U.S. dollar hit new record low against euro

[Hans]

Europe did it again!

The U.S. dollar hit a new all-time low against the euro on Thursday, with the euro trading above $1.40 for the first time since the common European currency was introduced.

The euro has benefited from healthy economic news in the euro zone and the European Central Bank's campaign of gradual interest rate increases.

[Return of Too Many Daves]

Did what? It is not a competition. Also it is not always good for an economy to have a strong currency. Stability is better.

[Soundbear]

So is it the euro actually getting stronger, or the US dollar going down?? The Canadian buck is going up too, so I'd think the latter.

[GenX]

It's borderline embarrassing to see Hans trumpet his ignorance on a daily basis in here.

[Hans]

Stronger currency means increased buying power on US goods, services and tourism activities.
I fail to see how that is a bad thing for Europe.

Since Speedy is obsessed with proving Europe is a worthless piece of whatever, he is now going to trumpet the US superiority etc...

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Stronger currency means increased buying power on US goods, services and tourism activities </div></div>

We'll gladly accept your currency! /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Since Speedy is obsessed with proving Europe is a worthless piece of whatever </div></div>

I don't have to "prove" anything. Sadly, your once-great continent's mortal wounds are all self-inflicted.

[GenX]

"Confidence is returning.

Inflation indexes are running around 2-percent for the CPI, PPI, and imported prices. World stock markets surged on the Fed rate cut. In the US, if stocks truly believed big inflation was on its way, they’d be falling not rising. After all, the capital gains tax is not indexed for inflation.

Right now the dollar is soft and gold is strong. This is more a liquidity warning sign than anything else. Over time, as US growth and investment picks up, there will be stronger dollar demand. Additional capital formation will soak up any liquidity excess. In other words, a growth solution.

Meanwhile, low unemployment claims suggest something like 100,000 new jobs per month.

The story looks just fine to me. And I’m waiting for Europe and England to lower their own interest rates."

LINK (http://corner.nationalreview.com/)

[Hans]

Research group says economy will lose steam
The Conference Board's index of leading economic indicators drops 0.6 percent, slightly higher than expected, reflecting the overall impact of credit crisis.

Yep, looking very good for the future Speedy.

http://money.cnn.com/2007/09/20/news/economy/conference_boad.ap/index.htm?postversion=2007092011

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The report was taken before the Federal Reserve's decision to cut a key interest rate by a half point, a move that sent stocks soaring Tuesday. </div></div>

Nice try, Hansy! /ubbthreads/images/%%GRAEMLIN_URL%%/lol.gif /ubbthreads/images/%%GRAEMLIN_URL%%/wavey.gif

[Return of Too Many Daves]

My economy is stronger tham your economy nurr nurr. What are you guys compensating for? If you're having a midlife crisis get a sports car.

[GenX]

Dave, it's pretty obvious what's been going on here.

I'm simply showing how scarily-easy it is to refute Han's inane ramblings.

If he were ever to engage in real debate and discussion it would be a welcomed change. But, alas, I think it's expecting a bit much for that to happen.

Admittedly, I deserve some of the blame, for even responding to his grade-school arguments. But it is fun at times.

No one takes Hans seriously; neither should you. /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif

[Hans]

Speedy, always in for useless but fun banter.

[Chakra]

I wouldn't be parading the state of the US economy right now, since it's on the verge of a sizable collapse. I don't say this with any sense of glee either, since this is going to effect us as neighbors almost or just as bad.

What's happening behind the scene right now is very disturbing, and I don't think any good is going to come out of it. Sure the stock market is moving all over the place, but the stock market is a bad indicator of health, and can fall quickly once things unfold.

If it wasn't for central banks literally injecting money into the economy over the last month, this game would already be over. But injecting money, is just adding fuel to the fire, since that's one of the problems in the first place.

Sorry for my gloomy forecast and I'm not trying to directly attack you Parrot or your country. I just spend a lot of time reading about this subject and things don't look good for either of us.

[Soundbear]

I believe the stock market looked great in 1928.

In 1928, investors were euphoric.
We haven't seen the mania stage yet.
I think there will be another run-up.
When people are sad, buy.
When people are glad, sell.

[KDawg]

Agree with him, or not, Alan Greenspan's words have influence. He is now seriously talking about the euro replacing the U.S. dollar as reserve currency.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> According to an advance copy of an interview to be published in Thursday's edition of the German magazine Stern, Greenspan said that the dollar is still slightly ahead in its use as a reserve currency, but added that "it doesn't have all that much of an advantage" anymore.</div></div>

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Greenspan said that at the end of 2006, some 25 percent of all currency reserves held by central banks were held in euros, compared to 66 percent for the U.S. dollar.

In terms of being used as a payment for cross-border transactions, the euro is trailing the dollar only slightly with 39 percent to 43 percent.

