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Derovius Vaden
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Posted - 2007.11.07 17:09:00 -
[1]
Looks like the American economy is going down in flames, seeing as our currency has jumped nearly 24 cents in the last 3 months with respect to it. Makes me wonder just how low the greenback can go before someone down there gets their act together. Some economists are saying as high as $1.20.
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Derovius Vaden
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Posted - 2007.11.07 17:09:00 -
[2]
Looks like the American economy is going down in flames, seeing as our currency has jumped nearly 24 cents in the last 3 months with respect to it. Makes me wonder just how low the greenback can go before someone down there gets their act together. Some economists are saying as high as $1.20.
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Micheal Dietrich
Cynical Cartel
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Posted - 2007.11.07 17:12:00 -
[3]
You guys need it. All your crap costs more. Except drugs. Drugs costs way elss up there.
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Never Forget, Never Forgive |
Micheal Dietrich
Cynical Cartel
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Posted - 2007.11.07 17:12:00 -
[4]
You guys need it. All your crap costs more. Except drugs. Drugs costs way elss up there.
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Never Forget, Never Forgive |
An Anarchyyt
Gallente
Sublime.
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Posted - 2007.11.07 17:52:00 -
[5]
 Originally by: Micheal Dietrich
You guys need it. All your crap costs more. Except drugs. Drugs costs way elss up there.
It doesn't "cost more". It has to do with USD/CAN conversion, and what it was for a long long time. But yea, I was just up in Canada recently, and this sucks.
Originally by: CCP Wrangler
Second, a gentile is a non jewish person
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Asestorian
Domination.
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Posted - 2007.11.07 17:53:00 -
[6]
Even worse, 1 British pound = 2.0837 U.S. dollars.
I feel sorry for you Americans really, it's not good having your economy in such a state. That said, I do want to go to America to take advantage of how cheap everything is there compared to here now 
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MOZO
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Gordan Freeman
Caldari
V i r u s
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Posted - 2007.11.07 17:58:00 -
[7]
I would bet that the U.S is going to put gigantic tarrifs(sp..) on goods bought overseas soon.
Ron Paul For President |
Johnathan Roark
Caldari
Quantum Industries
Interstellar Alcohol Conglomerate
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Posted - 2007.11.07 18:04:00 -
[8]
Only matters when traveling or importing. Trade within the states for items that are completely produced in the states would not effect prices. In some cases it actually helps our economy, such as cases where companies export goods, but don't import much.
Traveling to fanfest hurt my pocket book, wish i converted my cash right when I decided I was going.
Corporation Management Improvement |
Aletheja
The Cruciform
The Church.
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Posted - 2007.11.07 18:05:00 -
[9]
1 Euro = 1.44800 U.S. dollars ... somehow you have to finance a multi billion dollar war =)
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Dark Shikari
Caldari
Imperium Technologies
Firmus Ixion
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Posted - 2007.11.07 18:21:00 -
[10]
Edited by: Dark Shikari on 07/11/2007 18:21:46
I find it highly amusing how people can say anything good about how the current administration has handled the economy when the dollar has dropped in value so precipitously.
I mean seriously, the value of everything in America has dropped by a total of trillions of euros/whatever currency you want to use. Yet many people still aren't complaining? 
23 Member
EVE Video makers: save bandwidth! Use the H.264 AutoEncoder! (updated) |
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Sqalevon
Masuat'aa Matari
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Posted - 2007.11.07 18:23:00 -
[11]
This does not look too good for the US, especially considering they have had a negative trade balance for a while, meaning they import more then they export, meaning they don't benefit from their weak dollar, and are actually suffering from it.
I hope this won't disrupt the world's economy on the long term.
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Tarminic
Forsaken Resistance
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Posted - 2007.11.07 19:15:00 -
[12]
Originally by: Asestorian
Even worse, 1 British pound = 2.0837 U.S. dollars.
I feel sorry for you Americans really, it's not good having your economy in such a state. That said, I do want to go to America to take advantage of how cheap everything is there compared to here now
But we're winning the War on Terror at least! Right guys, hehe? Guys?
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Tarminic - 29 Million SP in pink Forum Warfare |
Micheal Dietrich
Cynical Cartel
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Posted - 2007.11.07 19:31:00 -
[13]
Originally by: Tarminic
But we're winning the War on Terror at least! Right guys, hehe? Guys?
