I wonder how many Canadians know, and understand, the power that the US has had over our currency, as well as the currencies of the rest of the world, since the end of WWII. Even though Canada was not only on the winning side, but saved Patton's bacon so he could go on to pretend to be a great general and hero, we did not gain the right to have an independent currency.

The practical effect of this has been that Wall Street, as directed by the US Fed (private bankers)  and US government, can sell the Canadian dollar short using naked forward contracts. They did it to Mulroney when NAFTA was first being negotiated. They have done it in every single recession since WWII, where the Wall Street sharks were not satisfied with a 50% off deal on Canadian stocks, but wanted an additional 40% off the value of the Canadian dollar.

Used to work like a charm for them. They could pick up very valuable companies for ten cents on the dollar.