RE: RE: National debt 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 ground to the US dollar when the markets crashed. This could happen again to some degree but people are becoming more fearful of the US dollar collapse so perhaps our dollar will hold up better this time round. Yes we are in much better shape than the US in terms of debt but don't forget the fact that we do 80% of our trade with the US. People have been preaching the collapse of the US dollar for several years now and it still hasn't happened. The US has dodged the bullet by keeping interest rates low and other tactics but those tactics will eventually fail and the US dollar will likely collapse. In the short term, for trading, we might actually get a market surge when they introduce QE3. I'm betting that they will do that so we may get another bull market before Armageddon takes over.