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From: Gary Mertl (no email)
Date: Tue Dec 14 2004 - 10:46:22 EST
Okay, just curious.
Gary
----- Original Message -----
From: "Dwight Yachuk" <>
To: <>
Sent: Monday, December 13, 2004 11:40 AM
Subject: RE: [world-cruising] Declining value of the USD & effects on
cruising?
>
> 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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