Well I believe I've found the reason why the Canadian Dollar lost it's correlation with oil as of late, It must have something to do with the enormous External and Government Debt, along with the Ponzi scheme they're running. As you can see historically When USOIL rallies the Canadian Dollar is the place to be but the country has become addicted to the debt Ponzi and people are taking notice. Just look at the steady population growth when compared to the USA, with a population 1/10 the size we have more immigration somehow so where do they fit all these people they never fail to import? Trick question because that's a big source of fuel for the housing Ponzi that's been running for longer than I've been alive. Trudeau and his NDP alliance are going to spend the government into insolvency or pseudo-hyperinflation and blame it on capitalism, Canadian conservatives know all this but it still isn't clear to some of the more propagandized individuals who listen to our government funded media. Did I mention we don't even have our gold reserves anymore to back the currency if it comes down to it? Haha yep
out genius officials decided fiat currency and SDR's were way better an asset so we sold all the gold to China. Crystal clear corruption that they can just write off as stupidity after the fact. Couple this with an extreme unwillingness to put our vast resources to use and you have a failed state in progress here folks. You know what to do. Short Canadian bonds, mortgage companies, long oil producers in other countries and short Canadian oil etc. Housing market has started to roll over and the BoC is beholden to asset prices more so than the US so that says a lot.
out genius officials decided fiat currency and SDR's were way better an asset so we sold all the gold to China. Crystal clear corruption that they can just write off as stupidity after the fact. Couple this with an extreme unwillingness to put our vast resources to use and you have a failed state in progress here folks. You know what to do. Short Canadian bonds, mortgage companies, long oil producers in other countries and short Canadian oil etc. Housing market has started to roll over and the BoC is beholden to asset prices more so than the US so that says a lot.
