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.
It’s early morning and the bar is about to close, but until it does, all the booze you need to wipe away your pain will continue to flow. There’s no need to worry, Ben “the bartender” Bernanke will hook you up.
On this momentous day, following the lead of Robert Mugabe’s Zimbabwe, Bernanke is expected to drop the discount rate below official CPI and give a final blow to any American dumb enough to consider US dollars a store of value. Forget what you’ve been told, savings are so 1929. I thought this collection of one sided debates between Dr. Ron Paul and uncle Ben would be appropriate.
Many have long suspected government and central bank manipulation of gold prices, but in this case, as all others, eventually the market overwhelms incompetent bankers. A watchdog group is now claiming that half the American gold reserve has been sold in a failed attempt to end the rally by flooding global markets with excess supply.
