Bundchen Cash

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Nov. 5 (Bloomberg) — Gisele Bundchen wants to remain the world’s richest model and is insisting that she be paid in almost any currency but the U.S. dollar.

Like billionaire investors Warren Buffett and Bill Gross, the Brazilian supermodel, who Forbes magazine says earns more than anyone in her industry, is at the top of a growing list of rich people who have concluded that the currency can only depreciate because Americans led by President George W. Bush are living beyond their means.

Comments

[seekeronos]

Not too worry. Frau Bundchen will eventually succumb to the tender embrace of age and weight gain... and the dollar will recover regardless of her pompous, twit-brained declarations of her BDS.

[Fred Beloit]

"...Americans led by President George W. Bush are living beyond their means." I wonder what "living beyond their means" means.

Now, seek, I bet you didn't know that Bush invented the deficit. And I bet you didn't know that our government balanced its budget each and every year of its history until Bush lead us into a deficit. And, seek, I bet you didn't know, did you, that, even though you and I have been around a while, we never experienced the dollar going up and down in value as the climate goes up and down in temperature, though these two phenomenon are in no way correlated.

Finally, seek, you didn't know, I bet, that Sorros made his money making bets on the values of various currencies. Not just the dollar? You mean Bush has made other currencies go up and down too? What an evil genius and complete bumbler that Bush must be.

[Fred Beloit]

By the way , seek, if you will allow me one more point. I bet you always thought Congress was responsible for spending the government's money and that if there were a deficit it would be the result of Congress's spending. Hah, seek, you obviously failed civics class. That means you are only fit to be a political writer for Bloomberg.

[Fred Beloit]

The Democratics lost again:

http://www.foxnews.com/story/0,2933,308436,00.html

Now the new AG, once confirmed, can arrest Bush for his profligate ways, or something like that. Bush has led me into spending more that I receive and I resent it. And some want to run Mayor Bloomberg the founder of this great news medium for President. Why not Pinch Sulzberger for VP?

[chris]

Wow, the 24%ers won yet again. Its hard to keep up with all of your 'victories'.

[Supersocialisto Teat Chappers]

Ah, I have an even better idea for how Comradess Bundchen can inspire the sons of the Great Motherland and her luscious teats which drape over the proletarians of Amerika!

Gisele Bundchen can goose-step to the "Prueßens Gloria" whilst wearing a cast iron thong, a steel brassiere and a horned helm!

[joeb]

Last time I looked the exchange rate was 144 dollars to get 100 Euros. So who wouldn't want to be paid in Euros. So why is the dollar weak? Why has it been falling against the Euro since 2001. Heard recently the French are flocking to Miami to go shopping. Every thing is cheap "in Amer-i-ca". At least for Europeans. What a turn around. I was in Europe this past summer. Hotels rooms that were 2.50(that is 2 dollars and fifty cents)a night in 1964 are now 200.00. That is 200 dollars a night. Well most things are 10 times more expensive now than they were in 1964. Go figure. When regular gas goes to 4.00 a gallon next year it is good the European Smart car is on its way over here.

[seekeronos]

Heck, even the Looney (Canadian Dollar) has topped the dollar, and is skyrocketing in value.

This might be a good turn for American exports. As for Europe begin generally more expensive... well, somebody's got to foot the bill for their wonderful socialized medicine programs.

[Purple Avenger]

"This might be a good turn for American exports."

No might about it -- its already happened.

[Lala]

I went to Majorca in 1965. We didn't stay at the luxury hotel because it was $20.00 per night. We stayed at a pension for $2.00 per night. I was making $85.00 a week in 1965.

[dumbblonde]

"...the Brazilian supermodel, who Forbes magazine says earns more than anyone in her industry, is at the top of a growing list of rich people who have concluded that the currency can only depreciate because Americans led by President George W. Bush are living beyond their means."

To be fair, the above is not a statement by Ms. Bundchen. The author of this article is stating his own opinion, however uninformed, of the reason for the weak dollar.