Greenspan said the European Central Bank has become "a serious factor in the global economy."</div></div>
link (http://biz.yahoo.com/ap/070917/germany_greenspan_euro.html)


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">He Fan, an official at the Chinese Academy of Social Sciences, went even further today, letting it be known that Beijing had the power to set off a dollar collapse if it choose to do so.

"China has accumulated a large sum of US dollars. Such a big sum, of which a considerable portion is in US treasury bonds, contributes a great deal to maintaining the position of the dollar as a reserve currency. Russia, Switzerland, and several other countries have reduced the their dollar holdings.

"China is unlikely to follow suit as long as the yuan's exchange rate is stable against the dollar. The Chinese central bank will be forced to sell dollars once the yuan appreciated dramatically, which might lead to a mass depreciation of the dollar," he told China Daily. </div></div>
link (http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml)

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East.

"This is a very dangerous situation for the dollar," said Hans Redeker, currency chief at BNP Paribas.
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"Saudi Arabia has $800bn (£400bn) in their future generation fund, and the entire region has $3,500bn under management. They face an inflationary threat and do not want to import an interest rate policy set for the recessionary conditions in the United States," he said.

The Saudi central bank said today that it would take "appropriate measures" to halt huge capital inflows into the country, but analysts say this policy is unsustainable and will inevitably lead to the collapse of the dollar peg.

As a close ally of the US, Riyadh has so far tried to stick to the peg, but the link is now destabilising its own economy. </div></div>
link (http://www.africancrisis.org/ZZZ/ZZZ_News_017880.asp)

China, then Saudi Arabia -- The U.S. dollar is being dumped as a world currency as we speak.

[Ultra54]

Now we as Canadians can exploit our neighbours and treat them ignorantly as they did us when our dollar was 60 cents. We can ask them stupid questions like what do you call your money like they often did with us. We are sitting on most of North Americas resources and they will be forced to deal with us. Their money is dropping like a rock in comparison to everybodies money so they can't even run to China for there goods.

Huh?

Our prosperity depends a lot on their buying power, Ultra. If the US tanks, so do we.
And that stupid question shtick.. Don't take it so seriously.
Stupidity happens on both sides of the border.
I think Mercer owes it to the Americans to show how ignorant some Canadians can be about the US.

But don't forget, with video editing, you can make almost anyone look very stupid indeed. I despise those shows that do that to get a cheap laugh. Mercer is smart and funny, but he succumbs to some pretty cheap shots at times.

[Hans]

Not at all. What would happen is imports would shift from US, to Europe and Mexico. In the end, it would strenghten positions for all parties except the US.

I'm talking exports TO the US from Canada, Hans.

If I made widgets and sold them to the US for $1 each (Can) my cost has just gone up to $1.25 per widget. Forces the retail price up in the U.S. I have just priced myself out of the market.

I cannot quickly find a market in Europe for my widgets, while the U.S. exporters now have an advantage over me in that their dollar is lower against the Euro, meaning they can sell that widget to Europe at a better price that I can.

Whereas the low dollar helped Canada's exporters before, it will now help the US exporters.

Canadian cars going to the US will go up.
Lumber will go up.
Minerals and commodities will go up.
Those are major sectors.

[Ultra54]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Don't take it so seriously </div></div>
ditto

[Ultra54]

My experiences of the American tourist come from working in the hospitality industry for 10 years.

[Hans]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Aydeloof</div><div class="ubbcode-body">I'm talking exports TO the US from Canada, Hans.

If I made widgets and sold them to the US for $1 each (Can) my cost has just gone up to $1.25 per widget. Forces the retail price up in the U.S. I have just priced myself out of the market.

I cannot quickly find a market in Europe for my widgets, while the U.S. exporters now have an advantage over me in that their dollar is lower against the Euro, meaning they can sell that widget to Europe at a better price that I can.

Whereas the low dollar helped Canada's exporters before, it will now help the US exporters.

Canadian cars going to the US will go up.
Lumber will go up.
Minerals and commodities will go up.
Those are major sectors.
</div></div>

No, it does not. You buy your widget components in the US at a cheaper price, assemble in Canada at the same price, sell in the US for the same price.
You gain extra money, and Canada gains extra money on import duties on your components.

There's no such thing as a Canadian car. Those are all US based car manufacturers who will love selling more cars in Canada due to the higher Canadian dollar.

You could be right on the lumber, but there's always other markets to sell to. Altough I admit that it might not be easy to sell lumber far abroad.

So Hans, what kind of import/export experience do you have?

Do you really know first hand what you're talking about or are you picking up talking points from websites?

In some cases, you'd break even. In others, you'd be behind.

In my particular field of experience, my market is dead. The increase in the dollar has eaten up my profit margin. I'd have to sell at cost now if I were to continue to export my product to the U.S.

