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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (44903)	7/15/2007 3:47:00 PM
From: E. Charters	Respond to of 78408

Listen buy CDN assets now while they are dirt cheap. Why do you think foreign companies have been moving in on Canada and snapping up our biggest companies? 600 went last year. Canadians no longer have money to keep or expand the companies and the workers to man them. They have not reproduced in the past 20 years, so the new breed that could step into development engineering and labour are not there. Other countries have been training engineers like high school marching bands, so they can run things better than we can. Part of the reason for this was the brain dead CDN governments who thought we could continue to build high cap industry with our own money. That was naive. CDN's are being chased away from capital intensive projects. We don't do much manufacturing anymore as most of that was to serve our resource industry, which is disappearing. Cars of course we cannot sell overseas or much south of the border either. Computers, TV sets, or other electronica we don't make. Trade barriers to manufactured goods are high there too. So we were sold a bill of goods. Foreign, US ownership of shares was bad. Bad. Very bad people. Sharpened their teeth at night and plotted to steal our children. Sold their shares in our markets and drove the prices out of sight of poor CDN backwoods farmers and ditch diggers. So our white knight rescuers brought in the CDN Int. Development Agency, FIRA, and strict ownership rules, and restrictions on US investment. They had swallowed us practically whole to the point that we were merely the second richest country in the world per capita. It was getting desperate. If our standard of living being slaves of the American kept on climbing, we would have to look abroad for places to park our yachts. Thank god we were saved from this awful fate. Now we can sit in parks, eat baloney sandwiches and count our lucky stars. We chased all those evil foreign paper-traders away. Now we is the proud 100% owner of 2 billion acres of frozen swamp and undeveloped minerals. The Foreign Investment Review Agency was an agency of the government of Canada, created by the Liberal government of Pierre Trudeau in 1974. FIRA was part of a broader industrial strategy that sought to arrest a disturbing degree of foreign, particularly American control of the Canadian economy. The so-called "special relationship" that was said to exist between Canada and the US -- which occasionally saw Canada given preferential treatment by American policy -- had come to an end in 1971 with the so-called Nixon "shokku". EC<:-}

To: koan who wrote (44903)	7/15/2007 4:29:46 PM
From: jackjc	Read Replies (4) \| Respond to of 78408

Buy Canadian assets: Which assets, if stocks then that is staying out on the limb though it is a stronger limb, delaying clearing debt. Safer would be converting to C$ and benefiting from expected USD decline, then paying off. BUT holding C$ in a Canadian account requires reporting a foreign account on US tax form if over $10k, with a checkoff of 10k-100k, 100k-1M, over 1M. That might bother some people to have to report. Same for C stock account. And the interest rate is lower, so slippage there. I think couple brokers allow holding C$ in the US stock account, though my broker Penntrade does not.