US Dollar becoming worthless overseas

[midnight armadillo]

http://www.reuters.com/article/ousiv/idUSL1758265520080317

Dollars tough to sell on streets of Amsterdam
Mon Mar 17, 2008 12:51pm EDT

AMSTERDAM (Reuters) - The U.S. dollar's value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands.

"Our dollar is worth maybe zero over here," said Mary Kelly, an American tourist from Indianapolis, Indiana, in front of the Anne Frank house. "It's hard to find a place to exchange. We have to go downtown, to the central station or post office."

A bit more at link...

[gasperc]

1. shit, when the pot dealers turn you away

you know we're fucked

[Rex]

2. Finally, we are seeing the Bush/Cheney factor make its full effect felt.

See what happens when you turn off the rest of the world? They turn YOU off.

Thanks George 'Default' Bush. Special thanks to Big Dick Cheney, who burned secret documents and made this all possible;

'Fuck you Rex, you're just jealous that I'm rich and you're poor. Drink some hemlock, serf.'

[acmavm]

4. bush** & Cheney aren't holding dollars. I bet they invested in

the yuan a long time ago.

[Rex]

5. Well we all know George has a 'place' in South America he can escape to

No telling how much money Cheney has hidden away in taxfree shelters, who knows where. Meanwhile we all suffer for their greed.

[predfan]

3. Congratulations to Grover Norquist, as well..........

remember the quote about reducing government until it was small enough to drown in the bathtub?
Bankrupting your country works about as well, ya think, Grover?

[Qanisqineq]

6. Strange, because it is actually doing better in Korea

The exchange rate for the last year has hovered between $1 = 915 to 935 won. The other day it was 980 won. Today, it is over 1,000 won! I am withdrawing won like crazy today before it goes back down.

[Lone_Star_Dem]

7. Actually, what's happening is the won is falling faster than the dollar

So, since it's falling at a rate faster than the dollar your exchange rate is better.

[Qanisqineq]

8. it's strange that the won is suddenly falling

it's good for me but after the last two years that I've spent in Korea, it is a very sudden and unexpected change.