SO if the auto industry is not affected, what's Buzz Hargrove blabbing about?

Now tourism is suffering as well.

If the US goes into a recession, I would not rejolce too much. Your glee is ill-disguised. But it will affect us, your optimism notwithstanding.
That's my final answer.

[Lance]

The Canadian dollar is not going up ,it just that the US dollar is comming down to meet it.

[KDawg]

There's nothing to gloat or be happy about a weak U.S. dollar. By default, we, as their biggest trading partner, are in trouble. There are just too many consumers in the U.S. for this not to have a GLOBAL impact.

However, that does not change the fact that the U.S. dollar is tanking.

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Our prosperity depends a lot on their buying power, Ultra. If the US tanks, so do we </div></div>

That's the best part of all. All these Canadians on here willing to lose their lifesavings and jobs just to see the U.S. go through some hard times.

You want to talk about abnormal obsessions, look no further than Soonet.

[Crusty]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Speedy the Arrogant Parrot</div><div class="ubbcode-body"> <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Our prosperity depends a lot on their buying power, Ultra. If the US tanks, so do we </div></div>

That's the best part of all. All these Canadians on here willing to lose their lifesavings and jobs just to see the U.S. go through some hard times.

You want to talk about abnormal obsessions, look no further than Soonet. </div></div>


no kidding ...

speaking of abnormal obsessions... you have how many posts now ?

[GenX]

Ready?

It says 6258.

We call that "six thousand two hundred and fifty-eight".

Say that with me, Crusty: ready? Here goes: ""six thousand two hundred and fifty-eight"

Are you with us?

Good! /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif

Who gets a cookie and a juicy Juice?!?!?

[Crusty]

IT SAYS 6276 BUDDY

[GenX]

/ubbthreads/images/%%GRAEMLIN_URL%%/lol.gif

You're starting off angry, before we even begin.

Worth twice the price of admission!! /ubbthreads/images/%%GRAEMLIN_URL%%/wavey.gif /ubbthreads/images/%%GRAEMLIN_URL%%/beerchug.gif

[Crusty]

Angry ? never .... I forgot caps lock was on ... but if it makes you feel better buddy, so be it.

[stupefied]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Hans</div><div class="ubbcode-body">No, it does not. You buy your widget components in the US at a cheaper price, assemble in Canada at the same price, sell in the US for the same price.
You gain extra money, and Canada gains extra money on import duties on your components.</div></div>And the Canadian you were buying your widget components from?

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: tiny_tim</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Hans</div><div class="ubbcode-body">No, it does not. You buy your widget components in the US at a cheaper price, assemble in Canada at the same price, sell in the US for the same price.
You gain extra money, and Canada gains extra money on import duties on your components.</div></div>And the Canadian you were buying your widget components from? </div></div>

Just a minor point Hans left out.

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Crusty</div><div class="ubbcode-body">Angry ? never .... I forgot caps lock was on ... but if it makes you feel better buddy, so be it. </div></div>

Oh, son, you get VERY angry in here. Angrier than most, as a matter of fact.

You're one of the fun ones to watch blow their top every other day in here.

I watch people like you, in total amazement. To take a BBS so seriously is just mind-blowing. And, to watch you seethe and fume over your fellow countrymens' lack of desire to go all patriotic Canadian 100% of the time is downright hilarious.

Good, good stuff! /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif

[Chakra]

The problems we face here in North America are certainly tipping out of our favour. During the Great Depression American had an immense industrial backbone that was able to pull it out of its sad state during world war 2, and during reconstruction after the war.

Today, unfortunately the US economy is 70 percent consumption. Large corporations have been exporting jobs on mass for the last few decades. These no real value jobs that have filled in to take their place put all of us here in a precarious position. Once the tumble starts, one of the first things that will go is consumption, and this will spiral. If half the people working in North America are doing jobs that produce nothing of value except for service we'll be in big trouble.

In the past, they could decrease interest rates and watch extra money flow into the system, causing more purchasing and more consumption. With the Greenback in the state it's in right now though, the US might have no choice but to drastically increase interest rates or watch inflation get out of control.

If they don't increase interest rates the dollar will spiral and destroy all savings in the country. If they increase interest rates, millions upon millions of people will loose their homes. I wouldn't want to be Ben right now, Greenspan has left him a really crappy situation.

Once things start to fall apart, it will happen quicker then most people expect I believe.

[KDawg]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Chakra</div><div class="ubbcode-body">If they don't increase interest rates the dollar will spiral and destroy all savings in the country. If they increase interest rates, millions upon millions of people will loose their homes. I wouldn't want to be Ben right now, Greenspan has left him a really crappy situation.

