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Alberta Canada | A Canadian perspective.
If you go back to 1999-2002, the Canadian dollar was sitting around .65USD.
Since that time inflation (Canadian) has been at about 3% per year.(which should drop the value of the CAD if all other factors stayed the same).
So.... if the US dollar had stayed absolutely stable, the exchange rate in 2010 should have been around .50USD.
It's not.
It's just below par (the bank of Canada intervened to keep it there).
That might suggest that the value of the USD is HALF what it was 8-10 years ago.
IF that is the case.................
That would make $5.00 corn, $2.50(in 2001 USD)
$10.00 beans,$5.00
$7.50 wheat, $3.75
$75 oil, $37.50
$1.00 cattle, $.50
$6000 land, $3000
IF that is the case should you sell at the current price? | |
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What's a dollar?
