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originally posted by: stirling
www.cbc.ca...
It appears weak oil prices are dropping the loonie like a hot potato.......
A slide to 75 cents or below is expected......
Its a wonder Canadians don't wake up to the fact that Big Brother down south is tied into the Saudi oil cartel and manipulating the oil prices......
Don't these arseholes realise they are weakening their allies as well as their enemies economies?
Its fine for the US but murder on other countries.....Just goes to show we have no loyalty in the US betweein it and its partners....
Time to dump the greedy Yankees and embrace China.....
Why should we support these greedy slime when they keep trying to screw Canada?.
originally posted by: intrepid
One sector loses, one sector wins. A lower dollar is a boon to our manufacturing sector. Sucks if you're in oil.
The rise in the US dollar is fraudulent, other currencies are dropping like stones, so to make it appear that everything is A-OK, the US dollar has to have the "appearance" of being on the rise.
The only reason why China is manufacturing so much is because they hold their currency value at a certain ratio below the dollar so manufacturing is dirt cheap, combined with their giant labor force.
Cause there are now more people enjoying a higher standard of living in China ...
originally posted by: CranialSponge
a reply to: bobs_uruncle
The rise in the US dollar is fraudulent, other currencies are dropping like stones, so to make it appear that everything is A-OK, the US dollar has to have the "appearance" of being on the rise.
^^^^ this !
Manipulation of the reserve currency, precious metals, and oil.
It's a neverending game of smoke and mirrors.