Results 1 to 14 of 14

Thread: Will the Canadian Dollar Crash the same day as the US Dollar?

  1. #1

    Will the Canadian Dollar Crash the same day as the US Dollar?

    Hey,

    I'm just wondering if, theoretically, the FED goes bankrupt tommorrow, what will happen to my canadian dollar?

    I have quite a bit of wealth saved up over the years and, most of it is simply held in the bank, as currency. I need to start investing in gold, silver and storable food but, i'm just curious what sort of timeframe i'm looking at here.

    Will i be able to use the US dollar crash as a warning, or should i make dam sure that i redistribute my assets before that happens?

    Thanks!
    "One of the great victories of the state, is that the word "Anarchy" terrifies people but, the word "State" does not" - Tom Woods



  2. Remove this section of ads by registering.
  3. #2
    Quote Originally Posted by ClayTrainor View Post
    Hey,

    I'm just wondering if, theoretically, the FED goes bankrupt tommorrow, what will happen to my canadian dollar?

    I have quite a bit of wealth saved up over the years and, most of it is simply held in the bank, as currency. I need to start investing in gold, silver and storable food but, i'm just curious what sort of timeframe i'm looking at here.

    Will i be able to use the US dollar crash as a warning, or should i make dam sure that i redistribute my assets before that happens?

    Thanks!
    every fiat currency has been debased. Some more the others. The US dollar has been debased the most. Canadian dollars are safer than US dollars, but none are as safe as gold and silver. No one knows the time frame, and no one can know. It all depends on how stupid each central bank is willing to be and how stupid the general public. Stupidity has no timetable.

  4. #3
    Short Answer: Canadian dollar will be almost as bad if not as bad as the US dollar.

    If currencies are still linked to the US dollar they will be brought down. Canada has perhaps the closest proximity and reason to keep theirs linked to the US dollar. If the Canadian dollar were really doing well it would not be below the US dollar right now. The US is printing all this money and making all these bailouts, Canada is not and yet it's dollar it's below the US one?

    Obviously Canada has been printing money for some time now too. So they'll have similar problems. Canada's last great depression was pretty much as bad as the US one to give you any indication.

    Yes Canada has resources, and a lot more room, but it is very socialized and is in fact accustomed to intervention. This pretty much offsets the natural resources sadly.

    And as things start progressing, expect the US to try to make big deals with Canada which will put it in just as much hot water as the US. The current Prime Minister of Canada is a fan of Bush, and it's looking like he'll get re-elected. I don't think there are any Canadian political parties that side completely with the public on foreign policy or finances.

    I'm Canadian too btw.

  5. #4
    If the US and Canadian dollars reach the value of the peso you know what that means...

    Amero...here we come.
    End The Nanny State!

  6. #5
    i'm canadian too. i don't have much money, but pretty much everything i have, i've put into gold and silver.

    i'm actually not really sure what will happen to canada. i think if our politicians to the right thing, canada will come out in good shape. if we do the wrong thing, i think canada could go down with the ship. and knowing our government and their socialist attitudes, i feel like they will probably do the wrong things.

    the thing with canada, is that we have $1.2 in unfunded liabilities. when the baby boomers retire, there is no way we can pay for the healthcare costs and pay out all the retirement packages... so we will have to print money and inflate our currency a lot in order to pay for all our social programs and government obligations.

    so in the long run, i expect our dollar to lose a lot of value, or collapse... the question is how long do we have? if the US currency hyperinflates, what will happen to our currency? i don't know.

    but from what i know about the North American Union and the Amero, they will probably also crash the canadian dollar along with the american dollar.

    but i also know that a lot of people are very bullish on the canadain dollar because it is viewed as a commodity currency.

    so i think there are too many variables to say anything for certain. i do know that the canadian economy and currency is in better shape than the US economy and US dollar... but that's not really saying much.

    the danger is that if we see a run on the banks, or hyperinflation in the US, Canadians may panic also, causing a run on our banks.

    but when the US dollar collapses, people all around the world may begin to question the value of their worthless paper currency also, so you may see a global flight to gold and out of all paper currencies.

    but i would definitely get a good chuck of your money into gold asap. there is no point in procrastinating because gold will probably be heading higher over the next few weeks and months. and if you wait too long, you may not even be able to find anyone willing to sell their gold. silver is already very hard to find... so turn you canadian dollars into gold asap.

    but i have a feeling that our central bankers will try to keep our currencies at par so that it does not disrupt economic trade with the US... but hopefully during a full out US dollar collapse, we would be forced to let our currency rise.

    but there is too much uncertainty, so just buy your gold now... you'll feel much better.

    also, once everyone sees the US dollar collapse, everyone will know what's going on. the fact that you saw it coming in advance doesn't do you any good if you didn't do anything about it. so you don't want to be in the panic with everyone else, you want to be ahead of the game.

    i've also stored some rice, so if you need any advice, just pm me and i'd be happy to help you get prepared.

