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Canadian Dollar reaches $1.10 USD

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Cipher7 VersaTech Interstellar Ltd. SMASH Alliance	Posted - 2007.11.07 23:54:00 - [31] It is in the best interests of Republi****s to have a bad economy and a crappy education system. Uneducated people = Republican voter base The Poor = US Army recruits
Ilvan	Posted - 2007.11.08 01:02:00 - [32] Originally by: pwnedgato 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. ** globalization.
Dominicus Tempest Caldari Siorai Iontach Brotherhood of the Spider	Posted - 2007.11.08 01:44:00 - [33] This sucks for a good portion of the Canadian economy. We are a strong exporting country that has something like 70% of our exports going to the US. This dollar power we have over the US now will make the US importers want to import less from us - whether that means they import less in general or they find a cheaper country to import from. Since the US dollar weakening is the main reason for the Canadian dollar being stronger, it's hopeful that other countries will not be any more attractive to import from since their dollars should be also more expensive (assuming their economies are stable). I hope you guys down are able to recover well from this. For Canada it may be nice for traveling but not for our exporting industry.
Astorothe Amarr Aperture Science Industries	Posted - 2007.11.08 02:03:00 - [34] Aussie dollar now buys 94 US cents - highest all time record. Perth players join channel PerthChat \| Web design for Eve Corps
Akita T Caldari Navy Volunteer Task Force	Posted - 2007.11.08 02:10:00 - [35] EUR-USD GBP-USD CAD-USD Yup, USD is in a plunge right now... _ 1\|2\|3
Astorothe Amarr Aperture Science Industries	Posted - 2007.11.08 02:11:00 - [36] I think I might save up to buy Texas. Perth players join channel PerthChat \| Web design for Eve Corps
Ademaro Imre Caldari Eye of God	Posted - 2007.11.08 03:13:00 - [37] Originally by: Cipher7 The Poor = US Army recruits Stop drinking liberal coolaid.
Wendat Huron Stellar Solutions	Posted - 2007.11.08 04:17:00 - [38] Originally by: Ademaro Imre Edited by: Ademaro Imre on 08/11/2007 03:23:48 Originally by: Cipher7 The Poor = US Army recruits Stop drinking liberal Koolaid. Even during this war, there is a lower ratio of recruits that are poor. The median household income of recruits were 35-40K over the last three years. Of household incomes of 18-24 year old recruits, less than 14% of the recruits are in the lowest 20% income. 23% of recruit come from the highest 20% household incomes. That just means most are ****poor in the US, 40k income per household, jebus wept! These forums are FUBAR, upgrade this decade!
Edsel Dominus Nihil Development	Posted - 2007.11.08 04:59:00 - [39] If everyone thinks itÆs in such a bad state right now (and they obviously will not let the USD fail) then buy a bunch of USDÆs thru currency exchange and make a profit in a year or two when it goes back up.
Ademaro Imre Caldari Eye of God	Posted - 2007.11.08 05:04:00 - [40] Originally by: Wendat Huron Originally by: Ademaro Imre Edited by: Ademaro Imre on 08/11/2007 03:23:48 Originally by: Cipher7 The Poor = US Army recruits Stop drinking liberal Koolaid. Even during this war, there is a lower ratio of recruits that are poor. The median household income of recruits were 35-40K over the last three years. Of household incomes of 18-24 year old recruits, less than 14% of the recruits are in the lowest 20% income. 23% of recruit come from the highest 20% household incomes. That just means most are ****poor in the US, 40k income per household, jebus wept! No, its the recruitment bracket. The second highest recruitment bracket is 40-45K. And that is abotu the world average household income of industrialized nations.
Daedalus DuGalle Gallente University of Caille	Posted - 2007.11.08 05:33:00 - [41] Originally by: Edsel If everyone thinks itÆs in such a bad state right now (and they obviously will not let the USD fail) then buy a bunch of USDÆs thru currency exchange and make a profit in a year or two when it goes back up. I remember the good times when we could borrow large amounts on Yen, stick it into bonds in US or Europe or wherever, wait for maturity, pay it back to Japanese banks and still make a profit. Good times.
