[Idyllchat] Italy '08

[Jay Cloidt]

Definitely the depleted dollar. When the Canadian dollar passes the US
dollar for the first time in my lifetime, you know it's our economy that has
the problem.

The only way to beat the deflated dollar is to go to countries where they
are:
1) using the US dollar as their own currency. Several Caribbean nations do
this.
2) go somewhere where the dollar hasn't fallen as hard. This would be South
America.
3) go somewhere the economies are so depressed that you won't notice the
fall in the dollar. Actually, I'm not sure depressed is the right word.
Typically, with third world countries and emerging economies, you can get a
very good exchange rate against the dollar. This would be true of parts of
Asia and Africa. Take India for example. The Indian economy is very strong,
and the dollar is falling hard against the rupee. However, what a dollar can
buy in India started at such a strong point, that it can still be a bargain.
This is true of Southeast Asia as well.

  - Jay

On 10/22/07, MICHAEL CONCORDIA <m.concordia at verizon.net> wrote:
>
> Does anyone have any ideas how to get around the inflated Euro, or the
> deflated dollar, however you prefer to look at it.
> I don't think I'm doing Italy next year ,or in the near future ,because of
> the basically 30%+ "tax".
> Our family has been going for the past 8 years but this last trip ,in '07,
> was an eye opener.
> I guess we are heading back to the pre 1950's when only the wealthy
> traveled
> overseas.
> What a shame. The sad thing is that the working Italians are reaping no
> benefits from the pricy Euro.
> Mike C.
>
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