mercredi 1 juin 2011

The Canadian Dollar is No Haven from a US Dollar Collapse

The Canadian Dollar is No Haven from a US Dollar Collapse: "There are numerous reasons why the Canadian dollar will not survive a US dollar collapse:

The Canadian economy is very tied to the US economy
The Canadian Government is intent on devaluing the Canadian dollar alongside the US
The Bank of Canada has virtually no gold backing the Canadian dollar
All that does back the Canadian dollar is the US dollar and other fiat currencies
The Canadian dollar is not used globally"