Canadian Dollar On Par With The Us Dollar:)

[mrdannyg 274]

LOL!People who haven't graduated from 7th grade economics class.The value of a currency is based on a lot of things. For example, the Kuwaiti Dinar is valued higher than the US Dollar. A large part of the reason the US dollar is facing some devaluation has to do with extremely complex economic factors that probably wouldn't be understood by people who say stuff like Serge just did.Still, even if the US dollar were to find itself worth LESS than the Canadian dollar, it wouldn't change the fact that we're a massively more productive, innovative and important nation when compared to Canada, who could fall off the face of the earth and no one would really notice.We are "arrogant" for the same reason any winner is arrogant. And like losers, they are quick to point out any unfavorable circumstance that occurs with the winner because it makes their own irrelevancy and failure sting just a little less (like those shows in Europe where they do "man on the street" segments, asking the dumbest possible Americans simple geography and civics questions as if to show just how "dumb" Americans are. We could certainly do the same sort of show, asking dumb Canadians or Europeans simple questions and then showing the morons, but Americans wouldn't watch it, because we don't care about you)

though it is this exact ignorance that 'forces' an economically-horrific half-point drop in rates. the constant fear of dropping from the all-powerful height of the world is the reason the US is being overtaken by many countries in many important areas at an unheard-of rate historically.No one argued that Canada is more important to the international economy than the US, and yet that's what you argued. One could make the argument that, for its size, Canada's economic performance is better than the US' (currently), but that'd be a silly argument to try and make, considering their lack of comparability.The Canadian dollar is somewhat strong right now, but not nearly as much as the US dollar is weak. It is weak due to a complete lack of confidence in both the US and international confidence in the US' continued international dominance, and the safety of its currency. Americans would do well to ignore whiners like me and serge comparing it to our own incomparable currency, and wonder why their government is reacting to short-term fluctuations by instituting policies that will likely deepen recessionary periods and cause severe long-term damage to growth.

[SBriand 4]

though it is this exact ignorance that 'forces' an economically-horrific half-point drop in rates. the constant fear of dropping from the all-powerful height of the world is the reason the US is being overtaken by many countries in many important areas at an unheard-of rate historically.No one argued that Canada is more important to the international economy than the US, and yet that's what you argued. One could make the argument that, for its size, Canada's economic performance is better than the US' (currently), but that'd be a silly argument to try and make, considering their lack of comparability.The Canadian dollar is somewhat strong right now, but not nearly as much as the US dollar is weak. It is weak due to a complete lack of confidence in both the US and international confidence in the US' continued international dominance, and the safety of its currency. Americans would do well to ignore whiners like me and serge comparing it to our own incomparable currency, and wonder why their government is reacting to short-term fluctuations by instituting policies that will likely deepen recessionary periods and cause severe long-term damage to growth.

It's good to see that she let you out of the basement. I missed you.

[Pot Odds RAC 23]

though it is this exact ignorance that 'forces' an economically-horrific half-point drop in rates. the constant fear of dropping from the all-powerful height of the world is the reason the US is being overtaken by many countries in many important areas at an unheard-of rate historically.No one argued that Canada is more important to the international economy than the US, and yet that's what you argued. One could make the argument that, for its size, Canada's economic performance is better than the US' (currently), but that'd be a silly argument to try and make, considering their lack of comparability.The Canadian dollar is somewhat strong right now, but not nearly as much as the US dollar is weak. It is weak due to a complete lack of confidence in both the US and international confidence in the US' continued international dominance, and the safety of its currency. Americans would do well to ignore whiners like me and serge comparing it to our own incomparable currency, and wonder why their government is reacting to short-term fluctuations by instituting policies that will likely deepen recessionary periods and cause severe long-term damage to growth.

Dude.What is "economically-horrific" about a half-point drop in rates? This has been standard operating procedure for the Feds for DECADES. I'm going to continue to put my confidence in those experts rather than an arm chair QB like yourself who thinks he knows more about running the largest, strongest and most envied economy on the planet.

[silkyjonson 1]

Happy the Canadian dollar is doing well but for me its the worst time possible, where was this sht 3 years ago when I was paying tuition.

