* Gas & diesel fuel cost 2.5 to 3 times more in Paris than North America
*Diesel prices in China & India, which import most of their oil, are 33% to 40 % cheaper than here in Canada & the USA.
*Since 2002, the US dollar has fallen nearly 40% against the Euro $, & nearly as much against the Canadian $.
*Canada is the USA's leading oil supplier, and tho the US was once the leading oil producer, it now imports 66% of it's oil.
*Since the 2003 invasion of Iraq, and in spite of 14,000+ mercenaries guarding Iraq's pipelines, it's oil production is actually lower than before the US invasion, adding to the growing shortage on the world market.
*The fianance industry is the biggest business in the US now, while manufacturing has shrunk to 12%.
*Public & private debt has grown from $10.5 trillion in 1987 to $43 trillion in 2005.
*The absurdly low interest rates of the US housing market the last few years account for 40% of America's gross domestic product.
*Two thirds of the world's hard currency reserves are now held in Asia. China & Japan alone hold 47% of US foreign debt.
Although I'm not an economist, I am a businessman, & know whatever happens south of the border has ripple effects up here in Canada. I hope both our government's can increase our manufacturing sector before it's too late. It's going to get WORSE berfore it gets better.
*Diesel prices in China & India, which import most of their oil, are 33% to 40 % cheaper than here in Canada & the USA.
*Since 2002, the US dollar has fallen nearly 40% against the Euro $, & nearly as much against the Canadian $.
*Canada is the USA's leading oil supplier, and tho the US was once the leading oil producer, it now imports 66% of it's oil.
*Since the 2003 invasion of Iraq, and in spite of 14,000+ mercenaries guarding Iraq's pipelines, it's oil production is actually lower than before the US invasion, adding to the growing shortage on the world market.
*The fianance industry is the biggest business in the US now, while manufacturing has shrunk to 12%.
*Public & private debt has grown from $10.5 trillion in 1987 to $43 trillion in 2005.
*The absurdly low interest rates of the US housing market the last few years account for 40% of America's gross domestic product.
*Two thirds of the world's hard currency reserves are now held in Asia. China & Japan alone hold 47% of US foreign debt.
Although I'm not an economist, I am a businessman, & know whatever happens south of the border has ripple effects up here in Canada. I hope both our government's can increase our manufacturing sector before it's too late. It's going to get WORSE berfore it gets better.
