Tag: financial crisis

October 10, 2008

Why this weekend’s financial summit should be held at the UN

The financial crisis is about to be solved by seven people.  7.  And the IMF.  Yay. Finance ministers from the G7 (I guess Russia is completely out of the picture now) will meet this weekend and into next week to sit around, pick their noses, maybe play a little backgammon and find new ways to screw their taxpayers.  It’s unlikely that they’ll find a solution […]

October 10, 2008

Futher Exploration of the Financial Bailout

People keep asking how and why the financial is happening.  With running commentary from progressive Democrat Dennis Kucinich, Chris Hedges explores the financial crisis in layman’s detail . Basically, Americans got screwed.  The bailout package represents the greatest shift of wealth upwards that the world will ever see and few, if any, pennies will be spent on the 10 or so million Americans that are […]

October 9, 2008

Canadian Election: What did Stephen Harper Know About Interest Rate Cuts?

In the CBC interview with Peter Mansbridge on Tuesday night, Stephen Harper disclosed that the Bank of Canada would be taking action with interest rates as part of an effort to help with the international economic situation. This announcement is unprecedented.  My question:  should it be considered illegal and a breach of trust? Why the question?  It’s of the utmost importance that at least two […]

September 15, 2008

International Price Hikes Coming?

In the past, I’ve tried to assess the impact that the declining US dollar has on international commodity prices.  Link 1 .  Link 2 .  Link 3 . At the core, I believe that we (as global citizens) are making a mistake by tying our commodity prices and products to the US dollar.  To quote the old adage "you don’t put all of your eggs […]