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Brutal decline of the US dollar

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Brutal decline of the US dollar

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Old Oct 25th, 2004 | 10:29 AM
  #21  
 
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Yea, I think Ira said it wrong. He meant 95 cents to the euro and 1.25 to the pound, etc., not the other way around. Maybe he's the one who had the second drink at lunch.
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Old Oct 25th, 2004 | 10:31 AM
  #22  
 
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HI--it seems to me that most on here were a little overly harsh w/maletas. I too am dismayed at the exchange rate. I did not read his post as a slam against Europe, just a lament (as opposed to the more negative term whine) about the current state of affairs regarding the exchange rate.
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Old Oct 25th, 2004 | 10:31 AM
  #23  
 
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I think it's FANTASTIC. I'm about to send a large amount in pounds to the US, and I usually get the worst rates when I end up sending money. It's payback time. I'm also hoping it's low next summer when I'm selling my house in the UK to move back to the US!
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Old Oct 25th, 2004 | 10:44 AM
  #24  
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well, it would be nice if it didn't get worse -- not just because of European vacations, but as a reflection of a lot of things. However, I don't worry about these things or let them run my life or affect my plans. It doesn't affect my plans at all, but perhaps that's because I don't spend a lot of money on my trips, anyway, so a 10 pct increase in the amount wouldn't make that much difference. Of course it would be nice to have that money for other things, but in my yearly budget, it wouldn't change my plans in any way.

Really, how much money are we talking about here -- I only spend a couple thousand dollars total on my vacation for hotel and food and everything (not counting the air fare, which is a separate topic), so the difference is a couple hundred dollars if it dropped by 10 pct.

Ira was only quoting Keith, who is the one who stated things wrongly. Ira didn't seem to get it, though, but I think Keith meant when a euro cost $.95, which wasn't a historical low, either.

I always find it rather distasteful when Americans whine about the cost of their expensive European vacations re the drop of the dollar, and how they can't afford to rent villas as much, go to 3* restaurants, etc. when there are so many people in the world in such poverty-stricken conditions and dying. Anyone who spends so much money on European vacations that a 10-25 pct change in the value of the dollar makes radical dents in their assets is spending too much for me to feel sorry for.
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Old Oct 25th, 2004 | 11:42 AM
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i agree with christina that it is distasteful to complain about this. i don't really mean here on this board and this is not a direct response to meletas just a general comment about behaviour when visiting a foreign country.

i see far too many americans who are far too vocal about what a "rip-off" something is or how much cheaper something is in the US. It's borderline rude but certainly makes people come off looking like ugly americans.

the reason i find this offensive are:

-you are basically boasting about how rich the US is (defined by the amount of "stuff" you can afford to buy there as compared to here). everybody already knows that the travelling classes of americans live like kings compared to the rest of the world. it's rude to remind people of this.

-there's probably a local right next to you buying the same thing and chances are the item is much more expensive for him as related to his salary than it is for you (even with today's exchange rates).

-it's offensive to the shop owners who have nothing to do with the exchange rate. the shop probably makes much less profit than the store in your hometown.

-it's offensive to the priorities set by the country you are visiting. The shopkeeper in denmark has a good pension, healthcare and a living wage. sure that pair of socks costs half as much at walmart but at what social cost. europeans know that things are cheaper in the US but they have chosen a different set of priorities.

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Old Oct 25th, 2004 | 12:27 PM
  #26  
 
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Thank you, walkinaround, you got it just right. Americans in general and well-to-do Americans in particular seem to forget how much more disposable income we have than in many other places in the world. Add to that the fact that many of us still have the Post-WWII notion that goods purchased overseas must be a "deal", and you get a really unattractive picture.

