Posts Tagged ‘profit’

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.

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.

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.

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.

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). 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 oi, 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.
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The numerous wars the US has racked up in the last decade have cost its debt burden tremendous amounts (not to mention the tremendous government expansion and subsequent cost of such). As we’ve seen, the price of oil has gone from a high of approximately $155 per barrel all the way back down to approximately $20 per barrel. We certainly do not live in stable times.

CHINA

What? A global “supercurrency” to supplant the dollar

The details: Last month, the governor of China’s central bank, Zhou Xiaochuan, sent shock waves through the political and financial worlds by suggesting the world’s largest foreign holder of U.S. dollars supported the creation of a new global reserve currency.

In an essay published in both Chinese and English, Zhou, without ever mentioning the greenback, articulated concerns about the “inherent vulnerabilities and systemic risks in the existing international monetary system.” The world needs a reserve currency “disconnected from individual nations and … able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies,” the essay went on to state.

Zhou recommended building on an existing asset and exchange system, a kind of synthetic currency that the International Monetary Fund (IMF) created in 1969. In the special drawing rights (SDR) program, the 185 IMF member states fund a pool of money that the IMF distributes in shares, or SDRs. This currency could be used for government finance, trade transactions, pricing commodities, and international accounting. G-20 leaders expanded the SDR pool by $250 billion at their recent meeting.

The suggestion comes as the Chinese government attempts to push the renminbi, whose principal unit is the yuan, as a reserve currency in Asia. In past months, China has completed currency swaps with Argentina, Belarus, Indonesia, Malaysia, and South Korea, among others; these allow China’s trading partners to buy Chinese goods with the renminbi, rather than the dollar. Soon, some economists predict, the renminbi may become the de facto pan-Asian reserve currency and a much bigger global player.

RUSSIA

What? A global “supercurrency” similar to the Chinese proposal

The details: Speaking in Moscow last month, Russian President Dmitry Medvedev put his support for supplanting the dollar in stark terms: “Many of our partners maintain the point of view that everything is fine in this area, that all that is needed is a slight strengthening of major worldwide currencies, including the dollar. We hold another point of view.” He strongly reiterated this idea at the G-20 conference.

Medvedev seconded China’s support for expanding the IMF’s special drawing rights program. He said the ruble, renminbi, and gold should join the dollar, euro, and pound — the primary reserve currencies for the past 50 years — in a multicurrency basket pricing the SDR.

The inclusion of gold bullion in the currency basket caused a press kerfuffle; numerous articles described Medvedev and Arkady Dvorkovich, the Russian government’s chief economic advisor, as supporting a gold standard. In fairness, John Maynard Keynes and Franklin D. Roosevelt themselves recommended basing global reserve values on the price of gold and other commodities.

VENEZUELA

What? The “sucre,” a South American bloc currency

The details: At a regional summit last November, Venezuelan President Hugo Chávez called for the creation of an EU-type monetary zone and adoption of the “sucre,” a regional currency, to reduce dependence on the dollar. Chávez addressed leaders from the Bolivarian Alternative for the Americas (ALBA) trade bloc, which includes Venezuela, along with Bolivia, Cuba, Dominica, Honduras, and Nicaragua.
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The proposal came with a heaping dose of criticism for the United States and other G-20 countries, which Chávez accused of purposely suppressing developing economies. He also recommended that South American countries abandon the IMF, “an imperialist hand to dominate us.”
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“We’re not going to wait here with our arms crossed for the World Bank or the International Monetary Fund to come and solve the problems that this great threat [the United States] unleashed on the world,” he said. “The hegemony of the dollar must end,” he added.

ALBA members seem to be in favor, agreeing in principle to developing the sucre within two or three years.

IRAN

What? A common currency for Central Asia

The details: Iranian President Mahmoud Ahmadinejad suggested in March that the Economic Cooperation Organization (ECO) trade bloc — Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkey, Turkmenistan, and Uzbekistan — take up a common currency when it debuts its planned free trade zone in 2015. “The process of obtaining one single currency in the trade and exchanges among members, and in the next stages with other countries and neighbors, should be designed,” he said.

