LOL @ American Economy

LOL

The US dollar is almost the same as the Canadian

Back when I moved here it was 60 cents to a dollar. Wow, what a turnaround. I wonder how it'll be in 6 months.

(Ill add more info later)

Lol, for $100 american you get 9 cents extra in Canadian

This is what happens when you do away with the gold standard.

Well, in currency exchange, when you compare the two currencies, the lower one is the most valuable one.

Well, in currency exchange, when you compare the two currencies, the lower one is the most valuable one.

my bad but its close

wow, though somehow I find this hard to believe. Why isn't this like breaking news all over the place?

wow, though somehow I find this hard to believe. Why isn't this like breaking news all over the place?

Yahoo finance--doubt this is wrong.

That's wierd... in book stores, it still says like "6.99 US, 9.99 Canada"

Welp, i'm depressed

LOL @ the title of this thread.

lol @ another wicked random thread

Potential battle coming up?

That's wierd... in book stores, it still says like "6.99 US, 9.99 Canada"

:? Not news to me. Its been all over the news. Canadians have been flooding America, getting stuff for mad cheap. Heck, a few months ago, it was like 96 cents to a dollar.

Us Canadians will take over :twisted:

The AU dollar has risen alot against the US dollar in the last few months too, it was around 1.00:0.70 for a long time and has recently been nearing 85, which is nice for me considering I buy alot from the US :lol:

Australian dollar over the past 5 years

Canadian dollar over the past 5 years

Both seem to be heading the same way :P

Perhaps it's that the Canadian economy booming, and not American falling?

It's not like Canada has a war or anything

Interest rates are probably going to go up to keep people from spending and bring the dollar back down. It's not always a good thing.

It's hardly reason to laugh at their economy :-k

It's still by far the strongest in the world.

Save America Today!

Keep our cash valuble! Before a Huge littering party arises and you see green backs floating into the sea!

Yeah, our economy sucks big time.. which is why Bush is probably at war.. getting "valuble resources" to save our sorry ***es

~Defender~

Save America Today!

 

 

 

Keep our cash valuble! Before a Huge littering party arises and you see green backs floating into the sea!

 

 

 

 

 

Yeah, our economy sucks big time.. which is why Bush is probably at war.. getting "valuble resources" to save our sorry ***es

 

 

 

~Defender~

Yeaaah... Your economy is [bleep]ed up because of the war..

Save America Today!

 

 

 

Keep our cash valuble! Before a Huge littering party arises and you see green backs floating into the sea!

 

 

 

 

 

Yeah, our economy sucks big time.. which is why Bush is probably at war.. getting "valuble resources" to save our sorry ***es

 

 

 

~Defender~

 

Yeaaah... Your economy is [bleep] up because of the war..

Probably that too.. but war helped during the depression age, haha.

~Defender~

No, a massive program of state-sponsored construction programs that simultaniously revitalized the industrial infrastructure and provided thousands of unemployed with a new job and money to spend in the stores helped during the depression. Of course nowadays suggesting something like that would mean you're a commie. War is always bad for the economy as it requires investing huge amounts of resources, money and manpower from the most productive part of the population (males aged 18-35) that rarely yields any kind of profitable returns.

No, a massive program of state-sponsored construction programs that simultaniously revitalized the industrial infrastructure and provided thousands of unemployed with a new job and money to spend in the stores helped during the depression. Of course nowadays suggesting something like that would mean you're a commie. War is always bad for the economy as it requires investing huge amounts of resources, money and manpower from the most productive part of the population (males aged 18-35) that rarely yields any kind of profitable returns.

Not since Vietnam. Iraq isn't taking anyone out of the workforce, the military is fully career soldiers at the moment.

Even if they're not being drafted, they're still fighting and dying abroad rather than working in factories and offices. War takes manpower, regardless of whether that manpower comes from professional soldiers or draftees.

War never has, nor ever will, recover a country's economy. I'm shocked someone from America would actually think it would, considering you were the victims of a desperate attack on Pearl Habour...

Of course nowadays suggesting something like that would mean you're a commie.

Even though that kind of regenration existed WAY before Marx came along, and was actually used most effectively by the Fascist Nazis?

State-funded regeneration does. It raised demand for labour, reducing unemployment, as well as providing a need for primary industries. these primary industries then need a transport system, so one's built, which creates jobs both in the transport sector and the building sector, which again, drives a need for iron, oil and other fuels. And so on, and so forth.

War stretches an economy to the point where it eventually collpases in on itself. In fact, most modern day wars aren't won through military dominance, but through attrition and economic crisis. Trust me - your economy is what stops everyone else attacking America, not its military. :wink:

Back on-topic though, I belive the US Dollar is actually becoming weaker. It's not just the Canadian and Australian Dollars that are becoming stronger against the US Dollar. I think the pound is now over twice as strong as the US Dollar. Either everyone else is becoming stronger (not likely), or the US Dollar is becoming weaker (very likely considering recent events).

Of course nowadays suggesting something like that would mean you're a commie.

Even though that kind of regenration existed WAY before Marx came along, and was actually used most effectively by the Fascist Nazis?