Welcome to Junk Jack Forum!  

• We need your support! 


The "Death of the Canadian Dollar" thread

Everything unrelated to Junk Jack goes here
  • Author
  • Message

qazedc1212

Offline

User avatar
  • Posts: 2355
  • Joined: Fri Nov 08, 2013 3:35 pm
  • Location: Canadeh

The "Death of the Canadian Dollar" thread

PostSat Jan 16, 2016 11:40 pm

So, the Canadian dollar has hit a new low, fun :asd:

1 CAD = 0.69 USD
Regards, qazedc.

Find me:
YouTube | Website | Twitter

Mudkip45

Offline

User avatar
  • Posts: 671
  • Joined: Wed Nov 05, 2014 9:29 pm
  • Location: LA or something… :x

Re: The "Death of the Canadian Dollar" thread

PostSun Jan 17, 2016 12:53 am

The Mexican peso has also hit an all-time low. In fact, it's even lower than the Canadian dollar's exchange rate:

1 MXN = 0.055 USD
1 USD = 18.27 MXN
Someone has sumstuff somewhere and stuffs it in stuff with something…
Junk Jack for Android: OUT NOW!!!

Stuff:
Crowdin: Mudkippz
GameCenter: StevenRamos438…wait, is this still even a thing?
DragCave: aMudkip

No draggin eggz! Click on nothing…or not

VengefulMaul

Offline

User avatar
  • Posts: 734
  • Joined: Mon Jan 13, 2014 7:07 am
  • Location: Australia, vic

Re: The "Death of the Canadian Dollar" thread

PostSun Jan 17, 2016 3:09 am

Australian dollar is the same as the Canadian dollar.
1 AUD = 0.69 USD

So 1 AUD = 1 CAD
Image

KaitB

Offline

User avatar
  • Posts: 59
  • Joined: Mon Jan 13, 2014 3:32 am
  • Location: Canada, eh

Re: The "Death of the Canadian Dollar" thread

PostSun Jan 17, 2016 8:27 am

i cri evrytiem :(

Multipackwolf

Offline

User avatar
  • Posts: 24097
  • Joined: Sun Dec 18, 2011 2:58 pm
  • Location: Grinding my way through MMO's.

Re: The "Death of the Canadian Dollar" thread

PostSun Jan 17, 2016 1:12 pm

I blame my crappy government for us aussies with a bad conversion rate.
I remember when 1AUD = 0.88US
Steam | Discord - Multarix#1337
Warframe | Hammerhead of <Space Shark Incorporated> | Multarix
Black Desert (NA, UNO) | GM of <Aggro> | Indus
Revelation Online (NA, Snowpine) | Chairperson of <Skywhale> | RNGesus

qazedc1212

Offline

User avatar
  • Posts: 2355
  • Joined: Fri Nov 08, 2013 3:35 pm
  • Location: Canadeh

Re: The "Death of the Canadian Dollar" thread

PostSun Jan 17, 2016 7:12 pm

Multipackwolf wrote:I blame my crappy government for us aussies with a bad conversion rate.
I remember when 1AUD = 0.88US

I remember when 1CAD = 1.03 USD good times 2012 were
Regards, qazedc.

Find me:
YouTube | Website | Twitter

TwelveFoot

Offline

User avatar
  • Posts: 16307
  • Joined: Sun Nov 27, 2011 6:36 pm
  • Location: Ohio, USA

Re: The "Death of the Canadian Dollar" thread

PostSun Jan 24, 2016 3:31 am

I'm confused by the fact that our money (USD) is relatively high...

http://www.usdebtclock.org/
1. Junk-Jack-Wiki
2. The world is big, 256 blocks high and 768 across.
3. Who is John Galt?
4. Lack of objection does not indicate consent.
5. We scream, we shout, we wail, we cry; but in the end we all must die.

Multipackwolf

Offline

User avatar
  • Posts: 24097
  • Joined: Sun Dec 18, 2011 2:58 pm
  • Location: Grinding my way through MMO's.

Re: The "Death of the Canadian Dollar" thread

PostSun Jan 24, 2016 4:06 am

Your debt makes everyone elses currency go down. I don't understand how that works.
Steam | Discord - Multarix#1337
Warframe | Hammerhead of <Space Shark Incorporated> | Multarix
Black Desert (NA, UNO) | GM of <Aggro> | Indus
Revelation Online (NA, Snowpine) | Chairperson of <Skywhale> | RNGesus

p1nkbr0

Offline

User avatar
  • Posts: 17043
  • Joined: Thu Dec 29, 2011 8:38 pm

Re: The "Death of the Canadian Dollar" thread

PostFri Jan 29, 2016 4:28 am

Multipackwolf wrote:Your debt makes everyone elses currency go down. I don't understand how that works.

It's quite simple.

America is in debt. Lots of people owe money to america. America also owes a lot of money to other people... Especially China. China is also in a lot of debt. Who do they owe money to? idk. But there's a rather large circle of debt going around, which, in economic terms, is not good.
Intel i7 6700k, GTX 1080 FE, 16GB DDR4 RAM
Playing too much Junk Jack :B
Steam | Spotify

Multipackwolf

Offline

User avatar
  • Posts: 24097
  • Joined: Sun Dec 18, 2011 2:58 pm
  • Location: Grinding my way through MMO's.

Re: The "Death of the Canadian Dollar" thread

PostFri Jan 29, 2016 8:48 am

I think with the fact America has the highest debt of all the countries, it would make more sense that their currency would go down.

