Hey dumbfuck, the dollar has never depreciated "150 percent" against any currency, let alone the Bulgarian lev. (It is mathematically impossible for a currency to depreciate by more than 100%. At that point it is worthless by definition.) The lev has been pegged to the Euro since 1999 (at a rate of 1.95583 leva = 1 Euro) so it has fluctuated in value against the dollar in line with the Euro - no more, no less. You should know that. You're either lying or pretending you know what you're talking about when you don't. Either way, I will call your bullshit every time.
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Originally Posted by lustylad
Lustylad, here are the facts man. This will show you what a plunge the USD has taken over the years. From this you can judge what lies ahead. All "developed" economies in the world are supported on a big lie and assumption that governments stand behind their money and economies. That is a bunch of bullshit. Like the Euro, the USD is not backed by anything except "faith" in the government. We all know how much we can trust the government. A complete joke. But to cut to the chase. in 1995-1996 during the Clinton years in office the USD was the strongest I ever remember it in my life. One dollar could buy 3.2 Bulgarian levs, or in then's currency as Bulgaria was in a state of a hyper inflation 3200 Bulgarian levs. (By the way, the US is in a state of hyper inflation since decades ago but the government STILL manages to keep things together on fake assumptions). I do not want to even think of what turmoil will ensue if the government just let go. I certainly will want to be in Bulgaria at that point. So back then $1 was 3.20 today's levs. As of right now, $1 is approximately 1.42 levs. In January 2012 the USD was the lowest ever compared to the Bulgarian lev I can remember at 1.22 levs for $1. This is a head-spinning plunge from 3.20 to 1.22. The downward trend will only continue with brief recoveries as the US continues to flood the world with worthless papers and support its fake economy indexes. As far as Euros and Dollars. When the Euro first came out $1 bought almost E2. We see where things have been for the last 15 years. Trust me, in the long run things do not look promising and good for the US economy. Supposedly the "biggest" in the world. The biggest in the politicians minds. What the reality is is a different question. If only 5 per cent of the US population demands its money from the banks in a single day the whole economy goes to shit and banks will be stalled. This is how strong your US economy is. A huge lie and assumption. Again, America's wealth is cosmetic.
All this I just said does not mean I do not like America and do not appreciate the good things it has. I am saying this so you do not start bashing me again to go to my own country. This is no man's land and as a US citizen I can come and go as I please. And as an European I am perfectly aware what the lev is pegged to. That in itself is another big joke!
PS: you may want to read a little bit more as Wikipedia is your good friend what a bank run is LustyLad. All it takes for it to occur is 5 per cent of the population demanding their fakely "created" money by the banks. Perhaps you think FDIC will "guarantee" your money? Yeah, sure by printing more of it. Only problem is at the time they give it to you it won't buy you shit. Namely speculation of this type for decades have allowed for example a fucking Port Authority driver to make $27 an hour driving a fucking bus or a senator to make 150k a year sitting on his ass. Money that exists only in banks' and government's computers.
