http://ca.news.yahoo.com/s/capress/0...onal/inflation
The canadian dollar has gone from 75 cents to a US dollar to almost 1.04 cents CDN to a the US dollar.
Discuss...
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http://ca.news.yahoo.com/s/capress/0...onal/inflation
The canadian dollar has gone from 75 cents to a US dollar to almost 1.04 cents CDN to a the US dollar.
Discuss...
:goodjob:
(Canadian, BTW)
The falling value of the dollar isn't a recent phenomenon, but the degree to which the Federal Reserve has pursued an inflationary strategy has jumped considerably in the last decade. Many economists agree that such a policy, at the very least, is problematic because the market is continually given false information about the cost of capital, encouraging poor investment.
The Canadian dollar is only the latest harbinger of the dollar's weakness. The Euro has steadily increased relative to the dollar while gold and oil have skyrocketed in recent years. Dollar hegemony is the only market force that prevents the dollar from falling quickly, but it is being undermined by various events.
Well, to be fair, the canadian dollar IS going up relative to other currencies too. Our exports are in demand and our economy is booming. That plus america's semi-recessive economic state makes our "funny money" look a little more serious :P...
Goin to America with Monopoly money, brb.
Wow is it really that bad.Quote:
Goin to America with Monopoly money, brb.
Can i come?
Our economy isn't doing too well, thats why. I think it will get better though within a couple years.
To be honest, I think China will be the biggest superpower withen 20-30 years. Their economy is raping everyones.
Bush's plan is to turn America into the next third world, courtesy of the Rothschild's of course.
lol, too late. he's about to get his ass kicked outta there soon. :DQuote:
Originally Posted by Oneironaut_Jeff777
but bush was cool for the first 5 years. now he's annoying.
his speaches are fun to watch though. he will always mess up a few times.
He sucks at talking...
http://www.youtube.com/watch?v=PEubML1INHc&NR=1Quote:
Originally Posted by Michael
Yeah the Dollar is real low right now, its 2.04 to the pound I believe right now, which would be awesome for me to come over there and spend some of my converted English cash money :D
Any American's want an English lodger for a week? :D
Quote:
Originally Posted by Oneironaut_Jeff777
OOOOOOohhh my . My sides hurt from laughing. I needed that!
I am Bush supporter, I think it is absurd to use sound bites to discredit people, for not ONE hasn't slipped up a number of times.
Well, OK, Bush maybe more than a few. ;)
In either case, it is laughable to me that people may think that they're more intelligent that the president or he is not intelligent.
If you have that argument, then you can not have a counter argument. Reason being, you would in fact be the opposite of intelligent and not grasp it.
oooooops, Yaaa, The US Dollar in decline.
It is in my wallet!
The economic rise and fall of the dollar is more complicated, has more variable and is as unpredictable as the weather.
The economy isn't complicated. The US dollar has lost over 90% of its value over the last 100 years. Its pretty much a straight line down. Its hardly a bush issue however, since it has been a long time comming. The US will likely have a massive depression, and if we are lucky the government will stay out of it and we will eventually bounce back. Or the government might come in and try to save everyone, thus making it last 10 times longer.
Any economy problems we have is a direct result of the government trying to control our money. They are the ones inflating the money supply.
Which is the reason the UK has such a strong economy, since Labour gave control of interest rates to the bank of England, we have had a steady and very reliable economy :)Quote:
Originally Posted by Alric
Thats the same thing the US did. Sounds like your screwed and you don't even know it yet. Its only a matter of time before you face the same problems we have, and we havn't even got to worst of it yet.Quote:
Originally Posted by Adam
We did this 10 years ago, if we were screwed I would have thought it would have happened by now. I think we are going to be okay....
The American economy is in quicksand. Currently, they are in a vicious cycle where the only way to keep the economy going is by getting Americans to spend even more money they do not have (hence the 8.6 trillion dollar national depth and the mortgage-market problems and such). However, the longer they keep pushing economy to the limit, the worse the -not if by when- collapse of the dollar will be for America. I do understand why it is happening this way, thinking long-term doesn't matter for the people that control the economy. Either their time in office is over so it doesn't matter to them, or if they aren't politicians but just ultra-rich stock-brokers, a regression probably wouldn't hurt them at all, probably it give them even more nice business opportunity.
