andrewducker: (pickup lines)
andrewducker ([personal profile] andrewducker) wrote2007-11-12 08:20 am

How you can tell when your economy is fucked

Generally speaking, it's when people stop accepting your currency.

Which means the news last week that Gisele Bündchen now only works for euros was interesting.

But in many ways not as interesting as discovering that rappers are also moving ot the Euro.

(cheers to [livejournal.com profile] brad for the second link)

[identity profile] theweaselking.livejournal.com 2007-11-12 03:44 pm (UTC)(link)
Uh, yeah. In 1999, the price in Canadian dollars on books was about on par with the price in US dollars, after conversion.

Right now, you're paying 30% more Canadian dollars than US dollars for the same books, and US dollars aren't worth the paper they're printed on. It's essentially a 50% price penalty for wanting to buy in a brick-and-mortar store rather than buy online and ship it.

(PS: Buying online from Europe and shipping overseas: not as cheap as the US, still cheaper than paying Canadian, and doesn't put money into the currently-starving economy of a terrorist-supporting country run by repugnant shitheads. What's not to love?)