Posted on 07/16/2012 10:47:06 PM PDT by tsowellfan
Americans may enjoy teasing and taunting their neighbours to the north but now the jokes on them.
For the first time in recent history, the average Canadian is richer than the average American.
The net worth of the average Canadian household in 2011 was $363,202 compared to the average American household’s $319,970 worth, according to data published in Canada's Globe and Mail last month...
(Excerpt) Read more at dailymail.co.uk ...
Hopefully people know I am kidding. :)
What goes up, because of good governance can easily come down. It wouldn’t take much for a liberal government to get back in power and undo all the good Harper has done.
“Oh, so socialism gets the credit according to this Marche guy.”
If you are implementing a bad idea less forcefully than a competitor, you’re going to lead.
They also have a more homogenous (white) population than the US - so they are on average more productive.
They are not as litigious.
Their banks are not as dishonest as ours
They don’t have the EPA
They have a stable (even if high) predictable tax structure
Among other things.
Gotta give them credit - they went from fiscal deficit basket case in the mid 90’s to paying off debt.
We should aspire to be like them in achieving a fiscal awareness amongst the population that is aware that “deficits matter”. Instead we bitch and moan about our federal benefits that we “paid for”.
“Much of that net worth is in overvalued residential real estate.”
There is a great likelihood that US real estate is still significantly overvalued, so I’d call that a wash.
Canadians know that when there is a fiscal deficit that they can expect cuts in government. In the US we complain that someone ELSE has more than us and expect them to pay. We ARE more socialist than them.
The biggest threat to Canadians prosperity is the US government, so we’ve got that in common.
Surely you jest, but if the SHTF, I’m expecting some refugees. We had three waves of refugees in the past, but they were all political refugees.
You can walk around waving your flag though . We will call you names . But they will be in French so you won't have a clue what we're saying.
Not long ago I made inquiries regarding the possibility of being granted "permanent residency" status in Australia.Not as a refugee (political or economic) but simply because I love the country and people.I had no intention of renouncing my US citizenship at all.It had nothing to do with dissatisfaction with my homeland.
Anyway,I was told that under the "points system" they use to determine eligibility I didn't even come *close* to qualifying basically for two reasons 1)I got zero points for "age"...they want kids in their 20's and 30's...and 2)I didn't have a skill that was in short supply there.If I had been a nurse or physician I *might* have had a chance.Was I disappointed? Yup.Was I angry...did I feel cheated? Nope.Australia was being selective,wanting those who would "contribute" to the nation for a long time and who wouldn't take a job that could be filled by "real" Australians.
It would be fully reasonable for Canada to take the same basic attitude toward potential immigrants from the US (and elsewhere).Too bad *we* didn't take that attitude.
actually it is not amazing.
We have more people to raise up to that level than they do. And they have very fussy immigration laws and a mandate to exploit their energy holdings.
I grew up across the street from a French family and one of the kids was my best friend.I also live below an older woman originally from France.I know *all* the words you're thinking about.Why,earlier this year I stopped for directions in Quebec saying to a woman "Je cherce le Autoroute dix".Of course I didn't understand the answer....
Remember the old USA that had those... instead we've become the Netherlands.
We still have a real estate bubble here (Vancouver and Toronto are outrageously expensive), but we’re not nearly as vulnerable as the US because we didn’t have an equivalent monstrosity to the “Community Reinvestment Act” and we only have 5 major banks. Our banks can actually determine if you are credit worthy and have a job before they give you a mortgage. We had a real estate bubble in the late 80’s which burst in 1990. There was a significant drop in prices in Toronto which made things uncomfortable for a few years as many people were in the bucket (mortgage higher than the appraised value), but most people had jobs and were able to ride things out until prices started to rebound around 1996-97. There will definitely be some pain if we get a significant price adjustment, but it is very unlikely that any of our banks will be in jeopardy.
Or...much simpler...much more effective:"Are you better off today than you were 4 years ago".
Remember the old USA that had those... instead we’ve become the Netherlands.
____________________
Yep and the Netherlands is about to have its head chopped off.
Amazing that although we cannot exploit our own reserves, we can happily purchase Canadian electriciity.
World’s 50 Safest Banks 2012:
http://www.gfmag.com/tools/best-banks/11661-worlds-50-safest-banks-april-2012.html#axzz20t3tARqM
10. Royal Bank of Canada
11. Toronto Dominion Bank
14. Bank of Nova Scotia
18. Caisse centrale Desjardins (primarily in Quebec)
23. Bank of Montreal
24. Canadian Imperial Bank of Commerce
40. National Bank of Canada
American banks in the World top 50:
25. BNY Mellon
31. CoBank ACB
36. JPMorgan Chase
38. U.S. Bancorp
41. Northern Trust Corporation
Save some Tim Bits for me.
Who cares? Does them having more make us less comfortable?
Best wishes to the Canadians and all that.
Oh, and let us know when you get your subs working again.
When I spoke to my TD BANK rep he said that American holdings are different than Canadian holdings and although the banks have the same name they do not intermingle. So the question is American TD or Canadian TD?
Forget the “illegals,” I think I’m going to get my passport at the ready. One never knows when one will have to leave the country.
"I want to take those profits....." Hillary Clinton |
A friend of mine condemns Canada as being a "resource whore". I don't care, wealth is wealth whether you mine it, drill down for it, or manufacture it. He is an industrial engineer so I guess he is prejudiced toward manufacturing.
As an aside, the US has greater energy resources than Canada, they are simply unwilling to exploit them.
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