Posts Tagged ‘money’

The recent spread of the potentially pandemic swine flu discovered in Mexico that spread across the world in the past few days could give world governments the ammunition they need to further increase already heightened levels of government intervention in already severely disrupted economic systems caused by the faulty monetary and financial system.

Governments might, in the short run, have an easy alibi to curtail so called free trade flows and other measures which are the last lifeline of the economy and could further degrade slumping trade between countries. Giving credence to the often used mantra that “governments should never waste a good crisis,” this swine flu, the so called war on terror, and the economic and financial collapses certainly give governments an excuse to “use crises to further their agendas.”

The World health organization, an arm of the “unholy trio” of the World Bank, International Monetary fund,. And the World trade organization, has already pushed its doctors to warn governments to contain the spread of this deadly new swine flu that has already claimed the lives of more than 100 people in Mexico and spread to many other countries of the world courtesy of fast human transportation systems.
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World economic markets have already reacted erratically to this news of a potentially new pandemic, and some politicians have already called for closing of borders to stem the spread of it. Rep. Eric Massa (D-N.Y.) said the border should be closed until the threat is resolved. “The public needs to be aware of the serious threat of swine flu, and we need to close our borders to Mexico immediately and completely until this is resolved,” Massa said in a statement (The Hill, 2009).

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The problem here is that markets have not had an overly negative reaction to this new swine flu, but if government intervention becomes increased, and likely will, it may cause markets to adverse extremely negatively due to the big hand of government stepping in to destroy markets further than they already have since the economic crisis and the government central bank interventions around the world.

Indeed, public debt has increased exponentially in many countries after all of the easy public money that was dumped into dying markets and companies. Japan had a similar problem in the early 1990s where the government intervened and created “zombie companies” that never recovered.

Also, if we were to see an increase in the severity of this new swine flu, and if it were to increase to a pandemic, analysts say this would cause a repeat of some of the government intrusions that worried many investors last year. From the introduction of controls to contain capital leaving countries, to the nationalizing of banks in the US and the fall of many previously stable companies, we are seeing some nasty government intervention indeed. The swine flu’s economic impact has already been felt in mexico where they saw their peso drop 3 per cent on Monday.
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John Raines, deputy director of political risk at London-based consultancy Exclusive Analysis, said even if swine flu was controlled and no more destructive than the SARS outbreak, it would likely further hit trade particularly in agricultural products.

“At the very least, I would expect them to use it as a way of supporting their domestic pork industries,” he said. “Trade is always the first to go and it is an easy excuse for protectionist measures. But if it became a true pandemic, affecting millions, then all bets are off.”

However, trade restrictions prompted by public health emergencies like the swine flu outbreak are permitted under international law, if they are only maintained as long as necessary, White & Case law partner Brendan McGivern said.

Totally unexpected “black swan” events such as the outbreak of the First World War — when investors suddenly had to adapt to the prospect of global conflict in a matter of weeks — have sometimes prompted draconian intervention and have had a seismic economic impact (Alertnet, 2009).
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Could Plagues Be God’s Punishment?

The Plagues of Egypt (Hebrew: ???? ?????, Makot Mitzrayim), the Biblical Plagues or the Ten Plagues (Hebrew: ??? ?????, Eser Ha-Makot) are the ten calamities imposed upon Egypt by God in the Bible (as recounted in the book of Exodus, chapters 7 – 12), in order to convince Pharaoh to let the poorly treated Israelite slaves go. The Plagues of Egypt are recognized by Jews, Christians, and Muslims.

Could the decadence and immorality of the world finally be at a breaking point; so much that plagues and various other so called natural disasters could be on their way to destroy humanity. Indeed, the 10 plagues were not just punishment to the Egyptians. He uses plagues to chasten and discipline people for their disobedience and faithlessness. This is what has happened to the world today.

Indeed, it was Dr. Henry Kissinger who wrote: “Depopulation should be the highest priority of U.S. foreign policy towards the Third World.” “Dr. Henry Kissinger proposed in his memorandum to the NSC that “depopulation should be the highest priority of U.S. foreign policy towards the Third World” (Rense, 2004)

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Will Pandemic Protectionism Kill Off Globalization?

