The Canadian Loonie and Mexico Peso are plunging in kneejerk response to a series of Reuters headlines, according to which government sources report that the US will shortly announce it is pulling out of Nafta.
- CANADA INCREASINGLY CONVINCED PRESIDENT TRUMP WILL SHORTLY ANNOUNCE U.S. IS PULLING OUT OF NAFTA -TWO GOVERNMENT SOURCES
- CANADA PLANS TO STAY AT NEGOTIATING TABLE EVEN IF TRUMP SAYS HE IS PULLING U.S. OUT OF NAFTA AS SOME TALKS WOULD CONTINUE -GOVERNMENT SOURCES
- TRUMP NOTICE OF WITHDRAWAL WOULD BE SIGNIFICANT BUT U.S.-CANADA TRADE WOULD CONTINUE -GOVERNMENT SOURCES
As Reuters adds, the sources said they expected Trump would make his move at about the same time that negotiators from the United States, Canada and Mexico meet on January 23 for the sixth and penultimate round of talks to modernize the treaty.
Reuters also reports that Canada has begun preparing contingency plans for how to proceed if Trump gives a withdrawal notice, which is not binding and wouldn’t necessarily kill Nafta. Officials declined to say whether the chance of a withdrawal notice is more than 50%.
Predictably, both the USDCAD and USDMXN are surging in kneejerk reaction to the news that Nafta may soon be dead.
Without official confirmation, this could be simply a trial balloon, one launched the same day that China made its own vocal threat about boycotting US TSYs should the US launch trade war against Beijing. For now, however, algos are shooting first and not even bothering to ask questions.
Comments
Mexico looking better and better.... as long as you're under the protection of the cartel like me!
From 10 to 20, now maybe 30 pesos to the dollar... I'll live like a king!
At least until they cut my head off and leave it in the public square....
Running the world and all it's details in a global economy where you need everyone to at least buy your debt so you can be the biggest a$$hole country in history--- Is a lot different than running your company into the ground and defaulting right after you protected yourself.
None of this is going to end well.
In reply to Mexico looking better and… by toady
Cda (along with China) should dump all Treacheries and buy up every single Free ounce of GOLD still out there ...
GOLD will be 3 G's by Y-E ...
In reply to Running the world and all it… by peopledontwanttruth
Canada is one of the few developed country with zero gold in reserves... US sycophants in Ottawa gave it up to help control prices many years ago.
In reply to Cda (along with China)… by BaBaBouy
trade wars
are cover for corporate welfare
and more government pork
with john q taxpayer footing the bill
In reply to Canada is one of the few… by SRV
You gold fags sure do fully commit.
Let me repeat for you: GOLD IS NOT GOING TO BE A PANACEA IN A CRISIS.
It might take the edge of but don't be surprised if it takes an ounce to buy a loaf of bread. China is part of the monetary perpetual motion machine. The minute their exports decrease they might start right up buying again.
Agreed it is a clusterfuck. After more completely grepping how corrupt things are lately it makes me seriously tired because these assholes really don't leave an out if you want to live in a place where electricity is available.
In reply to trade wars… by Bes
The end of NAFTA is a MASSIVE positive for Canada. Mexico has been fucking killing Canada on a job stealing basis. Look at the fucking numbers.
Also: I hate Justin Trudeau as he is a fucking selfie idiot.
In reply to You gold fags sure do fully… by Moe-Monay
You are totally missing the point. You don’t save gold to use it to buy necessities after an economic and/or currency collapse. Gold is a store of value where you protect your wealth, better than 1’s and 0’s in a bank account. You stash your gold in a safe place, wait for the dust to settle and then convert it to currency which is then used to acquire other physical assets.
In reply to You gold fags sure do fully… by Moe-Monay
Canada has their's in the ground...safe from the hands of Liberals.
In reply to Canada is one of the few… by SRV
>>>Canada is one of the few developed country with zero gold in reserves
Nonsense! Canada maintains a very large pool of gold in deep storage.
In reply to Canada is one of the few… by SRV
Oh I think it's already happening in some form. It won't be just China or another 1-4 countries ditching the Treasures.
Look how they're acting now ready to start a war with anyone and everyone by just talking about it.
Wait until it happens. They'll destroy the whole world to prove it's their way or no way.
In reply to Cda (along with China)… by BaBaBouy
The US will STFU because your basic
American is not stupid and doesn't want to
be incinerated just for Wall St. and the banksters.
They have had enough of that already if posts on
this forum are any indication.
