Debt Deflation

I exchanged a few Canadian dollars into US dollars at the end of February. I thought that the pandemic with its tremendous downside would decrease the price of oil and lead to a stronger US dollar. Still, I was shocked by the sheer speed with which it appreciated. The US to CAD exchange rate had been in the range of 1.29-1.36 for over a year and then in under a month, it went from 1.31 to 1.46! It wouldn't surprise me to see that by the end of this year, a) the USD to CAD exchange rate cracks 1.5, and b) the Grand Financial Casino aka the US stock market is down by a significant amount; let's say SPY under 200.

Also, as one reader at Vox Day writes, the dollar will continue to get stronger. The economists in charge have pumped up staggering amounts of debt for decades. The debt-powered GDP growth can't last forever. This just might be the beginning of the end.