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The USD needs to stay high
Jack Digeridoo
machinimaniac
Join date: 29 Jul 2003
Posts: 1,170
11-22-2004 12:01
http://www.x-rates.com/d/CAD/USD/graph120.html

This is a bad trend and it needs to reverse.
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Paolo Portocarrero
Puritanical Hedonist
Join date: 28 Apr 2004
Posts: 2,393
11-22-2004 12:31
What am I missing? Doesn't a lowered dollar give Canadians greater buying power in the US?
Jack Digeridoo
machinimaniac
Join date: 29 Jul 2003
Posts: 1,170
11-22-2004 13:39
From: Paolo Portocarrero
What am I missing? Doesn't a lowered dollar give Canadians greater buying power in the US?


Yes, so good news for Wallmart. They will have record sales. I bet they're so awsome that I'll get a discount too when I'm forced to work there because everything high-tech in Canada will be too expensive. I can't wait.
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Paolo Portocarrero
Puritanical Hedonist
Join date: 28 Apr 2004
Posts: 2,393
WalMart aka the Evil Empire
11-22-2004 13:48
http://www.pbs.org/wgbh/pages/frontline/shows/walmart/
Tito Gomez
Mi Vida Loca
Join date: 1 Aug 2004
Posts: 921
11-22-2004 13:55
It is good or bad, depending from whose point of view. If the USD is high, good for American consumers; cheap vacations, cheap imports. If it is low, bad for consumers, good for U.S. business and the trade deficit. And yes, there is fear in foreign capitals right now. Time to buy American made products made in China.

- T -
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Jack Digeridoo
machinimaniac
Join date: 29 Jul 2003
Posts: 1,170
11-22-2004 14:27
Hehe, nice Che Guevara quote. I bet he'd be pissed off if he saw what Castro did. Just a hunch.

From: Tito Gomez
It is good or bad, depending from whose point of view. If the USD is high, good for American consumers; cheap vacations, cheap imports. If it is low, bad for consumers, good for U.S. business and the trade deficit. And yes, there is fear in foreign capitals right now. Time to buy American made products made in China.


High USD is really good for Canadians who get paid by US corporations. I don't have any stats but if it was too expensive for US companies to operate in Canada (because if the cost to pay salaries jumped by 30% becuase of the exchange rate), it would be devastating. Time to join the Army I guess.. Sigh...
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billy Madison
www.SLAuctions.com
Join date: 6 Jun 2004
Posts: 2,175
11-22-2004 14:28
its good for me.. im in the military stationed in germany.. the dollars value compared to the euro determines how much cola i get (cost of living allowance)
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Ulrika Zugzwang
Magnanimous in Victory
Join date: 10 Jun 2004
Posts: 6,382
11-22-2004 15:36
Ouch. Look at the U.S. Dollar drop against the Euro.

http://www.x-rates.com/d/EUR/USD/graph120.html

I remember the old days when a dollar could buy 1.20 Euros. That's a 58% decline. When are you red-state folks going to learn how to cipher?

~Ulrika~
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Neehai Zapata
Unofficial Parent
Join date: 8 Apr 2004
Posts: 1,970
11-22-2004 20:22
Damn that Bill Clinton! Still destroying the economy 4 years later.

When will he just stop hating America?
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Paolo Portocarrero
Puritanical Hedonist
Join date: 28 Apr 2004
Posts: 2,393
11-22-2004 20:38
You don't suppose the devaluation of the US dollar was a strategic move by the Fed to a) address the deficit and trade imbalance issues, and b) to counter-balance the artificial under-valuation of the Chinese currency?
Neehai Zapata
Unofficial Parent
Join date: 8 Apr 2004
Posts: 1,970
11-23-2004 07:31
It could be strategery, but I doubt it.

I think it is rampant unbridled spending.
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Ryen Jade
This is a takeover!
Join date: 21 Jun 2003
Posts: 1,329
11-23-2004 08:34
From: Jack Digeridoo
Yes, so good news for Wallmart. They will have record sales. I bet they're so awsome that I'll get a discount too when I'm forced to work there because everything high-tech in Canada will be too expensive. I can't wait.


Remember, the heart of wallmart is in the electronics department behind the tv's!
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From: Korg Stygian
Between you, Ryen the twerp and Ardith, there's little to change my opinion here.. rather you have reinforced it each in your own ways


IM A TWERP, IM A TWERP! :D

Whats a twerp? :confused:
Paolo Portocarrero
Puritanical Hedonist
Join date: 28 Apr 2004
Posts: 2,393
11-23-2004 08:41
From: Neehai Zapata
It could be strategery, but I doubt it.

I think it is rampant unbridled spending.


Hehe, "strategery" -- is that a Bushism or what? :P

Yeah, spending's a part of it, but when a country has a central bank like the US does, you gotta know the Feds are pulling a lot of strings and levers to manipulate the underlying economic systems, regardless of the administration.
Jack Digeridoo
machinimaniac
Join date: 29 Jul 2003
Posts: 1,170
11-23-2004 12:28
So who runs the Federal Reserve Banking system anyway? It's run by the government right?

Hey, and I heard somewhere your debt right now was 3.5% of your GDP. What was it during the great depression?

Oh and for the love of god, someone take this down :

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If you'll excuse me, it's, it's time to make the world safe for democracy.
Paolo Portocarrero
Puritanical Hedonist
Join date: 28 Apr 2004
Posts: 2,393
11-23-2004 12:36
From: Jack Digeridoo
So who runs the Federal Reserve Banking system anyway? It's run by the government right?
From: someone


Technically, yes, but in actuality, no. The Federal Reserve Board is a private corporation made up of a number of international banking conglomerates. Do some research on it. You'll be doing the Linda Blair in no time.
Jack Digeridoo
machinimaniac
Join date: 29 Jul 2003
Posts: 1,170
11-23-2004 12:49
My my. I have no more comments on this issue. All hail the FRB.
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If you'll excuse me, it's, it's time to make the world safe for democracy.