And the Canadian Dollar will be par or better than the US dollar by the end of this year.
Even though it should have been higher for years, no one knew why it was worth less, as our infrastructure and spending were much more controlled. The key is control- it was an agreement between trading partners that allowed America's dollar to purchase our resources at less than their value and set up these trade wars that affected our industry here but helped provide cheap products for America's growth. Now that the housing bubble is bursting, we can't stop the "Loonies" rise and so this is an indicator that the American dollar is on the slippery slope to oblivion. They are calling in their markers and shutting down America's game. It is easy to manipulate anothers currency for your own needs, but what will happen now that the US $ is sliding, and there is nothing to back it up but DEBT!!!
This is good news for the world, but not so great for the American people- when they finally figure out what is going on and how much they've been had, how will they react when their dollar is devalued by half, like so many currencies have. The UK has barely crawled back to respectability after their crash during Thatchers time. The Euro signals the end of America's hegemony and aspirations to superiority, as the rest of the world allies against our Axis of Evil.
When China starts loaning countries American T-bills and undermining America's control over others financially, we will see the end come, like a pimple being squeezed out by forceful fingers. The subsequent series of events will lead to a smeared mess over the globe as the last great superpower goes down with anger and revenge as its motive, taking whomever they can with them, as they lose their standing as the supreme state and controllers of life.
The drowning man syndrome.
Methinks things could get very ugly. The Grim "Repo" man is coming!!!