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| DearWebby is actually Helmut Morscher, the CEO of Webby, inc.
Originally the "Tech Support Pits" were reports of the funniest tech support incidents, but over the years the
column gradually shifted to answering tech support questions put forward by the readers of the Dear
Webby Humor Letter.
This collection of computer and web advice was started partly because readers demanded an archive, and partly
because some questions were asked again and again. Each page has a different day's Tech Support Pits column.
Tech Support Pits column from Dear Webby's Humor Letter of
05/15/05: Investment advice via email
Tech Support Pits:
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I received some investment advice in the email that warned
that the US dollar has fallen to an all-time low against the
Euro and that this is the time to "to take advantage of the
opportunities the Euro has to offer. "
Does that make sense to you?
No, of course not.
You should not believe a word you read in spam. That's just
The dollar has been pushed down deliberately for two
1) to try and shake loose the Chinese Yuan that is worth
less than a peso but is artificially pegged by the Chinese
government to be traded at equal to the US $. So the Yuan
is hanging on like a blood sucking parasite, but it is rather
doubtful that it will change to free trading based on it's
own actual value (near the Peso).
The most that can be hoped for is that
they will latch on to another currency. That won't happen
until the US $ trades below the Canadian $. It will take
some time, though, to shift it down to that, because the
Canucks are paying attention. They like keeping their
dollar low to be able to sell goods to the US.
2) A lower value of the US $ will make US goods more
affordable in Europe and will boost jobs in the US.
Don't worry, there are real brains at work there, who don't
listen to two-bit investors and phony investment experts
who try to con people into silly mistakes.
Selling US dollars when they are low to buy euros when
that currency is high, is about as stupid a mistake as
anybody can make.
Right now it would be best to just double your money.
Fold it in half and stick it back into your wallet,
or invest it in your own business. Pay off loans, buy tools,
equipment and supplies.
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