  7. #6
    Posting privileges under review


    Posts
    73
    Join Date
    Sep 2008

    Wink

    The foundations of the Canadian economy are much more stable than that of the US. Canada has a surplus, which it has had for years. And, the oil sands in the prairies are just adding to it.

    There has not been a mortgage crisis and Canada is a resource rich country. A majority of the listed companies on the TSX are commodity based. Ron Paul himself says that there needs to be a move towards commodities to stabilize the US financial market, a commodity like gold.

    The US is Canada's largest trading partner and so a bad US economy would no doubt have an effect Canada. If a global recession occurs Canada would be in good economic shape relative to the rest of the countries in the world. Canada would just trade with countries like China, unless of course the US government tries to restrict Canadian trade, as what they seem to be trying to do right now.

    The banks in Canada have not required any government intervention. Of all the G7 countries Canada currently has the soundest financial institutions. Banks in the US are looking to Canadian banks to bail them out. TD is on the short list to purchase WaMu.

  8. #7
    I'm putting $1,000 into lead, the rest into gold/silver.

  9. #8
    the thing to watch for is the "petro dollar warfare". If oil comes unlinked to the USD, it will be a swift free fall.....right now, saudi and iraqi oil are in firm hand sof the dollar and almost all oil is trade in USD thru the london and NY exchanges.

    Her'es the big if. If Iran further develops it's own oil bourse, then that frees oil from being traded for usd's thru the london and ny exchanges....... that means demand for the usd will plummet on the world market becasue nations will no longer need to trade in dollars only oil (petro dollars). A number of nations have said they would join Iran's oil bourse, that means oil from russia, iran, syria, venesuela and others would be switched over to irans' currency and the Euro for trading oil instead of usd's........ so watch out for IRAN....it;'s all about IRAN and that oil exchange and RUSSIA has said the want to open their own oil exchange as well....... some have already opted for a basket of currencies for oil, including Kuwait, Norway and I think Libya,b ut don't quote me on that one......

    so this is the underlying pinnicle for what's holding up the USD.....it certainly aint the usd itself, loaded down with debt...... watch for oil in the future to come unglued form the dollar peg........ watch for peace in Iran under Obama or Iran getting bombed for protecting the petro dollar under McCain....either way, we are in trouble economically....... war debt or petro dollar fall because of peace time Iran.



  10. Remove this section of ads by registering.
  11. #9
    Quote Originally Posted by eric_cartman View Post
    i'm canadian too. i don't have much money, but pretty much everything i have, i've put into gold and silver.

    i'm actually not really sure what will happen to canada. i think if our politicians to the right thing, canada will come out in good shape. if we do the wrong thing, i think canada could go down with the ship. and knowing our government and their socialist attitudes, i feel like they will probably do the wrong things.
    Yea, i'm pretty out of touch with canadian politics but, in the little research i've done, it seems that all of our major candidates in the upcoming election are Pro NAU, so that's not a good sign.


    the thing with canada, is that we have $1.2 in unfunded liabilities. when the baby boomers retire, there is no way we can pay for the healthcare costs and pay out all the retirement packages... so we will have to print money and inflate our currency a lot in order to pay for all our social programs and government obligations.

    so in the long run, i expect our dollar to lose a lot of value, or collapse... the question is how long do we have? if the US currency hyperinflates, what will happen to our currency? i don't know.

    but from what i know about the North American Union and the Amero, they will probably also crash the canadian dollar along with the american dollar.

    but i also know that a lot of people are very bullish on the canadain dollar because it is viewed as a commodity currency.

    so i think there are too many variables to say anything for certain. i do know that the canadian economy and currency is in better shape than the US economy and US dollar... but that's not really saying much.

    the danger is that if we see a run on the banks, or hyperinflation in the US, Canadians may panic also, causing a run on our banks.

    but when the US dollar collapses, people all around the world may begin to question the value of their worthless paper currency also, so you may see a global flight to gold and out of all paper currencies.

    but i would definitely get a good chuck of your money into gold asap. there is no point in procrastinating because gold will probably be heading higher over the next few weeks and months. and if you wait too long, you may not even be able to find anyone willing to sell their gold. silver is already very hard to find... so turn you canadian dollars into gold asap.

    but i have a feeling that our central bankers will try to keep our currencies at par so that it does not disrupt economic trade with the US... but hopefully during a full out US dollar collapse, we would be forced to let our currency rise.


    but there is too much uncertainty, so just buy your gold now... you'll feel much better.
    Yea i think that's what i'm gonna do.




    also, once everyone sees the US dollar collapse, everyone will know what's going on. the fact that you saw it coming in advance doesn't do you any good if you didn't do anything about it. so you don't want to be in the panic with everyone else, you want to be ahead of the game. i've also stored some rice, so if you need any advice, just pm me and i'd be happy to help you get prepared.
    [/Quote]

    Thanks man, i just might do that.


    Quote Originally Posted by FreeMarketEconomy
    The foundations of the Canadian economy are much more stable than that of the US. Canada has a surplus, which it has had for years. And, the oil sands in the prairies are just adding to it.
    What exactly is this surplus?


