Always a depressing sign when the US dollar continues to tank.

Paypal didn't get the memo

What the hell lol. I am from Michigan and when I was 19-22 late 90's- Me and my buddies used to go to Windsor, Ontario a lot bars, casino etc... Legal drinking age is 19.

We would always echange our money for Canadian currency before we arrived across the border. We would get back like $1.70 $1.80 Canadian for every U.S. Dollar.

Damn how times have changed I really cannot ponder the idea of our dollar that far in the toilet wow!

tell me about it, living in EU and my market is mainly US market, so i have to convert all my earnings into EU ;/

Now is a good time to buy American, you get more for your money. Step right up folks, line starts to my right! First up on the offer table is...

I would watch whether the US succeeds in forcing the Chinese currency to appreciate. If and when it happens, a whole basket of other currencies will be forced to appreciate as well.

[DELETED]

It's going to get worse when we have to make good on our debt to China. I don't understand. You mean a government is like a person or business? You can't just keep spending money that you don't have? When you get into trouble you can't just spend your way out of it? This makes no sense to me.

seems like we US citizens are eventually headed for financial doomsday? our cash, properties and assets will become pennies on the dollar.

might be time to jump ship. which other country produces addicting reality shows?

It's been LOWER! OK, NOT MUCH, but it HAS:

Conversion Table: USD to CAD (Interbank rate)

