[Stellar]

As the United State's economy sinks, Canada's will begin to sink as well. Fortunatly, within 5 months you will hear very little about this U.S financial crises. You can hold me to it: The U.S will not collapse in any of our life times, it is much to strong, much too powerful, and is the financial centre of the world.

Regards,
Stellar.

[sandorski]

Stellar Stellar:

As the United State's economy sinks, Canada's will begin to sink as well. Fortunatly, within 5 months you will hear very little about this U.S financial crises. You can hold me to it: The U.S will not collapse in any of our life times, it is much to strong, much too powerful, and is the financial centre of the world.

Regards,
Stellar.

Not anymore. London England is now the Financial Center of the World.

[tritium]

[ziggy]

JustKate JustKate:

You have to wonder if the media is making things worse, scaring folks? What aweful timing, during an election. It will be tough for people to think straight if they are scared.

My dad just left from visiting and he's from Arizona,he thinks us Canadians seem far more concerned then they are.

It's also a convenient way for some to try and make Harper look bad.
The ol bush in bed with Harper thing.Some libs and kneedippers are even praying for Canada to follow suit just so they can say "Told ya so".

[Reverend Blair]

Collapse is likely too strong a word...Rome didn't fall in a day, you know.

The US isn't going to be the power it once was though. Hell, it already isn't the power it once was. It used to produce 50% of the world's goods, now it makes 20% and is slated to be down to 15% in a few years. The country itself is hugely in debt. This isn't just a crisis over bad mortgages. The corporate and political cultures have their priorities twisted. Likely most importantly, the rest of the world isn't so willing to play along anymore.

Will it affect Canada? Oh yeah. We've tied ourselves at the hip to the US economy. Ontario is already asking about receiving equalization.

It doesn't stop with trade and tourism either. While Canada doesn't owe so much on the national debt and has stricter banker regulation, we do have a lot of consumers who are in over their heads. As our economy slows, the effects of that are likely to snowball.

It won't be as bad as it is in the US, but it's going to be worse than Harper will admit.

[ManifestDestiny]

I read some where once that there is over 30 trillion that will be passed from the baby boomer to their children. just think about that

[Reverend Blair]

All that debt gets passed along too, Manifest. Assuming the $30 trillion is in the US (you don't say), you first have to take household debt out, then you can start addressing national debt. Not much left after that, is there?

[ShepherdsDog]

Reverend Blair Reverend Blair:

Collapse is likely too strong a word...Rome didn't fall in a day, you know.
The US isn't going to be the power it once was though. Hell, it already isn't the power it once was. It used to produce 50% of the world's goods, now it makes 20% and is slated to be down to 15% in a few years. The country itself is hugely in debt. This isn't just a crisis over bad mortgages. The corporate and political cultures have their priorities twisted. Likely most importantly, the rest of the world isn't so willing to play along anymore.

Will it affect Canada? Oh yeah. We've tied ourselves at the hip to the US economy. Ontario is already asking about receiving equalization.

It doesn't stop with trade and tourism either. While Canada doesn't owe so much on the national debt and has stricter banker regulation, we do have a lot of consumers who are in over their heads. As our economy slows, the effects of that are likely to snowball.

It won't be as bad as it is in the US, but it's going to be worse than Harper will admit.

No, but a big chunk of it burned to the ground in a matter of days.

[Reverend Blair]

Yup, but there was a long, slow slide before that where the powers that be ignored their critics and continued business as usual. Sound familiar?

[ShepherdsDog]

Kingdom, republic and Empire

[bootlegga]

tritium tritium:

[bootlegga]

Reverend Blair Reverend Blair:

Yup, but there was a long, slow slide before that where the powers that be ignored their critics and continued business as usual. Sound familiar?

Just like the Brits at the beginning of the 20th century. They started out as top dog and were a distant #3 by 1950. When the US starts to tail off, it'll be a long time in happening.

[Reverend Blair]

It will be a long time coming, but it really started under Reagan, so it's already been a while. I expect we'll be watching it accelerate a bit now. It's still not going to happen overnight though. At least I hope not, most of the world is screwed if it does.

[Yogi]

[quote="Bacardi4206"] Because although I am a Anti-American. If there is anybody I would rather trade with, and partner with. It would be America, and Americans as we pretty much are the same and have close ties for a hell of a long time.

[Scape]

What's with all this end of the world talk? Even if the US was to drop to half of its current power it would still be the most powerful nation on the face of the earth. The only difference will be it will no longer be able to tower over coalitions of several nations and it will need to learn how to make concessions once again instead of demanding its their way or the highway. When the Berlin wall fell Russia didn't 'die' so why should the US be any different? For Canada there will be no real change, they will still be our largest trading partner simply because they are right next door. The sun will rise tomorrow.

The US is just going to learn to deal with less, that's not the end of the world it's the end of the culture of excess which has sustained their economy thus far to date. That mantra is not sustainable and a lot of culling is needed to thin the finicial heard of the mad cows that are still swept up in that silliness. You can't live on debt alone.