I just have to make a post about this. Ive had to put up with corney and stupid comments from Americans for literally over a decade about how our money is worth nothing and how they are basically super awesome because our dollar was only worth 65cents compared to theirs.
Today the Canadian dollar rose as high as 1.10 american and closed at around 1.07. And it has trends of going even higher. Stuff is starting to get cheaper over here because of it, its great. Your Republican allegedly conservative government is pounding your economy into the ground, and the people who voted for them were stupid right wing uninformed illogical morons. The people who are soulless and refuse to spend on their own citizens in the name of making the country rich have completely messed up and sent all of you into a terrible recession that usually effects Canada since so much of our economy is tied to yours. However it seems we have become so much more of an independant entity, your foreign policy sucks and Republicans fail at managing budgets and understanding economic theory.
http://ichart.finance.yahoo.com/5y?cadusd=x
;)
Edit: What does this mean? Well all those americans who have money saved officially lose purchasing power. Your dollar is worth less and you guys rely extensively on other countries to supply you with resources and manufactured goods (china, cough). Not only that but your housing market is crumbling, harsh. So the average american just lost a bunch of equity from their home's value plummeting and the money they have saved doesnt buy as much as it would before. For any person who would argue having a lower dollar is a good thing, your retarded. Its funny to see the arguments made that way, its true that youll basically be paying us less for stuff we export, and that you guys having less money means less money for people who sell to you. However for the most part the Canadian economy benefits, the average canadians' savings are worth more, our housing market is booming (+100% average value of a house in the last 5 years here in Calgary) and the average middle income household basically has been raking in money. Ipods get cheaper, cars get cheaper, everything gets cheaper! we love it. Our money is worth more, booming economy is causing more jobs than employees which mean we get payed more! Its a golden era for Canada, and at the same time as a recession in the States, its actually very unusual.
ID:36489
 Nov 8 2007, 7:07 pm (Edited on Nov 8 2007, 7:39 pm)
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Vortezz wrote:
yeah man you should totally run the economics of the US since I guess you are a master of economics after taking an economics class or two. Hey, i took 3. And we deserve to rub it in (other peoples) faces after years of stupid jokes. | |
as a point of interest, I'm Canadian, too.
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and as a further point of interest
Masterdan: "hey don't you guys hate it when people rub it in your face that your country's dollar is worth less than theirs?" Masterdan: "well here is a thing: HAHA YOU SUCK, 'THE UNITED STATES OF AMERICA'. HOW DO YOU LIKE THAT WORTHLESS DOLLAR?" | |
VERY EXCITING!
Yeah, uhm. Hmm i dont have a doctorate in economics but im pretty sure hundreds of billions of dollars to a fruitless war would be a factor in economic recession? As well as poor contributions to education which leads to brain drains. uhmm, i can and will berade americans for being fucking morons for putting the same retarded government in power 2 terms in a row. Double posting FTL vortezz! | |
Currency fluctuation does not indicate economic strength. If I were you, I wouldn't be happy, I'd be worried about how all your retailers are going to fail because your citizens are going to be shopping across the border(same quality, lesser price).
Various reasons for this currency fluctuation, none horrible or uncorrectable. It also makes our Chinese debt worth much less. Secondly, this immature flaming bullshit needs to stop. Since you really don't know what you're talking about. In the mean time, enjoy the continued brain drain of your smartest minds coming to America because we pay better and your socialist economy doesn't offer incentive to keep them. Case in point; my parents. | |
Worldweaver wrote:
Currency fluctuation does not indicate economic strength. If I were you, I wouldn't be happy, I'd be worried about how all your retailers are going to fail because your citizens are going to be shopping across the border(same quality, lesser price). Dollar value does in fact have to do with how much money youve printed and pissed away overseas in debt to other countries. The reason your currency is in the pisser is because you guys consume more than you produce, you have a huge debt to china and all your products that come up above the border are officially wicked cheap. Alberta has a labour shortage, basically we have kids graduating from highschool getting paid 15 dollars an hour to work in a trade AND our dollar is worth more than yours. So they buy cars, ipods shit like that and because it comes from the united states our standard of living will be higher because our currency is worth more and can buy more things. Dont act all high and mighty, I do in fact as a business student know what the fuck im talking about. Acting like having a worthless dollar is a positive economic thing, fucking rediculous. Thats like somebody saying having a bad credit rating is fiscally sound. Bullshit. Debt is worth less, but your basically the loser older brother who mooches so much that he has to pay more to get stuff from us. IT has hurt our exporting a little bit, but the average person is benefiting around here from our booming economies. And our retailers will do fine, they sell goods obtained from the US and sell them for currency that is WORTH MORE, Importing appreciates this change, its exporting that suffers. Dont preach if you dont know what the fuck your talking about. Another point, in the last 5 years house prices have doubled on average, so my parents equity has doubled AND the value of the dollar has increased so their savings and EQUITY is worth more. Its like a 3x increase due to the housing market booming and the currency increasing dramatically in the last 5 years. How does that hurt the average family? | |
this just in
taking three economics classes teaches you exactly what you would know if you took no economics classes. also: "US IS IN DEBT CUZ BUSH SUCKS." yeah man. U of C has taught you well. | |
Vortezz wrote:
this just in Yes, im sorry it was silly of me to assume that the irresponsible republican government that initiated 2 quagmire wars that have cost hundreds of billions of dollars was at fault. Did you know that pissing away hundreds of billions of dollars hurts your currency because it becomes worth less, and then after your housing market falls apart and your savings become worth 40% less due to the dollar plummeting and your purchasing power basically crumbling. Yeah that definetly means the economy in the states is doing shitty. And the UofC has taught me well. What university are you going to again? because you just seem to be making dick comments you dont actually have any relevant comebacks or comments. At least worldweaver is trying. | |
and lastly
the fact that our dollar is worth more than theirs does not make us any better people than they are. in fact, you have absolutely nothing to do with with the amount the dollar is worth, nor can you affect it. nor can the people you're "berading" about it. so I mean seriously, who are you to come in and say that people are stupid for "pissing money away." ps: an intelligent double post > stupid single posts filled with ridiculously simple observations and spelling errors. | |
All I have to say is who has the bigger GDP?
