Our Loonie falls...again - our dollar is the worst performing currency this year

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OpposingDigit

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Aug 27, 2017
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When America lowered its corporate tax, Canada deliberately allowed the Canadian Dollar to decrease in value in order to compete.

And, not to worry, the complete Western economy is going to get a real big shake on March 25th when China opens up its Oil - Gold backed Yuan exchange.

The end is near:

Prior to WWII, there were 6 empires in the world. Immediately after WWII 100 new sovereign nations came into existence.

If U.S. collapses as an empire in 2030, it would of lasted 85 years.

The Soviet Union was from 1917-1990, 53 years.

Germany controlled the European Continent for 6 years.

Japan, at its peak had the worlds biggest empire in terms of population because it controlled most of China. It only lasted 2 and a half years.

British empire from 1815 Waterloo through 1914 and the start of World war I lasted 99 years.
 
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OpposingDigit

Electoral Member
Aug 27, 2017
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Hi! Durry

I never said that it was the only role for the Bank of Canada. But, it is always an option for them and it has deliberately chosen not to.
 
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Durry

Durry

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OpposingDigit said:
Hi! Durry


I never said that it was the only role for the Bank of Canada. But, it is always an option for them and it has deliberately chosen not to.
Click to expand...

It has chosen not to do so for a variety or reasons, to suggest it didn't raise the rates by only looking at the US tax rate is just false reasoning.
 
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OpposingDigit

Electoral Member
Aug 27, 2017
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Give me another reason why the Bank of Canada has not stepped in to stop the devaluation and allow it to slide?
 
Twin_Moose

Twin_Moose

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Apr 17, 2017
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After the fall of 2015 the Gov. declared that Canada had to get off the petro economy, and that we must support our manufacturing industry and ideally the dollar should be around $0.65 to the U.S. dollar to help balance the economy. Unfortunately neither happened our resource sector was strong enough to support our dollar to a slight drop and we only seen a slight increase in manufacturing so we sit in limbo the dollar to strong for manufacturing and a price depression for resources. To save face it forced Wynne in 2016 to declare that they are now an intellectual economy based in software and programming LOL
 
captain morgan

captain morgan

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Twin_Moose said:
After the fall of 2015 the Gov. declared that Canada had to get off the petro economy, and that we must support our manufacturing industry and ideally the dollar should be around $0.65 to the U.S. dollar to help balance the economy. Unfortunately neither happened our resource sector was strong enough to support our dollar to a slight drop and we only seen a slight increase in manufacturing so we sit in limbo the dollar to strong for manufacturing and a price depression for resources. To save face it forced Wynne in 2016 to declare that they are now an intellectual economy based in software and programming LOL
Click to expand...

No doubt the tater tot fed gvt is wishing that they were being supported and financed through petrodollars
 
coldstream

coldstream

on dbl secret probation
Oct 19, 2005
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Monetarism.. Free Trade in currency and credit is the most corrosive element in the global trading system.

It is a racket run by money traders and hedge funds. It has seen an explosion of derivative near monies which will wash away the world's financial system if ever redeemed. It can only be turned over to inflate the bubble. It has led to deliberate attacks on individual countries with the intent of foisting turbulence and profits for traders of all sorts.

We had a system that worked between 1945 and 1970. It locked currencies in narrow trading ranges through the Bretton Woods agreement and protected sovereign control of exchange rates and money supply by nation states. That has all been ditched now in the global casino and usury that charaterises the world monetary system, ultimately in contol of the criminal IMF supranational agency.

If Trump really wants to renationalize the American economy. It is money that he will have to tackle. Without that it will sabotage anything he does with trade in product.

Canada's curreny is being 'gamed'.
 
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Danbones

Danbones

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Sep 23, 2015
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Canada among three economies in world most at risk of banking crisis, BIS warns

Global central banker raises red flag for Canada, along with China and Hong Kong, for its households' maxed-out credit cards and high debt levels

China, Canada and Hong Kong are among the economies most at risk of a banking crisis, according to early-warning indicators compiled by the Bank for International Settlements.

Canada — whose economy grew last year at the fastest pace since 2011 — was flagged thanks to its households’ maxed-out credit cards and high debt levels in the wider economy. Household borrowing is also seen as a risk factor for China and Hong Kong, according to the study.

“The indicators currently point to the build-up of risks in several economies,” analysts Inaki Aldasoro, Claudio Borio and Mathias Drehmann wrote in the BIS’s latest Quarterly Review published on Sunday.

Canada among three economies in world most at risk of banking crisis, BIS warns | Financial Post

If you think low rates and high debt levels can last forever, think again

Tom Bradley: The bull market fuelled by debt, interest rates and growth-oriented stocks is nine years old. Time to challenge some assumptions
http://business.financialpost.com/i...high-debt-levels-can-last-forever-think-again
 
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