Posts Tagged ‘education’

Yesterday U.S. President Barack Hussein Obama agreed with Canadian Prime Minister Harper that his pre-election platform and promise to voters that the his administration would consider re-negotiating the North American Free Trade Agreement (NAFTA) would not be honoured during his presidency, according to major media outlets.

At a time when the US is reeling with insanely lopsided trade imbalances; at a time when the national debt stands at an astronomical 15 trillion dollars; and at a time when society is destabilized to a breaking point, yet another would be savior politician crushes his electorates’ dreams. Why people expected anything different? Only God and the people who run the show behind the curtains know why for sure.

Obama the Traitor

President Barack Obama wants to work with the leaders of Canada and Mexico to strengthen the North American Free Trade Agreement without renegotiating it, his top trade envoy said.

“The three leaders are all of the mind that we should look for ways to strengthen NAFTA,” U.S. Trade Representative Ron Kirk said Monday. “I think they can be addressed without reopening the agreement” (Detroit News, 2009).

Not only has the Obama administration flopped on his pledge to renegotiate NAFTA, he also received orders from his masters to further alienate the American people by not naming China — the world’s biggest exporter and holder of American debt — a currency manipulator, when in fact they are and have been since 1994 when they pegged their currency to the US dollar until 2005 (and then it became a managed float).

Obama spoke of China’s perfidious practices. He spoke of how NAFTA cost a million jobs. He promised change. And now, with no new facts to justify the switch, Obama has adopted the very positions he attacked. Does this matter? The election is long past. Perhaps it is just naïve to think that politicians will keep their word. This is hardly the idealism that Obama ran on (Foreign Policy, 2009).

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Do you want to learn more about the Obama deception? It is clear that he has pulled the wool over our eyes and lied to the entire world, but mainly the American people. Like all politicians and people who are put into power by a faulty voting system, the real change that is necessary will not come from him.

The Obama Deception is a hard-hitting film that completely destroys the myth that Barack Obama is working for the best interests of the American people.

The Obama phenomenon is a hoax carefully crafted by the captains of the New World Order. He is being pushed as savior in an attempt to con the American people into accepting global slavery.

We have reached a critical juncture in the New World Order’s plans. It’s not about Left or Right: it’s about a One World Government. The international banks plan to loot the people of the United States and turn them into slaves on a Global Plantation.

Covered in this film: who Obama works for, what lies he has told, and his real agenda. If you want to know the facts and cut through all the hype, this is the film for you.

Watch the Obama Deception and learn how:

• Obama is continuing the process of transforming America into something that resembles Nazi Germany, with forced National Service, domestic civilian spies, warrantless wiretaps, the destruction of the Second Amendment, FEMA camps and Martial Law.
• Obama’s handlers are openly announcing the creation of a new Bank of the World that will dominate every nation on earth through carbon taxes and military force.
• International bankers purposefully engineered the worldwide financial meltdown to bankrupt the nations of the planet and bring in World Government.

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• Obama plans to loot the middle class, destroy pensions and federalize the states so that the population is completely dependent on the Central Government.
• The Elite are using Obama to pacify the public so they can usher in the North American Union by stealth, launch a new Cold War and continue the occupation of Iraq and Afghanistan.

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Universities in Ontario are not the place to be to receive quality education, research shows. Indeed, Ontario is the most under funded, most understaffed, and has the most amount of students per teacher ratio in all of Canada. According to a Statistics Canada report released a day after the 1998 “students’ budget,” students are paying more than ever for their university education. After inflation, tuition fees have leapt 62 per cent since the beginning of the decade, while family incomes have dropped by 5 per cent.

Comment from “A born and rised here taxpayer”
Thu, Apr 24, 08 at 09:13 AM
There are no jobs in Canada now for people born and raised here. It is just another example of how our government takes from tax paying Canadians that were born and raised here and gives it to these people that should not be here in the first place. We need to take care of the people here first. I am sick of these people coming over here for a free ride on taxpayers’ money and taking everything from us. I feel sorry for the younger people this country has been taken over by them and has gone to hell!

In 2008, students are expected to shoulder, on average, a 28,000 dollar debt after graduating from a Canadian University. The problem is that Canadian Universities are not available to Canadians because of the Foreign Students from China, and that Canadian Universities are using our tax dollars to fund education in China. This is called “brain drain,” where students come to Canada to take advantage of tax payer subsidized education, and leave to their home countries, often flipping the bill and not paying a cent.

Scholarships: Unfair or a helping hand? By Monica Wolfson. Windsor Star. Friday, April 06, 2007.

The University of Windsor is coming under fire for luring first-year students to campus with lucrative scholarships that administrators know students will forfeit within the first year because they can’t make the grades.

Almost eight in 10 first-year students who received academic entrance scholarships in September lost them by December because they were unable to get an A- average. Three years ago, U of W administrators designed a program to boost enrolment by offering financial incentives to high school graduates.

That’s done, even though officials knew few students would get the money beyond the first four months, according to data and a report obtained by The Windsor Star through the Freedom of Information Act.

“I would characterize this as nothing short of false advertising because the institutions know full well how few students will maintain this scholarship,” said Jesse Greener, Ontario chairwoman of the Canadian Federation of Students. “It’s kind of like getting kids smoking. You need to get them in the door and it’s a captured market after that. People are committed to getting a degree because you have to in this market. The opportunities to reconsider another school after the loss of a scholarship aren’t there” (Windsor Star, 2007).

