Jobs in Sydney, Australia for US citizens?

nravo · Nov 23, 2006

Ok, I'll go long Swiss/US currency futures as a hedge. I'm hesitant to long AUS as a hedge, as it's had such a run up over the years.

Quote from zdreg:

"nravo

Registered: Jun 2004
Posts: 227

11-18-06 10:24 AM

Tell me about it! I spent last summer in London and felt like the dollar was a third world currency. Maybe it's pegged to the Zimbabwe dollar nowadays or something. Ah, the price of low interest rates at home.

Quote from zdreg:

not only that. but you are relatively poor with the crumbling $US dollar

if you have any further doubts.

"The imam who runs an unmarked money exchange out of his religious- supplies store in Foumban, Cameroon, won't accept anything but $100 bills. Tens and twenties "are too small -- they're not worth my time," he says. The Moscow souvenir store called "Souvenir" won't accept 1996 series [Robert E. Rubin] $20 bills as payment for vodka or nesting dolls. The Rubins are too old, the clerk says. The Stella Matutina Lodge in Goma, Democratic Republic of Congo, accepts 2001 series C-notes -- the ones with Treasury Secretary Paul H. O'Neill's signature -- but says they're only worth $90. The hotel accepts the 2003 Snow bills at face value.

[Jean Yves], the Malagasy cruise-ship employee, finds that in many ports, the 1996 series bills are discounted by as much as 15%, if they're accepted at all. He and his fellow crewmen complain to their bosses, he says, but to no avail. "They say to me, 'This is your pay -- take it or don't,'" said Jean Yves, who, for fear of losing his job, spoke on the condition that neither his family name nor his employer's name be published.

Jean Yves would likely have fared far worse at the city's legal money-changers. The currency-exchange window at the Banque Malgache de l'Ocean Indien, part of Groupe BNP Paribas, doesn't take $100 bills at all. "If we take it here, the goal is to resell it," says Hanitra Rasoanaivo, a customer-service manager. "But the Malagasy and foreign tourists don't want $100 bills."

it doesnn't happen to swiss currency.
More...

TGM · Nov 23, 2006

Quote from zdreg:

"nravo

Registered: Jun 2004
Posts: 227

11-18-06 10:24 AM

Tell me about it! I spent last summer in London and felt like the dollar was a third world currency. Maybe it's pegged to the Zimbabwe dollar nowadays or something. Ah, the price of low interest rates at home.

Quote from zdreg:

not only that. but you are relatively poor with the crumbling $US dollar

if you have any further doubts.

"The imam who runs an unmarked money exchange out of his religious- supplies store in Foumban, Cameroon, won't accept anything but $100 bills. Tens and twenties "are too small -- they're not worth my time," he says. The Moscow souvenir store called "Souvenir" won't accept 1996 series [Robert E. Rubin] $20 bills as payment for vodka or nesting dolls. The Rubins are too old, the clerk says. The Stella Matutina Lodge in Goma, Democratic Republic of Congo, accepts 2001 series C-notes -- the ones with Treasury Secretary Paul H. O'Neill's signature -- but says they're only worth $90. The hotel accepts the 2003 Snow bills at face value.

[Jean Yves], the Malagasy cruise-ship employee, finds that in many ports, the 1996 series bills are discounted by as much as 15%, if they're accepted at all. He and his fellow crewmen complain to their bosses, he says, but to no avail. "They say to me, 'This is your pay -- take it or don't,'" said Jean Yves, who, for fear of losing his job, spoke on the condition that neither his family name nor his employer's name be published.

Jean Yves would likely have fared far worse at the city's legal money-changers. The currency-exchange window at the Banque Malgache de l'Ocean Indien, part of Groupe BNP Paribas, doesn't take $100 bills at all. "If we take it here, the goal is to resell it," says Hanitra Rasoanaivo, a customer-service manager. "But the Malagasy and foreign tourists don't want $100 bills."

it doesnn't happen to swiss currency.
More...

I think everyone should be hedged against Dollars AND all other politicians. Politicians screw up every currency. Always have.

With all that said, many times overseas people are worried about FAKE US Currency. There could be some of that in play as well.

Pa(b)st Prime · Nov 23, 2006

Quote from TGM:

]
With all that said, many times overseas people are worried about FAKE US Currency. There could be some of that in play as well.
More...

That's the REAL story. The merchant in Cameroon doesn't care about exchange-rate risk he cares about accepting counterfiet dollars.

TGM · Nov 23, 2006

Quote from Pa(b)st Prime:

That's the REAL story. The merchant in Cameroon doesn't care about exchange-rate risk he cares about accepting counterfeit dollars.
More...

Good call. I believe that is why. Fake US dollars are abundant in places overseas. Even in Europe. The IRA pawned a fortune in the damn things all over the place. Apparently, from North Korea. In fact, all the work the US Govt. is doing by changing and fooling with the look of the currency over the past few years has been because of this. Just look at one of those peachy/orange ten dollar bills.

nravo · Nov 23, 2006

Thinks bogus US notes are a problem in Sydney, though?

Quote from TGM:

Good call. I believe that is why. Fake US dollars are abundant in places overseas. Even in Europe. The IRA pawned a fortune in the damn things all over the place. Apparently, from North Korea. In fact, all the work the US Govt. is doing by changing and fooling with the look of the currency over the past few years has been because of this. Just look at one of those peachy/orange ten dollar bills.
More...

TGM · Nov 23, 2006

Quote from nravo:

Thinks bogus US notes are a problem in Sydney, though?
More...

TRUST ME. Fake US DOLLARS ARE A PROBLEM IN EVERY COUNTRY ON EARTH.

That is why the US has had to redo it's currency.

North Korea would have definitely spread them across Asia.

U should have no problem with your dollars getting converted to Aussie Dollars.

I would not worry or panic over it. Since you will have the new ones.

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Jobs in Sydney, Australia for US citizens?

nravo

TGM

Pa(b)st Prime

TGM

nravo

TGM