Canada faces near-recession if U.S. plunges over ‘cliff,’ Carney warns “Carney warns of risk from U.S. Bank of Canada Governor Mark Carney has warned that a failure by U.S. politicians to reach a new budget agreement before time runs out would push Canada close to another recession… the bank warned
Continue readingTag: banksters
Politics and Entertainment: Banksters will be on a Desperate Prowl for the Rest of 2012
As I’ve suggested many times, the current global economic conditions were to be expected. We are in a static, no growth economy forever, the maximum growth hovering around 2%. for the foreseeable future. I could live with that, but market-driven neoliberals couldn’t, and they are the ones who, alas, control
Continue readingPolitics and Entertainment: a tiny glimpse into the ways our government serves the corporate and financial world, not the people of Canada
Some Key Areas Where Neoliberal Policy Undermines both the Industrial Economy and Canadian Democracy Under the Harper Regime, the investor class is constantly being protected at the expense of the real industrial economy, for just about all policy decisions privilege both the financial sector, with its market-driven initiatives and debt-driven
Continue readingPolitics and Entertainment: 14 economic advisors Flaherty consults on policy and budgets are all from the financial sector: Fiscal contraction doesn’t work
The 14 economic advisors Flaherty consults on policy and budgets are all from the financial sector, mostly banksters. Here’s what James K. Galbraith says about the implicit danger of such a stacked deck: “….economic policy should not be under the control of bankers, and any economic team which is dominated
Continue readingPolitics and Entertainment: James K. Galbraith: Inequality and Instability
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Continue readingPolitics and Entertainment: Peak Everything and a Perpetual No Growth Economy
Many heterodox economists and post-carbon researchers – most notably Richard Heinberg in several books but particularly in his seminal The End of Growth and Chris Martenson in The Crash Course – have recognized that, among other lesser causes, because of peak oil, the core source of energy that has been
Continue readingPolitics and Entertainment: Debt Continues To Smother Us All Thanks to the Banksters
So here’s how it works. Although coming off record profits in 2011, Canadian banksters have decided to nickel and dime us in 2012 with their new chequing and ATM fees. Why? Because, on the one hand, healthy corporations are hoarding their Flaherty tax cuts cash, are understandably reluctant to invest given a
Continue readingBanksters fight back?
Are the vast, scum-ridden septic tanks of sleaze, avarice and mendacity that make up the US banking system a little rattled by Occupy Wall Street? Chris Hayes seems to have the proof on this morning’s “Up With Chris Hayes” show: This is exactly what is wrong with the whole system,
Continue readingIt’s “Bank Transfer Day”
…the day fed-up, fucked-over bank customers tell their banks to fuck off. This is the day bank customers have been encouraged to “Move [Their] Money” out of Too Big To Fail Pig Palaces like Bank of America and into credit unions, out …
Continue readingThe Game is Rigged
No, not that game. I mean an actual Game, in this case, CNBC’s trading contest, “Million Dollar Portfolio Challenge”. The Challenge has run up against some challenges, and trading has been suspended for a week following the discovery of a technical glitch that some wily contestants were exploiting to their benefit. Surprise surprise: someone’s cheating. […]
Paul S. Graham: David McNally on Global Crisis and Global Resistance
David McNally teaches political science at York University in Toronto and is active in many social justice movements in that city. On Sept. 24, 2011, McNally spoke at the Mondragon Bookstore and Coffee Shop as a featured presenter at Winnipeg Radical Bookfair and DYI Fest. His topic: Global Crisis – Global Resistance. Length: 60 minutes […]
Rewriting History
We Canadians just love believing fictions about ourselves especially when they allow us to climb up on high and sneeringly look down on others from a position of perceived superiority.Well we can now officially add to our long list of delus…
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