Archive for the ‘ Economy ’ Category

Everything is Going Up, even the Loonie

Food is going up, for some srange reason, that I am not quite sure why. I mean, because they can?

Not like those who grow the food are getting more, least not nearly as much as say the big corporations are taking.

RBC is warning that housing prices could crash, and hey our Prime Minister is taking his wife to the Royal Wedding in April.

World gas prices is up, at about $105 a barrel, all because of unrest in Libya and now a few more areas. And all Harper can do is tell us that Ignatieff isn’t here for us, and boo the media before speeches.

While his Ministers commit FRAUD, he tells us the economy is too fragile to make a change now, and that the majority of us, who do want an election, actually don’t want one.

The good old Loonie is now flying high, a record high over the last few years, which everyone is smiling about. Uh, anyone realize that means our Exports become more expensive, and that our Imports also cost more?

That means all that crap we buy from China is now gonna cost us even more, when it isn’t even worth what it was to begin with.  Our stuff, ( like just what do we make anyhow? ) will cost more, and be less competitive on the world market, so how long before all those big conglomerates come demanding more bailouts from us Taxpayers?

I mean they get the tax cuts, while you and I foot the bill.

That is Harpernomics in a nutshell.   We pay, they get the benefits.

Too Complacent?

You know, I wonder if we really care enough about our Country, or even about each other? Like gas prices are at record highs, and no one seems to understand the ramifications of this.

It is those high gas prices, that helped fuel the last depression. You know, the one where suddenly major companies were about to close up, if the taxpayer didn’t cough up billions.

You know, the time when our budget surplus suddenly rose to $60 Billion.

So how come our Loyal Opposition is more worried about the election fiddling by Harper, than about pushing to find out, just why a Country that imports no oil, has gas prices at over $1.20 a litre?  ( for those who don’t know, that translates to about $5.20 a gallon )

After all, the only reason is that some speculators on Wall Street are worried about the unrest in the Middle East. Like that is something new?

Up A Nickel Cuz They Can

This is what happens, when you have a Government that represents BIG BUSINESS instead of representing the PEOPLE.

Gas prices rose a whole nickel today, and why? Does anyone know the reason for this drastic increase in gas prices?  Is it fear that the Republicans will win tomorrow in the US Mid Term Elections?

Or is it some other nonsense, derived by a greedy Wall Street?

The bottom line is that with a fragile economic recovery (well they say it is a recovery) on the line, gas prices are once more rising, fueling further decline.  I suppose the increase in those being employed was too much, and BIG BUSINESS is afraid wages will have to be raised. 

It pisses me off, that no one seems to get it.  IT WAS THE OIL PRICES THAT THREW THE WORLD INTO A DEPRESSION & HERE WE GO AGAIN.

Too bad we don’t have a Government that cares, that is willing to step up and put an end this CORPORATE RAPE OF OUR ECONOMY & LIVES.


Cutting the Deficit

There is a lot of fear, from Government Workers [source], ordinary people, that the recent economic solution, implemented by the Harper Regime, will now have it’s bill come due. In other words, the outrageous deficit of $60 Billion is going to have to be paid off, and the concern is, who is going to feel that bite, first?

Our Illustrious Leader says no tax increases, and his stooge Flaherty echoes that sentiment, along with a promise to not cut transfer payments to the Provinces.  Like their word is any good?

I’d like to know, from these two Economic Giants (Harper & Flaherty) what about the money we gave to their business buddies? Do we get to see any of that in repayments? Or did that ship sail, along with the sellout of the environment and the scrapping of the Kyoto Accord?

I still haven’t been told where the money has been spent, especially that paltry $14 Billion to infrastructure. About all I do know for certain, is lots of cheques were cut, bearing the Conservative Party Logo, instead of the Government of Canada logo, but for what? I know a new home owner can get a gigantic tax cut of almost $800 bucks when they buy a new home, that will cost about $200,000.00 and have about $10,000.00 added in GST costs.

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Be Wary of Debt Load

You have to love these so called economic experts, especially our Bank of Canada Governor. I mean really, now he is warning us of the out of control debt load, that people are getting into, as well as Government.  UH, wasn’t he the same joker last year who told us to SPEND & SPEND MORE?

In its semi-annual Financial System Review, Canada’s central bank says that despite positive signs of economic recovery in the last six months, rising household debt levels are currently the biggest risk to the country’s financial system ( source – CBC News )

It makes me wonder, if these people even stop to think, before opening their mouths? Are they so blinded by the need to protect some corporate entity, that they forget the reality of life? Take a simple look at the causes of this recession, and one has to really wonder at the sanity of those in charge.