Thus, the dollar will keep dropping as it has the couple of years, and I hope that Europe will have a nice period of being the wealthiest before inevitably Asia will become the long-term dominant force in the world, replacing what America has been the last 30 years. Asia, that by the way are making a good profit of lending America the billions, or actually trillions of dollars it spends but doesn't have.
Nope, it takes longer than 10 years. It long term problems. The economic problems of the US started back 90 years ago. Since then we have had a lot of highs and lows. Depresssions followed by times where people make tons of money, then more depressions. To really understand the economy you have to know history as well.
Central banks normally gain more power after some problems and tend to make things seem really good for a while, untill they end up making things far worse than they ever were before. A lot of people are not even aware of the problem untill it happens. Thinking you are safe because its been 10 years though? You are giving them far to much credit.
If you believe money is actually worth something in the larger scheme of things that's really foolish. What the elite have done for some time is pretty much this.
Got some bit of paper and put a number on it from their head and then suggested now work for me I gave you this paper which is worth 'this much'. So I gave you 'this much'. Now work for me. When really it cost them nothing.
Like what a bully does when it approaches children that are really weak and not able to defend themself or think properly.
Inflation doesn't happen for nothing. The illusion has to go somewhere. If you have a bunch of toilet paper. You can say it's a million dollars and pass it around to fools. But sooner or later someone is going to realize wait this sucks it's not real. Until then maybe they are stupid enough to work for you like dogs.
Say the government has a 999 US dollars, and you have 1 US dollars. The government wants to borrow a 1,000 dollars. So they print out a 1,000 dollars. They just doubled the money supply. The value of each dollar was just cut in half because the supply doubled. The government now has 1,999 dollars and you have 1 dollar. Seems fine right? Well if you go by the actual value of the dollar, everything is half what it was worth before. So the government really only has 999 dollars and 50 cents, and you, you really only have 50 cents.
The government just took half your money and you didn't even notice. Thats inflation. Thats why people call inflation the invisible tax. No one knows where its going but when you try to spend that dollar you are only going to get half as much. So when I say the dollar has lost 90% of the value over the last 100 years, it means the government as sucked 90% of the value out of every dollar through inflation.
People think that if they have a job they get money. Which they can use to buy stuff. That it's all equal and fair exchanges. However not only do you have tax when it an excuse to rob you in many ways. It gets dumb after a while when 1 piece of fruit or chocolate bar starts costing 2 hours of labor one day. Then 5 hours work the next day for a meal. Then back to 15 minutes work. Try living in that. When prices on everything vary, devalue, going up and down randomly. That's called stupidness and people will realize they have been conditioned and brainwashed on a mass scale to work as a slave race for something that isn't even real. They are actually funding their own enemies operations to deceive them. That is how poor you all are. Your working so your slave drivers can have the wealth and resources to keep deceiving you into poverty. How dumb are you? Why do you even go along with it?
If everyone knew what value really was. Everyone would have enough. No-one would be homeless. No-one would have more than they were entitled to have.
lol - So you are sugesting everything be free, and worth nothing?? No one work, and everyone be free spirits doing WTF they like? Thats just fucking dumb!
If no one worked, what would we have then? Who would work the hospitals to help people, police the cities, put out the fires, build our cars etc. etc....
Make sure you distort what I say. You may have to have a life if you listen to me. Outside your little sheep fence.Quote:
So you are sugesting everything be free, and worth nothing?? No one work, and everyone be free spirits doing WTF they like?
Well explain what it is you are actually getting at then.Quote:
Originally Posted by Mystic7
Please explain a little clearer..Quote:
Originally Posted by Mystic7
To delve a little deeper down the rabbit hole as to the plans of what's to come...
Check out my contribution to Page 5
Oh, and be sure to read my prophetic recurring dream of two moons which was actually my first post on this forum...
Best way to avoid mass panic...Police state coming at ya!
