The dollar...

[MrTAME]

Canadian dollar is expected to pass the american dollar in the next two months if not the next month...
The American dollar is in a world of hurt right now...I hope it gets better for you guys, travel must be getting expensive.

[Dizz28]

It's getting rediculous. How is gas prices up there north of the boarder?

[MrTAME]

damn sux too! we go by litres ...you guys go by gallons...however right now it is 104.9 on the gas station sign out my window...I think you guys have it a lil cheaper.

[MrTAME]

My hauling vehicle is a 5.7 litre too! my fun vehicle is a supercharged stroked 2.8 to a 3.1...bit better but not all that great either.

[wascaptain5214]

fuel expenses are putting a cramp on my life style. when i got my first car gas was 25 cents a gallon.

[peteroy01]

if you look at the Zeitgeist thread and watch it, we(Canada, US, Mexico) are going to the Amero(sp)

[Pooks]

Things that cost $1 in 1913
cost $400 dollars today..

Inflation is a bitch..

and yah its even worse, when all the other currencies start being worth more than yours ..

alot of people are just buying gold.
They were smart,,, once the IRAQI war started, i guess they knew BUSH was gonna destroy the dollar just to fund that bullshit over there, and GOLD PRICES started heading up.

[Red Ketchup]

Things that cost $1 in 1913
cost $400 dollars today..

Yeah but don't forget that in 1913 people made like ¢17 a day or something

Red

[Pooks]

Yeah but don't forget that in 1913 people made like ¢17 a day or something

Red

thank the great american early century unions for getting that up, to keep up with inflation

My union contract is up next year,, and better be getting some good raises,, with milk costing 4.50 a gallon now.. and gas up to almost $3..

but gonna take one hell of a fight prolly.. especially if we slip into a recession, that some seem to think we might.

[soulstealer]

thank the great american early century unions for getting that up, to keep up with inflation

My union contract is up next year,, and better be getting some good raises,, with milk costing 4.50 a gallon now.. and gas up to almost $3..

but gonna take one hell of a fight prolly.. especially if we slip into a recession, that some seem to think we might.

You can blame the creation of the federal reserve for all the problems were having today with inflation period end of story. It was consistent and predictable before The feds inception in 1913 then it went crazy out of control.

[Dizz28]

I remember when gold was a little over 300$ and ounce, now it's over 700$

That would have been a worthy investment

[helium3]

yeah but lets put things into perspective, the standard of living today is far higher than it was in the early 1920's. i mean we throw more food away in a day than they actually had in a week back then.

[Pooks]

You can blame the creation of the federal reserve for all the problems were having today with inflation period end of story. It was consistent and predictable before The feds inception in 1913 then it went crazy out of control.

yup.. even tho politicians keep saying the economy is strong.. it does feel like we are heading down the wrong path.. The rest of the world is catching up to us, and growth percentage wise surpassing..

We still economically 13 times bigger than the second biggest economy.. which is germany i believe..

but we're also a lot bigger than germany.. Comparing the United States to the whole of Europe would probbably be more accurate..

China keeps growing bigger and bigger.
SOuth AMerican is booming now.. and all the other emerging markets..

on the other hand we might be looking at a recessions, which is 2 straight quarters of negative GDP growth.

meaning growing in the wrong direction!!! LOL

even if we dont go into recession.. what is our GDP growing at at this point maybe 2 or 3%?

while other nations are looking at 10+% growth.

[Prada]

Its simple dont put all your eggs in one basket. Diversify your assets and investments. More diversification=less risk

[Amorphic]

fvck yeah for canada!

[Amorphic]

You can blame the creation of the federal reserve for all the problems were having today with inflation period end of story. It was consistent and predictable before The feds inception in 1913 then it went crazy out of control.

Huge truth in this, the reserve and central banks are the corruptors of all economies

[Brazil]

Yeah it definately sucks for me as my money is in dollar. I came in 2004 and it was like 3.2 now is below 2 on 50000 thats a difference of more than 50000 reais!!!!

[Pooks]

Yeah it definately sucks for me as my money is in dollar. I came in 2004 and it was like 3.2 now is below 2 on 50000 thats a difference of more than 50000 reais!!!!

Yup a lot of people think its gonna get worst.
Alan Greenspan has been wrong on things before..
But he is also a very smart man, whose been in the business of finances at top levels for a very long time.. everything he says or does is magnified. He flat out blames the republican congress that was in power for off-the-charts spending, and tax cuts. He said just for that they "deserved" to be voted out of congress.

He states that we need double-digit interest rates to keep inflation at 2% a year which it is at right now.

BUT GUESS WHAT!
They're gonna drop interest rates on tuesday, because of the credit crunch n etc..

so its a double edged sword..
the thing is if the interest rates are dropped or kept the same as now.. our inflation rate will balloon to 4% a year or a bit more than that..

Meaning = U.S dollar becomes even more worthless.

[Igifuno]

Its simple dont put all your eggs in one basket. Diversify your assets and investments. More diversification=less risk

ya but gas is still high!!

[goodcents]

fvck canada!

That wasn't very nice