Showing posts with label dollars depreciating. Show all posts
Showing posts with label dollars depreciating. Show all posts

Thursday, December 20, 2007

Start investing overseas.



Dollars are out, Euros are in..and people like Warren Buffett, Jay-Z and that one Victoria's Secret model Giselle are demanding to get paid in any other currency BUT ours. Do I find this a little scary? Hell yea. I can't help but think that the American economy is pretty much fucked for the time being and for a long time to come. The dollar has been depreciating for a while now, hitting an all-time low around the end of November and it's still not looking good. As of today, this is what the exchange rate looks like :
1 Euro = 1.4403 U.S. dollars. Man, I don't want to sound like a downer, but really..what the hell? Jay-Z's new video "Blue Magic" (above) has him flashing euro..but really, all I want to see him flash are a few hundreds here and there. Is that too much of a request?