U.S. Trade Not Guaranteed, Canada Warned

A lot of nonsense and propaganda. Canada exports resources, which is the sale of real capital, for nothing, while China exports finished goods, part of which is definitely and "income" to the exporter, therefore there're no comparisons.

Also, it is China that keeps the US dollar afloat with the buying of worthless US bonds, to keep the exports flowing, therefore, in reality, China pays much of the claimed monetary figures to itself. Canada is basically doing the same, because the sale of capital is not an income. Which might be too hard for an economist to understand.

Then, the US Dollar is worthless, kept up by handouts and will collapse. The only thing we don't know, when? Could it happen this month with the Iranian Oil Bourse????? What then? How are they going to pay for our capital exports and what about our export based industries?

All export based economies are hanging by a thread that can break at any time, therefore, all export based economies are the economies of suicidal maniacs.

Neoclassical economists get into convulsions when the words and concept of "self sufficiency" is mentioned, because they're educated and paid to support the concept of a worldwide system hanging by one chain, where the break of one link can force all others to crash. Right now the top link is the USA, so all others are sending band aids to keep it from breaking. But for how long ?

Canada is in the enviable position to become self sufficient to the highest degree, and trade only necessary resources, but it would take some brains and political daring to bring this into a reality, as it would upset the profit demands of our "foreign investors", otherwise known as the "carpetbagger Mafia".

We've seen the Great Depression from the inside, then the collapse of the European economy after WW2 and the resulting poverty and hunger, and learned our lesson from it. We've been working ever since on the establishment of self sufficient economic systems, have done it to a great degree in our own case, so we don't need some academic egghead, without any practical experience tell us, or to anybody, what can and can not be done.

Ed Deak, Big Lake, BC.

Which means NAFTA is dead.Otherwise what is the point?It is supposed to give us access to the American market.If the border clogs up how is the oil and gas going to flow?
Ed you are right.We need to become self sufficient.We can.Do we want to?

They are right - India, China and others would love to have greater access to Canadian oil and gas.

Let them eat grapes.

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If there was ever a time for Canadians to become pushy - now is the time - for time is running out on this nation called Canada.

What a load of hot air!

On the contrary, trade between Canada and the US is absolutely guaranteed. Along with Ed's comments we can add the increasing price of transport costs. Canada is a much shorter supply line than China or anyone else except Mexico. The US will need us more than ever in the coming years.

Mike

At the risk of going slightly off topic, Ed's comment about about the Iranian oil bourse reminded me of a recent very interesting article about a Norwegian oil bourse. Here is the link.<br />
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<a href="http://www.energybulletin.net/newswire.php?id=13081">http://www.energybulletin.net/newswire.php?id=13081</a><br />
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<br />
Mike

WMD?Terrerists?Quick "W"INVADE Norway,install a democratic government!
Musta been Norwegian trolls that flew those planes into the WTC.

"U.S. trade not guaranteed, Canada warned"

More nonsense from the 40 yr old virgin bow-tie brigade.

Canada to the USA:

We have petroleum, we have water, we have hydro, and we have beer; blow your bluff out your ass.

"The United States imported $243 billion US of Chinese goods in 2005, an increase of 24 per cent from 2004. The increase means China is the second-largest exporter of goods to the United States, behind Canada at $288 billion US, according to the Economic Policy Institute in Washington, D.C."

That's only half the story. How much is the U.S, exporting to China? {besides dollars and technology}

No comparison between China and Canada in terms of equitable trading. The guy is trying to pump smoke up our butts.

The US is addicted to Canadian oil and gas. As soon as Canada realizes that, and trades on the Tehran Oil Bourse to decrease "domination" by Big Brother, things should be more realistic.

The US will still buy from Canada (because of logistics) but will pay in Euro. The Can$ will then soon raise to par with the US$.

When will this happen? Before the end of this year?

<p>Deacon,</p> <p>as the “trade experts” quoted in the article are Canadian academics, it’s not our bluff — it’s Morgan’s and Chow’s fear of some sort of American ultimatum. (I agree that if any such ultimatum were issued, it would be bluff and bluster.)</p><p>---<br>Shatter your ideals upon the rock of Truth.<br />
<br />
— The Divine Symphony, by Inayat Khan<br />

Ahhhh... I see