Zeitgeist Posted April 2, 2019 Report Share Posted April 2, 2019 1 minute ago, bush_cheney2004 said: Then live with the consequences of foreign leadership and policies that impact Canada (e.g. Trump), and stop complaining about it. Ontario's economy (GDP) is an astounding 50% dependent on exports to the USA. China is not the biggest risk to Canada.... I know. I live in Ontario and have heard my whole life how much more we trade with the US than the rest of Canada. It’s one of the reasons you hear micronationalists talk about breaking up Canada and going it alone to shed the burden of Confederation. Yet I think most Ontarians really like Canada, Quebec, the far north, and even the burdens of reconciliation with multiple small Indigenous groups. We generally accept that transfer payments are part of the deal to reverse regional disparity. Canada is an ambitious, unfinished, yet quite successful work in progress. Statehood has its allure, especially as we see special interest groups stall resource development or disincentivize work. I think we’ll be fine. Trudeau swung too far left and will pay the price at the polls. Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted April 2, 2019 Report Share Posted April 2, 2019 Just now, Robert Greene said: That's not gonna last. You're just on your last sugar high. Canada has already experienced a failed empire...better find another sugar daddy...maybe China ? Quote Link to comment Share on other sites More sharing options...
Robert Greene Posted April 2, 2019 Report Share Posted April 2, 2019 Just now, bush_cheney2004 said: Canada has already experienced a failed empire...better find another sugar daddy...maybe China ? Why are you going through government shutdowns every year? Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted April 2, 2019 Report Share Posted April 2, 2019 1 minute ago, Zeitgeist said: I know. I live in Ontario and have heard my whole life how much more we trade with the US than the rest of Canada. It’s one of the reasons you hear micronationalists talk about breaking up Canada and going it alone to shed the burden of Confederation. Yet I think most Ontarians really like Canada, Quebec, the far north, and even the burdens of reconciliation with multiple small Indigenous groups. We generally accept that transfer payments are part of the deal to reverse regional disparity. Canada is an ambitious, unfinished, yet quite successful work in progress. Statehood has its allure, especially as we see special interest groups stall resource development or disincentivize work. I think we’ll be fine. Trudeau swung too far left and will pay the price at the polls. Well, the notion of U.S. statehood (if that's what you mean)...is not a political reality...just more domestic fighting using the "states" threat as ammunition...very Canadian. Canada has an opportunity to secure its own future independent of what happens in the U.S. (or China). Start by building the pipelines and stop screwing around with virtue signaling....or not. Quote Link to comment Share on other sites More sharing options...
Zeitgeist Posted April 2, 2019 Report Share Posted April 2, 2019 2 minutes ago, bush_cheney2004 said: Canada has already experienced a failed empire...better find another sugar daddy...maybe China ? Be careful what you wish for. Trudeau intimated such a plan, and many pundits believe that much of what is going on with Huawei in Canada is an attempt to sour relations between Canada and China, which was making some big inroads with purchases in the oil sands, tech sector, and agriculture. It could happen again on a much bigger scale. Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted April 2, 2019 Report Share Posted April 2, 2019 3 minutes ago, Robert Greene said: Why are you going through government shutdowns every year? Because we can....Canadian budget deficits are a rounding error in the USA. Don't worry about things you cannot control. Quote Link to comment Share on other sites More sharing options...
Robert Greene Posted April 2, 2019 Report Share Posted April 2, 2019 1 minute ago, bush_cheney2004 said: Because we can....Canadian budget deficits are a rounding error in the USA. Don't worry about things you cannot control. I'll talk to those who listen, but I can't control who listens. Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted April 2, 2019 Report Share Posted April 2, 2019 Just now, Zeitgeist said: Be careful what you wish for. Trudeau intimated such a plan, and many pundits believe that much of what is going on with Huawei in Canada is an attempt to sour relations between Canada and China, which was making some big inroads with purchases in the oil sands, tech sector, and agriculture. It could happen again on a much bigger scale. Do it !!! Won't be the first time...Trudeau's father did the exact same thing but look how it all turned out....Canada is still crazy dependent on the U.S. economy. These challenges are for Canada to figure out...the U.S. already has a tougher guy and is going at it with China. Canada is no longer a middle power, and shrinking fast with the current boobs in Ottawa. Quote Link to comment Share on other sites More sharing options...
