I’m filthy stinking rich!

Well, no, I’m not unfortunately. Not yet, anyway. If the US economy keeps faltering the way it is, however, I may soon be much richer than expected.

I have mixed feelings about the whole thing. On one hand, it’s great news for me (and for anyone living outside the US) because as the dollar gets weaker, most of the other currencies get stronger – great for exchanging currencies. When I came to Taiwan, 1 US dollar would get you around 33 NT (Taiwan Dollars). Now the rate is 1:30 Not good for US travelers to Taiwan (they get less for their money), but great for people like me who live and work in Taiwan and often send money back.

Before, I would have to send 33,000 NT back to America if I wanted 1,000 US dollars in my bank account. Forget about the fees and taxes etc. We’ll keep this simple. Now that same 33,000 gets me more than 1,000 US dollars. Very good news for me. If this trend keeps up, I’ll pay back my student loans in record time.

On the other hand, it’s not good for my family and friends living in America. They have to continue working hard for the same amount of pay and that money will buy them less than it would have before. Most of my family and friends are fabulously rich millionaires (and if you are, share the love)and, I daresay, put in an honest-days work for fair wages. I know my mother and father certainly do. However, the US economy keeps getting worse and it certainly spells bad news for them in the future.

So the news is both welcome and worrisome to me. That’s all I have to share today.

The school year is almost done so hopefully I’ll have some more time this summer to make some posts. I have some good ideas for posts I want to make and particular parts of Taiwanese culture I want to talk about, but I need some time to get some good photos and compose my thoughts.
Thanks for reading.


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2 responses to “I’m filthy stinking rich!”

  1. anon Avatar
    anon

    Things could be worse. I remember when the ratio was 26NT:$1

  2. Heinz @ ubiquiti nanostation Avatar

    You’re wonderful! Just wanted to make your day better 🙂

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