Oh, the humilitation.

[CrONoS]

Originally posted by JimmyCracksCorn

Cheaper internet porn

you actually pay for porn?
WTF is wrong with you?

What? You think that Porn is art, and you must encourage these artists...


I cast shame.... on YOU!


Shame On You!!!

Now you're paying for porn, what is going to be next? Paying for music....

[RGBVideo]

Originally posted by Barnabas
The USA has big deficits, thats the issue

This.

Originally posted by Ben Kenobi
They like American money up here, for the same reason you won't find any one down in the states who wants Canadian money. American money is more likely to keep it's value over time

Jesus ****, what a retarded US's ass-kissing knee-jerk answer. That is not true at all. Canadian currency is looking very strong at the moment because of the stability of Canada's long-term economy. US dollar, OTOH, is looking like a risk investment long-term, because US is giving out dollar-based loans like there's no tomorrow. When the next recession hits, US economy could be in big trouble. We'll probably see a depression.

Unless you'll get your faces slapped with another Trudeau, Canadian dollar might very well be more expensive than US$ for the entire next decade. Compared to the other leaders of the continent, Harper has been very pragmatical and responsible with how he's been dealing with the budget so far.

[Zkribbler]

This is sick.

quote:
culturejammer: you know what pennies are AWESOME for?
culturejammer: throwing at cats
culturejammer: it only costs a single penny
culturejammer: and they'll either chase it, or get hit by it and look pissed off
culturejammer: i now use that system to value prices of things
culturejammer: for example, a thirty dollar game has to be at least as awesome as three thousand catpennies

[JimmyCracksCorn]

Originally posted by cronos_qc


you actually pay for porn?
WTF is wrong with you?

What? You think that Porn is art, and you must encourage these artists...


I cast shame.... on YOU!


Shame On You!!!

Now you're paying for porn, what is going to be next? Paying for music....

I don't actually pay for porn, but if I did... it would be cheaper. As with paying for anything in USDs these days.

I really hope it stays like this. There are some wicked deals to be had...

[Drogue]

Originally posted by VJ
This.

Actually, it's not. The US is a special case. The reason deficits matter is that other countries borrow in dollars, and so crises affect their economy compared to the dollar. The US also borrows in dollars, so the crisis can only affect it's economy in relation to the dollar.

The reason the dollar is falling in value is due to the decline of its manufacturing, the rise of China (that hits the US hardest) and the lack of support for the dollar from the East Asian governments that used to prop it up to support their exports.

Ben is way, way off the mark, but it's not about budget deficits, they're only a small part of the US's problem. The problem is more US competitiveness, but even that isn't a problem, considering it's the US coming closer to the pack, rather than falling behind. The US exchange rate with Western countries will stabilise at a new rough equilibrium, as none of us are making huge gains on each other. It'll fall against the Yuan for a while though, as will other currencies.

While I'm not yet, I'll soon be tempted to start putting savings into dollars, as I reckon the market will overreact slightly before it stabilises.

[RGBVideo]

If I still respected economics as a "science" like I used to in my early teens, I probably wouldn't even try to question you,,but I've grown pretty cynical about the quality of the European university-level education when it comes to soft sciences. The phrase "but THIS is a special case" turned on my BS detector

The US also borrows in dollars

I already said this...

Ben is way, way off the mark, but it's not about budget deficits

Nobody said this...

The reason the dollar is falling in value is due to the decline of its manufacturing, the rise of China (that hits the US hardest) and the lack of support for the dollar from the East Asian governments that used to prop it up to support their exports.

Bunch of ad-hoc explanations made up by professors who need to read up their offered explanations from The Economist in order to upkeep a credible image (and thus, a steady income).

What you're meaning with "manufacturing" (phrase which has been no doubt repeated a lot by your educators wrt US economy, because it was a key phrase around '03 and '04 when grumbling about the decline of US' manufacturing jobs became a political question) is production (there is no real fundamental difference between selling services and industrial goods wrt currency's credibility, since they both bring back same sort of money to their producers). This can be seen and is included within the trade deficit, which is indeed especially big against China. "Lack of support from the East Asian governments"... East Asian (I presume you mean JP and CH mostly) governments are still propping up US$, actually they're doing it far, far more than they were in the 90s (when $ was gaining strength against European currencies) because they're taking more $-based loans from US. The problem seems to be that the market is slowly giving up it's faith on the US' ability to ever repay those $-based loans, which is why the long-term trend of US$ has been downwards since approximately spring, 2003.

Now there are obviously a lot of different factors since the currency rate is decided by the market, but spending and spreading good X (in this case, US$) like there's no tomorrow surely is a key factor when deciding the value of X, compared to other goods.

While I'm not yet, I'll soon be tempted to start putting savings into dollars, as I reckon the market will overreact slightly before it stabilises.

Want to make an avatar bet? US economy will be hit hard by the next recession because their GDP growth is loan-based, just like it was in the mid- and late-1980s.

[Zkribbler]

The US also borrows in dollars

Really?? This is so cool! We can get ramant inflation going once again, and end up paying China and Saudi Arabia only a fraction of what we borrowed from them.

[RGBVideo]

Originally posted by Zkribbler


Really?? This is so cool! We can get ramant inflation going once again, and end up paying China and Saudi Arabia only a fraction of what we borrowed from them.

Yup, this is what I've been and I am excepting you to do when (or if, depends how quickly your politicians turn responsible) **** hits the fan. It's threat is also the reason why I'm excepting the market value of US$ to gradually fall until at least the start of the next decade. You have the rights to print $'s as much as you want to, so it's a quick way to get rid of all those pesky $-based debts.

