Quote:
Originally Posted by marketsmart
i think you offer a viable option to a very complex problem. I too have a real problem as to why the US seems complacent in letting the dollar fall to record lows.
Is it on purpose or is it just a matter of financial mismanagement at a national level?
I dont have an answer, I wish I did...
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The Canadian dollar has been gaining strength and some of our provinces are already out of debt like Alberta and Manitoba from what I understand it...
It is strange how Canadians are of the mindset that the Canadian dollar has to be lower the the US dollar... Canada is getting the national debt down... way down... and the United States are trillions in debt... I don't understand how investors back the USD while such a country backing its dollar is trillions in debt and climbing.... Does the US dollar and its country deserves to get every other nations backing on a bad investment ???
I'm not against the US... however I cannot see the world keep on backing and using the US dollar. A bad investment is a bad investment.
Later,