You think that it's leftist to oppose slant-eyed furriners buying American iconic landmarks...This is called, revisionist history.
That was related to the trade deficit permanently exploding when Reagan started exporting American industry overseas. Reagan really had little to do with it. That was the CIA's policy, to spread capitalism. Later, they brought in Clinton because he was the only Democrat who favored NAFTA, which had the same goal.
The entire US trade deficit with the world was $80B when GHW Bush left office. The trade deficit with China alone was $80B when Clinton left office. So, do you think there are alien corpses at area 51 too?
I inserted the word "permanently" because the effect was permanent. Democratic presidents have been unable to untangle themselves from embedded policies started by Republican presidents. For example, Little Bush tripled the cost of the intelligence agencies, and for some strange reason, Obama has been much slower than Clinton was to bail Bush out of the ensuing budget deficits. Republican changes are dug-in, permanent, and irreversible.
Since you asked, $1 is currently worth about 15 pesos. Easily the highest it's been in the past 5 years. Have fun--bring us back something nice.
This is great news for me, my summer Euro trip is getting cheaper and cheaper! http://www.cnbc.com/id/102317612#.
Nice! Last time I went I just used dollars as my currency. I'll have to convert some to pesos this time!
Euro value is down to about $1.06, apparently reaching a 12-year low. Prior to the recent plunge, it hadn't even been at $1.20 since June 2010. This article indicates that the dollar is presently on its biggest surge since the mid-'90's. Hey donkiez--you gonna buy euros now, or keep waiting?
Haha this is great news for me and Ive been following these events. My trip to Europe is on sale big time! We are approaching a twelve year low and could even be trading at parity by the time I go. Fucking awesome! To answer your question though, Im booking and paying for as much as I can right now with my tax money and to secure my discount, but Ill wait till I get there to change any spending cash. By the way we settled on Paris-Venice-Rome-Barcelona-Amsterdam. In other news I seem to have an odd connection to big vacations and strong currency in my favor. I traveled backpacked SE Asia in the late 90's, lived in Tokyo around the same time (japanese currency was strong then and I was converting to USD). South America in 2009 and now Europe this year. Its becoming more than coincidence, when I plan my next trip Ill let you all know where the next crash will be.
The dollar isn't increasing in value, it only worth about a nickel on the dollar of 50 years ago. Other currencies are being depreciated to cover for their slowing economies. To get you to buy more of their stuff. Not sure how that can continue to work though, hell we don't make much, so who are they under cutting? China? Heck, they are doing the same thing. The US dollar is the world's reserve currency, in spite of the Feds actions over the past few years. The dollar hardly deserves the position but look at the actions of the controller of the contender currencies! Euro's in contention with the value of the Wan for your purchasing attention, devaluing in relationship to the dollar and we don't make shit! It doesn't make finite sense to me, I can't figure out how it can continue. It might continue to work if we (American) gets back into production instead of trading trinkets. Perhaps a real econ (Sweet Water) can explain this machine.
