Reprinted from GoldMoney Many of us are aware of Professor Laurence Kotlikoff of Boston University’s calculation that the net present value of the US Government’s future liabilities rose by $11 trillion in fiscal 2012 to $222 trillion. These are principally
It’s time for power to go back to where it belongs; to the people. With politicians and the business elite making all our decisions for us, we are losing our freedoms each and every day, and our standard of living
Reprinted from GoldMoney Many of us are aware of Professor Laurence Kotlikoff of Boston University’s calculation that the net present value of the US Government’s future liabilities rose by $11 trillion in fiscal 2012 to $222 trillion. These are principally
In its never-ending struggle with responsibility and logic, the U.S. government will soon breach its statutory debt limit. Departing Treasury Secretary Timothy Geithner has warned President Obama that by the end of February, Congress will have to take action or
Reprinted from EconomicReason.com The implications of the US debt crisis is not well understood in most circles, and it is not widely spoken about in the media and in important political debates. The irony is that the US debt is
Despite what is commonly understood, the Canadian banking system is NOT as strong and resilient as most people might assume. According to the World Economic Forum, Canada is ranked #1 in the world for “the most sound banking system in
Back in April, I reviewed a document called the “Financial System Reviewâ€, published semi-annually by the Bank of Canada. Due to the dire warnings contained therein, I thought it necessary to produce a more user-friendly summary of the information the
The 21st century has been one marked by low interest rates and even lower real interest rates. In response to the dot-com crisis of 2001 Western governments embarked on a policy of low interest rates in order to stimulate the
Quebec’s provincial elections took place a few nights ago and Pauline Marois from the Parti-Quebecois (PQ) made history by being the first elected female premier to win. The PQ won 54 out of the 125 provincial seats. What does this
(republished from “A View from the Trenches“, September 2nd, 2012) Click here to read this article in pdf format:Â September 2 2012 Over the past months (and particularly in the last weeks), we have increasingly read negative comments on the ongoing
Dear readers, it’s happened again. The federal government is once again revising its rules on mortgage lenders. The new revisions are mostly a repeat of the changes they made back in January 2011, and that I reported on in a
In a recent Financial Post editorial meeting, Finance Minister Jim Flaherty let slip a statement that hinted at a massive change coming in the housing and mortgage market in Canada: “Over time, I don’t think it’s essential that a government
No sooner does the Canadian penny gets axed, do the establishment chimps start flinging dung at the critics of this move. In the latest from the National Post, anyone criticizing the government’s decision to drop the penny is casually labeled
During the rise of nearly every socialist/fascist regime, one of the ingredients has always been the formation of paramilitary, thuggish organizations that carry out the dirty work of the political leaders. This is necessary to silence dissent and intimidate voters
[Originally posted on mises.org, Tuesday, January 31st, 2012] [Currency Wars: The Making of the Next Global Crisis • By James Rickards • Portfolio, 2011 • 304 pages] The talk is all about jobs, jobs, jobs in Washington and on the
[Originally published on mises.org, Thursday, February 23rd, 2012] The problems of the eurozone are ultimately malinvestments. In Greece these days the struggle continues about who will ultimately foot the bill for these investments. During the early 2000s an expansionary monetary
Finance Minister Jim Flaherty recently urged European finance leaders to get their fiscal houses in order. A lack of fiscal constraint in Europe is breeding problems in far-off places. Canada in particular is apparently exposed to Europe’s debt crisis, if
“These are trying times.” I couldn’t think of a better way to start out a speech focusing on current economic circumstances. But given these words were uttered by a central bank governor, you can be rest assured that the speech
One typically doesn’t look to government bureaucracies to receive hard-nosed, objective discussions on the economy. Far too often official reports are skewed to paint a much rosier picture than what is unfolding in reality. Case in point the repeated denials
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