North America (Canada and Mexico):
At some point around 1965, Canadians apparently forgot how to have kids, and their demography has been slowly hollowing-out ever since. Canada's natural birth rate fell below replacement levels long ago, and only sporting one of the highest sustained immigration rates in the world has enabled it to maintain positive population growth. On average, 250,000 people emigrate to Canada annually - nearly 1% of the total population... Unlike the USA, Canada's immigrants cannot walk to Canada... they have to save up for plane or boat passage... The average immigrant into Canada is 32 while the average Mexican immigrant into the USA is is 18... By 2025, Canada's demography will almost be identical to Japan: 30% of the population will be 60 and older, and less than 25% will be in the critical 20 to 39 band... Canada is in for the perfect storm..
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Canada's rapid aging means that its consumer base isn't in Canada, but rather in the USA... Canada has already become a satellite economy of the USA. As Canadians age, this relationship will become more lopsided, tighter, and more essential to Canadian well-being....
... The slow and steady march higher of the Canadian dollar vs other major currencies... is largely a result of ... its aging demography... the impact of this is almost wholly negative... energy income may have increased... but its per barrel profit in Canadian dollars has actually dropped by over 40% since 2003... natural gas.. is simply not price competitive in American markets anymore...
... Canadian-American trade relationship... about $640 billion... each other's largest trading partner... the largest in world history...
Mexico's regular bouts of debt crisis are both endemic and inevitable... Mexico's border zones are so highly populated that local authorities cannot police them... and so will always be smuggling zones that can never be secured... If not for the few lucky oil discoveries around 1900, Mexico would have likely faded into oblivion...
Mexican labor will always be both cheap and underutilized ... perennially attractive to anyone wanting to service American's nearly bottomless demand... the core of Mexico's economic success...
China... has simply run out of cheap labor... 1/4 more expensive (than Mexican labor)... and Mexico already has far superior transport access to the USA...
... Mexico's young adults have greater amounts of disposable income... being richer and not being in debt... (Mexico) can still rely upon domestically driven growth...
Mexico is poised to be the fastest growing economy in the world for the next generation... Mexico's proximity to the USA ... is about to make it America's greatest ever economic partner... 2013... $510 billion in goods exchanged across the border...
Side effects... ... challenge... Mexico's drug violence is deep and endemic... an illegal immigrant community of about 7 million Mexicans (in the USA in 2013) and another 1.5 million Central Americans, plus 10s of billions of dollars of illegal drugs smuggled into the USA... Mexico's portion of the drug supply... 5% of Mexico's GDP... (Walmart is only 2.5% of USA GDP)... cartels... are getting into retail distribution in major (USA) cities... illegal immigration... USA Hispanic ghettoes .. perfect for cartels to recruit from and ultimately control... as of 2013, the cartels are already active in over a thousand USA municipalities... the single greatest geopolitical threat to the American way of life...
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