Exchange Rates

[SirMoby]

You may have noticed that the US congress in a totally bipartisan vote decided to increase the US debt even further then it is now. Combine that with the current economic plan and the dollar is going to fall even further for the next 2 years or so.

Of course we may sell more memberships to European based surfers and that will help but not totally compensate for the weak buck. Of course US webmasters might be thinking that it won’t affect us but Japan and China are picking up more of our debt and we have a huge trade deficit with them. That means inflation may make the dollar worth less here as well.

I know it hurts badly over seas but it’s probably going to start hurting here pretty soon.

Of course they’re going to move social security off the books and 3 years from now start telling Americans that they cut the deficit. As this past election showed, the majority of Americans just might believe it.