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From: Dwight Yachuk (no email)
Date: Mon Dec 13 2004 - 14:40:20 EST
Hi Gary,
I read a lot, Atlantic, Economist, etc.
There have been a number of articles on this (do a search of the Economist). www.economist.com
"The sliding dollar Expect the dollar to slide further after this week's sharp decline (From The Economist print edition) Sep 25th 2003"
You may recall the book published a few years ago, The decline and Fall of the American Empire?
As well there have been a few tv documentaries.
Am I an economist? No
Can I defend my claims? I suppose I could substantiate them if I needed to but I think it's pretty common knowledge.
dwight
-----Original Message-----
From: Gary Mertl [mailto:]
Sent: Monday, December 13, 2004 1:43 PM
To:
Subject: Re: [world-cruising] Declining value of the USD & effects on
cruising?
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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