We spend a lot of time here at The Dollar Vigilante chastising Ben Bernanke and the Federal Reserve and preparing our subscribers for a collapse of the US dollar – something which has been paying off very handsomely, with gold and silver at record highs this year – but don’t take that to mean that we prefer any other fiat currency. No fiat currency in the western world is any better than the US Dollar. In fact, in every case, they are worse.
The Federal Reserve is still, despite its secrecy, one of the most transparent central banks in the world. It also has, over the last century, despite inflating the dollar downward by 97%, been one of the least inflationary banks.
We often hear of people denounce the US dollar and correctly divine that it is headed to worthlessness, but, in the same breath, they say they own other fiat currencies like the Canadian dollar.
This is a case of ignorance of the workings of banks like the Bank of Canada – or virtually any other major central bank in the world, for that matter.
There are numerous reasons why the Canadian dollar will not survive a US dollar collapse:
The Federal Reserve is still, despite its secrecy, one of the most transparent central banks in the world. It also has, over the last century, despite inflating the dollar downward by 97%, been one of the least inflationary banks.
We often hear of people denounce the US dollar and correctly divine that it is headed to worthlessness, but, in the same breath, they say they own other fiat currencies like the Canadian dollar.
This is a case of ignorance of the workings of banks like the Bank of Canada – or virtually any other major central bank in the world, for that matter.
There are numerous reasons why the Canadian dollar will not survive a US dollar collapse:
- The Canadian economy is very tied to the US economy
- The Canadian Government is intent on devaluing the Canadian dollar alongside the US
- The Bank of Canada has virtually no gold backing the Canadian dollar
- All that does back the Canadian dollar is the US dollar and other fiat currencies
- The Canadian dollar is not used globally
BREAKING PROOF! OBAMA BORN IN KENYA - Long Form BC A FRAUD?
Quit with the racist Obama born in Kenya crap.. you lose credibility as a Economic blog
ReplyDeleteThe economy is already back to normal, as much as I hate to say it. I walked through several different neighborhoods and saw everyone cooking hot dogs and hamburgers. Children were all playing and riding bikes.
ReplyDeleteNext I came across Charlie Brown and Denis the Menis. They were showing off baseball cards with Scruff and Snoopy.
Following that came a trip to the library, where I took my wife and four children. We went to Peter Piper, then to see fireworks after that.
This is what life is in America. I don't really see this economic doom. Every person makes about 100,000 dollars a year. When you turn 18 the government gives you money to buy a house. After that they pay for your medical and electricity bills.
Once your kid gets out of high school they can sign up for a new car, and of course claim the money the government gives them for a house. Generally a wife will be given with 2 kids at the least.
Once the kids turn 5 they are ready to start school, which is free.
Mixed with this free living comes new Taco Bells, Toys R Us stores, and Malls which the government builds for us. All it takes is a group of construction workers to volunteer for the job. Most don't refuse to do it since they always let themselves be seen in pictures smiling.
If you wish to purchase something that is over a million dollars, all you need to do is wait for a rich Indian man to come along and buy it for you. Many people think money is hard to come by. The truth is that a Hindu Indian doctor or a Chinese lawyer will hand you money out of kindness. I don't mean a quarter, or a dollar. I'm talking checks for 10K.
Is it racist to call out a fraud? Is that the best you have 4:31?
ReplyDeleteYou want an example of racism? Try to get a federal contract without hiring the government's dictated quota of minorities. Never-mind that you may offer the best value to the taxpayer, it's all about color and plumbing. That's racism buddy.
Take you delusion elsewhere, this is one key reason the economy is trashed. Redistribution and that fraud that sits in the people's house is racing into economic hell.
Jerry (5:52) - Is this an attempt at (really bad) humor? If it is, you're definitely NOT funny and you think it is, I think you have a screw loose. Don't waste our time with such stupid posts.
ReplyDeleteWhat would you prefer me to say? Something like,
ReplyDelete"We're screwed! Get yourself armed, and don't be afraid to shoot people. Read about Argentina or Bosnia..."
Shit's bad enough already, I'm just trying to lighten the mood. But heaven forbid anyone from being funny. Bring on more morbidness!
Here I am!
ReplyDelete