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Politics : Canadian Political Free-for-All -- Ignore unavailable to you. Want to Upgrade?

To: Ichy Smith who wrote (11187)	11/30/2006 2:24:11 PM
From: seventh_son	Read Replies (1) \| Respond to of 38208

The US government has been trying to hide its debts from its population, while the Canadian government has been trying to hide its surpluses. The government fiscal situations are headed in different directions, although if the US economy tanks, that will send us for a spin as well.

To: Ichy Smith who wrote (11187)	11/30/2006 2:28:37 PM
From: Tommaso	Respond to of 38208

As you well know, the United States is financing a large part of its government activities with borrowed money, much of it borrowed from emerging economies. I think there is going to be a protracted defacto devaluation of the U. S. dollar that could be accelerated into a panic at any point. SUVs will be converted to tool sheds. Shoes made in China will cost $150 a pair instead of $75. I don't know what there is in the United States that Canadians would like to own, but if the Canadian government will just refrain from screwing up what had been an extremely promising economic evolution, Canadians will have so much money that they can buy U. S. goods cheaper than they ever imagined. U. S. women will be flocking to Canada looking for husbands, among other things. But I expect that Canada will again succumb to some kind of utopian dream that promises to provide everything for everyone. Some foundation ought to send planes full of Hayek's book, "The Road to Serfdom," and scatter them all over Canada.