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Why is the CND$ falling

Discussions about the economic and financial ramifications of PEAK OIL

Re: Why is the CND$ falling

Unread postby rockdoc123 » Wed 13 Dec 2006, 17:48:55

$this->bbcode_second_pass_quote('', 'W')ell since the only things Quebec seem to contribute to Canada are constant whining and corrupt politicians,


hold on now....how about tarte sucre?, tortierre? or some of the great Quebecois micro-brewery offerings like Maudite and Fin du Monde? That's got to count for something? ;-)
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Re: Why is the CND$ falling

Unread postby Dreamtwister » Wed 13 Dec 2006, 17:59:14

$this->bbcode_second_pass_quote('rockdoc123', 'h')old on now....how about tarte sucre?, tortierre? or some of the great Quebecois micro-brewery offerings like Maudite and Fin du Monde? That's got to count for something? ;-)


I can't speak to that. As far as I'm concerned, the only microbrewery that counts is the one in my rec room. I make a mean witbieren! :-D
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Re: Why is the CND$ falling

Unread postby Revi » Wed 13 Dec 2006, 18:31:19

$this->bbcode_second_pass_quote('rockdoc123', '')$this->bbcode_second_pass_quote('', 'W')ell since the only things Quebec seem to contribute to Canada are constant whining and corrupt politicians,


hold on now....how about tarte sucre?, tortierre? or some of the great Quebecois micro-brewery offerings like Maudite and Fin du Monde? That's got to count for something? ;-)


And don't forget le bon sirop d'erable! (I personally like Maine maple syrup) We love to go to Quebec. I have spent many weeks in Ste. Georges la Beauce, trying to learn French. I hope the Canadian dollar gets back to $1.25 so we can afford to visit again.
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Re: Why is the CND$ falling

Unread postby MrBill » Thu 14 Dec 2006, 05:02:05

In many ways, N. America should have been divided East-West rather than North-South.

There are several questions to be asked about Quebec Separation.

Do they have a right to secede from the Union with their existing borders in tact? I would argue that they should only be allowed to leave the Dominion with the same borders that they joined the Confederation with. Not the Quebec we see on the map today that includes large areas in the north of the Province where mainly Native Indians live and not French speaking Quebecois. Alternatively, only those areas of Quebec that vote in favor of separation should be allowed to secede. Quebec of course does not want this because that is where their hydro is produced.

Secondly, who should pay for seccession? Certainly, not the Canadian taxpayers that have been pouring money into Quebec all these years in the name of equalization payments and Canadian unity.

Thirdly, should Quebecers who stay in that Province be allowed to keep their Canadian passport or have dual citizenship if they vote to secede? If Quebec as an independent country is unsuccesful, what would stop those with a Canadian passport or dual citizenship from demanding Canadian benefits like medical care and pensions? Moving into the Eastern Ontario townships and then demanding services in French? The whole mess again.

As far as I am concerned a divorce is a divorce a la Czechoslovakia, but I have zero faith that either the Canadian government or its courts will be as hardline in enforcing a real separation, if it comes to that, where Canadian taxpayers do not keep paying the bills for an independent Quebec long after it leaves Confederation.

Those are some issues. Another point raised was Manitoba joining Ontario? I do not think so. Already there is a movement, small but growing, for areas in western Ontario in the Lake District to secede from Ontario to join the Province of Manitoba. Quite simply they are a lot closer to Winnipeg than Queen's Park and Thunder Bay is an integral part of the Prairie economy.

I think from common bonds the Prairie Provinces have always belonged together. I think that in terms of size and scale an independent Alberta would rather have BC, Saskatchewan and Manitoba along for the ride. Alberta and BC have already signed their own free trade agreements for closer allignment of business interests. I personally think that once some retired Saskatchewan farmers finally pass away along with their social credit and cooperative roots that Saskatchewan will move a lot closer to fiscally conservative Alberta or risk being left behind as all their trained university graduates leave the Province for work in Alberta.

Northern Saskatchewan and Alberta share the same geography and geology. There is no reason why economic development has to end at Lloydminister. Saskatoon should be booming like Edmonton. But Regina has always been an unfriendly place to do business. I think the end of the CWB and development from the oilsands will convince younger Saskatchewan voters that they also need to adopt more business friendly policies, if only to help pay for retirement benefits and healthcare for all those retired farmers.

