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Weak US dollar in Poland and other countries...

1 Dec 2006 /  #1
Looking for opinions. I have 100K US dollars. A couple of years ago I could afford many things in Poland. But now the US dollar is very weak! Do you think it will be higher against the Polish zloty soon? IF so, when? How long should I wait?
1 Dec 2006 /  #2
Now with 100K in Poland you are not even well-off. But it isn't because it's not good money but cost of living in Poland is much higher than in the US. You'll buy the same car in the US for 60% of what you'll have to pay in Poland. Not to mention the price of foods, gas, or real estate in big cities.

So you'll but a lot of more goods in the US for 100K than in Poland so if you don't want to decrease your standard of living, I'd suggest to stay in the US.

I don't think USD will increase soon - but that's not a bad thing for American people. Now the world is buying goods from the US, which will make the US economy stronger in the long run.
1 Dec 2006 /  #3
For 100 thousand USD in Poland you'll buy Volksvagen Touareg (well-equipped). In the US you'll pay 50 thousand for exact the same car. Go figure.
2 Dec 2006 /  #4
The way the dollar is falling you might just get a tank of gas and a Starbucks coffee for that amount soon. Better dump it like so many more and get into Euro.
2 Dec 2006 /  #5
The way the dollar is falling you might just get a tank of gas and a Starbucks coffee for that amount soon.

You mean in Poland, right?
Varsovian 91 | 634  
4 Dec 2006 /  #6
PLN 280 000

Buy a nice big plot of land through your Polish wife. Keep it for a minimum 5 years, then build a house on it. Live in it for a few years, then sell. You will have a fortune - the next property boom in Poland is in houses just outside Warsaw.

as for selling your dollars - keep hold of them for now. Here is a forecast for GBP/USD.

Currency Spot (29-11) 1-month forecast 3-month forecast 6-month forecast 12-month forecast
GBP/US$ 1.9515 1.9560 1.9085 1.8105 1.8220
iwona 12 | 542  
4 Dec 2006 /  #7
What about flat in Krakow? I am planing to but flat very soon.
Varsovian 91 | 634  
5 Dec 2006 /  #8
Iwona - someone in the construction business told me that flats would stagnate. I don't know - my take on it is that if you need a place to live, then buy.

Are you renting at the moment or living with your parents?

Of course, the best idea is to marry a rich man with property in several places!
iwona 12 | 542  
5 Dec 2006 /  #9
No, I live in England and we have house ( small but also small mortgage)

I will buy flat in Krakow with my savings as investment ( maybe pension investment) - no mortgage.
hello 22 | 890  
26 Jul 2007 /  #10
It seems the US dollar is starting to re-build. Prices of properties in Poland go down... Not sure how long this trend will be but it looks serious.
joda 3 | 24  
26 Jul 2007 /  #11
Prices of properties in Poland go down

Can you give a little factual information on your statement?
Zgubiony 15 | 1276  
26 Jul 2007 /  #12
I see it being not so good at 2.78.
Here is a trend chart: (as of 24 Jul)
hello 22 | 890  
26 Jul 2007 /  #13
But if you compare to the last few days: Tomorrow it may be 2.82+
Zgubiony 15 | 1276  
26 Jul 2007 /  #14
I don't see a few days making too much of a difference though. It'll always fluxuate a bit. Since Jan 03' is been on a steady decline. There will always be peak months, but still an overall decline. We'll see how long this trend lasts.
hello 22 | 890  
26 Jul 2007 /  #15
OK, but did you hear the news about the stock market in the US today (down about 2.5% in one day). That will make the Polish zloty weaker.
Grzegorz_ 51 | 6139  
26 Jul 2007 /  #16
The problem is that USD is generally getting weaker. PLN to EUR is getting stronger, but slowly, nothing like with USD.
joda 3 | 24  
26 Jul 2007 /  #17
I have to agree with Zgubiony, a few days doesn't make a difference. I have been watching this rise and fall since since "03 and the decline is defintely downward. This decline has a great bearing on us, my wife and I, since we are moving to Poland and will be using our Social Security for living.

But I was talking about the price of housing going down. Maybe Bubba could have some input into this.
joepilsudski 26 | 1387  
27 Jul 2007 /  #18
The US dollar is going bye-bye...the plan for the United States by the 'globalists' is to
set up what is called the 'North American Union' and/or the 'Security & Prosperity
Partnership' where the US, Canada & Mexico will be merged, the US dollar will be collapsed & the new currency will be called the 'Amero' will take about $5-10 to buy

an 'Amero'...this probably wont happen until Hillary Clinton is President...
I think the goal is 2012 at the latest...there you go.
shopgirl 6 | 928  
27 Jul 2007 /  #19
Are you joking? Cause it seems like you are joking! :)
Although.....what would something like that do to the immigration issues! :)
joepilsudski 26 | 1387  
27 Jul 2007 /  #20
No joke...just do some searches on the North American Union or the Securiy & Prosperity
partnership...see, back in 2005 George Bush (US), Vincente Fox (Mexico) & Paul Martin
(Canada) had a meeting in Texas...they signed this, this is totally illegal as Congress must decide on something like this...BUT, Congress is totally paid-off, they have been gradually passing legislation like NAFTA, etc. to put the structure for this all in place...the American people who know about this DONT WANT IT...but most Americans are too busy trying to make ends meet or watching TV, to take notice...the model for this is the EU...but it will be a much more drastic change in the US, because we have had a long run of relative independence & prosperity...the elites are making a big money/power grab & my only question is just what are Americans supposed to when there are no jobs left for them & their money collapses?...a fellow named Jerome

