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Posts Tagged ‘Money

US Set To Unleash Final Weapons of Economic Mass Distruction.

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As Toronto Star National Affairs Columnist, Thomas Walkom outlines in his article on November 13, 2010 the United States government has failed to solve it’s massive financial problems and is about to throw their final desperate financial hail Mary in hopes of avoid the seemingly inevitable economic collapse that looms for it’s citizens.

Here’s a really brief recap of his comments:

  1. Global trade imbalance: China makes and exports too much  and the US makes too little and imports too much.
  2. Unmanageable US debt: US losing the ability to borrow from the global markets to fund two long wars and massive taxes cuts.
  3. Political paralysis in the US virtually assures no real solutions are on the political horizon.
  4. Currency war: With all options exhausted the US will begin printing money and flooding Capital markets with devalued US dollars – so-called quantitative easing. But countries that historically supported the US are running away from the US dollar faster than the Fed can print them.

Written by mattliving

November 13, 2010 at 11:57 am

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

Slavery Evolved.

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Gold is the money of kings;
silver is the money of gentlemen;
barter is the money of peasants;
but debt is the money of slaves.

— Norm Franz

Get free…
Canada | United States.

Written by mattliving

November 18, 2009 at 11:32 am

The U.S. Dollar Will Collapse – FED Governor Warns.

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Written by mattliving

September 30, 2009 at 9:28 am

Posted in Money, Survival

Tagged with , ,

Fight For Competitive Broadband in Canada!

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Picture 1

We hope that you will consider supporting and participating in this campaign. We believe that if the CRTC decision to allow Bell and Telus to decide whether or not to provide competitor access to broadband is not changed, prices for broadband and other next generation telecom services to all customers will spiral upwards, innovation and service will suffer, and business customers will have little or no power to protect their interests. Show Your Support!

Written by mattliving

September 26, 2009 at 10:38 pm

Capitalism Is A Ponzi Scheme and We’re The SUCKERS. Oh And Wolf Blitzer is a Fuckin’ Moron!

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Wolf Blitzer is a fuckin’ moron! What self-respecting “journalist” would interview a director about his film without having watched it and use other people’s quotes to form questions? Like I said Wolf’s a fuckin’ moron and the just one cog in the mainstream corporate/capitalist propaganda machine.

If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy. — James Madison

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‘When the government fears the people it is a democracy….when the people fear their government it is tyranny…’ — Thomas Jefferson

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Those who give up essential liberties for temporary safety deserve neither liberty nor safety. — Benjamin Franklin

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The spirit of resistance to government is so valuable on certain occasions, that I wish it to be always kept alive.– Thomas Jefferson

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The means of defense against foreign danger historically have become the instruments of tyranny at home. – James Madison

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The people can always be brought to the bidding of the leaders…tell them they are being attacked, and denounce the peacemakers for lack of patriotism and exposing the country to danger. – Herman Goering

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I love America more than any other country in this world, and, exactly for this reason, I insist on the right to criticize her perpetually. – James Baldwin

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Anyone who has the power to make you believe absurdities has the power to make you commit injustices. – Voltaire

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The cry has been that when war is declared, all opposition should be hushed. A sentiment more unworthy of a free country could hardly be propagated. – William Ellery Channing

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“If there be one principle more deeply written than any other in the mind of every American, it is that we should have nothing to do with conquest.” — Thomas Jefferson

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Criticism in a time of war is essential to the maintenance of any kind of democratic government. – Sen. Robert Taft, (R) Ohio

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Fascism will come wrapped in a flag and carrying a Bible. ~ Sinclair Lewis 1935

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“Patriotism is the last refuge of scoundrels.” – Samuel Johnson

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“If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied.” -Thomas Jefferson

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“The individual is handicapped by coming face to face with a conspiracy so monstrous he cannot believe it exists.” -J. Edgar Hoover, former head of the FBI

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BEWARE THE LEADER WHO BANGS THE DRUMS of war in order to whip the citizenry into a patriotic fervor, for patriotism is indeed a double-edged sword. It both emboldens the blood, just as it narrows the mind. And when the drums of war have reached a fever pitch and the blood boils with hate and the mind has closed, the leader will have no need in seizing the rights of the citizenry. Rather, the citizenry, infused with fear and blinded by patriotism, will offer up all of their rights unto the leader and gladly so. How do I know ? For this is what I have done. And I am Caesar.”  – Anonymous

Written by mattliving

September 25, 2009 at 9:29 am

US Health Care Spends $400 Billion on Administration Fees

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health_insurance_costsMedicalNewsToday: The U.S. wastes more on health care bureaucracy than it would cost to provide health care to all of the uninsured. Administrative expenses will consume at least $399.4 billion out of total health expenditures of $1,660.5 billion in 2003. Streamlining administrative overhead to Canadian levels would save approximately $286.0 billion in 2003, $6,940 for each of the 41.2 million Americans who were uninsured as of 2001. This is substantially more than would be needed to provide full insurance coverage.

bspcomment You really must ask yourself how much would be saved if insurance companies were removed entirely from the health process?

Written by mattliving

May 19, 2009 at 7:38 am

EU Parliament: Copyright Laws About Corporations NOT Artists.

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greedypig

Open Rights Group: Against widespread dissent and controversy MEPs in the European Parliament voted this morning to allow copyright term extension to pass a first reading.