Once things start to fall apart, it will happen quicker then most people expect I believe. </div></div>

To say Greenspan has left Bernanke in a crappy situation is an understatement.
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">"There is no doubt about the fact that low interest rates for long-term government bonds have caused the real estate bubble in the United States," he (Greenspan) said. </div></div>
Greenspan says housing prices to drop much lower (http://www.reuters.com/article/newsOne/idUSL2146624120070921?sp=true)

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Former Federal Reserve Chairman Alan Greenspan said he was late to see the storm gathering around mortgage lending practices and commended his successor Ben Bernanke's handling of the crisis, saying he would likely be responding in a similar fashion. </div></div>
Greenspan didn't see subprime storm brewing (http://ca.news.yahoo.com/s/reuters/070913/us/usreport_usa_economy_greenspan_dc)

Alan Greenspan was Fed chairman for 18-19 years, and has arguably one of the best economic minds in the world. He lowered the Fed's key overnight lending rate after the dot-com bust in 2001 to 1%, which sparked the housing boom.

Today he says he didn't see then that his policy of low interest rates throughout his tenure would cause a real estate bubble like the U.S. has today. He's either a liar then and/or now, or was incompetent in his job as Fed chairman.

[Striker]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Speedy the Arrogant Parrot</div><div class="ubbcode-body">

All these Canadians on here willing to lose their lifesavings and jobs just to see the U.S. go through some hard times. </div></div>

This is just more than hard times.It's a slow economic decay that will surely lead to further hardship and greater despair in your already wounded economy.

[DoubleXL]

The high flying Canadian dollar is not going to be good for our economy in the long run. Sure things such as oil and gas (energy) sectors are going to do well, but what about our other exports! We can even go as far as to take a look at our local economy. Tourism is down, gas prices are up, call centers are losing jobs.

[Crusty]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Speedy the Arrogant Parrot</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Crusty</div><div class="ubbcode-body">Angry ? never .... I forgot caps lock was on ... but if it makes you feel better buddy, so be it. </div></div>

Oh, son, you get VERY angry in here. Angrier than most, as a matter of fact.

You're one of the fun ones to watch blow their top every other day in here.

I watch people like you, in total amazement. To take a BBS so seriously is just mind-blowing. And, to watch you seethe and fume over your fellow countrymens' lack of desire to go all patriotic Canadian 100% of the time is downright hilarious.

Good, good stuff! /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif </div></div>


hey ... whatever you say Pop ...glad I could amuse you in some way and give you a break from all the serious stuff you're discussing.

Your the voice of reason out here, so don't let me distract you... carry on.

[GenX]

"You're"

[Return of Too Many Daves]

Attacking grammar and typos. Cheap shot old boy.

[GenX]

Not at all, ol' chap.

It's one thing when such an obvious mistake is made once, twice, hell, even five times.

But when it is repeated over and over and over again, then we do that person no favors by ignoring such fundamental mistakes of the language.

I think a grown-man should know the difference between "you're" and "your", don't you?

[Return of Too Many Daves]

None of us have perfect grammar, particularly when we are typing a rapid response on a bulletin board (I know mine is awful). For instance you wrote:

"But when it is repeated over and over and over again, then we do that person no favors by ignoring such fundamental mistakes of the language."

Ignoring American spelling (LOL), the correct grammar would be.

"But, when it is repeated over and over and over again, then we do that person no favors by ignoring such fundamental mistakes of the language."

Commas generally come in pairs.

But you are correct "your" / "you're" is an annoying (and all too common) mistake.

[Chakra]

An attack on grammar in my view is petty. If you consider that if we all tried to hold his conversation in french for example, we'd all be making hundreds of grammar mistakes, but the points we were trying to convey would be the same and just as valid.

Some people just don't have the same education in english as others, that doesn't mean they are less intelligent or that their views are any less valid. It's a cheap shot trying to make a person look bad because they don't have the same grammar skills yet might possess other qualities or arguments that surpass the attackers.

You're a teacher Speedy, so you're helplessly grinding these things into children. Many people have very valid arguments and don't spend 40 hours a week going over others notes. Hell, I was doing work at a school a few weeks ago and learned a grammar mistake I was making while reading a poster.

[GenX]

Dave, I'm not looking for perfect spelling or grammar on the Internet. I don't look to make my posts 'perfect' on the Internet; it's not a grad thesis. I knowingly leave some things out, such as commas, just for time and expedience if nothing else.

But I also find that by doing so we can dull our writing and even verbal techniques somewhat. It’s a two-edged sword.

But such absolutely basic things such as “your” and “you’re” should only be ignored so long. It’s not so much a misspelling as it is the completely wrong use of a word. Could you imagine making that mistake on a resume’?

Was it Plutarch who expounded on the symbiotic relationship between language and the health of society? One has the ability to bring the other down, or something to that degree. I tend to agree.

