GolfHos
 
*
June 06, 2020, 12:14:28 AM
Username: Password: Duration:

Another problem with the weak dollar:

 
Pages: [1]   Go Down
  Print  
Author Topic: Another problem with the weak dollar:  (Read 1234 times)
0 Members and 1 Lurker/Spider are viewing this topic.
MFAWG
Rich Corinthian Leather Jacket

Karma: 31
Posts: 5720
Offline Offline


View ProfileIgnore this user
Another problem with the weak dollar:
« on: November 14, 2007, 02:40:22 PM »

http://blog.foreignpolicy.com/node/7030

Quote
According to this story from The Missoulian newspaper in Montana, the U.S. dollar's decline relative to the Canadian "loonie" is totally harshing the mellow of British Columbia's marijuana growers.

While production costs for potent "B.C. bud" remain at around $2,000 Canadian per pound, the value of the American dollar has fallen to about $1.10 Canadian due to record public debt and the rise of India and China. This means that the backpacks of cash that regularly cross the Canadian border to buy pot have declined in purchasing power and its no longer worth the risks and costs for many smugglers. This is bad news for Canadian growers, who ship about 90 percent of their crop to the United States, as well as for their customers in the United States, who now have to pay a lot more or buy elsewhere. No wonder rappers are now flashing euros.

With the value of cross-border trade diminishing much faster than the risks from American authorities, a kind of ganja nationalism may be developing in British Columbia, where growing pot has been virtually legalized for some time. Alan Middlemiss, owner of the Holy-Smoke Culture Shop and Psyche-Deli in Nelson, B.C. sounds like some strange mix of the Dude from "The Big Lebowski" and Evo Morales:

We have a motto around here, and it's called Canadian pot for Canadian lungs," Middlemiss said. "We don't need the DEA blowback. We've got DEA helicopters over our gardens, and all this DEA money out of Washington being spent up in Vancouver. It's nuts."

But the big winners from all this are Mexican marijuana growers, who will likely step in to fill the gap (the peso is struggling as well), and Econ 101 professors at U.S. liberal arts colleges, whose students will soon be clamoring for answers.

Last bastion of unrestricted Free Market capitalism, for the most part unsullied by monolithic predatory free market entities on the supply side.

Simple economics: Supply good, price down, supply bad, price up. Better product, charge more.

 If it dries out, I'll check the local market trends around the pool, where there's a wealth of knowledge... Roll Eyes

Logged Return to Top

The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life. -- Teddy Roosevelt
Walfredo
Straitjacket

Karma: 18
Posts: 2013
Offline Offline

Paintin the town brown

View ProfileIgnore this user
Re: Another problem with the weak dollar:
« Reply #1 on: November 14, 2007, 02:49:52 PM »

We never saw much BC bud anyways around here.  And if we did it would be damned expensive. 
Logged Return to Top

For hither not, I am the stallion.
Come fear, come love, I am the stallion.
You know that I am the stallion, mang.
I am, I am the stallion, mang.
You know that I am the stallion, mang.
I live, I walk, I am the stallion, mang.
Pages: [1]   Return to Top
  Print  
 
Jump to:  

Related Posts
DAL-NO NFL Spoilers
moribund?jeeeez.  weak al, weak.
by Aske

[SPOILERS] Fire Mike Tomlin!
dammit woodley, if you are going to get a PF RTP call, at least make it really c
by Aske

the new dollar
WTH?  There was a George Washington dollar coin?  There was a Thomas J
by fisherking

the new dollar
Marge:  [i]"It's a Sacajawea dollar.  See?  You can
by stroh

 


 
  Powered by SMF | SMF © 2001-2009, Lewis Media

Dilber MC Theme by HarzeM