However, here in the United States of America, our currency is just a tool in a horrible game that is being played by the leaders we have in Washington...and it is now about to get even worse.
OTTAWA (AFP) – The Canadian dollar, or loonie as it is affectionately called here, is likely to soar above parity with the US greenback this year, experts at a Canadian bank said Wednesday.
Canadian Imperial Bank of Canada (CIBC) chief economist Avery Shenfeld said the Canadian dollar had already gained several cents in recent weeks as the market firms up expectations of an interest rate hike in July.
If as expected, the central bank "is out in front of the US Federal Reserve by a couple of quarters" in raising interest rates, the Canadian dollar could reach 1.02 dollars versus the US dollar by September, before dipping back to 0.97 dollars by year end," Shenfeld said.
It is despicable to think that this is actually happening, but when people in this country are uneducated and they vote, this is exactly what we get.
It is time to stand up and demand that this nonsense stop right now! We need the R3VOLUTION of ideas very quick, or we will no longer have money to get by as a society.
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