Comments on: The Declining US Dollar: Winners And Losers http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/ Startup and Technology News Thu, 24 Jul 2008 22:45:16 +0000 http://wordpress.org/?v=2.5.1 By: Pierre Col | UbicMedia http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1677664 Pierre Col | UbicMedia Tue, 16 Oct 2007 08:37:37 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1677664 Google is stealing money from its non-US customers and partners, especially European ones ! Google Adsense ads are paid by Google to affiliates in declining dollars, but Google Adwords keywords are paid by customers in climbing Euros : doing that, Google increases its revenues, lowers its expenses, then easily boosts is profits. The more the $ will continu to decline, the more Google profits will increase, it is as simple as that ! Will European customers/partners accept that for long ??? Google is stealing money from its non-US customers and partners, especially European ones !

Google Adsense ads are paid by Google to affiliates in declining dollars, but Google Adwords keywords are paid by customers in climbing Euros : doing that, Google increases its revenues, lowers its expenses, then easily boosts is profits. The more the $ will continu to decline, the more Google profits will increase, it is as simple as that !

Will European customers/partners accept that for long ???

]]> By: Rich http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1677379 Rich Tue, 16 Oct 2007 04:32:24 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1677379 Ad 14 - the dollar will turn around like this? http://finance.yahoo.com/charts#chart3:symbol=eurusd=x;range=20001225,20071012;charttype=line;crosshair=on;logscale=on;source=undefined Ad 14 - the dollar will turn around like this?

http://finance.yahoo.com/chart.....=undefined

]]> By: Antonio http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1677147 Antonio Tue, 16 Oct 2007 02:02:49 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1677147 US dollar declines, because the world is punishing USA for the Inside Job 9/11. US dollar declines, because the world is punishing USA for the Inside Job 9/11.

]]> By: luca http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676662 luca Mon, 15 Oct 2007 20:02:58 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676662 New post idea ? Good points, but the idea is not new anyway: http://www.lucafiligheddu.com/2007/10/i-love-shopping-in-the-us.html New post idea ? Good points, but the idea is not new anyway:

http://www.lucafiligheddu.com/.....he-us.html

]]> By: Hard News, Inc. http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676655 Hard News, Inc. Mon, 15 Oct 2007 19:52:27 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676655 <strong>US Dollar Decline Hitting Web 2.0 Biz...</strong> ... US Dollar Decline Hitting Web 2.0 Biz…

…

]]> By: Mike http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676646 Mike Mon, 15 Oct 2007 19:44:58 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676646 "Yahoo and Microsoft will benefit in terms of foreign revenue as well, although neither has the online presence (or marketshare) that Google does." According to Yahoo's website: "As of December 2006, nearly 500 million unique users worldwide visit Yahoo! each month." That sounds like a whole lot of international exposure to me. “Yahoo and Microsoft will benefit in terms of foreign revenue as well, although neither has the online presence (or marketshare) that Google does.”

According to Yahoo’s website: “As of December 2006, nearly 500 million unique users worldwide visit Yahoo! each month.”

That sounds like a whole lot of international exposure to me.

]]> By: CVOS man http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676607 CVOS man Mon, 15 Oct 2007 19:09:28 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676607 @NicolasV yes outsourcing coding is quite popular, imagine if one day the dollar devalues so much that countries start outsourcing programming to the US <a href="http://www.netpaths.net/m/odesk" rel="nofollow">like this one</a>. @NicolasV yes outsourcing coding is quite popular, imagine if one day the dollar devalues so much that countries start outsourcing programming to the US like this one.

]]> By: YM Ousley http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676594 YM Ousley Mon, 15 Oct 2007 18:54:13 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676594 As a US citizen who spends a lot of time in Europe, it's pretty painful to see how fast your money goes when spending in Euros or Pounds. People laugh when I say that I operate on the American peso, but pretty soon that's what it will be worth. As a US citizen who spends a lot of time in Europe, it’s pretty painful to see how fast your money goes when spending in Euros or Pounds. People laugh when I say that I operate on the American peso, but pretty soon that’s what it will be worth.

