Derek M Posted February 24, 2015 Posted February 24, 2015 How does the devaluation of the US$ effect the Thai baht? easy answer less Bahts for $ right? however I am not paid in US$ but in euro. I am more interested in what will happen when/if there is a run on the US$ as the world reserve currency and how will this effect the euro and of course exchange rate in US$ to THB and Euro to THB? what will the likely scenario be if/when the US$ is no longer the world reserve currency for us expats living in Thailand who are paid in US$ or Euro? Thank you kindly in advance for your replies.
Popular Post yankee99 Posted February 24, 2015 Popular Post Posted February 24, 2015 anyone reading this will be dead and buried before your fantasy scenario comes to fruition 24
Popular Post MrWorldwide Posted February 24, 2015 Popular Post Posted February 24, 2015 Why in the name of all this is holy would a strengthening economy devalue its currency ?? Am I missing something here ? 5
Popular Post paddyjenkins Posted February 24, 2015 Popular Post Posted February 24, 2015 Why in the name of all this is holy would a strengthening economy devalue its currency ?? Am I missing something here ? You are missing that the US economy isn't really strengthening, thats just an illusion created by the illuminati and the banksters to fool us all....in fact the US economy is in a deep depression and its currency is about to go to zero. The only way to protect yourself is of course to buy GOLD. The US cant withstand competition from the asians, like that Chinese company called Apple, for example. 8
Rajhulmaheesh Posted February 24, 2015 Posted February 24, 2015 usa isnt strenghting -all other are getting worse. I not understand why GREEK(a drunkard) is able to negotiate from no power at all? They arent willing to do a thing to help themselves.
Popular Post Seligne2 Posted February 24, 2015 Popular Post Posted February 24, 2015 I think the US economy is a Potemkin illusion based on nothing but debt. But I agree with Yankee that it will be awhile. The post-WWII economic system has a lot of inertia going for it. 5
elgordo38 Posted February 24, 2015 Posted February 24, 2015 anyone reading this will be dead and buried before your fantasy scenario comes to fruition For sure.
elgordo38 Posted February 24, 2015 Posted February 24, 2015 Why in the name of all this is holy would a strengthening economy devalue its currency ?? Am I missing something here ? Imports become cheaper exports more expensive. All the companies in the USA that derive a lot of profit from abroad especially Europe Russia Canada Japan are crying foul.
Popular Post elgordo38 Posted February 24, 2015 Popular Post Posted February 24, 2015 Why in the name of all this is holy would a strengthening economy devalue its currency ?? Am I missing something here ? You are missing that the US economy isn't really strengthening, thats just an illusion created by the illuminati and the banksters to fool us all....in fact the US economy is in a deep depression and its currency is about to go to zero. The only way to protect yourself is of course to buy GOLD. The US cant withstand competition from the asians, like that Chinese company called Apple, for example. If the US economy was strengthening the Federal Reserve would be rushing to increase interest rates. They know when the first tranche of interest rates hit the stock market will tank. The stock market is soaking up all those dollars sloshing around in the US economy which creates the false illusion that the US economy is on fire. Too many people have quit looking for jobs, are underemployed living in parents basement, living off of food stamps or working two jobs. They are creating a false illusion of prosperity. Finally Walmart has come forward voluntarily? (to make themselves look like a good Samaritan) and bumped their employee's salaries. Don't hold your breath that the rest of the low paying service companies in the USA will follow suite. Profits reign supreme workers are just tools to be used to increase them. Banks are running out of options to place the bulging vaults full of cash. The banks will again take advantage of this and reduce the interest that they pay us seniors and others. In a couple years we will be forced to pay a parking fee to put our money in the bank. This is already happening in certain countries around the world. Banks, central banks are all interconnected so this feature will be coming to a bank that you deal with in the near future. We sheeple just keep going along with the flock. 13