cannuck Posted April 2, 2019 Report Share Posted April 2, 2019 56 minutes ago, Zeitgeist said: What stats prove that Canada is more dependent on exports than China? China would be a shadow of itself without its trade surplus. Canada is growing with a trade deficit. Eventually China will be a massive market for its own production. The question is, will it be a market for our exports? That was the hope of globalization. If China maintains its lower wages and protectionism, then we know the answer. That’s why we have the WTO, to ensure fair trade, but the rules of the game were too unfair and weakly enforced. Couldn't agree more. Only exception is the caution that China is rapidly increasing in operating costs due to wage pressures, environmental protection costs, infrastructure costs, etc. It is impossible for Westerners to realize how fast everything moves along in China. Most of the stereotypes of life in China are 20 years out of date. And 20 Chinese years are worse than reverse dog years - more like 200 over here. Another note about income and cost of living there: NOBODY reports their income honestly, or many at all to Chinese authorities. One of the big problems for Chinese coming to Canada under immigrant entrepreneur programmes is that they have to be able to show WHERE they got their money - and few can or will. Similarly for cost-of-living numbers: many of the index items are government subsidized up the ying-yang (my yin and yan joke for the day). BTW: we let terrorists into the country with scarcely a half-assed effort to do a real background check, but we blow away people who have proven themselves as successful entrepreneurs by the boatload. Hint: entrepreneurs won't vote Liberal. Quote Link to comment Share on other sites More sharing options...
cannuck Posted April 2, 2019 Report Share Posted April 2, 2019 20 minutes ago, Robert Greene said: That's not gonna last. You're just on your last sugar high. As long as the greenback enjoys absolute hegemony, the Yanks can run up all of the debt they want. Instead of devaluing the dollar, those inflationary forces from printing endless more bux forces most other central banks to jump in and buy to prop up the USD or it crashes all of the dollar denominated instruments and foreign exchange holdings. BTW: did you ever stop to wonder why the US prime rate is stuck down so low? Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted April 2, 2019 Report Share Posted April 2, 2019 4 minutes ago, cannuck said: As long as the greenback enjoys absolute hegemony, the Yanks can run up all of the debt they want. Instead of devaluing the dollar, those inflationary forces from printing endless more bux forces most other central banks to jump in and buy to prop up the USD or it crashes all of the dollar denominated instruments and foreign exchange holdings. See...this guy gets it...promote him. Quote Link to comment Share on other sites More sharing options...
Zeitgeist Posted April 2, 2019 Report Share Posted April 2, 2019 22 minutes ago, bush_cheney2004 said: Do it !!! Won't be the first time...Trudeau's father did the exact same thing but look how it all turned out....Canada is still crazy dependent on the U.S. economy. These challenges are for Canada to figure out...the U.S. already has a tougher guy and is going at it with China. Canada is no longer a middle power, and shrinking fast with the current boobs in Ottawa. Canada is stronger than ever in its history, except militarily. Quote Link to comment Share on other sites More sharing options...
Argus Posted April 2, 2019 Author Report Share Posted April 2, 2019 IF IT'S NOT ABOUT CHINA IT DON'T BELONG IN THIS THREAD! Quote Link to comment Share on other sites More sharing options...
Zeitgeist Posted April 2, 2019 Report Share Posted April 2, 2019 (edited) 24 minutes ago, cannuck said: As long as the greenback enjoys absolute hegemony, the Yanks can run up all of the debt they want. Instead of devaluing the dollar, those inflationary forces from printing endless more bux forces most other central banks to jump in and buy to prop up the USD or it crashes all of the dollar denominated instruments and foreign exchange holdings. BTW: did you ever stop to wonder why the US prime rate is stuck down so low? However, if countries, particularly China, dump the US debt that they hold and the greenback collapses, the US could fast become a wholly owned subsidiary of China, already becoming the case for US manufacturing. The advantage the US has as a hedge against inflation is that commodities are priced in US dollars, but countries with stronger currencies will outspend the US. That’s the downside of China letting the Yuan rise, which will happen as China develops its domestic market and becomes less dependent on exports. The US’s accumulation of debt exacerbates this problem. Edited April 2, 2019 by Zeitgeist Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted April 2, 2019 Report Share Posted April 2, 2019 19 minutes ago, Zeitgeist said: Canada is stronger than ever in its history, except militarily. No....the current flap with China and several other nations clearly demonstrates that Canada has lost influence on the world stage, and no longer has a seat at the "grownup's table". China can easily smell this weakness and is taking advantage of the current situation. Canada is weaker...today. Quote Link to comment Share on other sites More sharing options...
