I wonder what will happen to our country, which has an economy built upon credit and someone else's money. How exactly can the US economy be stable, when it's built upon credit. What happens if the US doesn't pay back it's debtors. They won't lend to us anymore. It wouldn't be long till there'd be an economic collapse in this country. I just don't get how any intelligent person, could say the US economy is in good shape. When people aren't buying with their own money. The money passing through peoples hands is someone else's money. Sure consumer spending might not be down. However that's because people our continuing to support a lifestyle on credit. I just don't see how that's healthy. It seems to me, that eventually the honeymoon will be over and people will have to actually pay back their loans. When that happens, what will happen? I really would like to know the truth because nobody tells the truth anymore.
A good idea is to develop production of cheap goods for example as China does and also american economy depends on natural resources that a getting more and more expensive
The american government constantly pillage and ripoff canadian resorces. Call it karma that their ecomomy is falling. You can't expect to bully other countries around, start wars, act holier than thow without the rest of the world flipping you the bird. Most canadias are happy the american dollar is sinking, the last time the canadian dollar was worth more than the american was in the 70's.