Popular Post Suradit69 Posted February 24, 2015 Popular Post Posted February 24, 2015 Why in the name of all this is holy would a strengthening economy devalue its currency ?? Am I missing something here ? You are missing that the US economy isn't really strengthening, thats just an illusion created by the illuminati and the banksters to fool us all....in fact the US economy is in a deep depression and its currency is about to go to zero. The only way to protect yourself is of course to buy GOLD. The US cant withstand competition from the asians, like that Chinese company called Apple, for example. "in fact the US economy is in a deep depression and its currency is about to go to zero." Appreciation for your point of view is unlikely when you make irrational comments like this. If the dollar goes to zero how will you price gold and do you plan to pay for groceries with scrapings from you gold? 9
Popular Post t8769 Posted February 24, 2015 Popular Post Posted February 24, 2015 Much of Europe is sliding into decline and permanant recession Russia is facing economic doldrums as its currencty collapses and its financial institutions downgraded Chinese growth has slowed Arabia's citizens are furiously killing each other like never before (what's new) Japan has just tried printing its way out of recession, and failed gloriously Apart from the UK, Israel, Germany and a hand full of other countries, America is in very good shape 5
Popular Post Berkshire Posted February 25, 2015 Popular Post Posted February 25, 2015 anyone reading this will be dead and buried before your fantasy scenario comes to fruition Best answer. This thread really makes no sense, but I do wonder what Derek's (aka OP) agenda is. It never ceases to amaze me how some people keep predicting the demise of the USA. You may have some credibility during the bad times, but not now. The US economy is golden compared to almost everyone else. As for the dollar, something like 80% of all global transactions involve the US$. What's going to replace it? The Yuan? China's economy is a House of Cards. The Yen? Japan's been in a recession for like two decades now. The Euro? Now that's just funny. Guess we're stuck with the dollar! 8
Popular Post NeverSure Posted February 25, 2015 Popular Post Posted February 25, 2015 anyone reading this will be dead and buried before your fantasy scenario comes to fruition Best answer. This thread really makes no sense, but I do wonder what Derek's (aka OP) agenda is. It never ceases to amaze me how some people keep predicting the demise of the USA. You may have some credibility during the bad times, but not now. The US economy is golden compared to almost everyone else. As for the dollar, something like 80% of all global transactions involve the US$. What's going to replace it? The Yuan? China's economy is a House of Cards. The Yen? Japan's been in a recession for like two decades now. The Euro? Now that's just funny. Guess we're stuck with the dollar! You forgot the Rubble, LOL. Actually I don't think the US can withstand a worldwide recession any more than the world withstood a US recession. I think the global economy is too interconnected. The US has wealth, but someone has to be there to buy it. OMG does the US have wealth. Vast forests of timber, coal, oil, 88,000 miles of saltwater shoreline, more cultivated land than any other country, and so much more. Then there are patents and technology owned by corporations. But again, someone has to buy it... There is something called new wealth, and the US produces a lot of it. Turning a seed or a tree seedling into food or lumber is creating new wealth. Mining iron ore and turning into steel is creating new wealth. Further turning that steel into a new car is value added for more wealth. I think the US economy is growing but fragile based on, if nothing else, weaknesses in European and Asian economies. 7
Popular Post ToddinChonburi Posted February 25, 2015 Popular Post Posted February 25, 2015 So your on the Euro trying to start shit about the $, Maybe you take care of yours and I will take care of mine. 4
umbanda Posted February 25, 2015 Posted February 25, 2015 I have to agree with most.... I agree with the ones saying that the US is in recession and going down, because again the corporations are increasing its bank accounts repeating the real estate boom, and manipulating the stock market, until a new crisis. Also creating more wars and more military spending....leading to the big one, because the US is loosing the world dominance. I agree with the ones saying that the US never will go down, because in its way the US corporations will "win" the wars are creating, even a big one, and will keep and strength its control around the world. Because at this moment in time, the US depends totally in imports, and 50% of its population is low income by US standard, the US needs to control cost, and the only way to keep its people "happy" is keeping the dollar strong to keep using other's countries cheap labor and products.. About Thailand. If its stay out of control for any of the players will be OK, and not taking sides with the US or Russia. China will be fool if taking sides too. At the same time Thailand needs to increase its exports and buyers options, and China is the best at this moment, because China economy only can grow with the ongoing "war" US - Russia, and cutting its oil dependency using other energy options in development. China and ASEAN countries will grow sharing technology and with investments, and even more if not get involved in a nonsense war. 1
