Economy News

The Canadian Centre for Policy Alternatives (B.C.) is having a big party.  Guess who they're having to speak about the state of Canada, now?

U.S. regulators accused Wall Street’s premier firm of committing fraud during the U.S. mortgage boom, marking a pivotal moment in the effort to uncover wrongdoing in the worst financial crisis in decades.

AMI – Monetary Reform and Liberation
G-20 - Debt Slavery

In Pittsburgh the G-20 agreed to disagree, thus maintaining the illusion that they have secured the unraveling financial system by instituting the mildest of reforms even while allowing the bankers most responsible for the economic disaster to keep their ill-gotten gains. Simultaneously, in Chicago a less heralded group gathered at the American Monetary Institute (AMI) 5th Annual Monetary Reform Conference to deepen their understanding of the flaws in the dominant debt-based system and the possibilities for transformation. At the G-20 meeting in Pittsburgh, protected by brutal military and police forces, world leaders were met by thousands of protesters deploring their policies. At the AMI meeting at Roosevelt University in Chicago, monetary researchers, authors, and activists from Russia, New Zealand, Europe, Africa, Canada, Britain, and across the US were ignored by the press as they shared their insights and experiences and discussed the Monetary Reform and Financial Security bill, to be introduced into Congress by Dennis Kucinich as a first step to ease the debt slavery burdening humanity.

The AMI was founded by Stephen Zarlenga (& Dr. Lucienne DeWulf). Zarlenga, author of The Lost Science of Money: The Mythology of Money, the Story of Power, contends that

“By mis-defining the nature of money, special interests have often been able to control a society’s monetary system, and in turn, the society itself.”

What's this?  A falling out on the right?  Perhaps to compensate for the discord among the federal Liberals....?

U.S. lawmakers launch push to repeal NAFTA

   Doug Palmer, WASHINGTON
   Thu Mar 4, 2010 4:35pm EST

WASHINGTON (Reuters) - A small group of U.S. lawmakers unveiled legislation
on Thursday to withdraw from the North American Free Trade Agreement in the
latest sign of congressional disillusionment with free-trade deals.

The bill spearheaded by Rep. Gene Taylor, a Mississippi Democrat, would
require President Barack Obama to give Mexico and Canada six months notice
that the United States will no longer be part of the 16-year-old trade
pact.

Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits.

Economists fear that the nascent recovery will leave more people behind than in past recessions, failing to create jobs in sufficient numbers to absorb the record-setting ranks of the long-term unemployed.

A reluctance to spend MAY be a legacy of the recession??

Even as evidence mounts that the Great Recession has finally released its chokehold on the American economy, experts worry that the recovery may be weak, stymied by consumers’ reluctance to spend.

Energy expert and former CIBC economist Jeff Rubin says global economy will get the "shock of its life" within 12 months of the end of the recession when oil prices hit triple digits and the age of globalization starts to come to an end.

The reason Free Traders and Free Marketeers rage against so-called "Protectionism" is because it regulates and contains their excesses and provides real justice for smaller and weaker economies.

Tentative Deal for G.M.’s Opel Is Latest Shift for Industry

For all the drastic cuts and financial overhauls that are meant to secure a future for General Motors and Chrysler, their prospects in coming years will be determined more by the answer to a simple question: Can American drivers live without that new-car smell?

 The economic Crash is U.S.-created, and it began even before the presidency of Ronald Reagan.

The great world financial meltdown of 2008-9 was not, as they desperately keep repeating over and over and over again, something that noone could have seen coming - it is, rather, the greatest sting of history.

The erasure of any political theory that conflicts with Capitalsit and "Free Market" theory has flattened political thought.  The result is blind enslavement to bad ideas. 

As government data revealed that 651,000 more jobs disappeared in February, a sense took hold that growing joblessness may reflect a wrenching restructuring of the American economy