Category Archives: US economy

London Should Have More 50% Off Days

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So, we’ve had more than a month to ruminate on the situation in London, Ontario where international machinery company Caterpillar battles it out against a few hundred unionized labourers at Electro-Motive Diesel.

Unfortunately, there’s not much that’s going to happen because all of our leadership is on the side of selling out to the international ‘who’s who’ of screw local workers and these people will have to accept half of what they used to just to put food on the table.

With this in mind, I have a suggestion:  50% days, starting in London, taken nationally.

We create a bunch of pins, bumper stickers, shirts, etc that declare that we – citizens of this community – are fine with accepting 50% off our wages and salaries, but we’ll also demand 50% off other costs of living, including some of the following:

  • Gas
  • Food
  • Mortgage rates
  • Housing prices
  • Property taxes
  • Books
  • Clothes
  • Cars
  • Donations to charities and political parties
  • etc

And … to top it all off, the City of London should embark on a ‘50% off profits’ campaign, where any company not based in London will also face a 100% increase in property taxes to reflect the reductions demanded by its citizens.

It’s the only way folks:  since the Kevin O’Leary MBA-types out there are telling us it has to be this way and we have to take it or leave it, we need to fulfill the second part of the equation.

Davos 2012: You’ve Been Warned

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It looks like Davos 2012 – a massive meeting of the world’s ‘official’ leaders – will test the waters with reforms of ‘outdated’ capitalism.

Is this an admission of the failure of the world’s economic intellectual ‘powerhouses’ to develop a real and functional economic system that doesn’t pit man against man, man against nature, and so on?

Pundit George Soros has already called it and you can now consider yourself warned:

  • As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil.”
  • In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties.
  • The global economic system could even collapse altogether.
  • We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression.

Socialism, then?

Fascism, more likely.

A Brief History of Plutocracy

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Plutocracy = rule by the elite.

From ‘the Rothschild Model’ to the ‘Rise of Corporations’ as methods by which we are all fueling perpetual war.

This is 26 minutes well spent.

Of course, not all of it should be taken as gospel, but we need to understand his last comments as they relate to the ‘market’.  There is a supra-national group of organizations that are not subject to any democratic input.

I also like the solution:  don’t fight the beast.  Stop feeding it.

Global Research ‘2011 Year of the Dupe': An Awesome Read

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Global Research has released their 2011 Year of the Dupe article and it’s well worth reading for anyone that wants to know about what really happened in 2011.

The essence of the article addresses America’s expansion around the world and extension of hegemonic corporate powers universally.

It explores the deceit that’s being used to fool us into believing that a revolution is happening worldwide, while it also exposes the abyssmal coverage of the #occupy movement that occurred in North America and elsewhere.

Go ahead.  Click through, print off and grab a coffee and enjoy some truth for the holidays!

Where Did the Fed Get $7.7 Trillion?

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The Federal Reserve – a privately owned lender to the Federal Government in the US – printed $7.7 trillion during the 2008 financial crisis.

They gave it to banks in 2008 while the rest of America started to fall apart.

Dennis Kucinich explains:

If you don’t believe what he’s saying, know this:  nearly HALF of all capital gains in the US went to just 0.1% of the US population.  Continued efforts to reduce the tax on capital gains will only exaggerate the inequality in the US and elsewhere, including Canada.

Here’s the translation:  socialism for the top crust, capitalism for the rest of you.