The Canadian dollar continues to rise and that’s not a good thing for Canadians for HIGH TARIFF Canada! – March 16, 2021
I say this out of frustration, not because it’s something I like. There is no benefit for Canadian consumers to have a higher Canadian dollar, Canadian tariffs at the U.S Canadian border are something of legend, considering we apparently have USMCA or NAFTA or whatever you want to call it. Canada has higher tariffs at the U.S Canada border than the border between Mexico and the United States and the reason for these high tariffs is to give Canada’s private sector a competitive advantage over Americans?
Actually, the Canadian dollar is intentionally debased to pay for our PRIOR massive government spendings, and if you know anything about Canada Post COVID-19, good luck paying the government’s bills without printing money. Taxes sure as hell aren’t going to pay down that Justin Trudeau-led deficit.
All that aside, the Canadian currency is doing well, for a few reasons, one of which is our booming housing market in which I wrote about months ago when the Chinese Communist Party annexed Hong Kong, lots of Asians are used to not trusting their government and one of the currencies they hoard are Canadian dollars, you’ll notice that no matter how high the Hong Kong real estate market got, nobody really talked about it being a bubble, it’s because the East Asians are rather industrious and they tend to have above-average financial IQ’s.
So, you don’t even have to wonder if the Canadian housing market is going to continue booming because until the Bank of Canada is forced to raise interest rates, it probably won’t, in fact, I have bets with people that the Bank of Canada will go negative, because that new President in the United States, that Joe Biden fellow, is by far the dumbest U.S Presidents I’ve ever observed.
I’ve heard about the stupidity of Jimmy Carter and a few other U.S Presidents, but I’ve never seen it close up, Joe Biden is really dumb and Kamala Harris looks uncomfortable in her own skin, which is a bad trait for any woman. So the Biden administration, by all accounts, represents a falling U.S Dollar, and based on my observations, the Bank of Canada is going to go negative.
The numbers are terrible, and I get it, I understand the euphoric feeling of imagining your assets are rising, but I’m sorry, the Canadian dollar is falling faster than any G7 nation in the world. It’s falling you say? But how could the Canadian dollar be falling when it’s appreciating next to the U.S dollar?
Have you ever heard pump and dump? Well when there’s a central bank, things tend to operate differently, it’s usually a confidence game, eventually, someone reputable rings with data and facts to back it up rings the alarm, and once this happens, things will get more clearer. Hey, Canada, the Canadian dollar is getting stronger and Gas prices are getting higher!
I don’t care what anyone says Dogecoin is a perfect representation of everything currency right now! #dogecoin!
Interesting times ahead!
