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Canada's GDP growth to top G7 in 2010

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posted on Mar, 23 2010 @ 10:22 PM
reply to post by ZombieOctopus

A lot of us know this already.

But some continue to hold on to hopes that we will crash again for this first time in history speaking in terms of technicals in the marketplace.

We have over a 100 year track record of recovering from these "crisis" like events but for some reason many don't regard history when looking to the future.

posted on Mar, 23 2010 @ 10:29 PM
reply to post by GreenBicMan


Many ATS members are only so old....

They either haven't lived long enough to know this or have failed to do the research and learn the history behind recessions and recoveries.

The US economy when left alone goes into a recession cycle roughly every 8 to 12 years. We squeeze out the fluff and hopefully the bad apples die

[Not get bailed out] what's left?

Stronger better ran corporations.

Here are two graphs showing previous recessions and later growth to consider.

posted on Mar, 23 2010 @ 10:41 PM

Originally posted by Sean48

Slayer's keyboard broken ?

you do his laundry as well?

Well he answered your query.

You brought up GDP vs Population. Given those parameters. Then China should be around 56 Trillion instead of 4 trillion.

In ten years you asked?

[edit on 23-3-2010 by SLAYER69]

posted on Mar, 23 2010 @ 10:43 PM
reply to post by SLAYER69

Well you must do your own research.

And I also have a theory regarding speed and access to instant communication (information) that correlates with severity and length of recessions/depressions.

That graph pretty much fits that as well.

[edit on 23-3-2010 by GreenBicMan]

posted on Mar, 23 2010 @ 10:58 PM

Originally posted by Misoir
reply to post by ZombieOctopus

People give me alot of crap for being a Socialist. I know your two main parties are Liberal and Conservative. And your only large Socialist Party is the New Democratic Party and Bloc Qebecios, so that would mean your liberal party is atleast social democratic correct?

I've always considered moving to Canada or the Nordics. I like the prairies even though it gets really freaking cold!

Canada is not a social democracy but has been run by Liberals and Conservatives Federally with the NDP, my party of CHOICE, provincially elected, mind you the new crop of NDP'ers are bought off conservatives unlike the founders such as Tommy Douglas who is a national hero of our country, Rosemary Brown, and the most wonderful Freedom Fighting Lawyer and then Judge, the Honorable, Tom Berger. His energy is remarkable and my family has almost revered him. He did pro bono work for years winning precedent cases for the First Nations People and established their clout and rights.

The original NDP, while never having official Federal election, nonetheless was instrumental to our gettting Medicare and Social Services, though a watered down version from the guaranteed income they were asking for (ie. a universal program that would mean everone gets a small check and those in need get one for above the poverty line, but no one could point fingers at anyone else. It would also save money, for we could have eliminated duplication of service, ie. unemployment insureance and old age security. This could simply be a monthly supplement thats amount varies and is easily patched with changed circumstances!)

Nonetheless, when the liberals where in they were about to be defeated in the House and the NDP cut their infamous deal, to vote with them providing these changes were made.

It works out for everyone to have at least a 3 tiered party system.

[edit on 23-3-2010 by Unity_99]

posted on Mar, 24 2010 @ 11:27 AM
When the maps were being drawn, and the areas in the West were being hammered out by the US and Canada there were two guys doing it.

And the Canadian one was drunk when they did that boundary. Otherwise, you would be Canadian.

Damn Good Canadian Beer!

Originally posted by Idiot232
Being from Seattle I'm practically Canadian, eh. So I say GO CANADA!!

But seriously, Canada is as much a part of the international economy as any country and they are ruled by the same international banks so they - I mean we - are headed down the exact same path as the US.

Look at South America that's where we're going to be in 10 - 20 years.

posted on Mar, 24 2010 @ 11:30 AM

In 1904 Canadian Prime Minister Wilfred Laurier made this prediction: "The 19th century was the century of the United States. I think we can claim that it is Canada that shall fill the 20th century."

For starters, Canada has avoided many of the problems that currently bedevil the U.S.—mountains of public debt, a banking system in crisis, the housing debacle and a weakened currency.