[MyPlayIsRAB 0]

as a business grad with a major in economics i thought id chime inthe us dollar is becoming devalued because of the amount of money americans spend vs what they earn. the american people sa a whole are putting themselves into massive debt by spending more than they earn, which has dampered credit issues in the US. since borrowing too much can be negatively affecting the economy, the dollar loses ground. and whoever said that canadas production and efficiency was way below the US, that is a main reason why our dollar is becoming more and more valuable vs the euro, pound and other major currencies. on t hat note, i graduated with a 2.7 GPA if anyone wants to argue my points, theyre probably righton a nother note, its funny to look at how the Canadian dollar was only worth about 65 cents when george w bush was elected, and its now worth $1.00. what a guy

[Pot Odds RAC 23]

as a business grad with a major in economics i thought id chime inthe us dollar is becoming devalued because of the amount of money americans spend vs what they earn. the american people sa a whole are putting themselves into massive debt by spending more than they earn, which has dampered credit issues in the US. since borrowing too much can be negatively affecting the economy, the dollar loses ground. and whoever said that canadas production and efficiency was way below the US, that is a main reason why our dollar is becoming more and more valuable vs the euro, pound and other major currencies. on t hat note, i graduated with a 2.7 GPA if anyone wants to argue my points, theyre probably righton a nother note, its funny to look at how the Canadian dollar was only worth about 65 cents when george w bush was elected, and its now worth $1.00. what a guy

Yeah. Clearly Bush's fault.

[SBriand 4]

Yeah. Clearly Bush's fault.

It's quite clear that he didn't blame it all on Bush. It's pretty obvious actually as he states why in the first part. I think you may need to realize that Presidents will have to endure some of the blame, they expect it, so should you.

[mrdannyg 274]

Dude.What is "economically-horrific" about a half-point drop in rates? This has been standard operating procedure for the Feds for DECADES. I'm going to continue to put my confidence in those experts rather than an arm chair QB like yourself who thinks he knows more about running the largest, strongest and most envied economy on the planet.

"envied" is a stretch. and while there is no doubt there are thousands of people working for the government that are much smarter than myself, if those people are severely constrained in their actions, they might not be able to apply this knowledge.What is economically-horrific is what I stated in the post. It will almost surely result in a larger than necessary recessionary period when the next one comes around. He's staved off the current one, but as the economy's growth was only slowing, and not negative, it was not necessary to do so. The goal of policy is not to increase growth, but to minimize recessionary periods. They are much more harmful than increased growth is beneficial.Luckily though, by the time that happens, a Democrat will be in office, and they'll be blamed for the economic collapse.

[hank213 1,823]

I think it is rather humorous that Canadians are celebrating a tie (essentially) like they landed on the moon or created a polio vaccine or something.

[digitalmonkey 929]

I think it is rather humorous that Canadians are celebrating a tie (essentially) like they landed on the moon or created a polio vaccine or something.

I think it's quite ridiculous how this has turned into yet another "my country is better than yours" debate.Both countries are great places to live.F*ck the dollar vs dollar debate. How will it affect me personally when I go to buy groceries or fill up the tank? That's what I care about.

[Pot Odds RAC 23]

I think it is rather humorous that Canadians are celebrating a tie (essentially) like they landed on the moon or created a polio vaccine or something.

Especially when you consider the fact that, like it or not, their Economy is rather linked to the American economy. Gleefully celebrating the downturn of the American economy is sort of like laughing at your fellow Titanic passenger as he falls into the water.

[scram 1]

you sir have no clue about economics...

Then...

The United States is no longer a world power in business as China , Japan and most European countries have passed them...

LMAO

[DrawingDeadInDM 0]

how far the mighty US has fallen...It looks good on them , and their cocky ignorant view of the world...

Get AIDS. Then go wallow for hours in the waiting room of the Socialized holocaust that is your nationwide healthcare.

I think it's quite ridiculous how this has turned into yet another "my country is better than yours" debate.

Nevermind..don't get AIDS.

