Tag Archives: credit crisis

Bits and Pieces – 20180714, Saturday

Commentary

While the Clown Prince throws money everywhere he prances, the sheeple blindly run behind in hopes of catching a few dollars plucked from someone else’s pockets. McKinsey and Company have published a visualization tool, Visualizing global debt. Below is the chart and table that is interactive on their website but not here:

We see that Canada is the 9th most indebted nation in the world as a percentage of GDP. As the economy slows due to any number of factors such as recession here or in the US, rising interest rates or the end of the business cycle, GDP drops but the debt doesn’t change This means that the ratio increases in magnitude and our position deteriorates farther. We are extremely vulnerable to exogenous shocks and endogenous credit collapse. This is a train wreck that John Mauldin has been reporting on with links supplied in previous posts. I give you his concluding essay in a later section.

We have become a socialist country and the history of socialism has never witnessed a happy ending. As I keep warning, be a good boy scout … be prepared.

Bits and Pieces – 2018 – May/June

Commentary

This post has been gestating for well over a month. I need to get it out. Perhaps the most important item is one I received from a friend recently. It concerns how the Clown Prince’s narcissistic ego is threatening to absolutely destroy this country’s economy:

I have been focusing on setting up gardens. I expect the food I can grow will be important to my family in the coming years. If Trudeau blows away the auto sector then we will face very quickly, economic collapse.

There is a suggestion in the video that the government is dragging their heels on NAFTA waiting to see if the Mexicans will elect a left-wing president. Trudeau is stupid enough to think that in such a case, he and the Mexicans will have strength to get the NAFTA deal he wants. The problem is Trump holds all the cards.

Bits and Pieces – 20180515, Tuesday

Economic Warfare

Sanctions and Blockades

Here is an article that explains how sanctions can be used as a weapon of military warfare with actions by the US as an examples: Iran Sanctions: A Reminder Of How America Militarized The Financial System.

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