From a peak oil and resource depletion perspective the Provinces have it all. Water, gas, oil, coal, vast forests and agriculture. They have always been alienated from Central Canada just as the Maritimes have as well. That will never change under a representative democracy where Ontario and Quebec have more votes. However, if Quebec goes, and I sincerely hope not because I am a Canadian, too, that voting balance will tip dramatically. Especially as Alberta and BC grow in size while some other Provinces shrink in population.

I think that Alberta and the Prairie Provinces as well as BC are better off in Canada than they would be alone. However, if the Liberal make another grab for western resource wealth then I think the case for seccession is greater. When commodity prices were low, PET mocked Prairie farmers by giving them the finger and snearing, why should I help sell your grain for you? The NEP was an unmitigated disaster. Jobs in manufacturing always benefited central Canada not the west. I think there are a lot of legitimate complaints about alienation and a raw deal.

I note that Ontario MPPs just voted themselves a nice 25 percent raise. They and the voters of Ontario just do not get it. Alberta is prosperous today because of our oil & gas revenue, but the majority of that revenue flows into Federal coffers or is taxed away through regional transfers, while the foundation of 13-consecutive balanced budgets or surpluses lies in being fiscally conservative not relying on one time windfalls. Until Ontario and Quebec understand that message the regions will always be pulling away from the center.

I was trading FX in London during the last referendum in the mid-90s when the vote was very close. The volatility was high, but nothing like the meltdown of the ERM. Economic fundamentals are different today, and Canadian as well as many Provincial budgets are in surplus now instead of being in the red. Therefore, it is hard to speculate on what would happen to the Loonie should Quebec have a successful referendum to secede? However, I think we are talking about an initial 20 cent drop in value of the CAD followed by a correction of 5 to 10 cents. And then it would really depend on the terms of the divorce? Those details would only emerge weeks, months and years later.
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Re: Why is the CND$ falling

Unread postby Doly » Thu 14 Dec 2006, 11:41:16

My theory is that peak oil will encourage all sorts of separatist movements everywhere. Which means that Quebec will secede, eventually.
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Re: Why is the CND$ falling

Unread postby MrBill » Thu 14 Dec 2006, 12:00:56

$this->bbcode_second_pass_quote('Doly', 'M')y theory is that peak oil will encourage all sorts of separatist movements everywhere. Which means that Quebec will secede, eventually.


yes, I agree, resource depletion everywhere is about the have and the have nots, and that is always a recipe for jealousy and conflict.

what is a shame in the CDN context is how good Quebec has had it, but they have been lied to and blinded by their leaders, until all the English speaking companies and workers have left. And then it becomes some sort of self-fulfilling prophecy, as PQ falls behind in development and job creation, so there must be something wrong, right?
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Re: Why is the CND$ falling

Unread postby FoxV » Thu 14 Dec 2006, 13:26:04

Quebec seperation would be a very interesting case study as I don't believe there has ever been an un-armed seperation of one state from another.

And as you say Mr. Bill, not only is the seperatist movement a shame, but it is also a good possiblility (and become more likely as TSHTF).

A very strange demographic situtation is developing in Quebec. They are importing a huge amount of non-english immigrants. You would think that this would spell the death knell for seperatism, but on the contrary its becoming a big boost.

Most of the people coming in are middle-eastern Muslims. This particular population has been pre-conditioned to follow public leaders. They are quick to rally behind the seperatists leaders, even though they would be they first ones exiled from the very elitist french white catholic culture of Quebec.

The end result of this is that after seperation, all these immigrants (quickly moving to become a majority in Montreal and Hull) would probably succeeded from Quebec and join Ontario

This would remove 75% of the population of Quebec and almost all of its industrial base. It would also open Pandora's box for a lot of other seperations throughout North America.
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Re: Why is the CND$ falling

Unread postby MOCKBA » Thu 14 Dec 2006, 16:53:17

$this->bbcode_second_pass_quote('FoxV', 'Q')uebec seperation would be a very interesting case study as I don't believe there has ever been an un-armed seperation of one state from another.

Look at Czechoslovakia for a recent example. In fact I think Quebec will follow Czechoslovakian model - USA, Canada and Quebec in a new North American trade framework.