OK, are you rich from the stock market, Money funds, CDs, Roth or traditional IRAs Mutual funds, investments?Quote:
Originally Posted by Alric
You should be.
Mystic7, ~DD)FJFK Q{{R_Q_:SF"+>><CWOO
:bowdown:Quote:
Originally Posted by Howie
Correct me if I`m wrong, but I believe the US`economical troubles right now has a lot to do with housing problems and personnal debt (*ahem* credit cards...).
Our money is monopoly money. And your money in the bank is just a loan to big bankers. Makes you feel good, doesn't it? Rich men in a big room determining the value of your hard labor.
It doesn't mean everyone has to accept it. Some day people will realize and get over this abuse.
I like the Ron Paul idea of introducing alternative currency.
I think leaves should be the new money. 1 leaf = $1. Count me in. :goodjob2:
Well they are worth more...but the problem is the elite can't gather all the leaves up so they would hate that. Not to mention the environment. And it would take a massive propaganda campaign to convince people leaves are worth money. Even if they did trust it enough you'd have the same problem as you do with the bills you currently use. And added problem is the elite would be out of control of the leaves in the short term so everyone would seem rich and the illusion would fall apart very quick. Where as your paper notes can be centralized, not copied. They can move them around with imaginary numbers for a bit. Keeping the illusion alive.
Can we get real and realize what value stands for?
Money used to always been made of gold. If you take a gold coin that they use in the US and you go any where in the world, it will be accepted as money. Even if the economy collpased and the government was wiped out, your money would keep 100% of its value. It has value because the gold in it has value.
With paper dollars that are not even backed with anything, the value is only what the government says its worth. If the economy hits a depression your money loses a lot of value. If something happens to the government your money loses value. You are basing all your wealth on the actions of others, if they screw up your screwed as well. Thats why gold coins, or atleast paper dollars fully backed with gold are a safer way to save and hold money.
Quote:
Originally Posted by Alric
I`m not sure there`s enough gold to fully back all of the world`s currencies :?...
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of NOW is:
http://brillig.com/debt_clock/debtiv.gif
The estimated population of the United States is 303,343,578
so each citizen's share of this debt is $29,856.73.
The National Debt has continued to increase an average of
$1.41 billion per day since September 29, 2006!
Here's some lyrics for an older song of ours I rap on called,
'Depth Ride'...
Most people try,
in the end they cry,
and they wonder why,
Did it happen to me?
People put on their masks,
while they take out the trash,
living life for cash,
How could this be?
Society dies,
supersize your fries,
watch that weight on your thighs,
Is this the way to be free?
I'm here to disanoint,
by making a point,
but first light up that joint,
The lie is money...
The lie is money...
The lie is money...
??????¥¥¥¥¥¥¥$$ $$$$$$¥¥¥¥¥¥???????
:chuckle:
Oh... and that .XX cents is my contribution to the debt just for shits and giggles...I bought a pack of gum and just decided never to pay the credit card company back in order to make a point... :lol:
Its like when they think they are mind tripping you by putting gas prices or some other lame crap at... $99.99 and 9/10 of a cent...just so you won't feel the nice round number like 100....such blatant frivolity...
SUPERSIZE SET FOR ONLY 30 CENTZ!?!? OMG RLY!!!!?? I'LL TAKE 8!!!!!!
http://www.hinduismtoday.com/press_r...alds-fries.jpghttp://www.eda-server.ru/cooking-new...5mcdonalds.jpg
MOOO!! COWS FOR THE SLAUGHTER
http://www.funny.cz/img2/mcdonalds.jpg
Hell, the black helicopters won't even need to use their scopes to round up most americans come herding time...
http://www.b00mb0x.org/wordpress/wp-...ters_front.JPG
They won't even need to use the force... anywhere they fire will hit most of their dumbed-down, lazy, fat targets...
http://www.bellaonline.com/gaming/pics/ff/sw_wedge.jpg
Sure there is. The thing about gold is theres always enough. Gold works just as well if a dollar equals one ounce or 1/100th of an ounce. There is always silver as well, which works just fine.Quote:
Originally Posted by Spartiate
Hahhhaha, Solyskye..that's a great set of photos, and sadly represents too many americans!!! Heh.
