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When the US dollar crashes, what will happen to the Canadian dollar????

 
Anonymous Coward
User ID: 1437454
Canada
06/27/2011 11:23 AM
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When the US dollar crashes, what will happen to the Canadian dollar????
1dunno1Canadian Fpopcorn
Anonymous Coward
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Canada
06/27/2011 11:28 AM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
Good question. I think it would crash very soon afterwards.
911Bob

User ID: 1391964
United States
06/27/2011 11:30 AM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
flush
Anonymous Coward
User ID: 506563
Canada
06/27/2011 11:42 AM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
Our $ is tied to oil. So if oil is still selling our monies will be worth at least a little.
Anonymous Coward
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United States
06/27/2011 11:47 AM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
Our $ is tied to oil. So if oil is still selling our monies will be worth at least a little.
 Quoting: Anonymous Coward 506563


Oil will be purchased with the new currency that would be put in place.
Epic Beard Guy
Constitutional Crusader

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06/27/2011 12:02 PM

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Re: When the US dollar crashes, what will happen to the Canadian dollar????
When the US dollar crashes, it will bring down the world economy. That means the Canadian dollar and most other currencies will crash also.
Hope for the best, but prepare for the worst.
"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." -- Claire Wolfe
vacuumhead
User ID: 1384464
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06/27/2011 12:13 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
The Canadian dollar will increase in value against the US dollar.

Canada's debt rate per capita is miniscule compared to ours. Nor are their Banks leveraged.

There is one the exception here though, North Dakota Has its own State run banking system. It is the only State that is not in recession and has a low unemployment rate.

While a depression here would impact Canada's cross border trade, Their economic footprint has become more global in recent years.

Plus Canada considers their people it's primary resource and have heavily invested in their health welfare and education.

I'm 15 minutes from the Canadian border by boat. In recent years they have become increasingly hostile to US boaters crossing into their territorial waters on Lake Ontario I wouldn't be surprised if Canada eventually erects a fence along its boarders to keep us Gringos out.
Anonymous Coward
User ID: 1402928
United States
06/27/2011 12:20 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
we're ALL tied together with these credit default swaps, all the countries of the west are holding eachothers debt-

so if one goes, we all do
Don Q
User ID: 1429699
Canada
06/27/2011 12:28 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
The Canadian dollar will become the new world reserve currency.
Get some !!
vacuumhead
User ID: 1384464
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06/27/2011 01:01 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
The Canadian dollar will become the new world reserve currency.
Get some !!
 Quoting: Don Q 1429699


Only if you either marry or adopt me.
Dr. House

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06/27/2011 02:20 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
If the US dollar collapses today, many currencies are tied in with it, thus would fail or partially fall with the dollar. I think the Canadian dollar is not as tightly bound to the US dollar as compared to the Yen or The British Pound.

There may actually be a lot less trade between Canada and the USA than between Japan and the US or the UK and the US. Canadians raise most of their food, the UK imports most of its own, and Japan's manufacture relies heavily on US consumerism.

The only reason why the US Dollar is the 'acceptable' medium of exchange on a global scale is because the Dollar remained stable for so long through the confidence it carries.

Many countries are pushing to move away from the Global US dollar, seeking to replace it with something else.

The Euro became a major problem to US banks, its swift adoption and then swift rise in the European market and its 'worth' against the US dollar started the devaluation war between the two currencies.

If china carries through with its threat to switch to the Euro, the strength of the US dollar drops, if enough nations switch from the USD to the Euro - suddenly the Dollar is 'worthless' and the Euro becomes the global standard that all other currencies are valued against.

Technically the USD has collapsed, thus the hyper inflation of the past few years for nearly everyone who has a currency 'backed' or 'valued against' the USD.

Those places that have seen the less inflation, are not as strictly bound to the USD and would suffer less than those nations that are.
Sinkhole list:
Thread: Sinkholes Updated 28 Dec 2010
find a sinkhole, add it to this thread, please.

