Canadian Dollar Is Going To Soar
Some economists say it's currently undervalued. Oil prices are up, so are metals and agricultural products. As rising commodity prices lift the dollar, the loonie's high value pushes down manufacturing output and exports. All of this spells good news for Alberta and Saskatchewan but terrible news for Ontario and Quebec where manufacturing will continue to decline.
London Free Press
Actually it's bad news for everybody because the only way to maintain our current trade surplus with the U.S. is for us to debase our currency to keep in a trading range with the Greenback.
Expect lower interest rates, massive monetary expansion, higher inflation. The U.S. is heading for a currency crisis not unlike Argentina a decade ago and our leaders,(official butt monkeys to Bush) and Carney (butt monkey to Goldman Sachs) will attempt to destroy our currency in a bid to keep market share and manufacture a crisis that will make a unified NA currency look like a good idea.
Amero here we come!
Save youself and buy some gold.
Posted by
Carter Apps, dabbler of stuff |
12:26 pm, May 24, 2008
Base it on the Euro.
Posted by
Anonymous |
12:38 am, May 25, 2008
I`d rather fort up with Canadians than I would with the United Nations. ROFL
Posted by
benjamin |
9:44 pm, May 26, 2008