"Luxury is one of the basic needs", (c), Don Corleone
- #24
- Sep 20, 2007 8:28am Sep 20, 2007 8:28am
How come the BoC is not watching this? Lots of extra-petro-income + expensive currency... mmm... what would it cause? The first variable (extra-petro-income) expansion and growth -with the inherent inflation- but hiking rates to moderate it though the second variable (expensive currency)?
Sounds hard to solve, doesn't it?
iiivb
For example - about a 6-7 years ago one of my neighbors was a manager at a US-based software house that did extensive systems work for the states. He said his company farming work to Canada because (at the time) salary costs were roughly 30% below those for the US, since Americans & Canadians generally work on similar salary levels, but in their own ccy's. AFAIK, that company is no longer operating in this province....
In the meantime, that old Jim Morrison/Doors song with the line "break on through/break on through/to the other side" keeps running through my head
- #25
- Sep 20, 2007 8:35am Sep 20, 2007 8:35am
- | Commercial User | Joined Oct 2006 | 1,158 Posts
I think the biggest problem is that we export tons of other stuff to the states, and that drops as the Cad strengthens. Oil the US is pretty well stuck for, but other goods & services - from auto manufacturing to software development - get adversely affected.
For example - about a 6-7 years ago one of my neighbors was a manager at a US-based software house that did extensive systems work for the states. He said his company farming work to Canada because (at the time) salary costs were roughly 30% below those for the US, since Americans & Canadians generally work on similar salary levels, but in their own ccy's. AFAIK, that company is no longer operating in this province....
In the meantime, that old Jim Morrison/Doors song with the line "break on through/break on through/to the other side" keeps running through my head
"this is the end... my only friend... the end"
iiivb
With the CAD hitting par brings us closer to the realization of what was started some time ago, and solidified during the time of Harper, Bush, and Fox meeting in Mexico, and again recently (no Fox this time) - the formation of the North American Union, uniting Canada, USA, and Mexico into one economic Zone. It is unclear as to the exact timeframe (soon 1-3 yrs), however don't fool yourselves for a moment thinking that the USD weakening is anything by accident - it's essential that the US economy collapse to convince the people that we are in need of a 'solution' - the new currency. If you are in stunned disbelief, educate yourself and read about it and factoring - how the US and Canada's economy is based on credit, printing paper out of control since Nixon removed the currency from the gold standard that forced them to be accountable (And yes, the CAD was worth more than the USD during the early 70's). The new unified currency is widely believed to be called the 'Amero' - but regardless of the actual name get ready for it. It's recommended to not hold assets in USD - gold is a great hedge, or Swiss Francs are also not bad backed by 35% gold. Euros are still backed by 15% gold. Get ready for some big changes folks, educate yourselves now, and hold on for the ride When the new currency becomes a reality, those who hold USD and CAD will be ignorant to expect a 1:1 exchange rate. Some have speculated 10:1 - meaning your investments lose 90%.
Timereaver
When the new currency becomes a reality, those who hold USD and CAD will be ignorant to expect a 1:1 exchange rate. Some have speculated 10:1 - meaning your investments lose 90%. Timereaver
- #27
- Sep 20, 2007 8:38am Sep 20, 2007 8:38am
- | Commercial User | Joined Oct 2006 | 1,158 Posts
With the CAD hitting par brings us closer to the realization of what was started some time ago, and solidified during the time of Harper, Bush, and Fox meeting in Mexico, and again recently (no Fox this time) - the formation of the North American Union, uniting Canada, USA, and Mexico into one economic Zone. It is unclear as to the exact timeframe (soon 1-3 yrs), however don't fool yourselves for a moment thinking that the USD weakening is anything by accident - it's essential that the US economy collapse to convince the people that we are in need of a 'solution' - the new currency. If you are in stunned disbelief, educate yourself and read about it and factoring - how the US and Canada's economy is based on credit, printing paper out of control since Nixon removed the currency from the gold standard that forced them to be accountable (And yes, the CAD was worth more than the USD during the early 70's). The new unified currency is widely believed to be called the 'Amero' - but regardless of the actual name get ready for it. It's recommended to not hold assets in USD - gold is a great hedge, or Swiss Francs are also not bad backed by 35% gold. Euros are still backed by 15% gold. Get ready for some big changes folks, educate yourselves now, and hold on for the ride
Timereaver
- #29
- Sep 20, 2007 9:16am Sep 20, 2007 9:16am
- | Membership Revoked | Joined Dec 2005 | 2,298 Posts
Same Whore .... Different Dress
- #30
- Sep 20, 2007 9:39am Sep 20, 2007 9:39am
- Joined Jul 2007 | Status: C.E.O of BWR Investment firm | 4,736 Posts
With the CAD hitting par brings us closer to the realization of what was started some time ago, and solidified during the time of Harper, Bush, and Fox meeting in Mexico, and again recently (no Fox this time) - the formation of the North American Union, uniting Canada, USA, and Mexico into one economic Zone. It is unclear as to the exact timeframe (soon 1-3 yrs), however don't fool yourselves for a moment thinking that the USD weakening is anything by accident - it's essential that the US economy collapse to convince the people that we are in need of a 'solution' - the new currency. If you are in stunned disbelief, educate yourself and read about it and factoring - how the US and Canada's economy is based on credit, printing paper out of control since Nixon removed the currency from the gold standard that forced them to be accountable (And yes, the CAD was worth more than the USD during the early 70's). The new unified currency is widely believed to be called the 'Amero' - but regardless of the actual name get ready for it. It's recommended to not hold assets in USD - gold is a great hedge, or Swiss Francs are also not bad backed by 35% gold. Euros are still backed by 15% gold. Get ready for some big changes folks, educate yourselves now, and hold on for the ride
Timereaver
For this to happen the Mexican peso would have to rise dramtically, it would NEVER reach pairity but it would have to come up to a significant level.
Any opinions on this?
Just Trade It
- #33
- Sep 20, 2007 10:14am Sep 20, 2007 10:14am
For this to happen the Mexican peso would have to rise dramtically, it would NEVER reach pairity but it would have to come up to a significant level.
Any opinions on this?
- #35
- Last Post: Sep 20, 2007 7:33pm Sep 20, 2007 7:33pm
- | Commercial User | Joined Oct 2006 | 1,158 Posts