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Archive for the ‘Economics’ Category

Trans-Pacific Partnership is a Corporate Trojan Horse

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Prime Minister Harper finally let slip that Canada’s automotive industry won’t like parts of this so-called trade deal. In fact only 4 of the 29 chapters of the TPP have anything to do with trade. The remainder are largely about establishing corporate rights regardless of sovereign law.

Written by mattliving

September 19, 2015 at 2:09 pm

Why Are We All Being Fed By A Poison Expert?

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Written by mattliving

June 9, 2015 at 10:51 am

Government NOT Private Enterprise Open Economic Frontiers

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Written by mattliving

August 10, 2012 at 9:48 am

Europe to U.S. – “STFU and Get Your Own House In Order!”

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$14,703,782,663,755.17 – The US National Debt has continued to increase an average of
$3.93 billion per day
since September 28, 2007!

azizonomics: And what might put Europe and the global financial system to the sword? Recrimination. It’s not my fault it’s everyone else’s fault. Now former ECB policy-maker and Euro-hawk Jurgen Stark has weighed in to tell Euro-hopping U.S. Treasury Secretary Geithner (in less direct language) to shut up and go home.

From Zero Hedge: Finger-pointing in the direction of Europe shouldn’t prevent others from putting their budgets in order and doing their homework before handing out advice to Europeans.

Of course, Stark has a point. Europe is a complete mess , European policy makers are stumbling and slumbering forward to the gates of Hades. But America? The American economy is a jaundiced sham; where Europe has maintained a sliver of its former industrial might (i.e. supply chains, heavy & light industry, consumer manufacturing) in Germany, Scandinavia and the Netherlands, America prefers to ship a significant majority of its consumption (and even a lot of its infrastructure) from China (and subsidise the shipping costs through massive military deployment).

And what is it that Geithner (and the United States)is bringing to the table?

Absolutely NOTHING!

Written by mattliving

September 17, 2011 at 10:47 am

The Crises of Capitalism

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Written by mattliving

July 2, 2010 at 9:24 pm

The European Debt Endgame Approaches

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Greece owes $367 Billion to Other EU nations, Ireland owes $865 Billion to Other EU nations,
Spain owes $1 TRILLION mainly to France, Britain Germany, Italy owes $1 TRILLION mainly, to France, Britain Germany and so on and so on…

How can broke economies lend money to other broke economies who haven’t got any money because they can’t pay back the money the broke economy lent to the other broke economy and shouldn’t have lent it to them in the first place because the broke economy can’t pay it back.

The question is not when this game is going to end but how many millions of citizens are going to be absolutely devastated by the ultimate economic solution facing these and all other nations on this planet?

Written by mattliving

June 19, 2010 at 9:06 am

Ontario Throws Public Sector Workers Under the Deficit Bus. AGAIN!

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“All of us who are paid with public tax dollars have a role to play here,” Finance Minister Dwight Duncan said in a speech to the legislature. “We’re all in this together.”

Taxpayers have little or nothing to do with the administration and management of the services we pay taxes for. Politicians are quick to blame users for problems of their own making and taxpayers need to push back.

What’s more, Mr Duncun and every single MPP sitting in Queen’s Park have received wage increases totalling 28% since 2007! That’s right folks. The very politicians that claim you and I are the cause of their own management nightmares (eHealth, LHINs) and have returned to using that classic old school tactic of blame run away deficit spending on greedy public sector workers while they enjoyed an average annual wage increase of 9.5% every year since 2007!

Their total pay hike since December now stands at 28 percent, an amount sure to infuriate those who already foot their bills – including the Canadian Taxpayers’ Federation.

Even during the so-call financial apocalypse they continues to rack in nearly double digital wage hikes while pouring BILLION$ taxpayer dollars down the gullets of the automotive and similarly broken and unsustainable business models yet it is the Ontario taxpayer and more importantly the public sector workers who bare the brunt of Dah!cun’s dull budget axe.

The failures on virtually every level of government in Canada are just too obvious to ignore anymore. Yet even as these failures grow in size and cost, governments continue to spin new ways to blame the taxpayer and public sector workers for their self-inflicted spending deficits woes.

Applying Mr. Duh!can’s gifted management approach why didn’t freeze the wages of medical professionals to help control healthcare costs or freeze the wages of HydroOne executive packages to help control the ballooning costs of electricity in Ontario? Why?  Because his like all the other politicans of today are spineless little weasels who only care about lasting the required terms to collect their guilded TAXPAYER funded pensions after just 8 years at Queen’s Park!

This most recent act of budget buffoonery simply shines a very bright light on a spectacularly simple and stupid idea that freeze wages  will solve the many and large structural deficits the Ontario government has refused to address over the last three DECADES!. Of course, when all else fails blame the public sector workers.

McGuinty and his merry band of deficit spending idiots had better be polishing up their resumes and VCs before the next provincial election because heaven knows they surely can’t be expecting to win an election by freezing wages and taxing the very sector on Ontario’s economy that is most likely to contribute the MOST to Ontario’s future growth.

A despicable act of self-preservation akin to eating your offspring.

Written by mattliving

March 26, 2010 at 8:28 am