Tom Thorne's ejournal: Economic stagnation in US means whoever wins the US Presidential... - 1 views
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The real threat to Canada is not who is in the White House but what they do about the mounting US Government debt now at $16 Trillion plus. To this point there is no will apparent to cooperate for a solution.
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The real threat to Canada is not who is in the White House but what they do about the mounting US Government debt now at $16 Trillion plus. To this point there is no will apparent to cooperate for a solution.
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The real threat to Canada is not who is in the White House but what they do about the mounting US Government debt now at $16 Trillion plus. To this point there is no will apparent to cooperate for a solution.
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The real threat to Canada is not who is in the White House but what they do about the mounting US Government debt now at $16 Trillion plus. To this point there is no will apparent to cooperate for a solution.
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If the US literally prints its way out of its economic mess, the mess will be compounded.
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Such an action is guaranteed to create inflation and a rise in interest rates charged to service the debt and also generally for business and lenders of all kinds.
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Lenders will want more interest to cover the risk of carrying US Government debt loads expressed in diluted valued bonds and currency.
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Serious debt reduction is needed in the US Congress and Administration. And there is very little wiggle room to cut US government expenditures. However failure to do so will mean in the middle range of time that the US will become more and more an economic lightweight and hence its world presence will be diminished. That is bad for Canada.
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The US is making itself militarily and financially vulnerable. Canada, no matter how well we manage our financial affairs, will be forced into the same situation as our major trading partner.
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It will be tougher for Canada to retain our natural resources. Potential deals like the Chinese State taking over Nexen in our oil sands, will become more likely if we want to maintain our own economic performance independent of a financially errant US.
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It really is time for the United States Government and its politicians to bite the economic bullet. Failure to do so means a downsizing of the United State’s influence on the world stage and that can only mean that Canada will need a more independent economic policy as China grows in influence. In short the lack of action on the economic front by our major trading partner is taking us more to Europe and into the arms of the Chinese Government’s hegemony.
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Questions: 1. Do you think that eventually Canada will have no choice but to sell its natural resources to the other world powers? Can this be a good change? 2. Canada and the USA share a lot of history and do a lot of activities together, do you think that being financially independent will make us rely less on the US ?