A.K.A. T.W.A.T.
Leave it to our president to think of that acronym.
___________________________
Never Forget, Never Forgive |
Jenny Spitfire
Caldari
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Posted - 2007.11.07 20:02:00 -
[14]
What are you guys happy with that? If USD falls, everyone will fall. MNCs will cut off employees and everyone will have no job. US companies in Canada, Europe and worldwide would move away and would you still laugh at the issue?
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Technica impendi Caldari generis. Pax Caldaria!
Kali is for KArebearLIng.
I 100% agree with Avon.
Female EVE gamers? Mail Zajo or visit WGOE.Public in-game. |
Ilvan
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Posted - 2007.11.07 20:25:00 -
[15]
Originally by: Jenny Spitfire
What are you guys happy with that? If USD falls, everyone will fall. MNCs will cut off employees and everyone will have no job. US companies in Canada, Europe and worldwide would move away and would you still laugh at the issue?
You mean the corporations that exploit our resources while screaming bloody murder at the idea of paying a cent more in royalties? **** them. The sooner the multi/transnats get out of my country the better.
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Sqalevon
Masuat'aa Matari
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Posted - 2007.11.07 20:29:00 -
[16]
Originally by: Jenny Spitfire
What are you guys happy with that? If USD falls, everyone will fall. MNCs will cut off employees and everyone will have no job. US companies in Canada, Europe and worldwide would move away and would you still laugh at the issue?
No one said they are happy with it.
It will only benefit people that go on a holiday to the US or import stuff from the US.
As far as I can tell, everyone here saw this comming and is convinced that US government has got their priorities wrong.
I have no idea what will happen if the USD collapses, that's beyond anything I can comprehend ( I think ) but I'm sure I'll survive :)
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Seroquel
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Posted - 2007.11.07 20:48:00 -
[17]
who the **** cares
(\_/)
(O.o)
(> <) This is Bunny. Copy Bunny into your signature to help him on his way to world domination. |
Patch86
Di-Tron Heavy Industries
Atlas Alliance
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Posted - 2007.11.07 20:50:00 -
[18]
I'm passably, theoretically happy with it in a very round about way. The failing US economy is allegedly going to cause a dive in the housing market here in the UK, and that means houses will have a lower value. As a person currently busily saving for his first property, I welcome any crashes the housing market has to throw at me
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Originally by: CCP Prism X
There's no such thing as playing too much EvE!
You all obviously need more accounts! |
Keorythe
Caldari
Terra Rosa Militia
Sev3rance
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Posted - 2007.11.07 21:39:00 -
[19]
Edited by: Keorythe on 07/11/2007 21:44:46
The dollar goes up and down in value based on the interaction with the other countries. From economics 101 you can't base a nations economy on the exchange rate. The pound and the euro haven't changed that much at all. I guess that Canada's economy is so poor that if their exchange rate went up then it had nothing to do with Canada and everything to do with the US? Give yourselves a little credit will ya?
Part of the exchange rate change is from a hiccup with the housing market scam. Instead of a slow burn that could have been fixed our national media needed a major negative story to scare up some ratings (Iraqi has been getting too quiet lately for them). So BOOM consumer confidence goes into panic mode and the market goes down hard. However, if you've been noticing it didn't crash and burn as bad as it could nor was it going to put the US in a recession. Its actually starting to rebound but that will take time as consumer confidence has to rebuild itself. Assuming that CNN doesn't start telling us that Mad Cow disease has revived and we should boycott food markets and canadian products.
No this should not cause a housing market downfall in the UK. The housing market issue in the US was due to an absurdly low interest rate which caused many banks to think that they could afford to offer loans to people that really couldn't afford them. When the rate changed and banks slowly stopped offering these loans (the smarts ones anyway) it was all handled slowly and without much issue until the media became involved. So unless this happened in the UK I dont see how our housing market crash will cause you all one.
Hate to break it to you guys but other than that one area the rest of the US economy is doing just fine...assuming we dont get anymore lead painted dolls
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Ademaro Imre
Caldari
Eye of God
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Posted - 2007.11.07 21:45:00 -
[20]
Originally by: Derovius Vaden
Looks like the American economy is going down in flames, seeing as our currency has jumped nearly 24 cents in the last 3 months with respect to it. Makes me wonder just how low the greenback can go before someone down there gets their act together. Some economists are saying as high as $1.20.
