Dollar doomed as resource wars loom

Moneyweek quote Eric Kraus, a fund manager in Russia, as summing up the current Sino-American interdependence as a one way bet for China

The exit from this seemingly illogical trade [lending money to America to buy Chinese goods] will leave China sitting atop a pile of devalued assets, but also, possessed of a world-class industrial infrastructure and having gone a long way towards hollowing out and undermining the economy of its sole strategic competitor.

They go on to note that not only has China now built a world class infrastructure, and cornered the market for numerous important commodities (in particular Earth Metals), they also have the fate of their largest competitor in their own hands – they are the arbitrators of Dollar value, at a time when the USA is dependent on borrowing or printing money. And about those Earth Metals – they are crucial materials used in the manufacture of many cutting edge hi-tech products including modern lasers, hard drives, iPods, wind turbines, navigation systems, air defence systems, filtering bacteria from water, anti-nerve gas treatments and more. According to the Telegraph China mines over 95% of the world’s rare Earth Metals, and now they’re considering placing a total ban on exports.

A draft report by China’s Ministry of Industry and Information Technology has called for a total ban on foreign shipments of terbium, dysprosium, yttrium, thulium, and lutetium. Other metals such as neodymium, europium, cerium, and lanthanum will be restricted to a combined export quota of 35,000 tonnes a year, far below global needs.

At the same time the Chinese are investing heavily in Green energy technology and are stealing a march in markets across the globe

China is running away with the green technology prize. It has conquered a third of the world market for solar cells and is on a breakneck course to build 100 gigawatts of wind turbines by 2020, doubling again the global capacity for wind power across vast stretches of Inner Mongolia and Xinjiang.

A glimpse of the New World Order perhaps? East Asia rising, dollar hegemony smashed, Western productive capacity hollowed out, and economic (and physical) wars over limited resources as global demand surges.

  • kensei

    Mack

    The exit from this seemingly illogical trade [lending money to America to buy Chinese goods] will leave China sitting atop a pile of devalued assets, but also, possessed of a world-class industrial infrastructure and having gone a long way towards hollowing out and undermining the economy of its sole strategic competitor.

    Not just devalued, but seriously devalued. Any move against the dollar would be seriously destructive, not simply to China, but to the Rest of the World. To whom China relies for exports. Any moves would be grossly self destructive.

    In any case, for a proper recovery, China and other export heavy countries are going to have to loosen up a bit. The imbalances themselves are bad, even if you are on the “right” end of it.

    China will be a big player, but I wouldn’t write off the US in any case.

  • Mack

    No, wouldn’t write them off.

    I think China will grow faster & will become more powerful relative to the US – not necessarily over take it – certainly not on a per-capita wealth basis anytime soon. I suspect the long term trend for the Dollar is down, whether it is managed downwards or collapses

  • Sean

    its good to be Canadian

  • Mack

    Yeah – Canada and Australia look set to be big beneficiaries from this..

  • Greenflag

    mack ,

    Shure I’ve been saying that for ages:) although I’ll admit that Kraus conveys the message more diplomatically .

    ‘ It has conquered a third of the world market for solar cells and is on a breakneck course to build 100 gigawatts of wind turbines by 2020, doubling again the global capacity for wind power across vast stretches of Inner Mongolia and Xinjiang.’

    They’ll have competition at least from the Germans who have discovered that using the Sahara for 6 hours a day (solar power) will generate all the electrical power that the world curreently uses in a day .

    Kraus’s analysis is not far off but I agree with Kensei that the USA won’t go meekly to second or third place in line . By 2025 the West and the rest will be looking at the rebirth of the Middle Kingdom to it’s former dare I say it glory ?

    Sean

    ‘its good to be Canadian’

    Thats right . When the USA catches cold Canadians get pneumonia 🙂

    But hang on a minute . What happens if the USA catches pneumonia ? Do Canadians exit off stage or what ?

    Reminds me of a minority view among some here in WW2 when they looked forward to the Germans giving the Brits a hiding but not actually defeating them . The rationale was that the british would learn from the ‘hiding ‘ . What they were supposed to learn I’ve no idea but it would appear they did’nt . Neither did anyone else mind you 😉

  • Greenflag

    mack ,

    ‘Western productive capacity hollowed out,

    Courtesy of the western outsourcing of this capacity over the past few decades in fact ever since Richard Nixon opened up China back in the early seventies . Thanks Dick .