HENDERSON: A strike of mutual destruction

Asked what steps he would take to turn the university around if he were in charge, the prof said both the faculty and administration would feel the heat.
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For starters, he said, accountability to the students, the reason the university exists, would be foremost. “If you’re not pulling your weight, you are fired. So what if you have tenure? Sorry. You are out.” In reality, said the prof, it’s almost impossible to get fired at U of W. “You probably have to kill somebody.”

He said it’s appalling that the university churns out graduates, weaned on multiple-choice exams marked by computers, who can’t compose a sentence or “think their way out of a wet paper bag.”

Meanwhile, said the prof, the bloated administration could easily be cut by 50 per cent, freeing up large amounts of money. He said it’s ridiculous that some faculties, which used to have a dean and one secretary for 2,000 students, now have as many as a dozen computer-equipped staff supporting a lesser number of students (Windsor Star, 2008).

EDUCATION SERVES ITS PURPOSE

As you’ve gathered by now, education is not intended to uplift and empower. The world is run by a secretive interlocking cartel that controls the education system. Its goal, in the words of one of its founders Cecil Rhodes, is to “gradually absorb the wealth of the world.” Naturally it wishes to obscure the truth. It wants students to be confused and stupid. Professors who don’t play this game are fired.

Ironically most Great Men were bad students or didn’t attend university at all. “If I had my way I’d burn every one of them to the ground,” George Bernard Shaw said. “They stereotype the mind” (Henry Makow, 2003).

Education: Reality 101 in Canadian Universities

Like university presidents across the country, Szathmáry is learning some hard lessons in a highly demanding subject. Some might call it Reality 101. Its prerequisites are a tough skin and a keen eye for the bottom line. Its required assignments are to predict and play the marketplace of ideas, divest the enterprise of weak divisions, and maximize returns to nervous investors. Its instructors? Hard-nosed governments and a student body that has transformed itself from Generation X into Generation Y. Why can’t professors spend more time ensuring that courses are professionally relevant? Why is the focus on expanding the intellect rather than expanding marketable skills? Why don’t four years of hard work and high bills lead more directly to a good career? “It’s pretty simple,” says Trevor Lines, president of the University of Manitoba Students’ Union. “The university has got to learn some priorities. It has to zero in on what it does well, what it doesn’t, and what exactly its tuition-paying clients need to survive in the outside world.”
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In fact, both students and governments are becoming downright dictatorial in their quest to turn the ivory tower into a sleek and efficient employment machine. Slashing budgets, politicians are taking a firm hand in the division of the spoils: diverting scarce resources to vocational training, pressing universities to work more closely with local colleges, dispensing seed money to private-sector educators, and setting aside special funds for universities that produce job-ready graduates or that replace traditional classrooms with high-tech, on-line learning. “There are some who think this will all go away,” says UNIVERSITY OF SASKATCHEWAN president George Ivany. “That’s bullshit. We are witnessing a fundamental reorientation of how we operate, what we offer and who we are” (MacLean’s Magazine, 1996).

Where is the accountability?

In the Ontarian schooling system (in Canada), the Universities, colleges, and post-secondary institutions are empowered under an enabling act and are bound by provisions of different provincial statutes (ie. The Expropriation Act). In addition, because these institutions receive public funds directly in trust (by way of endowments), there are therefore restricted by the rules of accountability. This essentially means they are accountable to the public for demonstrating where the public funds were spent for the goals intended, and to see that it is spent in an efficient and economical manner. However, as all pundits of economics know, and what the economic and historic models show, is that government is not capable of being effective when power is taken away from individuals.

This means that University administrations are supposed to be responsible for the management of the public funds they receive for collective purposes (very broadly for education and research), but who watches the watchers? Supposedly the board of governors serve this function, but the reality of the situation is that this board is largely a controlled aspect of University Chief Executive Officers’ preferences with no real stated process for reporting their effectiveness to taxpayers. Indeed, the MUSH sector (Municipal, Universities, Schools, and Hospitals) does not guarantee public accountability of funds with regards to University effectiveness (or lack thereof). This fact is so credible that even the Ombudsman of Ontario admitted it:

“Ontario has fallen behind in oversight of non-governmental organizations providing critical public services referred to as the “MUSH” sector – municipalities (except for the ability to investigate complaints about closed meetings in some cases), universities, school boards, hospitals, nursing homes and long-term care facilities, police, and children’s aid societies (Ombudsman, Ontario, 2008)

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It looks like students, home owners, business lenders, and the general population who loan money from banks and other institutions are not the only ones getting the monetary shaft these days. Indeed, students pay exorbitant loan fees and interest rates just in an attempt to compete with others both in their local economy but also in countries where educations are state subsidized and the eventual graduate sometimes immigrates to the latter student’s local economy to compete for the same jobs. Given many new immigrants are coming from minority status countries, guess who gets the job first?

International debt is a new form of slavery through which the rich nations enslave the poor with money that can never be paid back.
When countries in poverty owe large amounts of money to wealthy nations, it’s the poorest people who suffer the worst impact. The burden of debt leaves their governments precious little to improve the lives of their citizens.
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Debt becomes a trap they can’t get out of.

It’s a new kind of slavery that robs people’s control over their own futures.

