Category: US economy

corruption economics financial crisis Politics US economy
October 30, 2008

Iceland: The Canary in the neo-con Coalmine

This retelling of the financial situation in Iceland is direct and honest and clearly illustrates how what happened in Iceland over the last 4-5 years can easily happen in most other developed countries. The main point:  we’ve abdicated our social and financial control to non-governmental and non-democratic organizations that could care less about the welfare of the states that they impose their ‘rules’ on. I’ve […]

corruption disaster capitalism economics US economy
October 28, 2008

JP Morgan Responsible for Financial Crisis?

Please note that any of these blog posts or opinions do not reflect investment advice and any action that you choose to take related to investing should be done so after discussing your ideas with a professional investment advisor. Original link This piece is pretty deep in its accusations concerning the financial crisis that we have had no choice but to become obsessed with.  I […]

corruption disaster capitalism economics Politics shock The Corporation US economy
October 28, 2008

Paulson’s Plan and the Sucker Who Bought It

Original story here . Folks, this bailout money isn’t about loosening credit for consumers or businesses, but consolidating wealth and power in fewer and fewer banking hands. That’s great business for the banking elites, but lousy business for the US taxpayer. And it’s all being orchestrated by one of their own, in the shape of Hank Paulson , ably assisted by Neel Kashkari , another […]

corruption economics Politics shock US economy
October 27, 2008

The Race … for a Share of the Porkbarrel Bailout

In the US, the race to the porkbarrel has begun .  Companies, lobby groups, consultants and other ‘experts’ are lining up at the trough to stuff themselves with US taxpayer cash. And you’d better damn well hurry because the Chinese are going to start calling loans and the cash will run out soon!! Ah, who am I kidding?  Unless you’re a good buddy to Bush […]

economics interflation US economy
October 27, 2008

Why the US dollar is rising … when it shouldn’t be

A lot of people have seen their purchasing power disappear overnight because their currency has eroded very drastically over the last few weeks.  In Canada, the loonie was trading at about par with the US dollar about 2 months ago and now it’s down around the $0.75-$0.78 range. A lot of people have been scratching their heads trying to figure out why. And along comes […]