Tuesday, October 8, 2013
Moved To A New Location
Please come and visit me at my new website: www.youdontknowwhatyoudontknow.ca
Monday, July 1, 2013
The Housing Bubble
Housing Bubble Logic Explained:
Bubble was fuelled to build homes that would not otherwise exist today (the construction of otherwise impossible to build social housing through "covert" capitalistic means).
Canada Real Estate 3rd Most Over-Valued (Behind only Belgium and Norway) (click to read article)
(click to read article)
Most People Have No Idea of What It Took For Governments To Actually Pull This Off!
(Let Alone Why They Did It)
Fiduciary Duty of Credit Union CEOs: (correspondence regarding their moral and fiduciary duty to the credit union's member/owners - their ultimate employer)
Questions Asked at 2013 AGM (Vancity and Coast Capital):
If this happens at B.C. credit unions, I wonder how much of their previously "earned" performance compensation (bonuses) the senior management will feel duty-bound to return to the credit union?
U.K.'s Co-op Bank agress to 1.5 'bail-in' rescue plan (click link)
If you are a credit union member, please, hold the credit union's leadership accountable. Email and/or phone them, and ask them to explain the issues I've raised, and brought to their attention:
Vancity CEO - Tamara Vrooman
Coast Capital CEO - Tracy Redies
Envision Financial CEO - Launi Skinner
Prospera Credit Union CEO - Bruce Howell
I hope my credit union isn't guilty of this:
If this happens at B.C. credit unions, I wonder how much of their previously "earned" performance compensation (bonuses) the senior management will feel duty-bound to return to the credit union?
If you are a credit union member, please, hold the credit union's leadership accountable. Email and/or phone them, and ask them to explain the issues I've raised, and brought to their attention:
Vancity CEO - Tamara Vrooman
Coast Capital CEO - Tracy Redies
Envision Financial CEO - Launi Skinner
Prospera Credit Union CEO - Bruce Howell
Oilsands and LNG
You Don't Know What You Don't Know - The Oilsands:
LNG - Supply greater than Demand! (click on link to read)
The Straight Goods: LNG Premium Price Downward Spiral (click on link to read)
Vaughn Palmer: B.C. Liberals under the gun on LNG (click on link to read)
The Straight Goods: LNG Spin Zone Unraveled, Uncomfortable Facts (click on link to read)
Correspondence with the elected politicians (and Bank of Governor Mark Carney) who represent me:
Emails sent to Mark Carney (Bank of Canada), Finance Minister Jim Flaherty, Prime Minister Stephen Harper, Premier Christy Clark, Adrian Dix, Jinny Sims (MP), Stephanie Cadieux (MLA), all MLA's and MP's (including party leaders), and many major media outlets:
Global Economic Issues,Geopolitics, and Financial Markets
Joseph Schumpeter, the originator of the phrase “creative destruction,” authored a less well-known corollary at some point in the 1930s. “Profit,” he wrote, “is temporary by nature: It will vanish in the subsequent process of competition and adaptation.” (Bill Gross)
Canada
Canada Housing Crash Could Take Economy Down With It, Analyst Says
Canadian Housing Bubble 'Set To Burst,' The Economist Says
Debt In Canada
'Race to the bottom' that sank the U.S. better not happen here, Canada's finance minister warns banks
(He's shutting the barn door after he has already allowed the horses to bolt.)
CMHC Seeks CEO With Risk Management Experience
(Bad omen? Bank of Canada governor and CMHC CEO leave in the same month.)
Rest of the World
The True Chinese Credit Bubble: 240% of GDP, and Soaring
China braces for capital flight and debt stress as Fed tightens
Risk of Bank Failures Is Rising In Europe, E.C.B. Warns
Has The Next Crisis Begun? (Japan)
Kyle Bass: "The Next 18 Months Will Redefine Economic Orthodoxy For The West"
World Bank warns on Fed tightening shock for emerging markets
Albert Edwards: "One of the biggest economic bubbles is going into the Minsky Masher" (Australia)
Risk of Bank Failures Is Rising In Europe, E.C.B. Warns
The "War on Savers" Myth
World Faces Lost Decade of Joblessness - ILO Warns
America's Most Profitable Export Is Cash
For Those Wondering If The Unemployment Situation Is Cyclical or Structural
Federal disability trust fund on the brink (U.S.)
Lack of Character?
Capitalism Might Be Making Us Evil
Would Thatcher Succeed Now?
We have already tried Libertarianism - It was called Feudalism
Change to come slowly after election of Iranian moderate
Iran is using the exact same political system as the U.S. (good cop / bad cop) . Obama vs. Congress, Rohani vs. Supreme Leader Ayatollah Ali Khamenei
Canada
Canada Housing Crash Could Take Economy Down With It, Analyst Says
Canadian Housing Bubble 'Set To Burst,' The Economist Says
Debt In Canada
'Race to the bottom' that sank the U.S. better not happen here, Canada's finance minister warns banks
(He's shutting the barn door after he has already allowed the horses to bolt.)
CMHC Seeks CEO With Risk Management Experience
(Bad omen? Bank of Canada governor and CMHC CEO leave in the same month.)
Rest of the World
The True Chinese Credit Bubble: 240% of GDP, and Soaring
China braces for capital flight and debt stress as Fed tightens
Risk of Bank Failures Is Rising In Europe, E.C.B. Warns
Has The Next Crisis Begun? (Japan)
Kyle Bass: "The Next 18 Months Will Redefine Economic Orthodoxy For The West"
World Bank warns on Fed tightening shock for emerging markets
Albert Edwards: "One of the biggest economic bubbles is going into the Minsky Masher" (Australia)
Risk of Bank Failures Is Rising In Europe, E.C.B. Warns
The "War on Savers" Myth
World Faces Lost Decade of Joblessness - ILO Warns
America's Most Profitable Export Is Cash
For Those Wondering If The Unemployment Situation Is Cyclical or Structural
Federal disability trust fund on the brink (U.S.)
Lack of Character?
Capitalism Might Be Making Us Evil
Would Thatcher Succeed Now?
We have already tried Libertarianism - It was called Feudalism
Change to come slowly after election of Iranian moderate
Iran is using the exact same political system as the U.S. (good cop / bad cop) . Obama vs. Congress, Rohani vs. Supreme Leader Ayatollah Ali Khamenei
Manufactured Consent (More On How Politics and the Economy Really Work)
You Don't Know What You Don't Know
Noam Chomsky
BBC Series - Century of the Self
BBC - The Trap:
Entire 4-Part Series Can Be Found On YouTube
BBC - Pandora's Box
(Entire 6-Part Series Can Be Found On YouTube)
Economic Possibilities For Our Grandchildren
What Middle-Class Canadians Need To Know
A Must-Watch, One Hour Economics Seminar
Keynes - What He Got Right, What He Got Wrong
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