    ‘ and economic (and physical) wars over limited resources as global demand surges.’

    To oil and rare earths & minerals you can add water . At least we in Ireland have plenty of water and grass and while potato drilling is low tech it’s also good exercise 🙂 Of course it’s not just China but also India , Brazil and Russia and later no doubt Indonesia etc .

    Meanwhile in order to stave off eventual East Asian hegemony back at Washington and Tel Aviv central the major concern is how to afford another Middle Eastern War this time with Iran over a potential nuclear threat and how can it be contrived without either the USA or Israel being considered war mongers ?

    Another nail in the western box and speeding up of relative decline most likely:(

  • eranu

    “China mines over 95% of the world’s rare Earth Metals, and now they’re considering placing a total ban on exports.”

    i feel a regime change coming on…

  • The Raven

    ’It has conquered a third of the world market for solar cells and is on a breakneck course to build 100 gigawatts of wind turbines by 2020, doubling again the global capacity for wind power across vast stretches of Inner Mongolia and Xinjiang.’

    And the quality of their product is increasingly coming into question…

    “I feel a regime change coming on…”

    Perhaps now is the opportunity to take a long hard look at how we do things, where we do them, and what we pay for them. I really wonder if anyone has learned anything from this recession at all. I’m finding “Tescopoly” a very interesting read at the moment…

  • A N Other

    http://www.kunstler.com/blog

    He’s been saying all the above for “yonks”…

  • Sean

    Green Flag

    Sean

    ‘its good to be Canadian’

    Thats right . When the USA catches cold Canadians get pneumonia 🙂

    But hang on a minute . What happens if the USA catches pneumonia ? Do Canadians exit off stage or what ?

    Sorry mate but that is the old dynamic Canada has survived the down turn very well USA pneumonia or not

    We have the resources the whole world wants

    Must suck to be a small island in the mid-atlantic

  • Greenflag

    Sean ,

    ‘Must suck to be a small island in the mid-atlantic ‘

    I would’nt know . I’ve never been to Bermuda but I hear the weather there is better than Canada’s. I have been to Alberta in mid March and I can assure you it’s better to keep your tongue in your gob there for if ye don’t it’ll turn into a popsicle in 4 seconds or less especially at -40 degrees .

    I’m delighted however to hear Canada has not shared in the financial crisis . I guess it’s probably due to strong regulatory control of banking and financial services and a less casino gambling like approach to the household mortgage market ?

    Canada is an example to us all . Never understood why the Americans don’t adopt your health care system either eh 😉

  • Dread Cthulhu

    Greenflag: “Meanwhile in order to stave off eventual East Asian hegemony back at Washington and Tel Aviv central the major concern is how to afford another Middle Eastern War this time with Iran over a potential nuclear threat and how can it be contrived without either the USA or Israel being considered war mongers ?”

    Meanwhile, the EU sits on their hands and wiggles their thumbs, pretending that all is well with the world and, if they can only find the right formulation of politically correct speech and multi-cultural formulation of gestures, they will be permitted to continue to believe that all is well with the world.

    Greenflag: “Canada is an example to us all . Never understood why the Americans don’t adopt your health care system either eh ;)”

    They don’t need a Supreme Court to tell us that access to a waiting list isn’t access to health-care?

  • Sean

    Greenflag

    When you are a native like me(not a first nation or aboriginal just born here)- 40 is nothing we used to play road hcokey in -40 hell after a long winter the high school kids can be seen wearing shorts when it is still -2

    Infact one time when I was 21 my Dad dropped me off a mile away from my bulldozer as that was as close as we could drive because of the snow. It was about -25 with a 20 mile an hour wind and I walked a mile accross a farmers field to my dozer where I had to start it and plow the road out. The old girl didn’t much like starting and it took lots of loving before that old Diesel started popping away. It was a half hour before it would move and an hour before it threw any real heat. It was dark before I made it back to my pick up point.

    If you want to be a Canadian you have to walk the walk

  • Greenflag

    Dread Cthulu,

    I’ve no idea what point you are trying to make but if it’s defending the current American mess that gobbles up almost 20% of USA GDP and delivers Americans the lowest life expectancy of developed nations then all I can say is the reason ostriches don’t fly is because they keep their heads in the sand .

    The nonsense being spewed out by the neo con nutters of the American right re Canadian and European health care systems is about as credible as the former Iraqi Minister Comical Ali’s pronouncements prior to the fall of Baghdad..

