Good thoughts and analysis. Sitting here n Toronto I hope your prognosis for Canada is pessimistic. Americans can't get enough Canadian oil and have
to ship it in from around the world. Even if their consumption goes down 75% they are still a waiting customer.
You're right about that. But just consider the liberal plans to reduce/stop the producing of oil in Alberta because of environemental concerns. I'm
not aware of the whole plan, but I know that they are against it or at the very least heavily restricting it... reducing profits... which part of the
profits go to the people of Alberta if I'm not mistaken.
The liberals will obviously come in power in february/march. And that's bad if you're against bailouts, as I am. At least Harper wanted to cut
states expenses. The others parties wanted to increase the expenses and put us in a +25 billions deficit.... they think it'll only be a recession,
which it won't. It will be a 5-10 years depression. You can't run huge deficits for 10 years or it'll be even worse and for longer. Cut the federal
government expenses... get out of afghanistan!
Anyway, canadian politics aside, you're right about minerals and uranium in Canada. We're in good shape in that domain. But water... if it becomes
so bad we have to sell our water... it won't be pretty... we need a society debate on that... if we want to sell our water... even if already most of
our lakes and river are owned by private corporations and when the times comes, they won't ask us.
China has exaggerated it's growth for years. Closer to 6% not 10%, as tracked by various gauges including oil consumption, volume of transport, etc.
A thing to fear is that they may look long term and let the US collapse financially, knowing they can pick up the pieces in the decades to come.
China is already brutally colonizing Africa while the US is fighting hopeless battles in the Middle East.
Agreed.
There is a myth Israel is economically reliant on the US. Most of the money it receives is in the form of loans that are repaid. US aid accounts for
10% of Israel's GDP and they have been talking about cutting loose. Egypt, Jordan, Pakistan, the Palestinians, get straight foreign aid to the tune
of many billions. Let's see what happens to them when they're free floating.
Yeah... but still many investments are made by US citizens in Israel corporations. But you're right, I was wrong about that, Israel doesn't really
need US financial aid to survive and you're right that other muslims countries receive more help from the USA than Israel alone.
Will those muslims puppet government stay in power when they don't receive US support anymore? IMO a lot of groups will move when the US falls. Egypt
will likely be overthrown.
Pakistan is no longer a US puppet, that's why Obama will take care of it. The palestinians we're screwed after they elected Hamas. Most foreign aid
was cut off. For the few first months, they tried to govern peacefully, but then all become third world again and the extremist arm of Hamas took
over. So the palestinian people was screwed by promises of democracy by the west.
The US will not fall, but downsize the way Britain, Turkey, and other overextended empires did in the 20th Century.
IMO it will be worse than that. Because people are armed and believe in an ideal. This ideal was stolen by corrupt people. So you'll see fights
between citizens and the government until the US goes back to real democracy. The resistance movement just won't be stopped. And the US dollar will
collapse, making US importations near to impossible. And of course, hyperinflation, in the 40% range easily.
The US 2009 deficit will be around 1.5-2 trillions...
Watch in approximate order Russia, Iran, North Korea, Egypt, much of Africa, economically implode in the next year or two.
Russia, yeah, they are screwed, because the world economy will be weak for at least another 5 years, making oil and gas prices low for all those
years... which won't be good at all for Russia.
Iran... they are likely to be overthrown by US puppets or be nuked by Israel after an iranian counter attack due to Israeli strikes on Iran nuclear
installations.
North Korea... they can't be worse than now. Hopefully they will be overthrown. And China will take care of it.
Egypt, might be overthrown to be once again against US-Israel... but with a modern army... which is bad for Israel. Likely to be nuked if that
happens.
Africa... can it be worse?
Anyway, we'll see what 2009 brings, but IMO it won't be pretty. My sources tell me that 2009 is the year that the US dollar will totally collapse,
Iceland-Argentina style.
Wait and see.