Sure, if everybody started dumping US assets in a coordinated fashion that would hurt the US, we both know is not going to happen though. So, in reality Canada is simply making itself more dependent on the US. There’s no need to do mental gymnastics to pretend that this is some 4D chess.
No, I’m saying Canada should not have continued increasing investments, which is what we did, and we should have been dumping them instead. And the sooner we start doing that the less pain we will be in long term. Let me know if any of that is still unclear to you.
Hmmm looks like Canada has increased that investment for the last 4-5 years. Without this year’s report, it’s hard to see if we still kept that 4-5 year old strategy going or not.
Keep in mind that, until the Orange Pedophile’s second term (so early last year), Canada was only paying lip service to moving away from the USA
And yes, you are talking on both sides of your mouth… here you tell me this:
and we should have been dumping them instead
While responding to another person about the exact same “dump” strategy:
You seem to be utterly unable to actually engage with what’s being said. Go read my reply to that comment. I’m not challenging that the bonds can be redeemed. Why don’t you actually address what I said instead of accusing me of talking of both ends here?
It’s also worth thinking about what you hear as well. People say all kinds of things, and a lot of time it’s just nonsense. As I pointed out, if holding US debt gave any actual leverage, then China would be doing that instead of selling it off now.
Sure, if everybody started dumping US assets in a coordinated fashion that would hurt the US, we both know is not going to happen though. So, in reality Canada is simply making itself more dependent on the US. There’s no need to do mental gymnastics to pretend that this is some 4D chess.
And doing so in a relatively carefully manner so as not to hurt ourselves unnecessarily.
Making ourselves more dependent on a hostile power is precisely what’s hurting us unnecessarily. Incredible that people can’t seem to understand this.
So what’s your point here?
IIT you are both arguing it’s bad Canada held onto these investments while saying Canada cannot actually dump them without hurting itself
No, I’m saying Canada should not have continued increasing investments, which is what we did, and we should have been dumping them instead. And the sooner we start doing that the less pain we will be in long term. Let me know if any of that is still unclear to you.
Hmmm looks like Canada has increased that investment for the last 4-5 years. Without this year’s report, it’s hard to see if we still kept that 4-5 year old strategy going or not.
Keep in mind that, until the Orange Pedophile’s second term (so early last year), Canada was only paying lip service to moving away from the USA
And yes, you are talking on both sides of your mouth… here you tell me this:
While responding to another person about the exact same “dump” strategy:
that’s literally explained in the reply to the comment you screenshotted
yes, and you seemed to be arguing AGAINST that poster… hence my question
Also, letting bonds expire is not selling them so again, you are talking both ends here
You seem to be utterly unable to actually engage with what’s being said. Go read my reply to that comment. I’m not challenging that the bonds can be redeemed. Why don’t you actually address what I said instead of accusing me of talking of both ends here?
I don’t pretend to know anything about international finance. I’m repeating what I’ve heard.
It’s also worth thinking about what you hear as well. People say all kinds of things, and a lot of time it’s just nonsense. As I pointed out, if holding US debt gave any actual leverage, then China would be doing that instead of selling it off now.