The Canadian Dollar is not a Safe Haven

By | July 5, 2021

Jeff of The Dollar Vigilante also highlights five top reasons why the Canadian dollar will not survive a US dollar collapse:

  • The Canadian economy is very tied to the US economy
  • The Canadian Government is intent on devaluing the Canadian dollar alongside the US
  • The Bank of Canada has virtually no gold backing the Canadian dollar
  • All that does back the Canadian dollar is the US dollar and other fiat currencies
  • The Canadian dollar is not used globally

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