Guest post by Vin Maru Bank of Canada may be ahead of all its peers in ensuring its banks meet the Basel capital requirements. And it may have done a better job in regulating the banking sector, but they are not innocent of allowing bubbles in Canada to form. Even Mark Carney feels that the […]
Yes, It’s True, Money Can Make You Happy – “Economic Suicides” Soar Worldwide
August 15, 2012 Leave a Comment
I really love it when I hear people say that “money can’t buy happiness.” This quaint old saying is usually a palliative remark, spoken by people without money who really wish they had money. The brutal reality being made crystal clear by the spreading world wide depression is that many people without money are discovering […]
Why U.S. Deficits Are Necessary and Austerity Is Self-Destructive – Finance For Dummies
August 15, 2012 Leave a Comment
Would the United States be committing economic suicide by instituting an austerity program to reduce the national debt and deficit spending? One man who thinks so is Bill Black, author of “The Best Way To Rob A Bank Is To Own One.” Bill Black is a financial expert, frequent critic of the banking industry and […]
Mitt Romney – The Human Punching Bag
August 14, 2012 Leave a Comment
Day after day, Mitt Romney’s opponents have savagely attacked his character and record. And day after day, the Romney campaign inexplicably remains mute, allowing the drumbeat of attacks to continue. By allowing himself to become a human punching bag, Romney ignores at his peril the old saying that “If you repeat a lie often enough, […]
Federal Reserve Trickle Down Policies Enrich Wall Street While Screwing Consumers
August 13, 2012 Leave a Comment
The Federal Reserve’s policy of printing money and repressing interest rates to all time historical lows was supposed to result in widespread economic benefits. The results to date, however, have proven uneven. While homeowners have reaped the benefit of lower mortgage rates, savers and retirees have experienced real negative returns, which has resulted in a […]
Achieving The “American Dream” Is A Fantasy For Many – How Do You Measure Up?
July 21, 2012 Leave a Comment
A recent study by The Pew Charitable Trust concluded that the current generation has little to look forward to in achieving the “American Dream”. In fact, fewer that one-third of Americans can expect to exceed the level of wealth and income achieved by their parents. This depressing study, entitled “Pursuing the American Dream” probably only […]
It’s The Debt Stupid – Economic Growth Is Suffocated By Excessive Government Borrowing
July 20, 2012 Leave a Comment
Carmen Reinhart and Kenneth Rogoff, in their best selling book, This Time Is Different, have examined sovereign debt defaults over the past eight centuries from around the globe. Based on their in depth analytical studies, the authors conclude that large scale financial crises such as 2008 inevitably lead to ruinous increases in government borrowing and […]
Obama Obsession With “Millionaires and Billionaires” Continues
September 17, 2011 Leave a Comment
As the U.S. economy continues its slow but steady march into economic depression, the Obama obsession with taxing millionaires and billionaires continues. Consider, Obama Tax Plan Would Ask More of Millonaires. President Obama on Monday will call for a new minimum tax rate for individuals making more than $1 million a year to ensure that […]
Obama – “Hi, I’m From The Government And Am Here To Help You”
August 3, 2011 Leave a Comment
After signing into law legislation that increased the national debt by a massive $2.4 trillion, the President said he wants to solve other issues including tax cuts for the middle class and extended unemployment benefits. No mention was made of focusing on job creation but the President said he understood what the voters really wanted. […]