Well, I don't know about the rest of the world, but this week, it's expected that the canadian dollar will be worth 90% of the US dollar value.
Before Sept 11, it was 63% or something.
That is the highest level I've ever seen that's for sure...
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The fall of the US economy...
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Man I can remember when there was like 4 dollars to the pound.
All a big game anyway, until someone looses too much money and either everyone gets real poor real fast, or someone starts a shooting war over it.
Global ecconomics in 12 seconds by NOOL.
wow. I remember when I lived in Ontario and felt like the richest person ever.
that was like at .57 CAN to 1 USD
ChrissMari wrote: wow. I remember when I lived in Ontario and felt like the richest person ever.
that was like at .57 CAN to 1 USD
I doubt it.. never seen it under 60 cents.. but your point is there... that's a huge of a balance shift... the way it goes, by 2008 it will be 1$ for 1$...
Spotnick wrote:
ChrissMari wrote: wow. I remember when I lived in Ontario and felt like the richest person ever.
that was like at .57 CAN to 1 USD
I doubt it.. never seen it under 60 cents.. but your point is there... that's a huge of a balance shift... the way it goes, by 2008 it will be 1$ for 1$...
it was 57 cents in 1999 during the summer. It was short lived and went back up to 62 by end of july
I've never really understood why Canada and USA have different money. They're practically the same country, aren't they?
We have different notes in Scotland, but they are the same currency (although some cab drivers in England get sniffy if you try to pay with a Scottich £20 for a £3 fare).
ChrissMari wrote:
Spotnick wrote:
ChrissMari wrote: wow. I remember when I lived in Ontario and felt like the richest person ever.
that was like at .57 CAN to 1 USD
I doubt it.. never seen it under 60 cents.. but your point is there... that's a huge of a balance shift... the way it goes, by 2008 it will be 1$ for 1$...
it was 57 cents in 1999 during the summer. It was short lived and went back up to 62 by end of july
I doubled check on the Bank of Canada website, it's lowest point since 1997 was 0.6199 on 18 Jan 2002...
[black]Diamond[/black] wrote: I've never really understood why Canada and USA have different money. They're practically the same country, aren't they?
We have different notes in Scotland, but they are the same currency (although some cab drivers in England get sniffy if you try to pay with a Scottich £20 for a £3 fare).
Er.. no, they are not the same country, what makes you think we are?
Pretty good example is Quebec, french separatist province.. and gay weddings... I really doubt this will happen in the US any time soon (at a national level)
Plus, you have the perfect example RIGHT NOW why it's a good thing we don't have the same money... although people doing exportations to the US for a living are struggling a little right now.
I was reading about the Canadian guy who's been selling ganja seeds around the world. The Americans are pissed off with him, aren't they?
They want him extradited to the US so that they can kill him. Canada just want to let him get on with it - they don't mind people getting stoned.
[black]Diamond[/black] wrote: I was reading about the Canadian guy who's been selling ganja seeds around the world. The Americans are pissed off with him, aren't they?
They want him extradited to the US so that they can kill him. Canada just want to let him get on with it - they don't mind people getting stoned.
A great bloke, and fair play Canada for not letting the fucking US get on like they can enforce their laws in other countries, wankers.
[black]Diamond[/black] wrote: So Canada are going to refuse to let him go?
Quite right.
they might....but the UK and several other countries look the other way while a foreign paramilitary police force arrests it's citizens.
Spotnick wrote:
ChrissMari wrote:
Spotnick wrote:
ChrissMari wrote: wow. I remember when I lived in Ontario and felt like the richest person ever.
that was like at .57 CAN to 1 USD
I doubt it.. never seen it under 60 cents.. but your point is there... that's a huge of a balance shift... the way it goes, by 2008 it will be 1$ for 1$...
it was 57 cents in 1999 during the summer. It was short lived and went back up to 62 by end of july
I doubled check on the Bank of Canada website, it's lowest point since 1997 was 0.6199 on 18 Jan 2002...
weird... but fair enough
Yep. Bushco has fcuking up EVERYTHING. I wonder how soon the Mexican Peso Nuevo will parody US currency?
our dollar is well above the us 75 cent mark again as well. only five years ago we were as low as 50 cents.
