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Is the Canadian Dollar Any Safer than the USD?

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  • Fri, Nov 05, 2010 - 05:37am

    #11
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: 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

  • Sun, Dec 05, 2010 - 12:29am

    #12
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Is the Canadian Dollar Any Safer than the USD?

Bank of Canada and Gold.

Same path then US Finance !!!!!!!!  For friendship, Canada ready to dive.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/11/11_Bank_of_Canada_Governor_Rejects_Gold_as_Money.html

  • Sun, Dec 05, 2010 - 12:39am

    #13
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Is the Canadian Dollar Any Safer than the USD?

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.

Brian

  • Thu, Jan 26, 2017 - 12:46pm

    #14
    Puru rama

    Puru rama

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    There are numerous reasons

There are numerous reasons why the Canadian dollar will not survive a US dollar collapse:

  • The Canadian economy is very tied to the US economy
  • The Canadian Government is intent on devaluing the Canadian dollar alongside the US
  • The Bank of Canada has virtually no gold backing the Canadian dollar
  • All that does back the Canadian dollar is the US dollar and other fiat currencies
  • The Canadian dollar is not used globally
  •  
 
So why is the dollar doing so well?
 
The main reason is the U.S. economy is doing better — not necessarily better compared to its own historical performance, but better compared to everyone else these days. And when the economy is doing (at least relatively) well, that makes it an attractive investment opportunity: Putting money into U.S. ventures and business is more likely to earn you a better return. But to invest in the U.S. economy you need U.S. dollars. So demand for U.S. dollars goes up relative to other currencies, and the U.S. dollar gets stronger.
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