Tag: financial crisis

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 […]

corruption economics US economy
October 27, 2008

A full list of What to do with the financial crisis

This list almost seems palatable, given the rocky ride being presented to the world’s public. Here’s a quick recap: Close all Banks and Financial institutions now. Stop paying taxes. Count what’s actually left in the public coffers. Put all of it in a central fund for now. Sack all Governments Now. Disband the Stock Exchange. Prohibit speculation on commodities that people need to survive. Form […]

corruption economics shock The Corporation US economy
October 26, 2008

For Whom the Bailout Tolls

This story offers a nice commentary on some of the excesses associated with the bailouts. AIG, in particular, stands out.  Words like greed and gluttony come to mind.  Excessive greed.  Excessive gluttony.  Why these clowns were bailed out at all is beyond me. There are "claw back" provisions in the big $700 billion bailout passed by Congress three weeks ago, requiring that financial institutions get […]