Yet when a poor country’s debt is cancelled, it provides a great opportunity to improve the lives of millions of people. Let’s look at some compelling reasons why we should drop the debt.

Debt costs lives

In the world’s poorest countries, the majority of their people have no access to basics like clean water, adequate housing, healthcare and education. In spite of that, these countries must pay debt service to wealthy nations and institutions, at the expense of providing vital services to their citizens.

Consider this: Between $10 billion and $15 billion is needed a year to turn around the AIDS crisis in Africa that claims 7,000 lives a day. Almost $15 billion is paid in debt service by sub-Saharan Africa to wealthy nations and institutions every year. Where do you reckon the money should go instead?

At school in Tanzania

In 2001, Tanzania received a partial debt write-off of over $2 billion. With the money it saved, the Tanzanian government abolished school fees for primary education. Enrolment increased by 50% between 2002 and 2003. An extra 1,000 schools were built. Hundreds more teachers were trained. Books and learning materials were provided. Amazingly, around 1.6 million children were able to go to school for the first time.

Cancellation delivers results

Startling results can be achieved from even small amounts of debt relief. In Uganda, school enrolment has more than doubled. In Mozambique, it meant immunisation for 500,000 children. In Honduras, three more years of schooling can be provided.
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Paid back, and back, and back

These nations have already paid back their debts ? several times over. Skyrocketing interest rates and compound interest inflate the amount and make repayment impossible.
Example: Nigeria borrowed $5 billion, paid back $16 billion to date but still owes a shocking $32 billion.

Makes foreign aid more effective

Foreign aid like that from Australia frees up money for poor countries to pay their debts to other wealthy nations and institutions. Between 1990 and 1997, developing countries actually paid more in debt service than they received in aid. If debts are cancelled, aid can be used more effectively in reducing poverty and ultimately lessen these countries? dependence on aid.

Join in to drop the debt

Without debt relief, poor countries will never be able to repay all their debts. Is there anything that ordinary people can do about it?

Yes! Millions of people around the world have joined the Jubilee ?Drop the Debt? campaign to ?drop?, or cancel 100% of the debt owed by the poorest countries.

When these countries no longer have to spend all their money paying back debt and high interest charges, they can provide much-needed services like clean water, sanitation, health and education for their citizens.

Source: Jubilee Campaign Australia

House prices are falling and too many homeowners are discovering that
the value of their home is less than the amount owing on the mortgage. Unemployment numbers are going up and estimates are that the rates for 2009 will spike beyond 8%.

Personal and business bankruptcies are surging with approximately
88,000 bankruptcies in Canada in 2008 and many more expected in 2009. Too many fellow-Canadians are experiencing serious financial troubles because of the downturn in the manufacturing and financial sectors of our economy. Why??

As we ponder the ?why? answer, it is worthy of note that the number
one cause of these critical and depressing financial troubles facing
individuals, families and small to medium-sized businesses is the
growth of credit card debt due to the malfunction of usury. All
debtors/borrowers are servants to creditors/lenders and are therefore
victims of the modern tyranny of usury-banking practices.

Usurers commonly reduce oppressed borrowers (individuals, businesses,
governments) to beggars. And for lack of knowledge, and because they too, are saddled with usury-bearing debts our fellow-citizens – the police, lawyers, judges and court staff – enforce the usury contracts and unknowingly become servants to their masters – the same greedy usurers.

Is the vice of greed a factor in what is currently happening in our
orthodox financial system of usury-based, debt money? Is the virtue of
giving a factor in the growth and expansion of the usuryfree community currency movement? And is usuryfree living not only a possibility but a real probability in this 21st Century? Let’s explore some facts as we seek answers to these timely questions.
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To understand the difference between living with usury and
usuryfree living, one must first be re-educated on a couple of key
definitions. Let’s start with the word – interest. Interest ought
to be correctly defined as usury and this definition can be
confirmed by many significant supporting statements from all of the
Holy Books.

For example, the Bible has many verses that absolutely forbid the
charging/exacting of usury on money. In summary, meticulous research
reveals that any percentage of interest on money above zero percent
is correclty defined as usury. Likewise, the Koran has similar
verses regarding the forbidding the curse of usury.

Additional support for the correct definition of interest is offered
by any of those few pioneering Socreds who are still alive in this
21st Century. One elder Socred is rumoured to have made these two wise statements about interest otherwise known to him as usury – (a)
Interest or usury is theft. and (b) Remember this, money cannot
have babies.

My observation is that debtors are enslaved financially because they
are paying usury to their creditors – who are knowingly or
unknowingly motivated by the vice of greed. To live without paying
usury is noteworthy, BUT usuryfree living cannot be fully experienced
until all of us are freed from usury – that means that we neither pay
no usury nor do we receive any usury from our so-called savings.

Usuryfree creatives is another phrase that requires a definition.
Usuryfree creatives are often considered to be a sub-group in the
larger, well known group known as cultural creatives. Any search
engine will provide sources for a detailed explanation of cultural
creatives.

Usuryfree creatives who are fully aware of the truth about modern
money creation seek to experience the reality of usuryfree living and
commonly enage in barter/trade using one or more of the growing number of usuryfree community currencies. Usuryfree creatives have learned that they can create and spend their own community currency which is free of interest or usury.