$this->bbcode_second_pass_quote('FoxV', '
')A very strange demographic situtation is developing in Quebec. They are importing a huge amount of non-english immigrants. You would think that this would spell the death knell for seperatism, but on the contrary its becoming a big boost.

Most of the people coming in are middle-eastern Muslims. This particular population has been pre-conditioned to follow public leaders. They are quick to rally behind the seperatists leaders, even though they would be they first ones exiled from the very elitist french white catholic culture of Quebec.

I still cannot get over how anglofones totally do not know and even less understand what is happening (been happening) in Quebec. Come on, Quebec was put under British rule over 2 centuries ago - plenty of time to figure out that things work differently in Quebec... When reffering to "the very elitist french white catholic culture of Quebec" are you talking about this http://www.youtube.com/watch?v=d2mSJj3sMW0 (those not familiar with recent Molson commercials should first watch this http://www.youtube.com/watch?v=JqUde5i4KbI )

Anyhow, Quebec did got a boost in new immigrants recently, but contrarily to popular believe the boost came from Europe from all places. Yep, French flooded Plateau escaping from muslims en France, but the majority of the boost came from Eastern Europe. Non-French speaking immigrants do not last in Quebec long and move out to GTA (no surprise they busted terrorist cell in GTA) and down south. Those who stay, eventually become Quebecois because there is very little insentive to stay in Quebec apart from a desire to become a Quebecois.

The reason why allophones decided last Quebec referendum was that a lot of them just got a voice in the matter (got their citizenship expedited and we all do know that recent immigrants are generally Canadian first and Quebecois second). This would be happening next time too, but I would think separatists learned their lesson and would give enough time for those to leave for GTA and not cast their ballots in QC. Ain't it why they've been asking Harper about his position on "Nation Quebecois" since Jour-de-Fete?

$this->bbcode_second_pass_quote('FoxV', 'T')his would remove 75% of the population of Quebec and almost all of its industrial base.

This is an interesting believe that I find to be true but only partially and with every blackout in Toronto it goes even less true (And this is the reason why I think it would be westerners after all who would do Canada in once oil boom would turn oil bust). This believe I've seen expressed the best in a conversation about separatism between bluecollar Quebecois and his anglophone whitecollar master and it went something like this... "we would separate but then what? You know English, you would go to Ontario or better yet to the States. What am I going to do? I don't speak English, I am stuck in Quebec"... See the presumption is that it always be better in Ontario or the States. What if not? What if despite that he could, the whitecollar master would decide not to?
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Re: Why is the CND$ falling

Unread postby threadbear » Thu 14 Dec 2006, 17:08:58

It's very important to note that the changing nature of Francophone sentiments against the rest of Canada have as much to do with our close relationship with the US, than our historic links with Britain.

I am 100% behind them and view the French in Canada as a buttress against complete absorption into the body politic of the US. I also view Harper's recent semantic brouhaha, regarding whether Quebec should be granted "separate nation within a larger nation" status as manipulative bullsh**.

The conservatives know they can't maintain power in Canada unless Quebec secedes, so the separate nation talk initiated by spoiled fat boy, Harper, is just the opening salvo. The conservatives and their minders in the US, would like nothing better than to see Quebec driven out of federation.
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Re: Why is the CND$ falling

Unread postby MOCKBA » Thu 14 Dec 2006, 18:01:49

$this->bbcode_second_pass_quote('threadbear', '
')I am 100% behind them and view the French in Canada as a buttress against complete absorption into the body politic of the US.

It goes both ways though. Without ROC Quebec could easily slip into quazi-commie state... so there are benefits from Federation of two distinct nations within one country... it is taxation without representation that is the issue I think (both for Quebec and for the West).
$this->bbcode_second_pass_quote('threadbear', '
')I also view Harper's recent semantic brouhaha, regarding whether Quebec should be granted "separate nation within a larger nation" status as manipulative bullsh**.

It is not recent by any means. Didn't they show outside Quebec how on June 24, 2006 Harper was made to face a question - "does he or does he not recognize Quebec as a nation?"? He managed to get away without answering but not for long - the Bloc moved on this and almost made the parlament vote on this without conservative opinion. Wouldn't Harper spinned it the way he spinned it his government could have fall in less then a year. Now, it could fall in less then 2 years. Extra year in the office should be worth something. :)
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Re: Why is the CND$ falling

Unread postby FoxV » Thu 14 Dec 2006, 18:11:37

$this->bbcode_second_pass_quote('threadbear', 'T')he conservatives know they can't maintain power in Canada unless Quebec secedes, so the separate nation talk initiated by spoiled fat boy, Harper, is just the opening salvo. The conservatives and their minders in the US, would like nothing better than to see Quebec driven out of federation.

