I am so sick of seeing you people cry about the value of the dollar.
 

Please stop begging America for assitance to bail your country and economy out of trouble in the future. please stop using any and all resources we provide you to help you make it another day.

thanks in advance from an american. we dont want you sucking up our money.

thanks bye

Aww. You poor dullard. Here's a hug.*HUGGLEZ*

That's the problem... unlike other countries you don't have money to suck :1orglaugh

Pay your mortgage and work harder :winkwink::thumbsup

we do pay our mortgages, its the businesses that cant pay them and small companies.

my mortgage is paid up 4 months in advance always.

and yes we clearly do have the money to 'suck'. our reserve is more money than several countries put together

ok thanks for the heads up !

Prob them as well, but, the main element is home mortgages.

Very sensible man :thumbsup

Reserves based on what?? It would take approx the top ten asset-holding countries of the world to begin to cover the account deficit of the US. If you want to compare country account balances - check this, but have a double scotch first :)

Current Account Balances By Country

It's easy for you since you live in USA.For anyone outside exprirence huge losses beause of so low value of dollar.

Where might one find those same stats dating back 8 years? Or even before the Gulf War?

I'd be curious to see the difference.

Good idea - would be handy to see their old records on archive.

But na, think you would have to go thru country by country to get these now - but they will be "somewhere" on the net and the US Treasury Balance Sheets will show them (but, they still need calculating since they tend to leave items off the main front page stats and stuff them in note sections.)

If it's the US stats you are interested in, can remember the current account stats for about six years ago - the balance then was around -$600 trillion. The real balance now is just under/over -$900 trillion according to the financial press, but that's not set in stone.

Pffft... the CIA isn't a credible source. I'll wait for The Enquirer or Fox News to provide the real information. :glugglug

Sure.. inclined to take that with a pinch of salt Stuart :)

Last time I went thru the actually Treasury Balance Sheet was for 2005 and, on the front page, it looked not bad. There was an overall deficit, but nothing different to most other countries.

Then noticed all the small note appendices, so started wasting time wading thru them with a calculator. And shit... when you added up all the "real" balances - it was a horror story. If the modest deficit on the front page included all the items hidden in notes - the deficit was something in the region of $650+ trillion.

And... when you take the eg $890 trillion on the current account balance and add elements which are not included within the current account balance, the real debt is something like $1.2 trillion. This includes items owing to US citizens and other accounts due for an assortment of stuff like rebuilding navy yards etc.

It's all in the smoke and mirrors presentation :winkwink:

Are you saying other countries should stop importing products from the US?
Because that will fuck up the economy ever more.

You're stupid :1orglaugh

Ya, and that's totally how it works right? Hmmm.... I think the US would be in as much or more trouble right now if Canada pulled their trade support... oh... wait..... George Bush pissed the prime minister off ages ago so we do all new trade with China :P

im talking about all the money that we loan to other contries you morons.

US dollar won't recover for at least 2 years - mark my word

I only worry about it as it affects me directly......

Wouldnt mention or even think about it otherwise.

Maybe one day the US had money to lend to other nations, but nowadays all they do is borrow whatever other countries will lend them and then divide the money amongst a few rich and influential people / corporations and fuck everyone else. :helpme

and why do you think we are broke?

beause of all the leaches out there that take the money.

we were nice enough to bail half the world out, but when times are rough where are these countries we helped out?? oh yea, nowhere to be found.

go figure.

Dollar sucks, so do US and so do you. Thats all.


Holy shit ...

http://www.nationmaster.com/graph/ec...ccount-balance


:1orglaugh:1orglaugh:1orglaugh

LOL
Dude, Canada is the one being nice to the US, I think Canada should stop all water, electricity, Oil/Fuel, grains, and softwood from going to the US.
Canada Assists the US FAR FAR more then the US does anything for Canada.

What resources does the US export anyways? I mean besides arrogance.

I mean if Canada did stop all that from hitting the US it would totally fuck the Americans pretty good.

So as a Canadian, I have a right to bitch about your shitty dollar because you are sucking up Canada's resources.

I could not agree more :thumbsup

The United States has had public debt since its inception. Debts incurred during the American Revolutionary War and under the Articles of Confederation led to the first yearly reported value of $75,463,476.52 on January 1, 1791.

The US has only been at a 0 debt for a very short period off time during Adam Jackson's term.
According to Wikipedia that is...


Now why start lending out money when you have had a PERMANENT debt since your country started. Why not pay off your debt?. And why borrow any more to just fill up the other hole?

I think it's safe to say that with the US owing so much to so many.... the world owns the US, not the other way around :glugglug

So who are you to point fingers at these so called "leaches" while your country is fucking FOUNDED on a huge debt.

funny thread....

Problem is that world is getting owned by the US by not paying :1orglaugh

why kep begging for money from us?? we are too nice that is the whole probem

Too nice? :1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh

And again: by the very creation of the country you created a debt which only grew.
One could say that's a weird thing.

I think I'm going to start a bank that has a big debt right from the start. Ofcourse, I'll have loaned all the money to myself

are you saying that america isnt nice be lending half the world all our money? what would you clal it then besides sometihng sarcistic and ignorant?

id say it was really nice of us to bail allot of the world out of major trouble.

its time you guys help us out. but we all know that wont happen

troops ?????

It *is* nice. I'm just fucking with ya. And I was pointing out to a few wars in the last few decades and all the threatening the US is doing.


That's because of the aformentioned reasons: illegitemate wars and constant threatening. Fucking stupid world attitude. It agitates people. People don't help assholes.

LMAO this thread is amazing.

Yes, out of pure benevolence, not asking for interest, not forcing any country to privatise unimportant things like water supply

This thread delivers

Yes, sure ... Guatemala + Sudan + Iceland. Wow, that's impressive!

Seriously though, check the source of billions of those reserves ... You apparently have no idea how much foreign capital is in your country and what would happen if they pulled it out.

And I guess you missed the study on how the Iraq war is costing an average of $7k per household? Gee, where's that money coming from? ... By the time you and I perish from this earth the USA is going to be so far in debt and the answer? More foreign capital... Good luck with all that grandkids!

Go read up on it before you reply, at least you'll have a shot at an educated response.
:)

so our money is good, but our principles are not?

i gotcha

The world has a short term memory. :disgust

Over 80% of all exports out of Canada go to the US. The US is the largest foreign investor in Canada (over 70%). If Canada stopped exporting all their stuff to the US as you suggested, they would become a third world country overnight.

What my esteemed client wants you do do is FEED THYSELF!

http://www.bbc.co.uk/schools/gcsebit...sion/greed.jpg