Posted on 10/19/2009 12:19:35 PM PDT by Palin Republic
It’s a good day to go cross border shopping as our Canadian Loonie is buying more in the US. The Loonie is almost on par withe the US dollar. Fueled by high oil prices and a declining US dollar the high loonie hurts employment in Canada.
“Canadian Prime Minister Stephen Harper said yesterday in remarks to reporters in Toronto that he shares Bank of Canada Governor Mark Carney’sconcern that gains in the country’s currency could slow recovery. Carney said in a speech on June 4 that a persistently strong Canadian dollar would “work against” positive factors such as improved trade.”
For Snow Birds it’s going to be a good winter as their dollar will buy a bit more than last year.
(Excerpt) Read more at cornwallfreenews.com ...
Better stock up on physical commodities while you still can.
Our High Loonies aren't that much better............
Ping.
Bullets. Lead is a good hedge.
Cold comfort, but still...
What a load of lies. Those “physical commodities,” especially oil, are Canada’s real life blood. And as for your Ron Paul video featuring anti-American, Brit propagandists, that’s pathetic.
President Bush did not start any “war for oil.” You anti-American interests are opposing defense at all future costs for the purpose of keeping freight fuel prices (oil) lower and keeping foreign product prices down.
Oil prices will rise, because too many of our traitorous leaders have made dirty, anti-American deals with east Asia and built east Asia up. East Asian countries are producing useful things and consuming more oil.
Not all Americans and Canadians can sit in offices, devising Ponzi schemes (housing bubble, derivatives) with bribes or debts for imports. Most of us will have to start doing some real work and making useful products with those “physical commodities.”
Russia and China, among others, are going to do business in currencies besides the dollar. No more seigniorage, etc. for Uncle Sam.
Sorry if that was the wrong video.
Here is the one you need to watch:
HON. RON PAUL OF TEXAS Before the U.S. House of Representatives, February 15, 2006
The End of Dollar Hegemony
http://video.google.com/videoplay?docid=-8327695139643041382&;#
The full text of this speech can be found at:
http://www.house.gov/paul/congrec/congrec2006/cr021506.htm
>Bullets. Lead is a good hedge.
Gold, guns, lead, and copper. The Patriot Portfolio!
So Ron Paul says that we should produce useful goods for stable trade. That’s true. But he worships gold a little too much, wants to get into bed with the Arabs, to allow them to destroy other countries at will, and of course, hates Israel.
He’s a little too Roman for me. ...must be a Spaniard or something.
I apologize for my comment about “you anti-American interests.” But we need to stop building international empires whether based on debts or gold, and we should stop blaming the Jews for the misdeeds of nations that assimilate them. ...no dirty deals with Islamist nations.
As for Canadia, well, she should do as we should do: get down to some real work. There’s no humility in being “hewers of wood,” miners or manufacturers. Our near-future survival depends on it, and Canada can get great prices for her real products. We can’t all be government employees, graphic artists and managers.
If her men don’t want to cut trees from her gigantic northern forests, I’ll do it. ...same with oil, metals, and so forth. There’s nothing wrong with being a man, either. Close the SOW (Status of Women) offices and get to work for your Nation (first) and for your neighbors in North America.
It’s a good deal for us, in buying American goods. There is a tremendous price advantage in America, which is generally acerbated by the Canadian dollar being worth less. When it’s at parity, it makes things like grocery shopping, etc just that much easier to do in the US.
I don’t know if most americans know but we pay about twice as much for produce up here, and most electronics have quite a bit of a surcharge compared to the same product in the US. In many cases, it’s cheaper to buy from the US, and have it shipped up here.
As for hewers of wood, drawers of water, I’d rather emulate the example of America, and be the shopkeepers of the world. :) We need to knock down our business regulations. Sure wish we had more bullish folks like you up here! We need that kind of opitimism.
I agree with all that you wrote. ...well said. And yes, I’ve seen grocery prices up there (Canadian relatives). But we in the USA need very much to get to work at producing useful things. Our economy is dying, because trade requires a two-way exchange of goods—not debt/bribes for goods.
The rise in the importance of commodities, including oil, will be unstoppable, I’m afraid, unless eastern Asia somehow crashes. ...doubtful, as east Asia, having a large and diversified manufacturing base, has been concentrating on growing consumerism and exchanging manufactured products for natural resources (including oil) in other areas like Africa and South America.
...wish I could get up to northern Alberta (the truly northern parts) sooner (low income nerd here and busy with a personal project over the next couple of years). We’ve been playing with some possibly better building foundation designs for permafrost—foundations that might stay level without needing posts all the way to bedrock.
BTW, on commodities, we’ll buy from Canada regardless of the new heights of the loonie. There’s not much other choice, with oil and other resources otherwise needing to be shipped halfway around the world to us with freight fuel prices rising. So if the loonie goes much higher, we in the USA are captive buyers.
Wages in Northern Alberta are usually in loonies. A high Canadian dollar takes away from the bottom line for Canadian companies that have a large payroll. On the other hand the bottom line for NHL teams like the Toronto Maple Leafs, who pay contract salaries in US dollars and take in Canadian dollars at the gate, should be up (except the Maple Leafs NEVER win. heh).
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