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Humongo
Spectrum Solutions INC Kith of Venal
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Posted - 2006.12.13 18:21:00 -
[31]
Originally by: D'an Y'eal
Originally by: TheFirstInquisitor UK econemy > USA econemy.
I making a killing on ebay and Amazon for the christmas pressies 
UK economy > USA economy????!?!?!?!!??oneoneeleven (I even spelled economy correctly)
lol, just lol dude
US economy = 13.3 Trillion $'s UK ecenomy = just under 2 Trillion $'s (both converted to $'s and latest figures used)
The United States is the single largest producer AND consumer in the world. UK's economy isn't even the largest in Europe. Exchange rates of currencies only partially reflect the economies of their respective countries. Post with your main :D
Is that with population and size taken in to account? Honest question , just wondered.
Insert something clever/funny here |

TheFirstInquisitor
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Posted - 2006.12.13 18:21:00 -
[32]
Originally by: D'an Y'eal
Originally by: TheFirstInquisitor UK econemy > USA econemy.
I making a killing on ebay and Amazon for the christmas pressies 
UK economy > USA economy????!?!?!?!!??oneoneeleven (I even spelled economy correctly)
lol, just lol dude
US economy = 13.3 Trillion $'s UK ecenomy = just under 2 Trillion $'s (both converted to $'s and latest figures used)
The United States is the single largest producer AND consumer in the world. UK's economy isn't even the largest in Europe. Exchange rates of currencies only partially reflect the economies of their respective countries. Post with your main :D
Well the exchange rates say differently. Based on your own numbers, the dollar has how many countries currancys tied to it? USA, China and i think the Canadian dollat, totaling to 13 trillion for the combined population. Then theres the 2Trillion for us 60 million Brits. PS, no, European Union is biggest econemy on Earth, and Germany is the only one bigger than UK. Just the chery on top, 9% of worlds econemy passes through London every day :D
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Xtro 2
Caldari Pre-nerfed Tactics
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Posted - 2006.12.13 18:27:00 -
[33]
Originally by: D'an Y'eal
Originally by: TheFirstInquisitor UK econemy > USA econemy.
I making a killing on ebay and Amazon for the christmas pressies 
UK economy > USA economy????!?!?!?!!??oneoneeleven (I even spelled economy correctly)
lol, just lol dude
US economy = 13.3 Trillion $'s UK ecenomy = just under 2 Trillion $'s (both converted to $'s and latest figures used)
The United States is the single largest producer AND consumer in the world. UK's economy isn't even the largest in Europe. Exchange rates of currencies only partially reflect the economies of their respective countries. Post with your main :D
Is that all we make, well considering all of the UK fits inside texas, thats 1 single american place, i dont think were doing that bad really, next time you look at a map try comparing the sizes and population difference, i think we do quite well considering ;)
. Xtro 2 - Tactically Insane Tradesman. Insanity, or madness, is a semi-permanent, severe mental disorder typically stemming from a form of mental illness. |

MiIes Naismith
Amarr Guru Clan
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Posted - 2006.12.13 18:28:00 -
[34]
Originally by: DOGNOSH
Originally by: Happy Billmore But we have better teeth! 
lol and we have slimmer lasses in the UK(in proportion to the USA)
oh,paying $39 for a 90 day GTC now is similar to paying nearly $50 for it about 6 to 9 months ago,so god bless the dollar and the US of A
YA but a skinny chick with a messed up grill aint much better than fat chick with perfect teeth
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TheFirstInquisitor
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Posted - 2006.12.13 18:29:00 -
[35]
Originally by: Xtro 2
Is that all we make, well considering all of the UK fits inside texas, thats 1 single american place, i dont think were doing that bad really, next time you look at a map try comparing the sizes and population difference, i think we do quite well considering ;)
My hats off to you sir for perfectly summarising that.
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Barthez Thed
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Posted - 2006.12.13 18:32:00 -
[36]
you do not need to pay VAT on purchases of ú18 or less, when bought from outside the uk. Also you do not need to pay VAT on gifts, for others, upto a total value of ú145 (i think) when you buy abroad.
thats why i only buy the 30 day ones and even then only a maximum of 2 at a time
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TheFirstInquisitor
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Posted - 2006.12.13 18:40:00 -
[37]
Hoping to fill a gap in my knowlege here, but do digital goods count as imported and thus subject to VAT? ie, how do i know that im not simply buying off of an international seller based in Britian that prefers USD?
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MrTripps
Gallente
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Posted - 2006.12.13 19:02:00 -
[38]
Edited by: MrTripps on 13/12/2006 19:02:00
Originally by: Harisdrop OHhh no we are exporting to the UK. Its a ploy to get all you money muhahahaha
We are already getting it. At a reasonable interest rate. Currently the UK is the single largest foreign purchaser of US national debt. Number two is, gulp, Saudi Arabia.
Most people would sooner die than think; in fact, they do so. - Bertrand Russell |