Owly Posted April 2, 2019 Report Share Posted April 2, 2019 7 minutes ago, bush_cheney2004 said: No....the current flap with China and several other nations clearly demonstrates that Canada has lost influence on the world stage, and no longer has a seat at the "grownup's table". China can easily smell this weakness and is taking advantage of the current situation. Canada is weaker...today. Certainly the US is weaker today as everybody laughs at/ignores the current POTUS. Quote Link to comment Share on other sites More sharing options...
cannuck Posted April 2, 2019 Report Share Posted April 2, 2019 10 minutes ago, bush_cheney2004 said: No....the current flap with China and several other nations clearly demonstrates that Canada has lost influence on the world stage, and no longer has a seat at the "grownup's table". China can easily smell this weakness and is taking advantage of the current situation. Canada is weaker...today. Starting just over three years ago. AND: Canadians have nobody to blame but themselves - we elected Mr. Dressup. Quote Link to comment Share on other sites More sharing options...
Zeitgeist Posted April 2, 2019 Report Share Posted April 2, 2019 10 minutes ago, bush_cheney2004 said: No....the current flap with China and several other nations clearly demonstrates that Canada has lost influence on the world stage, and no longer has a seat at the "grownup's table". China can easily smell this weakness and is taking advantage of the current situation. Canada is weaker...today. Only in the eyes of despots. With freedom loving people it’s the complete opposite. Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted April 2, 2019 Report Share Posted April 2, 2019 (edited) 30 minutes ago, Zeitgeist said: However, if countries, particularly China, dump the US debt that they hold and the greenback collapses, the US could fast become a wholly owned subsidiary of China, already becoming the case for US manufacturing. Nope....China only holds about 6% of U.S. foreign debt...Japan is just a little less. The Canadian peso is far more at risk because of economic dependencies and lack of diversification. China can easily impact Canada far more than the USA because of commodities. Edited April 2, 2019 by bush_cheney2004 Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted April 2, 2019 Report Share Posted April 2, 2019 4 minutes ago, Zeitgeist said: Only in the eyes of despots. With freedom loving people it’s the complete opposite. Outcomes matter more than ideals....a hard lesson that Canada is learning with Trudeau. China will push as hard as it can while the present government leads Canada down a road paved with good intentions. Quote Link to comment Share on other sites More sharing options...
Zeitgeist Posted April 2, 2019 Report Share Posted April 2, 2019 Just now, bush_cheney2004 said: Nope....China only holds about 6% of U.S. foreign debt...Japan is just a little less. The Canadian peso is far more at risk because of economic dependencies and lack of diversification. China can easily impact Canada far more than the USA. Under the FECB the Canadian dollar was pegged by the Bank of Canada at around $.90 US to boost exports. Once the dollar was allowed to have a floating exchange rate, it has climbed and dropped but generally settles around 80 cents US. Having our own currency and a central bank is a huge economic hedge. When domestic consumer spending rises and GDP booms, especially if the US is on a downswing, the dollar rises. When our domestic spending sinks, so does the dollar, leading to a boom in exports, protecting employment and growth. Quote Link to comment Share on other sites More sharing options...
Zeitgeist Posted April 2, 2019 Report Share Posted April 2, 2019 7 minutes ago, bush_cheney2004 said: Outcomes matter more than ideals....a hard lesson that Canada is learning with Trudeau. China will push as hard as it can while the present government leads Canada down a road paved with good intentions. Why do you care so much about China? When did the US become such a supplicant? Quote Link to comment Share on other sites More sharing options...
Owly Posted April 2, 2019 Report Share Posted April 2, 2019 13 minutes ago, bush_cheney2004 said: Nope....China only holds about 6% of U.S. foreign debt...Japan is just a little less. The Canadian peso is far more at risk because of economic dependencies and lack of diversification. China can easily impact Canada far more than the USA. Actually China holds ~28% of your foreign debt. Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted April 2, 2019 Report Share Posted April 2, 2019 1 minute ago, Zeitgeist said: Under the FECB the Canadian dollar was pegged by the Bank of Canada at around $.90 US to boost exports. Once the dollar was allowed to have a floating exchange rate, it has climbed and dropped but generally settles around 80 cents US. Having our own currency and a central bank is a huge economic hedge. When domestic consumer spending rises and GDP booms, especially if the US is on a downswing, the dollar rises. When our domestic spending sinks, so does the dollar, leading to a boom in exports, protecting employment and growth. That's all well and good, but you are choosing to ignore the more direct impact of commodity prices on the Canadian dollar. China is now a player in this arena as a consumer of commodities, having significantly more leverage than Canada. In the 1990's Canada's dollar nearly collapsed (default)...Chretien had to slash spending. Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted April 2, 2019 Report Share Posted April 2, 2019 3 minutes ago, Zeitgeist said: Why do you care so much about China? When did the US become such a supplicant? Superpowers think alike....Canada is not part of that club...and doesn't want to/never will be. China matters more to the world than Canada...sorry. Quote Link to comment Share on other sites More sharing options...
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