Hijexx wrote:
k wrote:
Currency exchange outlets in Amsterdam won't to trade US dollars for euros because the value of the dollar is dropping so quickly they're afraid of losing money, even with the outlandish vigorish the sleazy little joints usually tack on.
We are so fucked.
This is kind of alarmist. At the moment we are actually a little better against the pound right now than we were a few weeks ago. So what if some private enterprises in Amsterdam won't accept the dollar? I don't necessarily have to accept them either, no one is forcing me to.
Read someone at the IMF saying they believe the Euro is overvalued recently.
It's all relative.
I am concerned that we have the Fed pumping up our money supply unchecked and without M3 stats we can't really tell the extent, but the Amsterdam thing doesn't really phase me.
I mostly got a kick out of the irony of a person from Indiana complaining that they can't exchange U.S. dollars conveniently in Amsterdam. Imagine trying to exchange Euros in Indianapolis! You'd be lucky if you could even do it at the airport!