Yay for Canada...it' about time they get some recognition that they do things so much better...though I still doubt any United-Statesian would take a Canadian dollar even though they'd be getting an advantage. how sad...:eek:
Ah, 9 trillion depth all ready? Jesus. I thought it was just a few months ago that I was amazed that is was 8.5 trillion. Insane. With all the money the war cost America, they could have given every child health care, and still get to keep most of the money.
:eh: That makes no sense, gold is a material possession...Quote:
Originally Posted by Alric
I heard somethere that the amount of gold currently used in the world would only fill an average sized house. Makes sense though, since most gold is pressed quite flat and stretched out.
Still, I can't confirm it.
I trust gold and silver. That has never lost value in crisis, Because it actually is worth something. I don't trust paper notes for long.
From Wiki:Quote:
Originally Posted by tokyo_kurikinton
Supply
At the end of 2001, it was estimated that all the gold ever mined totaled 145,000 tonnes, which would form a cube with 19.58 meter edges. Global gold mine production is between 2,500 to 3,000 tonnes per year, which would mean that about 155,000 tonnes of gold would have been mined as of 2006, with a total value of $3.2 trillion at June 2006 prices.
If you base money off gold you can always divided gold into smaller quantities. Thats not to say everyone will have money, or own gold. But you can back all money using nothing but gold.Quote:
Originally Posted by Spartiate
Well our dollars used to be based on gold, until the fed said "lol your money is now just paper" and then they printed and printed and now our dollars are worth four pennies, and declining.
Point is, our money has no real value, it is determined by people we don't even know. If one dollar = it's weight in gold, and you made $100 dollars when you were 16, that $100 bucks would still be worth $100 bucks when you die. Instead, that $100 now equals only a fraction of what it used to. Because the fed can just print more of this pretend money whenever it wants.
This is why "back in my day a candy used to be 15в". The price of candy didn't go up, the value of the dollar went down, because there are more "pretend dollars" in circulation today then there was back then.
And who decides how much the money is worth in comparison to gold?Quote:
Originally Posted by Alric
Whoever makes the money. Its just like now, you have a five dollar bill or a ten dollar bill. The ten would be worth twice as much gold as the five. The important thing is not how much each is worth in gold, but that you have enough gold to back it.
But how would you get other countries to recognize the value of your money to the gold?
They don't have to. Every country in the world accepts gold as money. And everyone knows it has value. You only have get people to recognize your money when you use paper money thats not backed by anything. Its not even an issue with real money.
Well, there must be some rule in the US too about what % of the paper money should be available as real gold in backup? At least that's what I have learned is the case in our country (at least 50% of all fi
In the meantime, I LOVE shopping in the US via Ebay, since my Euros are worth $1,40 each, where they were only $1,20 a year ago...
Nope. US money used to be back by gold but now it isn't. They got rid of that long ago.
I'm interested to know where you got your figures/stats from. According to my sources (namely Donald Trump and Robert Kiyosaki) Our national deficit is only a little over 1.05 trillion dollars.Quote:
Originally Posted by SolSkye
HERE you go ;)
"The budget should be balanced; the treasury should be refilled; public debt should be reduced; and the arrogance of public officials should be controlled." -Cicero. 106-43 B.C.
Too bad JP Morgan isn't alive to bail america out of financial terror again.
Most americans are too lazy to enact real change into their lives and country, anyway...And so, they will pay the price in the coming days...
(Translation: The big banks do it to themselves)
http://thumbnail.image.rakuten.co.jp...5/06256522.jpg
As they say in japanese...
自業自得
Translation: You get what you deserve; You bring it on yourself
Most overweight, overpaid, and underworked americans simply spend the majority of their paycheck and free time buying useless sh:t, and sitting there watching their pro-wrestling, or whatever other form of mindless entertainment that floats their boat...and wondering where their life went wrong...
They rely on those with inspiration and talent to propell them and their society forward, and they feel this sick sense of entitlement to live in lackadaisical luxury while the rest of the world suffers.
