Our Currency WILL Hit “Rock Bottom”

November 5, 2007 · Filed Under Business, Money, Opinions, Thoughts 

Welcome to America, the land of an under performing and increasingly irrelevant currency, the American Dollar. As of today, a Canadian dollar is worth $1.0685 US, which means our friends in the Great White North have a great advantage on American vacations, shopping and more. What was once a luxury for us, is now being enjoyed by others at our expense.

Quickly, our currency is becoming the laughing stock of the world’s markets. It is also a strong indication that we’re heading toward turbulent times in the American economy — IF we don’t act fast, that is.

We are a nation of 300 Million strong, yet have one of the poorest performing currencies to date. Is America becoming irrelevant? Are we losing our image as the “Land of Opportunity?” Sure, we might have more wealth than anywhere in the world, but it won’t matter much if our currency continues its erosion towards worthlessness.

Is there a short-term solution? Highly unlikely. Long-term? Sure, but at a GREAT cost. We are no longer immune, America. Welcome to the beginning of real pain.

Comments

One Response to “Our Currency WILL Hit “Rock Bottom””

  1. Neil Duckett on November 9th, 2007 5:53 am

    Hi Ronald, love the site. Can you PLEASE tell me how to add Google Adsense to the RHS of your blocg posts ….. it`s killing me trying !

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