Usuryfree creatives commonly use these usuryfree community currencies as a complement with diminishing amounts of usury-based debt money which exists as computer blips on credit cards or debit cards or in cheques or paper notes of federal cash. Does anyone else sense an agenda by the PTB’s (Powers That Be) to take away these paper notes of federal cash so that every negotiated exchange is tracked by Big Brother’s invasive computer system?

Research reveals that the vice of greed is directly associated with
the design flaw of usury in our orthodox system of debt-based money.
Indeed, there is much evidence of an abundance of greed in the
conventional, but floundering financial marketplace.

My observation is that this ugly vice of greed is driven by the
constant and ever-present shortage of money which is direclty caused
by the element of usury. Close examination suggests that both
currently and historically, usury is the direct and/or indirect cause
violence, wars, poverty, scarcity and lack – locally, nationally and
internationally.

The unnatural and man-made function of usury is not only a design flaw in our orthodox system of debt money, but also an evil and immoral element that feeds this vice of greed while legally permitting
creditors (bankers) to steal wealth (money and property) from enslaved debtors who for lack of knowledge keep signing impossible loan and mortgage contracts created by the greedy creditors.

To eliminate usury and experience the reality of usuryfree living is
an honoured goal pursued by usuryfree creatives as we progress into
this 21st Century. Usuryfree creatives are likely to practice the
virtue of giving or gifting as they experience peace, abundace and
prosperity as a by-product of usuryfree living. Evidence suggests that
there is a shift in the thinking of those usuryfree creatives who
grasp the simple detail that there is no need to hoard any currency
that bears no usury – so they willingly share their abundance with
those who lack.

As this current economic crisis deepens to a Grand-daddy Depression
that will make the 1929 Economic Crash look like a Sunday picnic, the
teaching and practice of usuryfree living is being promoted by
usuryfree creatives not only as a likely possibility, but also as a
distinct probablity.
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Most creditors (usurers) are not likely to be fully aware that they
can directly and/or indirectly referred to as practitioners of the
vice of greed. Neither are debtors aware of how they are victims in
this modern but cruel world of usury-based, debt finance (money). This
lack of knowledge by both creditors and debtors can be attributed to
the failings of formal education as well as the mainstream print and
electronic media. Whether this malfuntion in our formal education
system is by design or by accident is left for the reader to decide.

During the latter years of the 20th Century when the internet was in
its birthing process, many diligent ands meticulous researchers began
to effectively network their knowledge through email, news groups,
blogs and websites. As the design flaw of usury is being exposed for
the killer machine that it is, more and more re-educated individuals
are proudly defining themselves as usuryfree creatives.

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Usuryfree creatives organized the first UsuryFree Day (November 13th)
and UsuryFree Week (November 13th to 19th) in 2004 to celebrate and
foster the concept of usuryfree living. Each year, during UsuryFree
Week seminars and workshops are held in living rooms, community
centres, church basements, school auditoriums, hotel rooms etc.

During UsuryFree Week participants learn the difference between
living with usury and usuryfree living. Currently, events are
being planned to celebrate the Fifth Annual UsuryFree Day/Week from
November 13th to 19th, 2009.

Brought to you by EconoChristian.com but written by Tom Kennedy. You can read the rest of the article here.

Given the fact that manufacturing jobs and industries account for only one fifth (1/5th) of economic output of countries in the OECD, it is important to realize potential impacts this shift from tangible output driven economies to a more service oriented one, and the pundits’ chants that it is an advantageous phenomenon. Some questions to consider are: is the contraction of manufacturing in developed economies a result of so called manurity in economies or is it that the forced of globalization, speerheaded by government trumping corporations in search of cheap labor?
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Economists and gullible financial analysts, not to mention mentally disabled laymen touting the end of manufacturing as good thing, miss some central points concerning losing manufacturing:

The key fact is that manufacturing is the back bone of an economy because this sector is the one which actually produces tangible items. Some might say that intangible items like financial services, computer programs, and the like are products, but the reality of the situation is that these activities can be done almost anywhere in the world by anyone. What will stop these industries from fleeing just as manufacturing did? Indeed, they would flee even faster due to their nebulous nature. We have seen are only in the infant stages of the off shoring phemonenon of industries such as financial services and computer programming by large multi national companies.

Pundits will gather that this is the natural occurance of economies in that it drifts from an industrial boom to a post-industrial, so called information age and transforms into a mainly service sector based economy based on research, development, and management, but this is the theory that the economists push on behest of government to brainwash populations into accepting their fate of accepting lower wages, lower job security (if at all), and reduced spending.
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Let us explore this theory and implementation of this paradigm for a short while. Post-industrial really doesn’t mean “after industry”, it just really signifies the new industries that have come into being along side of traditional factory production. These new industries are computer technology, telecommunications, media and information processing (to name a few. Try and think of some more). These industries function unlike traditional industrial industries (auto, machine, building, textile, etc) because:

• a) their product is different (ie, non-tangible goods and services)
• b) some of the post-industrial professions involve more educated workers (white-collar as opposed to blue-collar) and
• c) production can take place in a number of different places (ie, not in a factory).

The problem Westerners and industrialized countries have is that the economists and political pundits hired by their respective governments have slowly but surely been brainwashing the financial, economic, and general population and trying to sell them on the idea that the next phase of an industrial economy is the incremental loss of manufacturing industries because “this is the way” as if it were some biblical law.
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Indeed, economics has become a religion into its own with paradigms such as so called “free trade” being pushed down peoples’ throats when in fact this idea is a fiction because all trade agreement are managed unless what you were aiming for was world government, and it just so happens this is what the politicians have been instructed to do.

