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Canadian dollar value is greater than USD
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<blockquote data-quote="wkmac" data-source="post: 270298" data-attributes="member: 2189"><p>There has been the suggestion that the US monetary powers that be are in fact weakening the dollar on purpose of competitive advantage on the export side. They point to certain Asian countires who did in fact weaken their own currency by stockpiling other currencies as reserve currencies which they inturn gained a competitive position on export prices and thus advantage in that market. </p><p></p><p>Problem in doing this is the effect on the domestic capital markets which rolls down hill to the average debt borrower. The short term effects can be horrific with a payoff in the longterm. Or, the average little guy gets squeezed while the big guy gets market leverage. When good times roll again, the little guy is working to rebound what he lost while the big guy makes out like a bandit! This is the kind of things you get when you have a centralized, regulated monetary and business market (Capitialism) instead of an open free market based on Laissez-faire economic ideals.</p><p></p><p>JMO.</p><p></p><p>Ironically Presidental hopeful Ron Paul wrote a weekly piece with connection to this subject back in Jan. of this year.</p></blockquote><p></p>
[QUOTE="wkmac, post: 270298, member: 2189"] There has been the suggestion that the US monetary powers that be are in fact weakening the dollar on purpose of competitive advantage on the export side. They point to certain Asian countires who did in fact weaken their own currency by stockpiling other currencies as reserve currencies which they inturn gained a competitive position on export prices and thus advantage in that market. Problem in doing this is the effect on the domestic capital markets which rolls down hill to the average debt borrower. The short term effects can be horrific with a payoff in the longterm. Or, the average little guy gets squeezed while the big guy gets market leverage. When good times roll again, the little guy is working to rebound what he lost while the big guy makes out like a bandit! This is the kind of things you get when you have a centralized, regulated monetary and business market (Capitialism) instead of an open free market based on Laissez-faire economic ideals. JMO. Ironically Presidental hopeful Ron Paul wrote a weekly piece with connection to this subject back in Jan. of this year. [/QUOTE]
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