ESO Uranium Corp V.ESO

National debt

[kitkat1]

Sorry... that is 1.2 "trillion" dollars in debt... and we have a much smaller tax base here in Canada with a fraction of the population that the US has.  We could also experience a certain degree of currency devaluation.

[toriddog]

The financial position of Canada is no where as bad as the US. Resources we hold in abundance are in strong demand and I expect our dollar to continue to rise against the US dollar. We all continue to hear that the US balance sheet is worse than in Europe. If their currency ever ceases to be the world reserve currency, bad things are in store for them. I expect this will happen before long if they

[wdr2]

Everyday you show that you know nothing.The Canadian dollar would be much higher if the Govt. wasn't trying to keep it down.The manufactures hate it when the CD gets too strong.Just wait till this winter when oil and gas prices rise.You meant currency appreciation I'm sure .Right. wdr2

[kitkat1]

It's a tricky situation...  the US dollar will likely collapse but with the situation in Europe, money is pouring into US treasuries every time it looks like the EU is going to fall off a cliff.  With another EU scare, the US currency could go up in value again like it did a few weeks back, believe it or not... In 2008, as you will recall, the Canadian dollar lost a lot of

[wdr2]

We may be in better shape but the Canadian economy is insignificant in the global economy.What happens in the U.S. will directly effect the Canadian economy that is why we are looking for other markets .the U.S. debt is huge but who holds the debt.Trillions of foreign currency is in the U.S. so its"too big to fail". wdr2