Straight from the horse’s mouth, the International Montary Fund describes this phenomenon: During the past 25 years, employment in manufacturing as a share of total employment has fallen dramatically in the world’s most advanced economies, a phenomenon widely referred to as “deindustrialization.” The trend, particularly evident in the United States and Europe, is also apparent in Japan and has been observed most recently in the Four Tiger economies of East Asia (Hong Kong, China, Korea, Singapore, and Taiwan Province of China). Not surprisingly, deindustrialization has caused considerable concern in the affected economies and has given rise to a vigorous debate about its causes and likely implications.

The real cause of deindustrialization is corporations’ constant attempts to find the cheapest possible labor and price, but at what cost? The Western world has some of the highest and stricted labor, environmental, and health regulations in the world which provides safe, healthy, and reliable products.

While the contraction of manufacturing employment has often been compared to that of agriculture, it does not apepar that non-homothetic preferences hahve played a similarly important role in deindustrialization. Indeed, if services are “superior” goods, then consumers would increase their relative demand for services as per capita incomes increase. This would in turn cause a decline in output and employment in the manufacturing sector.

There is, however, little evidence that shifts in the pattern of expenditures between services and manufacturing can explain the secular shift of employment out of manufacturing into services (Saeger, 1997).

However, corporations and governments really do not care about any of these three pillars of human dignity, therefore seek out the cheapest possible price to make the quickest buck. This is not a long term, sustainable relationship, but an extremely chaotic one with the ultimate goal of world government. While this may seem an unbelievable statement, if you were to realize that if all governments were eliminated, there wouldn’t be a need for things like tariffs and taxes or borders to regulate trade and commerce, but this is a fiction in an ideal world. What the powerful policy makers of the planet wish to do is create a one world government controlled by themselves as demonstrated by Dr. John Coleman:

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What Jesus Had to say about deindustrialization:

James 5:1-6, Go to now, ye rich men, weep and howl for your miseries that shall come upon you.

Your riches are corrupted, and your garments are motheaten.

Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.

Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth.

Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter.

Ye have condemned and killed the just; and he doth not resist you.

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You can download a very interesting e-book here that explains the phenomenon of globalization, the loss of manufacturing in developed economies, and the results these effects have on the socio economic dynamics in these victimized countries.

Written by EconoChristian.com

If there was ever a maxim that lived throughout the ages of investing, sticking with “what everyone needs” certainly rings true today as it did 1000 years ago. That is, what “everyone needs” is basic necessities such as housing, food, clothing, healthcare products, and such items that people cannot live without for more than a few days. In economics we call this kind of item “demand inelastic,” which means that the demand for these kinds of items remains relatively the same as income decreases or increases compared to other items like cars, computers, and other luxury items like televisions and so on.
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The problem the US and Canada are facing is that a large portion of their manufacturing base has been off shored or sent to other countries in the past 20 to 30 years as so called trade agreements such as NAFTA, World Trade Organization, and other so called free trade instruments have been established which gave companies incentive to send middle class jobs to other countries which effectively stripped the parent coutnries of their bread and butter jobs, which eliminated or significantly reduced the spending power of the middle class.

Countries like Japan have, since the 70s to 1980s, pegged their currency to the dollar to take advantage of the manufacturing sector which gave incentive to US and Canadian producers to relocate to Japan or to allow more imports from Japan to be dumped into the US. Now we have a different problem: China, Mexico, Thailand, and Vietnam, but mainly China and its huge population base, extremely low standards, and manipulated currency.
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Since it is predicted that a large portion of the manfuacturing industry we have offshored in the past 20-30 years will return probable best way to attack this is to go back to Standard &Poor’s sector data for the time. However, it won’t be a very fine analysis as it would likely miss emerging industries. It is known that electronics were hot investments as the 1930s wore on– particularly radio, which was state-of-the-art at the time. Zenith Radio emerged as a leading producer: its stock languished until 1935 when it went from the range of 2-2 5/8 at the beginning of the year to 13 1/2 at the end of the year.

Many items, including stocks, reached a historic low in the early 30s.
Some never recovered, but others doubled from their low before the end of the thirties. Therefore we could be in a good buying position later this year, but it is assumed that large increases are unlikely from today’s position. Selling short would be smart before a crash later this year, but there is a fair chance weak prosparity will continue several more years, resulting in large losses for short sellers. So many things have changed since the 30s, and it is thought we won’t learn much, except that a disasterous crash is possible.
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Precious metals are where you can NEVER go wrong since Canada has a large reserve of natural minerals, metals, elements such as uranium and paladium used in nuclear reactors and catalytic converts, respectively (not to mention other uses). Specifically, food and food production is pegged to become the next “big thing” in the United States as the world’s producer of food, or so the prediction goes.

In mainstream economics, the theory is that the primary sector is agriculture from where the development cycle begins for any country. After that comes the secondary sector (manufacturing) and then the tertiary one (services). USA is now sitting at the tertiary sector at the top of this value chain and China seems to be enjoying its manufacturing status. India just jumped from primary to tertiary because of its’ hopping on the information technology bandwagon.

For the ultra safe, conservative types of portfolios, the best bets would be to invest in essential metals like gold, silver, copper, and paladium because these metals will always be in need and will likely raise in price as the world consumes more of the latter two metals. Indeed, copper and paladium are increasingly being used in electronics and other modern applications.

