Wow look at that dollar fall.

[Locut0s]

At my store (7-11 in Canada) we are now offering an 85% exchange rate on the US dollar. Meaning $20 US gets you $17 Canadian. Typically retailers do charge something of a premium for accepting US currency, around 5% extra or so. So this rate was probably calculated when the US dollar hit close to 90% a while back. It might go up again when they recalculate what exchange rate to offer, usually every month or so, then again with the dollar fluctuating so much who knows where it will be latter?

 

[compnovice]

Yeah, but still no store 'down here' would still accept that fake currency you call dollars... Hey even our laundry machines don't accept your quarters

 

[her209]

 

[sygyzy]

Originally posted by: compnovice
Yeah, but still no store 'down here' would still accept that fake currency you call dollars... Hey even our laundry machines don't accept your quarters

Hahah get it guys? compnovice is saying your country sucks and your currency is fake all the while the U.S. dollar continues to plumet. HAHAH it's a riot in here!

 

[TraumaRN]

Ironically many of the Canadian nurses I work with still would rather drive to Detroit from the Windsor area to work here in the states as a nurse...None of the canadian nurses I work with plan to stop working over here in the states despite the pay cut they are essentially getting.

 

[Chaotic42]

My question is *why* is the dollar falling? What's causing it?

 

[sponge008]

Debt to China and others, massive overspending (Iraq included)...

 

[Locut0s]

Originally posted by: Chaotic42
My question is *why* is the dollar falling? What's causing it?

A lack of trust in the stability of the US economy? Current numbers may not be horrible but there are a LOT of bad signs on the horizon.

 

[novasatori]

Originally posted by: Chaotic42
My question is *why* is the dollar falling? What's causing it?

a big cause is the rate cuts

 

[adairusmc]

We should just annex Canada already. It is not like they could resist - all we have to do is find where they hide their tank and call in an airstrike.

 

[z0mb13]

Originally posted by: novasatori

Originally posted by: Chaotic42
My question is *why* is the dollar falling? What's causing it?

a big cause is the rate cuts

Not entirely. When Greenspan cut the rate to around 1% back in 2002 the greenback didnt plummet

 

[dud]

Let it fall ... let it fall ...

As the dollar falls American goods become more affordable overseas which will reduce our trade deficit.

There are negative aspects to a falling dollar ... I just choose not to mention them at this time.

 

[sandorski]

Originally posted by: compnovice
Yeah, but still no store 'down here' would still accept that fake currency you call dollars... Hey even our laundry machines don't accept your quarters

You obviously don't live near the Border. Not only are $CDN accepted, even when < par are accepted at par. There are US Shopping Malls built specifically for CDN Shoppers.

 

[Chaotic42]

Originally posted by: novasatori

Originally posted by: Chaotic42
My question is *why* is the dollar falling? What's causing it?

a big cause is the rate cuts

Damned people willing to go into massive debt. They've driven up the price of houses. I long for the days of being able to afford a house, car, and family on one income.

 

[novasatori]

Originally posted by: z0mb13

Originally posted by: novasatori

Originally posted by: Chaotic42
My question is *why* is the dollar falling? What's causing it?

a big cause is the rate cuts

Not entirely. When Greenspan cut the rate to around 1% back in 2002 the greenback didnt plummet

Greenspan knew what he was doing.

 

[Jeff7]

Originally posted by: sygyzy

Originally posted by: compnovice
Yeah, but still no store 'down here' would still accept that fake currency you call dollars... Hey even our laundry machines don't accept your quarters

Hahah get it guys? compnovice is saying your country sucks and your currency is fake all the while the U.S. dollar continues to plumet. HAHAH it's a riot in here!

Sorry, the American dollar just doesn't buy as much humor as it used to.

 

[Pepsi90919]

Originally posted by: compnovice
Yeah, but still no store 'down here' would still accept that fake currency you call dollars... Hey even our laundry machines don't accept your quarters

the washers here accept both US and canadian coins. i tend to use all the US quarters i can find now, to essentially get a free wash.

 

[Pepsi90919]

Originally posted by: Locut0s
At my store (7-11 in Canada) we are now offering an 85% exchange rate on the US dollar. Meaning $20 US gets you $17 Canadian. Typically retailers do charge something of a premium for accepting US currency, around 5% extra or so. So this rate was probably calculated when the US dollar hit close to 90% a while back. It might go up again when they recalculate what exchange rate to offer, usually every month or so, then again with the dollar fluctuating so much who knows where it will be latter?

oh yeah? 7-11 in canada? i think i've been to that one. does bob from canada work there too?

 

[sandorski]

Originally posted by: Pepsi90919

Originally posted by: Locut0s
At my store (7-11 in Canada) we are now offering an 85% exchange rate on the US dollar. Meaning $20 US gets you $17 Canadian. Typically retailers do charge something of a premium for accepting US currency, around 5% extra or so. So this rate was probably calculated when the US dollar hit close to 90% a while back. It might go up again when they recalculate what exchange rate to offer, usually every month or so, then again with the dollar fluctuating so much who knows where it will be latter?

oh yeah? 7-11 in canada? i think i've been to that one. does bob from canada work there too?

Why, yes he does. He's engaged to my cousin, Shelly from Canada. Do you know her as well?

 

[z0mb13]

Originally posted by: novasatori

Originally posted by: z0mb13

Originally posted by: novasatori

Originally posted by: Chaotic42
My question is *why* is the dollar falling? What's causing it?

a big cause is the rate cuts

Not entirely. When Greenspan cut the rate to around 1% back in 2002 the greenback didnt plummet

Greenspan knew what he was doing.

some people argue that the housing crisis is caused by greenspan... Interest rate was too low so that everyone pile on debt.

 

[Parasitic]

Originally posted by: z0mb13

Originally posted by: novasatori

Originally posted by: z0mb13

Originally posted by: novasatori

Originally posted by: Chaotic42
My question is *why* is the dollar falling? What's causing it?

a big cause is the rate cuts

Not entirely. When Greenspan cut the rate to around 1% back in 2002 the greenback didnt plummet

Greenspan knew what he was doing.

some people argue that the housing crisis is caused by greenspan... Interest rate was too low so that everyone pile on debt.

They always have to blame somebody

 

[Lonyo]

Originally posted by: dud
Let it fall ... let it fall ...

As the dollar falls American goods become more affordable overseas which will reduce our trade deficit.

There are negative aspects to a falling dollar ... I just choose not to mention them at this time.

Rising cost of imports isn't really helping reduce the deficit.
Sure exports may be more competitive, but when the price of raw materials and oil are so high it doesn't help as much as it could do.

 

[Throwmeabone]

Speaking of Canada, why is everything a giant rip off over there? It's obscene! Not just the taxes, but utilities, gas, cell phone service, fees at banks, even groceries are all ridiculously expensive compared to America.

 

[Acanthus]

Originally posted by: z0mb13

Originally posted by: novasatori

Originally posted by: Chaotic42
My question is *why* is the dollar falling? What's causing it?

a big cause is the rate cuts

Not entirely. When Greenspan cut the rate to around 1% back in 2002 the greenback didnt plummet

Yeah but in this case the rate cut isnt a correction, its to jack off the DJIA, which sadly backfired as well.

 

[Locut0s]

Originally posted by: Throwmeabone
Speaking of Canada, why is everything a giant rip off over there? It's obscene! Not just the taxes, but utilities, gas, cell phone service, fees at banks, even groceries are all ridiculously expensive compared to America.

You haven't been around much have you? Canada's cheap compared to the UK and much of Europe!