Dollar-peso-lats-lits etc

[Rich Weese]

I had originally placed this in athread response to a different thread. I edited it and decided to give it a new thread due to my concern about the following, and wanted it to stand alone. Lits are money of Lithuania-lats are the money of Latvia. Both seemed worth more than ours when I bought Big Macs! The following makes me more nervous. I know our neighbor to the North has seen their dollar surpass ours, yet 8 years ago I was RVing through Canada and playing spectacular golf course for exchage in the $.60 range per our dollar. What happened? Did Canada get really strong?

Now, our neighbor to the south, Mexico?!?!

Update on my concern about dollar being worth squat. Arrived in Cancun yesterday and changed dollars. I received 10.8 pesos per dollar. This is the first time in at least 10 years I can remember getting under 11.

Oh, and how about this. Wal Mart in Cancun (there are 3 or 4 now) Has a sign on the register. They will NO LONGER accept U.S. DOLLARS. Just think about that for a second. A Mexican facility feels so concerned that they won't take OUR currency. Make any sense to you? You may use credit cards, and I imagine they will be charged in pesos and then converted on your statement to dollars.

I'm just trying to say, there is so much loss of wealth and power in the dollar, it scares me. Hope it gets better some way. Rich

[Kevin Yeats]

Supply and Demand

When the Fed keeps the printing presses running day and night, our trading partners soon request (require?) more of those dollars for each of their goods which Americans want to buy.

We are helped that we are not alone in this situation. Many European countries are also facing weaker home currencies.