Michael Harris of the Ottawa Sun paints a bleak picture.
If the retreat from the U.S. dollar became "disorderly", the American economy could be turned into a wasteland of high interest rates and tight investment capital and even more massive trade deficits. In those circumstances, Vice-President Dick Cheney's blithe pronouncement that "deficits don't matter" might not sound quite so plucky.
I don't know how much is accurate, but I've been hearing similar rumblings from other sources around the internet. I fear if America goes into major economic meltdown, Canada cannot be far behind.
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