In this video, I talk with author and economic analyst John Sneisen about the Canadian dollar as the media claims it's soaring following the hiking of interest rates at the Bank of Canada.
The reality is that the US fiat dollar is being so heavily devalued that the value of the Canadian dollar appears to be going up in comparison. The fact is, the Canadian dollar is continuing to fall.
President Trump has called for further devaluing of the US dollar at the Federal Reserve in order to be more competitive (which is incredibly dangerous considering the negative interest rates we're seeing coming at us like a freight train).
Canada has vast amounts of debt and the economy will crash. Like the US fiat system, the fundamentals are off the table due to the level of manipulation in the monetary system but we know it will come down as all fiat empires have. Canada's trade deficit is at 3.1 billion dollars and if the Canadian dollar did indeed go up in value, there would be an even worse debt crisis.
The fact is, the sooner the fiat system crashes the better as the longer it's pushed outwards, the worse it's going to be.
The central banks have been desperately attempting to raise interest rates so they can drop them when the economy calls it quits, but in order to drop it enough, both Canada and the United States would have to go into negative interest rates. And besides, if the US economy alone crashed, so would the Canadian economy.
This is the reality of central planning. Central banks print fiat out of thin air, devaluing the currency and causing vast amounts of debt and inflation. Historically, this has ALWAYS had the same end results. This is why so many IMF member nations are attempting to quickly push towards a centrally planned cashless society.
As it goes, if your money's in the bank, it's not yours, it's the bank's. If your money is ALWAYS going through the banks via legal tender laws, central planning and digital transactions, you don't hold it in your hand and therefor it's NEVER your money and it's ALWAYS the bank's. This puts you in perfect servitude to the state and banking system.
And the establishment loves debt. A populace in debt and a populace in poverty is a populace in servitude.
There's debt in the monetary system. Debt in the markets. Debt everywhere you look and this will not change until the system is collapsed and rebuilt on a voluntary basis via the demand of the individual.
So despite the Canadian dollar climbing 0.74 cents to the US dollar to 82.53 cents to the USD, this is all irrelevant to the true devaluation of the Canadian and US dollar. Be prepared and financially responsible folks. It's more important than ever.