Harper is our first PM since Mulroney and already I hear the old theme of "Manifest Destiny" creeping back in to politics.

I assumed this was just a Mulroney thing but are the conservatives as a whole pro-american (anti-canada).

Certainly one way to do it would be to have Quebec seperate. If we think our Dollar is falling now just wait till after Quebec splits off. Canada does not have the global credibility to take such a blow with out serious hardship. Such a shake up of Canada's economy and politics would give the North American Union initiative a serious leg up.
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Re: Why is the CND$ falling

Unread postby MrBill » Fri 15 Dec 2006, 04:53:13

Mockba wrote:
$this->bbcode_second_pass_quote('', 'I') still cannot get over how anglofones totally do not know and even less understand what is happening (been happening) in Quebec. Come on, Quebec was put under British rule over 2 centuries ago - plenty of time to figure out that things work differently in Quebec... When reffering to "the very elitist french white catholic culture of Quebec" are you talking about this http://www.youtube.com/watch?v=d2mSJj3sMW0 (those not familiar with recent Molson commercials should first watch this http://www.youtube.com/watch?v=JqUde5i4KbI )


Mockba, you know I respect most of your opinions, but on this issue I have to disagree. Maybe you just have not been 'a Canuck' long enough? ; - )

If we go back to pre-FLQ days, Montreal was Canada's largest and wealthiest city. After the Separatists came to power corporate Canada moved to Toronto, and it was only a matter of a few decades before Montreal declined in wealth and influence, while Toronto grew in stature. Yes, they shot themselves in the foot!

By the way, the biggest exodus was by the Jewish community. Of course, separatism will gain headway if more and more native English speakers leave the Province.

At the Battle on the Plains of Abraham the French were defeated. To this day I do not understand why the British decided to have two founding nations in Canada? Heck, the Scottish fought on both sides of the battle, and there were more Germans in Canada than French speakers? Canada screwed it up from the very beginning, and in pandering to the French have been messing it up ever since. Two founding nations? What about the Natives? ; -)

Multiculturalism under PET was invented in a backroom in the 1970s by a bunch of immigrants who were neither French or English. I was so happy when PET died. What a fucking asshole. He did more to damage Canada then any Prime Minister before or since.

I do not like the French in general. Not in Canada. Not in France. That is not to say I do not love France. What a country. It has everything. The food, the wine, the culture, the Atlantic and the Mediterranean, fertile farmland and the Alps. What France does not have is an Anglo-Saxen business culture or case law. And France has always suffered from super power envy. I find it ironical that France, under CdG, supported minority language rights in Canada, while repressing all regional languages in France. How do you say hypocritical in French?

Now, my step-father and step-brothers and sisters are French Catholic, and my best friend is from Montreal, so perhaps I should be careful what I say?

But Alberta and Ontario have paid and paid to keep Quebec in the union through equalization payments, and the only thanks we have ever gotten is to be spit in our face by Quebec separatists. I think it became very clear during the last referendum in the 90s that Canadians asked Quebec to stay. However, at the same time they said, stay, but under no better or no worse conditions than any other Province.

At heart, we are a very fair minded people. We are very generous, but we do not like to give special treatment to one group over another. So it was very clear that Quebec could stay or go, but we were not going to keep giving and giving with nothing to show for it. Either Quebec can accept that or not? I do not think it is my lack of understanding of Quebec? As a matter of fact, I said, if Quebec goes maybe we could give them Newfoundland as a going away present?

An aside (not directed at Mockba). For all you Conservative bashers in the crowd. The Liberal Party has been in power for 70 out of the last 100 years. How dare you try to blame the Conservatives for mistakes made and perpetrated by the Liberals.

In case some of you are interested you might actually read the NAFTA agreement, so you understand what is and what is not covered by it. And then you might do your homework and see Canada's trade balance both before and since NAFTA was implemented.

