Email exchange on Economy

Aloha Akbar,

Canada also did not have greedy speculative paper traders who repackaged the toxic subprime assets and sold them to the world markets. Deregulation went too far under the Republicans starting the Clinton years when they controlled the Houses. (See, I shoot at the Republicans too).

firstly, they were allowed to do it. Secondly, someone in the Philippines picked up on it, ... money villar. Thirdly, despite of all evidence to convict, no one goes to jail (except the ponzi scheme greedy Bernie Madoff ... small fry compared to Goldman Sachs toxic packages) . But the US was very quick to convict a Canadian, Lord Conrad Black (some might argue he resigned his citizenship to get a British Lordship, but he was born
Canadian), who founded several companies, gave jobs to hundreds of thousands of Canadian and British nationals and was only his right as a company owner to pay himself unquestionable dividends, but the US declared the payments bordered on fraud yet the Enron top gun and all the Wall Street Goldman
Sucks got out of jail free.

" Please do not use US Quarters".
... I remember not too long ago, the TTC (Toronto Transit Commision) public transportation had to re-design its token ... the previous one was an aluminum the size of the once "new" Philippine one-centavo coin (0.000222067 CAD). The one centavo was same size, weight and dimension of the TTC token.
The same colour too. It's too eerie to be a coincidence. And when TTC counted the tokens, there were plenty of the one centavo coins in the till.
Such ingenuity!

BTW, did you hear?
A major movie studio made a movie about Despicable Me ... yes, finally a movie so despicable it could only be about Me ;-)

... here's the link ... http://www.youtube.com/watch?v=jo9-bcbLn1Q

On Sat, Jun 26, 2010 at 3:59 AM, MrX wrote:

 Brod Me,

Wanna make a quick buck if they have not done it yet? Several years ago when I crossed the border from Canada to Buffalo, NY a lot of the vending machines in the US side had signs,:"Please do not use Canadian Quarters", because they worked and the exchange rate was about 70 Cents US to 100 Cents Canadian.

Nowadays, it is probably the other way around. Get some of those signs printed and sell them to those border stores in Canada : " Please do not use US Quarters". JEjejeje.

Canada escaped the meltdown because their Banks stuck to conservative lending practices and did not have Freddie Mac and Fannie Mae and community organizer like Jesse Jackson and allegedly, a guy named O' putting pressure  on banks to lends money to underqualified people. Then they pressured the banks to use bail-out money to refinance those bad mortgages and the whole thing collapsed again because the owners just could not afford their loans even at the lower renegotiated rate,. These people just were not ready to take on any mortgages!DUH???

Canada also did not have greedy speculative paper traders who repackaged the toxic subprime assets and sold them to the world markets. Deregulation went too far under the Republicans starting the Clinton years when they controlled the Houses. (See, I shoot at the Republicans too).

It also helps that there are only around 30 million Canadians with a wealth of natural resources greater than USA including huge petroleum reserves.
Australia has the same predicament. Vast resources but not enough people to even exploit the same.

With the severe winters Canadians should be breeding like rabbits. Nothing to do in winter but .... all day! Just a side comment! No relation to above.

 --- On *Sat, 6/26/10, Mr.Y *wrote:


Brod Yogs,

No matter how dissappointed you may be with Canada .. heck no, I'm not disappointed with Canada ... I'm disappointed with the current Prime Moron who also disappointed almost every Canadian for having $1.2B for 3-days security bill spent in Toronto. Canada is one of the best if not the best country to live in. It's sometimes the politicians that ruin it and that I cannot take. It's like in the US ... sometimes you don't like the likes of Obama and sometimes you like the likes of Bush (especially the ones you find between the legs of wahines :-).


On Fri, Jun 25, 2010 at 11:39 PM, Mr.X wrote:

Brod Me,

he total US Dollar holdings of China is actually about 3.8 Trillion. The are just IOUs which are* direct indebtedness*. The 3.8 Trillion (from memory, I read somewhere) is in US currency which can also be used to buy anything in USA. China had no choice but to buy the Securities because as far as they are concerned, we are too big to go bankrupt. (Same predicament USA had with AIG!). If they did not shore up our economy they can kiss their 4 trillion total stake in US of A (Or really, almost *US of C* already).

A wise investor would prefer real estate over stocks or bonds so in the long run Americans will be a nation of renters since most of the real estate will be owned by foreigners. And who will stop them from raising the rent all the time?

Think about it! Above is only China. The total US deficit is over 13 trillion and counting according to the National Debt Clock I checked 2 minutes ago. That was *$42,347 Per person* and *$118,713 per taxpayer*! 1.9 Trillion of that whole amount is what O' spent the last 18 months. Think about it, 1.9 of the total Debt was Obama's expenditure. That is *14%* of the total in just 18 months.

Politics aside, you can see where this is all headed. Many taxpayers will just go on welfare or better yet move to Canada!!!!Yeah! !! No matter how dissappointed you may be with Canada, they are rated the best economy. Why do you think they have the G20 there? Canada is the only one who can afford to host it!

Lucky for me, this will not go down during my lifetime but my 2 kids and 2 grandchildred will have to pay for me! Maybe I should move to Canada and bring them with me! Yes!!

You can view the National Debt Clock by just doing a search on Yahoo!