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Originally Posted by Truenorth00
Genuinely curious how Europe falling flat on its face economically plays in Quebec. I remember a time when EU and US GDP were neck and neck.
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People tend to confuse GDP at market exchange rates, PPP GDP, and GDP at constant prices. It is GDP at market exchange rates that has diverged a lot between the US and Europe, due to the overvaluation of the dollar, but that doesn't reflect an improvement in standards of living (ask the Americans who now pay extortionate prices for groceries, restaurants, rents).
Besides, the Trump administration want to deflate the value of the dollar to improve their exports, so this bubble in the value of the US dollar is coming to an end. I wouldn't be surprised if we're back at 1.30 USD for 1 euro within 2-3 years, and then the GDP of Europe and the US will magically look much closer.
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Originally Posted by Truenorth00
But raw economic power is allowing the US to do things that the Europeans just can't do.
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Such as?
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Originally Posted by Truenorth00
An independent Quebec, presumably we aren't all forcibly absorbed into the US, would absolutely get crushed in any economic discussion with the Americans.
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In the fastest of scenarios, by the time Québec would effectively become independent, Trump would be on his way out of the White House or already out (unless he establishes a dictatorship and remains in power for life). Most of the Trump presidency Québec will be inside Canada. And after Trump it will probably be back to a Democrat president again wishing to erase all the horrors of Trump, as I don't expect Trump's policies to succeed, as in his first term.