KIT

Buffett Finally Admits the Dollar Is Doomed

Buffet made 400 million on CAD but moved back to USD and so continued to ride USD down.

Simply moving to CAD does not really get you anywere because CAD is given as a % of USD so even if CAD goes to par ( one to one with the USD ) you are still tied to the falling USD.

If you buy CAD at par ( as an American ) you are going to lose money because as a commodity based economy relitive high value CAD kills our economy.

The normal relationship ( the workable one ) puts the division USD value 78 to CAD 94 at mid 70s eg 94% of 78 = 74

In the past USD was at 115 and CAD was 62 or 62% 0f 115 is again 72

Every time the mid 70 relationship is where Canada can function

Other countries have their own workable value

Trying to escape to other currencies without knowing this is dangerous