]]> By: Andrew http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676564 Andrew Mon, 15 Oct 2007 18:28:05 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676564 I feel they feds are lowering the USD so they will not owe as much money for this so called war. If my assumption is true this is pretty smart. I feel they feds are lowering the USD so they will not owe as much money for this so called war. If my assumption is true this is pretty smart.

]]> By: Anif http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676545 Anif Mon, 15 Oct 2007 18:08:19 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676545 Chirs #45, you are correct, except the US Dollar Accounts in Canadian Banks does not exist for only Business Customers, it is available for personal accounts as well. I have one with CIBC, infact, I have had it for almost 5 yrs now. Luckily for me, before I cam over to the US in Jan i withdrew eevrything in there leaving only $1. Luckily that was a bloody smart move, or else I would have wept knowing how worthless my $US is in my Canadian Bank. As per BillyWarhol #58 - I agree with you as well. A number of people I know are rejoicing over the little things like coming here to the US to shop with is nice and all. But the fact is, I think it will deeply hurt Canadians in the end, because we rely heavily on business with the US. Chirs #45, you are correct, except the US Dollar Accounts in Canadian Banks does not exist for only Business Customers, it is available for personal accounts as well. I have one with CIBC, infact, I have had it for almost 5 yrs now. Luckily for me, before I cam over to the US in Jan i withdrew eevrything in there leaving only $1. Luckily that was a bloody smart move, or else I would have wept knowing how worthless my $US is in my Canadian Bank.

As per BillyWarhol #58 - I agree with you as well. A number of people I know are rejoicing over the little things like coming here to the US to shop with is nice and all. But the fact is, I think it will deeply hurt Canadians in the end, because we rely heavily on business with the US.

]]> By: rxbbx http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676525 rxbbx Mon, 15 Oct 2007 17:57:04 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676525 Its just sad... US tries to stay alive with their rates and low $... This takes too long. @Vit Fargas (45) Well said.. "but they deserve it" nobody deserves a crisis but its just bad economics, bad politics. Its just sad… US tries to stay alive with their rates and low $… This takes too long.

@Vit Fargas (45)
Well said.. “but they deserve it” nobody deserves a crisis but its just bad economics, bad politics.

]]> By: BillyWarhol http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676504 BillyWarhol Mon, 15 Oct 2007 17:38:11 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676504 I was just talking about this to my Brother-in-Law from South Dakota who came up for Canadian Thanksgiving* I Laff at stoopid Canadians (myself included) who Think this is great for us* It sucks - we need to Sell as much of our Natural Resource crap to the USA as possible for the JOBS here! Not the drop in the Bucket we save going to Vegas to Party our Asses off for a lousy Weekend of Fun!! ;)) I do hope this means more Fat French Quebecois in their Speedos invading La Florida fer the Winter!! Peace* I was just talking about this to my Brother-in-Law from South Dakota who came up for Canadian Thanksgiving* I Laff at stoopid Canadians (myself included) who Think this is great for us* It sucks - we need to Sell as much of our Natural Resource crap to the USA as possible for the JOBS here! Not the drop in the Bucket we save going to Vegas to Party our Asses off for a lousy Weekend of Fun!! ;)) I do hope this means more Fat French Quebecois in their Speedos invading La Florida fer the Winter!!

Peace*

]]> By: Kango Traveler http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676466 Kango Traveler Mon, 15 Oct 2007 17:13:04 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676466 One of the big losers in this equation is Americans who wish to travel, but there are still a few counties, like Indonesia where the dollar is pegged to US currency, places like these are still very attractive to US travelers, personally Bali is a wonderful place to be. One of the big losers in this equation is Americans who wish to travel, but there are still a few counties, like Indonesia where the dollar is pegged to US currency, places like these are still very attractive to US travelers, personally Bali is a wonderful place to be.

