34 replies to this topic

[Zancloufer]

1 US Dollar = 1.06830 Canadian Dollar

Yeah. It seems that the US ecomoneny is going south. From what I see the Canadian dollar isn't going anywhere, it's the US dollar.

What do you think could be causing this?

Edited by Zancloufer27, 17 June 2007 - 18:40.

[Waris]

I dunno, maybe it has something to do with amount of foreign demand of US dollars.

Half a year ago, 1 USD = RM3.76
Today, 1 USD = RM3.50

Edited by Waris, 17 June 2007 - 18:46.

[Whitey]

The US dollar is plummeting thanks to economic issues including war, illegal immigration, and other foreign influence on the part of Americans.

[Nuke General]

Dang, that kindo stinks...

[Zancloufer]

 Waris, on 17 Jun 2007, 14:46, said:

I dunno, maybe it has something to do with amount of foreign demand of US dollars.

No, but the plummet of the US dollar is probably causing it.

[Whitey]

It does suck and pretty soon it will probably suck much more because of the following economic drop. But there's nothing I can do 'bout it nor you, so forget it. The dollar is dropping and that is fact.

[Rayburn]

I win.

1 Euro = 1.33935 US Dollar
1 US Dollar (USD) = 0.74663 Euro (EUR)

I think it was more sometime last year. I remember something on TV that tourists who visit the US have awesome chances to grab some things because the money is worth so much more.

Edited by Rayburn, 17 June 2007 - 19:08.

[Whitey]

Which is completely true.

[Zancloufer]

 Rayburn, on 17 Jun 2007, 15:07, said:

I win.

1 Euro = 1.33935 US Dollar
1 US Dollar (USD) = 0.74663 Euro (EUR)

No the Brittish do

1.00 Pound = 1.97580 US Dollar
1.00 US Dollar = 0.506124 Pound

[Warbz]

awesome. I win.

[Razven]

Devaluation is slowly setting in. Soon, the United States will follow the path that Germany took after WWI.

In 1971,Nixon decided to take the USD off the gold standard, changing the money from "real money", an asset to a currency; a liablity, sheets of IOUs. Between 1996 and 2006, the USD has lost half of its value when compared to gold. In 1996, gold was selling for approx. $250 an ounce. By 2006, it's selling for $1000 an ounce.

It's not inflation, it's devaluation.

[Zancloufer]

However Inflation causes devaluation Though it won't have as much affect as if it was on the gold standard.

Edited by Zancloufer27, 17 June 2007 - 21:47.

[MentalAss]

O_O This must be the record high for the Canadian Dollar!

[Whitey]

No, just the record low for the American dollar more likely.

[Razven]

 Zancloufer27, on 18 Jun 2007, 5:47, said:

However Inflation causes devaluation Though it won't have as much affect as if it was on the gold standard.

Inflation is becuase the price of things are going up . Devaluation is becuase the currency's value has gone down. One is the price of the object, the other is the "price" of your currency.

[Dauth]

Woo its the 2 dollar pound!!!!!!!! It was at that over xmas and tons of Brits went to New York to get serious bargains.

[Zancloufer]

I've actually looked up some exchange rates. The Canadian dollar is higher than everything except the Euro/Pound. Perhaps the Canadian dollar is going somewhere.

[Overdose]

 Zancloufer27, on 18 Jun 2007, 8:55, said:

I've actually looked up some exchange rates. The Canadian dollar is higher than everything except the Euro/Pound. Perhaps the Canadian dollar is going somewhere.

Aye same over here, we're getting closer to the dollar by the month (despite the week's desappreciation)

Edited by Overdose, 19 June 2007 - 17:56.

[TehKiller]

now thats some change....

couple of months ago it was stats like this:

1USD=7.59 HRK
1pound=10.07 HRK
1Euro=7.38 HRK

now:
1USD=4.66 HRK
1 pound=10.97 HRK
1 EUR=7.89 HRK
and Canadian dollars are worth 4.48 HRK which is only little bit less than US

now the point is:US is dropping way too low while the others are raising (thought this could make some problems with poor countries entering the EU because they will have to change the currency to Euro)

[Thinker]

I remeber reading on the internet somewhere it was becuase americans arent using money to pay for things but credit cards instead. Is that true can someone enlighten me on this?

[Zancloufer]

Probably is. The entire country is also in an insane dept

[Whitey]

All countries are in an insane debt. The US debt is lesser than a lot of people's though, funny enough.
I don't think credit cards have much to do with it because they are just ways of transferring money with the dollar amount paid to the cred card company and all that jazz, (I think it's useless). But maybe it is part of the cause I don't know.

[Razven]

The entire amount of money used around the world to invest in stocks, bonds and funds would not cover the US's current trade deficit, it would still have a deficit of something like 1-3trillion USD left.

[Cryptkeeper]

theres also the fact there more us bills in circulation then Canadian bills

[AllStarZ]

 Solo Wing, on 19 Jun 2007, 22:21, said:

All countries are in an insane debt. The US debt is lesser than a lot of people's though, funny enough.
I don't think credit cards have much to do with it because they are just ways of transferring money with the dollar amount paid to the cred card company and all that jazz, (I think it's useless). But maybe it is part of the cause I don't know.

Wrong. Your external debt is way higher than any in the world right now. You owe... 10,040,000,000,000 dollars. Britain is next in line. The thing is though, as much as you depend on other countries for trade, others depend on you.

I'd have to say that the war, outsourcing, and the massive losses sustained by some companies (Ford Motor Co.) are getting to you.

Immigration doesn't "steal jobs", nor do theyaltogether leach that much welfare. Most of it is being leached by poor white trash who can't get jobs. The biggest concern as far as I know about Mexican illegal immigration is exactly how it will change things culturally. There will always be exceptional cases.

And also those U.S. bills have much higher backing than Canadian bills... so yeah.

Edited by AllStarZ, 20 June 2007 - 03:06.