USD tanking against Thai baht.

[urleft]

The USD is falling against the Thai baht, in the past weeks it has gone form 30.7 to 1, to now sometimes below 30. 
 
 
Luckily the US has Obama to fix things.   
 
 
 
 

[Speros]

Urleft, I here ya as an Aussie paid in USD I have been taking a hammering for some time, not sure if I would blame Obama, he was left in charged of a heavily indebted state of affairs from G.W.Bush. Believe me it would make me happy to see the USD flying high again.

[urleft]

Urleft, I here ya as an Aussie paid in USD I have been taking a hammering for some time, not sure if I would blame Obama, he was left in charged of a heavily indebted state of affairs from G.W.Bush. Believe me it would make me happy to see the USD flying high again.

When does Obama take claim for economy?  It has been 4 years.  Time for him to Man up. 

[Speros]

Mate look at the world economy, wars and actions that were inherited......plus lack of recovery can also be attributed many other factors including difficulty passing what actions that he would like due to congress and senate, the ever suspicious lobby self interest movements that are so strong in the US political system.....(corrupt )......a banking system in desperate need of regulation to stop the greedy so and so's from gambling hard earns savings of the common man.......strangely Aust banks had no such issues through either of both recent Crisis due to being regulated...and still like all banks very profitable. As I have said I would love the US dollar way back up, and just because of what I have said doesn't mean that Obama hasn't accepted some responsibility.
Not sure a republican option would be any better than Obama......because the last republican president was a complete muppet

[Speros]

 

[nookiebear]

You may shout about the value of the US DOLLAR But the English Pound has taken a far bigger battering not only over the past week or so but since the start of the Economic Crash.....& we all know where that started don't we........THE USA

[Prakhonchai Nick]

When I arrived permanently on these shores in 1986, the exchange rates were 25 to the $, and 39 to the £

From 1956 until 1973, the baht was pegged to the U.S. dollar at an exchange rate of 20.8 baht = one dollar and at 20 baht = 1 dollar until 1978. A strengthening US economy caused Thailand to re-peg its currency at 25 to the dollar from 1984 until July 2, 1997, when the country was stung by the Asian financial crisis. The baht was floated and halved in value, reaching its lowest rate of 56 to the dollar in January 1998. It has since risen to about 30 per dollar.

[nookiebear]

Nick,I'm sorry to disagree with your figures......I remember the rate being 34 baht to the GBP for a long period,with it even dropping down to 29baht for a couple of days when the UK withdrew from the EUROPEAN ERM & Mortgage rates in the UK hit 15%.

[yupainon]

OBAMA is a good guy .

[RonTexas]

LOL! please open your eyes and get a grip.

[urleft]

Here is Obama's crisis management flowchart:

[Speros]

OBAMA is a good guy .

no argument...good guy and one of the most intelligent guys to sit in the white house, the poor bugger inherited a huge can of worms...likes of which have never been seen before.

[urleft]

After 4 years he is inheriting from himself.  His first 2 years in office the Democrats had complete control of congress and the White House, they implimented whatever policies (Obamacare) and multiple Stimulas bills as they wanted, all it got us was more GVT and more dept.  This is his economy. 

[Speros]

yes the first two years....during a period of world economic crisis....you talk about gun rights, when the rest of the world talk about the rights and access to health care and education....Democrats themselves watered down the "Obama care", energy and insurance companies run the USA through lobbiests, and while special interest groups "sponsor"  campaigns..etc there will be few leaders in the US who will have the true interests of the citizens at heart.

[gotlost]

OBAMA is a good guy .

no argument...good guy and one of the most intelligent guys to sit in the white house, the poor bugger inherited a huge can of worms...likes of which have never been seen before.

Agree on this. In 2007 me and Mrs. GL were in Washington DC  I had the honor of given Jr. the one finger salute at the white house. Next month me and Mrs GL will be back in DC and this time it would be an honor to shake  Obamas hand.