    At least Comical Ali was funny ha ha . But the lies coming out of the mouths of gobshites like Limbaugh and others is pathethic 🙁

    America is the only country in the developed world where people can be bankrupted for medical reasons . Yiz should be ashamed of yourselves 🙁

  • Sean

    Dread

    They don’t need a Supreme Court to tell us that access to a waiting list isn’t access to health-care?

    What waiting list?

    My sister walked in and was seen by her doctor

    Was in the hospital for a week for testing and diagnosis

    Was diagnosed with cancer and started Chemotherapy

    all happened in less than 2 weeks and it cost her absolutely nothing!

    No copays – no deductables no $10,000.00 a night hospital beds

    Beat that with the “world’s greatest health care system”

  • Greenflag

    dread Cthulhu,

    ‘Meanwhile, the EU sits on their hands and wiggles their thumbs, pretending that all is well with the world ‘

    I would think finishing one war and finishing a second war might be a good idea before starting a third :(. Particularly if wars one and two have virtually bankrupted the country and were started with no clear strategy other than to arrest and capture Osama Bin Laden . 9 years later Afghanistan is in chaos and Iraq is nowhere near stability and may yet unravel into more chaos.

    While the world sympathised quite rightly with the USA on 9/11 and supported initial efforts to track down Osama and Al Quaeda – in retrospect it’s hard to see what benefit to the USA ? Bush’s instant retalitiation brought nothing to the world except even more instability , chaos and probably by now almost 500,000 deaths including almost 5,000 Americans .

  • Dread Cthulhu

    Greenflag: “I’ve no idea what point you are trying to make but if it’s defending the current American mess that gobbles up almost 20% of USA GDP and delivers Americans the lowest life expectancy of developed nations then all I can say is the reason ostriches don’t fly is because they keep their heads in the sand .”

    Most of the nations the US is compared to are relatively small, relatively homogeneous and don’t have the same genetic diversity as the US. Throw in lifestyle choices, etc., and there is a case to be made that the baseline comparisons aren’t apples to apples.

    Additionally, I’d point out that Obamacare isn’t going to make things better, it will simply redistribute the misery — adding thousands of insured patients without adding a single new GP is going to create problems. The overwhelming majority of US citizens are happy with their insurance. Likewise, those states that have mandated insurance aren’t coming out that well… Massachusetts, for example, is finding their “pie in the sky” scenarios coming up short.

    If the problem is 35 million uninsured American citizens, address that problem. Dragooning the 300 million Americans onto a gov’t program they don’t want isn’t a solution.

    As for the Supreme Court decision…

    “One Supreme Court decision may have done more to change health care in Canada than three major reports and a first ministers conference that ended with a $41-billion infusion into the system.

    On June 9, 2005, the high court struck down a Quebec law that prohibited people from buying private health insurance to cover procedures already offered by the public system.

    “Access to a waiting list is not access to health care,” two of the justices wrote in their decision. ”

    http://www.cbc.ca/news/background/healthcare/

  • Greenflag

    Sean

    ‘If you want to be a Canadian you have to walk the walk ‘

    I had a Canadian neighbour in Ireland a while back who has since returned to the Yukon for business reasons (mining). But on a cold winter’s day in Ireland maybe 15 years ago I remember him saying it was bloody cold and that the Irish never bothered to take account of the wind chill factor like in Canada . Mind you he was from Newfoundland which is probably a lot less extreme than Northern Alberta with the gulf stream etc . I recall taking off my ear muffler for a split second before immediatley putting it back on for fear my ears would fall off 😉 Whitecourt , Alberta about 150 miles NW of Edmonton iirc .

  • Dread Cthulhu

    Greenflag: “While the world sympathised quite rightly with the USA on 9/11 and supported initial efforts to track down Osama and Al Quaeda – in retrospect it’s hard to see what benefit to the USA ? Bush’s instant retalitiation brought nothing to the world except even more instability , chaos and probably by now almost 500,000 deaths including almost 5,000 Americans . ”

    Aw, bollocks. Europe had the manners not to dance like some in the Muslim world when the towers went down, but there was no shortage of anti-American rhetoric out there in Europe, before, during and after. As for the rest, Heaven forfend that the US actually strike back.

    Europe sympathizes with victims, which is good, because their policies create so many of them. Look at the efficacy of Europe is solving Yugoslavia… Told the world, “hands off, WE will solve this!” and even when there were boots on the ground in “safe havens,” they stood aside and permitted atrocities.

