August 2006 Weddings
TeamC
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
My dad is switching his savings denominations to Euros
He's almost 76, so he can't afford to fuckaround with risk. He went to the bank the other day (prior to the bailout, in anticipation of it passing) and asked if he could switch his denomination to Euro. The branch manager didn't know if she could do that. They said they would look into it. They're going to do it for him. What do you all think about this? At first I laughed at him, but the more I read the more I'm worried about hyperinflation of the dollar. And then I made the woeful mistake of looking at my 401(k), and thought, maybe he's on to something. But after this past week's actions, I'm thinking he needs to look into Pounds Sterling. Sorry if this was already discussed, I'm just curious if anyone has given this any consideration for or against...
Re: My dad is switching his savings denominations to Euros
Wow, that's a tricky one. I think the pound's going to be a bit volatile too, given their recent bank bailouts. Tell him to just stuff it all in his mattress, and he should be safe.
Funny if it weren't half true...
The U.K. government offered what appears to be 500b pounds, which is pretty enormous proportionate to their economy.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3156699/Financial-crisis-UK-bank-bail-out-The-key-points.html
Yeah, that's what I was thinking. Plus, I really think the pound and the euro will both go down before going up again. I'm not sure the dollar has much farther down to go. This is just the current impression I'm getting, though.
The thing with gold is that its tangible. Worst case scenario with any currency is that it will be worth as much as it is in scrap. So, paper money will be worth as much as paper (which is basically nothing). At least with gold, there's always some value.
In my opinion (majored in management not finance) if he wanted to play currency, I would go with the Pound, it is not dropping as much as the Euro and the reason the UK doesn't use the Euro is so they can keep their currency stable and not have Europe as a whole hurt them.
Whether the currency switch is the right idea I don't know.