OK, I'll look for nicely cooked elk meat the next time I'm in Montreal. :thumb:
The miserable US$ to C$ exchange rate
- Thread starter jackyo8193
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OK, I'll look for nicely cooked elk meat the next time I'm in Montreal. :thumb:
Very good article today in the Toronto Star which talks of the benefits of a low Canadian dollar and how a higher dollar hurt the overall economy a few years ago. It also explains why the low oil prices are responsible for the current state of the Canadian dollar:
Why Canadians should not fret over the low Canadian dollar
Why Canadians should not fret over the low Canadian dollar
With the US$ getting stronger, I'll be back in Montreal as soon as Life permits so I can dine on elk and DATY's -- probably not on the same day, as I'm not certain whether eating elk meat may make me unattractively smelly for the lovely SP's to perform DFK, BBBJ :lol::noidea: But I'm up for DATY anytime I see a lovely clean shaven Y that also smells sexy:eyebrows::cheer2::whoo:
That's why I play to visit the week of Feb.9-12th. Already booked flight, hotel, Habs game (well, 2 outta 3 ain't bad :smile: ) and researching the SPs the lovely city of Montreal has to offer. Fly back home for two days, then off to southern California for the rest of the month. Ain't life grand...
I would say stay longer in Montreal, especially since pundits are expecting the Bank of Canada to lower the interest rate by 25 basis point, which, if it comes to fruition, will likely result in US$1 vs. C$1.55 or worst for our Canadian friends.
You want to pay US$300 to US$500 to an American SP in SoCal? I'm not that wealthy. But I'll envy you for your generosity to spread your wealth.:thumb:
US$300 to US$500??? NOT!!! When I go to SoCal, its cheaper picking up the barista than the SP...and alot more fun
All the Cheap Asses are going to rejoice. It makes more sense for the Montreal escorts go go south. Charge the 300$ US and bring back $400 Canadian. I know many escorts already traveling to US states. Now it makes more sense than ever.
I'd gladly pay US$300 to traveling Quebecoise spinner near my hometown than pay a local at MP US$200! Please tour the states.
True but those spending a lot of money will rejoice as well. Do the math- when you change $440 US into Canadian money you automatically have a free escort for the night without spending anything. Any US hobbyist will look at this and say I get 3 for the price of 2. Woo hoooooooo!!!!!! Yeah baby!!!!!!!!!!!!! And then do a fist pump after the exchange.
Up to $1.46 today, a new high, but the US stock market off to a slow start today so we will see what happens.
Today's Bank of Canada's decision to hold the interest rate at .50% might abate the C$ fall some.
CBC Reports:
"The Bank of Canada today maintained its benchmark interest rate at 0.5 per cent.
The bank's rate is officially called the "target for the overnight rate." Technically, it only governs the rate that retail banks charge each other for short-term loans, but has a strong impact on the rates that Canadians get from their lending institutions when they save or borrow money.
. . . The bank opted to stand on the sideline in part because the Canadian economy, while struggling, is still showing signs of a slow rebound later this year. The bank expects Canada's economy to grow by 1.5 per cent this year and 2.5 per cent in 2017. "
Let's hope the Canadian economy strengthens, as we on Merb have friends and family in Canada.
CBC Reports:
"The Bank of Canada today maintained its benchmark interest rate at 0.5 per cent.
The bank's rate is officially called the "target for the overnight rate." Technically, it only governs the rate that retail banks charge each other for short-term loans, but has a strong impact on the rates that Canadians get from their lending institutions when they save or borrow money.
. . . The bank opted to stand on the sideline in part because the Canadian economy, while struggling, is still showing signs of a slow rebound later this year. The bank expects Canada's economy to grow by 1.5 per cent this year and 2.5 per cent in 2017. "
Let's hope the Canadian economy strengthens, as we on Merb have friends and family in Canada.
It's good to be the king (dollar)
2014 US trade deficit: 505 billion
source: http://billmoyers.com/2015/02/07/enormous-humongous-trade-deficits-widen-exposing-failed-policy/
2014 US budget deficit: 486 billion
source: http://www.reuters.com/article/us-usa-fiscal-idUSKCN0HX1L620141008
2014 US military spending: 596 billion
source: https://en.wikipedia.org/wiki/File:U.S._Federal_Spending_-_FY_2011.png
so if my understanding is correct:
- 505 billion dollars (net) left the US for actual goods/services
- these dollars need to be parked somewhere by foreign banks, i.e., US Treasury purchases
- US deficit spending is financed thru borrowing, i.e., US Treasury sales
- US military is financed primarily via deficit spending (about 80% in 2014)
maybe oversimplification but the general conclusion is that the rest of the world basically finances the US military, who in turn ensures that the rest of the world continues to accept US dollars for trade, which in turn finances the US military, etc... with anecdotal evidence that apparently any major opposition to US foreign military/monetary policy gets either Gaddafi'd (external) or Wellstone'd (internal) ensuring universal compliance, which leads to a curious possibility; the only dominant empire in the history of the world that has been stealthily financed externally via seemingly voluntary trade, and we (US) get the actual imported stuff as well. Pretty pretty pretty good scam in my book, until it ends at least.
2014 US trade deficit: 505 billion
source: http://billmoyers.com/2015/02/07/enormous-humongous-trade-deficits-widen-exposing-failed-policy/
2014 US budget deficit: 486 billion
source: http://www.reuters.com/article/us-usa-fiscal-idUSKCN0HX1L620141008
2014 US military spending: 596 billion
source: https://en.wikipedia.org/wiki/File:U.S._Federal_Spending_-_FY_2011.png
so if my understanding is correct:
- 505 billion dollars (net) left the US for actual goods/services
- these dollars need to be parked somewhere by foreign banks, i.e., US Treasury purchases
- US deficit spending is financed thru borrowing, i.e., US Treasury sales
- US military is financed primarily via deficit spending (about 80% in 2014)
maybe oversimplification but the general conclusion is that the rest of the world basically finances the US military, who in turn ensures that the rest of the world continues to accept US dollars for trade, which in turn finances the US military, etc... with anecdotal evidence that apparently any major opposition to US foreign military/monetary policy gets either Gaddafi'd (external) or Wellstone'd (internal) ensuring universal compliance, which leads to a curious possibility; the only dominant empire in the history of the world that has been stealthily financed externally via seemingly voluntary trade, and we (US) get the actual imported stuff as well. Pretty pretty pretty good scam in my book, until it ends at least.
Me thinks Janet Yellen and Stephen Poloz just scratch out GDP growth rates on each others yearly forecasts and predictions and go from there...
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