    Europe whines when the US tries to do something and Europe whines when the US doesn’t do anything. Europe yells “Yankee go home” and whines when Yankee starts to lay out his travel arrangements and pack his bags, complaining that moving forces will damage local economies.

  • Sean

    Greenflag

    Yeah I know I live in manitoba the flatter colder part of Canada, I have seen -49 with out any wind chill factor. And i sound like my grand father but we used to walk a mile to school in -40 to save on bus fare so we could spend it on sweets.

    And I remember standing outside the George Best airport mid January enjoying the balmy air while the locals huddled and shivered and look at me like I was daft. I took off my medium jacket and regretted bringing it along and never wore it in Ireland again as it was just too warm. If it was not for the rain I wouldn’t see a reason to have a coat. I was even there while it snowed and watched the panick ensue, an Irish Blizzard is a bit of a joke.

    By the way ear muffler? were people laughing and pointing?

  • Greenflag

    ‘Most of the nations the US is compared to are relatively small, relatively homogeneous and don’t have the same genetic diversity as the US.’

    The UK , Germany , France , Italy , Spain , Australia , Canada , are all genetically diverse countries .So too are China and India. Why would that matter anyway for most health health care issues ?. Most genetic diversity is between individuals of the same nation (ethnic group ) some 85 to 90% , with another 5 % added in for regional diversity e.g Europe or Africa and worldwide another 5% . So thats a nonsense argument from the start .

    ‘I’d point out that Obamacare isn’t going to make things better’

    At least the man is trying . The previous gobshite sat on his arse for 8 years and it seeems that he could think about nothing else but Osama Bin Laden and war:(

    Of course the medical private insurance and drug corporation complex prefer the present system which leaves millions without proper care and bankrupts another million annually. Why would’nt they ? Next to the former financial services sector they are mopping up most of the corporate profits that can be gleaned out of the USA these days .

    If you ever visit the poorer rural areas of the USA and indeed some cities you will come across examples of sick , toothless deranged homeless ‘humanity’ many of them ex army veterans that you will rarely see in other western countries . I know . I’ve seen it. Truly shameful!

  • The Raven

    “The overwhelming majority of US citizens are happy with their insurance.”

    What about the overwhelming majority that can’t afford it…?

  • Dread Cthulhu

    Raven: “What about the overwhelming majority that can’t afford it…? ”

    I guess its true — you can fool some of the people all the time.

    The number cited by the folks pushing this program of change is 33,000,000 un-insured… hardly an “overwhelming majority.” Add in the 12,000,000 illegals and you have 45,000,000. Even if you add in the under-insured (25,000,000), you’ve only accounted for 60,000,000, less than a fifth of the US population — no overwhelming majority.

    As an aside, these are the numbers per PBS, lest you think I went looking for favorable source…

    http://www.pbs.org/newshour/indepth_coverage/health/uninsured/

    Besides, it can’t be that good an insurance program — Congress already insulated themselves and their employees from participation in said insurance program. It is about the only thing all the Democrat sponsored bills agree on.

  • Dread Cthulhu

    Greenflag: “The UK , Germany , France , Italy , Spain , Australia , Canada , are all genetically diverse countries .So too are China and India. ”

    Not nearly to the same degree and not with the same sizable minority populations. The United States is the only country in the world where you can find someone from any other country in the world, I’d wager.

    Greenflag: “At least the man is trying . The previous gobshite sat on his arse for 8 years and it seeems that he could think about nothing else but Osama Bin Laden and war”

    *rolls eyes*

    Typical leftist non-thought — results don’t matter, only good intentions.

    The man sought to rush through an un-examined, un-debated program long on “too be determined later” and short on details. His money estimates are garbage, although today’s iteration is closer to the truth than previous guesstimates.

    He wants folks to buy a pig in a poke, Greenflag. He had a goal, but no plan, thinking his personal popularity would win the day. The 250+ million people with insurance, however, don’t want a pig in a poke — they like the insurance they have, can understand that taxes and savings he says he’s gonna get the money for this program aren’t nearly enough for what the job and don’t want to lose or diminish their insurance for a earful of pretty rhetoric and a lot of government bureaucracy.

    Frankly, this “attempt” will make the medical profession like the DMV and the IRS.

  • Greenflag

    ‘Not nearly to the same degree and not with the same sizable minority populations’

    China has a sizable ‘minority’ population . 123 million as per 2005 figures .

