No need to convert to the US dollar as our problem is one of constitution

Nipawin -Wednesday, November 21, 2001 - by: Mario deSantis


I have read the article "CEOs back move to U.S. dollar" and I suffer from headache. Again we are being brainwashed by our media and by the result of another opinion poll. In this instance, the result of an opinion poll on the adoption of the U.S. dollar supports the move to a later conversion of our own currency. The article makes different references to why we should be converting to the U.S. dollar and I find all of these references void of any critical significance.



in pain

I am just in pain as I read the explained reasons for the conversion to the U.S dollar, one reason is that with the conversion we wouldn't have to worry about the competitiveness of the Canadian dollar, another reason is that we shouldn't allow our dollar to decline further and yet another reason is that 87% of our exports go the U.S.




We must end this instant polling democracy movement polluting our minds and championed by our decadent leadership.




Anyhow, referring to the record low of the loonie last week, Big Brain Sherry Cooper, chief economist at BMO Nesbitt Burns, has stated
"the debate should now turn to dollarization -- either the adoption of the U.S. dollar or a common currency."



U.S. way

I am happy to hear that the government is not going to give up its own Canadian dollar. I am happy of the stance of our government because the currency of the U.S. reflects the way to do business in that country and unless we agree with this way to do business then we shouldn't convert to the U.S. dollar.




Personally, I strongly disagree with the present economic policies of the Bush administration and the related escalation in military expenditures to prop up its own dollar. Economist Dean Baker has stated that the American dollar should be devaluated because of the U.S. foreign trade deficit and I find silly to pay attention to the daily or weekly performance of our own dollar versus the American one.




What is important is to realize that in the last thirty years our economic performance has been discouraging and it is my opinion that this discouraging performance was not necessarily the effect of our monetary policies but rather the effect of a decadent political and business leadership. I am not against making money, but we have had too many people in Canada who have been looking after 'number one' in the public sector, and this is not tolerable. Our latest two prime ministers, Brian Mulroney and Jean Chretien, have been a testament of our constitutional crisis and our decadent fabric has percolated downward to the point where we look forward to work together more to dilute our wrongdoing than for intelligent purposes.


  Pertinent articles published by Ensign
  CEOs back move to U.S. dollar, Jacqueline Thorpe, National Post, November 17, 2001