tbw
Full Member
Posts: 332
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Post by tbw on Sept 29, 2007 19:45:32 GMT -5
From my understanding if more people sell a currency than buy it, it begins to devalue the currency. If you are planning to stay in America for a lengthy period of time, then its great to keep investing in the country rather than follow the overseas investment. In doing this there are risks too, but the whole idea is that even if the USD$ does fall alot more, it will rebound in the future (even if it takes 30 years.)
But i'm just glad that the AUD$ is so high against the YEN¥ at the moment, I plan to take a holiday to Japan to visit friends. Last time I went it was AU$1 = ¥60, now its $1=¥100
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Post by Julz 33 on Sept 29, 2007 23:19:07 GMT -5
^^ The temperature is not always that different in Canada... Despite that increased value of the Canadian dollar ;D, prices are still higher in Canada and it may take a number of years for the price gap to adjust as companies give into the consumer cries of price unfairness... But I strongly suggest in investing in Canada and depositing all foreign currency in the "julz 33" fund... The timid are now the strong, first the US currency and then the NHL (oh we already have that)...the NBA..Nash....it's all in the Canadian plan of things... All jokes aside...invest in your nation of the United States, in the long run it is good for your economy and will sustain jobs, despite our increased dollar we north of the border are feeling the after effects of the decrease in the US housing market...loss of jobs...increased interest rates...
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Post by Julz 33 on Sept 29, 2007 23:42:54 GMT -5
^^ Our Canadian economy is affected by the decrease in the American housing market due to subsequent complimentary industries, such as the car industry. As there is less work for construction workers, there is a lesser demand for pick-up trucks which construction workers use to transport their tools, etc. As the General Motor plants in Canada especially Ontario build such vehicles, due to the decreased demand in their product, massive lay-offs occur, jobs are lost thus resulting in our economy having to respond to the greater need to support our under-employed and increasing our unemployment rate...
You are most likely to be right about the tourism industry...but on the flip side...Canadians are purchasing more US destination vacations to areas such as Hawaii because the currencies are at par...so we get to see more blue oceans while we boost your economy...
Our film industry will also feel the effects as it becomes more expensive to film here...
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Post by Julz 33 on Sept 29, 2007 23:47:26 GMT -5
;D I was thinking about that too...but you guys still need toilet paper no matter the state of your economy...so we gotcha there...
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Post by juancarlos on Sept 30, 2007 1:17:40 GMT -5
The reason why the US dollar is falling in value is because the U.S. central bank is printing money to prevent the U.S. economy from going into recession.
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Post by Ajeno on Sept 30, 2007 5:36:11 GMT -5
The reason why the US dollar is falling in value is because the U.S. central bank is printing money to prevent the U.S. economy from going into recession. Federal Reserve = Legalized counterfeiting...Solving inflation with more inflation..Devaluing the currency..Pricks..
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Post by juancarlos on Oct 1, 2007 3:47:02 GMT -5
Inflation is bad, and so is deflation.
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Post by Ajeno on Oct 1, 2007 18:47:58 GMT -5
^ It's called perpetual debt, and is a key characteristic of fractional reserve banking, which I've probably mentioned in a few threads already. If you have 45 mins to kill, spend some time watching the "documentary" below in my sig (Money as Debt). I forgot all about that thread you did! Im gonna comment when i get to see the whole thing ;D
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Post by Ave` on Oct 2, 2007 0:03:16 GMT -5
If you want to remedy the situation. You should open a tourism company specially for canadians so they spend all their money in America. Which I doubt due to Americas reputation in Canada but you can try.
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Post by Jabberwocky on Oct 2, 2007 23:34:03 GMT -5
I think things are only going to get worse as time goes on. Our huge deficit spending isn't making things any better as the national debt keeps increasing. In the years to follow the interest we pay on it will keep on rising. And foreign competition is only getting stronger with countries like China and India on the rise.
From what I understood in Econ 1, devaluing the dollar is good for US exporters because it makes their products cheaper for foreign countries. But the rest of Americans will suffer.
I remember reading somewhere that Israel is now requesting that their aid from the US be paid in Euros.
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Post by juancarlos on Oct 3, 2007 5:54:25 GMT -5
Might be a good idea to sink your money into bullion (e.g. gold coins) if you're scared about the future value of your dollars. It's the only currency that the cabal of central bankers can't control. It's not the only one. You also have silver and of course blood diamonds.
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Post by Uncle Hank on Oct 6, 2007 1:39:56 GMT -5
From what I understood in Econ 1, devaluing the dollar is good for US exporters because it makes their products cheaper for foreign countries. But the rest of Americans will suffer. and if you take that a little further, the value of the dollar will begin to rise again because the foreign buyers will need to exchange to USD in order to purchase the US Exports thus upping the demand for USD... and everything is back to equilibrium again.
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Post by juancarlos on Oct 6, 2007 6:34:18 GMT -5
Mr. S.C.,
Sorry, I couldn't help but chuckle at your chosen user name. I can't believe the mods let you keep that name. Lol.
JC
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Post by waywardwolf on Oct 6, 2007 6:37:25 GMT -5
I think I'll change all my cash into chicken bullion cubes. Let's see them confiscate that.
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Post by Ajeno on Oct 11, 2007 7:50:44 GMT -5
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