Wow look at that dollar fall.

[chuckywang]

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

That's cause Greenspan is a genius.

 

[Miramonti]

At this rate, the dollar will soon be cheaper to use as wallpaper than wallpaper.

 

[DieHardware]

Pretty soon your 7-11s will be taking our Canadian Tire money at par. :laugh: :shocked:

 

[SSSnail]

Originally posted by: z0mb13
some people argue that the housing crisis is caused by greenspan... Interest rate was too low so that everyone pile on debt.

It"s caused by a pyramid of idiots that can"t afford stuffs at all, lured by the low interest rates (those are the idiots that ignored the principal). Those that were at the top of the pyramid were smart, those that got in late are just flat out idiots. As you can see, there were only a few smart ones as per the pyramid model.

Let the pyramid crumble, that way you can build another one

 

[Pepsi90919]

Originally posted by: 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!

he's comapring it to the US

 

[Row1and]

Originally posted by: 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.

haha, that's funny

 

[sdifox]

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.

Right, I am sure the "Free Ride" argument putout by those subprime lenders did not cause this.

 

[daniel1113]

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

America?s economic difficulties, especially the problems in the housing market, are the direct result of the Federal Reserve?s inflationary policies. In the past year, we have seen MZM grow by 12%, yet the Fed continues to inflate the money supply. While prices for gold, oil, and staple commodities continue to rise, the purchasing power of the dollar for all Americans continues to fall. Inflationary monetary policies created the problems in the economy we are seeing, and these problems will be made worse, not better, by more inflation. Today?s action by the Fed is very bad news for American workers and retirees, who are about to get hit with yet another jump in prices.

Make no mistake, the problems faced by the American people are not caused by unscrupulous mortgage brokers or the rising price of oil. These are symptoms of an economic disease caused by a spendthrift Congress enabled by loose monetary policy. Too many pundits praise the weak dollar as benefiting exporters, but they fail to see the harm done to thrifty, hard-working Americans. Rather than continuing to pursue a policy of easy credit and increasing debt, we need to return to a sound monetary system.

The Federal Reserve Rate Cut

 

[TehMac]

Originally posted by: sponge008
Debt to China and others, massive overspending (Iraq included)...

Uhmmm...no that's not it at all. Saying that makes you look like a total tool and retard.

Truth is, no one knows why the dollar is falling. In part, lenders are having a field day, and people have less money to spend and buy stock etc. because they got collected on.

Another deal is simply this domino effect that when stocks fall, they rise, and then they fall, back and forth. Now is simply a minor recession in comparison to say the '70's.

At any rate, saying that is just perpetrating misconception and ignorance, and that's not appreciated.

 

[Inferno0032]

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.

I'm glad somebody did at least mention one of the positives. If anyone has read the book naked economics, the author explains many big positives of a "weak" dollar. But there are positives and negatives to both a weak and strong dollar so it evens out fairly close.

 

[daniel1113]

Originally posted by: TehMac
Truth is, no one knows why the dollar is falling.

You, sir, are a "total tool and retard" "and that's not appreciated."

 

[mrrman]

I love it....more buying power in the US...my $$$ goes alot further now

 

[AlienCraft]

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 doingfor his corporate masters.

Filled it in for ya.

 

[AlienCraft]

Originally posted by: daniel1113

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

America?s economic difficulties, especially the problems in the housing market, are the direct result of the Federal Reserve?s inflationary policies. In the past year, we have seen MZM grow by 12%, yet the Fed continues to inflate the money supply. While prices for gold, oil, and staple commodities continue to rise, the purchasing power of the dollar for all Americans continues to fall. Inflationary monetary policies created the problems in the economy we are seeing, and these problems will be made worse, not better, by more inflation. Today?s action by the Fed is very bad news for American workers and retirees, who are about to get hit with yet another jump in prices.

Make no mistake, the problems faced by the American people are not caused by unscrupulous mortgage brokers or the rising price of oil. These are symptoms of an economic disease caused by a spendthrift Congress enabled by loose monetary policy. Too many pundits praise the weak dollar as benefiting exporters, but they fail to see the harm done to thrifty, hard-working Americans. Rather than continuing to pursue a policy of easy credit and increasing debt, we need to return to a sound monetary system.

The Federal Reserve Rate Cut

SSSSHHHHH, don't let anyone hear you say they shouldn't spend like crazy, money they haven't earned yet!!
That's considered un-American by the debt overlords.

