The following article is a reprint. We have not authenticated and have not verified the information contained within this article. By The Economic Collapse Blog Published “Before Its News” Feb 10, 2012 Credit Card Debt #1 Today, 46% of all Americans carry a credit card balance from month to month. #2 Overall, Americans are carrying… Continue reading Debt Slavery: 30 Astonishing Facts About Debt In America
Tag: Make people responsible for their unconscionable actions’
The Tipping Point – When the Cost of Rules and Regulations Exceed Their Benefit
Are we really applying common sense to the way we govern, or are we laying the seeds of our own destruction? The issue here is that free society continually strives to protect the rights of the individual in the belief that if we protect each of us individually, then we protect society against dictators, despots… Continue reading The Tipping Point – When the Cost of Rules and Regulations Exceed Their Benefit
A Call For Less Bureaucracy and More Private Enterprise
New US Government Employees Republicans in the US claim to be fighting for a reduction in the US deficit. As part of this initiative, they claim that included in the Obama recovery funding was the hiring of 250,000 new government employees, whose function is to regulate and oversee business, financial, medical and other aspects of… Continue reading A Call For Less Bureaucracy and More Private Enterprise
Capitalism Needs Tweaking – Point #8 of 10 (Con’t)– Understanding ‘external auditors’
Financial Statements are Now Designed to Protect the Auditor In my previous blog, I discussed how incomprehensible financial statements have become. By the sheer volume and detail of information, they confuse the reader. The trick is to give so much detailed and professional explanation in these documents, that no-one except the most sophisticated of readers… Continue reading Capitalism Needs Tweaking – Point #8 of 10 (Con’t)– Understanding ‘external auditors’
Short-selling Legend Michael Burry Speaks at Vanderbilt
I normally would not impose this frequency of blogs on my readers. However, Michael Burry recently gave a speech at Vanderbilt University in which he detailed how he foresaw the crash in mortgages, and his VIEWS ON the CURRENT SITUATION in the USA. I urge you to listen. This is a man that became very… Continue reading Short-selling Legend Michael Burry Speaks at Vanderbilt
An Examination of the TSX LSE “Merger”
A Commodity Based Economy Canadians have a history of being a resource based economy. When the world economy suffers, so does Canada. This has been true for as long as Canada has existed as a nation. Attempts to Broaden our Economy Previous governments have enacted all sorts of policies to attempt to diversify and strengthen… Continue reading An Examination of the TSX LSE “Merger”
Capitalism Needs Tweaking – Point #4 of 10 – The Income Tax System is used Ineffectually
There are large income tax incentive programs to Encourage Conservation of Energy, or to Promote Research and Development, or to Induce the Production of Ethanol, and so many other programs Yet our biggest issue is ignored under our income tax system – the devastation wrecked upon average citizens by the relentless economic cycles that ravage… Continue reading Capitalism Needs Tweaking – Point #4 of 10 – The Income Tax System is used Ineffectually
FUND ELECTIONS OUT OF THE PUBLIC PURSE.
The Remarkable Story of China & the Negative Effect of Democracy So much has been written about China that everyone is aware of this economic miracle. There is a lot to be said about a central economy that considers economic growth to be important. The largest reason for this economic growth, is the planning and… Continue reading FUND ELECTIONS OUT OF THE PUBLIC PURSE.
Investment Advisors Make Money on Sales, not on Performance. Commissions Provide the Incentive to Look for the Next Sale
In our January 6, 2011 blog, we published a list of 10 corrections needed to the Capitalist System. This is Point # 3. The Commission Incentive for Humans to Ignore What They Sell. If you get paid only on what you sell, and the moment it leaves your shop, there is no incentive to stand… Continue reading Investment Advisors Make Money on Sales, not on Performance. Commissions Provide the Incentive to Look for the Next Sale
Capitalism Needs Tweeking – 10 Corrective Measures Needed
In my blog of December 9, 2010, I listed 10 main changes needed to the Capitalist system. I am a capitalist, but I recognize the need for change. The severity of the economic meltdown and the outrageous extravagance of those taking advantage of Capitalism, makes change so very necessary. One can point to many faults,… Continue reading Capitalism Needs Tweeking – 10 Corrective Measures Needed