The fall of the US economy...

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.

I dont think its the fall. Maybe its made intentionally:)

wow. I remember when I lived in Ontario and felt like the richest person ever.

that was like at .57 CAN to 1 USD

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).

Quebec is in California?

They're all gays there

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.

So Canada are going to refuse to let him go?

Quite right.

[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.

Finally, America is catching up to me!

Comrade Shampanyov, Gentleman wrote: Finally, America is catching up to me!

you going down the pan as well, Comrade?

Ahead of the pack! Trendsetter, I am.

oh, crap, time to get outta dodge...!

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.

so what exactly is fuelling the decline in the us dollar? is it the huge budget deficit, or is it the balance of payments?

in oz we no longer have a budget deficit, at least at the federal level. we still have a gap in the balance of payments though. our interest rates aren't that high an haven't risen for almost two years.

perhaps our dollar is rising in comparison to the us dollar due to the resources boom. we have lots of stuff that can be mined. we have also recently concluded a huge uranium export deal with china.

then again the usa is resource rich as well. i really don't know the reason why the us dollar should be falling. economic conditions are much the same as they were a couple of months ago.

it lowers the cost of American exports compared to the Euro ones or to the ones of other major contries which have other currencies... and the American trading is more competitive even within the North American free-trading zone (Canada+Mexico)... Well I am not an expert, but where is the logic otherwise ?

Spotnick wrote:

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!

What's your theory then Boss?.. Dramatic upturn in maple leaf syrup exports?. It certainly isn't Alanis Morrissette.

The decline of the dollar is not the fall of the US economy. Growth is at 8% way higher than any European country. Add this to interest rates being at an all time low of around 3% the economy is actually growing. Seems the idea of measuring a countries worth on the value of its currency is no longer appropriate.

To clarify, I don't think the exchange rate between the Candian & US dollar marks the decline of the US economy. Our trade deficit, particularly with China is one of the reasons. Then our goods are cheaper to export...I do think our country as a whole is in decline and this administration's policies are speeding up the process.

a lower currency does not necessarily mean a weaker economy. just ask the exporters. it will make their products much more internationally competitive. more sales equals more production equals more jobs equals more economic growth. in theory anyway. economics is a complex subject.

Its pretty obvious why Canada's currency is on the rise. Its called lots and lots of OIL!

When do the Americans start bombing another innocent country ?

SHEDSRUS wrote: When do the Americans start bombing another innocent country ?

Another innocent country??? When did we bomb an innocent country???

JHC

Another innocent country??? When did we bomb an innocent country???

IRAQ

AFGHANISTAN

PANAMA

GRENADA

NICARAGUA

CAMBODIA

Bugger this, take your pick

US Military Interventions United States Wars and Major Military Interventions, 1898-2000 Dates Country or War 1898 SPANISH-AMERICAN WAR: US invaded, occupied, and took control of Cuba, the Philippines, Puerto Rico, and other Spansih island colonies in the Pacific 1898 Hawaii: annexed by force 1898-1902 Cuba: US occupation following Spanish-American War 1898-1902 Philippines: 70,000 US troops fought insurrectionists led by Emilio Aguinaldo and occupied the islands until 1946, when Philippine independence granted 1900 China: troops from the US and other nations put down the Boxer Rebellion 1904-1906 Morocco: US Marine interventions 1904-1999 Panama: permanent US military bases protected US-controlled Panama Canal Zone 1907-1941 Dominican Republic: US military occupations 1905 to 1907; 1912; 1914; and 1916 to 1924; US controlled government finances 1905 to 1941 1906-1922 Cuba: US military ran the government from 1906 to 1909; occupied by US troops in 1912, and 1917 to 1922 1912-1925 Nicaragua: US military occupation 1909 to 1933, and controlled government finances from 1910 to 1924 1914-1917 Mexico: US military intervention during revolutionary turmoil; Marines sent to Tampico and Vera Cruz in 1914; from 1916 to1917, 6,000 US cavalry under Gen John Pershing clashed with troops of Caranza’s Mexican army 1915-1934 Haiti: US Marine occupation and US control of government finances 1917-1918 WORLD WAR I 1918-1920 Russia: US sent 15,000 troops to Murmansk, Archangel, and Vladivostok as part of an Allied force in opposition to the Bolsheviks
1941-1945 WORLD WAR II 1945-1949 Korea: post-War II US occupation 1945-1954 Germany: post-War II US occupation 1945-1957 Japan: post-War II US occupation 1950-1953 KOREAN WAR (undeclared): US major contributor to the United Nations armed forces 1954 Guatemala: CIA-trained exiles overthrew the socialist government
1958 Lebanon: 5,000 US Marines sent to aid President Chamoun government 1961 Cuba: 1,400 CIA-trained exiles landed at Bay and Pigs and were defeated
1964-1973 VIETNAM WAR (undeclared): US troops invaded Vietnam and Cambodia 1965 Dominican Republic: 20,000 US Marines occupied the countyr and installed a pro-American government 1975 Cambodia: US Marines attacked Tang Island to free merchant ship Mayaguez 1982-1984 Lebanon: US contributed troops to UN peace keeping force 1983 Grenada: 1,900 US Marines invaded and deposed the existing government 1984 Nicaragua: CIA secretly mined Nicaraguan harbors 1986 Libya: US bombed the capital at Tripoli 1989-1990 Panama: US invasion force of 24,000 overthrew President Noriega
1991 GULF WAR (undeclared): US-led invasion of Iraq involved 425,00 US troops 1994-1995 Somalia: US contributed troops to UN peace keeping force 1994-- Haiti: US occupation and subsequent contribution of 2,400 troops to a UN peace keeping force 1995-- Bosnia-Herzegovina and Macedonia: US contributed 20,000 troops to UN peace keeping force 1999-- Yugoslavia: US participated in NATO actions in Yugoslavia 1999-- East Timor: US contriubuted a small number of support personel to the UN peace-keeping force 2004-- IRAQ WAR (undeclared): US invasion

Greatest footballer that ever lived

Thank you James.