No, things are turning around for the US economy.

I don't know if you're aware of it, but since the worthless mortgage crash in October of 2008 the Canadian dollar has been as high as $1.08 $US. That's not because Canada's economy got stronger, it's because investors around the world lost some confidence in the US dollar as a result of that mortgage fiasco, and chose to buy the currencies of other countries that they felt would be a safer investment.

But, over the past 12 months or so, confidence has returned to the US greenback, and it's been getting stronger. Today, the Canadian dollar is back below the US dollar at 92.8 cents US. And, again, that's not because the Canadian economy got any weaker, it's because investors around the world are seeing that America is coming out of the 2008 recession relatively unscathed, and are once again buying US dollars because they consider them a safe investment.

If you live in a country where the government can literally seize your property because you're a white elitist that needs to be taught a lesson, and there are patriots that fought in the war that need to be rewarded for their heroism and would appreciate having some of your land, keeping a US dollar account in a foreign bank is a good way to protect your wealth from your government.