You need a new world view. Why don't you come to the US to see how bad the economy is? In fact, all the new things you will be importing will be a clue.
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Micheal Dietrich
Cynical Cartel
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Posted - 2007.11.07 21:47:00 -
[21]
Mad Cow disease still has another year or so before it respawns in the news.
It seems to crop up every 3-4 years.
___________________________
Never Forget, Never Forgive |
Keorythe
Caldari
Terra Rosa Militia
Sev3rance
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Posted - 2007.11.07 21:48:00 -
[22]
Originally by: Patch86
I'm passably, theoretically happy with it in a very round about way. The failing US economy is allegedly going to cause a dive in the housing market here in the UK, and that means houses will have a lower value. As a person currently busily saving for his first property, I welcome any crashes the housing market has to throw at me
While I addressed the housing market crash in the UK is the above post I just want to point out that this is exactly what alot of Americans are thinking right now. Its all about consumer confidence and right now in the US it is a great time to buy a house. Banks will be a little strict on the mortgage but thats it.
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Mtthias Clemi
Gallente
Infinitus Odium
The Church.
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Posted - 2007.11.07 22:11:00 -
[23]
Didn't some high class supermodel demand to be paid in euros recently?
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THE CAKE IS A LIE!
THE CAKE IS A LIE!
THE CAKE IS A LIE!
THE CAKE IS A LIE!
THE CAKE IS A LIE! |
Van Hubern
Gallente
Inner Calm
Order of Khaos
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Posted - 2007.11.07 22:56:00 -
[24]
No worries. If our dollar weakens further, our Congress will hold an emergency session, and vote themselves another pay raise. 
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ReaperOfSly
Gallente
Lyrus Associates
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Posted - 2007.11.07 23:26:00 -
[25]
YAY the economy is collapsing. Oil prices will sky rocket! Wall Street bankers will jump off tall buildings. Aeroplanes will drop out of the sky as they run out of fuel. The world will be plunged into a 1929-style depression. And I'll be able to afford a house!
Oh wait, I won't have a job. Never mind.
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Deschenus Maximus
Amarr
Digital Fury Corporation
Digital Renegades
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Posted - 2007.11.07 23:32:00 -
[26]
The rise of the loonie is not just tied to the weakness of the greenback though. There are other factors, not the least of which is the crazy cost of crude oil.
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Deschenus Maximus
Amarr
Digital Fury Corporation
Digital Renegades
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Posted - 2007.11.07 23:33:00 -
[27]
Originally by: ReaperOfSly
Oh wait, I won't have a job. Never mind.
Join the army!
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ReaperOfSly
Gallente
Lyrus Associates
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Posted - 2007.11.07 23:36:00 -
[28]
Edited by: ReaperOfSly on 07/11/2007 23:36:24
Originally by: Deschenus Maximus
Originally by: ReaperOfSly
Oh wait, I won't have a job. Never mind.
Join the army!
See the world and blow it to smithereens! 
Edit: it just occured to me to wonder what a singular smithereen is.
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pwnedgato
Ore Mongers
R0ADKILL
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Posted - 2007.11.07 23:45:00 -
[29]
Originally by: Ilvan
You mean the corporations that exploit our resources while screaming bloody murder at the idea of paying a cent more in royalties? **** them. The sooner the multi/transnats get out of my country the better.
you sir fail at the economics of globalization.
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signature |
Patch86
Di-Tron Heavy Industries
Atlas Alliance
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Posted - 2007.11.07 23:48:00 -
[30]
Originally by: Keorythe
No this should not cause a housing market downfall in the UK. The housing market issue in the US was due to an absurdly low interest rate which caused many banks to think that they could afford to offer loans to people that really couldn't afford them. When the rate changed and banks slowly stopped offering these loans (the smarts ones anyway) it was all handled slowly and without much issue until the media became involved. So unless this happened in the UK I dont see how our housing market crash will cause you all one.
I know the Daily Mail is hardly a pillar of journalistic excellence, but seeing as I happened to have a copy at hand: Falling house prices "to hit half the country".
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Originally by: CCP Prism X
There's no such thing as playing too much EvE!
You all obviously need more accounts! |
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