The time and money required for SM dismantle would take years and make stabilization payments look like a traffic ticket.
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CDN dollar just moved below 69 cents. Bank of Canada can't lower rates anymore because our crashing dollar would just get worse as the Fed is holding the line on rates due to a hot economy.
Canada has been mismanaged for so long that we have no ability to defend our economy even if we wanted to, despite what the government says. More spending to shore up industry=an even lower dollar and higher taxes.
If you haven't already, buy US dollars.
Buy gold.
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Originally posted by canolacrazy View PostCDN dollar just moved below 69 cents. Bank of Canada can't lower rates anymore because our crashing dollar would just get worse as the Fed is holding the line on rates due to a hot economy.
Canada has been mismanaged for so long that we have no ability to defend our economy even if we wanted to, despite what the government says. More spending to shore up industry=an even lower dollar and higher taxes.
If you haven't already, buy US dollars.
Buy gold.
The opportunity to load up on US$ was in 2011-2012 when it was par with the CDN$.
Kinda late to the party now.
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My opinion is that if we could get the Liberals out of office , then the USA would be more easier to deal with on the tariff issue. Trudeau has been a total idiot on every level and has been a trash talking idiot about Trump since his first term. Did he think that it wasn't going to catch up with him? Trump does not like him and I wish he would publicly say that every day.
Now he is trying to stack the senate with some well oiled Liberal buddies , so his enduring legacy will just keep on sticking it you know where to and pretty much ham -stringing the Conservatives when they get elected. Time to abolish the Senate in this country also.
This countries problems lie at the feet of the Justin Trudeau cabinet , and it is Ontario and Quebec that put him there. Maybe they should get a bill for 95% of the current CDN debt as a punishment.
I am really concerned for my 18 year old son who is starting out on his journey in life , and as parents we tell him to always look at life without rose colored glasses , so to speak , because it is not a country club.
When "Team Justin " got elected in 2015 , my dad said at that time , " we just got done paying for his F@#$%ing old man , now we got another one " , boy Dad you were spot on , and thank you for that.
Have a good day all
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Originally posted by foragefarmer View Post
The opportunity to load up on US$ was in 2011-2012 when it was par with the CDN$.
Kinda late to the party now.
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Originally posted by AlbertaFarmer5 View Post
Again with the hindsight marketing advice. You have a perfect record on predicting market moves years and decades after the fact...
It was Economics 101 in 2011-2012 regarding buying US$, not 13-14 year old hindsight. The blindfolded dart throwing Monkey market analysts even got that one right.
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You could make a real time prediction today and cement your reputation as a marketing guru.
Instead of telling everyone how stupid they are for not following your previous brilliant advice which you conveniently never offered at the time.
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GALAXIE500 I agree with your dad. Probably not too many around that would remember that JFK and Dief hated each other and JFK helped to oust him.Last edited by littledoggie; Feb 1, 2025, 13:47.
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