Canada Beats America

Re: Canada Beats America

Having visited some of the poorest nations in the most economically depressed continents on Earth, I am always amused by western discussions/interpretations of "wealth." Isolated to a conversation about regressive economic competitiveness, I get it. But in this time in history, it remains harder and harder to maintain an "isloated" perspective on wealth, given the size of our shrinkng world and deplorable state of human suffering around most of it.

My $.02...

Mike

Re: Canada Beats America

I think your right Frank, all tapped out ,well close to that anyway. I think that's why the article says invest in Canada.......Resources I would add.. Right now there is an effort by the resource sectors old worldwide  nemisis ,Bankers and affiliates whom believe in  paper products instead of hard assets. 

We are taking a hit in resources short term but I think this is enabling huge  long positions to be built  by  Bankers ,Insurers ,Large Institutional investors,although not all of them.

The short position JPM has had for many years on silver has to draw down some or they will be bankrupt  if any  massive resurgence comes in the silver market from forces they cannot control ,(from the East.) That's how crazy and close we are,imo. Why do I not care to buy G&S ,at this time? Simply because they can and will stretch the power of the USD as long as they have a Central Bank in their corner.  IE; JPM has to quietly obtain in stealth fashion as much of a long position in silver ,atleast twice the size of their short position in order to break even. Not easily done when they  are ,ultimately  trying to drive the price down.. It takes time and the further they and their affiliates can  send down the price of resources worldwide, the easier and faster their plan can be enacted. Resource economies ,like Canada's are short term BAD,because the investors ,mostly technical traders are falling for  the chart  rhetoric. Long term ,Canada's  resource based economy will grow far beyond the small percentages the article suggests,because the principals that lead the charge to devalue  hard assets will then change  positions. In summary Resource based economies ,like Canada's will prosper ,eventually. It's time now,to get the rest of your house in order,imo.

The U.S. could follow  this path ,but to often  involves itself in International affairs that are today unecessary ,therfore obsolete.We are spread far to thin and the American Industrial complex  is dead,therefore no longer needs our countries greatest expense to look out for it.  Canada has no such problem ,other than a relatively small expense in NATO. 

Re: Canada Beats America

As a Canadian with Conservative leanings I would point out two things; 1) Paul Martin was an experienced business man and so had more of a sound background in economics than most politicians that reach high office. 2) LABELS are sometimes misleading, for example the most famous and admired Liberal Prime Minister was Pierre Trudeau and as a businessman I had more problems under his regime than at any other period in my life. In summary I would say that Paul Martin may have been Liberal in his association and some of his social positions but as a finance minister he was actually quite conservative. In contrast, Pierre Trudeau while running under a liberal label was actually a far left socialist, ideologically not a traditional Liberal. BOTH parties have a wide range of individual perspectives among their adherents leading to divisions within a caucus with the ultimate "bottom line" being as I have stated many times before, the party system simply creates the ILLUSION that there is a substantive difference, when in reality, no party that forms a government can provide anything to the individual voter that it doe's not first take away from someone else. All parties make promises that they can not keep, such as not raising taxes, while at the same time promising expensive benefits that are popular with the voters.

There is for example no such things as "free health care" we ALL PAY through the nose for what should be called "disease management" because it is focussed on the medical profession which is only one of MANY potential answers to maintaining or regaining health, and in my view, FAR from the best one. Consequently at 74 I have never been to a medical doctor in my adult life and have never taken even an over the counter drug because I am firmly convicted that the potential side effects are simply not worth the risk. In fact, watching commercials on TV for some of the best known and popular drugs I am astounded that any intelligent person would even consider taking some of these checmicals into their body considering the side effects that range up to and including DEATH, there is a better and safer way to deal with health problems.

I would disagree with a previous poster; "that "Canada is further down the road to recovery" rather I would say that because of its more conservative banking policies, the horrendous effects of the out of control budget deficits and profligate banking policies of U.S. too big to fail banks has not YET impacted Canada as severely. A real estate crash is also looming in Canada, the impact of a badly flawed fractional reserve banking system has NOT YET impacted our country to the same extent as in the U.S. or Europe, but mathematically it eventually must, we are just a few years and degree's of collapse behind. Has Canada been better managed that the U.S. or Europe, without question, but will that save us from the consequences of a badly flawed debt based monetary system, not in the long run, the chickens will still come home to roost!