America screws Canada over even with bi-lateral agreements at their own whim. Without trade settlement mechanisms it would not only be soft wheat, hogs, beef and lumber, but anything else they felt like slapping punitive tariffs on. And NAFTA does not preclude exporting to other nations. It just so happens that the largest market in the world is on our doorstep. If it is such a bad deal for Canada why have not successive Liberal governments torn it up?

Water, not energy, is the biggest trade issue. And despite a bi-lateral agreement covering water issues between Canada and the USA several states are drawing from the Great Lakes Basin despite a ban on such withdrawls. Plus N. Dakota has been sending waste water north via the Red River into Manitoba despite protestations from Canada that it is contaminating Lake Winnipeg. So if you want to take your chances without NAFTA then just wait for a protectionist Congress to slap even more import surcharges and non-tariff barriers against Canadian exports. Maybe just to gain leverage on non-related issues?

p.s. a great youtube I am (not) Canadian video clip. Thanks.
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Re: Why is the CND$ falling

Unread postby FoxV » Fri 15 Dec 2006, 13:22:44

I think its safe to say that all political parties have screwed up their respective countries. I think that's just part and parcel of our short term democratic systems. I just didn't realize the Conservatives had an embedded american bias.

ultimately I've come to realize that as long as the US stays intact, the merging of US and Canada is inevitable. A nation of 30M with vast surpluses and minimal army cannot survive next door to a nation of 300M with a vast army and minimal surpluses.

Our only chance to stay a distict country is if something like THAI lives up to its potential. With so much oil available from that process then enough deals can be struck with the rest of the world to keep our sovereignty.

Barring that (or a US breakup), we're pretty much screwed (the fact that Quebec thinks they can survive seperated from Canada I find laughable)
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Re: Why is the CND$ falling

Unread postby MOCKBA » Fri 15 Dec 2006, 14:13:15

$this->bbcode_second_pass_quote('MrBill', '
')By the way, the biggest exodus was by the Jewish community. Of course, separatism will gain headway if more and more native English speakers leave the Province.

Here is the data to partially back it up. This needs to be compared against I believe statcan data on interprovincial migration that I don't have a link handy and it would absolutely back up my earlier claim that francophone immigrants move in and stay and it is anglo and allo phones who move out (to GTA). This way it compensates for natural decline due to 1960-1970 fertility crysis. Despite what they say in media - "separatism is a no-issue since 90ies because of multiculturalism", on the ground, separatism is on the rize and this is what shocked me personally.

$this->bbcode_second_pass_quote('MrBill', '
')At the Battle on the Plains of Abraham the French were defeated. To this day I do not understand why the British decided to have two founding nations in Canada?

There were not enough German soldiers to have it any other way. Brits just lost more important southern colonies to separatists. Quebec separatists had to be pacified any possible way.
$this->bbcode_second_pass_quote('MrBill', '
')Canada screwed it up from the very beginning, and in pandering to the French have been messing it up ever since.

Nope, it just Canada never had her Lincolns and her true Civil War when it was possible to settle things thru a civil war. Half-arse solutions yeild half-arse results.
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Re: Why is the CND$ falling

Unread postby MrBill » Mon 18 Dec 2006, 11:25:04

TD Bank with large US operations backs Liberal Dion.
$this->bbcode_second_pass_quote('', 'T')he invitations were sent on behalf of both Mr. McKenna and TD chief executive officer Ed Clark, a former high-ranking civil servant with strong Liberal ties.

TD is footing the bill for the Toronto luncheon, which will include both Liberal and Conservative backers on the guest list. It is not being billed as a fundraiser.
Dion makes his Bay Street debute

I think a pro-USA bias by the Conservatives is a fear-mongering slogan by the Liberals?
$this->bbcode_second_pass_quote('', 'D')ion has also admitted he was once a member of the separatist Parti Quebecois -- so the fact he held French citizenship while supporting a party that opposes Canadian citizenship indicates there is more here than someone who merely had some citizenship papers forgotten in some dusty, old shoebox.

Dion swore an oath of loyalty to France while supporting a party that was disloyal to Canada.

gracelss under fire

My family are conservative, and politically active in the PC party at both the Federal and Provincial levels. My father was an MP. I consider myself a small c- conservative and a small l - liberal as although I am fiscally conservative, I am a social liberal, and see no room for the government in people's private lives. Period.

