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-- Canadian Dollar Closes Above U.S. Buck For First Time In 30 Years

Canadian Dollar Closes Above U.S. Buck For First Time In 30 Years

Here's something for me to proud of ... after a disheartening week ... though I know its bad for our Canadian economy, oh well ...

http://www.citynews.ca/news/news_15258.aspx


Canadian Dollar Closes Above U.S. Buck For First Time In 30 Years
Friday September 28, 2007

quote:

Gentlemen and ladies, start your engines - and then put the car in gear and head to the U.S. For the first time in over 3 decades, the loonie has overpowered its U.S. counterpart on North American markets, closing on Friday at US$100.52. That's a level unseen since November 1976. Just about every expert expected it to happen, of course, but not everyone thought it would take place quite so fast. The Canuck buck has been travelling like a rocket the past few months, leaving the earthbound American greenback standing still. For those who love to shop, it's a reason to go bargain hunting across the border, just like in the good old days. Nadine Laraya can't wait to hit the stores in Buffalo. "There's so much to see in the States, and in previous years we've been limited because the dollar's so low," she notes enthusiastically. With the U.S. economy in a mild tailspin and Canada's economic engine roaring at full speed, many are wondering 'can it last?' "I think the Canadian dollar is going to remain around these levels," predicts economist Sherry Cooper. "Certainly there's no reason to suspect that the U.S. dollar is going to be surging anytime soon." While consumers are celebrating their reversal of fortune, those who work for exporters or in the automotive sector are feeling a different shade of green. Many are worried what their American masters have planned for plants and workers north of the border. "I think a lot of U.S. companies are going have to look at their staffing costs for having head offices here and may have to consider pulling out if they can do it cheaper in the U.S.," worries sales analyst Steve Butterworth. But while many are making a run for the border, others are content to stay home, realizing the higher dollar increases their buying power here, too - if they can find Canadian retailers who've actually lowered their prices.

It's a boot time, eh?

quote:

Originally posted by CHRles It's a boot time, eh?

Bragging rights!

I wonder who is behind this dollar decline..

Evil secret societies

quote:

Originally posted by Sunsnail Evil secret societies

I'de say so. I'm for revolution to change the oligarchy..

Especially when they're saying this...

""For more than a century ideological extremists at either end of the the political spectrum have seized upon well-publicized incidents ... to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as 'internationalists' and of conspiring with others around the world to build a more integrated global political and economic structure - one world, if you will. If that's the charge, I stand guilty, and I am proud of it."

- David Rockefeller, "Memoirs" autobiography (2002, Random House publishers), page 405 "

They are traitors, and what do traitors deserve?

I'll give you a hint...

Critical thinking, please don't leave us now

quote:

Originally posted by Sunsnail Evil secret societies

It really bites that some people need to use such shortcuts to thinking. I mean, it's almost like you're thinking except that you don't actually even really think but instead just choose from the list of preconceived, stereotypical, derogatory remarks which fits in with whatever the ongoing prejudice is at the moment. I guess right now it's conspiracy theorists and secret societies.

And while I do have to say that it's saddening to know that our species is successfully being dumbed down by people who want us to become a more compliant and less progressive population, I find it even more disheartening to know that some of us are all too willing to comply.

Re: Critical thinking, please don't leave us now

quote:

Originally posted by Trancer-X It really bites that some people need to use such shortcuts to thinking. I mean, it's almost like you're thinking except that you don't actually even really think but instead just choose from the list of preconceived, stereotypical, derogatory remarks which fits in with whatever the ongoing prejudice is at the moment. I guess right now it's conspiracy theorists and secret societies. And while I do have to say that it's saddening to know that our species is successfully being dumbed down by people who want us to become a more compliant and less progressive population, I find it even more disheartening to know that some of us are all too willing to comply.

666 is on its way...



Fuck with the government, they'll just turn your chip off so you can't buy or sell.

What are some good arguments to keep cash around?

quote:

Originally posted by Sunsnail What are some good arguments to keep cash around?

The scary thing is, there isn't..

Cash was really something of value like gold or silver. Then cash turned into a reflection of consumer sentiments by turning into fiat paper. The future is cash being nothing but electronic credits..

quote:

Originally posted by Sunsnail Evil secret societies

Clearly it's that group of Gnomes in Zuric. I really wish they stick to clocks and chocolate.

quote:

Originally posted by Krypton The scary thing is, there isn't.. Cash was really something of value like gold or silver. Then cash turned into a reflection of consumer sentiments by turning into fiat paper. The future is cash being nothing but electronic credits..

I remeber a couple of years ago there was a company called dex-it or something that was trying to popularize a small change electronic chip thing in Toronto. I don't know that it caught on but from a macro point of view it's an interesting development in money supply. Seems like a first step in undermining the tools of the central banks.

quote:

Originally posted by Sunsnail What are some good arguments to keep cash around?

It allows for your privacy. I think that's a pretty good reason to keep it around.

quote:

Originally posted by Beatflux It allows for your privacy. I think that's a pretty good reason to keep it around.

I'd prefer to keep around silver/gold bricks ;-) but of course without you knowing about it.

canadian dollar isn't really strong it's just that US currency is so low mainly due to heavy cash printing by the government for their wars

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