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Canadian Dollar On Par With The Us Dollar:)


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#41 digitalmonkey

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Posted 20 September 2007 - 10:14 AM

http://www.cbc.ca/ne...omy/loonie.htmlCheaper iPods....woohoo....that's what it's all about!
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

#42 silkyjonson

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Posted 20 September 2007 - 10:15 AM

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

#43 Jadaki

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Posted 20 September 2007 - 10:28 AM

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

#44 WrongWay

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Posted 20 September 2007 - 10:49 AM

View Postscram, on Thursday, September 20th, 2007, 8:46 AM, said:

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!

View Postscram, on Thursday, September 20th, 2007, 8:46 AM, said:

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.

View Postscram, on Thursday, September 20th, 2007, 8:46 AM, said:

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!
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#45 digitalmonkey

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Posted 20 September 2007 - 10:53 AM

Posted Image
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

#46 RhinestoneCowboy

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Posted 20 September 2007 - 11:08 AM

View PostWrongWay, on Thursday, September 20th, 2007, 1:49 PM, said:

Can we lock these threads now? Chicken Little has arrived...
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#47 Pot Odds RAC

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Posted 20 September 2007 - 11:12 AM

View PostRhinestoneCowboy, on Thursday, September 20th, 2007, 11:08 AM, said:

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?

#48 digitalmonkey

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Posted 20 September 2007 - 11:15 AM

View PostPot Odds RAC, on Thursday, September 20th, 2007, 3:12 PM, said:

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.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

#49 mrdannyg

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Posted 20 September 2007 - 11:30 AM

View Postscram, on Thursday, September 20th, 2007, 1:00 PM, said:

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

View PostDrawingDeadInDM, on Thursday, September 20th, 2007, 1:04 PM, said:

Get AIDS. Then go wallow for hours in the waiting room of the Socialized holocaust that is your nationwide healthcare. :D
yep, much better to go die in a gutter.

View PostPot Odds RAC, on Thursday, September 20th, 2007, 1:09 PM, said:

Sort of like how Bush was blamed for the "Recession" in his first term?
yes, exactly like that.

View Postscram, on Thursday, September 20th, 2007, 1:11 PM, said:

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*
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#50 Shimmering Wang

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Posted 20 September 2007 - 11:40 AM

View Postmrdannyg, on Thursday, September 20th, 2007, 3:30 PM, said:

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

#51 WrongWay

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Posted 20 September 2007 - 12:26 PM

View PostRhinestoneCowboy, on Thursday, September 20th, 2007, 12:08 PM, said:

Can we lock these threads now? Chicken Little has arrived...
Don't confuse Chicken Little with Boy that Cried Wolf.Last time (before about a year ago) I talked about the sky falling was 1999. Yes, some people spend their whole lives redicting financial doom, and one in a while are right. I talk about it coming for about a year defore it happens. Half point ffr cut... 1% in the discount rate in the last month, and still stocks are lower than they were 2 months ago? I was talking about falling house prices when no one else was.... Now EVERYONE is talking about it.I'm not the boy that cried wolf. I'm the chicken that notices the sky is cracking, about a year before it falls. So far, I'm two for two.
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#52 runthemover

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Posted 20 September 2007 - 12:34 PM

View PostShakeZuma, on Thursday, September 20th, 2007, 9:18 AM, said:

yeah, but at least we're not canadian
yeah, well at least I'm an orange

#53 Pot Odds RAC

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Posted 20 September 2007 - 12:39 PM

View PostWrongWay, on Thursday, September 20th, 2007, 12:26 PM, said:

Don't confuse Chicken Little with Boy that Cried Wolf.Last time (before about a year ago) I talked about the sky falling was 1999. Yes, some people spend their whole lives redicting financial doom, and one in a while are right. I talk about it coming for about a year defore it happens. Half point ffr cut... 1% in the discount rate in the last month, and still stocks are lower than they were 2 months ago? I was talking about falling house prices when no one else was.... Now EVERYONE is talking about it.I'm not the boy that cried wolf. I'm the chicken that notices the sky is cracking, about a year before it falls. So far, I'm two for two.
...beacuse NOBODY else but you was talking about the economy a year ago. News flash: There have been "Real Estate Bubble" articles for the past 18 months.You must be some sort of economic indicator genius. Guess you made a boatload of $ from your prescience.A few years ago my wife and I had made a couple of job changes in the preceeding years. There were these little pockets of $ in various plans at different employers. We decided it was time to consolidate. We cashed out a very large sum of cash from those and other sources and had all of the checks sitting in a safe waiting to be deposited. However we are sort of procrastinators and self proclaimed financial morons. They sat for a couple of months. A couple of days before we finally had a meeting scheduled with our advisor to deposit them into a new set of funds, a bunch of planes started flying into buildings. We basically cashed out at the relative market high and then bought back in when it hit rock bottom.I'll take dumb luck sometimes.

