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- Richiedude, on 11/06/2007, -33/+543thank you mr. bush!
- inactive, on 11/06/2007, -4/+295You borrow money from people and wait 5 years to pay them back? Douchebag.
- RCourtney, on 11/06/2007, -25/+310About 5 years ago I borrowed CAN$50 from my friend while I was up in Toronto. At the time it was worth approx US$25 and I figured I'd wait awhile to pay him back figuring in time I'd only owe him like US$15. Now I owe the bastard US$50 and I'm pissed!
- dbalaski, on 11/06/2007, -5/+243Being 1/2 Canadian (my mom is from Quebec) - Cool for Canada!
But there is something bigger going on here....
It isn't more that just the Canadian dollar is improving that greatly, its more of an issue that the US Dollar is weakening against all major currencies..I ran a comparison a couple of days ago -- all the below rates are the current as of 2007-10-31 12:00PM EST ... the historical rates are from 2002 (Oct 31) ....
$1 USD = $0.95080 CAN (2002 -- 1USD = 1.56540 Canadian)
$1 USD = $0.69225 EURO ( 2002 --1USD = 1.02320 Euro)
$1 USD = $0.48262 British Pounds (2002 -- 1USD =0.64350 Pounds)
$1 USD = $1.08324 Australian Dollars (2002 -- 1USD = 1.80510 AUSD)
$1 USD = 24.6740 Russian Rubbles (2002 -- 1USD = 31.750 Rubbles)
$1 USD = 39.3250 Indian Ruppies (2002 -- 1USD = 48.4820 INR)
$1 USD = 114.6650 Japanese Yen (2002-- 1USD = 124.490 Japanese Yen)
$1 USD = 7.4820 Chinese NY (2002 -- 1USD = 8.2870 CNY)
All those currencies have made SIGNIFICANT gains against the US Dollar ...I believe there are multiple reasons for this
1) US market & mortgage issues
2) US off-shoring work
3) Energy issues
4) US foreign policy and our stance in the world community - RaGaGoneHome, on 11/06/2007, -1/+166Actually you owe him $53.50 US
- mattcoady, on 11/06/2007, -4/+169I feel bad for the guy coming in after bush. He's got a lot of ***** to deal with.
- TritonX, on 11/06/2007, -7/+161America please do something it's not funny anymore.
- mediaspree, on 11/06/2007, -3/+148This is just loonie
- Grumps, on 11/06/2007, -8/+146Soon US dollar will be like Japanese yen. 10,000 to buy a bread.
- postingbh, on 11/06/2007, -29/+156I bought a book the other day and the price was listed $9.99 US, $6.99 Canadian. Those were the days.
- sophia269, on 11/06/2007, -6/+129The dollar is only going to fall further against the Canadian dollar and the Euro. The only way to stop it is to raise interest rates, which is something the Federal Reserve isn't interested in because they are too busy trying to please Wall St.
- kenvsryu, on 11/06/2007, -5/+128Luckily I've stocked up on maple syrup and canoes.
- mojoel, on 11/06/2007, -1/+84Give him 53.50 US quick before the US dollar drops some more!
- joegibes, on 11/06/2007, -0/+77I remember buying books that said $9.99 US, $12.99 CDN.
- zennode, on 11/04/2007, -2/+69Yeah, the dollar is tanking. Its easy when the US produces nothing and consumes everything. We are no longer the richest country, we are the biggest debtor nation!
- TheSkinsFactory, on 11/05/2007, -6/+72I find it disgusting that you wait 5 years to pay back money you owe, especially 50 dollars. Lamer.
- robdazomba, on 11/06/2007, -8/+72Those of you trying to excuse Bush's role in this and/or lay it at the feet of the Democrats in Congress, consider this fact. **Every quantifiable measure of the economy of the U.S. has gotten steadily worse every year since Bush took office.** Every one of them. You cannot name a single economic measure that has improved since Bush took office. You may not like the democrats, but you're going to have a hard time pinning that one on them.
Also, under Bill Clinton, every quantifiable measure of the U.S. economy got steadily better every year. Every single year, the economy grew and improved under Clinton.
It has a lot to do with the deficit and spending. Republicans love to kick around that old "tax and spend" thing, but they have been the worst spenders in the last decade or so and we're just starting to pay the bill now.
Anyway, it amazes me that anyone will still defend Bush. But if you really think Bush and Republicans aren't to blame for this economic mess we're in, please contact me. I have some magic beans I'd like to sell you. - inactive, on 11/06/2007, -3/+56Mission Accomplished!
- kinseyincanada, on 11/06/2007, -2/+53well up here it's still those days.
- Subvexer, on 11/04/2007, -4/+53Welcome your future, America. It has electrolytes!
http://homepage.mac.com/dtrull/pix/idiotcash.jpg - inactive, on 11/04/2007, -1/+48Mission accomplished!
