[J. Abizeid]

Originally Posted by sandway

1 euro = 1.2485 dollar; very bad for me...
And whoever you ask about what will happen in the future the answer is always no one knows.

Don’t panic!
It’s not a euro issue. It’s a dollar game soon to deflate.
Forget the euro for a moment and check out the Canadian dollar today:
http://finance.yahoo.com/currency/convert?from=USD&to=CAD&amt=1&t=1d
Canada is the US main trading partnered. The US dollar today is at 1.24 CA dollar from .95 only three months ago. In other words, Canadians must pay 30% more today to buy a GM car but still paying the same to buy a German car.
As we know, GM is about to collapse. The question is: For how long the US will be playing the strong dollar game while its industries and economy are collapsing.
The only thing that has not collapsed on the Bush watch is the dollar. I wonder if he can bridge it to the next administration and than……
Oil was driven today down to $56. It’s getting close to the $50 breaking point.

I meant to start a tread titled the Inevitable collapse of the US dollar is near.
I might do it for those who care to know what’s going on since this thread is about the euro and that’s not the topics we are taking about.