Originally posted by: LegendKiller
Originally posted by: gingermeggs
Originally posted by: Firebot
The US is about to put up an extra 100$ billion dollars of treasury bonds by the end of next week. Crude oil is going higher, and the effect of all of the bailout money and stimulus money actually going out on the market is starting to have its effect. In reality, the dollar should never have shot up like it had, it was seen as a safe haven when the stock market plummeted for little reason other then fear. Reality is setting in.
The canadian dollar is at 89 cents now. It went down to 78 cents for little reason, beforehand it was actually at par before the stock crash.
It really is worth more....on paper. If you look at resource assets, canada is #1 and australia is #2 russia/territories is #3. the reason the Usd was worth so much was it has/had alot of private ownership of those resources through corporate holdings and a stranglehold on world finance, funny when the Chinese try the same moves on they are blocked at the sxc through political power, wonder what happens if the B.O.C goes international?
Us access to resource is slowly drying up.
It's like flowers in a vase. I feel it's a good thing to see money "rationalize", high time as it's been arse up for a long time......me luv u longtime!
For the little guy housing will become a viability again in my country at lest-au
The Us has been a faux democracy for a fair while, it's good to see this all unwind.
Hell china is more democratic! if it's about the majorities needs and wishes.....
You(USA) gave the world a lot
'-smith&western, gangsta rap, porno, bourbon and casino!
"goodbye sweet liberty"
you can now start throwing your tomatoes and eggs'
The US still has the largest coal reserves, not to mention the largest lumber, fresh water, and geographically diverse area on the planet. Technology going into shale oil production would also put us far above SA in oil fields.
China is hurting, you can look at any of the real economic reports coming out of there. Credit Suisse recently showed that despite their stimulus, economic activity is falling far faster than anybody even predicted.
The US never had a "stranglehold" on world finance. London has always vied for title and several other centers were very competitive, including Tokyo. What's funny is that people like you parroted the same stuff back in the 80s when Japan was going to rule the world.
What's worse is that China still has massive internal problems to surmount. They don't have enough food or land to feed or house their people. Their population is starting to become dangerously outweighed by men. They have a lack of resources, since they really have no oil, gold, or metal production of their own.
Essentially, they depend 100% on exports. They have no middle class or massive amounts of middle/lower class wealth. Take away exports and they can't even cashflow. They've only been able to do so thus far by artificially keeping their currency low.
Russia. Are you kidding me? Their government is fucked. Their economy is fucked. Their "capitalism" (which is nothing more than a government controlled oligopoly) ignores property rights. Their population is in the death throes of negative population growth, apathy, and alcoholic/drug addled decline. What's sad is that they then took the oil "profits", projected out $100bbl oil forever, and tossed shit-tons of money at the former balkans, which is now falling flat on their asses because oil is well below $100 and the balkans are defaulting on the loans.
What's even more sad is that they, like the Middle East, doesn't invest jack shit into their people to build education, infrastructure, and a future. Instead, they, like the ME, place all of the wealth into the hands of a very flew while the rest of the population goes further into a death spiral.
All you've got left is Canada (limited population, but they're pretty healthy otherwise) and Australia, which is going through their own problems.