Exactly WHO is screwing with the Loonie?

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?.

One sector loses, one sector wins. A lower dollar is a boon to our manufacturing sector. Sucks if you're in oil.

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.

what manufacturing sector?

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?.

Isn't the lower dollar good for our exports? I know China has been accused of devaluing their dollar to make their goods more attractive (benefit of being a communist country with 2 sets of books).

I am scared of China. They have no decency. Remember they asked to bring in their own work force to extract our oil so they wouldn't have to pay Canadian workers.

I don't know who is screwing with the loonie at this particular point in time, but from the link below, it appears we've been screwed royally many times. Save us Canadian bankers.

www.cbc.ca...

Annex Alaska after proving beyond a shadow of a doubt thats where ISIS keep their WMD's, build a road/rail bridge to Siberia and join the SCO.

WIN.

a reply to: stirling

Weak loonie is a good thing for Canada, except if your one of those "black sh**" producer of the west.

Since parity of CAN$ w/t US$, lot of mfg capabilities have moved to US, a weak currency give definitive advantage to an exporting country.

Remember how the US have always been pissed off by the Chineese keeping their currency on the low side.

As for the Canadian "black sh**", look how vulnerable they are to the Saudis's little price war... Better wait for the Saudis's oil well to dry off before tapping into tar sand ressources.

Helping and screwing our allies is normal politics, no nation is innocent of that

a reply to: stirling


You;d rather side with a command economy that has an average individual income of approximately $6,600.00 a year.

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.

I don't think your happiness or well being would necessarily increase with China running everything, just sayin.

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.

Ummmm, what manufacturing sector, where is this manufacturing sector LOL ? Mulroney and Harper destroyed that with NAFTA, CAFTA, TPA, TPP, etc. We are nothing more than a service economy with US based manufacturing of large products, plus we have a lot of resources Hapernista is getting rid of in the huge US/China fire sale. We're pooched, stick a fork in it, it's done.

Cheers - Dave

a reply to: 1Providence1

Really?

Cause there are now more people enjoying a higher standard of living in China than in any other nation on the planet. So....

Is this why Canada is offering citizenship to the Chinese for $2,000,000.00 a head?

I've seen manufacturing jobs in the states that they can't find people to fill.

Because of our obsession with you must have a college degree. Even when they will accept unskilled labor, it's just more specialized than general manufacturing.

a reply to: stirling

To answer your question, that would be the IMF/BIS along with the FED and the Bank of England. The IMF/BIS provides the working orders to the Bank Of Canada (a private central bank). The government has no control, although they will vehemently state that they do ROFL. 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.

I would say look to mid-end March 2015 for a financial event, situations and events seem to be on the rise, which is an indicator of chaotic disorder (wide swings) before a collapse. Until then, stock up on canned goods, make sure you have a generator and fuel, if you don't have a fireplace, get a wood burning stove, try not to be in a city if you can help it. It won't be pretty if and when it happens, but cheer up, the worst is yet to come ;-)

Cheers - Dave

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.

On a more positive note...

The gold and oil industries in Canada are laughing all the way to the bank with this situation right now because they mine/extract in Canadian dollars (labour and material costs) and sell in US reserve dollars (sales revenues).

a reply to: 1Providence1

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.

You know, those Chinese have a plan...

a reply to: Dabrazzo

Cause there are now more people enjoying a higher standard of living in China ...

And this is part of that plan.

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.

Yep, it's all manipulation, just look at silver. Silver has traditionally been 1/14 the value of gold per ounce. Gold is $1,200+ and silver is less that $25????? WTF is wrong with this picture? Oh yeah, JP Morgan has been manipulating the price for quite a few years because silver will be one of the next planned accelerating commodities.

The financial system is a bad joke, it NEEDS to be taken apart.

Cheers - Dave

C an someone tell me why gas went up $ .40 this morning???

Canadians have been leeching the benefits of their geography with the US for years. It must be nice to have 'clean hands' and get to have all the benefits the US offers at the same time.