Comments on: What Will Happen to the U.S. Dollar? https://phantasmix.com/what-will-happen-to-the-us-dollar/ Stock Market and Personal Finance Tue, 03 Jul 2007 03:54:18 +0000 hourly 1 https://wordpress.org/?v=6.8.1 By: Dan https://phantasmix.com/what-will-happen-to-the-us-dollar/comment-page-1/#comment-595 Tue, 03 Jul 2007 03:54:18 +0000 http://www.phantasmix.com/index.php/2007/05/20/what-will-happen-to-the-us-dollar/#comment-595 Dear Miscellaneous
My wife and I are dual citizens of CND and USA.
We lost a small fortune in the stock market in 2000 when Bush was elected. We were in a third world country and lost phone and internet service for more than a month and were unable to sell. We lost around $30k. It would have been more but the market came back in 2005 and I got completely out of the markets. The stock market I am convinced is for the supper rich to steel the pocket change of average joe. Realestate is the way to go. I recently bought U$130k from Canadian at .92 per dollar. I am kind of bitting my nails hopping that the exchange rate goes back down to get back into Canadian Dollars. Alberta beef, etc is sold in the states mostly even though Canada is finding new markets for various products. China and the states are compeating for Alberta oil. There are so many minerals in Canada, yet the government is not developing these things but rather settling for pennies and sinning these things over to multinational companies who make most of the money. All that to say that our Canadian economy is very dependant on the USA. The whole world is dependant on it. Wall Mart has gone into joint ventures with China to build a port in Mexico to bring goods into the usa. China sells all over the world but the USA is a major part of their export. I believe that there is a plan in place to unite Canada the USA and Mexico. The people dont want this but the elitists do. They will cause a crisis or take advantage of one in order to scare the Americans into accepting this idea. Canada has already signed on even the people dont know it. Therefore because of Canadian oil and the small population canada is the place to put your money. Put your extra cash into paying off your house and car. There is no better investment than to be totally debt free. Then all the interest you are paying now will be cash in hand. Use that to buy property or valuable, tangeble items that can be sold or traded. The states are going to crash real soon because of debt. You cant go wrong getting out of debt. The USA is not going to disappear but the dollar cant be propt up again like it was in the 80s.
No matter what happens the bible says that there will buying and selling until the last day. The USA appears to be on a coarse of bank ruptcy. Then those who are solvent buy up the deals. You cant do that unless your out of debt. China wants more raw materials than Canada can ship to them. That gives Canada a positive cash flow.
Pay off your home, etc. Any interest you are paying will be money in your pocket. Any tax deductions you can get buy borrowing money is a joke. It only works for the supper rich and the dishonest. Use your money to get out of debt. If you have not debt. Relax, its all in Gods hands. All these things must take place. If you have faith in Jesus there are no worries. If your faith is in the almighty dollar then you will never have enough.

Invest in Canada by paying off your home
Cheer for the Edmonton Oilers.
Put your faith in Jesus to be saved.
God bless
Dan

]]> By: Wolf Stone https://phantasmix.com/what-will-happen-to-the-us-dollar/comment-page-1/#comment-561 Sun, 27 May 2007 03:26:34 +0000 http://www.phantasmix.com/index.php/2007/05/20/what-will-happen-to-the-us-dollar/#comment-561 Phantasmix,
Given the current state of the U.S. economy and the contrary state of the Canadian economy, most analysts predict further depreciationin the U.S. WHile i know analysts are wrong a good chunk of the time, from an economic perspective- with some countries decoupling their currencies from the U.S. (eg.Kuwait) and others tightening their monetary policies.. the deteriorating fundamentals of the american economy foretell one thing to me…you’re better off invested in currencies other than the american dollar.

]]> By: Phantasmix https://phantasmix.com/what-will-happen-to-the-us-dollar/comment-page-1/#comment-557 Tue, 22 May 2007 18:51:54 +0000 http://www.phantasmix.com/index.php/2007/05/20/what-will-happen-to-the-us-dollar/#comment-557 Oh it’s totally unpredictable. And Forex scares the hell out of me, I’d never try capitalizing on currencies. Just would be nice to not ‘lose’ any more money like that 🙂

]]> By: The Sarcasticynic https://phantasmix.com/what-will-happen-to-the-us-dollar/comment-page-1/#comment-555 Mon, 21 May 2007 22:38:29 +0000 http://www.phantasmix.com/index.php/2007/05/20/what-will-happen-to-the-us-dollar/#comment-555 I’ve found that trying to predict cross-country conversions is an exercise in futility, so I don’t bother to try to capitalize on it anymore.

ps: Regarding cliches, try this on:

There’s No Fool Like an Old Fool and His Money are Soon Parted.

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