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From: Gary Mertl (no email)
Date: Mon Dec 13 2004 - 13:42:56 EST
Dwight,.
Can you supply substantiation for these claims... Or is this just musing on
your part?
Gary
----- Original Message -----
From: "Dwight Yachuk" <>
To: <>
Sent: Monday, December 13, 2004 10:15 AM
Subject: RE: [world-cruising] Declining value of the USD & effects on
cruising?
>
> Hello Lynn,
>
> That's quite a list of concerns.
>
> Here are a few comments from a Canadian.
>
> The USD is in delcine. The last refuge of the scoundrel king is to debase
> his currency in which his debts must be paid. After that no one will lend
> him money anymore.
>
> The USD once was the world currency. Many nations held USD's as it was as
> secure and more liquid than gold. The Euro is fast overtaking the USD.
> The Chinese yuan will also become a world currency, abet that is 20+ years
> off.
>
> When will the USD decline reverse itself? It will not. Yes there will be
> currency flucuations over the years but the USD is in a state of decline
> that will see it reach par and then fall below the value of the $Cdn.
>
> What does this mean for US cruisers? Nothing if you cruise in the US.
> Also, probably not much in the caribbeans where USD's are accepted. Some
> price increases possibly, but the USD won't be replaced by the $Cdn
> although the euro could make some inroads.
>
> Move to a different country? Unless you have some professional skills in
> great demand. Moving and starting over at that age is very stressful.
> Economically you'd never gain it back.
>
> My suggestion is to consider retiring in a third world country (on your
> boat). You can live quite comfortably in the islands on $1000US a month.
> Many people live for three months on that amount. Pick up a skill like
> servicing engines, or mending sails or cutting hair and you'll always have
> someone in need of your services.
>
> Good luck
>
> dwight
>
> Having said all that, the US is the greatest nation on this planet. Once
> government spending is under control the US dollar could make a comeback.
> But I don't think it'll be in our lifetimes.
>
> -----Original Message-----
> From: lynn stone [mailto:]
> Sent: Monday, December 13, 2004 12:57 PM
> To:
> Subject: [world-cruising] Declining value of the USD & effects on
> cruising?
>
>
>
> This last weekend I think I heard that the USD is now
> converting at the rate of $2.00USD to 1 Pound and
> $1.40USD to 1 Euro. It wasn't so very long ago that
> the Euro cost $.86USD when it came into being (as I
> remember) and the Pound was about $1.50USD. People in
> the US are no longer said to be going to Europe or
> buying goods from there as they once were (unless they
> are independently wealthy). I can only think that the
> rapidly declining USD is also having a similar effect
> in the Carribean, Central America, South America, the
> South Pacific, and just about every other place in the
> world.
>
> Certaily _not_ everyone on this list is U.S. american
> and certainly some of you U.S. americans are cruising
> in other parts of the world than the U.S. My question
> is: how has/is the rapidly decling USD effected(ing)
> your cruise and cruising plans? How are you coping?
> Only anchoring and just taking in those
> businesses/sights immediately available on shore or
> what?
>
> Another question is: where can USD wielding cruisers
> cruise without being independently wealthy? Also, some
> of you may be U.S. citizens who are living outside the
> U.S. due to work or retirement reasons. How does the
> rate effect you and how are you coping?
>
> Still another question is: for those out cruising
> under a U.S. flag, have you found any problems
> clearing into or out of other countries given the
> current state of the world and how our government is
> perceived in many places in the world?
>
> Anyone have a "crystal ball" and have some idea of
> when the decline will end and start to reverse?
> Failing that, anyone know how we in the U.S. can get
> meaningful, well paying work in Europe, etc. where we
> can afford to cruise? Anyone out there thinking of or
> have immigrated to another country from the U.S.
> either as a "resident alien" or actually taking out
> citizenship? I hear that Canada is giving classes in
> various places in the U.S. toward that end but I find
> it difficult to think about going to a land of snow
> and ice much of the year. And, for those of middle to
> somewhat greater age, how does that effect moving to
> another country? I've heard, for example, that
> Australia doesn't allow people to move there if you
> are over about age 54.
>
> I'm serious here. The state of the USD seems to be
> putting an end to all our plans for our "golden years"
> and we're not taking it lightly. These questions may
> have all have been asked and answered in the past but
> with the changing situations, perhaps there are better
> answers now or perhaps they have not been asked at all
> before? Or perhaps I didn't pay any attention since I
> didn't recognize that it was having an effect on me
> and mine.
>
> TIA for all your answers. Where can we go?
>
>
> =====
> Lynn
>
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