In reply to Oh I think it's already… by peopledontwanttruth
Yes but we posting here and other sites are a very small number. The majority of americanos are stupid and not paying attention to anything of real value.
In reply to The US will STFU because… by In.Sip.ient
Have all your ducks ........in a row, its going to be a bumpy ride.
In reply to Yes but we posting here and… by peopledontwanttruth
Very bumpy. The likes that nobody has ever seen
In reply to Have all your ducks … by 1 Alabama
My theory is "you know who" is controlling the overall big picture. They did ww1 & ww2 with all the attendant deaths so I doubt they will worry much about ww3 and death by nuclear. I know it's a bit of a long viewing thing but I suggest you watch this series of videos on youtube and deduce for yourself how there is a hidden hand and we're all getting a hidden hand job done on us.
Youtube: David I. playlist
.....note to what extremes they go to control the narrative. For those who like history you'll find it fascinating.
In reply to Very bumpy. The likes that… by peopledontwanttruth
Canada does NOT need to buy gold.
They have more than they know
what to do with in the ground...
They can literally float the CAD$ on a
gold standard simply from their typical
3 years of production...
Something to keep in mind for the not too
distant future.
In reply to Cda (along with China)… by BaBaBouy
Yup Canadians control a disproportionate amount of the gold mining sector worldwide.
In reply to Canada does NOT need to buy… by In.Sip.ient
Until the Chinese buy up every gold mine reserve (not just Canada) they can to support the petro yuan.
Fantastic way to spend 1.2 trillion of treasuries. That and OBOR infrastructure, funy muny well spent.
In reply to Yup Canadians control a… by pitz
I wouldnt be too loud about canadas in ground secrets. Canada could be taken by the USMC in weeks.
Dont hate the messenger.
RIPS
In reply to Until the Chinese buy up… by newmacroman
Rather than keep it "in ground", Canada could have a boating accident.
In reply to I wouldnt be too loud about… by Deathrips
I wouldn't bet on that. The USMC can't even beat their fictitious enemies
In reply to I wouldnt be too loud about… by Deathrips
Until its nationalized and canada is left holding a bag or worthless fiat.
In reply to Yup Canadians control a… by pitz
Canada SOLD the last of its gold last year!
In reply to Cda (along with China)… by BaBaBouy
Art of the Deal
the ultimate negotiator ... whats next?
In reply to Mexico looking better and… by toady
Well what did he do 4 other times negotiating his businesses
In reply to Art of the Deal… by Pandelis
Bullshit story.
1 Canadian Dollar buys you 80 US cents, same as it did yesterday.
In reply to Mexico looking better and… by toady
Yes, love the hyperbole in ZH headlines, it is down 0.7 cents or 0.85% on the news. I think we need a more accurate benchbank for the word "plunge".
In reply to Bullshit story. … by BarkingCat
The new Tylers are pretty sloppy these days. Makes you wonder what their agenda is.
For example. Where’s Tony Podesta and what happened to the Awan brothers?
In reply to Yes, love the hyperbole in… by opport.knocks
sloppy indeed
and i have too been wondering about the agenda
this site has been twisting, turning, and contorting to an unrecogniable state over the last 6-7 years
and it's only getting worse
In reply to The new Tylers are pretty… by Bay of Pigs
The economic systems of the elites are coming unraveled. Trump is the greatest thorn in their side, that they have seen in nearly 100 years. People are waking up faster than ever.
http://jimroger.blogspot.com/2018/01/jim-rogers-catastrophe-and-opportu…
In reply to Mexico looking better and… by toady
Ironically this helps illegals in the US, the exchange rate on their transfers being so much better....
In reply to Mexico looking better and… by toady
If yesterday you could buy a soda in say Mexico for 1 USD or 3 pesos, and then tomorrow you could buy a soda in say Mexico for say 1 usd or 4 peso, what changed?
If you are arguing that the full faith and credit will be in Peso I'm not sure if I'm following you..
In reply to Ironically this helps… by Disgruntled Goat
The real worth of a nations currency go far beyond the exchange with another, it is the quality of water, air, health care available, crime, infrastructure, etc.. SECURITY..
There were people who claimed South America dollarization was a cure to south American economies, if we sort of did a Euro thing and that as you see the Euro worked out drove a wedge between southern and northern EU economies.
