Seriously, is the USD ever going to go back up? (or the CDN fall?) - GoFuckYourself.com

Myst · 10-01-2007, 10:13 AM

What are analysts saying about this situation?

Should I be converting all my monies to canadian currency or should I wait it out?

who · 10-01-2007, 10:14 AM

Very, very slowly.

who · 10-01-2007, 10:16 AM

USA (and mostly the emigrants) are a working nation, and stick good old Americans in a recession, and you'll get the best qualities out of them. People will work hard, share more, invent ways to make life cheaper and more efficient, etc.
So, if the dollar drops to rock bottom and recession hits the nation, it WILL bounce back.

flashfire · 10-01-2007, 10:18 AM

I hear 90 cents by the end of the year...thats the canadian dollar worth 90 cents us. but I am in the same situation and dont know what to do.

GAMEFINEST · 10-01-2007, 10:19 AM

i hope so ..

ruth · 10-01-2007, 10:21 AM

Over here we're being told it's going to get a lot worse before it gets better

pornask · 10-01-2007, 10:24 AM

Unlikely. With Canadian economy being this strong and the oil reserves allegedly second largest in the world, I don't think US dollar gets a chance for at least next 10-25 years...

cambro2 · 10-01-2007, 10:28 AM

It's not about the Canadian economy being strong, it's about the US economy and demand for USD being weak.

flashfire · 10-01-2007, 10:34 AM

yeah people keep saying how strong the canadian economy is...but it hasnt changed much compared to other currency so obviously its just the falling us dollar.

Casa Nova · 10-01-2007, 10:46 AM

i think the increase will last maybe 2-5 months after that the American will most likely go back up.

the Shemp · 10-01-2007, 10:50 AM

somebody should fire up the quebec separatists again, that usually drops the C$ by at least 10 cents...

hjnet · 10-01-2007, 10:51 AM

Wait till the 2008 elections, and hope that the next US president is a genius. Then we'll have a reasonable rate again by 2010-2012

The Other Steve · 10-01-2007, 11:25 AM

Quote:

Originally Posted by Casa Nova

i think the increase will last maybe 2-5 months after that the American will most likely go back up.

Some analysts here in Australia are suggesting that the US dollar will continue to fall in value and will never recover to the levels we once knew.

They also suggest that the economic centre of the world has shifted from the US to Asia and especially China. It seems that Australians can also look forward to parity and it will come very quickly when the $A breaks through the 90 cent barrier.

Shok · 10-01-2007, 12:10 PM

The Dollar will strengthen when the feds raise the rates.

China does not want a strong currency. It's goods would no longer be worthwhile to import and they would be fucked.

The whole reason Asia is doing as well as it is, is because goods and labor are cheap. If it costs to much to buy from China, we will just have it made here instead or another country with a weak currency.

pr0 · 10-01-2007, 12:19 PM

Quote:

Originally Posted by Shok

The Dollar will strengthen when the feds raise the rates.

China does not want a strong currency. It's goods would no longer be worthwhile to import and they would be fucked.

The whole reason Asia is doing as well as it is, is because goods and labor are cheap. If it costs to much to buy from China, we will just have it made here instead or another country with a weak currency.

I really hope china fucks up....so we can re-open our textile, toy, & tool mills.

We took over the world after the 2nd world war by being the Manufacturing king. We could pump out more tanks, more bullets, more clothes, etc.

Now we are quickly turning into a consumer only culture, which leaves us weak in case of world war.

jalami · 10-01-2007, 12:37 PM

Quote:

Originally Posted by pr0

I really hope china fucks up....so we can re-open our textile, toy, & tool mills.

We took over the world after the 2nd world war by being the Manufacturing king. We could pump out more tanks, more bullets, more clothes, etc.

Now we are quickly turning into a consumer only culture, which leaves us weak in case of world war.

Once the U.S. started importing products because it no longer makes them, and started importing energy because it no longer produces it, and started ballooning government debts because it no longer can pay for its own budget, it's been on a path of decline as an economy and as a nation.

I see the day when the U.S. starts importing its basic food needs because most available land is being used to produce biodiesel then it's really fucked.

Drake · 10-01-2007, 01:05 PM

Unfortunately nobody really knows

Lifer · 10-01-2007, 01:13 PM

Things might improve after the election unless a Republican wins and they control congress.

Republicans spend spend spend and print print print new money.

Just think... if we tried to print money, they'd throw us in the pokie!!

V_RocKs · 10-01-2007, 01:34 PM

How many times do I have to say this:

"Sponsors, I want my money in Euros from now on."

GeXus · 10-01-2007, 01:41 PM

Quote:

Originally Posted by V_RocKs

How many times do I have to say this:

"Sponsors, I want my money in Euros from now on."

