Flying Loonies, Unnerving Mind

Rain splatters on the windows, alarming those who are deep in slumber as if telling them that it’s time to wake up for a new day ahead. As usual, people of this electronic-obsessed era start off the day by checking possible e-mails and what’s happening in the world. After that making a pot of coffee to go with hasty breakfast to wake up their senses, and thus getting ready to have a productive day.

Everybody is talking about flying loonies due to faltering greenback and high crude oil price. It seems that there are lots of people exploiting from the unusual speed of appreciation of loonies. Canadian dollar was 95 cent v.s. greenback two month ago, and now it is close to $1.10 v.s. greenback, a whopping 20% appreciation in a short period of time. As a result, banks are packed with frantic customers waiting to buy U.S. dollar so they can shop across the border to make their hard-earned money work harder. After learning from the media that it takes hours to pass the border due to overcrowded Canadians “betraying” their own country to shop in the states, some zealous shoppers are willing to wake up in the godforsaken hour to avoid traffic jam near the border. I wish them good luck, and I hope the border guards get raised because of the overwhelming crowds.

Oh, I almost forgot to mention that flying loonies is not solely attributed by sagging U.S. economy but also by the Chinese government thinking of replacing the world-leading currency by more “stable” Euro or Canadian dollar. By “stable,” of course, they mean good return of their money or investment. Can you imagine 4000 billion U.S. dollars being pulled from the states? The result could be fatal to U.S. economy. Of course, the Chinese government is not stupid enough to do that to harm the economic health of both countries. But it is a strong political card they have to manipulate with U.S.. Well, we little guys just sit at home and watch as the economic turmoil unravels itself.