Tuesday, February 16, 2016

Canadian Dollar is Collapsing!


Canadian Dollar Will Drop To HALF A CENT! - What You Need To Know
Published on Jan 18, 2016
As experts claim the Canadian dollar will hit 59 cents or less, there's no sign it will stop falling. Jeff Berwick (The Dollar Vigilante) says 2016 will be a bloodbath. Legendary author G. Edward Griffin gives the dollar 2 years at the most until its inevitable collapse.
In this video, WAM's Josh Sigurdson meets with economist and author John Sneisen to talk about the coming economic collapse and how experts are not telling the whole story. John Sneisen predicts that the Canadian dollar will hit half a cent in value and from there of course collapse.
As the worthless IOU paper money is printed and people lose confidence in the dollar, inflation rates become rapid and interest rates become more of a tax than anything as they hit negative numbers. As central banks and central economic planners plunge the dollar's value in nearly every country in the world, the fact that the Canadian dollar is doing so much worse than the useless American FIAT dollar says a lot. As people lose confidence (rightly so) in the Canadian dollar, it will continue to plunge and we'll see something similar to what happened in the Wiemar Republic back in 1923 Germany. We're already seeing a mimic of what was happening in 2007 directly before the recession, but because of the build up of debt since, this crash will be far more dangerous.
Though, the idea still stands for some unknown (most likely economically illiterate) reason that if you keep trying to build on the dollar and save it as well as raise a debt ceiling of sorts, you're going to save the dollar. This is untrue. Temporarily it can be saved, but only for it to crash even harder later on. We still have a temporary band-aid economic system from wartime that reigns over us as it's centralized and pushes us all into debt slavery. Of course this is what the government wants and this is what the central banking cartel wants.
What we need to do is allow the system to collapse and build it up naturally as individuals and allow the free market which currently doesn't exist to flourish as it has successfully in the past before being manhandled.
Since China printed the first IOU paper currency back in 1024, history has shown this method to be dangerous to a society and its people. It doesn't work and never has for long periods of time. It has only led to debt, inflation and devaluation.
We thank John Sneisen for giving us this prediction and warning. He gave us solutions as well which have been proven to be sound for thousands of years.
You can find John Thore Stub Sneisen's book "The End of Freedom: How Our Monetary System Enslaves Us" on Amazon! You can also find more of him at The Economic Truth. Check out Freedom Force International if you wish to get involved in an initiative fighting this collectivism!


Fall of Canada Prepare Yourself
Published on Dec 8, 2015
Canadian Dollar Forecast To Fall To 59 Cents U.S. As Economic Clouds Darken
The Huffington Post Canada    |  By  Daniel Tencer  
Posted:  01/13/2016
Imagine a Canadian dollar that’s worth little more than half of a U.S. dollar.
It may have been a seemingly unthinkable scenario just months ago, but with many analysts now predicting US$20-a-barrel oil, that prospect for Canada's oil-linked dollar is now on the horizon.
Macquarie Group analyst David Doyle is predicting the loonie will fall to 59 cents U.S. by the end of this year, due to the ongoing commodity price slump, weak manufacturing and a heavily indebted Canadian consumer.
Bloomberg Business calls Doyle the top forecaster of the Canadian dollar. He was among the first to predict a 70-cent loonie.
A 59-cent dollar would be nearly three cents below the loonie's all-time low of 61.79 cents U.S., in January, 2002.
The Canadian dollar has fallen from more than 83 cents U.S. a year ago to less than 70 cents U.S. on Tuesday. (Chart: xe.com)
Doyle’s forecast follows the loonie’s dive to below 70 cents U.S. on Tuesday, the lowest level the currency has seen since the spring of 2003.
He is among a growing number of analysts who now predict the Bank of Canada will cut interest rates again to stimulate the economy, perhaps as soon as next week. That would increase the spread between U.S. and Canadian interest rates, putting further downward pressure on the loonie.
The likelihood of a cut is growing because Canada’s economic situation appears to be darkening. Economic growth stalled in the fourth quarter of 2015, and a new Bank of Canada survey suggests hiring intentions in Canada are at their worst level since the financial crisis of 2008-09.
“You could imagine the situation is worse today than in the 1990s,” Doyle said earlier this week, referring to the last time the loonie saw a prolonged decline.
“We’re much more dependent on oil now than we were in the past.”
The produce section is seen in a Metro grocery store in Quebec City, March 4, 2009. Fruit and vegetable prices have risen by 9 to 10 per cent over the past year, and more price hikes are expected as the loonie falls. (Canadian Press photo)
The loonie’s fall is expected to have a positive impact on Canadian exports in the long run, as it makes Canadian companies more competitive in the global marketplace. But in the short run, such a steep decline in the loonie will likely mean pain for consumers, who can expect to see substantial hikes in prices of imported goods, including staples like fruit and vegetables.
Oil prices rose more than 2.5 per cent in early trading Wednesday, after falling for most of the trading sessions since the start of the year. West Texas Intermediate, the benchmark for North American oil, was trading at $31.21.
But Canadian oil sands product sells at a discount the WTI price, and was trading at around $16.60 at the end of the last trading session.
Cool Currency
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FUN FACT: Hong Kong's currency includes colorful paper and polymer notes. The notes include eight security features, most of which are visible to the naked eye.
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FUN FACT: South African banknotes feature the "big five" animals of the country, which include the lion and elephant.
Honduran Lempira
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New Zealand Dollar
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