Posted on 03/18/2008 3:08:41 AM PDT by Dutchguy
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."
(Excerpt) Read more at reuters.com ...
I was in an electronics store in lower Manhattan and a couple of German tourists were buying 9 iPods, marveling at how cheap they were.
We’re becoming like Mexico...
ATM machine with ATM card... Duh...
Instant local currency without the big exchange fees.
The Fed is fixing to cut rates again.
They may as well start giving it away.
Well, at least NYC is booming. I’ve never seen so many European and South American tourists in my life. And they’re buying up everything in sight!
Uh ... they are.
WTF
There is some female talking head on fox, a financial analyst.
She is grinning ear to ear that this bear sterns thing is a good thing.
Diverted a collapse of the banks and a depression.
I’m depressed
Yeah, they saved the bank and screwed the shareholders.
This is awful. Bet them darn forners are gonna buy up all of our products and hotel space.
So the shareholders would be better off if the company had been allowed to go bankrupt? Huh?!
They buy the iPods and sell them back in Germany at slightly less than the sticker price, which gives them a fat profit.
I didnt say that
...except a lot of the products they’re buying — Gucci, Cartier, Armani — are made in Europe or Asia. Wacky world, no?
Oh the humanity! This is worse than the Holocaust.
Debt deflation and commodity inflation.
Dual disaster befalls The Debt People.
Did you know that Ipods can be used as a triggering device for rap music? True fact. You should have turned them in.
Naw, I just tell all the Europeans that the A Train is a local.
..and the customs in frankfurt or duesseldorf will be very pleased to meet them.
Are you trying to start another war?
Naw, just expand their horizons. Give them a story to tell when they get home.
It is a giant abyss, and when you fall into it you will scream for years before hitting the bottom.
Have a parachute?
ΜΟΛΩΝ ΛΑΒE
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