Time to charge in Euros?

This news came with mixed feelings for me. While I am gleeful that this might make them finally fall to its knees and perhaps at the very least slow its rampage across the globe, at the same time the irony is that since I am earning in USD, this might just as well affect my income. Perhaps the only solution for me would be to turn to the stronger Euro or UK Pounds as a medium of exchange over the Internet for my business dealings.

Sinking Currency, Sinking Country
Fri Nov 2, 3:00 AM ET

The euro, worth 83 cents in the early George W. Bush years, is at $1.45.

The British pound is back up over $2, the highest level since the Carter era. The Canadian dollar, which used to be worth 65 cents, is worth more than the U.S. dollar for the first time in half a century.

Oil is over $90 a barrel. Gold, down to $260 an ounce not so long ago, has hit $800.

Have gold, silver, oil, the euro, the pound and the Canadian dollar all suddenly soared in value in just a few years?

Nope. The dollar has plummeted in value, more so in Bush’s term than during any comparable period of U.S. history. Indeed, Bush is presiding over a worldwide abandonment of the American dollar.

But of course, the lesson to be learnt from this is that no one is immune from economic collapse, not even the United States.