Protectionism is rapidly replacing free trade as the political, if not the economic, orthodoxy. Lord George Bentinck would have loved it (Dizzy was only along for the ride during the Corn Laws debacle, as his subsequent embrace of free trade demonstrated). Globalisation is in retreat. Recessions do funny things like that; and it gets worse as it deepens into full-blown depression, as this crisis will do.

Globalisation has failed. The chief reason for this failure is not the current recession – that is only the occasion – but the neglect of governments around the world to respond to it fiscally and culturally. Now it is too late. Every time demonstrators against foreign contractors appear at factory gates, the local MP has to support them. (Gerald Warner, 2009).

The media and business community has been feverishly hyping and trumpeting the economic crisis that started in September as if they were blindsided by it like a drunk crashing into a crowd full of people on a friday night drive. What God commands Christians regarding alcohol is to avoid drunkenness (Ephesians 5:18). The Bible condemns drunkenness and its effects (Proverbs 23:29-35). While the common person may be fooled by the economists and mainstream media gurus, the knowledgeable person knows that this economic crisis has been a long time in the making.

The reliance on credit, loans, mortgages, and imaginary money was not always so prevalent as it is in today’s society. Back in the day, people actually used to save, nations used to produce and consume at a somewhat level rate, and countries were composed of somewhat homogeneous populations accounting for a relatively stable society and economic system.
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The problem the world finds itself in now was mainly caused by government intervention in economies through the introduction of central banking in the early 20th century after the tragic “war to end all wars.” These interventions were offbeat solutions proposed by the socialist politicians of the time; many of which were brainwashed by socialist and communist propaganda — remnants from the great World Wars. The common man saw the idea of collectiviziation of resources as a pseudo tribal activity. The problem now is that government has run rampant with power usurped from decentralized actors known as states and provinces.

Most countries in the world now have central banks and heavy hands of federal government where power is wielded by power mad politicians. This power started to really take heed during the crises of wars like Vietnam where President Nixon imposed a totally fiat money, or government issued currency system whereby he took the US dollar completely off of the gold standard based on the Bretton Woods agreement established at the end of World War II. This quickly ended the government limitations to creating money, or credit, without a physical limmitation such as gold. Now all money is basically printed out of thin air from digital computer banks.

Governments are not the only entities issueing and utilizing credit. As you probably guessed, common people are now being suckered into using credit as a day to day living arrangement paying for such things as food, gasoline, and heat and has become increasingly prevalent as such. People have been using the first “plastic money” ever since its introduction in 1951 and it has been increasing ever since then. In a perhaps ironic arrangement, the first credit cards were issued for “Diners club” card holders and was made on February 8, 1949 by Frank McNamara, Ralph Schneider, and Matty Simmons at Major’s Cabin Grill, a restaurant adjacent to their offices in the Empire State Building. The very thing that keeps people alive (food; real), has become the very thing that will destroy them (credit; fake).
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Indeed, the current economic crisis has blatantly exposed the weakness of the “In God We Trust” slogan engraved on most of, if not all, American currency in the form of loss of consumer confidence in the economic system caused by engineered financial meltdowns such as the Fannie Mae, Freddie Mac loan crisis. “The financial crisis provides our great opportunity to set the world on a new sustainable path, as many sacred cows, which have stood in the path of change, are being slaughtered by the day as the crisis unfolds” (Club of Rome, 2009).

in Exodus 22:25, Leviticus 25:35-36, Deuteronomy 23:19 and other places God’s Law forbids interest on money; “thou shalt not steal” is the Law. “Thou shalt not charge interest of your neighbor,” is the Statute. The Judgment or penalty for charging interest and theft by deception via a debt-usury banking system could be anywhere form making restitution all the way to capitol punishment.

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Once again, it was the Roman soldiers who mocked Jesus in Matthew 27 31 just as they are mocking Mr. Schiff in this video. After they had mocked him, they took off the robe and put his own clothes on him. Then they led him away to crucify him.