[Pot Odds RAC 23]

"envied" is a stretch. and while there is no doubt there are thousands of people working for the government that are much smarter than myself, if those people are severely constrained in their actions, they might not be able to apply this knowledge.What is economically-horrific is what I stated in the post. It will almost surely result in a larger than necessary recessionary period when the next one comes around. He's staved off the current one, but as the economy's growth was only slowing, and not negative, it was not necessary to do so. The goal of policy is not to increase growth, but to minimize recessionary periods. They are much more harmful than increased growth is beneficial.Luckily though, by the time that happens, a Democrat will be in office, and they'll be blamed for the economic collapse.

Sort of like how Bush was blamed for the "Recession" in his first term?

[scram 1]

though it is this exact ignorance that 'forces' an economically-horrific half-point drop in rates. the constant fear of dropping from the all-powerful height of the world is the reason the US is being overtaken by many countries in many important areas at an unheard-of rate historically.

Manufacturing, for sure...Other than that? Not much.I am actually way, way bearish on the American economy (70%+ of my own portfolio is in emerging markets), but a bearish American economy is still so much more productive and relevant to it's competitors (save for maybe China) that to hear turds in Canada make such idiotic statements is like watching the monkeys in the 3rd World cheer the collapse of the twin towers.Are they cheering because they "hate America", or are they cheering because they're unable to build towers of their own? You have to understand the magnitude of dominance America has imparted on the world for the past 100 years. It isn't much of a shock that other nations would eventually get their shit together and start to catch up (like Europe becoming "The United States Of Europe" rather than just a fragmentary mess of shitty little cheese producing countries). A Canadian looks around their home and sees that it's filled with things that- either in manufacture, concept or design- originated in America. An American doesn't suffer from any such "daily reminders" of inferiority, save for maybe having to deal with the fact that the globes base of production is now in China and we've lost a lot of jobs in that sector. The devaluation of our dollar is inextricably tied to our debt, which is cyclical and political in nature. Right now, we have the worst president we've had in at least a century- possibly ever. In time, this too shall pass and we will get in a fresh set of Jews to bring our economic footing back. We've seen this in the 30's, the 70's, and again in whatever the **** we call this "2000's" decade. And in time, we will get out of this one too. We are where we are because of poor short term management- not a flaw in our model.

[digitalmonkey 929]

http://www.cbc.ca/news/background/economy/loonie.htmlCheaper iPods....woohoo....that's what it's all about!

[silkyjonson 1]

Im not even going to touch this thread, I really think nothing good will come of it.

[Jadaki 0]

This thread needs to get back on topic....Crash tell us about this Canadian rim job, and don't spare the details.

[WrongWay 0]

The value of a currency is based on a lot of things. For example, the Kuwaiti Dinar is valued higher than the US Dollar. A large part of the reason the US dollar is facing some devaluation has to do with extremely complex economic factors that probably wouldn't be understood by people who say stuff like Serge just did.

(imports - exports + foreigners invest here - we invest in other country) * net goods in your economy/how many units on money Assuming fixed purchasing power, if more money flows out your country than in, your country's currency gets more valuable in relation to other nations currencies. Assuming balanced infow and outflow, if you print a bunch of money without net goods available for purchase increasing, then you devalue your currency.For the last 7 years, we've been adding money to the system without increasing amount of goods available for purchase meaning inflation and reduced purchasing power. Much of the inflation has been masked by wage deflation through off-shoring and in-sourcing plus much of the wealth was in unrealizable gains in house prices. However, as that bubble pops, we're flooding real money into the system. We've also been buying much more from overseas than they've been buying from us, but that was okay since they were loaning us our money back. Debt has been our main export!Well, foreigners are no longer buying our debt, we're seeing real inflation, lots of Americans are getting out of U.S. dollar denominated investments, foreigners are no longer investing here, and with the falling dollar, the stuff we do buy is getting more and more expensive.So, money out, much less money in, lots more money being printed = Rapidly falling dollar!Not that complex!

Still, even if the US dollar were to find itself worth LESS than the Canadian dollar, it wouldn't change the fact that we're a massively more productive, innovative and important nation when compared to Canada, who could fall off the face of the earth and no one would really notice.

