With the British £ being so strong against the US $ at the moment, I have decided to put a hold on all of my earnings from Google until things calm down a little.
last year I was getting a rate of £1.00 for every $2.00 approx now I am losing 10 pence on every $2.00, which works out at about 21 cents, it could be a while before it changes and it may never change.
playing the waiting game will be fun and I hope it takes a while for the dollar to fight back, because I will keep the hold on my payments until then, the longer the better lol, I may need an armed escort when I finally recieve a payment from google. I feel like an investor.....jimmy
I have the same problem, but I have a feeling it will be some time before the dollar returns to the sort of levels you are talkng about and as far as I can tell, google pays no interest so you might as well get the money and put it in an interest bearing account somewhere.
Or pay Paul a visit
REAL Money Is Inflation Proof
Your Liberty Dollar Solution
Gold and Economic Freedom by Alan Greenspan in 1966
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
http://hubpages.com/hub/Gold_and_Econom … an_in_1966
According to some Gold could go to 30000$ though I think it's exaggerated : 3000$ would be already a huge jump
Bankruptcy of US has occured in 1934:
"....This nation is bankrupt; every State in this Union is bankrupt; the people of the United States, as a whole, are bankrupt. The public and private debts of this Nation, which are evidenced by bonds, mortgages, notes, or other written instruments about to about $250,000,000,000, and it is estimated that there is about $50,000,000,000 of which there is no record, making in all about $300,000,000,000 of public and private debts. The total physical cash value of all the property in the United States is now estimated at about $70,000,000,000. That is more than it would bring if sold at public auction. In this we do not include debts or the evidence of debts, such as bonds, mortgages, and so fourth. These are not physical property. They will have to be paid out of the physical property. How are we going to pay $300,000,000,000 with only $70,000,000,000?"
I have a paypal a/c in my country New Zealand, it shows 2 currencies US$ and NZ$ - I assume it would be the same for those with UK based currencies. I find that the US$ balance can be used to purchase stuff in US$ e.g. ebay whatever - handy saves the foreign exchange charges. Unfortunately I think adsense mails a check ? Paypal seems the best way to be paid if play the forex market a bit
Because of terrorists, most US ebayers will not ship outside the US now.
Mark Knowles wrote:
Que - what logic is there to that? Most ebay sellers don't have the goods in the US anyway!
I can understand US ebayers being reluctant to buy from outside the US, in case they open a package and blow themselves up. But if they're selling and sending stuff out, what possible risk could they be running?
I sell on eBay and the terrorism thing has affected me. I will only sell into the US if I can send the item by ordinary post. If it's too big and has to go by courier, I can't pack it myself any more - it has to be packed and certified by the courier company, and that costs so much it's uneconomic for the buyer.
I'm like Lissie - I receive payments from overseas buyers via Paypal, and tend to leave it there to pay for purchases. I rarely buy anything on eBay, but my husband does - and incidentally, he's purchased several items from the US recently, and received them no problem.
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Our meltdown can also be understood. This is must see. All hubbers need to take the time to watch this video:http://video.google.com/videoplay?docid … 0256183936
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And what does it mean for us?
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Will paper money be replaced and the current banking system changed?Write a hub on the how the banking system in the Western hemisphere might change and how that will effect today's paper money system.
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