4 out of the 7 main groups (ALDE, GREENS/EFA, NGL, IND/ DEM) together with a cross party platform of MEPs voted to reject the proposal. Internal opposition threatened the group positions of the two largest parties (PSE and EPP) as several national delegations and key MEPS also joined the fight to reject. We understand that, in total, 222 voted in favour of rejection, 370 against. The final vote was 317 in favour, 178 against, 37 abstentions. A key amendment to ensure benefits accrued only to performers was also rejected.

The proposal now moves forward to the Council of Ministers where it is currently blocked by member states. The fundamental problems remain: how to include a workable use-it-or-lose it clause; agreeing to deliver real benefits to the vast majority of performers; how to avoid breaking the respect necessary for a functioning IP system by simply taking money from the pockets of consumers.

While the lobbying of powerful vested interests pushed the proposal through, the widespread condemnation in the press, among stakeholders, and in the European Parliament shows that our argument has been won in the eyes of the public and that Europe must create balanced and fair copyright if it wants a system fit for purpose in the 21st century.

bspcomment FUCK THEM ALL!

Written by mattliving

April 23, 2009 at 3:34 pm

Europeans Fight New World Order. North Americans Order Out.

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g08_protestsapr03-09

North America today is a fat, lazy culture too overweight and out of shape to bother fighting for our own democracy. That is of course if you’re talking about the types of protests that require participants to pick up a sign and actually walk around.

We have become blind to our own acts of violence unleashed upon the world for the sake of our biggie fries and $5 Walmart flip flops. So long as the real world remains safely off shore and “secure” by the current “coalition” standards we quite happy to go about consuming our way to oblivion.  Without regard for our fellow man/woman, neighbourhood or planet.

Yeah I know that sounds pretty deep and dark but the cold sad truth is that we are no longer capable or nor do we encourage public protest. In fact we have been carefully manipulated into believing that public protest is wrong and that those of us who speak the loudest or with the most force are simply labeled bullies, disciplined and marginalized.

We must begin to teach our children the simple and powerful lessons of history. How nations were and continue to be hijacked by the rich and powerful and who are once again a foot in the shadows of the palace executing a takeover of biblical portions. The powerful have again seized power and this time that are holding democracy hostage using economic weapons of mass distraction to ensure they remain in their privileged sits of power while the rest of the world collapses outside their gilded gates.

As Obama shreds his bold election promises of transparency and accountability into increasingly smaller and irrelevant pieces, he continues to appoint the very bankers, financiers and business executives that burned our global economies to the ground with the extraordinary greed and a stunning disregard for even the simplest of morale standards.

Autoworkers are forced into massive concessions in order for their failed employers to receive a mere sliver of the bailout cash that the banks, investment firms and insurance companies have gorged on since November of 2008. The Obama administration soft peddles excuses about why the contracts of the rich and ruling class are somehow more important or valid than autoworkers and they must be upheld based on some false American principle.

The Obama administration seems paralyzed by the fear that their gigantic Ponzi scheme underway will be revealed and their country will collapse under the weight if it’s own self-centered greed. They seem obsessed in their efforts to hid the truth and deceive Americans about the real and present danger in their economy – corrupt bankers and CEOs. While their efforts may appear to have some very short term benefits, they will be short and the pain that they will unleash for the next decade will be incalculable.

The same forces appear to be at work here is Canada too. As Federal Finance Minister Flaherty recently called the “recession”, “relatively … mild recession” posing “relatively mild challenges”. Remember this is the same schmuck who boldly declared Canada was all but immune to growing global financial crisis during the 2008 election campaign only reverse course and admit that Canada wasn’t so sheltered after all. Then his minority government attempted to obliterate the opposition parties by eliminating public funding of the parties under the banner of fiscal restraint.

But the Conservative carnival did not end there. So venomous was the backlash of the opposition parties that they formed a perfectly legal coalition only to watch a minority government petition the Governor General to suspend the Canadian Parliament for nearly two months to avoid a non-confidence vote.

Now Mr. Flatherty says that stimulus money is not moving fast enough and the governemnt must loosen the oversight reigns in order to save our floundering economy. Sound familiar? You know that economy that was/is so perfectly shielded from the deepening financial and political crisis and will only suffer a mild recession while the entire global economy teeters on the brink of a full blown depression even worse than the dirty 30’s. Only now the Conservatives are claiming that the very regulations that they tried for decades to eliminate are THE ONLY thing that saved Canadian banks from suffering the same near fatal collapses of their breatheren south of the border.

The same regulations and oversight that Mr. Flaherty wants to loosen the “speed up” the recovery. (:

Written by mattliving

April 4, 2009 at 8:53 am

New Home Sales Fell 41% in February. They DID NOT Increase.

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home_sales_boomRGE: The parade of the mathematically innumerate business writers continue to misread data. The latest evidence? New Home Sales.

After incorrectly reporting the Existing Home Sales, the mainstream media misread the Census department report of New Homes.

No, New Home Sales data did not improve. In fact, they were not only not positive, they were actually horrific. The year over year number was a terrible down 41%. Sales from this same period a year ago have nearly been halved.

Why did the media report this as positive? If you only read the headline number, you saw a positive datapoint: February was plus 4.7% over January.

bspcomment Now the really funny stuff is going to start. Having failed to arrest the landslide of economy failures the government has now decided to manipulate the numbers to spin a rosey picture. And once again the fifth estate is buying in lock, stock and barrel. Listen folks, you don’t go from near total collapse to almost 5% gorwth in 30 days. Please, if you believe that I’ll show where the WMDs are in Iraq.

Written by mattliving

March 26, 2009 at 11:53 am