Quote:
Originally Posted by polish_aristocrat
ok everyone with a clue will probably laugh at my thread title and 10 years perspective 
anyway... right now for 1 Euro you need to pay $1.42 USD and for 1 Canadian dollar $1.02 USD 
do you think we should seriously expect a similar situation for let's say the next 2 years? or even worse?
or did the USD just his its low and now it will go higher again in the next months/years?
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who gives a flying fuck is a better question.
USD is in a shit place right now because of the deficit and it turns people away from wanting to invest in the USD or the US cause of the higher risk in the currency.
China also holds a lot of USD bonds.
In theory they can distroy the USD if they wanted to by selling all the bonds and converting those USD funds to any other currency.
The US is selling those bonds to pay for the wars.
It's really a loose loose situation and the only way to get out of it is to do what we as individuals do, spend less and pay off the debts.
Until that happens, buy Canadian $$$$$