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US economy the "Envy of the World!" (pg. 2)
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| Falcon-X |
| quote: | Originally posted by Marc Summers
more like 6.4 trillion.
But our dollar is worth more so suck it c00nt! |
That comment was just plain stupid. Learn a bit about exchange rates. |
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| Marc Summers |
| quote: | Originally posted by Falcon-X
That comment was just plain stupid. Learn a bit about exchange rates. |
your dollar is worth about .86 USD.
So if you went to the united states and tried paying for something at a dollar store with your canadian dollar, you wouldn't be able to because you wouldn't have enough. And that is if an american store accepted your money.
I win, die plz. |
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| LiGHT78 |
Pretty sure we all know how exchange rates work bud, but thanks for your dumb ass explanation anyway.
Considering a few years ago our dollar was worth like 0.65 american, and now its 0.86, you lose. Your dollar value is going down and continues to go down. |
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| infinity HiGH |
| quote: | Originally posted by Aquarian
aren't you guys several hundred billion in dept? No thanks |
Canada is the 2nd worst debting nation in the world. America isn't. Even though they're debt number is bigger; that number versus their economy is smaller than our debt to economy. Canada is in worse shape, basically. |
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| Marc Summers |
| quote: | Originally posted by LiGHT78
Pretty sure we all know how exchange rates work bud, but thanks for your dumb ass explanation anyway.
Considering a few years ago our dollar was worth like 0.65 american, and now its 0.86, you lose. Your dollar value is going down and continues to go down. |
First off, he told me to learn about something I already knew about, twat. So I had to give an explaination.
And you have to take into consideration that people have died from the things that have brought our economy down (Hurricanes, 9/11, etc.), so I think that we shouldn't be treating this as a ing conest, so I am stopping right now, because I started it, my bad. |
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| SuspicionVandit |
| C-Span would be competing against The Ultimate Fighter and WWE if tranceaddicts were the primetime debaters |
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| Perfect_Cheezit |
| quote: | Originally posted by Nou
Guess who we owe most of our debt to?
CHINA!!!!
China dosn't need an army of 2 million men, it just needs to call in our debt to the world bank and other international banking institutions and we are fizucked. |
No, no, no.
You're confusing a trade deficit with a national debt. And while China has purchased portions of our national debt, they can't "call in our debt", it doesn't work that way. |
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| Nabistai |
| Lol. There are too many people here trying to give their opinion while they are uneducated concerning economics :p |
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| Abhay |
| quote: | Originally posted by dan hernan
How well the economy is doing does correlate with living coditions, at least 99% of the time. You don't expect a country let's say in Africa with GDP per capita with $100 to have excelent hospitals, water, electricity, maybe internet etc.
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uh.
no.
a country can have a relatively tiny economy, and have ppl with excellent conditions, better than that of nations with massive economies, and more market power in the general scale. Take some of the gulf countries, especially the non-democratic ones. The ppl get so much money from the government, because the government makes so much money from the oil reserves, and gives much of it to the people.
actually, living conditions is in itself, kind of a hard thing to sort out, because it's purely an average. So in a country of 1000 people, u may have 1 person with an income of 1billion dollars per anum. the rest may earn 1c per anum. that averages out to $10,000 pa average. THis certainly isn't the only factor in determining living conditions, but it's probably the biggest.
Australia has a GDP per capita of $ 30,700. 17th on the global rank.
US has a GDP per capita of $ 40,100. 2nd.
Mostly Becasue of the social security benifits, and FREE PUBLIC health care, Australia has a better living condition (from memory, about 5-10th in the global scale. Oh yah... and we have kangaroos.
I used Australia and US as an example. THese are pretty well-known, common countries. So it's not just a one-off instance of my point.
GDP per capita is just an indication of how much GDP per person is in a country. IF living is expensive, and the gap between poor and rich is big, then living conditions are . |
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| Abhay |
| quote: | Originally posted by LiGHT78
Pretty sure we all know how exchange rates work bud, but thanks for your dumb ass explanation anyway.
Considering a few years ago our dollar was worth like 0.65 american, and now its 0.86, you lose. Your dollar value is going down and continues to go down. |
currency exchange rates aren't the best indicator of economic strength.
i can't be arsed explaining why, but 1 pound is worth like 2-3 USD.
go figure. |
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| Marc Summers |
| quote: | Originally posted by Abhay
currency exchange rates aren't the best indicator of economic strength.
i can't be arsed explaining why, but 1 pound is worth like 2-3 USD.
go figure. |
Ever watch that antique roadshow? They are always like 700-1000 pounds, I am like :wtf:
I am not a calculator they should translate that before putting it on american TV! |
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| Abhay |
| quote: | Originally posted by Dervish
I envy it, for cheap decks! :toothless |
OMFG!
great place to shop. Aus is for DJ equipment.
I'm getting my sis to buy me Senn HD280s. $60-70USD
In australia, Senn HD280: $280AUD
1AUD = approx .75USD
go figure |
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