This may not be a friendly comment to you US guys but, sucked ^^^in. Now I can buy my first bass here downunder a little cheaper. Thankyou for that.
Enjoy the benefits of a premium membership!
Upgrade Account
-
TalkBass has been independent since 1998. Add your voice.
Create a free account to reply to discussions, view embedded media, and browse with fewer display ads.
Join free Log in
Want zero display ads or expanded classifieds tools? Compare plans.
What the hell happened the US DOLLAR?
- Thread starter amos
- Start date
I see that you've never ridden a cab in Toronto.....
At the end of the day, how your career pans out or how you turn out in life really depends on what you do with what you have and what you don't have.
Heck, my reason for going to university was my love of science. I love learning the physical workings of the world and wanted not only to further my knowledge, but my understanding, my technical abilities, to share knowledge and to be able to work in the sciences.
I could have furthered personal knowledge by reading books and not having gone to university, but the hands on approach in labs and research, discussions with others who are in the sciences and being able to work in the sciences all really required the education and qualifications.
I resent it a bit at times, but I think that's just the stress build up, hopefully that'll be done and dusted by this time next year
Musical_musings said:
I think it was Steve Martin who said that if you go to university to study geology, ten years later you can't remember anything you studied. If you study philosophy, you remember just enough to screw you up for the rest of your life.
I guess that just goes to show you how two people can just have two completely different life experiences
But to go into more detail in response to Greg...The thing with Greek life, in my experiences both as a participant and as someone who plays for fraternities on a fairly regular basis, is that most members of a fraternity often act like clones of one another. They dress the same, they listen to the same music, they often go through the same girls, they have the same worldly views, etc... I will admit this probably a gross exaggeration on my part, but by and large this seems to be a reoccurring thing. These people don't seem interested in hanging out with people who don't share these same views. As my friend and I were saying, people seem to want to have others around them to agree with them. YMMV.
She did, actually. She often dreamed of being one of the first people to go to Mars (fittingly enough, one of her favorite bands is 30 Seconds to Mars
). But one of her flaws as a person (and not to get too personal, but one of the reasons we ended up splitting up) is that she can be very arrogant and cocky at times. She thought she was deserving of an internship a summer or two ago, which she never got, and upon graduation she was expecting this high paying job to come knocking on her door, which, again, she never got. And while she never voiced this opinion outright, it really did seem like she was looking down on me for not pursuing a degree in a science.
It's just a personal beef I have with engineering students. A lot of them think they're deserving of a job just for showing up and getting a degree. I've never met an actual engineer who had this mindset, but I've met many students who do. It just bugs me, and I think the idea that just because you're an engineering student you're going to land an awesome job needs to stop.
Think positive guys, if the US wants to change its monetary police, it doesn't have to come to an agreement with 16 other countries
Soon enough it will have to come to an agreement with the rest of the globe, though.
Soon enough it will have to come to an agreement with the rest of the globe, though.
I believe it was Canada who has recently stopped producing pennies. They came to the conclusion that producing a 1 cent piece that costs 1.5 cents to make is not a smart choice for any country that's planning for any sort of longevity.
Similarly enough, the US's 1 cent piece also costs more to produce than its actual value is worth, and yet we continue to make them. Personally, if we're dumb enough to not see an issue here then I don't have much hope for us as a nation
Yes, they're phasing out the penny here, and not a moment too soon IMO! They could dump the nickel, too, honestly.
I did hear on the radio that the U.S. penny actual costs even more to produce, over two cents.
Yep, the USA nickel is also costing more then five cents to produce. If that isn't the definition of stupid, what is? Get rid of change altogether.
-Mike
-Mike
Yep, we're on the same page. There were one or two frats that were off the beaten path at Florida that seemed to be different and not too bad, but a lot of the others were clone-like. The worst of them were breeding grounds for ignorance and intolerance.
I believe it was Canada who has recently stopped producing pennies. They came to the conclusion that producing a 1 cent piece that costs 1.5 cents to make is not a smart choice for any country that's planning for any sort of longevity.
Similarly enough, the US's 1 cent piece also costs more to produce than its actual value is worth, and yet we continue to make them. Personally, if we're dumb enough to not see an issue here then I don't have much hope for us as a nation
I suspect the retail lobby is strongly opposed to this. They love their ".99" pricing.
I suspect the retail lobby is strongly opposed to this. They love their ".99" pricing.
You're probably right. Personally, I like the pricing of most bars I go to. A $4 beer means it costs just that - $4. There are no extra fees or taxes add on to it. It just costs what it costs.
I've never understood why it couldn't be that way for everything else. It'd make life a whole lot simpler... and possibly more expensive
I suspect the retail lobby is strongly opposed to this. They love their ".99" pricing.
The fact that the penny is the smallest available currency doesn't stop gasoline from being priced in fractions of pennies.
The same thing that's happening to most of the world's currencies: inflation.
An in-depth discussion on this subject would soon run afoul of TBOT's no politics rule.
Those who desire an improved understanding of how their respective country's system of currency and credit works can start by Googling...
debt money system
...an perusing some of the 171,000,000 search results.
Yep, something like 11 cents.
But you're missing the point. Copper and Nickel (and all other metals) are TOO volatile to just off the coins. In a year the bottom could fall out.
The dollar goes up. We import.
The dollar goes down. We export.
A weak dollar is NOT a bad thing. A strong dollar discourages foreign investment and discourages domestic production because other currencies can't stack up to the USD.
The dollar goes down. We export.
A weak dollar is NOT a bad thing. A strong dollar discourages foreign investment and discourages domestic production because other currencies can't stack up to the USD.
Even if coins cost more to make than their face value, they are still beneficial. They are basically a form of physical infrastructure for the economy. Of course it's still a reasonable matter of debate what the smallest denomination should be. The likely reasons for keeping the penny have been: 1) Avoiding the confusion of rounding to the nearest nickel, which might be hard for people who are math-averse; 2) Admitting that inflation has made the penny obsolete. One thing about coins is that they last a lot longer than paper bills.
Some of the electronic components that I buy are priced in 1/10 cent increments.
Some of the electronic components that I buy are priced in 1/10 cent increments.
There are other effects as well. One of the problems with inflation is that consumer prices tend to rise before wages do.
Inflation doesn't always mean consumer prices rise before wages do. Inflation means all prices rise equally (on paper). Supply and demand affects prices for certain products outside (in addition to or despite) of inflation.
For example: inflation may increase wages, gas prices, and corn as a whole equally.
However, during that time the corn crop may be poor. Corn rises. Oil prices may experience swell in supply. Oil price goes down. So even though inflation is occurring, the oil price is decreasing.
