|
|
|
|
|
by missedthecue
1576 days ago
|
|
If you are of the persuasion that western currencies are collapsing, what would you pair the canadian dollar with for your trade? Soros paired the GBP with USD because the bank of England was having a difficult time defending the pound. The USD was not also at risk. It was completely unrelated to the situation happening in England. But if both the GBP and USD fell, Soros would not have made a profit. |
|
You're right, Soros borrowed pounds and sold them for dollars because he wanted more dollars. If you think CAD and USD are both going to collapse, then maybe think about the joys of your day-to-day life (coffee, heat, clean water) and use that as the other side.
It is very unlikely that USD collapses on a human life-scale without major disruptions in those supply chains.