yankee99 Posted February 25, 2015 Posted February 25, 2015 I have to agree with most.... Because at this moment in time, the US depends totally in imports, and 50% of its population is low income by US standard, the US needs to control cost, and the only way to keep its people "happy" is keeping the dollar strong to keep using other's countries cheap labor and products.. Have to disagree... Although the usa loves cheap Imports it can easily survive on its own resources. I wonder how many other countries could do the same? 2
Emster23 Posted February 25, 2015 Posted February 25, 2015 I think OP has been reading those silly articles listed with "economy" next to it, maybe even writing them. All seem to be like Chicken Little & "The sky is falling" US economy is not in terrific shape, but far better than most other places. 1
umbanda Posted February 25, 2015 Posted February 25, 2015 I have to agree with most.... Because at this moment in time, the US depends totally in imports, and 50% of its population is low income by US standard, the US needs to control cost, and the only way to keep its people "happy" is keeping the dollar strong to keep using other's countries cheap labor and products.. Have to disagree... Although the usa loves cheap Imports it can easily survive on its own resources. I wonder how many other countries could do the same? Brazil is one...it is doing that for the last 30 years....even with oil and gold to give away... and the larger reserve in the world waiting. But.... that....is a secret. OK?
Loptr Posted February 25, 2015 Posted February 25, 2015 As for the OP's question, how will a "collapse" of the USD affect the Euro? My answer is that the Euro will be dead and gone long before the USD rolls over... Best to put assets / wealth into non-volatile, hard assets out of the way of the coming impasse between Oceana and Eurasia blocks... 2
goatfarmer Posted February 25, 2015 Posted February 25, 2015 anyone reading this will be dead and buried before your fantasy scenario comes to fruition Best answer. This thread really makes no sense, but I do wonder what Derek's (aka OP) agenda is. It never ceases to amaze me how some people keep predicting the demise of the USA. You may have some credibility during the bad times, but not now. The US economy is golden compared to almost everyone else. As for the dollar, something like 80% of all global transactions involve the US$. What's going to replace it? The Yuan? China's economy is a House of Cards. The Yen? Japan's been in a recession for like two decades now. The Euro? Now that's just funny. Guess we're stuck with the dollar! In addition, US capital markets are larger than the next three or four combined. There is nowhere for Chinese, Arab and other large investments to go but the US. So the dollar will remain the world's reserve currency come what may. https://qzprod.files.wordpress.com/2014/11/how-the-world-s-stock-exchanges-may-rank-next-year-market-cap_chartbuilder.png?w=640 1
Popular Post reenatinnakor Posted February 25, 2015 Popular Post Posted February 25, 2015 What a weird post, been reading too much conspiracy bullshit or watching too many movies?! If you watch real news then you'll know the Euro will reach parity with the usd before any devaluation of the usd. Yes one day America won't be the dominant force and the usd won't be the defacto currency, but you won't need to worry about that since our Sun will be a white dwarf star already. You win the prize for the weirdest post ever posted on the internet, even more weird than all that illuminati bullshit! 3
TommyUK1960 Posted February 25, 2015 Posted February 25, 2015 The world financial system is all created from debt. At some time it has to pop. no one can tell us when. The general public will be the last to know about it. As for gold it amaze's me how people think you will be able to use gold to buy anything because when the financial system does collapse it will be anarchy and only the fittest survive. I think the EURO will go before the dollar. Greece will get another breathing space this week but the problem has just had a sticky plaster put on it, Greece issues have not been resolved. Then after that we have Italy, Spain the list goes on and on. As for the devaluation of the Dollar against the Thai baht, It means Thailand have a problem exporting as the products get more expensive. Less farlang coming to Thailand to spend money. 1
