You are right to be angry. Although, I question how many of you truly understand the system you criticize. You’re right that Bay Street is a land of excess at the expense of you and most Canadians. You’re right that we are merely serfs of the financial class. But why is it this way? Is [...]
Category Archives: DollarCrisis
The myth of cheap labour and the inflation in your future
Posted by Mike Brock on July 7, 2011 Comments Off
A lot of my friends are people who you would call “left wing”, and I often spar with them on various issues. One issue I tend to spar with them on, is the natural capitalist tendency towards the exporting of jobs overseas to “exploit” foreign workers at subsistence wages. There are fundamental errors in this [...]
America’s appointment with destiny
Posted by Mike Brock on June 23, 2011 2 comments
It’s a tired expression to say what goes up, must come down. But it’s always a pertinent one and it applies to pretty much everything in the universe. After all, the universe has an appointment with destiny too, and it’s a dark, cold, lifeless one. In the interim however, we can make the best of [...]
We’re going to spend this bitch into the ground and take everyone down with us
Posted by Mike Brock on May 18, 2011 Comments Off
Timothy Geithner might be the most evil person alive. But I say might, given that the distinction probably lies with Ben Bernanke. I could have started this article off a little less provocatively. But then I asked myself why would I do that? I mean, I don’t think calling America’s Treasury Secretary evil is really [...]
Three cheers for Rand Paul
Posted by M.J. Sheppard on February 16, 2011 1 comment
I’ve never been particularly enthusiastic about Rand Paul or the Tea Party. They seem to recognize that the United States has a debt problem, but they chase rainbows in the attempts to deal with it. Yes, America has a spending problem but that’s only half of the problem. It also has a revenue problem, and [...]
Is the bottom falling out of the EU?
Posted by Mike Brock on November 23, 2010 1 comment
When the prospect of bailing out Greece arose, the argument among free market advocates, was that allowing a default was far more preferable to attempting to prop the country up. Because doing so, would simply delay the inevitable. Indeed, Greek sovereign issues are once again beginning to demand absurdly higher yields, slowly repositioning Greece back into the square [...]
Cotton clothing prices surge. But don’t panic, there’s always hedonics!
Posted by Mike Brock on November 15, 2010 Comments Off
After hearing that Walmart’s import costs have been skyrocketing in recent months in a secret price survey showing rapidly rising prices over the past few months, now this from Bloomberg: Gap Inc., J.C. Penney Co. and other U.S. retailers may have to pay Chinese suppliers as much as 30 percent more for clothes as surging [...]
Ben Bernanke fails to understand a concept that a child can grasp
Posted by Hugh MacIntyre on November 12, 2010 10 comments
I was stunned to learn that Stephen Harper is defending the insane policy of Fed Chairman Ben Bernanke. The rest of the G20 are outraged by the US plan to save the economy by magically creating money out of thin air, and they should be outraged. The collapse of the American dollar will hurt not [...]
Ron Paul to oversee U.S. Federal Reserve
Posted by Peter Jaworski on November 11, 2010 1 comment
According to the Huffington Post, grumpiness about the Federal Reserve has grown beyond the confines of the Austrian School-inspired, Ron Paul-friendly former-rump of the Republican Party. It’s the “former rump” of the party since it is gaining in both number of supporters and general acceptance. It is slowly becoming acceptable to be a full-on gold [...]