"Whoever hates his brother is a murderer, and you know that no murderer has eternal life abiding in him." (1 John 3:15, NKJV).
Anonymous Coward (OP)
User ID: 1437454
Canada
06/27/2011 02:30 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
Right now the Canadian dollar is stronger the USD, and even locally the corner stores are not taking USD anymore. I think it could likely become the new reserve currency. The EURO and Pound and obviously Yen are all totally fucked. I'm just wondering if Canada will stand up to the USD collapse.

Isn't there still a goddamn NAU planned? sheep
lancifer93

User ID: 1445400
Canada
06/27/2011 02:43 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
Right now the Canadian dollar is stronger the USD, and even locally the corner stores are not taking USD anymore. I think it could likely become the new reserve currency. The EURO and Pound and obviously Yen are all totally fucked. I'm just wondering if Canada will stand up to the USD collapse.

Isn't there still a goddamn NAU planned? sheep
 Quoting: Anonymous Coward 1437454


Canada, although an exporter of resources, also has 60+% of it's trade internally. Inter-Provincial trade. As long as we can close our borders if (when) the US goes down...we'll be much better off. Bob Chapman (who gave me the data on our internal trade numbers) has stated over and over again...on a scale of 1-10, the US is going to 1, Canada will be a 7.
Plant or Perish
Anonymous Coward (OP)
User ID: 1437454
Canada
06/27/2011 04:06 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
Right now the Canadian dollar is stronger the USD, and even locally the corner stores are not taking USD anymore. I think it could likely become the new reserve currency. The EURO and Pound and obviously Yen are all totally fucked. I'm just wondering if Canada will stand up to the USD collapse.

Isn't there still a goddamn NAU planned? sheep
 Quoting: Anonymous Coward 1437454


Canada, although an exporter of resources, also has 60+% of it's trade internally. Inter-Provincial trade. As long as we can close our borders if (when) the US goes down...we'll be much better off. Bob Chapman (who gave me the data on our internal trade numbers) has stated over and over again...on a scale of 1-10, the US is going to 1, Canada will be a 7.
 Quoting: lancifer93


bump Can you image the American "refugees" trying to cross? zombies
lancifer93

User ID: 1445400
Canada
06/27/2011 04:12 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
My neck of the woods is chalk full of them...1/2 Vietnam Drafty Dodgers...the other 1/2 buying 'vacation' homes...
'vacation homes' indeed!
Plant or Perish
Anonymous Coward
User ID: 1420447
France
06/27/2011 04:13 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
If the US dollar collapses today, many currencies are tied in with it, thus would fail or partially fall with the dollar. I think the Canadian dollar is not as tightly bound to the US dollar as compared to the Yen or The British Pound.

There may actually be a lot less trade between Canada and the USA than between Japan and the US or the UK and the US. Canadians raise most of their food, the UK imports most of its own, and Japan's manufacture relies heavily on US consumerism.

The only reason why the US Dollar is the 'acceptable' medium of exchange on a global scale is because the Dollar remained stable for so long through the confidence it carries.

Many countries are pushing to move away from the Global US dollar, seeking to replace it with something else.

The Euro became a major problem to US banks, its swift adoption and then swift rise in the European market and its 'worth' against the US dollar started the devaluation war between the two currencies.

If china carries through with its threat to switch to the Euro, the strength of the US dollar drops, if enough nations switch from the USD to the Euro - suddenly the Dollar is 'worthless' and the Euro becomes the global standard that all other currencies are valued against.

Technically the USD has collapsed, thus the hyper inflation of the past few years for nearly everyone who has a currency 'backed' or 'valued against' the USD.

Those places that have seen the less inflation, are not as strictly bound to the USD and would suffer less than those nations that are.
 Quoting: Dr. House


good analysis ! +10000

fasten the seat belts ! 1, ... 2, ....
Anonymous Coward
User ID: 506563
Canada
06/27/2011 04:18 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
Right now the Canadian dollar is stronger the USD, and even locally the corner stores are not taking USD anymore. I think it could likely become the new reserve currency. The EURO and Pound and obviously Yen are all totally fucked. I'm just wondering if Canada will stand up to the USD collapse.

