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Tweedldum and Tweedledee
As a Canadian I have only a mild interest in the outcome of the U.S. election but an enormous interest in sound money and all the benefits that flow from that such as personal freedom. I have let our own politicians know in no uncertain terms that following the disastrous U.S. policies in banking would be a big mistake.
To their credit, hopefully under some influence from my barrage of E-mails to the Prime Minister & Finance Minister they have taken some positive steps such as tightening up down-payments and mortgage requirements to prevent the "liars loans" and subprime mortgage debacle that occurred in the U.S. Canada with ZERO gold reserves still seems to believe they can navigate a "fractional reserve banking system of fiat currency" successfully based on their track record to date.
Mathematically I believe it is impossible, when, (not if) the U.S. dollar collapses, the Canadian dollar will follow the downward trajectory, with a delay of maybe a few years at best, as is probably also the case with our real estate situation.
What disappoints me is that Ron Paul was our best hope for a sensible outcome and transition to a sounder economic footing yet has now been effectively shut out of the presidential race by the Republican party. I think he made a tactical mistake in not seeking the Libertarian nomination, he certainly owes no allegiance to the Republicans, so maybe the only salvation is Gary Johnson who is on the right side of most issues picking Ron Paul as his V.P. running mate giving the huge base of Ron Paul supporters a productive place to tender their votes that would send a message to the two main parties that their dominance is in jeopardy.
I listened to a few hours of speeches at the Republican Convention and some of them very impressive, they certainly projected all the correct "sound bites" but notably NOTHING of SUBSTANCE was actually said about reforming the flawed monetary system we operate under, and with out those needed reforms it matters not a whit which of the two nominees gets elected, either one will spend the U.S. into oblivion. The downward plunge is now inevitable, it is like a roller coaster having crested the top of the hill, the trajectory is irreversible and to expect different results when the same policies of borrow, spend and tax are deeply embedded in BOTH parties is indeed INSANITY!