And, despite our massive productivity... it is mostly just in moving debt around. If we want to buy something, odds are it has more Chinese content than U.S. content. We don't make anything except debt, and tools for moving debt around.

We are "arrogant" for the same reason any winner is arrogant.

In case you haven't noticed... the falling dollar indicates we are losing! We are headed for a deep and ugly recession, perhaps second great depression. Now is not the time to be arrogant. We won the lottery, then we pissed it all away on cheap chinese crap, on crazy tech gambles, on a military that is more expensive than every other military in the world combined, on overpriced houses, on giant vehicles, on S&L bailouts, on tax cuts to the super rich, on giant plasma tvs, on extravigant vacations, etc. etc. etc.We're broke!

[digitalmonkey 929]

[RhinestoneCowboy 2]

Can we lock these threads now? Chicken Little has arrived...

[Pot Odds RAC 23]

Can we lock these threads now? Chicken Little has arrived...

You know, some day the sky really is going to fall (or economy really will crash, or globe really will warm, or blah really will blah) and who'll be laughing then?

[digitalmonkey 929]

You know, some day the sky really is going to fall (or economy really will crash, or globe really will warm, or blah really will blah) and who'll be laughing then?

I disagree; blah will NEVER blah.

[mrdannyg 274]

LMAO

Don't laugh, Luxembourg has already overtaken the US Economy

Get AIDS. Then go wallow for hours in the waiting room of the Socialized holocaust that is your nationwide healthcare.

yep, much better to go die in a gutter.

Sort of like how Bush was blamed for the "Recession" in his first term?

yes, exactly like that.

Manufacturing, for sure...Other than that? Not much.I am actually way, way bearish on the American economy (70%+ of my own portfolio is in emerging markets), but a bearish American economy is still so much more productive and relevant to it's competitors (save for maybe China) that to hear turds in Canada make such idiotic statements is like watching the monkeys in the 3rd World cheer the collapse of the twin towers.Are they cheering because they "hate America", or are they cheering because they're unable to build towers of their own? You have to understand the magnitude of dominance America has imparted on the world for the past 100 years. It isn't much of a shock that other nations would eventually get their shit together and start to catch up (like Europe becoming "The United States Of Europe" rather than just a fragmentary mess of shitty little cheese producing countries). A Canadian looks around their home and sees that it's filled with things that- either in manufacture, concept or design- originated in America. An American doesn't suffer from any such "daily reminders" of inferiority, save for maybe having to deal with the fact that the globes base of production is now in China and we've lost a lot of jobs in that sector. The devaluation of our dollar is inextricably tied to our debt, which is cyclical and political in nature. Right now, we have the worst president we've had in at least a century- possibly ever. In time, this too shall pass and we will get in a fresh set of Jews to bring our economic footing back. We've seen this in the 30's, the 70's, and again in whatever the **** we call this "2000's" decade. And in time, we will get out of this one too. We are where we are because of poor short term management- not a flaw in our model.

The first bold is true. I disagree with most of the rest, but it isn't particularly important. The multiple instances of racism is a nice touch though. The internet sure makes people tough. Don't confuse pride with hatred. Your point about the American and Canadian looking around their houses is pointless.The second bold is what I was trying to say - I did not mean to suggest the model was flawed. Frankly, the model is not original or in question. What is in question is the short-term management. I was trying to argue it is severely flawed and problematic, and you seem to agree. *high-five*

[Shimmering Wang 1]

Don't laugh, Luxembourg has already overtaken the US Economy yep, much better to go die in a gutter.yes, exactly like that.The first bold is true. I disagree with most of the rest, but it isn't particularly important. The multiple instances of racism is a nice touch though. The internet sure makes people tough. Don't confuse pride with hatred. Your point about the American and Canadian looking around their houses is pointless.The second bold is what I was trying to say - I did not mean to suggest the model was flawed. Frankly, the model is not original or in question. What is in question is the short-term management. I was trying to argue it is severely flawed and problematic, and you seem to agree. *high-five*

This better not be sarcastic. Because the thing about the Jews kiking up the economy in the next few years WAS a nice touch.Wang