Re: Euphoria Wanes as Doubts Emerge? O.T.
in response to
by
posted on
Jul 24, 2011 04:22PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
"Canada is now US slave but that will be over fast I have a feeling (as soon as $ crumbles)."
Canadian slavery would not end by US dollar severely depreciating. Our dollar should now be at least 1.20 in US $s. Frequently it has been about 10 percent higher than Swiss currency. The very dependence on US buying our products that we produce for that market has caused our dollar to be depreciated. Bank of Canada is purposly degrading our dollar to reduce job losses in the automotive industry from Ontario and Quebec.
If canadian exports were more diversified by more exports to Europe, and the rest of the world, we would have been more insulated from US contagion.
Canada would never be a German slave, that is pure exaggeration. None of the european nations is a German slave now. What the Germans have is a larger influence than any other in the union. Quite to the contrary it is a solid back bone to the union and we canadians should be proud to have one had we been a member. Much the same as many canadians were appreciative of the US umbrela in the cold war.
Europe is a true union and I suspect France and Britain would remain as good friends to Canada and all of Europe would be glad to have us due to our wealth in resources, mainly oil.