Gilbert A...

It's a Great Time to Be an Inflationista

Yes Bowman 711,

I agree that the Canadian curency went down to .63 cents, like it droppes to .78 in two weeks. Why ? mainly as an important resources exporting country, our dollars goes down if the demands in such importing sectors are down.

At 63 cents some years ago, oil was cheap, gold was 300 an ounce and so on. On the other hand; low canadian dollar meant it was easier to export manufacturing goods. Manufacturing sector is in recession since 2006..

Let's remind us when the conservatives runned by Mulroney, with Michael Wilson as finance minister, they spent billions and billions for the only goal to maintain the currency. The national debt was about 240 B. and ended at 650 B.

I am tired of those politicians talking about cuts, cuts, cuts, strict economics, and at the end of it, the case is simply but surely worse.

And, unfortunatly, it is cruely true for those conservatives politicians.

anyway, I fear right now with all those monney printed, we going to crush currencies, wich could erase some of the debt, but create a LOT of inflation. Maybe some major currencies could be history within months. The US dollar could one of them.

Good election night to you all.

Ciao

Gilbert .:



On Nov 04 12:34 PM bowman711 wrote:

> I would remind Gilbert of Terrebonne, Québec that it was durning
> the Canadian Liberal Party's tenure that the Canadian dollar dropped
> to a low of 62-cents when compared to the U.S. dollar. What the Liberals
> were saying, in essence, was that Canadian business couldn't compete
> with American business in productivity and effeciency so they had
> to bring the Canadian dollar down to make it SEEM Canda's products
> were cheaper.

It's a Great Time to Be an Inflationista

It is funny reading the '' Democrats'' love too spent other's money.

Since the last 8 years the GOP administration increase the US national by more more than 200%. It is the same here north of the border.

Conservatives inherited of a surplus in the budget, and now they are in deficit. last time we had a conservative elected in Canada, was M. Mulroney, friend of M. Bush and Reagan.

Guess What ? ...The national debt triple in 8 years !!!!!

The more conservatives say they care about public finance, more likely you, and your children's children will pay for it.

My two pennies, May send it to the treasury : ))))

Gilbert
Terrebonne, Québec