Cipher7 VersaTech Interstellar Ltd. SMASH Alliance	Posted - 2007.11.08 05:58:00 - [42] Originally by: Ademaro Imre Stop drinking liberal Koolaid. Even during this war, there is a lower ratio of recruits that are poor. The median household income of recruits were 35-40K over the last three years. Of household incomes of 18-24 year old recruits, less than 14% of the recruits are in the lowest 20% income. 23% of recruit come from the highest 20% household incomes. Its mostly kids from rural states with no future except a life of Truck Driving. No I guess 35-40k isn't quite "poverty", but I think most people would consider a 40k household to be "the working poor."
Bellac	Posted - 2007.11.08 08:17:00 - [43] At $2.10 to ú1 its worth going to newyork for the chrisatmas shopping so its not all bad news for the us economy. Also I am no economist admitidly - but whats with the whole "my money is bigger than yours " thing. If you have a strong currency like the pound - nobody from another country want to buy anything from you and thats bad - surely
MrTriggerHappy Caldari Interstellar eXodus R0ADKILL	Posted - 2007.11.08 09:42:00 - [44] Time to start importing goods me thinks.. that new zune comes out soon... maybe.. -------------------------------- My Comments in no way reflect my corp or alliance
NightHaunter Caldari	Posted - 2007.11.08 11:49:00 - [45] Originally by: Micheal Dietrich 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. Wait, The War At Terror?
ReaperOfSly Gallente Lyrus Associates	Posted - 2007.11.08 11:56:00 - [46] Originally by: NightHaunter Originally by: Micheal Dietrich 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. Wait, The War At Terror? The War Against Terror. He actually failed his joke because he wrote "the war ON terror" which is T.W.O.T. --------------------------------------------------------------------
DarkMatter Sintered Sanity	Posted - 2007.11.08 13:17:00 - [47] Edited by: DarkMatter on 08/11/2007 13:23:51 Sucks for CAN businesses/shops near the border. We have so many CAN shoppers here it's insane. Huge boost to our local economy... Quote: 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. And? So what if it does? How long was your dollar at that exchange rate to ours? Decades? It will go to $1.50 before we see it go back the other way, IF it ever does... Globalization is here! My Current Project
Kirjava Lothian Quay Industries Zzz	Posted - 2007.11.08 13:27:00 - [48] You know its insane when it is cheaper to export materials to China for assembly to be shipped back to Europe Ahwell, we are making huge proffits out of the US econemy atm, I halved my Eve subscription by buying a GTC with Dollars, I buy books off US websites when I know the editions are the same, import them and still make a proffit. George Bush 4tw if he can keep this up Originally by: CCP Morpheus Post with your alt.
Aletheja The Cruciform The Church.	Posted - 2007.11.08 16:19:00 - [49] Edited by: Aletheja on 08/11/2007 16:20:20 Tbh thats a disaster for export nations like Germany ... we are worlds #1 in exporting -> a high euro / weak dollar means less export to the US f.e. because a BMW or AUDI suddenly costs 60k and not 40k dollars. Means the economy growth will go slightly go down next year =/
Micheal Dietrich Cynical Cartel	Posted - 2007.11.08 16:28:00 - [50] Originally by: Cipher7 Originally by: Ademaro Imre Stop drinking liberal Koolaid. Even during this war, there is a lower ratio of recruits that are poor. The median household income of recruits were 35-40K over the last three years. Of household incomes of 18-24 year old recruits, less than 14% of the recruits are in the lowest 20% income. 23% of recruit come from the highest 20% household incomes. Its mostly kids from rural states with no future except a life of Truck Driving. No I guess 35-40k isn't quite "poverty", but I think most people would consider a 40k household to be "the working poor." The working poor is at $20,000 a year. People like Wal-mart employees, Illegals working crops, maintanance, laundry workers, thise sort of spots. I make just over 40 a year and you don't see me looking poor. I own a 2000 sqft house with a 4 car garage on 10 acres. I own 7 horses and can feed them all year long with no crimp in my budget. I own a 94 nissan pickup and a 2000 Jeep Sahara. How many poor people do you see running around with that. ___________________________ Never Forget, Never Forgive