]]> By: Ian http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676439 Ian Mon, 15 Oct 2007 16:50:35 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676439 I find it amusing how all the armchair economists ans US bashers come out on posts like this. I work in investment management and this whole article and the comments are overly simplistic and ignorant. I find it amusing how all the armchair economists ans US bashers come out on posts like this. I work in investment management and this whole article and the comments are overly simplistic and ignorant.

]]> By: phenom http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676421 phenom Mon, 15 Oct 2007 16:38:59 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676421 Thanks for the incomplete information. http://vidsonly.blogspot.com Thanks for the incomplete information.

http://vidsonly.blogspot.com

]]> By: Al Manc http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676385 Al Manc Mon, 15 Oct 2007 16:09:39 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676385 You are correct. Americans have long made fun of their counterpart trading buddies. It's too bad - each is very much dependent on the other. However, resource-rich Canada is looking like the mightier partner in these times. Once they figure out how to [inexpensively] turn those oil sands into oil, the CDN economy [and dollar] will explode. A sad day for the US dollar - hedge yourself, buy gold or spread your currency risk around and sell your good ol' greenbacks! You are correct. Americans have long made fun of their counterpart trading buddies. It’s too bad - each is very much dependent on the other. However, resource-rich Canada is looking like the mightier partner in these times. Once they figure out how to [inexpensively] turn those oil sands into oil, the CDN economy [and dollar] will explode. A sad day for the US dollar - hedge yourself, buy gold or spread your currency risk around and sell your good ol’ greenbacks!

]]> By: Anand http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676371 Anand Mon, 15 Oct 2007 15:53:37 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676371 The IT companies in India are not the only losers, their employees too are. New recruits shall now be paid much less than before. In fact, there is also talk of the companies reducing their intakes.. You might say IT companies losing out and employees losing out are the same. But then, now I fall in the second category, and wonder where I will go for a job next year :( The IT companies in India are not the only losers, their employees too are. New recruits shall now be paid much less than before. In fact, there is also talk of the companies reducing their intakes..

You might say IT companies losing out and employees losing out are the same. But then, now I fall in the second category, and wonder where I will go for a job next year :(

]]> By: Nadir http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676367 Nadir Mon, 15 Oct 2007 15:50:08 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676367 You forgot to include me in the Winners' list :) I'm based in France and I love buying stuff on US sites, I get clothing for so cheap now! You forgot to include me in the Winners’ list :) I’m based in France and I love buying stuff on US sites, I get clothing for so cheap now!

]]> By: Derrick http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676358 Derrick Mon, 15 Oct 2007 15:33:33 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676358 16. Tim, totally agree. I blogged about this a few weeks ago since my wallet has been consistently getting short changed over the past year while the US dollar declined. http://www.dgrigg.com/post.cfm/09/25/2007/Par-dollar-price-gouging-and-competitive-balance Big losers: Canadian retailers who are importing goods from the US at par but charging considerably more than US retailers. 16. Tim, totally agree. I blogged about this a few weeks ago since my wallet has been consistently getting short changed over the past year while the US dollar declined.

http://www.dgrigg.com/post.cfm.....ve-balance

Big losers: Canadian retailers who are importing goods from the US at par but charging considerably more than US retailers.

]]> By: Gold http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676357 Gold Mon, 15 Oct 2007 15:33:27 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676357 US is the biggest consumer in the world and many industries in countries like China are based on US consumption.All paper currencies will be finally affected The age old standard of Gold backed currencies was long abandoned . Gold has now risen from $300 to $740. US economy is in stalemate position.Raise the interest rates and there will be a big housing slump affecting consumer speding. cut interest rates and US dollar will fall + inflation will rise. US is the biggest consumer in the world and many industries in countries like China are based on US consumption.All paper currencies will be finally affected
The age old standard of Gold backed currencies was long abandoned .
Gold has now risen from $300 to $740.
US economy is in stalemate position.Raise the interest rates and there will be a big housing slump affecting consumer speding.
cut interest rates and US dollar will fall + inflation will rise.

