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Do you think the U.S. Dollar is going to Collapse?
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41 / M / southern ontario
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Posted 12/5/07

lazypower wrote:

another great depression is coming, people



Why do you think the Feds keep lowering interest rates?...lol

Its just giving us a little bit of time, thats all.

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30 / F / Canada, BC
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Posted 12/5/07
The drop in the US dollar is because of its "War on Terror". Its not that the Canadian dollar is getting stronger as that the US dollar is dropping.
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29 / M / http://www.crunch...
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Posted 12/5/07

angelangel wrote:

The drop in the US dollar is because of its "War on Terror". Its not that the Canadian dollar is getting stronger as that the US dollar is dropping.


for real?...damn
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25 / F / Somewhere There
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Posted 12/14/07
Um... o.o
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29 / M / http://www.crunch...
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Posted 12/14/07

Riviathan wrote:

Um... o.o


*poke Riv cheeks*
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25 / F / Somewhere There
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Posted 12/14/07

ConRong wrote:


Riviathan wrote:

Um... o.o


*poke Riv cheeks*

*pokes back*
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29 / M / http://www.crunch...
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Posted 12/14/07

Riviathan wrote:


ConRong wrote:


Riviathan wrote:

Um... o.o


*poke Riv cheeks*

*pokes back*


*tears* *sniff* *sniff*
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25 / F / Somewhere There
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Posted 12/14/07

ConRong wrote:


Riviathan wrote:


ConRong wrote:


Riviathan wrote:

Um... o.o


*poke Riv cheeks*

*pokes back*


*tears* *sniff* *sniff*

*Flies away*
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29 / M / http://www.crunch...
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Posted 12/14/07

Riviathan wrote:


ConRong wrote:


Riviathan wrote:


ConRong wrote:


Riviathan wrote:

Um... o.o


*poke Riv cheeks*

*pokes back*


*tears* *sniff* *sniff*

*Flies away*


Victory
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25 / M
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Posted 12/14/07
LOL i think U.S dollars will get even better XD
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28 / M / Texas
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Posted 12/14/07
in reference to the oil dollar above, saudi arabia is going to be switching to the Euro.
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26 / F / 印度尼西亚
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Posted 12/14/07
Maybe they will... I dunno, as long as my parents don't reduce my pocket money
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29 / M / Through the looki...
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Posted 12/14/07

ikkakufan2007 wrote:

well this is the first ive heard of this, but in the end its a bad idea for mexico and canada, me being canadian a few years ago it would have sounded good, and me being from vancouver its even worse of an idea. a lot of countries deal with canada because of our dollar being lower than the US kinda like china does. but recently our dollar has been on the rise and actually is higher than the US dollar.. this is good for shopping and stupid things like that, but it really hurts industry in canada, because any incentive to work with canada is effectively gone.

a united north american dollar would isolate us more so than anything. because we are only 3 nations it wouldnt really work out too well economically. the Euro works well because europe has many countries and in which they can get whatever they want and within teir respective countries still have their own dollar. for example England's primary currency is the pound but they still accept Euro. and the pound is the highest form of currency in the world.

this united currency thing is just an attempt for the US to save an economy they have destroyed by their own hands. the canadian dollar which has been lower than the US dollar for 100 years is now higher, their economy is crashing, companies are outsourcing jobs to other countries, and manufacturers are opening factories in cheaper countries.

the states couldnt reap what they sowed so they are trying to fix it with a one sided fix. kinda like the free trade agreement. all in all for the states good idea, for mexico and canada not good at all.


Actually if you listen to the experts such a union would benefit Mexico, and not the US or Canada. It would actually completely bankrupt the US, as there would be Mexican workers taking American jobs (and Canadian too), and the tax burdens in Canada and the US would likely go up as well. Experts believe that this is likely due to the disparity between the countries - US average household income is ~$43500, Canadian average household income is ~$37500, Mexican is ~$10600...

Anyways, that said, the US economy is not crashing, not even close. In fact, no one is able to accurately predict it right now. Financial experts say it is taking a downturn and a month later the economy shows that it actually rose instead. The dollar and the Canadian dollar are now doing some weird dance. I checked last week and the exchange rate was at $0.93 American to $1.00 Canadian, and this week is is $1.03 American to $1.00 Canadian. It seems to have started this weird $0.15 swing about 5 weeks ago...Anyways, my point is that there are parts of the American economy that are booming and parts that are doing terrible, and that it is constantly changing as if it were some wild rollercoaster ride.

In the long run though, we all know that the American economy will recover...This is just a drop in the bucket when you compare it to some of its more dramatic recessions and depressions...And we all know that there isn't going to be an American Union, politically or militarily or whatever (maybe economically, but that is still a big maybe) anytime soon...I mean, one of the major reasons is, how in the world would it benefit the US to do anything more than just trade agreements? In reality it doesn't. To the world's most powerful, richest, and most influential, it really would only slow us down...
Posted 12/15/07
I have heard that the dollar is being adversely affected by the Chinese RMB (Yuan). The PRC just forces the exchange rate to whatever they want, which can shaft the dollar.
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28 / M / CrunchyRoLL!!
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Posted 12/15/07
Yep if Bush keeps fucking up the U.S
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