Tell me its good, I really need a good laugh. There are a lot of problems out there
that haven't even been addressed. Has anyone noticed, China has posted it first
trade deficit in years. That was on CNN and I believe the CBC last weekend. That
means the real truth is coming out in America. There has been reports of lower and
lower port traffic for over a year and a half. The surplus in the United States is used
up and they are buying less imports from China.
There are still hundreds of trillions of dollars in leveraged or derivative funds and if
there is a default by either government or corporations the entire system will simply
collapse. The Canadian dollar is rising don't you believe it, the American dollar is
falling like a stone losing several points. Looking at the articles such as Money News
and so on, the American Dollar could lose 20% of its value.
Like the Great Depression the economy faltered, rebounded faltered and into the
thirties 31 and 33 the worst years demonstrated trusting the word of the money
folks could lead to a lot of trouble. I don't believe the American problem is over
and we are not out of the woods either, everyone is going to a lot of trouble to
have you see green shoots.