A Different Point of View....: How banks play Russian Roulette with our financial security

(Part 4 of a series)The next major threat to Canadian and international financial systems is very likely to come from reckless investors gambling with derivatives, the dangerous betting vehicles that contributed to the 2008 collapse of financial services firm Lehman Brothers and the start of the Great Recession. Used properly, simple derivatives (literally: a financial ...

A Different Point of View....: GREED & FRAUD… setting us up for another crash

(Part 3 of a series)Are you ready for the Western world’s economy to crash — again? More banks will go under. Many tens of thousands of people will again be thrown out of work. Billions of dollars in “investments” will disappear into thin air. I believe it’s not a question of “if” financial markets and ...

A Different Point of View....: Out-of-control banks challenge governments for power & economic mite

Giant banks are the most powerful institutions in in the world – in many ways as powerful economically and politically as the biggest governments. Unfortunately, the banks frequently use their power in ways that damage the economy and hurt folks living around the world. Two prominent research projects carried out in recent years paint a ...

A Different Point of View....: Are our banks really safe?

The world banking system could come crashing down around our heads again – even worse than in 2008. Giant banks apparently learned very little from the earlier collapse. Many of them are carrying on the same overly risky and even illegal activities that led to the earlier crisis.  If Canada’s banking regulations are not substantially ...

Left Over: Big US Brother will Contine to Watch You….

  Canadian Banks To Be Compelled To Share Clients’ Info With U.S. CBC  |  Posted: 11/25/2013 5:00 am EST As a happily ex-Yank who gladly and gratefully accepted citizenship in this far superior (in every way) country, Canada, many decades ago, I would personally like to point out to the Yanks that Canada can’t even seem to chase ...

The Ranting Canadian: Bollocks to Christmas!I have a love-hate relationship with…

Bollocks to Christmas! I have a love-hate relationship with Christmas. What I love: *Getting a few days off work. *Having a somewhat lighter workload on the days surrounding the holidays. *Spending time with family and friends who I don’t get a chance to see very often. *Good food (especially the home-made kind) and drink. *Lights ...

CANADIAN PROGRESSIVE WORLD: Study exposes secret Canadian bank bailout

The Harper Conservatives are fond of touting Canadian banks as more stable than other countries’ big banks. They claim all the credit for Canada’s stability during the 2008-10 global financial crisis. And, we’re often told that our banks needed no … Continue reading →