Travel is a luxury. For many of us it may also be a necessity, but we should never forget that we are privileged to be able to afford to do it, high-end or low.
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Old Oct 25th, 2004 | 12:42 PM
  #27  
 
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I don't know why Americans would complain about the conversion rate of overseas currencies. In the past, we in Australia, have been living, with a low dollar rate compared to most overseas currencies, however, now the value of our little Aussie dollar has crept up, with our strong economy, and we are enjoying a slightly stronger Aussie dollar, not that strong, but a bit stronger, Australians are travelling more. On every trip that I do overseas, I always come back, realising that my country is the best in the world, and I wonder why I went overseas in the first place.
I have seen Americans in the past, really preoccupied with the currency conversion of their dollar, however, I have seen a "lot" of Americans, who weren't, and they just get on with their holiday.
TIP 1: Just save as much money as possible, for those trips.
TIP 2: We think of 1 English pound being equal to 1 Australian dollar, if you don't, and you start converting, you may go crazy. A friend of mine visited the UK this year, and upon arrival start converting the value of food, beer, shopping items, etc, to the point, where they ate "cheap food" wherever possible, and I don't think they visited an British Pub, to enjoy a pint of bitters or ale. For lunch, they wandered around until they found a really cheap sandwich shop. What a pity, not to enjoy Britain to its fullest.
Your there for a great holiday, not to whinge, and worry over the conversion of currency values.
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Old Oct 25th, 2004 | 01:15 PM
  #28  
 
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Regretably, times have changed. On my last trip to Paris, my usual ploy with chocolate and nylons got me no where with the sweet young things of Pigalle.
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Old Oct 25th, 2004 | 02:08 PM
  #29  
 
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LOL Degas. Perhaps you should consider trying again in the off-season.
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Old Oct 25th, 2004 | 02:48 PM
  #30  
 
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Well said walkinarond, christina. I'm tired of all these people whining about the exchange rate. Just be glad you are able to travel. Millions of people on this planet live below the poverty line struggling to get through another day and you're worried about a decline in the dollar? If you are so upset by this stay home and let those of us who love Europe go.

As for basing your investments on who is in the White House - if you think like that you're better off in a savings account at the bank,
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Old Oct 26th, 2004 | 02:37 AM
  #31  
maletas
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Argentina is amazing and while in Buenos Aires you could feel as if you were in Rome, Paris,or Madrid. The restaurants and cafes are superb. I would have to spend more than 3 times as much $$$ for a simialr experience in Europe. I do love the cities mentioned above but its a shocker with the exchange rate and its decline seems to be spiraling out of control.
Now as for you Mgmargate and hansikay, this is a forum where people should be able to express themselves yet in a civil manner. You two a lesson in civility!
 
Old Oct 26th, 2004 | 05:19 AM
  #32  
ira
 
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>Ira didn't seem to get it, though, but I think Keith meant when a euro cost $.95, which wasn't a historical low, either.<

Ummmmm. I did get it, but thought that it would be immense hair-splitting to correct Keith. As far as "historical low", it's close enough for government work.

>Those who can do,those who can't teach.

On behalf of teachers around the world, I am sticking pins in a wax image of your computer.
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Old Oct 26th, 2004 | 05:24 AM
  #33  
 
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I didn't invent the quote.It sure is a widely held belief.
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Old Oct 26th, 2004 | 09:37 AM
  #34  
 
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It would be whining (or worse) to complain about the weaker dollar while in UK shops & restaurants. Or while shopping at our local Good Will.

I don't think it is inappropriate in this travel forum.

Keith
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Old Oct 26th, 2004 | 11:59 AM
  #35  
 
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If you know the correct punctuation for this bogus old chestnut, thank a teacher:

&gt;&gt;<i>Those who can do,those who can't teach</i>

Should be

&quot;Those who can, do; those who can't, teach.&quot;

Otherwise, it makes absolutely no sense.
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Old Oct 26th, 2004 | 12:03 PM
  #36  
 
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You can't spend punctuation, and you know what I meant.
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Old Oct 26th, 2004 | 12:07 PM
  #37  
ira
 
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&gt;You can't spend punctuation, and you know what I meant.&lt;

That is a run on sentence.

It is also a non sequitor.

Furthermore, we cannot possibly know what you meant, only what you wrote.

Thank you for providing us a chance to be pedantic. It's been a while.
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Old Oct 26th, 2004 | 12:09 PM
  #38  
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Non sequitUr...

Pedantically yours,

Rex
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Old Oct 26th, 2004 | 12:13 PM
  #39  
 
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It seems I might have hit a sore spot with some teachers.Old chestnut. Yea right.
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Old Oct 26th, 2004 | 12:18 PM
  #40  
 
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I ain't no teacher. . .
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