Tag: US economy

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March 29, 2009

That’s No Angry Mob … It’s a Movement

More and more people are asking why we should be bailing out any corporation when we have legitimate processes for managing this:  Chapter 11 in the US and Insolvency in Canada . This story identifies how people are starting to band together , organize proper protests and offer significant opposition to what is happening in the US (and what should start happening in Canada as […]

corruption disaster capitalism economics financial crisis Fraud Politics The Corporation US economy
March 26, 2009

The Big Takeover

I’ve been saying/thinking this for a bit, and I feel a little relief to see someone more ‘mainstream’ voice concerns about the level and intent of bailouts, the intended recipients and the ultimate point of capitalism. Yes, we’re at that moment where it’s now time to wonder if we’re entering a game-changing period era (not month, year or couple of days like the Cons might […]

disaster capitalism financial crisis Politics US economy
March 25, 2009

China Calls for New Reserve Currency

Original story here . In time, everyone will be calling for a more international approach to pricing everyting, including commodities, goods and services and maybe even US securities. This doesn’t bode well, of course, for the world’s largest printing press and the state of borrowing in the US. Potential outcomes:  a big drop in the value of the US currency on the global stage, a […]

economics Politics The Corporation US economy
January 20, 2009

Who Needs a Draft?

I’ve argued for a while that the notion of a draft in the US is illogical for two reasons: It would generate unwanted competition to the $900 per day private contractors such as Blackwater There’s no need for a draft when people are unemployed. Unfortunately, I’m proven correct on the second reason, as can be seen with this NYT article . As massive waves of […]

disaster capitalism economics euthanol interflation oil shock US economy
January 7, 2009

China to Reduce $US Transactions

Please note:  the opinions expressed in this blog do not constitute financial advice.  Any investment action that you take in response to this article or other articles on this blog (or other blogs, for that matter) should be done with the support or review of a registered financial advisor. The government of China has announced that it will reduce the volume of $US transactions, mainly […]