posted on May, 29 2009 @ 01:26 AM
I'm sure Canada would take a Carrier group and airwing for $15 Billion liquidation sale. We'll take some of those F-22's for the 1/day bargain of
$20 Million/each. We'll take some tanks, munitions, and other new gadgets off of your hands to help you pay the rent. Better to fence your wifes
diamond ring to someone you trust that might sell it back to you later.
In Canada we've had federal surpluses for over a decade so our financial situation is a little better and gives us a lot more breathing room. In
terms of currency you're already seeing the loonie trend higher than the US dollar. It's slow but definitely moving up long term. Our banks are in
better shape, commodities are taking a beating but again long term we're looking good as we have loads of resources.
Back on topic, the above can't be said of the US. The crippling debt, the enourmous cost of winding down the war in Iraq and winding up the war in
Afghanistan plus a possible conflict with NK added to the yearly cost of keeping troops around the world are all nails in the coffin. Added to the
additional costs of replacing battle worn equipment, an aging population "Baby Boomers", future economic turmoil as other sectors fail in the Fed
Bubble cycle. There's no end in sight but the bottom for the US dollar. The US can't pay back it's debt. Everyone knows that and there will be a
huge global power shift. The US won't have much say when countries can hold loans over their head. Imagine trying to function as a gov't when you
have to beg for your allowance. I fear that is what's going to happen. I don't want to see that happen. In desperate times people do desperate
things and that's what scares me.
I've said it in other forums and I'll say it here. Basically when my computer freezes up I reset it. Turn it off, restart it and the error is
erased. The worlds economy is soo f)#$d up that no one in the foreseable future will ever really get ahead. That goes for people, corporations and
countries. Reset all debt to zero for everthing. There are no more debts.
The above is harsh and rash and would fix all the problems around the world. Now, I'm not a idiot off course other problems would arise. But on the
whole it would be good. The 3 categories I listed above being "Human Nature" I suppose would get themselves right back into trouble. Most would
learn their lessons. Taxes would still be collected, however not having to service and enormous debt will free up Billions of tax dollars. Taxes
could be cut accordingly. People having extra money will spend, invest, save. That's what we want. It would spur a massive investment into the
worlds economy. Poor countries would have a fighting chance again. They could start to develop. More money in our pockets and a second chance would
To the smallest % of the population. The "Elite" we'll tell them they can add another 0 to the end of their wealth estimate and then to piss off
as the taxpayers always keep the system afloat with our hardwork.
Crazy I know, but crazy enough to work!