Why is the Canadian Dollar Falling? Bank of Canada rate cut in September Woohoo! More Inflation, Canadian Purchasing Power WORTH-LESS – September 3, 2019,
Hey, gang, guess what the bank of Canada is going to do for Canadians purchasing power? Our dollar the Canadian dollar is going to be worthless later on in September than it is right now. Guess what else, even though interest rates are almost near zero right now, the Bank of Canada have decided that making our interest rates closer to zero will be a good thing for the Canadian economy.
Isn’t that fantastic, aren’t you happy, now when you put money in the bank, your banker can pau you less, furthermore, if you’re lucky enough, maybe your fractional reserve schedule 1 bank might actually charge you more fees to hold onto to your money, isn’t our monetary system great? It gets even better, do you know historically Canadian banks are some of the best in the world, so chances are they’ll find creative ways to screw you out of your money LEGALLY!
Those evil Americans are lowering their interest rates and even though Canada’s interest rates are already lower than America’s Federal Reserve interest rates, this is a race to the bottom and Canada needs to win this race.
As Don Pittis wrote “the Bank of Canada won’t fight a recession till there is one” 😂, I don’t know why, but I’m having this itch to buy some Gold and Silver. So yeah, comedy aside, there looks like there are some interesting events occurring in Canada. I head because of Justin Trudeau’s policies and investments into the economy that there will be economic growth, I haven’t’ really seen any positives yet, but maybe they’ll get here in a decade or so, I’m optimistic. So yeah, I’m not going to waste much time on this because at this point the financial sector in the Canadian economy is one big joke!
Why the Bank of Canada won’t fight a recession till there is one: Don Pittis | CBC
Interesting times ahead!