It has absolutely nothing to do with unemployment, increasing foreclosure rates, higher taxes, lower tax revenues, the shrinking of America's economy, or the fact Obama wants to enslave us all into government welfare.
It has to do with the almighty American dollar, which is becoming even weaker & useless every day, Gold is rising in value each and every day, and the American dollar is becoming so weak, the Canadian dollar which we have made fun of for literally decades in America, is nearly worth as much as the American dollar now.
The Canadian currency, nicknamed the loonie for the aquatic bird on the C$1 coin, appreciated 0.5 percent to C$1.0370 per U.S. dollar yesterday in Toronto, from C$1.0422 on Oct. 9. One Canadian dollar buys 96.44 U.S. cents. The currency climbed to $1.0207 on Oct. 15, the strongest level since July 29, 2008. The loonie and the U.S. dollar last traded on a one-for-one basis on July 22, 2008.
As Washington D.C. continues to devalue our dollar, the Canadian dollar is almost worth the same as the American dollar (keep this in mind, our currency use to squash the Canadian currency, now the Canadian currency is growing, as ours is devaluing), if that does not prove our economic situation is in trouble, I don't know what does.
-- Tim K.