RE: Now here''''s an interesting...Remember, when the 1930's depression came, Canada got hammered worse than the US even though the depression started with the collapse of the US equities market. Why? Because the US raised massive trade tariffs in order to restore their own industries. Unfortunately, this hit Canada the worst since the US was Canada's biggest trading partner.
The problem today has been the massive shift of US manufacturing overseas, primarily to China - to the tune of about $850 billion last year. That's unsustainable. The US will be forced at some point to raise tariffs in order to restore manufacturing at home. That will put overseas countries in a manufacturing over-supply situation for years unless they can find other markets.
Regardless, commodities will go up in price (based in US dollars) due to inflation. Even today, many commodities are still near historical lows but have gone up as much as they have primarily due to inflation. I am anticipating world GDP - as calculated in US dollars - to go up substantially within the next few years, and commodities will move in step with that increase.