Also, as I have lived, worked and studied in so many countries, I am not afraid to criticize what I do not like, while borrowing good ideas from wherever I find them. If you want to know my true opinion, I hate the left-leaning media in Canada more than the politicians.

But it is absolutely laughable to say we have a pro-US bias? Even in socially conservative Alberta, Prof. Morton scared too many voters with his lurch too far to the right and American ideas.

I think on peak oil dot com we should all put aside party politics and labels. They will not help us find solutions in any case. Deal?
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Re: Why is the CND$ falling

Unread postby FatherOfTwo » Mon 18 Dec 2006, 19:16:40

$this->bbcode_second_pass_quote('MrBill', ' ')If you want to know my true opinion, I hate the left-leaning media in Canada more than the politicians.

But it is absolutely laughable to say we have a pro-US bias? Even in socially conservative Alberta, Prof. Morton scared too many voters with his lurch too far to the right and American ideas.


Way off topic here, but anyways...
I actually like the (glaringly obvious) left leaning media in Canada. Save of course the national post and globe and mail.
A left leaning media is one of the few things that are available to keep in check right leaning corporations. (eg. running roughshod over the environment, especially in Alberta.)
I too am a small c conservative fiscally and big L liberal on social issues. Why aren't there any parties that are like this???
Anyways, PC's still rule Alberta, so I joined and voted for my man Stelmach, was thrilled and surprised to see him win. I also know other liberal Albertans who were so paranoid about Morton getting in that they bought a conservative membership just to vote against Morton. :-D
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Re: Why is the CND$ falling

Unread postby keehah » Mon 18 Dec 2006, 20:08:13

$this->bbcode_second_pass_quote('', 'I') actually like the (glaringly obvious) left leaning media in Canada. Save of course the national post and globe and mail.


Save of course CanWest Global (national post, et al) and Bell Globe Media (globe and mail, et al) what are we left with? The CBC and local community events counter-culture papers.

The CBC was last century 'left', but now is in full keep the sheep asleep mode. Radio with arts, funny stories and sports, TV indistinguishable from its two private competitors.

The mainstream media is the neo-Liberal Project, North America's Trance State of Consciousness.

$this->bbcode_second_pass_quote('', 'u')ltimately I've come to realize that as long as the US stays intact, the merging of US and Canada is inevitable. A nation of 30M with vast surpluses and minimal army cannot survive next door to a nation of 300M with a vast army and minimal surpluses.

Two sentences that say it all IMO. I expect the Amero by 2010.
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Re: Why is the CND$ falling

Unread postby threadbear » Tue 19 Dec 2006, 01:07:26

$this->bbcode_second_pass_quote('FatherOfTwo', '')$this->bbcode_second_pass_quote('MrBill', ' ')If you want to know my true opinion, I hate the left-leaning media in Canada more than the politicians.

But it is absolutely laughable to say we have a pro-US bias? Even in socially conservative Alberta, Prof. Morton scared too many voters with his lurch too far to the right and American ideas.


Way off topic here, but anyways...
I actually like the (glaringly obvious) left leaning media in Canada. Save of course the national post and globe and mail.
A left leaning media is one of the few things that are available to keep in check right leaning corporations. (eg. running roughshod over the environment, especially in Alberta.)
I too am a small c conservative fiscally and big L liberal on social issues. Why aren't there any parties that are like this???
Anyways, PC's still rule Alberta, so I joined and voted for my man Stelmach, was thrilled and surprised to see him win. I also know other liberal Albertans who were so paranoid about Morton getting in that they bought a conservative membership just to vote against Morton. :-D


Left leaning, my foot. Mansbridge's ridiculous coverage of OUR soldiers in Afghanistan clearly shows that the obsequious worms working at CBC are looking for increased funding from the toady Harper govt..

I am freaking well fed up with this country and if Dion doesn't straighten out the politics and also introduce some strong anti-combine legislation to deal with media consolidation, I'm leaving.

http://www.insidethecbc.com/shows/the-n ... obsession/
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Re: Why is the CND$ falling

Unread postby MrBill » Tue 19 Dec 2006, 04:02:46

Since we are already way-off topic...

keehah wrote:
$this->bbcode_second_pass_quote('', 'T')wo sentences that say it all IMO. I expect the Amero by 2010.


