scram, on Thursday, September 20th, 2007, 10:46 AM, said:
LOL!People who haven't graduated from 7th grade economics class.The value of a currency is based on a lot of things. For example, the Kuwaiti Dinar is valued higher than the US Dollar. A large part of the reason the US dollar is facing some devaluation has to do with extremely complex economic factors that probably wouldn't be understood by people who say stuff like Serge just did.Still, even if the US dollar were to find itself worth LESS than the Canadian dollar, it wouldn't change the fact that we're a massively more productive, innovative and important nation when compared to Canada, who could fall off the face of the earth and no one would really notice.We are "arrogant" for the same reason any winner is arrogant. And like losers, they are quick to point out any unfavorable circumstance that occurs with the winner because it makes their own irrelevancy and failure sting just a little less (like those shows in Europe where they do "man on the street" segments, asking the dumbest possible Americans simple geography and civics questions as if to show just how "dumb" Americans are. We could certainly do the same sort of show, asking dumb Canadians or Europeans simple questions and then showing the morons, but Americans wouldn't watch it, because we don't care about you)
though it is this exact ignorance that 'forces' an economically-horrific half-point drop in rates. the constant fear of dropping from the all-powerful height of the world is the reason the US is being overtaken by many countries in many important areas at an unheard-of rate historically.No one argued that Canada is more important to the international economy than the US, and yet that's what you argued. One could make the argument that, for its size, Canada's economic performance is better than the US' (currently), but that'd be a silly argument to try and make, considering their lack of comparability.The Canadian dollar is somewhat strong right now, but not nearly as much as the US dollar is weak. It is weak due to a complete lack of confidence in both the US and international confidence in the US' continued international dominance, and the safety of its currency. Americans would do well to ignore whiners like me and serge comparing it to our own incomparable currency, and wonder why their government is reacting to short-term fluctuations by instituting policies that will likely deepen recessionary periods and cause severe long-term damage to growth.
Long signatures are really annoying.