I am not an expert in finances and would like if you would explain a little further about the US using Canadian assets, thank you.
Quote:
Originally Posted by Northboy
I don't know if you'll see the Amero now.
Effectively this would mean a coup de tat for the Canadian financial system as effectively the US would be using Canadian assets to collateralize its debt. (a kind of cosigning). Public assets in Canada are held by the crown, so London would have to agree.
Unfortunately, for the US there may be little more foreign borrowing, the "free lunch" of the present era is coming to an end.
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