I will take that bet! Canada is an exporter with a budget surplus and its financial house in order. We do not need the USA or their fiscal problems such as a giant current account deficit and gaping holes in their future unfunded liabilities like Medicare and Social Security. We would be crazy to get into bed with a N.American union project.

Sure, at the moment, we are very dependent on the US for trade, but that is natural as they live right next door and need many of the things that we can produce. However, we are not going to ship stuff south for free, so if America lacks the ability to pay then those exports will be re-directed elsewhere. To the next best alternative. Once the stuff is at the Pacific coast or Great Lakes/St. Lawrence Seaway it can travel anywhere to willing buyers.

We cannot talk about peak oil and resource depletion, and then in the next breath say, that, without the USA, Canada cannot export its commodities, metals and energy. Manufacturing and the employment it brings is another story altogether. Clearly, Canada benefits immensely from free trade with the US under NAFTA, and those jobs might disappear if the border was closed or if America could not longer afford imports. Two pairs of shoes. But obviously when 87% of your exports go to one customer they are important.

Never the less, in recent polls about 87% of Canadians hold a less than favorable or very unfavorable view of America. And that is even in the absense of an imminent risk to Canadian sovereignty. Were that to come to fruition, I am sure disapproval rate would rise to 99%! We do not want to be part of the USA. Period. We are the only country that defines itself as being NOT American. That is a pretty strong statement.

So, no, I do not see an Amero project by 2010 or 2050. If Canada disintegrates into regional blocks they will likely remain small, weak, without influence, but independent. Assuming they also can negotiate N.American free trade privileges.

However, that is not to say that if there was a genuine crisis in the USA that America could not annex Canada by force. There having strong trade and political ties with other nations is Canada's best defense given our small population, large unprotected borders and inadequate military capabilities. NATO and the UN must be good for something or God help us? ; - )

USD/CAD at $1.1570 this morning. The year is ending on a real sour note due to soft energy prices and uncertainty surrounding income trusts. However, as I have to sell euro and buy C$ it is going my way at the moment. Although in the short-term the US dollar is clawing back some of its recent losses against the euro. A dead cat bounce?
The organized state is a wonderful invention whereby everyone can live at someone else's expense.
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Re: Why is the CND$ falling

Unread postby MOCKBA » Tue 19 Dec 2006, 13:19:40

$this->bbcode_second_pass_quote('MrBill', '
')Sure, at the moment, we are very dependent on the US for trade, but that is natural as they live right next door and need many of the things that we can produce. However, we are not going to ship stuff south for free, so if America lacks the ability to pay then those exports will be re-directed elsewhere.


I doubt "those exports" will... at the very least not in the current volumes. There is a saying "customer is always right" because when you loose your biggest customer (taking over 50% of your stuff) you probably would go out of business, go thru a period of rethinking and come back later peddling different stuff leaner and meaner then before.

Back in the days Maggie Thatcher ventured into saying that Russia needs a population of no more then 50 million people to service its vast natural resources... How many people are needed to service Canadian natural resources?

The thing is that during the time of excess (like we are currently experiencing) what do you do with excess? Cut a $400 check and give it back to the people? Make 10+ kinds of Vodka available to the people instead of 3? Steal that excess from the treasury or otherwise waste it?

During the first test to the system in the 70ies Canadians experimented with nationalization. Mr. Bill should tell us all how bad it was when it is done not at a gunpoint and to the benefit of people. Yet I was very surprised when I learned that this was partially due to nationalization of electricity generation in Quebec. See, both the motor and the battery are made in Quebec by HydroQuebec spin-offs sucking in those excess funds that HydroQuebec is misallocating (the battery business closed doors in November once American oil company bought controlling interest and now I believe they would be using the battery from Valence Technology which is actually a good thing). Would this "misallocation" make Boucherville the Detroit of XXI century?

There is another big employer in Quebec that is famous for extorting monetary favors from the governments before committing to a project. This one builds most of the rail cars in the free world and will eventually rebuild rail in North America. Would those two activities I outlined “carry” about 5 million of francophone left in Quebec in Maggie Thatcher sense? Because there are more like http://www.turcotte.ca and so on, and BTW not all the food is trucked to Quebec from States (thought local does suck sometime).

This got way off topic, still very interesting to see how Canada would deal with both energy and demographics (baby-boomers) crysis. Nationalization and socialism or US vassal and capitalism?
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