Humble Dogs

That they might see with their eyes, hear with their ears, understand with their hearts. Matthew 13:15b

Archive for the category “Finance”

Hard to Stay Conservative

In principle, most Tory voters agree with bill C-38, but, it just may be to all encompassing to be comfortable with. What is creating some suspicion is that there are virtually no columnists writing in favor or defending the budget as written. Would it not be in the Tories best interest to break the budget up into appropriate segments? As it stands, few Canadians have any inkling of what the budget contains. 600+ pages is far too much to digest.
Is this the Harper thinking? A Tory voter is a Tory voter, just get it through in one big shot, we have three years to let any criticism fade and they will vote Tory again regardless. There is very good chance many can be persuaded not to vote Tory again.
Or are the Tories making one big offensive knowing that they are most likely to lose their majority come 2015? Their debate in the House is not helping them.
To make things worse, the out-right lies and innuendo coming from the likes of Levant and Adler, just add to the suspicion that maybe the critics on the left have a point. The budget is to large. Maybe there is some curious parts to this legislation that need more time and debate.

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Fairy Tale Dollars

Once upon a time, the dollar in your pocket had positive value. Money is now only a number in a database. Even the money in your bank account is a fictitious number. Roughly, only 10% of the people could cash in their accounts, bonds, pensions or securities in any given month or even year. That is why the US banks crashed a few years back and required bailouts in order to keep pension funds and savings afloat. Too many mortgages based on fictitious values went sour.

Could it happen again? Yes! The only thing different is the shift in responsibility. Now everyone owes, instead of only the richest who had the most dollar amount to lose.

Will it happen again? Yes! The debt didn’t go away, it is still there – accumulating interest, on a graduated scale. The more the debt, the higher the interest. The deeper in debt, the greater risk of collapse.

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