We're a bit north of you; except in winter when we move Canada to Arizona.
Should Canada discuss the US debt with its neighbour?
- Thread starter Machjo
- Start date
We could, being a largely resource based economy and the widespread need for resources around the world means there are many nations who need what we have.
It would not be the most practical thing however. Neither though is it wise to have all of our eggs in the American basket.
"The green shoot recession" like Toro said we don't even exist. What we should do is be very very quiet and hope they forget about our resources but that's not likely as they will need all of it to conduct their civil war which is the future for the USoA. The great Satan is going down and all of Satans little helpers are going with the idiots. Have a look at the maps before and after WW1 and you'll get an idea of the next decades emergency economics. Their debt will be paid off in blood, it's the only way, tried and true. You can count on all our eggs and the bacon too being in one big American basket, those resources of ours have already been allocated to Uncle Sam and Uncle Sam will strip us of them as soon as it becomes possible. Nafta and the SPP agreements all have provisions in case of a state of war. You may recall some talk about TWOT (the war on terror) well kiss the oil the trees the minerals and the water good bye, do you believe they won't do us just check out the fate of imperial allies in the case of imperial collapse. We will be screwed chewed and tatooed, Mexico too and the whole of central and South America so we better hope they have their second American revolution and that they get it done quickly and with as little bombing ,strafeing and gassing as possible because without the intervention of jesus or the aliens that is our future. Pay their debt, you must be joking that would take three-hundred years and then there is the war reparations they owe a great many of the earths people. They got one chance and one chance only and that is total war. A decade from now it will be a crime against humanity to hoist and fly the stars and stripes or there is no justice, it is the dirtiest national rag on the planet right now.
Essentially, it woud no longer be a matter of choice. Sure Canada could try to break down trade barriers with the US even further, but if the uS has no more money, barriers or not, it still can't buy from us. It's a simple issue of buying power.
At that stage, Canada's negotiating new free trade relations with other nations would no longer be a matter of choice, but necessity. It would certainly not replace what we now have with the US, but it would still be better than nothing. And it would certainly involve a restructuring our our economy.
I should add though that it would also be in Canada's interest then to try to rebuild the US economy. Among options could include promoting labour-movement agreements with the US so as to allow Americans to benefit from a stronger Canadian economy. This might be counter-intuitive since we'd think in hard times, we should all be thinking of ourselves. However, we must also rememebr that the sooner the US economy would recover, the sooner ours could too.
Hmmm... that's one possibilty. Or the other is that the US does in fact learn from its fiscal indiscretions. We could go either way, but I'd rather think positively that the US will learn from its mistakes and come out stronger in the end (character-wise, I mean, not militarily; militarily, it would likely come out much weaker, but if it plays its cards right, with many allies around the world and so no fear. If it plays its cards right.).
Given the relative size of the two economies, I'm not sure that there's much Canada could do. It would have to be a group effort including the likes of the EU and Australia among others.
Canada on its own? Agreed. Definitely many nations would need to oppose protectionism in their coutnries and keep their borders to the US open so as to give the US a chance to rebuild. Closer ties and collaboraiton would definitely be needed.
But in the end, putting a certain pressure on the US to start paying off its debt would likely be needed too. After all, we can't help the US if it won't help itself.