Canada's banking system, essentially made up of the Royal Bank of Canada and four other big banks, remained strong during the global credit crisis. With no bailouts, it is the soundest system in the world, marked by a steady and responsible continuation of lending and profits. "Canada has shown itself to be a pretty good manager of the financial system," U.S. President Barack Obama said amid the financial crisis. Was that a touch of envy in his voice?

And it is not just banks that have remained solvent. Canada, with its relatively small population of 34 million, has the lowest debt burden of any G8 country and less than half the per capita debt burden of the U.S.

Bill Gross, who runs Pimco, one of the world's biggest bond managers, recently said that he thinks Canada is the best bet for investment among developed nations. "It moved toward and stayed closer to fiscal balance than any other country," said Gross.

In addition, the Canadian economy, the world's 10th biggest, is endowed with natural resources increasingly valuable in this century—like potash and uranium. New technologies allow for the vast development of the Athabasca tar sands in Alberta, helping make Canada's oil reserves the world's second largest. Yes, there are environmental implications, but Canada is now the biggest supplier of crude oil to the U.S., a lucrative—and enviable—position for any country.

Even global warming seems to be playing in Canada's favor. Melting Arctic ice poses serious concerns globally, but it has also opened northern sea lanes for the first time, as well as the opportunity to search for new natural resource deposits.

The result of this mix of fortune and fiscal prudence: a relatively strong Canadian currency. The loonie has soared against the hobbled U.S. dollar so far this century. That strength has been a problem for Canadian exporters to the U.S., but it is also a source of national pride—and relief—as Canadians watch the financial flailing of their neighbors to the south.

The world is taking note. Canada just hosted the G7 finance meeting way up north in Nunavut and will host both the G8 and G20 conferences later this year. Most important, Canada has welcomed the world to the Winter Olympics in Vancouver and is showing off its accomplishments. Laurier would be thrilled. But not surprised.

posted on Mar, 24 2010 @ 11:32 AM
reply to post by SLAYER69

We are mostly a primary industry country. However, there is a good reason for this.

We have LOTS of resources. And LOTS of space.

And very very very few people.

Diversification of the industries would be good. But when you really look at it, we just don't have the people to do it.

If you were to look at resources, industry, space to employee, you'd find that Canadians work their hinnies off. We are a very productive nation.

But its a big place. Much of the resources are in places that aren't that hospitable. The transportation and habitation costs are huge. And we just don't have the popualation to support diversification.

We also aren't replacing the population we do have, so we rely on immigration for it. But immigration is expensive. Way more expensive than born citizenry and employees.

Anyways - just pointing out some of the logistics that are rather unique here.

Its huge. Its cold. We don't have anywhere near the same population figures of any of the countries we compete with.

[edit on 2010/3/24 by Aeons]

posted on Mar, 25 2010 @ 12:04 PM
reply to post by Misoir

A little less corruption and the fact Canada only spends a fraction of its GDP on the war machine. Thats what I've noticed up here. Canadians don't like policing the world and believe in staying out of everybody's business. Many people can say what they want about Canada's military like; if it wasn't for America's massive military Canada wouldn't exist. I say whoever thinks that is completely wrong. I believe in soft power. As long as Canada is fair, other nations will respect your country. You know how much money the States could save if they didn't spend so much on their war machine and making the planet more unstable ? That could have been your free education, real healthcare, and a stronger economy. What pisses me off about Canada though is; there should be way more money than there is. Canadians are over taxed and where I live in Canada, I never seen so many bloody potholes. Most people are employed here and pay off their debts. There isn't much of a military. I also don't enjoy the gun laws up here. Only people with guns are the criminals and big gov.. which is kind of scary.

[edit on 25-3-2010 by disfugured]

posted on Mar, 25 2010 @ 12:27 PM
reply to post by disfugured

Yea, there is that but Canada still rocks!! And why is there so many New Brunswickers on here. Are we a paranoid bunch?

posted on Mar, 25 2010 @ 12:31 PM
If you knew how to read..

If you ask any American, you'd think the entire universe was going to implode because their economy is in the crapper

You would have seen in your own OP that America's economy is set to expand 2.7% ... .3% lower than Canada's.

However yes, ask most Americans and they will tell you: It's all BS, a play on numbers, and GDP means absolutely nothing for the average person.

posted on Mar, 25 2010 @ 01:48 PM
reply to post by disfugured

I don't mind doing some policing, and I absolutely am fine with interferring in people's business.

