When the US dollar crashes, what will happen to the Canadian dollar???? | |
Anonymous Coward User ID: 1402408 Canada 06/27/2011 11:28 AM Report Abusive Post Report Copyright Violation | |
911Bob User ID: 1391964 United States 06/27/2011 11:30 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 506563 Canada 06/27/2011 11:42 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1392631 United States 06/27/2011 11:47 AM Report Abusive Post Report Copyright Violation | |
Epic Beard Guy User ID: 1079209 United States 06/27/2011 12:02 PM Report Abusive Post Report Copyright Violation | 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 United States 06/27/2011 12:13 PM Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | |
Don Q User ID: 1429699 Canada 06/27/2011 12:28 PM Report Abusive Post Report Copyright Violation | |
vacuumhead User ID: 1384464 United States 06/27/2011 01:01 PM Report Abusive Post Report Copyright Violation | |
Dr. House User ID: 1398844 United States 06/27/2011 02:20 PM Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | 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? |
lancifer93 User ID: 1445400 Canada 06/27/2011 02:43 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 1437454Isn't there still a goddamn NAU planned? 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 Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 1437454Isn't there still a goddamn NAU planned? 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. Can you image the American "refugees" trying to cross? |
lancifer93 User ID: 1445400 Canada 06/27/2011 04:12 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1420447 France 06/27/2011 04:13 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Dr. HouseThere 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. good analysis ! +10000 fasten the seat belts ! 1, ... 2, .... |
Anonymous Coward User ID: 506563 Canada 06/27/2011 04:18 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 1437454Isn't there still a goddamn NAU planned? 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 Report Abusive Post Report Copyright Violation | My neck of the woods is chalk full of them...1/2 Vietnam Drafty Dodgers...the other 1/2 buying 'vacation' homes... Quoting: lancifer93'vacation homes' indeed! 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 Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1303042 Canada 06/28/2011 01:52 PM Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 1437454Isn't there still a goddamn NAU planned? ghey...lol...dumb canadian |
indiandave User ID: 1160828 United States 06/28/2011 02:19 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 990712 Canada 06/28/2011 02:21 PM Report Abusive Post Report Copyright Violation | The Canadian dollar will increase in value against the US dollar. Quoting: vacuumhead 1384464Canada'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. 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 Report Abusive Post Report Copyright Violation | The Canadian dollar will increase in value against the US dollar. Quoting: vacuumhead 1384464Canada'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. 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. |