Is the Canadian Dollar Any Safer than the USD?
Is the Canadian Dollar any safer than the USD? of course not, Canada is just a small tugboat attached to the US oversized sinking ship. One would think after the first bailout not helping the least bit why a second would do any better. As far as bad mortgages go. You dont see it on the news that another 400 mortgage defaults today up from the 350 yesterday comes across the screen. NO, its all GREENSHOOTS. Try and explain that to the 8.5% of canadians who are on employment insurance trying to cover their 40 year CMHC mortgages they all got with zero down. One can only wonder just how bad it can really get…. got gold? I bet if PM Harper where to tell everyone where all F**ked unless you have gold bullion under your bed there would be people running.. Government alright.. Tell you what you want to hear, not what you need to be told.. Crash course Canadian Edition? excellent idea
Bank of Canada and Gold.
Same path then US Finance !!!!!!!! For friendship, Canada ready to dive.
Dr. Martenson made the remark in one of his blogs about a year ago, that all currencies are skydivers. Having, said that, he said that he felt the Can dollar was one of the better currencies. I wonder what he would say today. I drove up to Canada and opened a bank account in Canada just as a hedge for me. But then again, the wise Homer Simpson once said, Canada is just America Jr.