Weak Dollar Killing Euro WMs?

[Opti]

Great Advice Swedguy and Andre!!


Also, if you are looking to switch to a sponsor that pays in Euros... it isn't going to make you more money if that sponsor bills people and calculates your payments in US dollars before converting that figure to Euros.

(and I "think" sexmoney does it this way... Forest?)

[stuveltje]

a dollar accound is great.not in the netherlands at my bank, freaken greedy nutheads ( my bank) the cost are hugeeeeeeeeeeeeeeeeeeeeeeee............i think i start my own bank that would be better i am still in shock when i found out the cost they charged for a 500 bucks cheque, 25 euro for the cheque and 25% of the amound of the cheque dealing with it, well you think for yourself how i reacted at that bank

[SirMoby]

Originally posted by Useless Warrior
I realize that it is horribly un-American for me to say this, but I'm not known as a great patriot anymore. Why the hell doesn't the rest of the world just gang up on us and bring us to our knees? Why not try some sanctions and trade embargos? Come on guys, you can do it! It would make the whole world a much better place.

China and Japan own about 40% of the current US debt with a large portion controlled by their central banks. Indian owns more and more of our data infrastructure. Japan makes many of the needed parts in guidance systems so we can't fight a war without them any more.

If we're not careful it won't take a bunch of countries to destroy our economy. Of course our politicians say they won't because we're helping build thier economies but as the Euro grows stronger then automataclly Europe becomes a better trade partner. Today we consider these countries friends but yesterday was different and tomorrow may be different again.

I think the EU may need to drop the value of the Euro a bit in order to increase thier exports but that's going to take a lot of effort. The world just doesn't have confidence in our current economic plans.

[swedguy]

Originally posted by stuveltje
a dollar accound is great.not in the netherlands at my bank, freaken greedy nutheads ( my bank) the cost are hugeeeeeeeeeeeeeeeeeeeeeeee

Get one in another bank/country. You can cut both your exchange costs and the cost for cashing checks.

[stuveltje]

Originally posted by SirMoby
China and Japan own about 40% of the current US debt with a large portion controlled by their central banks. Indian owns more and more of our data infrastructure. Japan makes many of the needed parts in guidance systems so we can't fight a war without them any more.

If we're not careful it won't take a bunch of countries to destroy our economy. Of course our politicians say they won't because we're helping build thier economies but as the Euro grows stronger then automataclly Europe becomes a better trade partner. Today we consider these countries friends but yesterday was different and tomorrow may be different again.

I think the EU may need to drop the value of the Euro a bit in order to increase thier exports but that's going to take a lot of effort. The world just doesn't have confidence in our current economic plans.

yep alot of people and companies in europe thinks the same only the eu top itselfs thinks not, they said themselfs....the strong euro stops the grow of the european economy....some countries think even that getting their old valuta back is better....for real i think the same, because all went bad the time we have got the euro

[RawAlex]

As an Canadian webmaster, I can say without a doubt that getting a 40% cut in net income (canadian dollars) blows chunks. While my expenses (like servers, content, domains) is all calculated in US dollars, my other expenses (like computers, electricity, housing, food, and everything else in life) is done in Canadian dollars. It has certainly changed my approach on some things.

I have been actively looking for sponsors that pay in Euros, and that handle european traffic better. The US porn market isn't as strong as it was a few yers ago, and the change in the exchange rate has made it significantly LESS profitable.

The US is working to pump up it's own economy by making it harder for imports to be competitive. This leads to more factor jobs in the US, which makes Bush look good. In the end, it just means that all the things american love (like electronics, clothes, and whatnot) are more expensive, and there are more minimum wage jobs out there in manufacturing stuff that would have been done in china otherwise.

I don't expect to see the dollar recover much for the next 6 - 12 months.

Anyone got some good Euro payout programs to recommend?

Alex

[SirMoby]

Originally posted by RawAlex
I don't expect to see the dollar recover much for the next 6 - 12 months.

Does the number 1.50 mean anything to you? Probably be there by the end 2006. The dollar can't make a come back until the US has an economic plan that creates US jobs and lowers typical expenses. That may not be on the agenda of this administration.

[RawAlex]

Sir Moby, you are correct. The current administration is using the same techniques that Ronald Reagan used, the old "voodoo economics" (they call it trickle down). The theory is you cut taxes for the rich, and they hire more people and spend more money, which drives the economy.

Sadly, most rich people spend the same regardless, so a change in their taxes only serves to raise the US debt, lower the value of the US bonds, and as a result, lower the value of the US dollar.

it is doubly worse this time because the decreases in tax revenue has been matched with totally insane increases in spending (certainly due to 9/11, followed by the wars in Afghanistan and Iraq) that have left the US reeling. Normally the trick for the republican president is to ignore this for his entire term, lumping the "pay the tab" part onto the next democratic leader, who will then be labeled a "tax and spend" liberal - no realizing that the expenses were generated by the conservative republican that came before him.

There is very little indication that the US will do anything in the next couple of years to help the situation, except perhaps to push the interest rates up slightly to stop the dollar from falling much past the 1.4 or 1.5 euro level. That will still be a VERY painful level for most businesses, and will certainly have effects for all webmasters outside of the US getting paid in US dollars.

We really do need a good list of Euro payment sponsors!

Alex

[ForestL]

Originally posted by Opti
Great Advice Swedguy and Andre!!


Also, if you are looking to switch to a sponsor that pays in Euros... it isn't going to make you more money if that sponsor bills people and calculates your payments in US dollars before converting that figure to Euros.

(and I "think" sexmoney does it this way... Forest?)

Yes Opti!

we do pay in euros and calculate in euros to dollars