Isn't there still a goddamn NAU planned? sheep
 Quoting: Anonymous Coward 1437454


This will not happen. There is not enough CAD going around the world to have it stockpiled somewhere. But if it were part of a basket of currencies, then maybe.
Anonymous Coward (OP)
User ID: 1437454
Canada
06/28/2011 01:48 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
My neck of the woods is chalk full of them...1/2 Vietnam Drafty Dodgers...the other 1/2 buying 'vacation' homes...
'vacation homes' indeed!
 Quoting: lancifer93


Thread: !!! Proof US bills are toilet paper, Greece riots and Euro gains on dollar, Get the hell out of dollars now!!!

Yes the rich Americans are flocking to Canada now and buying property.
Anonymous Coward (OP)
User ID: 1437454
Canada
06/28/2011 01:49 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
I still think the EURO is fucked. popcorn
Anonymous Coward
User ID: 1303042
Canada
06/28/2011 01:52 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
Very tough question. I think you will see some devaluing of the CDN dollar, but not a total collapse of it unless the system totally collapses.
I'm sure there would be an invasion of US peeps over to this side of the ditch. If in Canada, take a look around and you will mostly see Ohio plates on our highways..at least in Ontario anyways...
Anonymous Coward
User ID: 673477
United States
06/28/2011 02:15 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
Right now the Canadian dollar is stronger the USD, and even locally the corner stores are not taking USD anymore. I think it could likely become the new reserve currency. The EURO and Pound and obviously Yen are all totally fucked. I'm just wondering if Canada will stand up to the USD collapse.

Isn't there still a goddamn NAU planned? sheep
 Quoting: Anonymous Coward 1437454


ghey...lol...dumb canadian
indiandave

User ID: 1160828
United States
06/28/2011 02:19 PM

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Re: When the US dollar crashes, what will happen to the Canadian dollar????
Canada is the united States biggest trading partner. If our economytanks it would not be a good thing for canada.
Anonymous Coward
User ID: 990712
United States
06/28/2011 02:21 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
The Canadian dollar will increase in value against the US dollar.

Canada's debt rate per capita is miniscule compared to ours. Nor are their Banks leveraged.

There is one the exception here though, North Dakota Has its own State run banking system. It is the only State that is not in recession and has a low unemployment rate.

While a depression here would impact Canada's cross border trade, Their economic footprint has become more global in recent years.

Plus Canada considers their people it's primary resource and have heavily invested in their health welfare and education.

I'm 15 minutes from the Canadian border by boat. In recent years they have become increasingly hostile to US boaters crossing into their territorial waters on Lake Ontario I wouldn't be surprised if Canada eventually erects a fence along its boarders to keep us Gringos out.
 Quoting: vacuumhead 1384464


Canada also seems to be shithole free. I've gone to Canada in the middle of fuckin no where and everything is immaculate. Cross the border and its total shithole, sad really.
Anonymous Coward (OP)
User ID: 1437454
Canada
06/29/2011 06:07 PM
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Re: When the US dollar crashes, what will happen to the Canadian dollar????
The Canadian dollar will increase in value against the US dollar.

Canada's debt rate per capita is miniscule compared to ours. Nor are their Banks leveraged.

There is one the exception here though, North Dakota Has its own State run banking system. It is the only State that is not in recession and has a low unemployment rate.

While a depression here would impact Canada's cross border trade, Their economic footprint has become more global in recent years.

Plus Canada considers their people it's primary resource and have heavily invested in their health welfare and education.

I'm 15 minutes from the Canadian border by boat. In recent years they have become increasingly hostile to US boaters crossing into their territorial waters on Lake Ontario I wouldn't be surprised if Canada eventually erects a fence along its boarders to keep us Gringos out.
 Quoting: vacuumhead 1384464


Canada also seems to be shithole free. I've gone to Canada in the middle of fuckin no where and everything is immaculate. Cross the border and its total shithole, sad really.

 Quoting: Anonymous Coward 990712


ohyeah

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