REG CROWDER

How Low Can the Dollar Go?

Dear MAD HEDGE,

For the record, Bill Cara knows EVERYTHING about Canada. Prior to launching his trading advisory firm in the Bahamas, he had a lengthy and successful career in business in Canada. Among other things, he was the co-founder and CEO of Qtrade Investors, Canada's leading online broker. And so on. You get the picture.

As for your observations on the Canadian economy, you are absolutely correct. The Canadian dollar certainly has a brighter future than the U.S. dollar. You only need U.S. dollars if you need to buy something from the US. And the U.S. has nothing to sell but debt securities.

There's a good reason for the Fed and Treasury constantly saying they aren't going to monetize the debt: Because that's exactly what they're going to do. They have to. There's no alternative.

REG CROWDER - www.RegCrowder.com