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scooterbug44

SoWal Expert
May 8, 2007
16,706
3,339
Sowal
Considering the current economic outlook, how difficult would it be to convert $ to Euros and get a Swiss bank account?
 

seaside2

Beach Fanatic
Apr 2, 2007
785
12
All over the place
Considering the current economic outlook, how difficult would it be to convert $ to Euros Very Easy:D


and get a Swiss bank account? Very hard. Unless you have a lot of $, they are not interested in your business. Privacy doesn't come cheap
:angry:
 

scooterbug44

SoWal Expert
May 8, 2007
16,706
3,339
Sowal
How would you take x amount of $ and convert it to Euros and put it in a bank?

I've only gotten currency changed in small amounts so I had it for initial travel expenses, the rest always came out of foreign ATMs so you didn't pay a conversion fee and got the best rate.
 

SHELLY

SoWal Insider
Jun 13, 2005
5,763
803
How would you take x amount of $ and convert it to Euros and put it in a bank?

I've only gotten currency changed in small amounts so I had it for initial travel expenses, the rest always came out of foreign ATMs so you didn't pay a conversion fee and got the best rate.

Think liquidity. The FXE Euro Currency Trust: http://www.marketwatch.com/quotes/fxe

.
 

Mango

SoWal Insider
Apr 7, 2006
9,699
1,368
New York/ Santa Rosa Beach

rehdrahk

Beach Lover
May 10, 2007
100
3
www.fortwaltonweb.com
He's Back?

Can someone more knowledgeable explain WHY they cut the rate again?

Take a moment to listed to what an educated, 20 year veteran of the House has to say about it before you instantly black list ('ignore') me ... I did not see any instant frustration with all the other links within this thread?
 

rehdrahk

Beach Lover
May 10, 2007
100
3
www.fortwaltonweb.com
To answer your other question scooterbug if you are serious ...

You may want to consider Costa Rica ...

The Costa Rican colony is freely convertible into foreign currency and contracts may be negotiated in any currency. The Central Bank establishes exchange rates through auctions and a well-publicized policy of daily mini-devaluations.

http://www.american-european.net/offshore-banking.shtml
 
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SHELLY

SoWal Insider
Jun 13, 2005
5,763
803
Please take a moment to watch this, the man knows what is going on:

http://www.youtube.com/watch?v=yAwvlDJgJbM&eurl=www.ronpaulnation.com/

I watched Bernanke's appearance before the committee today. Ron Paul really laid it on the line. Bernanke responded, in essence, that the weak dollar won't be a problem for the vast majority of Americans because they spend their money in the US anyway. Interesting to note how Bernanke rubbed his nose after his response to the Paul's comments (seen at the end of the above clip)--which in body language-speak is a sign of "rejection, doubt or lying." I'll take that as a "tell" as to what is really going on in his mind.

.
 
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