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PostPosted: Tue Oct 13, 2009 7:27 am
 


BartSimpson BartSimpson:
Mr_Canada Mr_Canada:
BartSimpson BartSimpson:
The USA is 90% of Canada's trade so a collapse of the dollar means you folks can kiss off your economy. I agree the dollar is going down due to the horrific management of our debt, but from a Canadian point of view this is not going to be a good thing.

Got to love the first American response...

"Sure, we're *ucked, but we're bringin' all you *uckers down with us! Bahahaha"


No, just pointing out the fact that your economy is very dependent on ours. Sure, if you want to USA to sink then cheer all you want, I'm just pointing out that since you folks booked passage on the economic Titanic you may not want to be cheering for the iceberg.


Bart, it's just the kid having a wet dream. An economic collapse in the States spells more than a shift in trading partners. Its effects would reach far and wide. Anyone who thinks otherwise is deluded.


Last edited by ShepherdsDog on Tue Oct 13, 2009 7:34 am, edited 1 time in total.

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PostPosted: Tue Oct 13, 2009 7:32 am
 


rockindel1 rockindel1:
Economic powerhouse? have you guys been listening to American TV too long?
USA doesnt produce or manufacture 1/3 of what it used to . it has a debt that in realistic terms could take over 150 years to pay off, and getting LARGER not smaller daily. when their currency is not worth anything, how are they going to be the powerhouse of anything other than being North Mexico.
A valueless currency
High unemployment
uneducated public
these things are already underway. the responsible thing for Canada to do is increase and strengthen trade ties to east Europe, and Asia . At least that way WHEN the US dollar fails we WILL feel a bump but it wont be a crash

The world could move on without US manufacturing, but if you think that industry is the only thing the US provides, you are gravely mistaken. Too many people, too many countries are dependent on US capital, markets, and innovation to somehow deceive yourself that the US is not the economic powerhouse everyone knows it is. I agree that Canada, and, in fact, everyone, should batten down the hatches and prepare for rough weather, but there is no way a collapse of the dollar wouldn't be felt worldwide. We are still a long ways from a world with an economic heart centered outside of the States.





PostPosted: Tue Oct 13, 2009 8:10 am
 


Too many people, too many countries are dependent on US capital, markets, and innovation to somehow deceive yourself that the US is not the economic powerhouse

What capital markets? they are so heavily subsidized by the US government less than 10% of them are financially viable ...thats IF the US dollar "survives"
here look at these
http://www.youtube.com/watch?v=trWcqxrQ ... -fresh+div
http://www.youtube.com/watch?v=H6Lk-q_n5C0
good luck to all of us


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PostPosted: Tue Oct 13, 2009 8:43 am
 


I want to start a pool as to when Glenn Beck finally 'comes out'. My bet is August next year.


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