#54 hblask

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Posted 20 September 2007 - 12:43 PM

View Postgrocery_mony, on Thursday, September 20th, 2007, 10:02 AM, said:

Hehehe no more Canadian dollar jokes. I remember a few years back when it cost me $1650 to buy $1000US. Who knows by the end of the day are dollar might be worth more. Just about time to start buying US real estate.
I can't believe this has turned into a "which country is better" discussion. We don't make fun a Canadian money because of the exchange rate, we make fun of it because it has lots of weird colors and funny pictures on it. And because you guys use the metric system, which just means more conversions for our little brains.
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#55 mtdesmoines

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Posted 20 September 2007 - 12:44 PM

View Postserge, on Thursday, September 20th, 2007, 8:08 AM, said:

you sir have no clue about economics...The US dollar is devalued against every major currency in the world because of the state of the the US economy...Have you seen the real estate market in major US states like California, Florida and Michigan?Have you seen the foreclosure numbers?The fed cut interest rates by a half point...Did they do that because the economy is doing well???COMPLEX ECONOMIC FACTORS...yeah mr intelligent economist explain these COMPLEX economic factors...The United States is no longer a world power in business as China , Japan and most European countries have passed them...And if you have ever been to Europe the view of United States is not of a world power but of a WORLD BUFFOON...Oh by the way what ever happened to the WEAPONS OF MASS DESTRUCTION??And also tell me in what defines that America as a winner??The wonderful health care system?The huge deficit that is run?The very intelligent leader in the White House?The illiteracy rate?The health of the public?The availability of illegal drugs?The gun problem?All these issues is I guess what makes America so great...hmmmmm
Real estate bubbles come and go in the US economy with hardly a blip on the value of the dollar. The true source of these troubles are NAFTA, the flood of illegal immigrants into the US, and the flood of cheap shit from China.
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#56 RhinestoneCowboy

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Posted 20 September 2007 - 12:45 PM

View PostWrongWay, on Thursday, September 20th, 2007, 3:26 PM, said:

Don't confuse Chicken Little with Boy that Cried Wolf.Last time (before about a year ago) I talked about the sky falling was 1999. Yes, some people spend their whole lives redicting financial doom, and one in a while are right. I talk about it coming for about a year defore it happens. Half point ffr cut... 1% in the discount rate in the last month, and still stocks are lower than they were 2 months ago? I was talking about falling house prices when no one else was.... Now EVERYONE is talking about it.I'm not the boy that cried wolf. I'm the chicken that notices the sky is cracking, about a year before it falls. So far, I'm two for two.
You've posted how you called the "sky falling" back in 99 about a million times...Guess what, I predicted the uprising of Hitler and noone listened to me then, but listen to me now when I say that Danny Devito is going to try to take over the world. IASIP is brainwashing us...........edit: I use Chicken Little for the "sky is falling" reference...
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QUOTE(astros11ss @ Monday, September 24th, 2007, 10:00 AM) View Post
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#57 Pot Odds RAC

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Posted 20 September 2007 - 01:02 PM

I guess the only reason for me to endure crossing the River to play at Casino Windsor is for the drunk 19 year old fish - and the Windsor Ballet.

#58 LongLiveYorke

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Posted 20 September 2007 - 01:40 PM

This thread sucks.Just because America sent men to the moon and you happen to be an American doesn't mean that you had jack all to do about it. Why do people base their values on the groups that they're in?I was born in America, and America's the best, therefore I'm the best! Canada has national health care, and you live in Canada, and I happen to disagree both philosophically and practically with the concept of over socialization of certain government programs, therefore you're a pussy. The US dollar is falling, and you live in the US, therefore you're an overspending, lazy, spoiled, vacationing Paris Hilton little girl. I bore of it all.Also, to the person who said that the president was smart because he went to Yale:HA!(It's probably not too hard to get into college if your father is the head of the CIA.)This was an odd post on my part. I think I'll have dinner soon.

#59 serge

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Posted 20 September 2007 - 01:51 PM

View Posthblask, on Thursday, September 20th, 2007, 1:43 PM, said:

I can't believe this has turned into a "which country is better" discussion. We don't make fun a Canadian money because of the exchange rate, we make fun of it because it has lots of weird colors and funny pictures on it. And because you guys use the metric system, which just means more conversions for our little brains.
I thought this was funny when i read it....US money is starting to look more like Canadian with more colours(yes its spelled with U) we speak English in canada not Americanese....http://wcbstv.com/lo..._263153216.html
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#60 DrawingDeadInDM

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Posted 20 September 2007 - 02:27 PM

View PostLongLiveYorke, on Thursday, September 20th, 2007, 1:40 PM, said:

This thread sucks.Just because America sent men to the moon and you happen to be an American doesn't mean that you had jack all to do about it. Why do people base their values on the groups that they're in?I was born in America, and America's the best, therefore I'm the best! Canada has national health care, and you live in Canada, and I happen to disagree both philosophically and practically with the concept of over socialization of certain government programs, therefore you're a pussy. The US dollar is falling, and you live in the US, therefore you're an overspending, lazy, spoiled, vacationing Paris Hilton little girl. I bore of it all.Also, to the person who said that the president was smart because he went to Yale:HA!(It's probably not too hard to get into college if your father is the head of the CIA.)This was an odd post on my part. I think I'll have dinner soon.
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