Time period: 04/08/9 to 04/14/10.
Daily averages: 04/08/2009 1.24160000
04/09/2009 1.23870000
04/10/2009 1.23300000
04/11/2009 1.22700000
04/12/2009 1.22630000
04/13/2009 1.22630000
04/14/2009 1.22480000
04/15/2009 1.21840000
04/16/2009 1.21340000
04/17/2009 1.20570000
04/18/2009 1.21230000
04/19/2009 1.21370000
04/20/2009 1.21360000
04/21/2009 1.22390000
04/22/2009 1.23880000
04/23/2009 1.23900000
04/24/2009 1.23590000
04/25/2009 1.21930000
04/26/2009 1.21060000
04/27/2009 1.21010000
04/28/2009 1.21520000
04/29/2009 1.22110000
04/30/2009 1.21050000
05/01/2009 1.19620000
05/02/2009 1.19030000
05/03/2009 1.18600000
05/04/2009 1.18600000
05/05/2009 1.18270000
05/06/2009 1.17410000
05/07/2009 1.17580000
05/08/2009 1.16940000
05/09/2009 1.16110000
05/10/2009 1.15020000
05/11/2009 1.15030000
05/12/2009 1.15460000
05/13/2009 1.16400000
05/14/2009 1.16290000
05/15/2009 1.17390000
05/16/2009 1.17330000
05/17/2009 1.17820000
05/18/2009 1.17820000
05/19/2009 1.17260000
05/20/2009 1.15990000
05/21/2009 1.15090000
05/22/2009 1.14120000
05/23/2009 1.12970000
05/24/2009 1.11990000
05/25/2009 1.12000000
05/26/2009 1.12470000
05/27/2009 1.12580000
05/28/2009 1.11500000
05/29/2009 1.11910000
05/30/2009 1.09980000
05/31/2009 1.09230000
06/01/2009 1.09220000
06/02/2009 1.08710000
06/03/2009 1.08840000
06/04/2009 1.08870000
06/05/2009 1.10630000
06/06/2009 1.10510000
06/07/2009 1.11950000
06/08/2009 1.11950000
06/09/2009 1.12050000
06/10/2009 1.11000000
06/11/2009 1.10500000
06/12/2009 1.10370000
06/13/2009 1.11260000
06/14/2009 1.11950000
06/15/2009 1.11960000
06/16/2009 1.12780000
06/17/2009 1.13180000
06/18/2009 1.13470000
06/19/2009 1.13170000
06/20/2009 1.13190000
06/21/2009 1.13490000
06/22/2009 1.13500000
06/23/2009 1.14390000
06/24/2009 1.15330000
06/25/2009 1.14820000
06/26/2009 1.15700000
06/27/2009 1.15200000
06/28/2009 1.15320000
06/29/2009 1.15330000
06/30/2009 1.15600000
07/01/2009 1.15720000
07/02/2009 1.15630000
07/03/2009 1.15360000
07/04/2009 1.16050000
07/05/2009 1.16120000
07/06/2009 1.16130000
07/07/2009 1.16280000
07/08/2009 1.16100000
07/09/2009 1.16570000
07/10/2009 1.16200000
07/11/2009 1.16310000
07/12/2009 1.16440000
07/13/2009 1.16440000
07/14/2009 1.16160000
07/15/2009 1.14590000
07/16/2009 1.12790000
07/17/2009 1.11860000
07/18/2009 1.11770000
07/19/2009 1.11400000
07/20/2009 1.11420000
07/21/2009 1.10810000
07/22/2009 1.10650000
07/23/2009 1.10420000
07/24/2009 1.09610000
07/25/2009 1.08730000
07/26/2009 1.08730000
07/27/2009 1.08720000
07/28/2009 1.08380000
07/29/2009 1.08160000
07/30/2009 1.08560000
07/31/2009 1.08650000
08/01/2009 1.08080000
08/02/2009 1.07810000
08/03/2009 1.07800000
08/04/2009 1.07290000
08/05/2009 1.06870000
08/06/2009 1.07330000
08/07/2009 1.07300000
08/08/2009 1.08010000
08/09/2009 1.08180000
08/10/2009 1.08190000
08/11/2009 1.08430000
08/12/2009 1.09440000
08/13/2009 1.09870000
08/14/2009 1.08770000
08/15/2009 1.08990000
08/16/2009 1.09870000
08/17/2009 1.09880000
08/18/2009 1.10650000
08/19/2009 1.10540000
08/20/2009 1.10320000
08/21/2009 1.09470000
08/22/2009 1.08610000
08/23/2009 1.08170000
08/24/2009 1.08170000
08/25/2009 1.07850000
08/26/2009 1.07890000
08/27/2009 1.09120000
08/28/2009 1.09610000
08/29/2009 1.08720000
08/30/2009 1.09200000
08/31/2009 1.09200000
09/01/2009 1.09750000
09/02/2009 1.09640000
09/03/2009 1.10440000
09/04/2009 1.10320000
09/05/2009 1.09650000
09/06/2009 1.08930000
09/07/2009 1.08910000
09/08/2009 1.08090000
09/09/2009 1.07580000
09/10/2009 1.07930000
09/11/2009 1.08110000
09/12/2009 1.07700000
09/13/2009 1.07720000
09/14/2009 1.07720000
09/15/2009 1.08490000
09/16/2009 1.08150000
09/17/2009 1.07010000
09/18/2009 1.06490000
09/19/2009 1.06950000
09/20/2009 1.06970000
09/21/2009 1.06970000
09/22/2009 1.07530000
09/23/2009 1.07230000
09/24/2009 1.06990000
09/25/2009 1.07900000
09/26/2009 1.09110000
09/27/2009 1.09150000
09/28/2009 1.09150000
09/29/2009 1.09350000
09/30/2009 1.08610000
10/01/2009 1.07730000
10/02/2009 1.07360000
10/03/2009 1.08550000
10/04/2009 1.08010000
10/05/2009 1.08000000
10/06/2009 1.07540000
10/07/2009 1.06520000
10/08/2009 1.05970000
10/09/2009 1.05620000
