Or if it builds capital and payments channels that allow us to use their financial system, in addition to Europe’s, as a hedge when the Americans tank theirs again, bigger and better than 2008. It’s not like there isn’t a likely debt bomb with its fuse already lit… This time around we’re also more exposed than the last on account of TD scooping up failed American banks after 2008.
I’d rather any pennies or deeds being transferred to China were highly illegal an the perpetrators punished than have it be legally done in broad daylight.
Financial transparency would help enforce whatever laws Canadians want to implement. If Canadians decide that we want to make it illegal, as you have described, then it would be easier to enforce that with the extra regulatory oversight
Even if that were the case, this particular move sounds like a good thing if it closes loopholes / underhanded payment options?
Or if it builds capital and payments channels that allow us to use their financial system, in addition to Europe’s, as a hedge when the Americans tank theirs again, bigger and better than 2008. It’s not like there isn’t a likely debt bomb with its fuse already lit… This time around we’re also more exposed than the last on account of TD scooping up failed American banks after 2008.
I’d rather any pennies or deeds being transferred to China were highly illegal an the perpetrators punished than have it be legally done in broad daylight.
Financial transparency would help enforce whatever laws Canadians want to implement. If Canadians decide that we want to make it illegal, as you have described, then it would be easier to enforce that with the extra regulatory oversight
Opening markets to China will be like streaming poison into them, stripping power from Canadians with every heartbeat.