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To: marcos who wrote (9747)4/10/1998 11:41:00 AM
From: Enigma  Respond to of 116796
 
Can$ - I did too! Different perspective though. Reply #9692. Everything you say is true historically, but markets have already taken the history into account. Let's put it this way, things are much better fiscally than they were a few years ago, and politically in Quebec.

The doubt in the currency markets centres on whether the Fed. Govt. will now spend the surplus instead of catting taxes and reducing the national debt. imho! Past history indicates Liberals like to spend.



To: marcos who wrote (9747)4/10/1998 11:52:00 AM
From: Ahda  Read Replies (1) | Respond to of 116796
 
Marcos part of Canada's problem excluding her socialized structure is her vastness of size and small population. Maintaining her roads services etc she has a limited tax base to accommodate her geography.



To: marcos who wrote (9747)4/10/1998 1:13:00 PM
From: Garnet2  Read Replies (3) | Respond to of 116796
 
ole 49r, sorry, I was being a little sarcastic and you're right, the $C does appear to have made an important low recently with the realization the government has finally balanced the annual budget for the first time in 44 years. And if commodities were to stage a recovery in the 2nd half of the year it should gain more strength.

But our Mexican friend, Marco, is right though - we have this extreme socialist element in this country and politicians believe they can tax 55% of everything we earn without any end in sight. We pay taxes on taxes up here. A typical american would be furious at how we stack up fees for this and that - sales taxes - and then yet another we call G.S.T - I'm telling you it goes on and on. To see them grandstanding now, patting themselves on the back over "defeating" the deficit - it's because they confiscated the funds from a docile citizenry. As a result Canadians work twice as hard to make half as much as our friends just across the border. We also tolerate a traitor in the province of Quebec by the name of Lucien Bouchard (premier of that Belle Province) who's single goal in life is the breaking up of our fine country! Can you believe it? So you see, my hard earned tax dollars go to support this man who is costing our country billions of dollars a year to finance a gigantic debt at higher interest rates than we would have to without this political instability. Can you believe that? Would our friends in the States tolerate such an abomination? For that matter would any other country tolerate such a farce? I don't believe so. We can't control some things like commodity prices. But these things we could control but we choose not to but instead shoot ourselves in the foot. As a result, corporations and many of our country's brightest minds flee our oppressive taxation to where - the States.

On a regional basis, my province British Columbia, could be one of the richest of provinces but instead we are the only one to enter into recession this year. The Asian crisis has affected BC more than the rest of Canada. But the stage was already set when we voted this guy Glen Clark in power along with his socialist government a few years ago. While other more enlightened parts of the country have figured it out long ago (Alberta next door is running surplus and real estate there is booming, unemployment is falling)this idiot and political animal to the extreme has buried us in debt, and our province is sinking fast. Real estate sales are falling 40% and prices are as well. They say Los Angeles may someday fall into the Pacific ocean due to a massive earthquake - BC is doing that right now!

By now you must conclude I am a very negative person - not really, I just love this country very much and it pains me to see the debt we've piled up and our liberal justice system which rewards the criminals and oppresses hard working, law abiding taxpayers. Canada is still a wonderful country - but I believe we could learn some lessons about the limits to taxation from our fine neighbors to the south, and we could apply the Singapore model of justice to our benefit.

Sorry for sounding off - you asked!

Best Regards




To: marcos who wrote (9747)4/10/1998 8:24:00 PM
From: IngotWeTrust  Read Replies (1) | Respond to of 116796
 
Thx for your response, Marcos. I remembered you posting earlier RE: 1/10oz gold on hand stat, and thot to myself, well, no WONder!(grin)

Also, since NAFTA, you all have gotten the shafta when it comes to our currency fluctuating depending upon which nation is mad at the US at any given moment.

Appreciate your summary. Good Investing.

O/49r