CAD to USD

[NoRomanBatmansAllowed]

'nuff said...

 

[rf9661]

I cry when I see this! ( I live in the US ! )

[AshleyAshes]

I don't get it. Infact this value is Higher than it was some months ago.  Why are you complaining about it?

[Charger]

I feel like not nearly enough was said because I don't know what you are trying to say.

[Gale]

5 hours ago, AshleyAshes said:

I don't get it. Infact this value is Higher than it was some months ago.  Why are you complaining about it?

Are you sure he's complaining? He just typed "'nuff said" instead of explaining himself. I have no idea what he's trying to tell us here.

[Unimportant]

You'd do well to realise you're comparing one useless paper currency versus another, compare to REAL things - the first step in truly opening your eyes to true investing.

 

What if the USD loses 99% of its value and CAD loses only 90% - the CAD/USD exchange rate would go to the moon - but a bread would still cost 100 CAD...

 

It'll also reveal to you how many ppl THINK they made a profit while they really lost their shirt. In my country the price of houses tripled the last 15 years. Many homeowners think they made huge profits, but all those price rises reflect is the loss of purchasing power in our currency. For the price of the house 15 years ago you could buy more commodities, real things, then you can for the price you get for that house now. So the price went up, but the value dropped, all hidden in the mist of paper money.

 

It also reveals what nonsense capital gains taxes are. Many socialists want these kinds of taxes for `fairness` but under a paper money regime they are all but fair and in fact pure evil. How can you determine `gains` using a arbitrary numeraire? To illustrate the point, imagine buying a pencil for 1 CAD. Now your central banker prints trillions of CAD and crushes the currency. The price of the pencil is now 100 000 CAD. Not because pencils became more valuable or rare, but because the purely fiat paper currency was devalued by the powers that be (government and their central banking arm) - Could you please pay capital gains tax on the 99 999 CAD you made ?  - See what utter nonsense this is ? Of course this is an exaggeration to prove the point. Yet people swallow it each and every day - mindboggling.