 

[MyThirdEye]

 

[AlienCraft]

Originally posted by: mrrman
I love it....more buying power in the US...my $$$ goes alot further now

YES indeedy !! You get to buy even more contaminated, dangerous, un-inspected and in all ways inferior, Chinese goods that were once made on these shores by the people who consumed the products they made.
Please, buy more! that's what will cure all the economic problems..... more consumption.isgust;

 

[mrrman]

Originally posted by: AlienCraft

Originally posted by: mrrman
I love it....more buying power in the US...my $$$ goes alot further now

YES indeedy !! You get to buy even more contaminated, dangerous, un-inspected and in all ways inferior, Chinese goods that were once made on these shores by the people who consumed the products they made.
Please, buy more! that's what will cure all the economic problems..... more consumption.isgust;

believe me I am...products in Canada are the same as in the US however at 1/2 the cost...damn right I am buying...bought a HD DVD player for $199 at BB, Canada is $400, bought PC parts for about $250, Canada was $400...bought a Schecter guitar for $450..Canada is $800...picked up an espresso machine for $600, Canada is $1200+...thats only a portion of my recent purchases...I will be getting more stuff next week....we are all consumers and I look for the best deals...people bitch about China but the US did this to themselves by off shoring everything and I am taking advantage of it as well as many of the other Canadians flocking down to the US to buy stuff.

 

[meltdown75]

hell yes. Meijer and Target $FTMFW$

oh and steve and barry's. i like that place... and just about every other thing about shopping in the States. US shopping & product selection & pricing is pretty sweet. Can't wait to go back.

 

[AlienCraft]

Originally posted by: mrrman

Originally posted by: AlienCraft

Originally posted by: mrrman
I love it....more buying power in the US...my $$$ goes alot further now

YES indeedy !! You get to buy even more contaminated, dangerous, un-inspected and in all ways inferior, Chinese goods that were once made on these shores by the people who consumed the products they made.
Please, buy more! that's what will cure all the economic problems..... more consumption.isgust;

believe me I am...products in Canada are the same as in the US however at 1/2 the cost...damn right I am buying...bought a HD DVD player for $199 at BB, Canada is $400, bought PC parts for about $250, Canada was $400...bought a Schecter guitar for $450..Canada is $800...picked up an espresso machine for $600, Canada is $1200+...thats only a portion of my recent purchases...I will be getting more stuff next week....we are all consumers and I look for the best deals...people bitch about China but the US did this to themselves by off shoring everything and I am taking advantage of it as well as many of the other Canadians flocking down to the US to buy stuff.

Your mistake is viewing "the US" as equivalent to the Multi-National Corporations which are devoid of soul or social conscience, whilst affecting National Policy with their Political Action Committees aka Lobbyists.
It is incredibly naive to think that as a Canadian, you are immune to the downsides of the Global Economy Model as well.
There is no free lunch.

 

[mrrman]

Originally posted by: AlienCraft

Originally posted by: mrrman

Originally posted by: AlienCraft

Originally posted by: mrrman
I love it....more buying power in the US...my $$$ goes alot further now

YES indeedy !! You get to buy even more contaminated, dangerous, un-inspected and in all ways inferior, Chinese goods that were once made on these shores by the people who consumed the products they made.
Please, buy more! that's what will cure all the economic problems..... more consumption.isgust;

believe me I am...products in Canada are the same as in the US however at 1/2 the cost...damn right I am buying...bought a HD DVD player for $199 at BB, Canada is $400, bought PC parts for about $250, Canada was $400...bought a Schecter guitar for $450..Canada is $800...picked up an espresso machine for $600, Canada is $1200+...thats only a portion of my recent purchases...I will be getting more stuff next week....we are all consumers and I look for the best deals...people bitch about China but the US did this to themselves by off shoring everything and I am taking advantage of it as well as many of the other Canadians flocking down to the US to buy stuff.

Your mistake is viewing "the US" as equivalent to the Multi-National Corporations which are devoid of soul or social conscience, whilst affecting National Policy with their Political Action Committees aka Lobbyists.
It is incredibly naive to think that as a Canadian, you are immune to the downsides of the Global Economy Model as well.
There is no free lunch.

I never said that there was no downside which I know there is in the long run however I am taking advantage of it now until the bubble bursts.