[Victor Galis]

My salary falls by the day

[Zkribbler]

And pensioners and other folks on a fixed income also take it in the neck.

[MRT144]

Originally posted by VJ

Yup, this is what I've been and I am excepting you to do when (or if, depends how quickly your politicians turn responsible) **** hits the fan. It's threat is also the reason why I'm excepting the market value of US$ to gradually fall until at least the start of the next decade. You have the rights to print $'s as much as you want to, so it's a quick way to get rid of all those pesky $-based debts.

and theres nothing that can possibly go wrong with this idea

[Mrs. Tuberski]

You guys are taking this as a bash against you. To be honest i dont really give a dam. Your dollar to ours i dont care what the rate is, the canadians take more american money then the us does, thats the deal. And as far as the pesos are concerned wht ever the internet says isnt the truth so therefore ur stastemnet is inconclusive cause i live here and and seen them deny it!!!! Pesos arent spent here, people may have them and see if a store will change them but most do not. I havent seen one that has ,

[Ben Kenobi]

Seriously. Why the **** would any merchant have any concerns about the Canadian dollar retaining value? He's bringing it to the bank in the morning to change it. And as for "international worth" (which I don't even understand as a concept, given the existence of a fairly stable currency market between the two), he's not going internationally.

It matters a big deal to a merchant whether a currency fluctuates or not. Canada, being a smaller country then the US is more apt to large currency fluctuations then the US. If you are a merchant, it's a hassle to figure out an exchange rate, when you don't have to accept the currency in the first place.

The ****ing CAD isn't the Zimbabwean whatever. Its value is not going to change significantly between accepting it and changing it over.

Not that long ago it was 62 cents American. If I'm a business in the US, unless I have a significant number of Canadian customers, it's not worth my while. The same is not true up here, where most business are receptive to the American dollars, because the banks readily accept them. Why do the banks readily accept them? Because it is a stable currency. Just because the American dollar is more stable then the Canadian dollar does not mean that the Canadian dollar is as stable as the currency in Zimbabwe. I didn't say that and I'm not sure where that hyperbole came from.

Yes the dollar is high now, all that proves is that our dollar is vunerable to fluctuations. I don't see where I attacked the Canadian dollar in any way shape or form. I merely said that American merchants do not accept the Canadian dollar which is true with a few exceptions close to the border.

[Ben Kenobi]

Jesus ****, what a retarded US's ass-kissing knee-jerk answer. That is not true at all. Canadian currency is looking very strong at the moment because of the stability of Canada's long-term economy. US dollar, OTOH, is looking like a risk investment long-term, because US is giving out dollar-based loans like there's no tomorrow. When the next recession hits, US economy could be in big trouble. We'll probably see a depression.

Unless you'll get your faces slapped with another Trudeau, Canadian dollar might very well be more expensive than US$ for the entire next decade. Compared to the other leaders of the continent, Harper has been very pragmatical and responsible with how he's been dealing with the budget so far.

No dispute from me. We've had booms and busts, and yes it is very much possible that we get another Trudeau. Just because it recently has had a large increase in value, does not mean that it has been more stable then the US dollar over a long period of time.

I was looking more at the last 50 years then at the last 3 months or so.

[KrazyHorse]

Originally posted by Ben Kenobi


It matters a big deal to a merchant whether a currency fluctuates or not. Canada, being a smaller country then the US is more apt to large currency fluctuations then the US. If you are a merchant, it's a hassle to figure out an exchange rate, when you don't have to accept the currency in the first place.

Actually, the CAD has always displayed LESS fluctuation (as measured against a basket of major currencies) than the USD has. Get a ****ing clue. Never mind the fact that the USD has the exact same variability against the CAD as the CAD has against the USD, of course. The only differences are, as I said, that US customers are more important as a percentage of customers of Canadian businesses than the other way around, and the greater familiarity of Canadians in general with the USD than vice versa.

Not that long ago it was 62 cents American. If I'm a business in the US, unless I have a significant number of Canadian customers, it's not worth my while. The same is not true up here, where most business are receptive to the American dollars, because the banks readily accept them.

WTF are you on about? Banks ANYWHERE in the US accept CAD at competitive exchange rates. I change Canadian currency all the time.

Why do the banks readily accept them? Because it is a stable currency. Just because the American dollar is more stable then the Canadian dollar does not mean that the Canadian dollar is as stable as the currency in Zimbabwe. I didn't say that and I'm not sure where that hyperbole came from.

What a bunch of retardedness. Already debunked.

Yes the dollar is high now, all that proves is that our dollar is vunerable to fluctuations.

And the fact that the USD is low doesn't prove that it's "vulnerable to fluctuations"?

Seriously, you ****ing loon. Fluctuations in CAD vs USD are EXACTLY the same as fluctuations in USD vs CAD, and "internationally" (measured against any basket you care to mention of major floating world currencies) the CAD has displayed LESS VARIABILITY historically. Technically speaking, the major trend has been that against oher major floating currencies the CAD is correlated with the USD, but with a lower variance. Non-technically (because I'm not sure you understand anything more complicated than the instructions on a shampoo bottle) it means that against other world currencies the trend has been that when the USD rises the CAD rises (but not as much, leading to a falling CAD vs USD) while when the USD falls, the CAD falls (but not as much, leading to a rising CAD vs USD)

Come back when you pull your head out of your ass.