I have minimum standards - if you met them I can be open to divergence. Fall short - and I'll be just fine judging and interferring all day.

I am fine with our military. While I see no reason to be everywhere, there are places that need our involvement and I'm happy to fund it and make sure they have the correct resources.

Sitting around and babbling about the "War Machine" when the fact is that we have no need of being concerned about being challenged in a way that requires an immense military is probably one of the worst condescending smart ass traits common here. The fact is that if a credible threat to Canada existed, we'd have just about every able bodied person in the War Machine - don't doubt it. We've done it before.

There's nothing like a serious pacificist to fight with. They want peace. They'll try lots of things to get it. They abhor violence. And God Damn It, if you don't GIVE peace they're still gonna get it and be even more pissed that you couldn't be reasonable. Believe it.

[edit on 2010/3/25 by Aeons]

posted on Mar, 25 2010 @ 05:51 PM
reply to post by Aeons

I think you misunderstood my definition of "war machine". Canada doesn't invade other nations unless being invaded upon or an all out world war is involved. I'm not happy with the involvement with Afghanistan though and they jumped to the exact height the US asked them to. I'm proud they didn't involve themselves with Iraq though. Of course if their was a legit reason for all of Canada to arm-up they would, its called defending your nation for **** sakes. I'm not a hippie saying we fight back with flowers.. I also believe every nation has the right to DEFEND themselves. Emphasis on defend. Some nations believe defending is attacking first. Some nations believe defending is invading another nation without a declaration of war.. If their is something extreme going on like ethnic cleansing then of course I'd support my countries involvement in maintaining peace and helping war and natural disaster victims. There is a fine line between defending and warmongering.

[edit on 25-3-2010 by disfugured]

posted on Mar, 25 2010 @ 06:03 PM
Dont believe the hype people

i have seen the downside of the economy here in canada

these numbers are just hype for the gathering of G7 Mafia.
numbers can be easily faked.

[edit on 25-3-2010 by Agent_USA_Supporter]

posted on Mar, 25 2010 @ 06:53 PM
A few important notes about Canada...

1. We have the best beer in the world. ie. Molson Canadian.
2. We have some of the best skiing in the world.
3. We have the best hockey team in the world.
4. We have the largest country in the world. (including sea zones)
5. Until recently, we've always been a peacekeeping nation. We still play that roll, but we're conned into going to Afghanistan.
6. British Columbia (where i live) is the most beautiful place on Earth.
7. We have tons of fresh clean water to drink. I still drink the mountain streams.
8. In Southern BC winters are usually mild, maybe a 2 or 3 week cold snap in there, but no colder than -15C. Summers are hot and seen as high as +44C.

9. In Northern BC winters usually last from early October to beginning of April. Some years can be mild, but mostly can get as cold as -35C. Although I've seen it get to -65C without the windchill. -102C with the wind.

10. Also in Northern BC, there is huge oil/gas drilling, servicing and pipelining going on. They are connecting it all up, and capping it all off. Some is being transported to the USA.

11. Mining is also on the upswing as well. New gold mines, coal mines, diamond mines are being built as we speak.

12. Farming has been hurting for a few years because grain prices aren't pulling in the $$ for the farmers. And a variety of other factors.

I am proud to be Canadian, and live here. I have no desire to live anywhere else. We have relatively low crime in the smaller towns/cities. And you only have to drive 5 minutes out of town, and in to the beauty of nature!

Although most of us whitey's that have lived here all of our lives, we are fast being a minority because of immigration. But as much as it has concerned most of us at first, we've become accustomed to it. Most people that I meet regardless of race are friendly. And it makes me happy that we have enough room and can give the opportunity to someone who wants to enjoy the freedoms and opportunities we have.

Our health and banking regulations are much stricter than those of the USA. This is good, and ya we have mandatory health coverage. It costs me $54 mth for medical as a single. So that has helped to save us from collapse.

But our banking system is also corrupted. We are still heavily linked with England. Hence the Queen on just about all of our currency. I have provided a link to a really good video this university student did. He interviewed several of our political and banking figures in this video.
If anyone hasn't seen this video yet, you should definitely watch it!

Oh Canada! Our bought and sold out land.

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