Even the Africans are de-dollarizing.
https://www.rt.com/africa/607507-dedollarization-aid-africa-development/
Transitioning to a multipolar world does not in any way insure a countryâs sovereignty will be respected.
No it doesnât, but it means that Africans will have alternatives if some crazy American leader (just hypothetically an obese orange idiot, for instance) did things that werenât in Africaâs interests. If that happens, African can turn around and deal with China or India or Russia or others. Itâs really much better for them.
As if China, India or Russia wouldnât do things that arenât in Africaâs interest.
They would, obviously, but Africa now has choices.
I suppose they should be grateful for choices.
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Some tariffs make sense. Tariffs on Chinese cars are needed to save the US auto industry for instance. If Americans could buy $10k Chinese electric cars, they would.
Trumps 10% global tariff is just going to raise prices on everything in the US, and make the rest of the world sell to each other instead of the US.
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This thread is about the USD just saw a news article that speculated the CDN dollar which has slided in value versus the American dollar might go to record lows against it.
That would be good for our economy long term. We need to trade less with the Americans and more with other countries.
Good for luring tourists here to spend money but Americans will buy more of our land and more companies here. Be great if we could trade more with America and the other nations of this planet.
I donât agree at all. The last thing we want is more trade with the US. Our foreign trade is far too dependent on a single country.
We should also ban foreign ownership of Canadian real estate as the Kiwis did.
At the moment I do not want to ban foreign ownership of property here. Many CDNs own property in foreign countries one of my relalatives owns a air b and b in Point Robertâs, Wash.
Obviously any property already owned by foreigners would be grandfathered, but the more we can take real estate out of the hands of speculators and put it in the hands of citizens wanting a place to live, the better.
A nice house should cost no more than $400,000 instead of the $3 million it now costs in Vancouver.
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Property will keep rising in value as more ppl chase a finite land base.
Our land base is finite only through artificial restrictions on development. We have over 15 acres of habitable land per person. Call it 45 acres per family.
A nice house in Vancouver costs $300,000 for the building and $2.5 million for the land.
If we opened up the (useless) farms around Richmond and Delta to development, and banned foreign purchases of real estate, I am quite sure our real estate values would drop.
The purpose of a city is not to make people gain unearned wealth through real estate holdings. It is to provide a place for people to live comfortably and raise families.
Real estate is also a major source of asset growth for around 65% of Canadians. Farmers have a lobby group we have the ALR in BC since 1972 and ppl get quite upset if itâs messed with. The Spetifore lands in Delta, BC were proposed for development in the 1980âs now in 2024 maybe 20% of it are developed. The experts on TV tell us food security is important and farms close to cities are a big part of that there are a number of farms still in Surrey and some have for some reason have been fallow for years Delta as well. Some ppl are into Farmers Markets.
Totally unrelated there was a Native teen girl busted by Paladin Security at Guildford Mall the video was on City News she says they stopped her for shoplifting and busted her cellphone. Her Dad says the European ppl with her were not stopped. The security guards say she spit on them but they are not now claiming she boosted product so why did they stop her in the first place? Paladin used to be good but had gone downhill.
Trump truly is an imbecile. lol. Let him put 100% tariffs on China and India. The American economy is about to be led by a child who doesnât understand who pays tariffs.
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Bizarrely it will be interesting to see what happens.
I think weâve established that consumers pay but only if we buy what theyâre selling. If itâs that expensive, the rich will have to sustain the economy, right? The rest of us will have to wait for hand-me-downs and sloppy seconds. 
I think you know whatâs going to happen, donât you?