If this isn't possible it should be--debit cards with foreign currencySubmitted by haggercody on Sat, 01/26/2008 - 16:01
If this is possible please tell me because I am going to put all my money into it:
Is there a bank or financial institution that lets you convert your money to the foreign currency of your choice? Is that possible? It seems like it would be great for us, because we know the dollar is in decline, so we can put a bunch of our money in another currency. When it comes to buying something, we just swipe our card and this bank should deduct the funds at the current conversion rate.
I realize that if this were possible and everyone did it, the dollar would probably crash because the demand for the dollar would drop--but is that a bad thing? I mean--it has to happen. It's the dollars fault for being so inflated.