- hockeystatman, on 11/04/2007, -2/+48Any truth to the rumor that they'll be renaming the dollar to the American Peso? ;)
- GeoP, on 11/06/2007, -1/+44Its really bad for my family because my dad works in the states and we live in canada. So now where losing money :(
- krnldmp, on 11/04/2007, -2/+45paper money
we print it like yesterday's news - awasson, on 11/04/2007, -1/+39Ya except he's in Canada where nuisance lawsuits are frowned upon... The judge would throw it out and the owed party could counter sue.
- inactive, on 11/04/2007, -0/+37I have contract work in Canada. Abbout five years ago my contract stated that I would be paid in Canadian currency at rate of 1.30 CAD to 1.00 for USD for costs, expenses and salaries. Go Canada!!!
- sirhc7, on 11/04/2007, -1/+38Wow that was pretty stupid. You thought the Canadian dollar would drop to 0.30?
- mark_in_bc, on 11/04/2007, -2/+3950 dollars US was never even close to 25 dollars CND. The CND dollar has never been under 65 cents US. So at the low end you still have had to cough up 32.50. If you factor in the coast of living increase in the last five years what 32.50 would have bought then will cost around $50.00 now. After 5 years you should add a little interest to that 50.00 bucks. I wounder what the compounding interest at a base rate of 8% over the five years would be based on monthly payments. Could be that you owe him hundreds of dollars.
Pay up you cheap bastard. - Seidoger, on 11/04/2007, -4/+40Didn't Bin Laden said his goal was to bring down the US economically?
- vertinox, on 11/04/2007, -1/+35Install a dictatorship and make all news outlets state run?
- tritiumpie, on 11/04/2007, -4/+38"Optimists may draw comfort from the vision of an export-led renewal arising from a more competitive dollar. Yet history is clear: No nation has ever devalued its way into prosperity."
http://www.investorsinsight.com/otb_va_print.aspx? ...
Take it from someone who visited Buenos Aires soon after the Argentinian peso collapsed to 1/3rd of its value (~5 yrs ago)... people wearing "middle-class" clothing bought before the collapse picking through garbage heaps while trying to maintain some semblance of pride... - eean, on 11/06/2007, -1/+35the civil war days? or the now-days? I don't get it.
- burkay, on 11/04/2007, -4/+38Today when I was buying some stuff in the university store, I noticed a sign in front of the cashier. It said: "WARNING: Cashiers do not except US Dollar, it is not worth a *****". I truly loled.
- hangtown2004, on 11/06/2007, -19/+52Thank-You Bush you Pig!!
http://www.zeitgeistmovie.com/ - Wogger, on 11/04/2007, -1/+33I see what you did there.
- westway2world, on 11/04/2007, -0/+32It's called a "loonie" and that's only because there's a loon on the back of the $1 coin.
- doctorfungi, on 11/04/2007, -1/+32And the Australian dollar... which currently buys US 94c, when it was only buying US 70c at the beginning of the year.
- inactive, on 11/04/2007, -3/+31and what durable goods do we produce, again?
- doctorfungi, on 11/06/2007, -9/+37Eliminating income tax is NOT going to solve this problem.
- nolesfan247, on 11/05/2007, -3/+30I believe the only way for the dollar to recover to the level of the Canadian dollar again is for everyone in America to PRETEND that they are Canadian.
- simoncoul, on 11/04/2007, -5/+32How is Canada not a country, are u ***** retarded? We have a two dollar coin called a toonie, u gonna make dumb jokes about that to u stupid hick?
- inactive, on 11/04/2007, -3/+29Bush is going down and taking the economy with him.
- schuchwun, on 11/04/2007, -3/+28and thats where Canada will step in!
- KlayBorg, on 11/06/2007, -16/+41Oh how the mighty have fallen.
- HotSauce750, on 11/06/2007, -0/+24Phew... Because we all know this has nothing to do with the U.S. economy and even if it did, how could that possibly affect you?
- LRG1, on 11/06/2007, -9/+33Ah *****, I can't believe you've done this.
- PhrosTT, on 11/08/2007, -4/+27maybe if we're lucky we can pull a russia.
- DrTiki, on 11/04/2007, -1/+23Come on Troll, you can do better than that.
- iamsamed, on 11/04/2007, -1/+23I think it's more that they're worried about slamming this country into stagflation like the one in the '70s. That one was also caused by a stupid war.
I'm not much of a Bush hater, but this time, yes; it is the fault of Bush and the Republican Congress (at the time of starting the war). Now, I don't know what the Democratically controlled Congress can do about it. Or even what the next President can do about it. - Petrarch1603, on 11/04/2007, -1/+22haha not much of a university if they can't spell accept!
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