Canada may declare a war on US!

[Richelieu]

The White House needs a new paint job anyway...

[KrazyHorse]

Originally posted by Whoha


it may have something to do with the massive trade surplus they enjoy with their supposedly evil protectionist neighbor.

And the trade surplus may have to do with the fact that Americans live on credit.

There's something very wrong in the US national psyche. As a country it spends more than it earns. It's not a tenable position.

Don't try blaming other people for your mistakes.

[Whoha]

No, it has something to do with the fact that you have US currency, and aren't using it to buy US made goods. It does not matter that you got it from someone that now owes a debt to someone else, you have it.

[Richelieu]

Originally posted by Whoha
No, it has something to do with the fact that you have US currency, and aren't using it to buy US made goods.

Make better goods.

[KrazyHorse]

Yes, and we're going to invest it in the US, not spend it on the overpriced low-quality crap that comes out of there. There no such thing as a promise that we'll spend the money on stuff you want us to. If the US wants to sell off its assets in order to maintain its lifestyle, then feel free. Just don't ***** about it to your hardworking, frugal neighbours.

The fundamental problem here is not in other countries; it's in the ridiculously low savings rate of the US. You're a country of spendthrifts. Grow up and live within your means.

[KrazyHorse]

Poor whoha. Apparently he thinks there's a conspiracy among dirty foreign commies to drive the US into bankruptcy by forcing them to buy **** that we produce.

[Whoha]

Originally posted by KrazyHorse
Yes, and we're going to invest it in the US, not spend it on the overpriced low-quality crap that comes out of there. There no such thing as a promise that we'll spend the money on stuff you want us to. If the US wants to sell off its assets in order to maintain its lifestyle, then feel free. Just don't ***** about it to your hardworking, frugal neighbours.

The fundamental problem here is not in other countries; it's in the ridiculously low savings rate of the US. You're a country of spendthrifts. Grow up and live within your means.

Foreigners are net sellers of US stock right now, its not being invested.

[Whoha]

Originally posted by KrazyHorse
Poor whoha. Apparently he thinks there's a conspiracy among dirty foreign commies to drive the US into bankruptcy by forcing them to buy **** that we produce.

on the contrary, our mistakes are ours alone.

[KrazyHorse]

GET YOUR **** TOGETHER

[notyoueither]

I'd be selling my assets in a country that was flouting treaties and international obligations as well.

Nothing good is going to come of this.

I really want to buy some Euros. Got any spare?

[KrazyHorse]

Originally posted by Whoha


Foreigners are net sellers of US stock right now, its not being invested.

Over the short term, perhaps. Over any reasonable term that money buys US assets.

[KrazyHorse]

Unless you think that Canadians are using US dollars to insulate their houses?

[notyoueither]

Originally posted by Whoha
No, it has something to do with the fact that you have US currency, and aren't using it to buy US made goods. It does not matter that you got it from someone that now owes a debt to someone else, you have it.

And you have the energy, food, minerals and other resources that you paid us for with those dollars.

It's called trade. The reason there is such an imbalance with Canada is that we supply you with the stuff that you need to run your country and live your lives.

The funny thing is that it's largely imported by US companies to their facilities for processing, but you seem to want to complain about it.

Stop building sprawling cities. Stop driving SUVs. Close your factories. Then you'll have far less need for the resources that we sell you and you'll be happier about the closer balance in trade.

[KrazyHorse]

[KrazyHorse]

Right now the US owes the rest of the world 2-3 months of its GDP

You're making 12 trillion a year, but spending 13.

How long can it last?