Written by EconoChristian.com

Given the fact that manufacturing jobs and industries account for only one fifth (1/5th) of economic output of countries in the OECD, it is important to realize potential impacts this shift from tangible output driven economies to a more service oriented one, and the pundits’ chants that it is an advantageous phenomenon. Some questions to consider are: is the contraction of manufacturing in developed economies a result of so called maturity in economies or is it that the forced of globalization, speerheaded by government trumping corporations in search of cheap labor?

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Working & Middle Classes to be extinct in 10 years

8th November 2004

News article filed by Lee Barnes, LLB (Hons)

Within ten years the entire unskilled working class workforce of Britain will be made redundant by cheap foreign labour and the middle class will be decimated as their jobs are off-shored. Digby Jones, the director-general of the CBI the body for big business in Britain, will tell the annual CBI conference in Birmingham: “There will not be any work in Britain for unskilled people . . . within one scholastic generation.” He will say the 3.5 million people who are functionally illiterate in the UK will find it impossible to get work within 10 years.
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In a survey of 150 British companies, which employ 750,000 people between them, 51 per cent said cheaper foreign labour costs meant they are considering moving their jobs abroad. So much for the patriotism of the British capitalist elite! From Doc Martens Boots to Dyson’s Vacuums- the entire British economy is being shipped abroad.

Entire middle class extinction

The CBI says the phenomenon of moving jobs abroad has become so easy and profitable for business that it has spread from the largely unskilled manufacturing sector in Britain through to financial services and IT. The entire middle class of Britain from office secretaries, architects, accountants, computer specialists to middle managers will become extinct within ten years.

Ian McCafferty, the CBI’s chief economist, says call centres – the most significant example of outsourcing – accounted for only 14 per cent of jobs moved abroad. “That is well behind other services.” India and China remain the most popular places for exporting jobs, with Eastern European countries becoming increasingly attractive. In other words all the jobs in Britain that can be done by sending data down the internet to India or China will be finished in Britain in less than a generation.
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Catalogue of betrayal

“I have formed the view that if ever there was a country made for globalisation, it is Britain. It is in our DNA,” Mr Jones will say in a trite mixed metaphor. Mr.Digby seems to think that making money for a tiny percentage of global capitalists, and not protecting the social interests of our own people, should be the primary goal of the British economy. What he is suggesting is that because the British state has under-invested in educating its own indigenous workforce for generations (which is why we have so many cheap foreign nurses in the country) that the destruction of British industry is something to be applauded.

He is the voice of the ‘Cheap Labour’ greed driven capitalists that first imported millions of cheap immigrant labour into Britain and he is member of the global capitalist elite which fund groups like Searchlight and Unite Against Fascism to lie to the British people to ensure the BNP does not come to power as a party of national liberation. They call the BNP ‘racists’ for standing up for the economic and social interests of the indigenous British people whilst at the same time selling out the immigrant workforce that they once imported into the country by exporting jobs back to their homelands! One thing is for sure the plans of the British capitalist elite should ensure that many of the immigrants that came to Britain in search of work will now be considering returning to their own countries as no work will be left for anyone in this country in the future.

Protectionism condemned

“Protectionist voices who think they can stop this – that’s cloud cuckoo land,” he will tell the conference, which will be attended by Gordon Brown, the Chancellor, and Peter Mandelson, the European Trade Commissioner – both willing participants in the prolonged ritual slaughter of the British workforce as a sacrifice to Mammon. They will both be clapping effeminately as the murder of the British working class is celebrated by the British ‘ globalist plutocratic elite ‘.

“Ensuring people have the skills remains our problem. You have nothing to fear if you skill yourself “- he intends to say. Well we say to the pompous Mr. Digby Jones that self advancement, of course, depends upon having a government that wants to educate its own workforce to a sufficient level of skill. The globalist agenda of the Labour government and the billions of pounds it is pouring into the War in Iraq means this investment in education will not, and cannot, occur.

At no time in history have the British people faced so many dangers at the same time. From the treason of its business leaders selling them out for Dollars, Rupees and Yen to the Global economy and our Labour government waging illegal wars for the American – Zionist elite of Bush and the Neo-Conservatives. Everywhere the age of degeneration and destruction manifests itself.
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Clear and simple choice

The British people have a clear and simple choice. You either become one of the globalised masses with your children sold as slaves to the ‘ Global Plutocratic Elite ‘ or you wake up and fight to take back your own country and your children’s future. Unless you wake up you will never be free again – simply remaining a commodity to be exploited. Unless you wake up your children will have no future – only an existence as perpetual wage slaves. You will have betrayed your ancestors with your silence and apathy.

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When the fall of this Globalist system occurs we will be prepared for the challenge. But we say this, right here and right now, that those that stand against us now will be judged by us when the time comes. Either stand with us or stand aside. The masses are too mired in their own greed and stupidity to care either way. This is a battle of wills between the forces of renaissance and renewal represented by the BNP and the forces of decay and entropy represented by the current Globalist political and economic elite. Our will is the noble determination of our ancestors that stood fast at Trafalgar , Waterloo, the Somme and through the Blitz – the will of our enemies is the lust of the parasite to drain the lifeblood of nations to enrich themselves.

They will fail – we will triumph.