]]> By: Steve Ballmer http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676308 Steve Ballmer Mon, 15 Oct 2007 14:53:02 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676308 I hate that graphic! Never show burning money! http://fakesteveballmer.blogspot.com I hate that graphic!
Never show burning money!

http://fakesteveballmer.blogspot.com

]]> By: Bira Rai http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676251 Bira Rai Mon, 15 Oct 2007 13:43:23 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676251 here's a summary of why the US dollar is on the decline 1. in order to fund the war, congress goes to the federal reserve and "borrows" 5 billion dollars 2. federal reserve starts up the printing presses and prints 5 billion dollars, US currency no longer backed by gold reserves 3. the federal reserve "lends" the 5 billion to the US government 4. US government goes out and pays everyone involved in the war RESULT over supply of US currency in the market lowers purchasing power of US consumer increase inflation, this is a hidden tax to consumers pretty soon US greenback will be at parity with monopoly money SOLUTION federal reserve should stop printing money BiraRai here’s a summary of why the US dollar is on the decline

1. in order to fund the war, congress goes to the federal reserve and “borrows” 5 billion dollars

2. federal reserve starts up the printing presses and prints 5 billion dollars, US currency no longer backed by gold reserves

3. the federal reserve “lends” the 5 billion to the US government

4. US government goes out and pays everyone involved in the war

RESULT
over supply of US currency in the market
lowers purchasing power of US consumer
increase inflation, this is a hidden tax to consumers
pretty soon US greenback will be at parity with monopoly money

SOLUTION
federal reserve should stop printing money

BiraRai

]]> By: Chris http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676241 Chris Mon, 15 Oct 2007 13:28:49 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676241 Dudes, I give you guys such good ideas in the forums, the least you can do is hire one of our guys to supe up your Wordpress blog, so it's unique and scales with the large volume of users you have here. Dudes, I give you guys such good ideas in the forums, the least you can do is hire one of our guys to supe up your Wordpress blog, so it’s unique and scales with the large volume of users you have here.

]]> By: Chris http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676239 Chris Mon, 15 Oct 2007 13:25:55 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676239 Sorry, typo, that should read: "An account in Canadian dollar funds in the US would be unheard of, but here in Canada all banks offer USD accounts for business customers." Sorry, typo, that should read:

“An account in Canadian dollar funds in the US would be unheard of, but here in Canada all banks offer USD accounts for business customers.”

]]> By: Chris http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676237 Chris Mon, 15 Oct 2007 13:24:59 +0000 http://www.techcrunch.com/2007/10/14/the-declining-us-dollar-winners-and-losers/#comment-1676237 Canadian companies worth more than a few thousand dollars have US Dollar accounts at Canadian banks. Unfortunately. So they lose too. An account in Canadian dollar funds in the US would be unheard of, but here in Canada all banks off USD accounts for business customers. Lots of businesses up here have American dollars rotting in those accounts. I am 100% positive that the US govt, reserve bank engineered this to stimulate the American economy out of a mini-depression after the high-risk loan plunge. They wanted to stimulate exports, and hacked the exchange rate. (because nothing else was working) This didn't work either, and they lost people tens of thousands of dollars. Canadian companies worth more than a few thousand dollars have US Dollar accounts at Canadian banks. Unfortunately. So they lose too.

An account in Canadian dollar funds in the US would be unheard of, but here in Canada all banks off USD accounts for business customers. Lots of businesses up here have American dollars rotting in those accounts.

I am 100% positive that the US govt, reserve bank engineered this to stimulate the American economy out of a mini-depression after the high-risk loan plunge. They wanted to stimulate exports, and hacked the exchange rate. (because nothing else was working)

This didn’t work either, and they lost people tens of thousands of dollars.

]]>