/sci/ - Science & Math

this is not good....

>>2917852

Retard.

...so? Devaluation of a currency isn't necessarily bad.

Fuck, why?

>1 Australian dollar = 1.0659 U.S. dollars
Five cent shift in a week? That can't be good.

Glad you found a time to demonstrate your ignorance.

JK - THE SKY IS FALLING!!!!!

ITT: retards who think inflation will end the world, rather than accompany growth if used right

BRIC countries are already lending money to each other in their own currencies instead of the USD.

The US is on the edge of a cliff. All it takes is everyone switching from the US dollar, and HELLOOOO ECONOMIC COLLAPSE.

>>2918023

Fuck yeah Australia!

>>2918046
Meh.

Well shit, the group I'm following predicted this happening around this time.

Canada best not be buttfucked by this.

>>2918056
Too closely tied with the US, it will be at the very least, negatively effected.

If the US economy collapses, the Canadian economy might go with it. Especially as both economies are very similar. Luckily, material exports and resources still make up a significant fraction of Canada's GDP. There may be a saving grace in that.

I long ago converted all my savings into jewgolds, so I don't care.

>>2918069
You actually bought into that BUY GOLD shit? STILL?

>>2918073
Well, so far I've made a profit of 18% relative to holding currency, so I'd say I'm doing pretty well with "that [...] shit."

>>2918076

You should probably sell it soon... There has never been enough gold to circulate the amount people have bought into. The biggest investors in gold are cashing out, if you dont soon you'll get left behind.

http://www.zerohedge.com/article/golden-tipping-point-university-texas-takes-delivery-1-billion-phys
ical-gold?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+zerohedge/feed+%28zero+he
dge+-+on+a+long+enough+timeline,+the+survival+rate+for+everyone+drops+to+zero%29

>>2918076
Well I'd say don't keep it like that for too long. Eventually there will be a 'bust.'

>>2918056
>>2918065
What Canada needs to do is open up free trade agreements with more of South American and Europe. Negotiations are already underway, but they need to stop being underway pretty soon, and start being concluded.

Regardless of that though, there's still a secret weapon that would save the currently collapsing service economies: Abandonment of the service economy. Go back to manufacturing.

Can't compete with China? Automate.

Robotic factories and transportation is the only way for western countries to compete with the cheap human labor in China.

I've heard the euro will collapse before the USD.

And once the euro collapsed, the USD has about 2 weeks

>>2918088
>Can't compete with China? Automate.

>Robotic factories and transportation is the only way for western countries to compete with the cheap human labor in China.

All according to keikaku.

>>2918082
My precious metals (mostly gold as mentioned, but also some silver) are in the form of bullion coin. I'm not concerned with such a forex contract problem, and in fact it would only increase the value of the underlying by promoting its scarcity.

>>2918092
That might work if robotics got paid and used that money on the economy

>>2918100
How about robots don't get paid, get maintained, automate nearly everything and then give everyone that's unemployed a very livable wage, with some scaling in relation to how much education they've completed or the work that they do in their free time?

>>2918110

I doubt that will fly... Conservatives will throw a fit.

>>2918122
Then we will finally see the formation of the United States of Canada and Jesusland.

>>2918100
yeh, it'd require increased taxes on the corporations involved in the automated production of goods.

Although... Canada has a LOT of "crown corporations" so it really would not be a stretch for them to do this for automated factories/companies.

Government controlled manufacturing and production has its own issues though.

>>2918122
I don't even think that would hurt the economy... If anything, it would only improve it. Greater purchasing power among the population. The "losers" would be the companies and CEO's in the automated industries being taxed heavily. While the "winners" would be the average person and everyone else who gets the money they spend.

The biggest problem I can see would be stores and such raising their prices simply because people are better able to afford those higher prices. Even in spite of getting their manufactured goods straight from local suppliers at even cheaper prices than previously.

>>2918127

Although I would welcome that... It would be detrimental to have that kind of schism take place.... There also wouldnt be much change, there will still be tons of corruption, More so in jesusland though.