FAC 51 wrote: Yep. Bushco has fcuking up EVERYTHING.
Including the educashun system, it would appear!
FAC 51 wrote: Yep. Bushco has fcuking up EVERYTHING. I wonder how soon the Mexican Peso Nuevo will parody US currency?
I would say that statement is not entirely true. We are no longer in a recession, which we hit a pretty big one in 1999 and took us 5-6 years to recover from.
JHC
68 Pontiac wrote:
FAC 51 wrote: Yep. Bushco has fcuking up EVERYTHING. I wonder how soon the Mexican Peso Nuevo will parody US currency?
I would say that statement is not entirely true. We are no longer in a recession, which we hit a pretty big one in 1999 and took us 5-6 years to recover from.
JHC
....
we are in a recession to which the fed provides temporary relieve by lowering interest rates
when the interest rates go up, and there isn't the job market that needs to be in place to support growth we'll be in deeper shit
Interesting is all this. Particularly (from my point of view) the pound gradually ebbing away at the dollar. Amazing that the pound is beating the dollar, despite much of the UK being under recession.
Economists for a long time (pre-1999) have been saying the US economy is in decline. As for its recent sharpness of decline, the recent foreign expenditure i.e. war policy must be draining it a lot. This decline will result in an upturn if the US gains control of the majority of the Middle East and therefore the oil supply, which appears to be a poorly disguised policy under the cloak of bashing dictatorships. Full steam on to Iran I suspect.
Comrade Shampanyov, Gentleman wrote: Finally, America is catching up to me!
you going down the pan as well, Comrade?
ChrissMari wrote:
68 Pontiac wrote:
FAC 51 wrote: Yep. Bushco has fcuking up EVERYTHING. I wonder how soon the Mexican Peso Nuevo will parody US currency?
I would say that statement is not entirely true. We are no longer in a recession, which we hit a pretty big one in 1999 and took us 5-6 years to recover from.
JHC
....
we are in a recession to which the fed provides temporary relieve by lowering interest rates
when the interest rates go up, and there isn't the job market that needs to be in place to support growth we'll be in deeper shit
True, and that is the cause of every American. We all want the cheapest deal, but yet we want health care, 401ks, retirements, full benefits, $30 and hour, etc. There isn't a balance, so all the jobs are moving overseas to create a temporary balance.
Thank you Walmart for leading the way.
JHC
68 Pontiac wrote:
ChrissMari wrote:
68 Pontiac wrote:
FAC 51 wrote: Yep. Bushco has fcuking up EVERYTHING. I wonder how soon the Mexican Peso Nuevo will parody US currency?
I would say that statement is not entirely true. We are no longer in a recession, which we hit a pretty big one in 1999 and took us 5-6 years to recover from.
JHC
....
we are in a recession to which the fed provides temporary relieve by lowering interest rates
when the interest rates go up, and there isn't the job market that needs to be in place to support growth we'll be in deeper shit
True, and that is the cause of every American. We all want the cheapest deal, but yet we want health care, 401ks, retirements, full benefits, $30 and hour, etc. There isn't a balance, so all the jobs are moving overseas to create a temporary balance.
Thank you Walmart for leading the way.
JHC
yup, that's what the studies say. blame walmart
This doesn't surprise me. In 2004, I recall that .84USD equalled one Canadian dollar. My sister was about to live in Winipeg in September, after she had been there briefly 2 months before, when the exchange rate was .72USD=1 canadian dollar.
Burt Reynolds wrote: Interesting is all this. Particularly (from my point of view) the pound gradually ebbing away at the dollar. Amazing that the pound is beating the dollar, despite much of the UK being under recession.
Economists for a long time (pre-1999) have been saying the US economy is in decline. As for its recent sharpness of decline, the recent foreign expenditure i.e. war policy must be draining it a lot. This decline will result in an upturn if the US gains control of the majority of the Middle East and therefore the oil supply, which appears to be a poorly disguised policy under the cloak of bashing dictatorships. Full steam on to Iran I suspect.
This is bullshit, really... usually the canadian economy follows exactly the US one... not this time though.
Why? That's a first in 139 years!