Who cares if its in USD or Euros... it will still be the same relative amount... Their not going to payout $35 in Euro instead of $35 USD, c'mon... It's all going to be converted whether you do it or a sponsor does.

axelez · 10-01-2007, 01:53 PM

Quote:

Originally Posted by V_RocKs

"Sponsors, I want my money in Euros from now on."

CherryLipsRosa · 10-01-2007, 01:57 PM

i don't think it will ever go back up to where it use to be.

gecko · 10-01-2007, 09:26 PM

Quote:

Originally Posted by pornask

Unlikely. With Canadian economy being this strong and the oil reserves allegedly second largest in the world, I don't think US dollar gets a chance for at least next 10-25 years...

I sure hope not

Validus · 10-01-2007, 09:31 PM

We got OIL!

Lots of it!!!

Validus · 10-01-2007, 09:38 PM

Canada is the largest supplier of oil to the U.S., with over a million barrels per day coming from tar sands.

http://en.wikipedia.org/wiki/Athabasca_Oil_Sands

GreyWolf · 10-01-2007, 09:49 PM

US dollar is going nowhere - tho probably downwards - a lot.

The Canadian dollar and most other western-world currencies are fine - the problem is a lack of performance from the US. Basically there is nothing to offer other than requests for more loans and debt.

All Wall Street hype and media bullshit is irrelvant - only the truth matters. Until the US has anything to offer other nations, the economic relevance will continue to decline. Talking bullshit about politics, abortion, rights and fantasies of "freedom" don't count - only hardcore evidence of getting a grip on fiscal policy and implementing that policy over a sustained timescale matter.

Myst · 10-02-2007, 02:24 PM

dammit

directfiesta · 10-02-2007, 02:32 PM

I hope it wont get to this:

Because if the US economy goes really bad, we will suffer some type of repercussions ...

Klen · 10-02-2007, 02:37 PM

Well when democrats return to goverment dollar should raise again.

Axeman · 10-02-2007, 02:39 PM

Quote:

Originally Posted by GeXus

Who cares if its in USD or Euros... it will still be the same relative amount... Their not going to payout $35 in Euro instead of $35 USD, c'mon... It's all going to be converted whether you do it or a sponsor does.

Exactly.....

surferbob · 10-02-2007, 03:10 PM

Quote:

Originally Posted by the Shemp

somebody should fire up the quebec separatists again, that usually drops the C$ by at least 10 cents...

i was thinking that the other day ... ha ha..

Dvae · 10-02-2007, 04:34 PM

Quote:

Originally Posted by GeXus

Who cares if its in USD or Euros... it will still be the same relative amount... Their not going to payout $35 in Euro instead of $35 USD, c'mon... It's all going to be converted whether you do it or a sponsor does.

Exactly.
But why did you have to tell these whining SOB's.

These threads are getting old real fast!
Enough already. We get it you don't get $1.60 like you did a year ago.

10-01-2007, 10:13 AM	#1
Myst Confirmed User Join Date: Feb 2004 Location: Alberta, Canada Posts: 4,707	Seriously, is the USD ever going to go back up? (or the CDN fall?) What are analysts saying about this situation? Should I be converting all my monies to canadian currency or should I wait it out? __________________ ICQ: 298-523-037

10-01-2007, 10:19 AM	#5
GAMEFINEST Make STACK$ Industry Role: Join Date: Nov 2006 Location: sexy time Posts: 14,436	i hope so .. __________________ Compound interest.

10-01-2007, 10:21 AM	#6
ruth Confirmed User Join Date: Sep 2005 Location: London Posts: 321	Over here we're being told it's going to get a lot worse before it gets better __________________ Promote AllRuth at Simonscans.com

10-01-2007, 10:28 AM	#8
cambro2 Confirmed User Join Date: Nov 2005 Posts: 216	It's not about the Canadian economy being strong, it's about the US economy and demand for USD being weak. __________________ Plzlink.me - Shorter URLS Free Image and File Hosting Free Anonymous Email Last edited by cambro2; 10-01-2007 at 10:29 AM..

10-01-2007, 10:46 AM	#10
Casa Nova Confirmed User Join Date: Mar 2007 Location: Toronto Posts: 2,867	i think the increase will last maybe 2-5 months after that the American will most likely go back up. __________________ ICQ: 405 009 573

10-01-2007, 10:14 AM	#2
who So Fucking Banned Join Date: Aug 2003 Location: ICQ #23642053 Posts: 19,593	Very, very slowly.

