August1991 Posted December 23, 2024 Report Posted December 23, 2024 At $62 billion, we're borrowing peanuts compared to GDP. Our situation is doable. At $2 trillion borrowing, the US federal government is not sustainable. ==== Both governments are selling bonds (borrowing) faster than GDP can generate tax revenues: a Ponzi scheme ==== Thank God we have a Canadian dollar. 2 Quote
August1991 Posted December 29, 2024 Author Report Posted December 29, 2024 (edited) Make no mistake, we in Canada manage our affairs. There is a reason we have our own Canadian dollar. ===== The monetary history of America and Canada is striking. Edited December 29, 2024 by August1991 Quote
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