Beat - The US Dollar

Brocken · #1 10-30-2007, 12:15 PM

I don't mind... by the time I'm a big time poker pro my bankroll will be huge, in dollars, and the dollar will have gone back to £1.50 [img]/images/graemlins/tongue.gif[/img]

leo. · #2 10-30-2007, 01:26 PM

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I don't mind... by the time I'm a big time poker pro my bankroll will be huge, in dollars, and the dollar will have gone back to £1.50 [img]/images/graemlins/tongue.gif[/img]

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Trust me the dollar is going to continue to weaken, stars and full tilt players will see their bankrolls become more worthless.

jj12 · #3 10-30-2007, 01:38 PM

short it

AKA Squared · #4 10-30-2007, 02:16 PM

The amazing thing here is watching all the non-American posters gloat. I guess basing your national pride on exchange rates is one of those things every country in the world except America is into, like soccer or the metric system. Wonder how long it takes before you all break out in howls of impotent rage: "But, you're humiliated! You lost your life savings! How dare you not notice!"

Iq75 · #5 10-30-2007, 02:47 PM

[ QUOTE ]
The amazing thing here is watching all the non-American posters gloat. I guess basing your national pride on exchange rates is one of those things every country in the world except America is into, like soccer or the metric system. Wonder how long it takes before you all break out in howls of impotent rage: "But, you're humiliated! You lost your life savings! How dare you not notice!"

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Maybe you did not notice but OP does not seem very happy about the fact that the US dollar is becoming weaker and weaker. Same goes for most of the nonUS poker players i would guess.

It would be great if Party chanced the currency in the real money tables for euros (we could still use the $'s as a substitute for play money). It sucks so much that my roll is constantly taking hits because the US cant keep their economy in balance. Not to mention that i'm sliding down in stakes because of this.

PBJaxx · #6 10-30-2007, 03:01 PM

Meh, you don't pay taxes on your earnings, right? Ill trade you situations.

yteba · #7 10-30-2007, 03:01 PM

[ QUOTE ]
The amazing thing here is watching all the non-American posters gloat. I guess basing your national pride on exchange rates is one of those things every country in the world except America is into, like soccer or the metric system. Wonder how long it takes before you all break out in howls of impotent rage: "But, you're humiliated! You lost your life savings! How dare you not notice!"

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As a non-american poster, I agree its obnoxious.
Claiming americans are above this type of behaviour may be a bit rash though, I mean have you never heard an american crack a joke about Zimbabwan inflation or similar?

AKA Squared · #8 10-30-2007, 03:10 PM

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As a non-american poster, I agree its obnoxious.
Claiming americans are above this type of behaviour may be a bit rash though, I mean have you never heard an american crack a joke about Zimbabwan inflation or similar?

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Nope.

Other countries losing wars, sure.

BTW, if there's any more domestic inflation than usual, I haven't noticed it. Which probably means this is purely an artifact of the currency markets; either the dollar was overvalued before or it's undervalued now.

DoTheMath · #9 10-30-2007, 04:09 PM

[ QUOTE ]
BTW, if there's any more domestic inflation than usual, I haven't noticed it. Which probably means this is purely an artifact of the currency markets; either the dollar was overvalued before or it's undervalued now.

[/ QUOTE ] LOL. There are more factors than domestic consumer inflation that affect the value of a currency. Ratio of foreign debt to GDP comes to mind.

oyvindgee · #10 10-30-2007, 06:38 PM

[ QUOTE ]
[ QUOTE ]
BTW, if there's any more domestic inflation than usual, I haven't noticed it. Which probably means this is purely an artifact of the currency markets; either the dollar was overvalued before or it's undervalued now.

[/ QUOTE ] LOL. There are more factors than domestic consumer inflation that affect the value of a currency. Ratio of foreign debt to GDP comes to mind.

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Interest rates. I think Norway is one of very few countries who still projects interest hikes. Add that to fed slashing theirs and I'm getting screwed worse than any of you.