In the midst of these dire economic times, it's important to take serious measures to keep your assets safe. No, I'm not talking about diversifying stock options or making sure the local bank is FDIC insured.
I'm talking about changing my U.S. dollars into Canadian currency.
Sure, I'll lose some money in the short term, as the Canadian dollar continues to outperform the ubiquitous buck. No doubt the exchange rate will be awful. But, when everything goes bust here on Wall Street, at least I'll be able to take the five-hour trek up to Montréal to buy bread and milk with my big bag o' Loonies.
And while everyone in the U.S. is trading cigarettes for gasoline, I'll be enjoying a frosty beverage on Saint Catherine St. with my best gal. I know the bar tender will be impressed when I throw down some serious coin.
"Another round, sir...and a Loonie for your troubles!"
Listen to the analysts and economists spewing fiscal nonsense all you like, but I'm headed straight for the bureau de change!
(Photo courtesy of Fire Engine Red)