10/10/2009 1.04990000
10/11/2009 1.04280000
10/12/2009 1.04280000
10/13/2009 1.03890000
10/14/2009 1.03340000
10/15/2009 1.02890000
10/16/2009 1.02690000
10/17/2009 1.03530000
10/18/2009 1.03760000
10/19/2009 1.03760000
10/20/2009 1.03580000
10/21/2009 1.03580000
10/22/2009 1.04840000
10/23/2009 1.04790000
10/24/2009 1.05020000
10/25/2009 1.05370000
10/26/2009 1.05420000
10/27/2009 1.05610000
10/28/2009 1.06780000
10/29/2009 1.07080000
10/30/2009 1.07570000
10/31/2009 1.07240000
11/01/2009 1.08520000
11/02/2009 1.08480000
11/03/2009 1.08020000
11/04/2009 1.07670000
11/05/2009 1.06430000
11/06/2009 1.06470000
11/07/2009 1.06800000
11/08/2009 1.07580000
11/09/2009 1.07570000
11/10/2009 1.06470000
11/11/2009 1.05620000
11/12/2009 1.04760000
11/13/2009 1.04780000
11/14/2009 1.05320000
11/15/2009 1.05220000
11/16/2009 1.05250000
11/17/2009 1.04820000
11/18/2009 1.05250000
11/19/2009 1.05150000
11/20/2009 1.06050000
11/21/2009 1.06710000
11/22/2009 1.07160000
11/23/2009 1.07150000
11/24/2009 1.06160000
11/25/2009 1.05950000
11/26/2009 1.05290000
11/27/2009 1.05280000
11/28/2009 1.06550000
11/29/2009 1.06240000
11/30/2009 1.06200000
12/01/2009 1.05720000
12/02/2009 1.04980000
12/03/2009 1.04650000
12/04/2009 1.05100000
12/05/2009 1.05470000
12/06/2009 1.05850000
12/07/2009 1.05830000
12/08/2009 1.05600000
12/09/2009 1.05500000
12/10/2009 1.06090000
12/11/2009 1.05370000
12/12/2009 1.05320000
12/13/2009 1.06070000
12/14/2009 1.06070000
12/15/2009 1.06080000
12/16/2009 1.06030000
12/17/2009 1.06080000
12/18/2009 1.06830000
12/19/2009 1.06770000
12/20/2009 1.06690000
12/21/2009 1.06700000
12/22/2009 1.06410000
12/23/2009 1.05970000
12/24/2009 1.05390000
12/25/2009 1.04860000
12/26/2009 1.05020000
12/27/2009 1.04950000
12/28/2009 1.05020000
12/29/2009 1.04690000
12/30/2009 1.04210000
12/31/2009 1.04940000
01/01/2010 1.05100000
01/02/2010 1.05380000
01/03/2010 1.05510000
01/04/2010 1.05370000
01/05/2010 1.04380000
01/06/2010 1.03900000
01/07/2010 1.03720000
01/08/2010 1.03330000
01/09/2010 1.03410000
01/10/2010 1.03030000
01/11/2010 1.03030000
01/12/2010 1.02910000
01/13/2010 1.03560000
01/14/2010 1.03650000
01/15/2010 1.02940000
01/16/2010 1.02670000
01/17/2010 1.02960000
01/18/2010 1.02980000
01/19/2010 1.02790000
01/20/2010 1.02860000
01/21/2010 1.03930000
01/22/2010 1.04790000
01/23/2010 1.05230000
01/24/2010 1.05830000
01/25/2010 1.05830000
01/26/2010 1.05710000
01/27/2010 1.06090000
01/28/2010 1.06450000
01/29/2010 1.06180000
01/30/2010 1.06680000
01/31/2010 1.07090000
02/01/2010 1.07090000
02/02/2010 1.06830000
02/03/2010 1.06050000
02/04/2010 1.05850000
02/05/2010 1.06470000
02/06/2010 1.07310000
02/07/2010 1.07210000
02/08/2010 1.07180000
02/09/2010 1.07020000
02/10/2010 1.07110000
02/11/2010 1.06680000
02/12/2010 1.05770000
02/13/2010 1.05220000
02/14/2010 1.05080000
02/15/2010 1.05090000
02/16/2010 1.04970000
02/17/2010 1.04520000
02/18/2010 1.04470000
02/19/2010 1.04520000
02/20/2010 1.04720000
02/21/2010 1.03970000
02/22/2010 1.03960000
02/23/2010 1.04060000
02/24/2010 1.04720000
02/25/2010 1.05530000
02/26/2010 1.06040000
02/27/2010 1.05680000
02/28/2010 1.05230000
03/01/2010 1.05250000
03/02/2010 1.04850000
03/03/2010 1.03690000
03/04/2010 1.03280000
03/05/2010 1.03140000
03/06/2010 1.03050000
03/07/2010 1.02940000
03/08/2010 1.02940000
03/09/2010 1.02760000
03/10/2010 1.02780000
03/11/2010 1.02660000
03/12/2010 1.02680000
03/13/2010 1.02010000
03/14/2010 1.01980000
03/15/2010 1.01970000
03/16/2010 1.01960000
03/17/2010 1.01670000
03/18/2010 1.01130000
03/19/2010 1.01230000
03/20/2010 1.01540000
03/21/2010 1.01780000
03/22/2010 1.01770000
03/23/2010 1.01910000
03/24/2010 1.01870000
03/25/2010 1.02240000
03/26/2010 1.02160000
03/27/2010 1.02640000
03/28/2010 1.02710000
03/29/2010 1.02700000
03/30/2010 1.02180000
03/31/2010 1.01920000
04/01/2010 1.01630000
04/02/2010 1.01060000
04/03/2010 1.01080000
04/04/2010 1.01170000
04/05/2010 1.01160000
04/06/2010 1.00520000
04/07/2010 1.00130000
04/08/2010 1.00140000
04/09/2010 1.00620000
04/10/2010 1.00350000
04/11/2010 1.00300000
04/12/2010 1.00290000
04/13/2010 1.00510000
04/14/2010 1.00360000



