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123 Comments
- Awwzm, on 07/17/2009, -0/+62If you want to take a trip, go to the red countries.
- Auraness, on 07/17/2009, -1/+46Red countries are communists. Do you hate America, son?
- Killerfilm, on 07/17/2009, -0/+26Sadly...I want to go to Japan most of all. Stupid recession...
- inactive, on 07/17/2009, -1/+24 I know my local Kroger loves it when I come in with a chest full of doubloons and tell them "Behold sheeple! REAL MONEY!"
- plasma25, on 07/17/2009, -1/+24Great infographic... thanks mint
- floridiot2, on 07/17/2009, -1/+22Same with ENGLISH! Us Americans invented it, get your own language morans!
- googooly, on 07/17/2009, -0/+12Gota love Mint and their awesome graphs
- Tanktunker, on 07/17/2009, -0/+11Go to South Africa, now only 1 out of every 4 people raped on any given night.
- 2Six119, on 09/10/2009, -1/+12Time to invest in those Japanese robot stocks!
- Sagags, on 07/17/2009, -1/+12ever heard of the lost decade?
- MogusMaximus, on 07/17/2009, -2/+12Leave tired alone. And stop posting, k thanks.
- TomTruelle, on 07/17/2009, -1/+10lol stfu
- inactive, on 07/17/2009, -0/+9As the world went down (in this case the USA), their money seemed stronger, relatively speaking. It's not that they got better, just that we got worse.
- tgc1, on 07/17/2009, -0/+9Nintendo.
- masamunecyrus, on 07/17/2009, -0/+7Somewhat counter-intuitively, their economy is being ruthlessly destroyed by the strong yen, since they rely so much on exports.
- nirvanix, on 07/17/2009, -1/+8Our Cdn dollar is called the LOONIE. Hard to believe our dollar is worth 91% of nothin.
- crazlunatic, on 07/17/2009, -0/+6why did Japan's currency go up?
- RogerStrong, on 07/17/2009, -0/+6Keep in mind that it's misleading as all hell, as an indicator of how the *economies* are doing.
Take Canada for example. It's doing far better in the recession. No bank bailouts, less unemployment, no mortgage crisis, etc. And yet it's dollar has gone down.
The reason: Canada has an export-based economy, with the U.S. being the biggest customer. It **WANTS** the dollar to be below $.91, otherwise it hurts exports, which hurts the economy.
The chart starts in late 2007 when the Canadian dollar was at an all-time high. Manufacturers were panicking and laying people off because American companies couldn't afford their products. Canada has since dropped interest rates to nothing to try to lower the Canadian dollar. Running up the first budget deficit in a decade doesn't hurt either.
Japan's economy economy isn't doing too well, and doesn't match the Yen's climb. - addicted68098, on 07/17/2009, -1/+7For those not completely paranoid about the the banking system it really shows the world is in about the same boat as us. Except Japan those dirty bastards.
- hakkola, on 07/17/2009, -0/+6Actually, you import more from Canada and Mexico than you do from Japan.
http://dataweb.usitc.gov/scripts/cy_m3_run.asp
Biggest trade partner overall is Canada.
http://en.wikipedia.org/wiki/List_of_the_largest_t ... - GrammerPants, on 07/17/2009, -1/+7Canadian dollar? How's that? Or would you prefer something more on the lines of the Bolivar Fuerte or Hryvna?
- pradaaddict, on 07/17/2009, -3/+9What makes Gold any more "REAL" than fiat currency? Both have values placed on them based on what people say it's worth and nothing more. Currency is based on peoples willingness to accept it for trade, not how shiny it is.
- outfed, on 07/17/2009, -0/+5PROTIP: Russia is a pretty ***** vacation spot.
- Tiak, on 07/17/2009, -0/+5If anything, gold has been more volatile than most currencies lately...
1 year chart: http://goldprice.org/charts/history/gold_1_year_o_ ...
of course, silver has been even worse: http://silverprice.org/charts/history/silver_1_yea ... - alpha88, on 07/17/2009, -2/+7Annoying how Canadian banks are supposed to be some of the most stable, plus we have fresh water, oil, etc. etc., and yet our currency still falls compared to the U.S. dollar, when the U.S. caused the economic crisis, and spends all its money on war.
:/
Also, inb4 buried by the majority. - Gndoab, on 07/17/2009, -0/+5Enjoy your tentacle porn.
- inactive, on 07/17/2009, -3/+8You don't get jokes, do you? Is that a prerequisite for being insane?
