XPost: can.general, can.politics, ott.general   
   From: Canuck57@nospam.com   
      
   On 06/09/2011 6:27 PM, John Fleming wrote:   
      
   > In fact, given the number of companies that do business in   
   > the US, and the amount of business they do, the average   
   > Canadian retail investor probably has a far greater exposure   
   > to the US than they realize.   
      
   You could bet on that.  Canada's investment choices are resources and   
   banks, the rest is garbage.  I don't even consider manufacturing in   
   Canada viable and most are "family" or private equity owned.   
      
   Mutual funds are like that.   
      
   Me, I am in Canada, US and China.  Looking for South America to add to   
   the portfolio.  Except for Argentina, seems like Mexico south has been   
   out performing US and Canada pretty good for over 3 years.  I really   
   like is Chile, Panama, Costa Rica and Ecuador.   
      
   >> $Why?  Fleabagger greed and statism gone mad. US government be it state   
   >> $or fed is now double its sustainable size and that is not good news.   
   >> $Talk of tax on just having money, why stick around?  As they should be   
   >> $paying us to have Bernanke worthless electronic counterfeit.   
   >   
   > One of the reasons China is doing so much to prop up the US   
   > currency is they have so much of it in their own   
   > international currency reserves.  If they let the USD float   
   > and reach a sustainable level, they'd get creamed.   
      
   As I see it, given the Bernanke currency expansion for US treasury debt,   
   the USD is big time over valued.  Right now about 6:38 Yuan to the USD,   
   should be about 3 Yuan to the USD.   But tht would mean a trillion   
   dollar devaluation of China's foreign holdings in USD relative to the   
   Yuan.  Which is also where the friction lays.   
      
   US Fed is fraudulently trying to pay 1% interest with 8% inflation for a   
   year over year 7% reduction in value.  And with this fraud, it is why I   
   don't even own a bank and view bonds, preferred and long term lending as   
   toxic investments.  I haven't lend any money since 2006 when the   
   Keynes/Bernanke Doctrine of debt fraud got started.  Interest rates are   
   too fraudulanty and unsustainable low for me to bother.   
      
   >> $I expect inside of 5 years, perhaps even next year, the USD is going to   
   >> $be just like Argentina's currency mess. Hyper-inflation, more debt fraud   
   >> $and delinquency....basically USA is bankrupt.   USA isn't going   
   >> $bankrupt, they are bankrupt just that no one can really foreclose on them.   
   >   
   > If I were the tea party right now, I'd be trying to get   
   > Obama elected to a second term as president.  Much better to   
   > have that albatross hanging around the neck of a Democrat   
   > than around the neck of a Republican.   
      
   USA will not survive a second term of Obama over spend.  That would   
   guarantee a $23 trillion debt, and at that size, totally unrecoverable   
   and unsustainable with absolute assured USD currency collapse.   
      
   In fact, I believe US is at the tipping point now.  I don't plan on ever   
   seeing the US recover from this.  And why in 2004-2006 I massively   
   reduced my US holdings.  And what remains, I will have out by early 2013.   
      
   >> $Canada too is in this boat but is a temporary haven as in the world   
   >> $scheme of things, Canada is a flea on the dog.  Just along for the ride.   
   >> $  By the end of 2012 I will have 50% of my portfolio in central/south   
   >> $America (except Argentina) where banking is more stable and better   
   >> $returns with stable currencies.   
   >   
   > The one thing we do have going for us is the resources we   
   > produce--oil, natural gas, potash, iron, nickel, timber,   
   > uranium, . . ..   
      
   This is the only reason Canada will do relatively well to the US.  I   
   mean the ONLY reason.  If it were not for resources, Canadians would be   
   better off in Mexico slums as you will not freeze.   
      
   >   
   > Pity the US is our biggest trading partner.   
      
   Yes, and why Canada needs to develope its ability to ship goods around   
   the world and not be so damned dogmatic about US only development.   
      
   China is quickly growing as our customer, and may in time be a bigger   
   customer than the US.   
      
   Strange as that sounds, it could happen.  US will eventually seek 3rd   
   world economic levels with this Keynes/Bernanke Doctrine thing.   
      
   --   
   First rule of holes:  If your in one, don't keep digging.   
   So in the hole, why do we insanely want more debt?   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)