Pwn4ge P4nts Caldari Provisions	Posted - 2007.11.08 16:48:00 - [51] Originally by: Micheal Dietrich Originally by: Cipher7 Originally by: Ademaro Imre Stop drinking liberal Koolaid. Even during this war, there is a lower ratio of recruits that are poor. The median household income of recruits were 35-40K over the last three years. Of household incomes of 18-24 year old recruits, less than 14% of the recruits are in the lowest 20% income. 23% of recruit come from the highest 20% household incomes. Its mostly kids from rural states with no future except a life of Truck Driving. No I guess 35-40k isn't quite "poverty", but I think most people would consider a 40k household to be "the working poor." The working poor is at $20,000 a year. People like Wal-mart employees, Illegals working crops, maintanance, laundry workers, thise sort of spots. I make just over 40 a year and you don't see me looking poor. I own a 2000 sqft house with a 4 car garage on 10 acres. I own 7 horses and can feed them all year long with no crimp in my budget. I own a 94 nissan pickup and a 2000 Jeep Sahara. How many poor people do you see running around with that. Considering that the price of food, cars, gas and consumer products in the US are usually a good deal lower than in most european countries, then 40K isn't bad. But take that 40K and move to say, Norway, and you would find yourself seriously struggling to maintain the same quality of living.Infact it would be impossible. This is purely academical, of course, since wages in Norway are higher.
Tortun Nahme Minmatar Heimatar Services Conglomerate	Posted - 2007.11.08 16:57:00 - [52] considering the drop we have had in exports to the US lately, and the fact the strong dollar has allowed ALOT of smaller Canadian oil companies to buy out and drive away alot of the US oil companies here in alberta, I'm certainly not crying not to mention we make a hella bigger profit from imports now to be fair the canadian economy has been growing in strength since the mad cow scare (frankly the US **ing us off by cutting off imports on beef, and the softwood lumber *ing gave us a chance to look for better partners) Originally by:** Surfin's PlunderBunny Edited by: Surfin''s PlunderBunny on 04/11/2007 21:34:44 EDIT You know what, Tortun has this one under control...* *Basks in the chaos of this thread
Micheal Dietrich Cynical Cartel	Posted - 2007.11.08 16:59:00 - [53] Originally by: Pwn4ge P4nts Originally by: Micheal Dietrich Originally by: Cipher7 Originally by: Ademaro Imre Stop drinking liberal Koolaid. Even during this war, there is a lower ratio of recruits that are poor. The median household income of recruits were 35-40K over the last three years. Of household incomes of 18-24 year old recruits, less than 14% of the recruits are in the lowest 20% income. 23% of recruit come from the highest 20% household incomes. Its mostly kids from rural states with no future except a life of Truck Driving. No I guess 35-40k isn't quite "poverty", but I think most people would consider a 40k household to be "the working poor." The working poor is at $20,000 a year. People like Wal-mart employees, Illegals working crops, maintanance, laundry workers, thise sort of spots. I make just over 40 a year and you don't see me looking poor. I own a 2000 sqft house with a 4 car garage on 10 acres. I own 7 horses and can feed them all year long with no crimp in my budget. I own a 94 nissan pickup and a 2000 Jeep Sahara. How many poor people do you see running around with that. Considering that the price of food, cars, gas and consumer products in the US are usually a good deal lower than in most european countries, then 40K isn't bad. But take that 40K and move to say, Norway, and you would find yourself seriously struggling to maintain the same quality of living.Infact it would be impossible. This is purely academical, of course, since wages in Norway are higher. Exactly. I'm in the ok zone where I live currently. Say I wanted to move to Burley (smaller rural area) with what I make. I would be living like a king there since the cost of living is way lower in that area. If I move to Cali, I would be lucky to have a 1 bedroom apartment. ___________________________ Never Forget, Never Forgive
Verone	Posted - 2007.11.08 17:16:00 - [54] 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 lol, you got no idea how much new pc harware i've bought from the states off ebay in the last month >>> TRIBUTE TO A FALLEN WINGMAN <<<
DarkMatter Sintered Sanity	Posted - 2007.11.08 17:46:00 - [55] Quote: I feel sorry for you Americans really, it's not good having your economy in such a state Why? It should not be in the best interest of a country to have their currency 2x, 3x, 10x the value of the rest of the world(s)... It will only bite you in the ass in times to come... Some of the EU countries will be hit very hard when globalization is the norm in a few decades... It's just the beginning... My Current Project
Derovius Vaden	Posted - 2007.11.08 19:40:00 - [56] Originally by: DarkMatter Quote: I feel sorry for you Americans really, it's not good having your economy in such a state Why? It should not be in the best interest of a country to have their currency 2x, 3x, 10x the value of the rest of the world(s)... It will only bite you in the ass in times to come... Some of the EU countries will be hit very hard when globalization is the norm in a few decades... It's just the beginning... Blind patriotic ferver and tin foiling make me lol. "You no dis ma country, ya hear!"