    There has not been a mortgage crisis and Canada is a resource rich country. A majority of the listed companies on the TSX are commodity based. Ron Paul himself says that there needs to be a move towards commodities to stabilize the US financial market, a commodity like gold.
    My understanding of economics is fairly weak. I understand that our economy is full of commodity based companies but, how would this contrast with the dollar? Where exactly does the value of our dollar come from?



    Banks in the US are looking to Canadian banks to bail them out. TD is on the short list to purchase WaMu.
    Is this something that could happen if the FED goes bankrupt? Will Canada be asked to come bail out the American Economy?
    "One of the great victories of the state, is that the word "Anarchy" terrifies people but, the word "State" does not" - Tom Woods

  12. #10
    As long as the current monetary system exist, the fed can't go bankrupt.

  13. #11
    I think it will probably last a bit longer, or at least that would be good for my stash of a couple hundred Canadian Dollars.
    http://www.ronpaul2012.com/
    Quote Originally Posted by GK Chesterton
    It is often supposed that when people stop believing in God, they believe in nothing. Alas, it is worse than that. When they stop believing in God, they believe in anything.
    Quote Originally Posted by Rt. Hon. Edmund Burke
    Nothing is so fatal to religion as indifference.

  14. #12
    Quote Originally Posted by eric_cartman View Post
    the thing with canada, is that we have $1.2 in unfunded liabilities.
    Hahahahah. You have $1.2 trillion in unfunded liabilities? We have $53 trillion in unfunded liabilities.

  15. #13
    Quote Originally Posted by JRegs85 View Post
    Hahahahah. You have $1.2 trillion in unfunded liabilities? We have $53 trillion in unfunded liabilities.
    ya... but we also have 1/10th the population... so that would be the equivalent of $12 trillion in unfunded liabilities... so it's still less than the US, but we also don't get to print the reserve currency of the world either. so canada also has a big problem with unfunded liabilities.

    in terms of our "surplus", we have a trade surplus, which is a very good thing. it means we produce more than we consume. so we will still be able to import products from the rest of the world, because we will be exporting things in return. the US is currently exporting paper debt... so when people don't want that paper anymore, the US will no longer be able to import all the things that they currently do, and people will consume less and have a lower standard of living. but because canada has a trade surplus, it means we still produce things of real value... so that's a good thing.

    but in terms of the budget, i think we are running massive budget deficits to pay for our bloated social programs. and when the baby boomers retire and start collecting their pentions and demanding free medical care, canada will be forced to either cut government spending or print more money. and i think canada will print the money to pay for the future obligations of the baby boomers.

  16. #14
    Quote Originally Posted by eric_cartman View Post
    ya... but we also have 1/10th the population... so that would be the equivalent of $12 trillion in unfunded liabilities... so it's still less than the US, but we also don't get to print the reserve currency of the world either. so canada also has a big problem with unfunded liabilities.

    in terms of our "surplus", we have a trade surplus, which is a very good thing. it means we produce more than we consume. so we will still be able to import products from the rest of the world, because we will be exporting things in return. the US is currently exporting paper debt... so when people don't want that paper anymore, the US will no longer be able to import all the things that they currently do, and people will consume less and have a lower standard of living. but because canada has a trade surplus, it means we still produce things of real value... so that's a good thing.

    but in terms of the budget, i think we are running massive budget deficits to pay for our bloated social programs. and when the baby boomers retire and start collecting their pentions and demanding free medical care, canada will be forced to either cut government spending or print more money. and i think canada will print the money to pay for the future obligations of the baby boomers.
    Well, I guess that means we'll have to invade you to get the resources. You should be the 14th state anyway.
    Article XI. Canada acceding to this confederation, and adjoining in the measures of the United States, shall be admitted into, and entitled to all the advantages of this Union; but no other colony shall be admitted into the same, unless such admission be agreed to by nine States.
    Articles of Confederation
    http://www.ronpaul2012.com/
    Quote Originally Posted by GK Chesterton
    It is often supposed that when people stop believing in God, they believe in nothing. Alas, it is worse than that. When they stop believing in God, they believe in anything.
    Quote Originally Posted by Rt. Hon. Edmund Burke
    Nothing is so fatal to religion as indifference.



Similar Threads

  1. Iceland considering switch to Canadian dollar
    By eduardo89 in forum Economy & Markets
    Replies: 0
    Last Post: 03-02-2012, 05:51 PM
  2. canadian dollar and what else
    By danfinance2008 in forum Economy & Markets
    Replies: 4
    Last Post: 10-15-2008, 01:10 PM
  3. Canadian dollar worth more than US dollar:
    By ronpaulyourmom in forum Grassroots Central
    Replies: 5
    Last Post: 09-23-2007, 01:55 PM
  4. Canadian dollar now worth more than an American dollar!
    By nist7 in forum Economy & Markets
    Replies: 1
    Last Post: 09-23-2007, 01:28 PM
  5. Canadian Dollar now worth about a Dollar.
    By ChooseLiberty in forum Economy & Markets
    Replies: 7
    Last Post: 09-20-2007, 10:24 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •