Category: US economy

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 […]

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 […]

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 […]

Canada economics The Corporation US economy
February 14, 2009

Stop the Bleeding, Cut the Defense Budget

The Harper Administration has made a commitment to spend more than $500 billion (BILLION) over the next ten years on the Department of Defense. Because most of this expense will be on non-Canadian companies and companies in the US and elsewhere that are committed to one thing – eternal strife – we need to seriously re-evaluate this expenditure. And when we do, the rewards will […]

Canada economics financial crisis US economy
February 7, 2009

Why Can’t We Just Spend Our Way Out of Depression?

The Canadian government has made a commitment to spend an unprecedented amount on ‘stimulus’.  So has the US.  The British government has bought many banks (along with the US) and will likely buy several more over the coming months.  The EU has reduced lending rates in order to encourage people to borrow, spend and borrow some more. Through this process, the world’s economic ‘power houses’ […]