Average (372 days): 1.08597
High: 1.25040
Low: 0.99770

Steve

I really miss the US dollar from 11 years ago. $1.60 Canadian was SWEET

yea, i just realized that it was lower than CAD. in fact i noticed some payments have changed payments in usd to cad.

No Steve - we're still talking about World Bank funny money. The stuff that doesn't really have any ties to reality.

Now here's a blast into REAL money:
The RockHoundStation1? Gazette Blog Archive The Economic Crisis Has A Silver Lining In Idaho

Hi,

Whats really bad is how the British Pound has tanked too. When I first moved to Canada from Britain I got $2.50 for every pound I brought over. Now if I were to move over I'd get $1.50.

As for the US Dollar... I always run my biz in US$ assuming that most of my customers are in the US and it is great to transfer it back into Canada and get more... now I'm not so sure.

I also remember when it was cheap to have a holiday in Australia. They were about $3 per GB Pound. Now they are a $1.60 per pound.... so its more expensive to holiday there... plus I hear they are having a crazy time with inflation... minimum wage is at $17 because of a construction boom.

Seems to me the disparity between countries is just levelling out... . this could be as a result of the new ease at which companies can do business internationally... Or.... hold on a minute.... for a while back in the 80s the various governments were rumbling about setting up a proper world bank with just one worldwide currency...

Maybe everything that is going on is just the various govs. setting the stage for the new world bank to come.... that would explain why everywhere seems to be achieving a weirdly coincidental level of parity...

I'm just saying... but it makes sense...

Cheers

Max

Step right up....

Now selling leather gear, canteens, small dogs, and batterys!

Recent photos of our merchandise:

Whenever I read news like this, I get a bad feeling. A friend of mine always drives into NYC and shops with his wife.

No way. That's crazy. If things keep going down hill we are going to crash.

BTW against the swiss franc:

Time period: 04/14/10 to 04/20/10.
Daily averages: 04/14/2010 1.05720000
04/15/2010 1.05290000
04/16/2010 1.05680000
04/17/2010 1.06010000
04/18/2010 1.06200000
04/19/2010 1.06210000
04/20/2010 1.06560000



Average (7 days): 1.05953
High: 1.06880
Low: 1.05050

1.05 is about $.95! In 1989, it was about 1.6, or about $.63! So the swiss franc has gone up about 50% in 21 years! Even 1% should be cause to worry!

File:CHF-USD 1989-.svg - Wikimedia Commons

By contrast, the CAD didn't start moving until about 2003

CAD/USD Currency Conversion Chart - Yahoo! Finance

CAN 1999=.646

NOT GOOD!

Steve

its happening again... *sigh*

Yesterday the Aussie dollar had a record high of 99.2 cents against the USD, and they expect it to pass the USD very soon.

BTW as for the dollar bouncing back, WHO KNOWS!?!?!? There is a rumor that people in the US WANT the US dollar to TANK, and they will replace it. REALLY, things are just RIDICULOUS!

Steve

Since most IM earnings are in US$, a tanking US$ is bad for everybody. But this could be especially serious this time as it could be the beginning of a global currency war.

Right now, the G7 and other major economies are piling up pressure on China to appreciate its currency. But as before, China would like to sit this out and let the G7 and other countries to fight each other out. This could turn very nasty.

BBC News - IMF chief's warning of currency war 'real threat'

George Soros warns China of global 'currency war' - Telegraph

Interesting, Soros accuses China of controlling the entire global currency system.

Derek

This is so scary! They just keep on spending and spending and the dollar continues to dive down hill. Do we even have a future. Yikes!

its official... as of today

There is a lot of other stuff going on at the same time as well. There is so much hot money around at the moment that financial markets are going haywire all over the world. Many emerging markets countires like Korea, Thailand and Brazil are intervening extensively to prevent their currencies from appreciating too fast. Likewise, stock markets in those countries are rising every day because of the influx of hot money. Gold has just achieved an all time high and the commodities markets are very volatile as well.

Our previous monetary chief said that he had never seen a situation when the world economies are not doing that well but asset prices keep on rising because of the abundance of hot money produced by the stimulus packages. He is worried that the whole situation may end up badly.

omg, i afraid it.

We are like all goats tied at the stake. We all know why & we all know what may be coming next.

History is about to have its final meal of human flesh.

It seems both Canada and Australia will have to wait a bit longer now for this to be permanent. Both currencies have been pushed down towards 0.97 after China has hiked its rates. Gold, oil and other commodities have fallen back as well.

here we go!