Poor grammar is rampant on the Internet. I suppose the question is whether such poor grammar is more a product of the Internet culture, or culture in a much wider sense. A large part of the question can be answered when perusing high school and college term papers and such. We’re losing the ability to communicate in a sophisticated fashion.

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Chakra</div><div class="ubbcode-body">An attack on grammar in my view is petty. If you consider that if we all tried to hold his conversation in french for example, we'd all be making hundreds of grammar mistakes, but the points we were trying to convey would be the same and just as valid.

Some people just don't have the same education in english as others, that doesn't mean they are less intelligent or that their views are any less valid. It's a cheap shot trying to make a person look bad because they don't have the same grammar skills yet might possess other qualities or arguments that surpass the attackers.

You're a teacher Speedy, so you're helplessly grinding these things into children. Many people have very valid arguments and don't spend 40 hours a week going over others notes. Hell, I was doing work at a school a few weeks ago and learned a grammar mistake I was making while reading a poster. </div></div>

Total strawman argument.

See above.

[Return of Too Many Daves]

Point taken Speedy. Gotta (I know) watch Rugby now.

[GenX]

Go...team

[Return of Too Many Daves]

England vs Samoa.

Hey by the way the US have had a good tournament. Canada have disappointed, and Belgium didn't qualify.

[GenX]

We have a rugby team?





Go...team.

[KDawg]

Excuse me sir, I'm looking for the You're an Idiot and Have Bad Vocabulary thread......Here we are.....thanks.

[GenX]

I'm sure you'll fit right in, and will provide us with ample material /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif

[Crusty]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Speedy the Arrogant Parrot</div><div class="ubbcode-body">"You're" </div></div>

My mistake yet again and I can't thank you enough for pointing it out yet again.

I hope to get that fundamental part of the English language mastered someday ... and then perhaps I'll be able to secure employment.

You're the best Speedy...

[Hans]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Aydeloof</div><div class="ubbcode-body">So Hans, what kind of import/export experience do you have?

Do you really know first hand what you're talking about or are you picking up talking points from websites?

In some cases, you'd break even. In others, you'd be behind.

In my particular field of experience, my market is dead. The increase in the dollar has eaten up my profit margin. I'd have to sell at cost now if I were to continue to export my product to the U.S.

SO if the auto industry is not affected, what's Buzz Hargrove blabbing about?

Now tourism is suffering as well.

If the US goes into a recession, I would not rejolce too much. Your glee is ill-disguised. But it will affect us, your optimism notwithstanding.
That's my final answer. </div></div>

I am talking about common sense here. Markets around the world are becoming more and more international. The times that Canada relies solely on the US to sell it's goods are long past.
The future is in selling your goods worldwide.
The future is in buying your goods worldwide.
If you don't believe me, check how many items in your house are made in China or Korea. Now ask yourself why it is like that?

Where do you buy your materials from? US or Canada?

Tourism, call centers, none of those should be seen as crucial to the economy. They are mostly low paying jobs that people take while looking for better paying jobs.
While it might pay the bills, it should never be your career goal.

[stupefied]

Wow Hans, you are the blind optimist. Tourism and call centers are very important to the local economy. While they are not the highest paying jobs, if we eliminated them all the effect would be a major blow to the local economy. It's not just the low paying jobs though, St. Mary's Paper barely survived their latest crisis and is very much hurt by the high dollar. Looking further than the Sault there are thousands of high paying manufacturing jobs being lost due to the low American Dollar. No, the U.S. isn't our only trading partner but they are the most important.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">If you don't believe me, check how many items in your house are made in China or Korea. Now ask yourself why it is like that?</div></div>It's because even with shipping costs they can still provide alot of stuff cheaper than we can make it locally or get it from closer to home. Now let's go back to your comment about low paying jobs and see how we can compete globally with China and Taiwan.

[Soundbear]

The question then is, what's really happening? If the Canadian dollar is actually holding while the US buck tanks, then that should make international (other than the USA) sales more lucrative.

I'll have to ask a buddy of mine from the Sault who has been selling to Europe for years.

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> The times that Canada relies solely on the US to sell it's goods are long past</div></div>

I weep for some Canadians' ignorance.

Poor, poor people.

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Crusty</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Speedy the Arrogant Parrot</div><div class="ubbcode-body">"You're" </div></div>

My mistake yet again and I can't thank you enough for pointing it out yet again.

I hope to get that fundamental part of the English language mastered someday ... and then perhaps I'll be able to secure employment.

You're the best Speedy...
</div></div>

Well, don't go all crazy on us now. You've never been gainfully employed in 30-plus years; no need to run out and become a productive member of society all the sudden.

