As the presidential campaign begins to wind down, looking back at Ron’s incredible accomplishments I am hopeful his libertarian message will be picked up by a new generation of leaders and finally begin to penetrate Washington politics.
Despite a several decade high in the value of the Canadian dollar and declining consumer demand in the United States, the unemployment rate dropped to a 33 year low of 5.8%. It’s probably too early to say Canada has officially de-coupled from the United States, but this evidence can not be ignored.
The recent pullback in gold prices has many commodity bears calling for a major correction in gold prices, possibly another $50 or more per ounce. While I certainly can’t rule out the possibility of a minor correction, the upward trend should continue over the next few years for the same reason it has been steadily trending upwards for the past several years — inflation.
You will know we have entered the next phase of this American economic meltdown when individuals and corporations start to see their credit limits reduced without notice. It’s common knowledge that American Express, MasterCard and others are actively investigating ways to reduce their exposure to high-risk consumers and businesses.
The Canadian constitution is comprised primarily (but not exclusively) of two parts, the British North America Act (a.k.a. the Constitution Act) of 1867 and the Charter of Rights and Freedoms (a.k.a. the Charter) of 1982. The Charter does not address taxation, but the Constitution Act does, in fact many Canadians may be surprised to learn that it explicitly defines the limited powers of each level of government.
I realized a few years ago, after working on a project that generated millions of dollars for my employer, that it doesn’t make sense to work hard to enrich other people. If you have the skills necessary to generate all those dollars for someone else, you should find a way to use those skills for yourself.
“It is only Barack Obama, in his person, in his ideas, in his ability to understand and to articulate both our needs and our hopes that provide the potential for strong and fresh leadership,” Volcker said in an e-mailed statement today.