http://en.wikipedia.org/wiki/ List_of_countries_by_GDP_%28nominal%29 | |
Masterdan wrote:
What university are you going to again? UNBC. and for the record, I wasn't making a commentary about U of C's quality of education, just what you've seemingly taken from it. | |
I do in fact as a business student know what the fuck im talking about. Acting like having a worthless dollar is a positive economic thing, fucking rediculous. Thats like somebody saying having a bad credit rating is fiscally sound. Bullshit. Haha, you're a business student? That proves my point! Haha, jesus christ you actually majored in business? And our retailers will do fine, they sell goods obtained from the US Bullshit, the goods are obtained from China. Idiot. And they are more expensive in Canada. That is why people in Canada shop over the border. pay more to get stuff from us. You're right, lumber prices will go up slightly. Dear god... Importing appreciates this change, its exporting that suffers Ok, so your argument is that, Canada will now buy more stuff from the US and sell less stuff to the US so Canada is better off... Man, you're stupid. Dollar value does in fact have to do with how much money youve printed and pissed away overseas in debt to other countries. Right, DOLLAR VALUE. Our economy is doing pretty good over here if you haven't noticed. Again, you have honestly no fucking clue what you are talking about. Prices haven't increased over here, there are more jobs and business is good. Because that is more currency around to deflate our debt is a strategy. China has been doing it for years, Japan used to do it ect. And you never addressed our the brain drain issue because basically you have no counterpoint. And I have first hand experience to back it up. | |
The GDP Growth rate per capita of Canada is much higher than the US for the last 5 or so years. The gap between the two countries has been closed substantially due to a huge job growth rate in canada.
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Well, at least you managed to stumble blindly onto the fact that yes, the US dollar is falling (it's a bad thing), and yes, the US housing market is generally collapsing (probably not as bad). Your further analyses, however, fall generally under the same heading as your belief that 9/11 conspiricists may not be entirely brain dead.
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Worldweaver, what are you majoring in? Im an accounting major, i plan on Getting a CA and its got to be one of the best paying jobs you could aim for.
The brain drain is happening because your country is reviled and people are moving to canada and leaving the US, this is obvious from your housing market falling apart it seems your having a hard time bringing anybody into your country legally. Lummox doesnt have a counterpoint and yet he for the.. 6th time? tries to use my bashing him for attacking somebody for talking about a theory on 9/11. Yes lummox i get it, they are rediculous theories, the point of what i said was, like ive said before, that you should never just put people down for theories because now that youve completly ignored the possibility of fault for 9/11 possibly existing, that you ignore rational situations like the administration being neglegent in ignoring threats and reports and such which has been confirmed to happen. That argument is long past. | |
FYI the GDP per capita of ALBERTA is higher than the US. This of course isnt very full of merit, but we have the useless retarded french side of canada (east) and the slacker welfare meritime provinces (also east) making us look bad.
GDP per capita in alberta :C$69,789 GDP per capita in the US: USD$44,000 And lummox, what about my argument is so terrible? you werent specific. Me assigning blame to the republican party when its obvious your a republican may be what your getting at. I dont know how you guys can ignore the economic rape that the bush administration has caused to your country. Worldweaver the uninformed:" Bullshit, the goods are obtained from China. Idiot. And they are more expensive in Canada. That is why people in Canada shop over the border." Eww, retailers have not adjusted yet to the change in dollar values, people shop over the border because of that. We get things cheaper, dont you understand how that works? You having a piss poor currency is going to cause your money to be worth less to china too genius, its going to take more of your basically worthless money to buy stuff from china. Keep printing it and eventually it means less and less to them. We on the otherhand, thanks to strong economic growth rates are able to import things from china and our currency is considered to be better than yours to them, they will sell us things cheaper. Our retail benefits from a high dollar, all import does. | |
The brain drain is happening because your country is reviled and people are moving to canada and leaving the US Man you really missed the fucking mark on that one. The Brain drain is affecting your country. People(like my parents) with college degrees come to the states because there is no money to be made in Canada and mediocre at best opportunities. And I'm not majoring in anything as I'm in highschool. I suppose an accounting major is better than getting a business degree. But I intend to get an undergrad degree in science/engineering and then getting a corporate law degree. FYI the GDP per capita of ALBERTA FYI the GDP per capita of my town is higher than Alberta. GDP per capita in alberta :C$69,789 GDP per capita in My town: USD$83,737 Two can play at that game. | |
Disregard all that's below, here is the ultimate truth:
1.00CAD = 735.21USD 'Nuff said! | |
hi5