Relax, enjoy your chosen lifestyle. /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif

[Hans]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: tiny_tim</div><div class="ubbcode-body">Wow Hans, you are the blind optimist. Tourism and call centers are very important to the local economy. While they are not the highest paying jobs, if we eliminated them all the effect would be a major blow to the local economy. It's not just the low paying jobs though, St. Mary's Paper barely survived their latest crisis and is very much hurt by the high dollar. Looking further than the Sault there are thousands of high paying manufacturing jobs being lost due to the low American Dollar. No, the U.S. isn't our only trading partner but they are the most important.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">If you don't believe me, check how many items in your house are made in China or Korea. Now ask yourself why it is like that?</div></div>It's because even with shipping costs they can still provide alot of stuff cheaper than we can make it locally or get it from closer to home. Now let's go back to your comment about low paying jobs and see how we can compete globally with China and Taiwan. </div></div>

I am not talking local economics. I am talking Canadian economics. You can compete with China and Taiwan on quality grounds, marketing grounds, innovation grounds. There's currently a shakeup on the safety and quality of Chinese made products.

[Crusty]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Speedy the Arrogant Parrot</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Crusty</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Speedy the Arrogant Parrot</div><div class="ubbcode-body">"You're" </div></div>

My mistake yet again and I can't thank you enough for pointing it out yet again.

I hope to get that fundamental part of the English language mastered someday ... and then perhaps I'll be able to secure employment.

You're the best Speedy...
</div></div>

Well, don't go all crazy on us now. You've never been gainfully employed in 30-plus years; no need to run out and become a productive member of society all the sudden.

Relax, enjoy your chosen lifestyle. /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif </div></div>


Thanks pop ...

...there was too much presure there, trying to amount to something.

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">I am not talking local economics. I am talking Canadian economics </div></div> /ubbthreads/images/%%GRAEMLIN_URL%%/rofl.gif /ubbthreads/images/%%GRAEMLIN_URL%%/rofl.gif

Someone stop him...now!!!!! /ubbthreads/images/%%GRAEMLIN_URL%%/lol.gif

[Crusty]

/ubbthreads/images/%%GRAEMLIN_URL%%/rofl.gif

[GenX]

/ubbthreads/images/%%GRAEMLIN_URL%%/rofl.gif

[Crusty]

http://www.statichost.co.uk/forums/images/smilies/amerflag.gif /ubbthreads/images/%%GRAEMLIN_URL%%/lol.gif

[1337]

Crusty, for a poser-american, all you do is cut and paste useless happy faces that hold flags LOL

[Huggy85]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: T-pot</div><div class="ubbcode-body">Crusty, for a poser-american, all you do is cut and paste useless happy faces that hold flags LOL </div></div>

I was just thinking the same thing. Must be his interpretation of "a picture is worth a thousand words".

[Crusty]

As soon as there is a statement worth posting about I will. In the meantime, Speedy cracks me up and I feel he needs this public validation.


Keep em coming Speedy /ubbthreads/images/%%GRAEMLIN_URL%%/wavey.gif

[GenX]

What, the welfare checks?

You're barking up the wrong tree, Cruster /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif

[The Berean]

parrot did you do anything useful anywhere this week?

[Crusty]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Speedy the Arrogant Parrot</div><div class="ubbcode-body">What, the welfare checks?

You're barking up the wrong tree, Cruster /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif </div></div>

No need to worry Pops. My socialist government will take care of those.

I meant keep those witticisms we enjoy so much, coming.


/ubbthreads/images/%%GRAEMLIN_URL%%/lol.gif http://www.bleedinedge.com/forum/images/smilies/thumbs.gif

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: ConKat</div><div class="ubbcode-body">parrot did you do anything useful anywhere this week? </div></div>

Other than educate a few wayward Canadians, not really.

How 'bout yerself?

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">I meant keep those witticisms we enjoy so much, coming. </div></div>

The English language at its finest...

[KDawg]

The dumping of the U.S. dollar as a world currency continues:
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Announcements on Thursday from the Qatari and Vietnamese governments that they are rapidly divesting in dollar denominated securities will not come as good news to the US government. Overseas investors hold half of America’s $4,400bn of marketable government debt, up from a third in 2001 according to the US Treasury department. </div></div>

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Vietnam is a relatively small country but it is symptomatic of Asia. The entire region is seeing inflation move up as a result of mercantilist policies of holding down their currencies with ‘dirty floats’, which are designed to help their export sectors. They need to change monetary policy.

Cue dollar sale.</div></div>

Qatar and Vietnam ditch the dollar (http://ftalphaville.ft.com/blog/2007/10/04/7831/qatar-vietnam-ditch-the-dollar/)

[Huggy85]

It must suck to have a currency that the world has so little confidence in. No wonder Speedy has Canada envy.