Ms. Bundchen is fortunate to be able to choose the currency with which she will be paid, and it seems she is also intelligent enough to use that to her financial advantage.

[Rachel]

then Ms. Bundchen is innocent of BDS. But I do believe the author is right about Americans (heck everyone) living above their means. And as for Canada, the reason their loonie is improving is because they are stripmining the prairie provinces for shale oil and minerals for China. The Canadians still have problems with purchasing power and they are losing their manufacturing base.
I'm not afraid of the loss of the dollar. For one, it is not W's fault, rather the rise of globalism, meaning other countries are getting into the game. Such fiscal variety is new to us, but once we start to play it right, we can getmore profit. Most of all, we need to get our egos out of the way.
I would not be so cocksure about the euro, though. Many nations do not like being part of the EU as they find their purchasing power reduced under it. Also, Belgium, the home of the EU, may split up between the Flemish north and the French south inside of ten years (that's the word on the street). If that happens, there will be instability in the euro market.

[scarshapedstar]

Apparently, the ability to do math is now a symptom of BDS.

I guess that says a lot about the remaining 24% of the population...

[Cindi]

If you are one who spent above their means, shame on you. I for one will take advantage of your loss..............hah. God Bless the American dollar!

[templar knight]

I don't think there is anything to this story at all, as Ms. Bundchen is not likely to want to lose the goodwill she has in the US. That's what I think, anyway, this sounds like a hoax.

[seekeronos]

The Mighty Loonie is an aberration that will be corrected in a few years as the easy-access shale is consumed. And they have less of a manufacturing base than even we do. In the meantime, I'll just have to put off my trip to Québec for a few years. It will give me time to practice my Franglaise anyway. :P

Bush has very little to do with our financial policy and the ups and downs of the dollar - the Federal Reserve does (which btw, is not a government agency, but a private banking corporation with unique privileges).

[Ennis]

Seems we heard this same shite back in the 1980's out of pretty much the same people, too. Back then it was the EU and Japan that were going to be "owning" the US, now it is the EU and China. Back then Ronald Reagan was President and boy was he was hated by the elites, the MSM and the LLL's both here and in Europe, now it is President George W. Bush. Jimmy Carter was doing his best at proving that he was our first Communist President, and he is still doing it now. John Kerry was a wealthy gigolo then, he is an even wealthier one now. Back then it was "OMG! The rain forests are vanishing" and "global cooling", now we got Rev. Al Gore's Church of "global warming". Back then it was "If we just disarm and surrender to Soviets the world will be at peace but that warmonger Reagan is going to start World War III" now it is "If we just disarm and surrender to the Islamofascists then the world will be at peace but that warmonger Bush is going to start World War III". Back then we had "The Day After", now we have "The Day After Tomorrow".

Cue Miss Shirley Bassey....

"And I've seen it before, and I'll see it again,
Yes I've seen it before...just little bits of history repeating."

[seekeronos]

"--- John Kerry was a wealthy gigolo. ---"

Not for nothing, but the man looks like he done fell out the ugly tree and hit every branch on the way down. Not sure who his "janes" were... but they certainly have questionable taste. Perhaps they need some HALP.

[dumbblonde]

"--- John Kerry... but the man looks like he done fell out the ugly tree"

I don't like to criticize people based on their looks, but I have to confess that I've always thought the man looks like a bassett hound. Serious and sad, with a saggy face :)

[dumbblonde]

But back to the topic at hand, which is the sorry state of the US dollar, see the following chart of the decline of the US dollar against the Canadian. The low value of the dollar against other world currencies is a serious problem.

http://finance.yahoo.com/q/bc?s=USDCAD=X&t=3m&l=on&z=m&q=l&c=

[dumbblonde]

And the ever helpful US Dollar Index for the past year. Note the steady decline:

http://quotes.ino.com/chart/?s=NYBOT_DX