Some of us were the first to write about the collapse of the US economy on this very website based on information borrowed from expert(s) analysis.
We also predicted the run away price of gasoline for automotive. We predicted it at 1.25 per liter while it is actually 1.35 today.
Now comes the next major prediction for CANADA based on Prof.Atkins, Calgary report on the USD - CAD exchange rates and the consequence to the Canadian economy.
He has predicted the doomsday to Canadian economy when the exchange rate reaches 1.15 to 1.20 from the current rates of 1.05. This is based on the information that Canadian economy is heavily based on exports to USA.
Many a Universities in USA are converting their holdings from stock market to actual gold holdings stored in vaults within the university campus.
The question is how fast are we going to reach that exchange rate for the Doomsday to happen.
Based on the gasoline pricing experience it is just around the corner.
Hope we are prepared for that day !.
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