AUSTRALIA LOWERED INTEREST RATES BY A FULL 1%,OVERNIGHT. THERE IS STRONG SPECULATION OF A WORLDWIDE ,COORDINATED RATE CUT ,TODAY,BY ALL OF THE MAJOR CENTRAL BANKS.
THERE ARE NOW REPORTS THAT THE FED WILL BUY NEWLY ISSUED COMMERCIAL PAPER, THUS BECOMING AA CREDITOR OF COMPANIES. WHY THE ABOVE 2 ACTIONS? THE WORLDS GOVERNMENTS HAVE STARED INTO THE ABYSS ,AND HAVE SEEN A DEFLATIONARY DEATH SPIRAL. THE ABOVE 2 MEASURES,NOT ONLY WILL HOPEFULLY AVERT THAT,BUT INFLATION IS GOING TO GO WAY UP. THESE MEASURES WILL KEEP CASH FLOWING, PEOPLE EMPLOYED, AND EVEN WAGESRISING. SOUNDS GREAT RIGHT? NOT QUITE-IF TYOUR WAGES ARE RISING AT 4% AND INFLATION IS AT 12 % ,YOU ARE IN DEEP VOODOO. HAVING LIVED THROUGH THE 1970'S INFLATION NIGHTMARE,I CAN TELL YOU IT IS HADES ON EARTH.
INVITATION (2)
I sport with solitude here in my regions,
Of misadventure have me a friend.
Who would live largely? Who would live freely?
Here to the wind-swept uplands ascend.
I am the lord of tempest and mountain,
I am the Spirit of freedom and pride.
Stark must he be and a kinsman to danger
Who shares my kingdom and walks at my side
-Sri Aurobindo
(Alipore Jail 1908-09)
INVITATION (1)
With wind and the weather beating round me
Up to the hill and the moorland I go.
Who will come with me? Who will climb with me?
Wade through the brook and tramp through the snow?
Not in the petty circle of cities
Cramped by your doors and your walls I dwell;
Over me God is blue in the welkin
Against me the wind and the storm rebel.
(To be continued)
Tax increase will hurt the populace of Canada. Any chatter about a tax increase for any part of our industrialized world will cause more panic. People don't understand that Canada is being watched by the rest of the world on how we are still surving this credit crunch. If any government raises any tax on any part of our industries will cause FEAR and when fear is around no one purchaes. To keep the economy going pull your money out of stocks, fix your mortgage and save. This way we will be able
Congress said no. Markets tanked, govt said world coming to end. Senate panicked and said AYE n markets did sorta OK then tanked some more and the congress was gonna be the bad guy. They said AYE which was supposed to be the start of new beginning. Markets tanked. New beginning is people having to again save for retirement. New Beginning reguires cleansing of the value brought on by yaba dabba dooo (EBITDA) economics.
