US dollar now worth less than Canadian dollar....

US dollar now worth less than Canadian dollar....


How's the canadian dollar doing against the euro? Maybe I can make a swap get my canadian relatives to bankroll my next european vacation, since I can't afford it with american dollars anymore. ;)
 
I think the Canadian dollar is pretty much tracking the euro.

as apparently will be most currencies except the US dollar ....

It appears that China And Suadia Arabia are getting ready to bail out of the uS dollar...

Can you say $10/gal gas ?
 
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Okay then, this is the biggest travesty and crime bush has ever perpetrated. Not the iraq war. Not the assualt on civil liberties.

The mofo is making my european vacations unaffordable!
 
But all you trade deficit fear mongers should be ecstatic. This means our goods will be cheaper abroad and foreign goods will be more expensive.
 
RStringfield said:
We do manufacture stuff here and with a weakened dollar against foreign currency there will be more demand for our goods and less for foreign goods.
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It was tongue in cheek, dude. Don't get all huffy. Well you can't, those are made in China...

;)
 
Damocles said:
It was tongue in cheek, dude. Don't get all huffy. Well you can't, those are made in China...
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I do not think I was getting huffy. But, there is a whole lot of ignorance on this subject from the average guy on the street. Even from people who are otherwise intelligent.
 
RStringfield said:
Does not really matter. Whatever we sell abroad (services, manufactured goods or farm goods) becomes cheaper. Damo is just an idiot anti trader. j/k :)
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LOL. Yeah. Anyway the "huffy" reference was about those crappy bikes that used to be manufactured here, but now are manufactured in China. They are still crappy too.
 
Then there is the Fact that if the dollar falls too much awe will pay dearly for OIL so it will cost us much more to manufacture anything, even farm products....
foreign investment will be reducrd substantially.....
Only an idiot would think the worst fall of the dollar in 30 years or so will be a good thing.
 
uscitizen said:
Then there is the Fact that if the dollar falls too much awe will pay dearly for OIL so it will cost us much more to manufacture anything, even farm products....
foreign investment will be reducrd substantially.....
Only an idiot would think the worst fall of the dollar in 30 years or so will be a good thing.
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Yes, only anti-trader idiots. Not me. I am not arguing it is a good thing. I am just pointing out that those who constantly harp on the trade deficit should be pleased.
 
Yep my stock in a certain Chineses search engine company is doing fantastic :)

there will be money to be made in foreign markets for those who can afford to invest. ie those who do not have to spend all they make to live.
there will be more millionaires made form these foreign investments.

Butt it is the wrong path for America.

I think I will sell my foreign stock and put my money to work in my community as I am doing a bit of now.
 
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