    ‘Typical leftist non-thought’

    Who’s a leftist ? GF’s politics are non ideological neither of the left nor right nor even of the centre .

    ‘results don’t matter’

    Eh ? They do . That’s exactly why the USA system needs major reform . The USA has the lowest life expectancy of the world’s major developed countries , the highest rate of infant mortality , the worst rate of recovery from major operations and illnesses . Where it leads the world is in the highest paid Private Health Insurance executives , the highest paid medical and legal professions and the most profitable Pharmaceutical /Drug companies on the planet and the largest % of GDP (almost 20%) spent on health care . One would think that with all that expenditure that results would be better ?

    ‘He wants folks to buy a pig in a poke’

    He’s pointing out to those ostriches who have their heads in the sand that they had better do something about the ‘pig’ on the loose which is the entire private health insurance medical and drug company complex which is gouging out whatever is left of the USA economy . And it’s doing this at the expense of the American people by trying to scare the elderly on medicare that they will have to line up behind the non insured working ‘stiffs’ to get treatment ?

    With 3 million behind bars and two never ending wars with possibly another in the wings and an economy that’s been drained of jobs to outsourcing on the one hand and relying on foreign medical professionals to do the work that Americans can’t afford to be educated for on the other ? whither the USA ?

    Obama certainly has a job to do . The forces that are opposed to Health Care Reform are the same forces that opposed Medicare in the 1960’s , Social Security in the 1930’s and every progressive legislation ever brought forward in the US Congress. They are the same forces that ‘managed’ the Irish and Indian famines in the 19th century , the same that tolerated child labour in the mills and mines of the British Industrial Revolution.

    They are the same forces that would see millions of humanity die in war and famine rather than admit that their ‘ideology’ could possibly be wrong ? They are in a pragmatic sense no different from the totalitarian ideologues of Communism or National Socialism of the 1930’s and later!

  • Greenflag

    Raven ,

    ‘What about the overwhelming majority that can’t afford it…? ‘

    Good point . Without the employer’s contribution which can range from 100% for the highest paid to 90% to 50% to ? probably 90% of Americans could not afford to pay the full premiums demanded by the Private Health Insurance companies . The direct relationship between employment and health insurance is a double edged sword for both american employers and employees . For employees it means they have to forego pay rises because their employer has the perfect excuse that he has to pay ever increasing health insurance premiums . Employees are thus reluctant in most cases to change jobs for fear of ending up with ‘worse’ or no insurance .

    Overall the American Health care system is a dead weight on the American economy from a pragmatic business orientated viewpoint . But it’s become more than a deadweight over the past decade or more . It’s become an anchor for a ship that’s been holed in the hull and is baling water 🙁

    And remember the world is still depending on this ship to refloat the global economy . One is almost tempted to wish for a speeding up of the much talked about Chinese takeover of the world economy ;)?

  • Greenflag

    sean,

    ‘By the way ear muffler? were people laughing and pointing? ‘

    Neither . It was one of those fur bedecked hats with ear ‘covers’ attached . I had a scarf wrapped around the hat covering my gob . Closest I’ve ever come to looking at the world from the covered up ‘burka ‘ perspective . I recall pulling back one ear cover cover to scratch an itchy ear ?

  • Mack

    Greenflag –

    the worst rate of recovery from major operations and illnesses

    Do you have a link? I’ve seen stats produced that say the exact opposite (via Greg Mankiw’s blog among others).

  • Sean

    Dread

    Not nearly to the same degree and not with the same sizable minority populations. The United States is the only country in the world where you can find someone from any other country in the world, I’d wager.

    Total bollocks I bet there are very few nations that you can not find a citizen from every other nation on the planet!

    And besides remeber Canada america’s Brain

  • Sean

    Greenflag

    2.sean,

    ‘By the way ear muffler? were people laughing and pointing? ‘

    Neither . It was one of those fur bedecked hats with ear ‘covers’ attached . I had a scarf wrapped around the hat covering my gob . Closest I’ve ever come to looking at the world from the covered up ‘burka ’ perspective . I recall pulling back one ear cover cover to scratch an itchy ear ?

    Posted by Greenflag on Aug 27, 2009 @ 02:05 PM

    Oh Green we were pointing and laughing then, we were just too polite to let you know

  • Dread Cthulhu

    sean: “Total bollocks I bet there are very few nations that you can not find a citizen from every other nation on the planet!