[1337]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Speedy the Arrogant Parrot</div><div class="ubbcode-body"> <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Stronger currency means increased buying power on US goods, services and tourism activities </div></div>

We'll gladly accept your currency! /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif


</div></div>

In about a year, you wouldn't be able to afford to go through my garabge. With your huge earnings as a kindegarten teacher.

Speedy, did they kick you out of big boy school?

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> In about a year, you wouldn't be able to afford to go through my garabge</div></div>

Your "garabge", huh? What is that?

Does welfare really pay that well? That's cool!

[1337]

Well for one, i'm not on Welfare.

My GARBAGE. /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif

Ran out of "witty" things to say, so you are diverting the conversation.


Sad, sad man.

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: T-pot</div><div class="ubbcode-body">Well for one, i'm not on Welfare.

</div></div> /ubbthreads/images/%%GRAEMLIN_URL%%/rofl.gif /ubbthreads/images/%%GRAEMLIN_URL%%/rofl.gif /ubbthreads/images/%%GRAEMLIN_URL%%/rofl.gif /ubbthreads/images/%%GRAEMLIN_URL%%/lol.gif /ubbthreads/images/%%GRAEMLIN_URL%%/lol.gif /ubbthreads/images/%%GRAEMLIN_URL%%/lol.gif

[1337]

And where is your proof?

[GenX]

“A proof is a proof. What kind of a proof? It's a proof. A proof is a proof. And when you have a good proof, it's because it's proven.”

-Jean Chretien

[GenX]

Speedy go buh-bye now.

Love you guys.

See ya' later.

[1337]

LOL taking off before I can post about 40 Bush quotes?


hahah you have one from a FORMER leader.

[GenX]

That tells us your current leader makes no news, because he and the country he runs are not newsworthy.

[1337]

The news only records bad things. Good things hardly make good mention.

Since he has been power.

National Debt has decreased.
Our Dollar has increased.
More money for schools and hospitals.

Hrmmm, not AMERICAN news worthy only because it doesn't involve guns and oil!

[GenX]

Not world news worthy.

As Toronto-based columnist Michael Coren recently said, it's not that you're loved, it's that no one cares or even knows you exist.

[1337]

As long as he runs the country the way he is doing, then I could careless if I hear about him.

Just because your in the news, doesn't mean it is good.

Another false sense from you.

Whenever I see the "USA news", it just talks about drive bys, school shootings, bombings, murders, rapes, hold ups.

I can watch the KTLA news tonight, and not see one nice thing!

[1337]

Is that something to be proud of?

If you are proud of that, then you are brainwashed.

Good day. I am getting ready to go out and enjoy my family and sit down to a nice Thanks Giving.

[GenX]

Because negativity sells.

Ever hear the old saying, "If it bleeds, it leads"?

Think about that for a second.

[1337]

We don't have to sell.

Canadians like to hear good things on the news.

We don't have to SELL anything.

[Huggy85]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: T-pot</div><div class="ubbcode-body">Is that something to be proud of?

If you are proud of that, then you are brainwashed.

Good day. I am getting ready to go out and enjoy my family and sit down to a nice Thanks Giving.

</div></div>

And I need to leave as well. I have to go to the US to buy a cheap turkey and some milk. Have a good evening Speedy.

Happy Thanksgiving T-Pot

[GenX]

Canadians NEED to hear good things on the news (it helps us keep our alter-reality afloat)


_________________________

[1337]

You as well Huggy!

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Huggy85</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: T-pot</div><div class="ubbcode-body">Is that something to be proud of?

If you are proud of that, then you are brainwashed.

Good day. I am getting ready to go out and enjoy my family and sit down to a nice Thanks Giving.

</div></div>

And I need to leave as well. I have to go to the US to buy a cheap turkey and some milk. Have a good evening Speedy.

Happy Thanksgiving T-Pot </div></div>

Show me da' money!!!

Even a holiday celebrating and giving thanks to Canada they still spend in the USA.

Canada: the country that lost its soul.

[1337]

Americans NEED to hear negative things on the news (it helps to propagate fear, and keep the american people afraid, and FOR national security and wars)

You folks are the modern terrorists.

[GenX]

The anger...the seething anger...

[Huggy85]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Speedy the Arrogant Parrot</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Huggy85</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: T-pot</div><div class="ubbcode-body">Is that something to be proud of?

If you are proud of that, then you are brainwashed.

Good day. I am getting ready to go out and enjoy my family and sit down to a nice Thanks Giving.

</div></div>

And I need to leave as well. I have to go to the US to buy a cheap turkey and some milk. Have a good evening Speedy.

Happy Thanksgiving T-Pot </div></div>

Show me da' money!!!

Even a holiday celebrating and giving thanks to Canada they still spend in the USA.

Canada: the country that lost its soul. </div></div>

Just to clarify for you speedy......the actual holiday I get paid for is Thanksgiving Monday, not Thanksgiving Saturday.