“After the collapse of the closed socialist economy, the capitalist economy is also on the verge of collapse,” Ahmadinejad said, railing against the hegemony of the dollar in foreign trade.
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Were the ECO bloc to take up a common currency, it would rival the euro in its scope; the countries together have about 420 million people. Representatives from Kazakhstan and Turkmenistan seemed to support the general idea, and the topic will be taken up again at the ECO’s next convention, in 2010.

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KAZAKHSTAN

What? The “acmetal,” a global currency

The details: In March, Kazakh President Nursultan Nazarbayev, speaking from the capital city of Astana, called for the creation of a world currency called the “acmetal,” a word coined from “acme” and “capital.”

“There is no other choice available to us, if we really intend to utilize effectively this unique opportunity of overcoming the shortcomings of the Old World and building up a New one,” the strongman opined in a pre-translated report. It went on to state, “It so happened that the whole of our world has somehow unexpectedly and imperceptibly got into the tunnel of global crisis from where nobody is able to see where is the ‘exit’.”

The Kazakh leader described how the G-8 or G-20 countries could band together to create a transitional currency, the “transital,” before full global adoption of the “acmetal.” He also described a putative new world order brought on by the currency scheme: “acmetalism.”
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Proposing new currencies is something of a hobby for Nazarbayev, who has advocated a Central Asian regional currency plan since 2003. He has called for the adoption of the “altyn” or “yevraz” in the Eurasian Economic Community (EEC), which includes Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. Moscow takes these suggestions as a slight, though. It has proposed that the EEC states band together and adopt the Russian ruble.

By Annie Lowrey
ForeignPolicy.com
Tuesday, April 7th, 2009
Source

Here is an interesting piece I ran across which I thought I’d share with you instead of proving my own analysis of the economic situation. Of course, I will add that this economic crisis has been in planning for decades especially since the US was brought off the gold standard and since the World Trade Organization and other unconstitutional “agreements” were signed both in the US and Canada.

What this article really doesn’t touch upon is how banks were pretty much forced to loan billions and billions of dollars to fund mortgages for minorities and other “marginalized” groups who couldn’t afford a home otherwise. Why couldn’t they afford a home like anybody else? Officials will tell you it’s because of their skin color or some other hogwash. Yes, there are discriminatory practices all over the world. If you are white trying to get a mortgage in South Korea, for instance, you will probably be turned down faster than a Korean with money because you are white. Yes, there is racism there much more than in the West.

“My own understanding, however, is that the cause can be traced to pressures of “political correctness” in America: Financial institutions, habitually reluctant to take the risks involved in lending to minorities – particular black and Hispanics – were charged with racial discrimination. They came under pressure to prove their enlightened credentials by lending to minorities on equal terms. Gradually succumbing to such pressure, they upgraded the creditworthiness of minorities, Soon hundreds of thousands of houses were being built as mortgage lenders became emboldened to lend 90 per cent or more of the purc hase price of houses sold to minorities, whose employment prospects were uncertain and whose incomes were relatively low.” E.J Mishan For The Straits Times – Tuesday 17 March, 2009.

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These people (the U.S. government) need to be stopped. Every time we get ourselves into an economic mess, there’s usually some milestone idiocy we can point back to as the government action that made the meltdown inevitable.

Take the current housing crisis that has now spread to the financial markets in general. The cause was too-easy credit that fueled a massive increase in housing prices as people bought houses they couldn’t afford with mortgages they weren’t able to pay off.

In 1999 there was roughly $5 trillion in total U.S. mortgage debt. That number ballooned to $12 trillion by 2007, and we know what happened from there (data is from the U.S. Office of Federal Housing Enterprise Oversight). To put this into perspective, total U.S. GDP is about $11 trillion annually, and U.S. government debt is around $9 trillion. If the housing market really falls apart (meaning more than conservative estimates of a 20% drop), there’s no way the government can simply cover these losses.

