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Niotex
The Phantom Canine
Joined: Sun Jun 08, 2003 1:54 pm
Status: Simply Insane
Location: Netherlands
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Post by Niotex » Tue Jan 30, 2007 1:17 pm

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Decoy the Lion Hunter and Niotex the Partime Bum.

Have come to the conclusion that we are missing out on some good times. This is due to this strange "restriction" that has bin enabled on our accounts. We have absolutely no idea how to fix this.

Oke so I'll be honest with you the real reason why we are forced to take this step. (One could also go to the bottom of the post and see a summery) Its all due to the gradual decline of the dollar in the foreign currency. Markets in recent weeks could pose a threat to the economy. What Trichet was also trying to broadcast is that the ECB has recognized and is aware of the threat.

Nevertheless, the European Central Bank in Frankfurt again increased its key interest rate on Thursday by a quarter percentage point to 3.5 percent, which makes the euro more attractive to international investors. The central bankers had no choice but to take the step, having already announced their intentions weeks ago.

Experts have been predicting for some time that the dollar would eventually go into a nosedive, and now that time seems to have come. The US currency has lost five percent of its value against the euro since late October, and 13 percent since the beginning of the year. The euro is currently fluctuating around a value of $1.33, which is only 3 cents away from its all-time high in 2006. And yet Trichet's counterpart Ben Bernanke, the chairman of the US Federal Reserve, has done nothing but look on as the dollar plunges.

Because the US government was unable to fall back on the savings of its citizens, it too was forced to finance its budget deficit with foreign capital. Both consumer spending and the federal deficit kept the dollar high, because the rest of the world was practically scrambling to invest in the United States.

This phase seems to have come to an end, at least for the time being. "There are fundamental weaknesses in the American economy. This could not continue in the long term," says Alfred Steinherr, chief economist at the German Institute for Economic Research (DIW).

The perils of a currency crash are not nearly as great as they were in the days of the dollar's absolute dominance 30 or 40 years ago. Globalization has led to the development of a number of growth centers in the world economy which share the burden of turbulence. Now are the days when an American finance minister could cry: "The dollar is our currency, but it's our problem."

See?

So since its aparently your problem. Can someone slide us some of these dollar thingy's?

<Decoy> Yeah
<Decoy> I'll get you back ont he 7th of never
<Decoy> dom poesface

What he said :D
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Ileia
WHAT IS PINK MAY NEVER DIE!
Joined: Mon Aug 09, 2004 12:29 am
Status: ....to completion
Location: On teh Z-drive, CornDog
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Post by Ileia » Tue Jan 30, 2007 1:21 pm

My offer still stands. Get me sexual favors from your mothers.
:cupcake: :cupcake: :cupcake: :cupcake: :cupcake: :cupcake: :cupcake: :cupcake: :cupcake: :cupcake:

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Minion
Joined: Sat May 22, 2004 10:16 pm
Location: orlando
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Post by Minion » Tue Jan 30, 2007 1:25 pm

give me molly.
KioAtWork: I'm so bored. I don't have class again for another half hour.
Minion: masturbate into someones desk and giggle about it for the remaining 28 minutes

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