U.S Dollar - Recovery?

[Ballpark]

I don't play sportsbooks as much as I use to and have had most of my funds paid back to my Neteller account.
I live in the UK and since the start of playing at books I've seen dollar go from $1.75/£1 to $2.1/£1.
There has been a slight recovery and now it's about $1.96/£1.

My question is do you think I should keep my funds in Neteller hoping for the dollar to recover more against the pound or bite the bullet and withdraw the cash to start earning interest on it in a savings account?

Thanks.

[SBR_John]

I dont see the dollar rebounding anytime soon. With the Feds set to lower rates several more times I think the dollar will continue to trend lower amd lower.

[noyb]

it's not so much the dollar recovering, as it is the pound taking a fall against other currencies recently. against the euro, the dollar is still at its lows.

[Destroyer]

I would definitely withdraw the cash. The US dollar won't be recovering anytime soon with pending interest rate cuts by the Fed later this month. According to Goldman Sachs, the gold standard of Wall Street investment banks, the U.S. economy is in a recession. For more details, please click on the below link:

http://biz.yahoo.com/ap/080109/goldman_economy.html?.v=1

[BrentCrude]

We are stuck in a box canyon and are too stupid to know it!

Hmmmm,when will the fed have to start printing money where they give you an extra 5% to get a loan?I might be exagerating a bit but you know we are in deep doo doo where it won't be long and the interest rates will be so low that no one will be depositing money in bank accounts.That way the stock market looks artificially great to invest in because there is no where else to put money.The fed is in the position of an F- rated sportsbook where they have to solicit customers with cold calls asking you to come on board enticing you with a no strings free bet.

So if the fed keeps printing money and interest rates keep going lower and the dollar becomes even more worthless do you think the world powers owning our debt will want to bail out?The fed is in desperation mode right now and they are damned if they lower rates,and damned if they let rates stay the same or go up.

We are in a box canyon stupid and most people either know it and don't talk about it or are too stupid and brainwashed to know it because they believe what the government taught us and told us.I wish I could find an updated article by this guy that wrote this article 3 or 4 years ago.www.safehaven.com/article-1805.htm

Take a good look ALL around you including the internet as to what people have stooped to to make $$$$$$I swear one out of every few women in this country have either posed nude or put out for $$$$.Has anyone here been getting about 30 e-mails a day asking if you want $1500 payday loans in your checking account in 24 hours?What about the thousands of pyramid schemes like start your own e-bay selling business at home and make 10K a month.I could go on and on and on how dastardly the economy has gotten where people grasp at any shred of hope and there are just as many crooks willing to sell you false hope.

I love going to casinos and getting comps,recreational gambling on teeny correlated parlays,enjoying free drinks,cheap buffets,cheap flights to Vegas etc.but it's sad when politicians are staking more and more economic hope on every little area getting a casino.If you base your economic future on Indian casinos creating jobs and taking in money from government entitlement checks you are in big trouble!Casinos don't produce anything except maybe heartaches for some.

Every new startup company in my area has become a government-tax payer partnership state run industry.And we used to make fun of the old USSR that they were communists.hehe!We have selective socialism and a Keynesian economy that is about to go boom because there are no more people getting into the chain mail pyramid ponzy scheme we call an economy.

The government created the gigantic bloated medical industry and turned everyone into hypochondriacs that are clients of the industry paying bills with entitlement programs.Then you had HUD,Freddie Mac,Ginny Mae,Fanny Mae and every alphabet soup government home buying program under the living sun giving home loans to any feeb that wanted one just to prop up the phoney home building industry that caved in.So what's the next government artificial economic stimulous program left to peddle to the idiots?