Battleclash	Posted - 2007.11.08 19:52:00 - [57] I swear to God that canooks are worse than Okies and Okies are bad enough to be around. Originally by: Vladimir Ilych Stupidity is universal.
Splagada Minmatar Tides of Silence Hydra Alliance	Posted - 2007.11.08 20:33:00 - [58] Edited by: Splagada on 08/11/2007 20:33:59 i dont see the link beween the price of a currency and the state of the economy... you heard that importing goods was also good for a country, right? :p all that stuff is arranged so many levels above our heads its not even funny ------ Proud Janitor of Tides of Silence
Ademaro Imre Caldari Eye of God	Posted - 2007.11.08 21:47:00 - [59] Originally by: Cipher7 Originally by: Ademaro Imre Stop drinking liberal Koolaid. Even during this war, there is a lower ratio of recruits that are poor. The median household income of recruits were 35-40K over the last three years. Of household incomes of 18-24 year old recruits, less than 14% of the recruits are in the lowest 20% income. 23% of recruit come from the highest 20% household incomes. Its mostly kids from rural states with no future except a life of Truck Driving. No I guess 35-40k isn't quite "poverty", but I think most people would consider a 40k household to be "the working poor." Are you trying to make yourself look stupid, or is it a natural ability? You do not know a damn thing about the US military. California: 11% Florida 6% New York: 5% Pennsylvania 4% Michigan 3% Illinois 4% Ohio 4% Maryland 2% Rural enough? HS graduation rate is 97%, general population is 80% When you stop drinking liberal Koolaid then you might know something about the US soldier. But as it stands, you know nothing.
Ademaro Imre Caldari Eye of God	Posted - 2007.11.08 22:03:00 - [60] Originally by: Bellac At $2.10 to ú1 its worth going to newyork for the chrisatmas shopping so its not all bad news for the us economy. Also I am no economist admitidly - but whats with the whole "my money is bigger than yours " thing. If you have a strong currency like the pound - nobody from another country want to buy anything from you and thats bad - surely This thread is so funny about that. In the States, its a non-issue. There is no inflation except in some energy prices. No one really cares. Many people think its great, and it is FANTASTIC! Many companies that might have closed up shop and moved overseas have been bought by foreign companies and - they are staying here now. In fact, some of those companies that were bought as a result of the dollar drop - are now expanding as a result of the new owners using their now more valuable money. There are even some idiots that think this will somehow impact US military recruiting - that is how low the stupidity gets. Meanwhile, NO inflation. Everyone thinks the US economy is somehow suffering and that their economies are somehow shielded, and their usual anti-Americanism comes out so much they need to post about it. And business owners like me, are laughing our asses off looking forward to all the different places other Americans will be sending their money to instead of imports. There is a real reason why China purposefully devaluates their currency, because they do not want to happen, what will be soon happening to other currencies and having their exports to the US vastly diminished.

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