How would you like the loonie to be the Reserve Currency?

[ColevilleH2S]

Sdg it means greater prestige and demand, which
will surely lead to a higher value when compared to
the USD. This will make us less competitive with
americain farmers.

[cottonpicken]

Essentially it is deflationary in measure.

Take gold as the prime example,if the loonie doubled
in value overnight it would take half as many dollars
to buy,so guys like me would be on the wrong side of
the trade.

Same with all tradable commodities.

And debt would be harder to pay back-twice as hard.

Savers who hold dollars would be richly rewarded.

Farmers would suffer horribly.

[cottonpicken]

We live in an economic bizarro world.

Even though a doubling in the loonie overnight is
doubtful,people need to know how to react to curve
balls.

[liberty]

If the Loonie became the world's reserve currency, it would eventually follow the U.S. dollar into oblivion as our central bank took advantage of everyone's gullibility and printed it like there was no tomorrow. The only currency should be gold and silver coin. Period. Then no government will be able to engage in inflation or reckless spending.

[mbratrud]

boarderbloke no I have not seen 2016 have you?