[1] Let us be honest, and realize that the so called financial sector of our economy has played a huge role in this recession, through its greed, its manipulation of figures and unsavory business ethics, that has led to many people being hoodwinked, and led down the garden path.  Does Sub Prime Mortgage rink a bell?

Back in the days when I was a wee kiddie, life was much different. To begin with, things were built on ‘earning a level of trust’ before one made huge purchases, such as homes, television sets, new cars. Business grew, but the emphasis wasn’t on rushing out to spend a fortune you didn’t have. IT WAS BUYING THINGS YOU NEEDED, NOT JUST WANTED.

It also was buying what you could afford, and yes, that included ‘time payments’.  If you didn’t have the income, you didn’t get that ‘time allowance’ and so it made people SAVE.  Something today’s economists talk about out of one side of their mouth, while out of the other side, they tell us to spend and buy more.

[2] Our values have been warped, so that we no longer expect the goods we buy, to have any real shelf life. Instead of a car lasting ten to twenty years, we are pushed into buying a new one, every few years. It is the same with virtually every single consumer goods sold, from television sets to washing machines, to computer operating systems.

Business needs to keep selling, but come on, the expectations of doubling or tripling your sales, each and every year is a crazy notion, yet one fostered by the Financial Markets. Whatever happened to the notion that a company grew at a nice steady pace, not at hundreds of percent each quarter, but at reasonable growth, over time?

Today we expect a huge profit each and every quarter, with no regard for future development, with no inkling of planning for advances. Business is no longer about preserving a way of life, but of creating a new one, each and every quarter, and frankly, that is just plain stupid, as well as unreasonable. Yet that is what Wall Street, Bay Street,  and other financial markets are pushing, and so it is no wonder, the world economy nearly collapses, at the merest hint of a loss.

[3] Governments used to be about serving the people, not the corporate entities of the world. In the past, it was the obligation of Government to watch over commerce, to insure its steady growth, but also on a ethical level, that prevented royally screwing the consumer, the worker. Today, that no longer exists, thanks to the need for more money, to campaign with.

In the day of growing up, back in the sixties and seventies, life was different. It wasn’t about greed, but about issues. Governments and the Banks were tools responsible to the people they served. Financial Markets were about providing funding for companies looking to advance, to improve on their products, not about outsourcing, or about building factories in countries to take advantage of cheap labor.

In those days, it was about providing infrastructure, to weather storms, such as Wars and to battle those who wanted to destroy our way of life. Yes, it was hard, but in those times, it was more about protecting & preserving our Freedoms, of defending our Democracy, not in SELLING IT OFF, AS WE DO TODAY.

[4] Debt is about buying what we want, not what we need, and yet while we attempt to contain that rising level of debt, we ignore many of the causes of such debt.

The real cause of our increased debt, is the unreasonable rises in the actual cost of living. Government & Financial Institutes are forgetting, that if they allow unchecked prices to rise, for no reason, it becomes a huge struggle to simply stay even with things. Look at food, at housing prices, at anything for that matter. THEY ARE ALL DEPENDENT ON THE COST THEY PAY FOR ENERGY TO PRODUCE THEIR PRODUCT.

By allowing the Oil Industry to charge and raise prices, based on idle speculation, ON GREED, they have allowed a rapid rise in all sectors of our economy. From the cost to cut down a tree, to the cost of heating one’s home, business. From the cost to deliver the goods to market, to even the cost to ship them in from cheap labor sources like Communist China, from India.

It really is simple, look at when Oil first hit $50 a barrel, then look at what the price was at the pump then. NOW LOOK AT WHAT THE PRICE IS AT THE PUMP WHEN OIL ONCE MORE HITS THOSE PRICES.


There are many issues at play here, but when we claim a low inflation rate, that is bullshit, when we say prices have gone down for energy, when the truth is, they are still artificially too high, we are going to have to spend more, just to keep what we already have. That is the reality of this NEW ECONOMICS.  If the Bank of Canada wants to reduce the debt load we carry, both individually, and nationally, then perhaps the solution rests in a return to making CREDIT EARNED NOT FREELY GIVEN OUT.

Perhaps the solution isn’t in lower interest rates, or extended periods of time to pay for things, but a return to where we bought what we needed, and that what we bought, was made to last, not fall apart in a short time frame, as is the case today.