Corsi is a good source on the Web to read about this...Alex Jones, far as immigration, well, this is the reason illegals are flooding in to the US...they work cheaper

than Americans, especially whatever Union labor is left, and thus more profits for the rich
& the destruction of the middle-class...and then they say that Americans don't want to
work anymore!
truhlei 10 | 332  
27 Jul 2007 /  #21
The US dollar is going bye-bye

And what about USA magnificy in the world. USA seems to become Australia with missiles if USD reduces in currency.
Who will respect USA if USD capitulates?
If I were American I would wish its transformation into a big Australia. It is more comfortable and less expensive. But is that the goal of American authorities?
joepilsudski 26 | 1387  
27 Jul 2007 /  #22
The American authorities are only actors in this play...there are other people who are the 'directors'...and I don't know what Australia is looks good in travel guides.
truhlei 10 | 332  
27 Jul 2007 /  #23
Joe I think each sincere Amarican intellectual is interested in the withdrawal of US army and US agressive policy from the rest of the world. According to dates I read in Rissian mass-media young Americans feel more sympathy toward isolationism.

I wonder such a developped country separated from its possible enemies by oceans pays so much attention to military affairs and superpower policy in the world.

People have so much interesting inside.
I wish I visired some day USA fos some two-three months. In your films I saw your mountains in the North near Canada. What a beautiful Nature. And if one is sick by snow in winter he can achive a place there is no snow by car in some hours only. What a wonderful province, little towns American have! I think a new America will come from that province. I think the desobidience to today magnitude will appear in trat rural regions
joepilsudski 26 | 1387  
27 Jul 2007 /  #24
It always comes from the 'peasants' or rural people...the bureaucrats & agitators come from the cities.
truhlei 10 | 332  
27 Jul 2007 /  #25
Joe when, according to your opinion USA will spend all its force expanding over the world? I know it must Happen but when and persecuting which goal?
joepilsudski 26 | 1387  
28 Jul 2007 /  #26
I think it is spent now...there are many patriotic military, at high rank, who are fearful of
what has happened to our military because of Iraq...but remember, soldiers follow orders, and, according to the US Constitution, Bush is commander-in-chief...high ranking

military have much to lose, personally, by opposition to policy...there are about 75000
US/Israeli/other mercenaries in Iraq, commiting & behind many of the atrocities & bombing over there that you hear about every day...these are all 'private contractors'

not US military...but Bush/Zionist policies there make the US military into murderers, op-
pressors & more misadventure like this in the near future, and there
might be a revolt in military, this war disgraces the US in the eyes of
the world.
Zgubiony 15 | 1276  
2 Aug 2007 /  #27
I see it being not so good at 2.78.


Surprise!! It's now at 2.76. Hasn't gotten any better since your post.
jtmWIEN 2 | 24  
3 Aug 2007 /  #28
Dollar is generally getting weaker..

The big problem in the future is OPEC and other oil producing countries are starting to express a desire to shift the price of fuel from dollars to euros now (oil until this point can only be purchased in dollars - an old agreement that secures the worth of the dollar since their is hardly enough gold to back it even partially now) Maybe the real reason to invade Iraq hmm... secure a government that will keep oil exports from Iraq in the dollar (Saddam was expressing a desire to shift the currency).

If the fuel was switched from the dollar to the euro then it is likely China will quit buying US bonds (where most of the US's debt funding come froms) and the US will face some difficult times. All this is could happen but there are too many stages and variables in between to know for sure... but for now the dollar continues to fall because of ill advised wars and political problems.
joepilsudski 26 | 1387  
3 Aug 2007 /  #29
Yes, one US reason to invade Iraq was to prevent Iraq from trading oil in Euros...but,
also to keep oil in the ground...this creates artificial shortage, hence 'Peak Oil' scam,
keeps driving up the price & allows hedge funds to speculate on oil 'futures' driving up
the price even more...did you know that the US, in Alaska, right now, has two oil fields
that are not in production, called Gull Island & Kuparuk, that are both larger than any
Saudi deposits?...the US could be energy self-sufficient just in oil by drilling these fields
for the next hundred years!...but there is a twist: both fields were origininally owned by
ARCO (Atlantic-Richfield) a US company...ARCO sold out to a consortium of BP/Royal Dutch Shell & I believe Chevron...these are multi-nationals owned by EU/Zionist interests...these elements do not want the US energy self-sufficient because they now

can manipulate the price of oil, and also, remember, all OPEC money is funneled through
Rothschild/Rothschild affiliated banks, therefore allowing banks to speculate & use this
money to create control...their plan is global control of commodities & gold...then the US
dollar will be collapsed, replaced by a new currency, backed by said commodities...they
will control the oil, other commodities & the gold, and the new currency...US is puppet
police force of Euro-Zionists.
Zgubiony 15 | 1276  
3 Aug 2007 /  #30
right now, has two oil fields
that are not in production

And hopefully it'll be kept that way ;)

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