Over the last few days the Canadian dollar has been very volatile against the value of other currencies, like the U.S. dollar and the Euro. What is interesting is that whatever fiat currency you are working with in your country of origin you are somewhat dependant upon that currency remaining stable and providing support for those who live within its jurisdictional borders.
When a currency collapses like in Venezuela and Greece the people in the country become victims of a political system that failed them. They were victims of propaganda and lies that mesmerized them into believing that what they were being told would work out to their benefit. Faith wrongly placed always has a high price tag to it.
The value of the Canadian dollar has historically been as low as it is against other currencies right now, but it has recovered. The debt load of the country has never been as large as it is now and our currency is no longer backed backed by any gold. It has been completely sold off. You might want to give consideration to transferring some fiat based money to gold currency sooner rather than later. Contact me if you are interested in doing that.
I am not interested in being a negative voice in terms of the economic future of our nation, or any other nation for that matter, but I do trust that you will seek to protect the financial foundations of your family from currency collapses, or currency resets, in the future. A mindset that has a constant expectation of bailout, or one of entitlement, is not sustainable. History has repeatedly shown this to be true.
We live in a world where money, or the lack of it, impacts how we live our lives. God’s Word is not silent on this matter. Jesus paid taxes. He lived in a world where both rich and poor existed. He also had praise for those who were faithful stewards of what they had and what they did with what they had. He commended their wisdom.
Please use wisdom in taking care of your families, wherever you may be living in the world. Changes are coming and redistribution of wealth will happen again.