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To: Mark Bartlett who wrote (29502)	3/7/1999 5:37:00 PM
From: Hawkmoon	Respond to of 116764

Mark, As for why Canada's economy is so strong, let's shut down that long, undefended border, halt trade or slap 100% tariffs on goods going both ways and see who suffers more. Canada is strong because its primary export market is strong. ie: the US. (And you can thank NAFTA for that). If the US economy is a charade, Canada's is even more so since they rely so heavily on exporting to our markets. So let's not let the tail wag the dog here... :0) Btw, I've loved Canada ever since I drove the Al-Can back in the early '80's. And I've been a long-term fan of Rush and Triumph as well.... <VBG> The European markets are facing the same pressures from cheap Asian imports as the US is. The major problem is that EMU's 11 economies are heavily socialized, making the price of labor quite expensive, levying heavy taxes, and lowering corporate profitability. They will either need to restructure or implement tariffs. And once the Tariffs go up, kiss any hope of a short-term economic recovery good-buy. I'm going to puke, Ron - and this is not happening now with currencies ... give me a break ... talk about selectivism! Name me one country that was conquered to get ahold of its Fiat currency. Now name for the countries that were subjugated to get access to their precious metals (S. Africa and the Congo immediately comes to mind) BTW - Do you honestly think the rest of the world is going to sit by and tolerate the present economic US hegemony - I can think of nothing more destabilizing to world peace than that - and history bears this out. If the booty can not be shared, the human tendency is to destroy the whole damned booty so no one can have it ... and history bears that out too. Bingo!! Why do you think the FRB and US have been haranguing the Japanese to get their fiscal house in order and the Europeans to lower their interest rates to spur growth. If it weren't for the US, the entire world economy would have already gone to hell in a hand basket. AG is caught in a box where he is unable to properly guide US money policy because the US is being forced to be the world banker and sole economic locomotive. I think you are right on with the above comment and it is the one thing that does cause me a bit of worry. Regards, Ron