The credit crisis is about to expand into other areas of the economy dependent on this imaginary bond and promise of payment: the credit card industry. Since 1951, when the first credit cards were issued, over 6 billion credit card offers were found in our mailboxes, an average of 6 offers per US household per month (2005 statistics). The average American household’s credit card debt in 1990 was $2,966. In 2007 it was $9,840. It is clear that another crisis is emerging; one that could very well be the final nail in the coffin of main street. Indeed, credit cards are shaping up to be the next chapter in the financial meltdown, promising to stymie consumer spending, drag on the economy and force a whole new wave of financial difficulty on Americans.

The US may be moving into the next phase of the mortgage crisis. It’s called the credit card crisis. Which means there may be more defaults, lower spending limits, and perhaps higher interest rates for the 75 percent of Americans who have credit cards.

When times get tough, you do what you have to do to pay your bills. For more people, that means maxing out credit cards to put food on the table and gasoline in the family car, even paying the mortgage. Financial experts say it’s a road to disaster.

Living off credit is not doing a lot of Americans much good as their debt and defaults continue to rise. “Well, this is going to be as bad as the recession of the early 90′s,” said Tom Davidoff, Asst. Professor at Berkeley’s Haas School of Business. Davidoff says we’re seeing the next phase of the worsening economy.

“Wages are lower. People make less money. That means, one, they can’t pay the bills they already have and, two, they’re feeling stretched so they’re not going to pay for stuff with cash. They’re going to pay with credit cards. That’s going to raise their credit card balance and make it more attractive to wipe out the debt by default,” said Tom Davidoff (ABC News, 2009).

Absolute Proof The Financial Crisis Was Engineered

Several years ago, state attorneys general and others involved in consumer protection began to notice a marked increase in a range of predatory lending practices by mortgage lenders. Some were misrepresenting the terms of loans, making loans without regard to consumers’ ability to repay, making loans with deceptive “teaser” rates that later ballooned astronomically, packing loans with undisclosed charges and fees, or even paying illegal kickbacks. These and other practices, we noticed, were having a devastating effect on home buyers. In addition, the widespread nature of these practices, if left unchecked, threatened our financial markets (Washington Post, 2005).

“Confessions of an Economic Hit Man” author John Perkins argues that the United states has created a modern-day empire through the use of economic blackmail and the undermining of foreign governments. Perkins zeroes in on hot spots around the world such as Venezuela, Tibet, Iraq, Israel, Vietnam and others and exposes the network of events in each of these countries that have contributed to the creation of the American Empire and international corruption. John Perkins spent three decades as an Economic Hit Man, business executive, author, and lecturer. He lived and worked in Africa, Asia, the Middle East, Latin America, and North America.
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Then he made a decision: he would use these experiences to make the planet a better place for his daughter’s generation. Today he teaches about the importance of rising to higher levels of consciousness, to waking up – in both spiritual and physical realms – and is a champion for environmental and social causes. He has lectured at universities on four continents, including Harvard, Wharton, and Princeton.

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Written by EconoChristian.com with various sources stated herein.

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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Don’t pay taxes now; pay taxes later. If you take in that concept during the working years, during the retired years, and during the time of estate planning. if you do this your family will be hundreds of thousands — perhap millions of dollars better off, and that should be the theme. We should start with the concept of delayed tax paying while your are working, though.

A case study is a woman who was having her tax return prepared. She had a choice: put money into her retirement plan at work, or put her money outside the retirement plan at work, and she wasn’t sure what she wanted to do. It would be highly advantageous for her to pick the package offered by her workplace. What kind of an impact would this have on her and if she had invested outside of her retirement plan? She was going to earn money at work and pay the taxes on that. She was going to take the money after she paid the taxe, and she was going to invest that money; then she was going to pay the tax on the divident and capital gains as opposed to investing money in the retirement plan at her workplace.

The money invested in her retirement plan. The money invested in her retirement plan will not be taxed until she withdraws it. It is true that when you withdraw it you will have to pay taxes. Indeed, delaying the paying of taxes will have a hue impact on her life because she will have invested all that money that she would have otherwise had to pay in taxes, and over a period of time if she had put only $5000 per year in her retirement plan versues putting the money somewhere else, she would have had an extra $7000 to $8000 at the end. If continues this theme of delaying taxes, the differences over her lifetime would almost be 2 million dollars.