10-01-2007, 10:16 AM	#3
who So Fucking Banned Join Date: Aug 2003 Location: ICQ #23642053 Posts: 19,593	USA (and mostly the emigrants) are a working nation, and stick good old Americans in a recession, and you'll get the best qualities out of them. People will work hard, share more, invent ways to make life cheaper and more efficient, etc. So, if the dollar drops to rock bottom and recession hits the nation, it WILL bounce back.

10-01-2007, 10:18 AM	#4
flashfire ICQ 1 6 7 8 5 3 4 9 2 Join Date: Feb 2003 Posts: 13,098	I hear 90 cents by the end of the year...thats the canadian dollar worth 90 cents us. but I am in the same situation and dont know what to do.

10-01-2007, 10:24 AM	#7
pornask So Fucking Banned Join Date: Aug 2006 Location: 253-233-241 Posts: 6,518	Unlikely. With Canadian economy being this strong and the oil reserves allegedly second largest in the world, I don't think US dollar gets a chance for at least next 10-25 years...

10-01-2007, 10:34 AM	#9
flashfire ICQ 1 6 7 8 5 3 4 9 2 Join Date: Feb 2003 Posts: 13,098	yeah people keep saying how strong the canadian economy is...but it hasnt changed much compared to other currency so obviously its just the falling us dollar.

10-01-2007, 10:50 AM	#11
the Shemp congrats to the winners Industry Role: Join Date: Nov 2001 Location: Echo Beach Posts: 10,891	somebody should fire up the quebec separatists again, that usually drops the C$ by at least 10 cents... __________________ i use Vacares...so should you Submit your picture galleries to my site...Outlaw TGP

10-01-2007, 10:51 AM	#12
hjnet Confirmed User Join Date: May 2002 Location: European Union Posts: 3,815	Wait till the 2008 elections, and hope that the next US president is a genius. Then we'll have a reasonable rate again by 2010-2012

10-01-2007, 12:10 PM	#14
Shok Confirmed User Join Date: Apr 2001 Location: LIVE EVIL Posts: 5,611	The Dollar will strengthen when the feds raise the rates. China does not want a strong currency. It's goods would no longer be worthwhile to import and they would be fucked. The whole reason Asia is doing as well as it is, is because goods and labor are cheap. If it costs to much to buy from China, we will just have it made here instead or another country with a weak currency.

10-01-2007, 01:05 PM	#17
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	Unfortunately nobody really knows

10-01-2007, 01:13 PM	#18
Lifer Confirmed User Industry Role: Join Date: Feb 2004 Location: Working Posts: 871	Things might improve after the election unless a Republican wins and they control congress. Republicans spend spend spend and print print print new money. Just think... if we tried to print money, they'd throw us in the pokie!! __________________ CCBill Sponsor Programs Get Paid On Time - Everytime!

10-01-2007, 01:34 PM	#19
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,409	How many times do I have to say this: "Sponsors, I want my money in Euros from now on."

10-01-2007, 01:57 PM	#22
CherryLipsRosa Confirmed User Join Date: Mar 2004 Location: Costa Rica Posts: 3,603	i don't think it will ever go back up to where it use to be. __________________ Rosalia M. ICQ.12150439 Skype. cherrylipsrosa

10-01-2007, 09:31 PM	#24
Validus Confirmed User Industry Role: Join Date: Jul 2001 Location: Calgary, Canada Posts: 4,012	We got OIL! Lots of it!!!

10-01-2007, 09:38 PM	#25
Validus Confirmed User Industry Role: Join Date: Jul 2001 Location: Calgary, Canada Posts: 4,012	Canada is the largest supplier of oil to the U.S., with over a million barrels per day coming from tar sands. http://en.wikipedia.org/wiki/Athabasca_Oil_Sands

10-01-2007, 09:49 PM	#26
GreyWolf So Fucking Banned Join Date: Jun 2007 Posts: 2,036	US dollar is going nowhere - tho probably downwards - a lot. The Canadian dollar and most other western-world currencies are fine - the problem is a lack of performance from the US. Basically there is nothing to offer other than requests for more loans and debt. All Wall Street hype and media bullshit is irrelvant - only the truth matters. Until the US has anything to offer other nations, the economic relevance will continue to decline. Talking bullshit about politics, abortion, rights and fantasies of "freedom" don't count - only hardcore evidence of getting a grip on fiscal policy and implementing that policy over a sustained timescale matter.

10-02-2007, 02:24 PM	#27
Myst Confirmed User Join Date: Feb 2004 Location: Alberta, Canada Posts: 4,707	dammit __________________ ICQ: 298-523-037

10-02-2007, 02:32 PM	#28
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Montreal, Quebec Posts: 29,679	I hope it wont get to this: Because if the US economy goes really bad, we will suffer some type of repercussions ... __________________ I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time ....

10-02-2007, 02:37 PM	#29
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	Well when democrats return to goverment dollar should raise again.