Canadian dollar drop and airsoft prices

[Moderate]

All that money you'll be saving on gas can now be spent on airsoft.

[Amos]

Originally Posted by moderatesniper

All that money you'll be saving on gas can now be spent on airsoft.

That's the way to think of it!!

[Rukus]

Originally Posted by jameskersten

Is your wifes friend here in Canada or the US? Mind giving us some details of why she is losing her house?

She is here in Canada. She was fortunate to get a massive inheritance from her mother when she died and has spent the many many years living off of it, putting it bluntly she should have never had to work again kinda inheritance. Unfortuately she has made a living off the stock market in order to keep a cash flow, as all of her money has been rolled up into various stocks that were giving her a damned good living and well they have all tanked. She own's her house out right but can't afford to maintain it now, let alone the taxes. She lives in Poco at the moment but because of this mess she is worried about her being able to afford anything she is already looking at liquidating a lot of her stuff to just keep afloat in hopes that everything will rebound but she's running out of options. We'll see how this plays out, she's looking for a job but any job she can get will not be enough to keep her house hold going as it is now.

[CARL]

http://news.aol.ca/article/loonie-gets-big-lift/399290/

Loonie went up!

[Amos]

C'mon... lets see gas go down to .50 /L and the loonie go up to 2.00 US!!

[JacoNB]

Originally Posted by Cheeseduck

Bush is an idiot and I hope he rots for that dumb f*ckin mistake of his.

Don't think for a second it was a *mistake*. Everything that prick has done was calculated down to the last red cent. Those asshats know exactly what they're doing. (Bush doesn't... obviously. But whomever is pushing his "go" button knows what they're doing).

But, yeah, I get paid in US dollars for the comics I do. So when the CAD goes up, I actually lose money. (Because my US paycheck is worth less).

However, now that I have a second "McJob" to help buy my toys, it sorta balances out. *sigh*.

Whatever happened to the barter system, anyway? Beaver pelts and shiny baubles all the way!

[F34N0R]

Thanks God i have a bunch of switzerland franc stored.

[Omi-san]

I love how we always lose no matter what. When our dollar was equal to the USD, we were still paying 15%-30% more for goods, and now that our dollar is going down, we will pay even more.

[spartan117]

I don't think it matters that much. As long as there is airsoft. Then i'm fine with it. At least they're not 2k like the systema....

[Scarecrow]

What I am enjoying is watching all those companies that bailed out of Ontario back to the US when our dollar went par, only to see it go back down again. We had several manufacturing companies in our town leave during the summer, citing the high Canadian dollar as the reason.

There are upsides for Canadians in all this. In some respects we've used the low Canadian dollar in the past to support inefficient manufacturing and business practices - many during the high dollar retooled, did staff adjustments, and now are able to function competitively dollar for dollar against foreign companies (read: US, Japan). Now with the dollar having an 18% advantage on the foreign market, those companies will now reap the benefit - particularly against those bailers who are still amortizing their moving costs back to the US. I always enjoy watching a lack of loyalty be rewarded so handsomely.

Don't worry folks, stock up on commodity stocks at bargain prices, its likely the last time you'll see the likes of RIM, Potash, or other Canadian bluechips available with so much room to gain before you retire. I have some cash coming in in the next 30 days and I am hoping we haven't hit bottom yet - I'd like to go shopping.

[Shrike]

Or..... Hal Turner (a renowned white supremacist) is right and we are in for some interesting times....

http://www.beersteak.com/politics/ha...-ameros-china/


Ready to out the loonie and accept the amero? Watch the vid at bottom.

edit: Another vid saying sell U.S. $

http://www.beersteak.com/politics/pe...ed-us-economy/

[Schlyder]

Yeah, they may have been giving us a taste of "at par currency" so when our $ drops, and the masses cry out, that they will offer us a "magical solution to the problem" with the Amero. It may take a few more cycles of the dollar going up to par, and dropping into the $.70 -$.75 range. But it will happen. They will try to form a N.American Union and it is only a matter of time.
Notice how when the banks all secured their bacon with the bailouts, it was shortly thereafter followed by lowered interest rates for savings and investments, an increase in lending rates, and showed little regard for their responsibility in the whole mess, the whole while moaning they were the injured parties involved. I guess the saying "the squeeky wheel gets the grease" applies here. Banks have a bigger lobby than Joe Public. And it is all part of a bigger game that we are only pawns in. Between the multi millionaire speculators manouvering the markets, and bankers and power brokers running the show, we stand very small chance of coming out ahead or even square with status quo.
With the election in the US a few days ahead of us, it will be interesting to see how long it takes for things to change into a different gear. And I can't wait to see what happens next. Things are definately going to change.