[1337]

Fear does tend to lead to anger.

You are full of it.

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Huggy85</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Speedy the Arrogant Parrot</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Huggy85</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: T-pot</div><div class="ubbcode-body">Is that something to be proud of?

If you are proud of that, then you are brainwashed.

Good day. I am getting ready to go out and enjoy my family and sit down to a nice Thanks Giving.

</div></div>

And I need to leave as well. I have to go to the US to buy a cheap turkey and some milk. Have a good evening Speedy.

Happy Thanksgiving T-Pot </div></div>

Show me da' money!!!

Even a holiday celebrating and giving thanks to Canada they still spend in the USA.

Canada: the country that lost its soul. </div></div>

Just to clarify for you speedy......the actual holiday I get paid for is Thanksgiving Monday, not Thanksgiving Saturday. </div></div>

Does that negate the fact you celebrate Canada by spending in the U.S.?

Nope, it does not /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif

Canada has no identity. Money trumps all.

Soulless nation.

[1337]

Turkey is cheaper in the States.

Hundres of Americans cross this border a day to shop here.

Because their money was worth more.

What say you then?

[GenX]

Look at the lineup on the bridge every day. The line is always huge entering the U.S., and barely a ripple entering Canada.

[Huggy85]

If I spend a couple mote dollars in the US, your government will be able to afford a few more bullets for Iraq without having to borrow from the Saudis....I'm doing you a favour.

[1337]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Speedy the Arrogant Parrot</div><div class="ubbcode-body">Look at the lineup on the bridge every day. The line is always huge entering the U.S., and barely a ripple entering Canada. </div></div>

Proof?

[GenX]

3% of our budget goes to the military.

Next!! /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif

[Huggy85]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Speedy the Arrogant Parrot</div><div class="ubbcode-body">Look at the lineup on the bridge every day. The line is always huge entering the U.S., and barely a ripple entering Canada. </div></div>

So what. When the US dollar was worth more, it was the other way. What's your point?

[1337]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Speedy the Arrogant Parrot</div><div class="ubbcode-body">Look at the lineup on the bridge every day. The line is always huge entering the U.S., and barely a ripple entering Canada. </div></div>

PROOF? Stop avoiding the subject

[GenX]

I say spend the money in Canada, so your government can upgrade your navy


http://www.piratesplunder.com/images/products/bathroom/Toy%20Boat_450.jpg

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: T-pot</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Speedy the Arrogant Parrot</div><div class="ubbcode-body">Look at the lineup on the bridge every day. The line is always huge entering the U.S., and barely a ripple entering Canada. </div></div>

PROOF? Stop avoiding the subject </div></div>

Go look at the bridge right now.

[1337]

Where is your proof about the line ups on the bridge speedy?

You spout off your mouth without proof.

[1337]

Your obsession with trying to reclaim your title from me is getting ridiculous.

[1337]

I own you /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif You work for me!

When I say SPEAK, you do!

[1337]

Now Speak /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif

[GenX]

Want me to take a picture?

I know you don't have a car, but borrow a friend's. Or walk. Either way, go to the bridge. Lineup an hour long coming to U.S., not a lineup going to Canada.

The End /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: T-pot</div><div class="ubbcode-body">Your obsession with trying to reclaim your title from me is getting ridiculous.

</div></div>

If I had a title your desired then I must have been quite something on this board all this time /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif

Speedy wins!

[1337]

I own 2 vehicles, an 02 f150 and a 07 jetta.

Your assumptions are bury'ing your self.

Both of my vehicles can tow yours, faster than it can go by itself!

P.s. look at the bridge cam!

[GenX]

My dad can beat up your dad.

[1337]

And I can beat you up.

You resorting to threats now?

[GenX]

I know you are but what am I

[1337]

An arrogant, ignorant, self righteous, trouble maker.

[GenX]

I know you are but what am I?

[1337]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: T-pot</div><div class="ubbcode-body">An arrogant, ignorant, self righteous, trouble maker.</div></div>

[GenX]

I know you are but what am I?

[Hans]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Speedy the Arrogant Parrot</div><div class="ubbcode-body">Want me to take a picture?

I know you don't have a car, but borrow a friend's. Or walk. Either way, go to the bridge. Lineup an hour long coming to U.S., not a lineup going to Canada.

The End /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif </div></div>

That clearly shows the Canadian border guards are far more efficient workers then the American ones.

[GenX]

"Than", the word is "than".

[Hans]

No, I clearly wrote then.

[GenX]

Do you know the difference between "then" and "than"?

[Hans]

That is not here or there. I clearly wrote then.

[GenX]

Well, on the bright side you didn't type "That is knot hear or their..."

[Hans]

Do you have a knot in your tail?