Popular Post Srikcir Posted February 25, 2015 Popular Post Posted February 25, 2015 Predicting the USA’s immediate economic demise seems absurd in the face of fact: “U.S. Economy Cools in Fourth Quarter, but Consumer Spending Shines,” by Lucia Mutikani, Jan. 30, 2015: - The strength of domestic demand will more than offset the headwinds from abroad, including a slower pace of export growth as a result of the strengthening U.S. dollar - Prices for U.S. Treasury debt rose, with the yield on the 30-year bond hitting a record low. - The dollar was unchanged against a basket of currencies. - Consumer spending, which accounts for more than two-thirds of U.S. economic activity, advanced at a 4.3 percent pace in the fourth quarter - the fastest since the first quarter of 2006 and an acceleration from the third quarter's 3.2 percent pace. - A strengthening labor market are fueling a surge in optimism among households. Inflation pressures were muted in the fourth quarter, with the personal consumption expenditures price index falling at a 0.5 percent rate, the weakest reading since the first quarter of 2009. The USA hardly seems to be gasping its last economic breathe. Thailand would be rise to keep its foreign reserves in USD but it is betting its economy on the yuan – get use to eating Peking duck. 3
NeverSure Posted February 25, 2015 Posted February 25, 2015 -snip- ...the only way to keep its people "happy" is keeping the dollar strong to keep using other's countries cheap labor and products.. LOL. Cars manufactured in the US. (Just as an example.) LINK
Baerboxer Posted February 25, 2015 Posted February 25, 2015 anyone reading this will be dead and buried before your fantasy scenario comes to fruition Best answer. This thread really makes no sense, but I do wonder what Derek's (aka OP) agenda is. It never ceases to amaze me how some people keep predicting the demise of the USA. You may have some credibility during the bad times, but not now. The US economy is golden compared to almost everyone else. As for the dollar, something like 80% of all global transactions involve the US$. What's going to replace it? The Yuan? China's economy is a House of Cards. The Yen? Japan's been in a recession for like two decades now. The Euro? Now that's just funny. Guess we're stuck with the dollar! "Berkshire" - is that you Warren? 1
i claudius Posted February 25, 2015 Posted February 25, 2015 Why in the name of all this is holy would a strengthening economy devalue its currency ?? Am I missing something here ? You are missing that the US economy isn't really strengthening, thats just an illusion created by the illuminati and the banksters to fool us all....in fact the US economy is in a deep depression and its currency is about to go to zero. The only way to protect yourself is of course to buy GOLD. The US cant withstand competition from the asians, like that Chinese company called Apple, for example. Tinfoil ,tinfoil ,going cheap buy it now ,makes great hats
Pinot Posted February 25, 2015 Posted February 25, 2015 anyone reading this will be dead and buried before your fantasy scenario comes to fruition Best answer. This thread really makes no sense, but I do wonder what Derek's (aka OP) agenda is. It never ceases to amaze me how some people keep predicting the demise of the USA. You may have some credibility during the bad times, but not now. The US economy is golden compared to almost everyone else. As for the dollar, something like 80% of all global transactions involve the US$. What's going to replace it? The Yuan? China's economy is a House of Cards. The Yen? Japan's been in a recession for like two decades now. The Euro? Now that's just funny. Guess we're stuck with the dollar! And the only thing to do is buy gold...oh my Buddha. Just to remind the tinfoil hat crowd. If the world goes down the tubes, gold is going to be useless. 7/11 is not going to be accepting gold. It never ceases to amaze me just how paranoid and delusional some of us are. Take a deep breath, swallow your medication and turn off Fox News. 1
MauiSteveBKK Posted February 25, 2015 Posted February 25, 2015 USA Economic Depression? Really? Let's See: - Debt going down. - Lowest unemployment rates in 30 years - Strong GDP - Stock Market new highs. - I own 4 businesses on Maui, Hawaii and can not find employees. - Everyone needs employees in USA. - Home Depot (like many) will hire 20,000+ this year OK. Enough. Pretty funny. Put a little vodka in your FOX NEWS Kool-Ade. 1
CrummyJuggler Posted February 25, 2015 Posted February 25, 2015 USA just completed several years of quantitative-easing (printing money) and the $ is stronger. Conspiracies about dollar collapse don't add up. 1
suzannegoh Posted February 25, 2015 Posted February 25, 2015 The only sensible thing to do is to buy as much gold and ammo as you can. Additional useful survival tips can be found here: http://www.theorganicprepper.ca 1
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