Forum Moderators: martinibuster
The best deal I've found so far is banking my cheques with Barclays (who I have a current account with). They charge me just £9 for as many cheques as I want (in this case three)
My question relates to the strength of the Dollar .. as I type the rate is £1 = $1.90691 ( www.xe.com )
Are there any economic forecasts as to whether the Dollar is expected to slide further or recover? Am I better off getting Google to hang on to my cheques and then bank them later in the year, when perhaps they will be worth more in UK Pounds Sterling?
Also, would it be to my benefit to open a US Dollar account with Barclays, and just stick my cheques into that?
M
Yes, but that budget deficit was caused by the US spending a lot of money on invading foreign countries. They are expecting a lot of exports to these foreign countries. I'm sure the ROI on the money spent will be very good indeed.
I'm sorry, but there is absolutely no logic in this whatsoever, no disrespect. $200 billion is down the tubes, so far, and the USA is never going to see any of it come back. I don't know of very many first world countries that could pay back that kind of money, oil or no oil.
The Bush administration just isn't clever enough to pull off an invasion as a good investment. They've already increased the debt by $2 trillion since taking office.
That may have been part of it, but tax cuts were the real culprit--and those won't improve the balance of trade or encourage foreign investment.
Exactly. That was the main part of the problem right there. The Republican party used to be the fiscal conservatives. Now they are not.
If Warren Buffet is betting against the dollar, I would too.
On the dollar, Mr. Buffett renewed his criticism of the nation's economic policies. "The evidence grows that our trade policies will put unremitting pressure on the dollar for many years to come,"
In '05, Buffett Says He's Still Betting Against the Dollar [nytimes.com]
Buffet on Gold [howestreet.com]
So when those google checks come, instead of saving them up, get them out of dollars as fast as possible, IMO.
I'm sorry, but there is absolutely no logic in this whatsoever, no disrespect. $200 billion is down the tubes, so far, and the USA is never going to see any of it come back.
The US is now the number one service exporter to Iraq and Afghanistan.
Infrastructure (telecommunications, fuel, water, electricity, roads, rail), construction (bomb crater repairs ;-) ), fast food, cola!
Most of these being are being provided by US companies. Sure the people laying the bricks, digging the roads, serving fries will be local, they'll be getting their 50 cents an hour or whatever, but the big money from the profits will be flowing straight to the US.
I have a Barclays business US Dollar deposit account and each inward deposit costs me about STG 16.00 (2 Google cheques). To convert my Dollars into Sterling the rate today was 1.9447 and this was done over the phone with the international department straight into my business Sterling account and will be available to me at close of business tomorrow, Thursday.
I then popped into Lloyds TSB to check what rates they offered and what they could do.
Cost of depositing £15.00
Rate of exchange $2.0513
The big difference in the exchange rates was simply that in Barclays I was getting the commercial rate whereas in Lloyds it would be the tourist rate since I would be paying it into a personal account.
More information as I experiment will follow.
This is an important issue for all Adsense publishers converting their earnings.
but the big money from the profits will be flowing straight to the US.
Profit? What *&^% profit? For $200 billion, Saddam Hussein could keep Iraq.
While were at it, I want my money back on that Normandy thing too. Hitler can have France back as well.
P.S. I've lost another 1.5 cents on the dollar in the last two days.
Checked my account today and money was in there. Apparently the cheque had been negotiated at an exchange rate of 1.9401, and I got charged £9 total for all three cheques - which I think it pretty reasonable
The next dilemma is whether to bank my future cheques as I receive them or save them up and bank them every 3 months.
(My reason for doing this is because Barclays charge £9 or 2.5% of the cheques total amounts, whichever is larger)
