Loonie, Peso Plunge On Report US Pulling Out Of NAFTA

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.

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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.

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Comments

toady Wed, 01/10/2018 - 14:18 Permalink

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....

Moe-Monay Bes Wed, 01/10/2018 - 17:41 Permalink

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 by Bes

Singelguy Moe-Monay Wed, 01/10/2018 - 19:36 Permalink

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 by Moe-Monay

Moe-Monay peopledontwanttruth Wed, 01/10/2018 - 17:50 Permalink

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 by peopledontwanttruth

Dilluminati toady Wed, 01/10/2018 - 15:43 Permalink

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 by toady

lester1 FullHedge1 Wed, 01/10/2018 - 15:03 Permalink

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 by FullHedge1

lester1 Wed, 01/10/2018 - 14:19 Permalink

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! 🙂👍

BigWillyStyle887 BigWillyStyle887 Wed, 01/10/2018 - 14:26 Permalink

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 by BigWillyStyle887

BigWillyStyle887 wisehiney Wed, 01/10/2018 - 14:48 Permalink

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 by wisehiney