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Our currency and that of Canada is now equal in value
Message
Information générale
Forum:
Finances
Catégorie:
Capital
Divers
Thread ID:
01255918
Message ID:
01255939
Vues:
14
>Perhaps we should devalue our currency to be equal to Mexico. That would be a factor of 8 to10 as it fluctuates often. Canada could do the same. Then it would be simple to buy anything between the United States, Mexico and Canada.
>
>There is a tour that you can take to Tecate, Mexico, by train from San Diego. It is a very friendly town with some very nice people. One of the places the tour takes you to is a Mexican bakery. So many goodies! The sign over some really interesting cookies was $6.50 each. It really cost 65 cents in US currency, but it did get my attention! I like good cookies but $6.50? :)

First time I visited Italy I was in a market and was aghast at the price of some things, like £2500 for a pair of shoes. Then I realised they used the same sign as us for the lira! :-) (after all it WAS the Romans who intro'd our old currency)

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>
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>>>The value of the dollar fell and is now equal in value to the Canadian dollar for the first time since November 1976.
>>>
>>>
>>>I can recall Nixon devaluating the dollar and the explanation that went along with it.
>>>
>>>A short history of devaluation of the dollar:
>>>
>>>• In 1934 FDR devalued the dollar by 41%.
>>>• In 1971 Nixon devalued the dollar by 7.9%.
>>>• In 1973 Nixon devalued the dollar by 10%.
>>>Nixon said he devalued the dollar to make us more competitive with other manufacturing nations. A cheaper dollar meant that more countries could afford to buy goods manufactured in the United States.
>>>
>>>Devaluation for whatever reason is a two edge sword. It also makes it more expensive for the United States to purchase anything beyond our borders. Since little is manufactured in this country we can expect a greater deficit with China, the cost of foreign travel to be greater and so on.
>>>
>>>
>>>http://cbs5.com/national/local_story_264021408.html
>>>
>>>At any rate have a good Friday! :)
>>
>>
>>Before I was born the dollar used to be worth about £0.25, such that the 2s/6d (2 shillings and sixpence) coin - called "half a crown" used to be nicj=knamed a "dollar".
>>
>>I can remember the £ devaluing vs the $ over the years and in the 90s at one point they nearly reached unity.
>>At the moment it's c $2 vs £1, both US and Can. Strange!
- Whoever said that women are the weaker sex never tried to wrest the bedclothes off one in the middle of the night
- Worry is the interest you pay, in advance, for a loan that you may never need to take out.
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