In an addendum to previous posts regarding China switching currencies, it looks like it is going to happen sooner than later. Indeed, China has proposed using copper as their hard currency to dump from the dollar’s instability. Frightened by run away dollar debts, increasing trade deficits partially caused by Chinese devaluation and manipulation of its economy and currency, and the financial crisis occuring in the United States, is making the Chinese government think twice about accepting anymore dollars.

It looks terribly bad for the US dollar as the hegemon of the world financial system these days as five countries plan to ditch the dollar in favor of more stable choices. As we’ve all seen in the last few years, the US dollar has been more unstable than a Christian drunk on one too many alcoholic beverages. God commands Christians to avoid drunkenness (Ephesians 5:18). The Bible also condemns drunkenness and its effects (Proverbs 23:29-35).
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Christians are also commanded to not allow their bodies to be “mastered” by anything (1 Corinthians 6:12; 2 Peter 2:19). It is obvious the world has become addicted to cheap oil, and since we know the US dollar is traded in oil, such a relationship can not be sustained for such a long time with countries like Iraq, Iran, and China wanting to trade oil in other currencies from other superblocks like the Eurozone’s “Euro” currency released in 1999.

By Ambrose Evans-Pritchard
Last Updated: 2:41PM BST 16 Apr 2009

China’s State Reserves Bureau (SRB) has instead been buying copper and other industrial metals over recent months on a scale that appears to go beyond the usual rebuilding of stocks for commercial reasons.

Nobu Su, head of Taiwan’s TMT group, which ships commodities to China, said Beijing is trying to extricate itself from dollar dependency as fast as it can.

“China has woken up. The West is a black hole with all this money being printed. The Chinese are buying raw materials because it is a much better way to use their $1.9 trillion of reserves. They get ten times the impact, and can cover their infrastructure for 50 years.”

“The next industrial revolution is going to be led by hybrid cars, and that needs copper. You can see the subtle way that China is moving into 30 or 40 countries with resources,” he said.

The SRB has also been accumulating aluminium, zinc, nickel, and rarer metals such as titanium, indium (thin-film technology), rhodium (catalytic converters) and praseodymium (glass).

While it makes sense for China to take advantage of last year’s commodity crash to restock cheaply, there is clearly more behind the move. “They are definitely buying metals to diversify out of US Treasuries and dollar holdings,” said Jim Lennon, head of commodities at Macquarie Bank.
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John Reade, metals chief at UBS, said Beijing may have a made strategic decision to stockpile metal as an alternative to foreign bonds. “We’re very surprised by Chinese demand. They are buying much more copper than they will need this year. If this is strategic, there may be no effective limit on the purchases as China’s pockets are deep.”
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Zhou Xiaochuan, the central bank governor, piqued the interest of metal buffs last month by calling for a world currency modelled on the “Bancor”, floated by John Maynard Keynes at Bretton Woods in 1944.

The Bancor was to be anchored on 30 commodities – a broader base than the Gold Standard, which had caused so much grief in the 1930s. Mr Zhou said such a currency would prevent the sort of “credit-based” excess that has brought the global finance to its knees.

If his thoughts reflect Communist Party thinking, it would explain the bizarre moves in commodity markets over recent weeks. Copper prices have surged 49pc this year to $4,925 a tonne despite estimates by the CRU copper group that world demand will fall 15pc to 20pc this year as construction wilts.

Analysts say “short covering” by funds betting on price falls has played a role. But the jump is largely due to Chinese imports, which reached a record 329,000 tonnes in February, and a further 375,000 tonnes in March. Chinese industrial demand cannot explain this. China has been badly hit by global recession. Its exports – almost half GDP – fell 17pc in March.
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While Beijing’s fiscal stimulus package and credit expansion has helped lift demand, China faces a property downturn of its own. One government adviser warned this week that house prices could fall 50pc.

One thing is clear: Beijing suspects that the US Federal Reserve is engineering a covert default on America’s debt by printing money. Premier Wen Jiabao issued a blunt warning last month that China was tiring of US bonds. “We have lent a huge amount of money to the US, so of course we are concerned about the safety of our assets,” he said.

This is slightly disingenuous. China has the world’s largest reserves – $1.95 trillion, mostly in dollars – because it has been holding down the yuan to boost exports. This mercantilist strategy has reached its limits.

The beauty of recycling China’s surplus into metals instead of US bonds is that it kills so many birds with one stone: it stops the yuan rising, without provoking complaints of currency manipulation by Washington; metals are easily stored in warehouses, unlike oil; the holdings are likely to rise in value over time since the earth’s crust is gradually depleting its accessible ores. Above all, such a policy safeguards China’s industrial revolution, while the West may one day face a supply crisis.

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Beijing may yet buy gold as well, although it has not done so yet. The gold share of reserves has fallen to 1pc, far below the historic norm in Asia. But if a metal-based currency ever emerges to end the reign of fiat paper, it is just as likely to be a “Copper Standard” as a “Gold Standard”.

Brought to you by EconoChristian.com with help from Telegraph.

It seems politicians are lying or being glib on their knowledge of economics: Liberal Leader Michael Ignatieff told a gathering of southern Ontario business leaders on Tuesday (April 14, 2009) that taxes would have to be raised to combat a growing national debt, local media reported. According to The Record, he responded by saying that to rein in the country’s $480 billion debt, a tax hike might be necessary in the future (Windsor Star, 2009).