Pretty effing disgusting, if you ask me...
I work 7 days a week from 10AM to 10PM (certain times are free), and do multiple productive sideprojects. I don't complain, I like the challenge. There is absolutely NO reason anyone else can't do the same...
...Do Americans really need to wonder why their economy sucks ass? Everyone just wants the easy way out, no one really wants to work for it...Buy, Sell, Buy, Sell...A few simple underhanded clicks and you earn millions...and put people out of jobs...Stupid dollar signs mean nothing...it's all selfishness and greed...
Stop being lazy and take the bull by the horns and earn your life instead of stealing it from other less-fortunate people who work hard in impoverished countries and conditions.
Greed's comeuppance is nigh, though. That much is certain...
Wow a lot of discouraged people here. A few things to cheer you guys up.
1. You can't measure the health of the economy by inflation alone, and inflation hasn't been all that bad in over the past decade. Pretty good compared to a lot of other countries at least.
2. National debt isn't necessarily bad. Unless the GDP sucks, which it doesn't. Only then is it bad.
3. The stock and bond market have been very impressive on average over the past 80 years. Key indicators of a healthy economy.
The dollar may be falling but much of it is likely because that other countries are finally starting to do well, because they're adopting the strategies that the US have been using.
Good idea Umbrasquall. We don't want the sheep getting too fearful or not trusting the system? Maybe they might try and escape. And build a new one! Oh no. Freedom. They must try and live their lives inside the fence. So it's all good yippie ki ay for how good it all is.
No. In response to this distasteful blindness I have to say:
National debt is bad. All debt is bad ultimately and it's obvious why. And If you think debt is a good thing. What is wrong with you. Inflation shouldn't even happen. If you think it's natural. Go to the insane asylum I'd rather not live with nut cases. The stock market is never impressive. It's foundation is stupidity and it's benefit is, none. A sick society.
Stop being blind about reality.
First off any inflation is bad. The fact is we could live in a coutnry that has 0% inflation, why settle when we can have that? Secondly our inflation has been horrible. You can actually see prices raising every month, and thats not cool. Over the long term we are being eaten alive by inflation.
Debt is always bad. Especially when its 9 TRILLION!
And millions missing from the pentagon. And everyone is still walking around? Like **duhh I live in a society where people drink and eat and be merry. Yay football!.** Everyone is stealing pentagon money and there just like. **go politicians go, they are our leaders. err football :wtf2:**
Children getting rapped and kidnapped. People on the street with gangs threatening everyone carrying around drugs and weapons. Poor people starving and dieing. Military with weapons of mass destruction. Everyones poor. Media is fake.
And fat asses on the couch watching simpsons. Jerry Springer. Dr phil and Oprah. Give me a flying saucer. And get me the hell out of this prison planet.
Actually I don't think I'm being distasteful at all.
I never said inflation was good. I said that you can't measure the economy by inflation alone. I also said that comparatively, inflation over the past decade has not been so bad when we measure it against inflation in the course of US history and inflation rates in other countries. You can't have a perfect world. Give me an example of a country with no inflation whatsoever.
National debt isn't necessarily bad. The money that turns into our debt is invested in the people and building the infrastructure of the nation itself. Say a country was ravaged by war. After the conflict ends, should the government sit by and watch as its people starve? No, it should borrow money and rebuild the economy. If you compare how long it would take for the US to pay off the national debt 50 years ago versus how long it would take today, you'd find that the US can repay the debt many times quicker. The money borrowed was used to build up the capacity of the economy. That's why I said you can't just say: oh the US has so much so much debt and that has to be bad. You need to compare the GDP versus the debt before you draw conclusions. Read up on how the economy works to get a better understanding.
As for the stock market just being stupid and pointless as you claim it is. Give me a valid argument on why you think so or I'm just going to ignore it.
When the US was using money fully backed by gold, there was no inflation. So the best example of a government with inflation is us. Inflation is caused by printing money that doesn't have any real value.