- sat0shi, on 07/17/2009, -0/+5Japan's economy is actually one of the worst of all the industrialized nations right now. As I explained in a post above the JPY is merely a risk-aversion investment and that is the only reason its value has increased throughout the recession. A strong JPY actually HURTS the economy of Japan as it hurts the value of exports which is Japan's primary source of income. A neat little fact to know is that Japan uses 95 JPY to the USD as its benchmark rate when calculating profits/losses for exports. When USDJPY is less than 95, as it is right this moment, companies begin to actually lose money for no other reason other than the value of their currency has gotten too strong.
- Tanktunker, on 07/17/2009, -0/+5The worth of currencies is also determined by transactions you buffoon, not by the government.
- philliesphan026, on 07/17/2009, -0/+4This makes me wonder why we don't have a $1 coin in mass circulation (sure there's that new golden dollar coin thing that was recently released and Sacajawea coins but I rarely ever see those)
- dizzyd_23, on 07/17/2009, -0/+4I like those odds.
- unsocialentity, on 07/17/2009, -1/+5Japan isn't as expensive as most think. I went to Tokyo for two weeks earlier this year, it was cheaper than going to New York City for 8 days, including the flight.
- kreativenaim, on 07/17/2009, -0/+4I think we should be worried more about inflation than exchange rates and relative values of currencies. If the dollar plummets in value, what good does it do us to know whether the rest of the world is as screwed as we are?
- munkymanG, on 07/17/2009, -0/+4Their economy didn't go up, the value of the Yen did in comparison to the US Dollar. Also it isn't as simple as going up being good and going down being bad when it comes to currencies.
- shayne8181, on 07/17/2009, -3/+6when a countries currency depreciates relative to US dollar, US demand for that countries exports goes up cuz goods are cheaper to buy. If that theory holds, we would have less imports from China and Japan. That's a positive, we import the most from there and wonder why our unemployment is almost 10%
- shellnet, on 07/17/2009, -1/+4Quality products is a world of crap makes for a viable economy.
- Gr1nch, on 07/17/2009, -0/+3I have a stack of 40 or so of them on my coffee table. I keep the presidents I like and I give the one's I don't to hobos/vagabonds who can tell me who the person is. Do you know who James Polk is? Or where Andrew Jackson came from? I figure most people don't, and if they can tell me, than I'll be glad to reward them with a dollar.
- kenkyomausu, on 07/17/2009, -4/+7Mint always has these badass graphs that always say US economy or US consumption sucks. I really don't care because they're pretty.
- inactive, on 07/17/2009, -0/+3I bet your kroger would gladly take payments in gold if you actually offered to.
Bring in 1 ounce of gold, and ask for $930 worth of groceries. - CaviMike, on 07/17/2009, -0/+3Sooo, who's moving to Japan with me?
- 7aji, on 07/17/2009, -0/+3I want to visit Japan too. Just to prove to myself that they don't have robots flying hover cars there yet!!
- omgwtflawl, on 07/17/2009, -1/+4Is this one of those misleading graphs which correlates the data to the radius of the circle? So if one currency went down twice as much as another currency the coin would appear four times as large?
- inactive, on 07/17/2009, -0/+3
The Treasury department is selling $30 billion + per week right now which is $1.5 trillion per year onto our debt
The federal government is running a $1.2 trillion dollar deficit this year.
The Federal reserve is lending money to banks at 0.25% APR currently. You could take out a $10 million dollar loan and pay ~$2000 per month interest on it. That is damn near free loans being handed out to our banks causing huge amounts of inflation.
Oh, and our national debt broke $12 trillion dollars already. It is on track to break $14 trillion by the end of the year. And $17-18 trillion at the end of 2010. - Tanktunker, on 07/17/2009, -1/+4Bloody lizardmen amirite?
- inactive, on 07/17/2009, -0/+3What about the Icelandic Krona?
I visited Iceland at the peak of its currency. If I visited today, everything would cost not even a third as much. - hildenborg, on 07/17/2009, -1/+4And yet the US is printing money faster than trees can grow... Could someone please explain to me how you can print more money, and at the same time having it increase in value?
I really hope it isn't yet another bubble... - ericthesalmon, on 07/17/2009, -0/+2Personally, I blame the robots.
- litsgt, on 07/17/2009, -0/+2yay for barter system!
- zeth006, on 07/17/2009, -0/+2Dugg for the chuckle you just gave me.
I don't think he's being a troll. No one could say that with a straight face. - slickmick, on 07/17/2009, -2/+4You can't -- unless the currency markets are interconnected and rigged, including the gold and silver markets.
They are, and this is the organization you've never heard of that does it:
http://en.wikipedia.org/wiki/Bank_for_Internationa ...
But even this grand conspiracy can't last much longer. -
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