Agrias Hellion
Diligentia Sodalitas
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Posted - 2006.12.13 19:09:00 -
[39]
Edited by: Agrias Hellion on 13/12/2006 19:09:02 Oh please don't mention bad things about America some of them will get on their high horse again.
The exchange rate is particulary good at the moment, but its been particulary good for the last five years for us.
More to the point, feel sorry for the Orkadian, they don't need to worry about fat ladies or bad teeth. They have perfect sheep up there so are quite content.
Forgot to add, yes you pay tax on digital goods. My new sig! Yes I need practice!
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Dampfschlaghammer
Minmatar Dusk and Dawn
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Posted - 2006.12.13 19:39:00 -
[40]
Edited by: Dampfschlaghammer on 13/12/2006 19:45:55
Originally by: Tousaka Langley Edited by: Tousaka Langley on 13/12/2006 17:39:56 Huh.
So when the US has a huge trade defecit with China because of the currency translation it is because America Sucks.
When the UK has a huge trade defecit with the US because of the currency translation it is because America sucks?
I am happy you guys are getting stuff for cheap, I really am. But don't make it more than it is.
I am sorry, but you got it wrong here. It's actually quite simple - if a country can produce goods that are in demand, demand for their currency rises, and vice versa.
Apparently, Chinese goods are in high demand, and American goods, in comparison, are not.
Normally we would thus see a huge drop in US-$ exchange rate versus the Renminbi. The result would be a sharp decline in the standard of living in the US and a high increase in the Chinese standard of living - but also in much less exports from China. However, the Chinese government actively seeks to prevent this appreciation of their currency because they apparently prefer building up a stronger and more competitive economy in the long run to the immediate benefits of a higher standard of living for their people.
We have, although clearly on a much smaller scale, a similar situation with the US vs European economy. Here, however, the currencies are completely convertible, and there is no central bank that artificially tries to stabilize the $ by hoarding it in the full knowledge that the reserves will be much less worth in the long run. The result is that the excahange rate immediately adapts.
Note, however, that the exchange rate over the last years has been very volatile in general, so I dont think that there needs to be necessarily a larger trend that reveals any fundamental differences in the competitiveness of their economies in the US vs UK or Europe case.
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Herculite
Hunters Agency Firmus Ixion
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Posted - 2006.12.13 19:51:00 -
[41]
Originally by: MiIes Naismith
YA but a skinny chick with a messed up grill aint much better than fat chick with perfect teeth
UK Obesity Statistics Trends in Overweight and Obesity
About 46% of men in England and 32% of women are overweight (a body mass index of 25-30 kg/m2), and an additional 17% of men and 21% of women are obese (a body mass index of more than 30 kg/m2 ).
Overweight and obesity increase with age. About 28% of men and 27% of women aged 16-24 are overweight or obese but 76% of men and 68% of women aged 55-64 are overweight or obese.
Overweight and obesity are increasing. The percentage of adults who are obese has roughly doubled since the mid-1980's. Overweight and Obesity in Children
The prevalence of obesity increases with age throughout childhood. In 1996, around 13% of 8 year olds and 17% of 15 year olds in England were obese. These levels of childhood obesity are likely to exacerbate the trend towards increased overweight and obesity in the adult population: compared to thin children, obese children have a two-fold increase in the risk of becoming overweight adults.
Keep eating those fried cady bars and blood pudding. 
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Agrias Hellion
Diligentia Sodalitas
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Posted - 2006.12.13 20:26:00 -
[42]
Any statistic created using the BMI system is flawed from the outset. My new sig! Yes I need practice!
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Uncle AlFresco
Caldari
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Posted - 2006.12.13 20:41:00 -
[43]
Originally by: DOGNOSH
Originally by: Happy Billmore But we have better teeth! 
lol and we have slimmer lasses in the UK(in proportion to the USA)
They may be slim, but why are UK horses always asking to get their faces back? Yeah, that Camilla Parker Bowells chick is a hottie!
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Sli'co Scoser
Gallente Luna Tech Manufacturing Industries
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Posted - 2006.12.13 20:57:00 -
[44]
Originally by: DOGNOSH
Originally by: Happy Billmore But we have better teeth! 
lol and we have slimmer lasses in the UK(in proportion to the USA)
Sure, you have your skinny women now, but who'll have any women when the ice age hits and all yours freeze to death? HAHAHAHA! 
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Layla Currie
Followers Of Darkness
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Posted - 2006.12.13 21:00:00 -
[45]
TBH our economy is very shaky at best atm and with the enormous deficit we are incurring i would be surprised if it heads for a collapse in 10 years.
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aggiedog
The Merchant Marines
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Posted - 2006.12.13 21:09:00 -
[46]
Originally by: MrTripps Edited by: MrTripps on 13/12/2006 19:02:00
Originally by: Harisdrop OHhh no we are exporting to the UK. Its a ploy to get all you money muhahahaha
We are already getting it. At a reasonable interest rate. Currently the UK is the single largest foreign purchaser of US national debt. Number two is, gulp, Saudi Arabia.
UK is not near the biggest purchaser, let along number 2. China then I believe Japan are the largest purchasers of US debt in the world. --------------------------------------------- Forum Wars!...Because the battlefeild is laggy. |