>>2918131

Right... these CEO's and corporations dont have lobbying firms that will prevent anything like this from happening... Who you trying to kid?

Not to mention they (CEO's) are paying the least amount of taxes in decades while simultaneously gaining the largest profits recorded.... Their limit truly knows no bounds, greed has taken its biggest foot hold in the U.S. and if it breaks down it ultimately deserves it.

>>2918143
http://www.timesonline.co.uk/tol/money/tax/article1996735.ece

>>2918143
I am speaking of Canada though.

That is why I mentioned the crown corporations specifically. There is less resistance against nationalizing corporations in Canada, and the culture itself is far more accepting of socialist policies like a guaranteed income bill.

I think the greatest resistance would come only from the Conservative party, and if they lose the upcoming election, then the likelyhood of them being able to influence much of anything in this regard is next to nil.

>>2918110
those holes, my god

>>2918151

Yeah i read that one, I got another one for ya;

http://www.myliferoi.com/2009/10/how-much-do-the-wealthy-really-pay-in-taxes/

>>2918155

I thought you were talking about the U.S. - I apologize.

I thought we were going to talk about financial markets :(

>>2918202

We can if you want... Im kinda sleepy though =\ - Im sure Inurdaes will entertain you xD lol

>>2918205
>Im sure Inurdaes will entertain you xD lol
Unsure how to take that
I'm not an economics guy.

>>2918205
Greece CDS spreads are increasing again :/

>>2918090

The EUR is a much stronger currency than the USD at the moment.

>>2918205


edin is not an economist. he is a 16 year old australian who is obsessed with america.

i think he has already been banned from /sci/. i'll start reporting all his politics shit again. hopefully he'll get banned again.

>>2918243
Seconding, the US dollar is in danger of being abandoned as the world reserve currency.

It's a danger the EUR doesn't have to contend with.

>>2918245
haha, buttdevastated much?

>>2918247
Really? Given sovereign debt crises in the Eurozone over the past year or so, and some prominent figures in better-off countries (Germany) complaining about fellow members' fiscal prudency, I'd say that the euro isn't very stable atm.

*imprudence

Gold isn't doing well. Buy silver, it's heading up, has actual industrial and chemical use, and for now has a fairly inelastic supply with what seems like a future increase in demand.

>>2918082
Maybe I misunderstand futures but doesn't this just mean the idiots who shorted gold will just have to keep buying it back 100 times until all debts are repaid?

>>2918272
Are you by any chance purchasing it as a hedge against inflation?

>>2918284
If that's all it did I'd be fairly disappointed

>>2918281
The assumption being an increase or decrease in the price of gold?

>>2918306
So... as an investment? Silver prices somewhat correlate to gold prices.

>>2918318
And my question was based on your reasons for buying silver:

>has actual industrial and chemical use, and for now has a fairly inelastic supply with what seems like a future increase in demand.

Quite similar rationale as gold bulls in that the asset is a store of value and in constant demand. However, I don't see how inflexibility is favorable, as lower daily turnover => illiquid markets.

>>2918263

It's stabalising. They're putting in measures to not allow borrowing of currency over a certain percent of a country's own GDP I believe.

where can I buy helium notes?

>>2918374

That's not really solving the actual problem, but I do hear of there being reforms. Still, debt needs to be restructured, and it'll be years before stability is brought to the eurozone.

>>2918376
Have you tried the energy markets?

I could see Europe abandoning the Euro altogether and going back to their own currency.
Atleast germany would be better off.

>>2918226
but you're STILL a huge hipster faggot who trolls like the worst of them
>You actually bought into that BUY GOLD shit? STILL?

MOMENTS LATER

>Well I'd say don't keep it like that for too long. Eventually there will be a 'bust.'

I don't really know who the fuck you are but I'm not even sure I can imagine what other trash you've put out there and then later tried to retract that I haven't see.

It's people like you that make me think freedom of speech should be appealed but you'd actually probably want that. Hence, HIPster faggot, like HIPPIE faggot who's full of shit and spit. That and reaction images.