    And besides remeber Canada america’s Brain ”

    Feh — that’s risible on its face. The US has 270 Nobel prizes, Canada has 10. If you’re that much smarter, it doesn’t show.

    Canada is America’s economic co-joined twin, with 81% of Canada’s exports go to the United States, and 67% of Canada’s imports are from the United States. Canada is a junior partner in NORAD, although I have to give points for punching above your weight class, although that may not last unless y’all get serious about defense. Canada is America’s cousin to the north, similar, but different.

    The difference, Sean, is, outside of occasional outbreaks ever four years for Olympic Hockey, you don’t find American’s running about hollering “Canada sucks” or booing the Canadian national anthem, as has happened in Canada vis-a-vis the US national anthem.

  • Sean

    Dread

    Feh—that’s risible on its face. The US has 270 Nobel prizes, Canada has 10. If you’re that much smarter, it doesn’t show

    How many of those winners were born there or even naturalized citizens at the time of their discoveries?

    The difference, Sean, is, outside of occasional outbreaks ever four years for Olympic Hockey, you don’t find American’s running about hollering “Canada sucks” or booing the Canadian national anthem, as has happened in Canada vis-a-vis the US national anthem

    First remeber sovietcanuckistan? LOL you wish you were in as good as shape as us

    second the booing of each others national anthems began in the states, unfortunately their are too many people in canada with the same lack of class as there

  • Greenflag

    Mack ,

    ‘Do you have a link? I’ve seen stats produced that say the exact opposite (via Greg Mankiw’s blog among others). ‘

    I was listening to a program on NPR.org where the point was made . NPR is usually a releiable source for such information . If they make a factual error they actually apologise . The USA’s BBC you could say. If I can find time time this evening I’ll try to dig it up. As you know statistics can be ‘arranged’ to say anything you want them to say . No idea who Greg Mankiw is but I ‘d be inclined to believe NPR on this issue . I promise to have a look see at Mankiw before writing him off as being in the pay of either the Private Health Insurance lobby or the Drug Companies etc 😉

  • Mack
  • Dread Cthulhu

    Sean: “second the booing of each others national anthems began in the states, unfortunately their are too many people in canada with the same lack of class as there ”

    Actually, sean, you’re incorrect – in fact, let us look at the city of Boston’s response to the Canadian national anthem, following Canada’s lack of class…

    As for economic matters, that is a temporary condition and things will right themselves presently.

  • Greenflag

    So Mankiw is an economist at Harvard . Brilliant. I don’t know why but my level of trust in many of these voodoo merchants of academia has taken a bit of a knock these past few years not that I was ever a true believer . I’m sure any voodoo merchant worth his salt can twist or turn the stats on any one aspect of the health care issue to the right ‘agenda’ if necessary.

    One of the points made by Mankiw which he uses to make the USA comparisons look better than otherwise is his use of the term ‘those who have access to healthcare ‘ And that’s precisely the point . Millions don’t have access or are denied treatment or receive sub standard treatment .
    The USA with about 4% of the world’s population has 25% of the world’s prisoners giving the world’s largest revolving door prison population .Prisoner’s HIV rate is between 5 and 7 times higher than that of the general US population . The USA has the largest number of heroin, cocaine and methamphetamine users of any country in the world and NYC alone has more HIV infected drug users than many of the countries of South East Asia , Central Asia and Africa put together .

    Like Russia the USA prison and health system is like an epidemic pump which pushes HIV, hepatitis , tubecolosis and other infectious diseases out into the wider population .

    Many Africans don’t get treatment for HIV or other STD’s because of poverty . Neither do many of the inner city poor in Atlanta, Baltimore or any other large US metropolitian area . At the same time the US has withdrawn support for treatment , drugs , care , housing and food from infected Americans thus increasing their infectiousness and throwing them onto the streets to join the foreclosed homeless etc.

    I’m no expert on USA Healthcare but I read that one of Ted Kennedy’s great regrets was that when Richard Nixon wanted to bring in a system of National Health Insurance for all Americans back in the early 1970’s – Kennedy demurred in favour of a single payer system .

  • Sean

    Sorry dread the booing of the Canadian National Anthem began years before that bwhen we refused to follow you into that folly called Iraq

    The denigration of Canadian National symbols by americans predates that by years when the marine colour party at the world series intentionaly flew the Maple Leaf Flag upside down. Too bad we took that little trinket back to Canada with us