[Muffin]

Originally Posted by Amos

C'mon... lets see gas go down to .50 /L and the loonie go up to 2.00 US!!

Oh what a day that would be...

[Scarecrow]

I think what the Canadian Gov't did was prudent and I also think that when the public actually gets a return on that $25 billion, everyone is going to praise Flaherty and Harper for being prudent money managers on our behalf. What they did here is totally different than what they did in the US. The US is just delaying their meltdown. At some point they have to address their deficit and debt - there is no escaping it other than devaluation. As long as the US dollar is the petrodollar, too many people's own interests are at stake and it will be propped up and protected.

What will happen when and if the US develops energy independence as a result of consumer change (as opposed to manipulation)? I do believe that regardless of the dark forces that are working behind the scenes, that the public system that they and we have can only be usurped to a certain point. If energy conservation and alternative energies begin to put a dent in the petro dollar (look at the current situation, gas consumption North America wide is down almost 5% - thats not a bad thing), then all the reserves of US dollars that petro countries and companies (and evil entities) hold with get devalued to nothing and a new currency will be adopted based on the gold standard or some other base.

I would stay away from the US dollar like the plague. I have a vacation in Florida coming up in Feb 2009 and hope our dollar has recovered by then. But I have been battening down the hatches now for 6 months trying to get my house energy consumption down to striking distance of a solar powered system, putting in a heat pump (works like geothermal) and investing in other things to eliminate my dependance on energy suppliers. I am doing this over the next 5 years instead of putting major investments into RRSPs because these technologies will save me from SPENDING money on high energy costs over the next 20 years and when I retire, I have limited exposure to those inflated costs - this is the kind of thing we as consumers can CHOOSE to do over consuming. Consuming is participating in this stupidity. Conserving and making yourself energy independent (and CONSUMING LESS overall) takes you out of the equation and less exposed to the things that are likely to really hurt when the next technical wave hits.

The only exposure I really have at this point outside of my plan is food prices - but short of buying a farm (or land, which is a possibility) I can't really address that, other than buying local produce from local farmers, which I do. I also hunt and put a whole winter's worth of venison in the freezer to avoid buying beef.

[shinobii]

Originally Posted by Scarecrow

I think what the Canadian Gov't did was prudent and I also think that when the public actually gets a return on that $25 billion, everyone is going to praise Flaherty and Harper for being prudent money managers on our behalf. What they did here is totally different than what they did in the US. The US is just delaying their meltdown. At some point they have to address their deficit and debt - there is no escaping it other than devaluation. As long as the US dollar is the petrodollar, too many people's own interests are at stake and it will be propped up and protected.

What will happen when and if the US develops energy independence as a result of consumer change (as opposed to manipulation)? I do believe that regardless of the dark forces that are working behind the scenes, that the public system that they and we have can only be usurped to a certain point. If energy conservation and alternative energies begin to put a dent in the petro dollar (look at the current situation, gas consumption North America wide is down almost 5% - thats not a bad thing), then all the reserves of US dollars that petro countries and companies (and evil entities) hold with get devalued to nothing and a new currency will be adopted based on the gold standard or some other base.

I would stay away from the US dollar like the plague. I have a vacation in Florida coming up in Feb 2009 and hope our dollar has recovered by then. But I have been battening down the hatches now for 6 months trying to get my house energy consumption down to striking distance of a solar powered system, putting in a heat pump (works like geothermal) and investing in other things to eliminate my dependance on energy suppliers. I am doing this over the next 5 years instead of putting major investments into RRSPs because these technologies will save me from SPENDING money on high energy costs over the next 20 years and when I retire, I have limited exposure to those inflated costs - this is the kind of thing we as consumers can CHOOSE to do over consuming. Consuming is participating in this stupidity. Conserving and making yourself energy independent (and CONSUMING LESS overall) takes you out of the equation and less exposed to the things that are likely to really hurt when the next technical wave hits.

The only exposure I really have at this point outside of my plan is food prices - but short of buying a farm (or land, which is a possibility) I can't really address that, other than buying local produce from local farmers, which I do. I also hunt and put a whole winter's worth of venison in the freezer to avoid buying beef.

+1 to whole winter's worth of venison in the freezer to avoid buying beef.