A friend sent me a simple email message this morning:
HAPPY WEDNESDAY!!
For the first time in my lifetime (I think) the Canadian Dollar is worth more than the American Dollar. Somehow I think that is the type of thing that will resonate with low information voters…particularly in the northern border states. It strikes at our national prestige.
Over at Daily Kos, London Yank points out that the grim reality:
* The US dollar has now lost more than a third of its value (-35%) against a basket of major currencies since Feb 2002.
* The decline is accelerating. The USD has shed 2.5% of its value in the last year, 3.5% in the last month, and 1.5% in the last week alone.
You should visit other sites for expert advice on what this all means. And, depending on your savings, you may need to consult financial advisers to protect your assets. A run on the banks is possible and you will only be insured up to a certain level. Don’t be a passive victim. The shit is finally hitting the fan.
