US currency shoved down their throats by gun boats

      We have an export economy and the US dollar is going to collapse in a free fall of hyperinflation

      If not this time then the 3rd or 4th debt limit that is more likely to occur within months if this one doesn’t kill them

      So would anyone like to ask the PM and Ministers — why NOTHING was done but tie our economy a little harder to the titanic ?

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