Why did it happen? Let’s go back to 1999, when Fannie Mae, the nation’s biggest underwriter of home mortgages, was under pressure by the Clinton administration to find a way to get more loans to “borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans.” A pilot program was launched, which soon became general policy. Money flowed to people who couldn’t afford to pay it back.

These new policies came on top of previous changes in the 90’s that let consumers get zero-down payment loans.

In a 1999 article that now looks absolutely insane, the New York Times reported on the easing of credit terms. Fannie Mae Chairman Franklin Raines, who’s quoted in the article, was all sunshine and roses as he threw away the financial future of millions of Americans. But at least one person. Peter Wallison, had a good idea of how this would all play out:

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980’s.
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”From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”

Too bad nobody listened to that guy. (TechCrunch, 2009).

What Jesus Said About the Crisis
What Jesus says about the Wall Street crisis:

Revelation 18 1 After this I saw another angel coming down from heaven, having great authority, and the earth was made bright with his glory. 2 And he called out with a mighty voice, Fallen, fallen is Babylon the great!
She has become a dwelling place for demons, a haunt for every unclean spirit, a haunt for every unclean bird, a haunt for every unclean and detestable beast.

3 For all nations have drunk the wine of the passion of her sexual immorality, and the kings of the earth have committed immorality with her, and the merchants of the earth have grown rich from the power of her luxurious living.

4 Then I heard another voice from heaven saying, Come out of her, my people, lest you take part in her sins, lest you share in her plagues;
5 for her sins are heaped high as heaven, and God has remembered her iniquities.

6 Pay her back as she herself has paid back others, and repay her double for her deeds; mix a double portion for her in the cup she mixed.

7 As she glorified herself and lived in luxury, so give her a like measure of torment and mourning, since in her heart she says, I sit as a queen,
I am no widow, and mourning I shall never see.8 For this reason her plagues will come in a single day, death and mourning and famine,
and she will be burned up with fire; for mighty is the Lord God who has judged her.

9 And the kings of the earth, who committed sexual immorality and lived in luxury with her, will weep and wail over her when they see the smoke of her burning. 10 They will stand far off, in fear of her torment, and say, Alas! Alas! You great city,you mighty city, Babylon!
For in a single hour your judgment has come.

11 And the merchants of the earth weep and mourn for her, since no one buys their cargo anymore, 12 cargo of gold, silver, jewels, pearls, fine linen, purple cloth, silk, scarlet cloth, all kinds of scented wood, all kinds of articles of ivory, all kinds of articles of costly wood, bronze, iron and marble, 13 cinnamon, spice, incense, myrrh, rankincense, wine, oil, fine flour, wheat, cattle and sheep, horses and chariots, and slaves, that is, human souls. 14 The fruit for which your soul longed has gone from you, and all your delicacies and your splendors are lost to you, never to be found again!

15 The merchants of these wares, who gained wealth from her, will stand far off, in fear of her torment, weeping and mourning aloud,
16 Alas, alas, for the great city that was clothed in fine linen,
in purple and scarlet, adorned with gold,with jewels, and with pearls!
17 For in a single hour all this wealth has been laid waste.

And all shipmasters and seafaring men, sailors and all whose trade is on the sea, stood far off 18 and cried out as they saw the smoke of her burning, What city was like the great city?

19 And they threw dust on their heads as they wept and mourned, crying out, Alas, alas, for the great city where all who had ships at sea
grew rich by her wealth! For in a single hour she has been laid waste.
20 Rejoice over her, O heaven, and you saints and apostles and prophets, for God has given judgment for you against her!

21 Then a mighty angel took up a stone like a great millstone and threw it into the sea, saying, So will Babylon the great city be thrown down with violence, and will be found no more; 22 and the sound of harpists and musicians, of flute players and trumpeters, will be heard in you no more, and a craftsman of any craft will be found in you no more, and the sound of the mill will be heard in you no more, 23 and the light of a lamp will shine in you no more, and the voice of bridegroom and bride will be heard in you no more, for your merchants were the great ones of the earth, and all nations were deceived by your sorcery. 24 And in her was found the blood of prophets and of saints, and of all who have been slain on earth

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