Here is a different view on paying income taxes:

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Jury says refusal to pay tax not crime
Sonja Puzic and Dave Battagello
Windsor Star
Tuesday, June 27, 2006

A Superior Court jury ruled late Monday that a Windsor optometrist was not guilty of tax evasion when he refused to pay nearly $350,000 in income taxes over five years.

Dr. Jack Klundert hugged his lawyer, Doug Christie of British Columbia, and wiped tears from his face and glasses after the jury was discharged. He smiled faintly at his wife, who sat in the courtroom and took notes.

Superior Court Justice Joseph Quinn thanked the jury for tackling “the complex issue.

“These decisions are not easy to make,” he said.

SECOND TRIAL

Klundert, 53, was standing a second trial for tax evasion under the Income Tax Act. He failed to pay $348,231 in taxes on income estimated at $1.5 million between 1993 and 1998.

Klundert was found guilty of making a false statement on a tax return in 2002 and fined $80,000.

He was also ordered to enrol in a constitutional law course as part of his two-year probation.

But the Court of Appeal found fault with Superior Court of Justice Steve Rogin’s instructions to the jury and Klundert took his protest against Revenue Canada to court again.

He told the jury he wrote zero income on his tax forms because he believed the federal government had no constitutional right to pursue him. He said disclosing his earnings to the government would be like “sitting down with thieves” and telling them where his valuables are kept.

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The media likes to spin this story to make it look like he is avoiding paying taxes. The real truth is that he is trying to prove that the Federal government has been taking power away from the provinces for the past 90 years and by refusing to pay income tax to the Federal government, they won’t be allowed to hoggle all the money that the Provinces should be getting directly.

There are generally four types of real estate properties out on the market today: There is raw land, farm land, residential land, and commercial land. So, when you look at the types of properties we’re dealing with, people will ask “what’s the different between raw land and farm land?” raw land has no income purpose since God created it so it just holds the world together. You probably wouldn’t want any of that because you have to pay cash for it. Now, farm land is highly specialized in that it has income because the farmer has potential to get income from that land.
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So, it’s a different category from vacant land or raw land, and farm land. The two areas that we will be concerned with are primarily residential real estate and commercial real estate. Let’s look at what the differences would be:

If you look at residential real estate there are three types: Condominiums, Single Family homes, and small multi-units. Where did the commercial term come from? When you look at it, it’s likemulti-units. It comes from a financing term, and this term has to do with office buildings, strip malls, industrial lots, etc. There are two types of loans in real estate: residential loans and commercial loans. IF you are buying a single family home, or a duplex or up to a four plex, you would have to apply for a residential loan.

Canadian Outlook

If you’re looking to buy, it’s great news, but if you already own, it’s terrible: According to new evidence, Canadian home prices could decline by 20 per cent, may not hit bottom until late 2011. It
could be seven years or longer before prices recover to today’s levels. Maclean’s senior editor Duncan Hood reveals a frightening new forecast made by a brand new housing futures market. The new market allows sophisticated investors to bet on where house prices are going, and it predicts that prices will fall by much more than most economists are predicting right now (Macleans, 2009).
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European/UK Outlook:

The message is clear: the property market is set to continue to fall throughout 2009. Yes, Britons are to witness thousands of pounds being wiped off the value of their homes, according to banks, estate agents and other sector commentators. According to a recent report by the Land Registry, the average price of a property stood at £161,883 in November. This marks a 1.9 drop from October’s prices and a 12.2 per cent reduction from the same month in 2007. Every region in England and Wales saw a decrease in property values over the past year (Know your money, 2009).

American Outlook:

Americans fear home prices will drop more sharply in the coming year, despite government efforts to resuscitate the battered real estate sector, according to a poll released on Friday.

U.S. homeowners surveyed by Reuters and University of Michigan predicted their home values would fall by 2.2 percent in the year ahead, the biggest anticipated decline in the past few years (Yahoo, 2009).

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Any unit, if its a multi-unit, those have residential loans and the rules are totally different for them. If you hear someone say “you don’t qualify” they are tlaking about a residential loan because you are the person qualifying for the loan, but in commercial the property is the criterial for qualification. So, because there are two types of real estate, an office might not be zoned commercial in some areas and be zoned “O” zone and so on. So, zoning issues can be fairly complex. So, under financing commercial would probably be your best bet in terms of investments.

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