Canada Tax Facts:

Taxes already confiscate 45 per cent of Canadian income. The government never point out that average working people pay even more. Smokers and drinkers probably lose 75 per cent of their earnings to taxes. CTF, 2009

According to the OECD, total government revenues for 2004–federal, provincial, and municipal–will be 41.3% of GDP, down from a peak of 44.5% of GDP in 1997 and 1998. This means that Tax Freedom Day is May 30 (since 41.3% of 366 is 151 days into the year.)

What do Canadian Taxes Pay for?

There’s a summary of all government spending for 2003 on the Statistics Canada website, broken down into categories.

To try to make them more comprehensible, I’ve translated them into per-capita numbers, based on a population of 31,629,700 in 2003. A billion dollars is about $30 per capita.

Roughly speaking, out of $15,000 in total spending per capita, there’s $5000 for social services, $5000 for health and education, and $5000 for everything else, including $1500 for interest on the debt and $1200 for protection of persons and property (meaning military, police, legal system, firefighting). Here’s the detailed breakdown.

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Given all of this, if you want to create jobs in an economy, dumping huge amounts of tax-payer cash benefits no one because it is just shifting dollars from one area to another without creating wealth. The “trickle-down” idea only applies to real economics like manufacturing and building; something Canada has had little of these past 30 years, but the end does not justify the means. Remember, however, that manufacturing was still doing well in 2000 and 2001. Since 2003, however, the decline in Canadian manufacturing employment has been the second worst of our peers (the U.K. has experienced more job losses) (PE, 2009).

The myth that governments’ using taxpayer funds is one of the only ways to stimulate private economic growth is rubbish. It was the ineffective hand of government (in collaboration with mega-business) that started the mess with the credit, automobile, wars, and just about any other crisis you can think of. Indeed, when the Conservatives were elected, they promised to do business differently. No more cronyism, no more backroom deals with party hacks. They were going to clean up Ottawa.When the federal government was patting itself on the back last month on the anniversary of the passage of the Federal Accountability Act, it failed to mention that two key components – the appointments commission and the lobbying provisions – have not been implemented.

“The lack of a public appointments commission seriously undermines any credibility that Mr. Harper is serious about cleaning up how business is done in Ottawa,” said New Democrat MPP Charlie Angus (Timmins-James Bay) (TheStar.com, 2008).

However, critics say Prime Minister Stephen Harper’s government has appointed hundreds of people with Conservative ties – the kind of cronyism the Conservatives and their predecessors used to howl about.

Where does the money come from?

The government sees that for every dollar injected into the economy it must first be taxed or borrowed out of the economy. Thus, government spending only redistributes already-existing money which otherwise could have been created by a healthy manfacturing sector. Under President Obama’s “stimulus” plan, jobs will be created to weatherize buildings, construct schools and wind turbines, and repair roads and bridges. But outside the market process, there is no way to know whether those are better uses of scarce capital than whatever would have been produced had it been left in the private economy. Since government services are paid for through the compulsion of taxes, they have no market price. But without market prices, we have no way of knowing the importance that free people would place on those services versus other things they want (Creator’s Syndicate, 2009).

We need to invest in green industry, but the problem we face is unfair competition allowed under the auspices of the WTO; so the hope of making Windsor a green corridor is a pipe dream until countries like China and Korea open their markets. Only then can we have a real green revolution.

When are people going to do their homework and take a stand?

EconoChristian.com

Tue Apr 14 2009 08:44:54 ET

AUSTIN – Gov. Rick Perry joined state Rep. Brandon Creighton and sponsors of House Concurrent Resolution (HCR) 50 in support of states’ rights under the 10th Amendment to the U.S. Constitution.

“I believe that our federal government has become oppressive in its size, its intrusion into the lives of our citizens, and its interference with the affairs of our state,” Gov. Perry said. “That is why I am here today to express my unwavering support for efforts all across our country to reaffirm the states’ rights affirmed by the Tenth Amendment to the U.S. Constitution. I believe that returning to the letter and spirit of the U.S. Constitution and its essential 10th Amendment will free our state from undue regulations, and ultimately strengthen our Union.”

Perry continued: “Millions of Texans are tired of Washington, DC trying to come down here to tell us how to run Texas.”

A number of recent federal proposals are not within the scope of the federal government’s constitutionally designated powers and impede the states’ right to govern themselves. HCR 50 affirms that Texas claims sovereignty under the 10th Amendment over all powers not otherwise granted to the federal government.

It also designates that all compulsory federal legislation that requires states to comply under threat of civil or criminal penalties, or that requires states to pass legislation or lose federal funding, be prohibited or repealed.

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Canadian Government Continuously Growing in Size

In the middle of a major world economic downturn with millions poised to lose their jobs and way of life, while government bureaucrats, politicians, staff and the like enjoy and maintain a high standard of living through bonus payments, larger than inflation annual salaries and allowances, etc. All this at the expense of the over burdened Canadian tax payer.

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Is this fair? Perhaps governments should “feel the pain” with the rest of the poplulation. Perhaps some “down-sizing” in government departments is appropriate.

With roughly 1 in 5 Canadians working for various levels of government, public service size should be seriously reduced in numbers. It is recommended that some new legislation should be passed in Parliament, Queen’s Park and City Halls that defines some “limits” as to the “size & numbers employed” at all levels of government (TVO.org, 2009).