As for the debt, how are we ever going to pay it back? You make it sound so simple, yet its more like that its impossible. At this point, we probably can't pay it back, not ever. The only possible way to pay it back is with inflation, if we print trillions of dollars then use them to pay the debt. And when that happens our dollar will be worth nothing.
I like the situation partly. Firstly, it means cheaper imported products. Secondly, it means deindustrialization of my country. Bittersweet feeling.
horay canada!! 107. Time to go down and buy some shit.
Yeah, I saw that too :shock:, we smashed the 50 year old records...Quote:
Originally Posted by grasshoppa
and to think that alot americans wouldnt even accept PAR at this years Calgary stampede. (the dollar was about .96-.97 then. I worked at a consession stand and some woudl get pissed and walk away.) lol...Ill be asking for all of that extra seven cents, assholes! jk...
Apparently dollar's are out, and euro's are in. It's all the new rage amongst high maintenanced super models when negotioating contracts.
Fancy ketchup?Quote:
Originally Posted by Solskye
Yes, please. McDonald's fries are delicious. I'm not being sarcastic, either. What the fuck is life if you can't enjoy it. I'm not overweight, I have a high metabolism, but McDonald's is quick, easy and good.Quote:
Originally Posted by Identity X
This thread is funny.
:bump:
I like apples.
Im not too worried. There's this saying...
If you owe the bank $100,000, they own you.
If you owe the bank $100,000,000, you own the bank.
get it?
yeah, if Ron Paul gets elected I will be much less worried about the economy. He says most of the things that people have been talking about here. On the same note, I feel like since we owe most of this to china, we are proping eachother up, if one of us falls then both of us will take a tumble.
You guys, the U.S. economy is great. Ideally, we should have an inflation rate of 2% and an unemployment rate of 4%. Right now, we're at that 2% and slightly above that 4%. Somewhere around 5%.
Obviously, a slight increase in inflation will occur following the unemployment rate going up, but that is natural for our economy. We already reach our peak, and now, naturally we'll start to head towards a contraction. But, realistically, we can't sit in an expansion forever.
The media just overexaggerates the truth to keep you tuned it. You wouldn't pay attention if everything was alllriiight.
In response to this. No. So their GDP increase percent is raping ours. That means virtually nothing when you look at the numbers.Quote:
To be honest, I think China will be the biggest superpower withen 20-30 years. Their economy is raping everyones.
China's got a GDP of around $2,000,000,000,000 with an increase of about 10% per year. Amerias has a GDP of somewhere around $14,000,000,000,000 with an increase of like 4%. More money is actually going into our economy per year than theirs.
Again.. :bowdown: the media
wow SolSkye, that is one hell of a generalization wouldn't you say? You know a huge amount of that debt is coming from the war, not some fat guy sitting on his couch all day. It's not the individual american people getting us in so much debt as you're saying, it's the government. Do you honestly think that each individual could cause $30,253.01 of debt each? Even though we have a very industrious country because of people that WORK? and they include the whole population, which also means babies, kids, teenagers, senior citizens, etc. A baby can't get us into that much debt. :roll: You should get your head out of your ass and stop thinking in stereotypes
you know the majority of citizens in our country is barely getting by, trying their best just to pay the rent and all the bills so that they can feed their children, yet I still see people stop to give homeless men on the street money because they want to help when they could have been buying the "useless sh:t"Quote:
Originally Posted by SolSkye
for those that do rely on those people with inspiration and talent, that only means that there are americans with the inspiraton and talent and try to make a difference. and we dont sit back while the rest of the world suffers. I have a book bigger than a dictionary about just some of the humanitarian organizations helping other countries on the west side of the country ONLYQuote:
Originally Posted by SolSkye
we had our own american military forces helping with the tsunami incident when they could have been focusing on our own country, but they wanted to help people. And we had programs ALL over the country sending hygene kits and donated money over, and doing anything we could help. And these were these lazy american citizens you're talking about who want to sit back and let other people suffer. yeah... right.
there are americans that do the same DERQuote:
Originally Posted by SolSkye
Our inflation isn't 2%. If you go by the real numbers everyone says its much higher, around 10%. Also ideal inflation is 0%. Inflation isn't a good thing.