Maybe every other country should loan money from America and then we'll have equal monies.
Steam | Discord - Multarix#1337
Warframe | Hammerhead of <Space Shark Incorporated> | Multarix
Black Desert (NA, UNO) | GM of <Aggro> | Indus
Revelation Online (NA, Snowpine) | Chairperson of <Skywhale> | RNGesus

p1nkbr0

Offline

User avatar
  • Posts: 17043
  • Joined: Thu Dec 29, 2011 8:38 pm

Re: The "Death of the Canadian Dollar" thread

PostSat Jan 30, 2016 2:00 am

Multipackwolf wrote:I think with the fact America has the highest debt of all the countries, it would make more sense that their currency would go down.

Maybe every other country should loan money from America and then we'll have equal monies.


Equal monies is no fun. Just like equal pay is no fun. It's not fun to get the same as everybody else because then there is no reason to succeed! Not good! =(
Intel i7 6700k, GTX 1080 FE, 16GB DDR4 RAM
Playing too much Junk Jack :B
Steam | Spotify

Multipackwolf

Offline

User avatar
  • Posts: 24097
  • Joined: Sun Dec 18, 2011 2:58 pm
  • Location: Grinding my way through MMO's.

Re: The "Death of the Canadian Dollar" thread

PostSat Jan 30, 2016 7:46 am

Getting paid equal monies is bad yes, but having a 1:1 currency exchange rate would benefit a lot more countries then it would hurt.
Steam | Discord - Multarix#1337
Warframe | Hammerhead of <Space Shark Incorporated> | Multarix
Black Desert (NA, UNO) | GM of <Aggro> | Indus
Revelation Online (NA, Snowpine) | Chairperson of <Skywhale> | RNGesus

p1nkbr0

Offline

User avatar
  • Posts: 17043
  • Joined: Thu Dec 29, 2011 8:38 pm

Re: The "Death of the Canadian Dollar" thread

PostSat Jan 30, 2016 8:48 am

Multipackwolf wrote:Getting paid equal monies is bad yes, but having a 1:1 currency exchange rate would benefit a lot more countries then it would hurt.

Good intentions, but more trouble than it's worth at this point! =)
Intel i7 6700k, GTX 1080 FE, 16GB DDR4 RAM
Playing too much Junk Jack :B
Steam | Spotify

Runo Spitfire

Offline

User avatar
  • Posts: 274
  • Joined: Fri Jan 24, 2014 11:06 pm
  • Location: Somewhere over the rainbow.Way up high.

Re: The "Death of the Canadian Dollar" thread

PostSat Jan 30, 2016 10:12 pm

If a currency goes down, it's because people are losing confidence in that currency. Conversely when a currency "goes up" it's because people have a lot of confidence in it. The reason the American dollar is doing great despite the US huge debt is because people have a lot of confidence in it. The reason why is because America has never defaulted on its debts so people assume that no matter how big, the US will repay its debts. When you default from your debt your national assets get frozen and you suffer from hyperinflation. This is the case in Argentina and Zimbabwe where the currencies are worth peanuts because investors have lost faith in them. By contrast the US dollar is the currency most used for international transactions between states or between individual actors. It is technically the "world currency" and as p1nkbr0 pointed out, when the dollar totally collapse there will be a worldwide economic crisis due to the web of debts among all major states. This web of debt is the reason Greece was not allowed to default on its debts and exit the European Union. Greece owes so much money that if it defaults on its debts, other European economies will be hit and the euro will plummet. The same goes for China and the US. I think the most trustworthy currency in the world today at this point, is the British £ but if you have any gold bars then you're all set. :)
"Whoever fights monsters should see to it that in the process he does not become a monster. And if you gaze long enough into an abyss, the abyss will gaze back into you." (Friedrich Nietzsche)

p1nkbr0

Offline

User avatar
  • Posts: 17043
  • Joined: Thu Dec 29, 2011 8:38 pm

Re: The "Death of the Canadian Dollar" thread

PostSat Jan 30, 2016 11:03 pm

Runo Spitfire wrote:If a currency goes down, it's because people are losing confidence in that currency. Conversely when a currency "goes up" it's because people have a lot of confidence in it. The reason the American dollar is doing great despite the US huge debt is because people have a lot of confidence in it. The reason why is because America has never defaulted on its debts so people assume that no matter how big, the US will repay its debts. When you default from your debt your national assets get frozen and you suffer from hyperinflation. This is the case in Argentina and Zimbabwe where the currencies are worth peanuts because investors have lost faith in them. By contrast the US dollar is the currency most used for international transactions between states or between individual actors. It is technically the "world currency" and as p1nkbr0 pointed out, when the dollar totally collapse there will be a worldwide economic crisis due to the web of debts among all major states. This web of debt is the reason Greece was not allowed to default on its debts and exit the European Union. Greece owes so much money that if it defaults on its debts, other European economies will be hit and the euro will plummet. The same goes for China and the US. I think the most trustworthy currency in the world today at this point, is the British £ but if you have any gold bars then you're all set. :)

^ Thank you for explaining what I couldn't at 12am last night! =)
Intel i7 6700k, GTX 1080 FE, 16GB DDR4 RAM
Playing too much Junk Jack :B
Steam | Spotify
Next

Return to Chit-Chat

Who is online

Users browsing this forum: No registered users and 3 guests