I have always been a believer of American Exceptionalism, and that term is so broad as to be interpreted as equally broadly, but at the end of the day: it is the realization (to me) though not perfect the USA is a whole lot better than most of the rest of the world. There could be a sizable expat community looking to return from some regions where currency schemes lasted so very very long on carry trade, but that day is coming to a close.
https://en.wikipedia.org/wiki/American_exceptionalism
If you look at fracking, nat gas, food, water, etc.. security.. I think there is an equal argument that not all our trade partners traded fairly with us.. and they traded to the rules that were existing.. expect new rules..
In reply to Mexico looking better and… by toady
No reaction in shiny? Though shiny was going to the moon? Glad I loaded up on banks and crypto ...
uhhh, if the dollar is RISING, why would gold go to the moon?
This is just more evidence that NAFTA was bad for the US Dollar.
My advice to you....put every dollar you can into cryptos.
...as for me, a stronger dollar give an extended opportunity to buy real things....cheaper.
In reply to No reaction in shiny? … by ReturnOfDaMac
Not bad, 'specially the cryptos. Thanks. I'm outta ammo, but come payday I'm reloading. All things financial, bank stawks and cryptos. These days, making things don't pay but shearing sheep does. I'm buying sheep shearers.
In reply to uhhh, if the dollar is… by Antifaschistische
Ending NAFTA is how the wall gets paid for !!
A third post would be appreciated to drive home the point.
In reply to Ending NAFTA is how the wall… by lester1
you're about 90 degrees out of kilter there bub.
In reply to A third post would be… by FullHedge1
Oh shut your pie hole. I've witnessed dozens of factories here in Michigan close and move to Mexico over the last 25 years due to treasonous NAFTA. I've witnessed friends lose their good paying manufacturing jobs and turn to drugs and alcohol. I've seen marriages destroyed by job losses. The county I live in is broke and has barely any tax revenue. This type of stuff is NEVER told by the dishonest liberal media!! If we had honest journalism people would be thrilled NAFTA is ended!!
In reply to A third post would be… by FullHedge1
NAFTA is now NFW
No F'in way.
In reply to Ending NAFTA is how the wall… by lester1
Globalists will say.. all the crap made in Mehico like Oreo cookies just got more expensive with NAFTA ending.
That's fine.. I just buy American made cookies from my local bakery! 🙂👍
Orange Yeltsin Announces Special Trade Deal With Israel.
Not Happening. Trump didnt mean a fucking thing he said in the campaign and when hes done fucking us in the ass he will enjoy his retirement after this term is over.
Why the down votes pussies? Heres how the next 11 years go. Don fucks all of us in the ass because he is a jew loving faggot and said what he had to in order to be elected, he gets raped by a democrat in 2020. White people get fucked in the ass for another 4 years. The alt right comes to power in 2024, the union splinters and then this country irons out its issues the way everyone always knew deep down would happen.
Jot that down and dont forget it.
In reply to Not Happening. Trump didnt… by BigWillyStyle887
Strangely, I DO agree with your prediction. Only the splintering of the union might take place before 2024, or even before 2020. Time running out fast here.
And you forgot to mention that lots of pieces of the former union might be bought up by the Chinese, long term.
In reply to Why the down votes pussies?… by BigWillyStyle887
Like President Trump or not.
Name the last politician who did EXACTLY what he promised.
Kick em in the nuts Mr Trump!
NAIVE
President Trump was elected at a point in history where our culture and demographics are under attack and whites are threatened. ZERO other politicians were elected to protect our culture and history. This time is different.
After he not only fails to deliver but actually back tracks on everything he said, the frustration will fester and grow. Combine that continually declining economic conditions and you have a formula for large political swings. White people in Europe and America are VERY will known for their ability to make war on each other and invaders in times of upheavel.
The big picture is staring you right in the face and all you can do is cheer him on while he fucks us. If he stayed true to what got him elected and still failed the let down would be much more manageable. Instead he surrounded himself with jews, liberals, and globalists and proceeded to fuck us.
NO WALL
STILL OBAMACARE
STILL U.N.
STILL NATO
STILL DREAMERS
STILL FAKE NEWS MEDIA BRAINWASHING
STILL RIDICULOUS TAX CODE
STILL JEW LAWYERS AND KANGAROO COURTS RUNNING OUR FUCKING LIVES
STILL WHITE PEOPLE GETTING FUCKED AT EVERY MOMENT POSSIBLE
STILL WELFARE STATE
STILL FAKE STATISTICS
STILL FAKE MARKETS
STILL FEDERAL RESERVE
Shall I continue????????
In reply to Like President Trump or not… by wisehiney
"We" need to pull the hell out of something!