Yes people, I know this is ebaums, but trying to get this information out to anyone who will listen.

Wall Street and the government is crying that the worst is over - going to be rough but it is smooth sailing from here.  Well, I am going to tell you we are close to going over an economic abyss.

A little background (a VERY short summary):

The US is the cog to the global economy, without it, we all go down (which is why this Canadian is always interested in what they are doing)  Well, there are multiple problems with the States economy, but one of the largest ones is the Federal Reserve and this fractional reserve law and the creation of money. 

The US government doesn't own any money, it is all the Federal Reserve - they are loaning the US government the cash (at interest.)  Also, everytime the bank takes out a loan, they use your intial deposit and create commercial bank money, in which they use (but there is no backing to this) 

Also, banks used this money to i ... Read more ...

Yes, another political blog.

Now I know wallboy is getting ready for all the negative Obama comments, but what he doesn't know is I don't like either party.

With all this economic upheaval, I have lost about 56k in stocks/pension fund and the rest of my investments.  But why am I writting this blog?  I was watching Your Money on CNN - and even they can't ignore the fact that things are not getting better.  But what pissed me off was their attitude that people are going to have to get used to having a much lower quality of life.

The economies of many first world nations is based on a faulity fundamentals of credit expansion / currency manipulation but how come the common man has to be the only one taking the hit.  I still see the CEOs of many mega corporations making millions of dollars in bonuses - and I don't see anyone in government doing anything about it.

When the shit does hit the fan, I really hope the people take to the streets and give the big boys in t ... Read more ...

The internet chapter of the Anti-Counterfeiting Trade Agreement, a secret copyright treaty whose text Obama's administration refused to disclose due to "national security" concerns, has leaked. It's bad. It says:

• * That ISPs have to proactively police copyright on user-contributed material. This means that it will be impossible to run a service like Flickr or YouTube or Blogger, since hiring enough lawyers to ensure that the mountain of material uploaded every second isn't infringing will exceed any hope of profitability.

   

• * That ISPs have to cut off the Internet access of accused copyright infringers or face liability. This means that your entire family could be denied to the internet -- and hence to civic participation, health information, education, communications, and their means of earning a living -- if one member is accused of copyright infringement, without access to a trial or counsel.

   

• ... Read more ...