How will Canada and the Canadian dollar be impacted by the collapse of the U.S. dollar as world reserve currency for oil? Robert Fisk reveals in the London Telegraph on Oct. 6, 2009 that the U.S. dollar is about to be dropped as the medium of exchange for oil by Russia, China, Brazil, France, Japan, and the key Arab states. These nations are deciding without British or U.S. participation to replace the dollar with a combination of gold, Japanese yen, Euros, and Chinese yuan. Already today gold and all commodities are jumping up against the dollar. Gold is over $1040 an ounce. What will Canada do if the U.S. dollar collapses? CAL Original article
What Happens To Canadian Dollar?
October 6th, 2009 · Post your comment (No Comments)
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