Herculite
Hunters Agency Firmus Ixion
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Posted - 2006.12.13 21:21:00 -
[47]
Originally by: Agrias Hellion Any statistic created using the BMI system is flawed from the outset.
Of course but since the same system is used for the US statistics it is a valid comparison. I've seen some recent pictures from a UK beach. It wasn't pretty 
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MrTripps
Gallente
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Posted - 2006.12.13 22:52:00 -
[48]
Originally by: aggiedog UK is not near the biggest purchaser, let along number 2. China then I believe Japan are the largest purchasers of US debt in the world.
I should have been more clear. I don't mean the total amount (in which you are correct). I mean the latest trend. Who is issuing it now. Linkage
Most people would sooner die than think; in fact, they do so. - Bertrand Russell |

Dark Guardian
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Posted - 2006.12.14 00:07:00 -
[49]
Note: according to xe.com, the current exchange between GBP and US dollars is about 0.5. Using the full value in the calculation, I get $39.35. So, you paid approximately $39 for something you can get at the my account page for about $39. I don't see the savings. |

Qutsemnie
Caldari Deep Core Mining Inc.
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Posted - 2006.12.14 00:16:00 -
[50]
Exchange rate is based on relative interest rates and not so much on the absolute strength of the economy. [indirectly interest rates are related to economic strength]
The reason this is obviously true is that you could get better or worse returns on your interest rate securities by using foriegn currencies if they get out of alignement or if they had no relationship.
So for example when interest rates rise in the UK the US dollar becomes weaker relative to the british pound. The reason is that assume that it didnt then you would be better than you used to be to turn your dollars into pounds and get into british interest rate based securities (certificates of deposits etc).
This arbitrage effect makes it so that getting a CD for a year in the united states should have roughly the same return as turning your dollars into pounds, getting a CD in london, buying a forward contract for pounds into dollars, and executing on that in one year (sans risk differences between US and UK banking).
Anyway im just pointing out the strongest relationship between exchange rates isnt in the abstract "economy" but in the relative interest rate outlooks.
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Zissou
5 November
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Posted - 2006.12.14 00:24:00 -
[51]
Ever heard of rip off Britain?
Whatever the exchange rate or the strength of the pound, the US dollar will buy you so much more in the USA than the UK pound will ever buy you in Britain.
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DarkMatter
Amarr Mineral Aquisition Group
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Posted - 2006.12.14 00:55:00 -
[52]
Economies
Newest toy for my 63 acre sandbox Building the homestead |

Geli Tetro
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Posted - 2006.12.14 01:17:00 -
[53]
Originally by: Dark Guardian Note: according to xe.com, the current exchange between GBP and US dollars is about 0.5. Using the full value in the calculation, I get $39.35. So, you paid approximately $39 for something you can get at the my account page for about $39. I don't see the savings.
It is not an option for euro players to choose to pay in dollars we have to pay Ç38.85. which for me make a 90 card approx ú20-21 compared to approx ú26-27 for a 3 month subscription via the account page.
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Kasak Black
The Collective Against ALL Authorities
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Posted - 2006.12.14 01:47:00 -
[54]
An amuseing thread to say the least. Everyone seems to have a Diploma in Ecomonics here. Always fun to watch...
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Sacul
Wreckless Abandon The UnAssociated
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Posted - 2006.12.14 03:20:00 -
[55]
WTH???!!!! Jarack? .....improving intel skills aswell. its the sig mate it gives u away rofl 
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Qutsemnie
Caldari Deep Core Mining Inc.
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Posted - 2006.12.14 04:56:00 -
[56]
I have a minor in economics does that count? I was like what a topical thread! I just took a final in my last economics class on the effect of international interest rates as they relate to exchange rates for a futures market class.
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D'an Y'eal
Dirty Deeds Corp. Axiom Empire
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Posted - 2006.12.14 05:04:00 -
[57]
God, I hate to say it but for once my US public education seems to have served me better than the public education you Brits have got. lol
Strength of the economy has only a marginal influence on currency exchange rates (see debt, trade deficits, public freakin opinion!). Fact remains United States economy is the largest in the world. The EU and the US are very close as far as GDP numbers go so please, explain to me how a fraction of the EU can exceed the US?
I am, truly happy the exchange rate is going your way. The US economy could really use more tourist dollars. Think of how cheaply you all can visit! When CCP does their un-official Fanfest in Las Vegas again this year, please remember to come visit!
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