Originally Posted by Kevdawgg
Will Canada be affected when the U.S. economy collapses, and then the SHTF happens?
The US economy will not collapse, because that is not how economics or economies work. It's amazing that people waste bandwidth on such nonsense.
Originally Posted by Nor'Eastah
The US will not have an "economic collapse". It is already going through a currency collapse, which is quite a different thing. Since the inception of the Federal Reserve in 1913, the $US has lost either 96% or 98% of its value (depending on whose figures you use).
Wow, that's a little disingenuous. And what about all of the other federal reserves?
The US Federal Reserve is a central bank. It is identical in every way to every central bank on Planet Earth. It does everything that every other central bank on Planet Earth does.
Why don't you tell people how much value all other currencies on Earth have lost in the last 150 years?
Why don't you tell people how greatly the British Pound Sterling has been devalued? The Brits have a federal reserve (and so does Canada); they just don't call it a federal reserve. They have some other fancy name for it. Since 1971, the average annual rate of Real Inflation in the US has been half that of Great Britain's.
As a point of fact, there are only two countries on Planet Earth that have had a lower rate of Real Inflation than the US since 1971.
How come you never mention that?
There are what, 196 countries? So the US and two other countries (Switzerland and Brunei) are doing better than 98.46% of all countries on Planet Earth.
Or, you could look at it the other way: 98.46% of the countries on Planet Earth are worse off than the US.
No doubt, the US Federal Reserve must be doing something
Actually, I'm wrong. I said "countries" but should have said currencies instead. Since many countries use the Euro, that would mean that...
...the US Dollar has retained its value better than 99.0+% of the countries on Planet Earth since 1971.
Over the period as a whole, prices have risen by around 136 times. This compares to an increase of 128 times using the old method. Thus one (decimal) penny in 1750 would have had greater purchasing power than a pound in 2002.
Since 1945 prices have risen in every year. In 2002 prices were almost 27 times higher than in 1945. By contrast, prices were lower in 1939 than in 1919.
And now, for something completely different:
In the 18 year period 1984-2002, the value of the British Pound Sterling declined 49%.
In other words, 1 Pound Sterling in 1984 was only worth 51 Pence just 18 years later.
Or, you could say that in 1984, 1 Pound Sterling was equal to 1 Pound and 98 Pence (2002 Pound Sterling).
So, who here on this forum would like to dump the Federal Reserve in favor of a central bank, like the Bank of England?
Oh c'mon people. Don't you want see your currency devalued nearly 50% in a mere 18 years?
No? Why not? Be careful what you wish for.
When people withhold information from others that would alter their perception of the event or concept, we call that Academic Dishonesty.
When you finish your BA in Economics (assuming you ever do), you'll be light-years behind me in terms of knowledge and experience [in Economics], and perhaps you can have an intelligent rational discussion based on facts, instead of intentionally withholding information from people to skew and twist how they see and perceive things.
And if you're not intentionally withholding information, then the common sense thing to do is refrain from discussing things which you obviously know nothing about.
The quarterback is toast....
Originally Posted by Zoisite
Canada isn't a burden to America, it never has been and never will be. Canada has more natural resources and is in better economic....
That would be the wrong conclusion. Yes, O, Canada! does have vast resources, however, O Canada! lacks the Capital to develop those resources.
The problem with oil and natural gas, is that they are Capital intensive, meaning they require a tremendous amount of Capital to build the infrastructures in order to transport, process, refine and distribute the products.
There is intense competition for Capital. If O, Canada! invests money, resources and labor (Capital) into the oil and natural gas infrastructure, then were does that leave manufacturing?
See the problem? The manufacturing sector and the energy sector compete for private investment money, public investment money, labor, and all manner of other resources. That intense competition can result in the loss of your manufacturing sector.
One of the reasons single-cash-crop economies, like the oil countries, don't have any manufacturing, is because they invested all of their Capital into the energy infrastructure. O, Canada! is in danger of losing its manufacturing (and other jobs) sector.
To get around that, you can try to lure foreign investors. That would increase the pool of Capital, but there are dangers in that as well.
Originally Posted by Zoisite
..., social and political shape than America is and Canada imports more goods from America than America does from Canada.
That is in part due to the fact that O, Canada! doesn't have sufficient Capital to invest in manufacturing. However, some trade is good. O, Canada! doesn't really need its own independent auto industry for example. The arrangement now were autos are imported, and then there some auto plants in O, Canada! is beneficial to you (assuming you are an O, Canadian!).
Originally Posted by Zoisite
So yeah, if the SHTF in America and America is no longer able to import or export goods and services to and from Canada like usual it will create an economic burden on Canada and American refugees escaping into Canada would also create a burden for Canada. However, it shouldn't have too great a negative impact on Canada's trade with all the other countries that Canada trades with.
Well, if it's a Solar/Nuclear EMP event, you will go down just like the US. Instead of 30 Million O, Canadians!, after a year there'd barely be 1 Million.
In a mini-Ice Age, the growing season would be non-existent. If you recall, during the last mini-Ice Age, around 1685 or so, Colonists in the New England Colonies and in fact everywhere north of what is now Interstate 80 had a growing season of only 6 weeks.
The ground thawed just enough by the last week of June, so that you cold plant crops, but the first frost would come 6 weeks later around the 1st or 2nd Week of August and kill everything. And what you managed to harvest before then would be nothing.
Those living in the area that is now between Interstate 70 and Interstate 80, more or less Pennsylvania and New York, had about 8-10 weeks to prep, plant and harvest.
You had near famine conditions for about 11 years or so. Things were rough for other reasons as well. There were problems in Britain, and the 100 or so colonies in New England were all united briefly as one gigantic super-colony under the Dominion of New England, which then dissolved later. I don't know the exact extent of the perma-frost, but if I had to guess, I'd say it covered most of O, Canada! down to about the Great Lakes Region.
In a Nuclear Winter scenario caused by a Toba-like event, volcanic out-gassing or and asteroid strike, O, Canadians! might not have anything at all to eat, and who knows how long that would last.
So, O, Canada! is not the place you want to be for the Apocalypse.