Author: admin

corruption disaster capitalism economics financial crisis Fraud Politics The Corporation US economy
March 26, 2009

The Big Takeover

I’ve been saying/thinking this for a bit, and I feel a little relief to see someone more ‘mainstream’ voice concerns about the level and intent of bailouts, the intended recipients and the ultimate point of capitalism. Yes, we’re at that moment where it’s now time to wonder if we’re entering a game-changing period era (not month, year or couple of days like the Cons might […]

Canada corruption disaster capitalism Politics Steve Uncategorized
March 25, 2009

Stop the Bailouts, Stop the Cuts

I was going to title this piece "Failure of CanWest = Failure of Conservatives = Failure of Capitalism", but that was too long.  And … given that the Cons are still in control of this country, the focus should instead be on the level of ripe corruption that is really annoying me. Before I go on, follow this link, express your ‘regrets’ with this call […]

disaster capitalism financial crisis Politics US economy
March 25, 2009

China Calls for New Reserve Currency

Original story here . In time, everyone will be calling for a more international approach to pricing everyting, including commodities, goods and services and maybe even US securities. This doesn’t bode well, of course, for the world’s largest printing press and the state of borrowing in the US. Potential outcomes:  a big drop in the value of the US currency on the global stage, a […]

BASH bloggers against stephen harper Politics Steve Uncategorized
March 24, 2009

Canada: A Tale of Two Georges

anada is again being mentioned in international headlines as a superstitious backwater. Here . Here . And even the Globe had something to say about this. The RCMP response can be found here (PDF). The good news is that no one knew about George Galloway a few weeks ago and now he’s top of the list for most Canadians that care about why we would […]

economics financial crisis interflation US economy
March 24, 2009

UN Recommends World Should Ditch Dollar

It’s about time:  folks at the UN are recommending that the world ditch the US dollar in favour of a shared reserve currency. Original Reuters story here . For years (arguably, decades), the US has dominated the world economic scene because they’ve been very effective in having everything trade in US dollars, including commodities, treasuries and other securities. The commodity shock that the world felt […]