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PostPosted: Tue Nov 06, 2012 5:21 am 
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Location: MILTON
F ill enlighten you. One on one personal attention

Doesn't matter who wins. We are all screwed.

Your $7 a box for cereal will be $10 at the end of the next 4yr term of whom ever is in power.

Goodluck


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PostPosted: Tue Nov 06, 2012 6:58 am 
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Location: MILTON
The american dream

http://m.youtube.com/watch?gl=CA&hl=en& ... cLW1vFO-2Q

Rated R


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PostPosted: Tue Nov 06, 2012 12:41 pm 
Lucky for me i dont eat cereal Bill.
Coffee is on me, anytime.
Dont disregard your duty here in the meantime.


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PostPosted: Wed Nov 07, 2012 4:19 pm 
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Lost generation looms. The next four yrs will be more of the same unfortunately.

The real problems begin 4 yrs from now in typical fashion as the republicans will take the whitehouse.
4 yrs from now.
The republicans are geering up for another period of looting and total destruction of the poor.

U. S. Dollar is. doomed.

OTTAWA — Finance Minister Jim Flaherty says U.S. politicians need to get to work quickly on putting together a fiscal compromise that will avoid an economic crisis.

Flaherty says failure to reach a fiscal deal before Jan. 1 will plunge the United States into a recession quickly, with Canada to follow shortly afterward.

“Were the entire fiscal cliff risk to become reality, the effect on U.S. GDP, according to the Americans themselves, would be 4 to 5%, which would put the U.S. economy into recession quite quickly and the Canadian would follow shortly thereafter,” Flaherty told reporters in Ottawa.

“We’re all concerned that it’s an immediate problem within the next 60 days that needs to be dealt with.”

His comments come amid warnings that gridlock in Washington could prevent a deal to extend about US$600-billion in tax cuts and spending beyond Dec. 31.

There are estimates that going over this fiscal cliff would reduce U.S. gross domestic product by about four or five percentage points.

World shares fell on Wednesday as investors worried about the implications of such a scenario. The Standard & Poor’s 500 index was set for its worst one-day loss since June. It was last down 27.39 points, or 1.92%, at 1,401.00.

The Dow Jones industrial average was down 263.64 points, or 1.99%, at 12,982.04. The Nasdaq Composite Index was down 61.83 points, or 2.05 percent, at 2,950.10.

Speaking in Ottawa, Flaherty says finding compromise won’t be easy for American politicians, but he pointed out that the Harper government was able govern for five years as a minority, so it can be done.

The newly re-elected President Barack Obama will face a Republican-dominated House of Representatives.

The Democratic president’s attempts to formulate a budget plan has been thwarted at almost every turn the past two years by hardline Republicans.

Flaherty was expected to expand on his comments when he testifies before the Commons finance committee later in the day.

Flaherty is not alone in his concern. On Sunday, Group of 20 finance ministers and central bankers, gathered in Mexcio for a summit, urged political action to avoid the looming fiscal cliff.

As he headed into the G20 meeting on Monday, Flaherty warned for the first time about a potential recession.

He also said he was confident that whoever won Tuesday’s presidential election would succeed in brokering a deal with Congress, but not without some brinkmanship.

“They may not deal with it until the 11th hour and the 55th minute, but I expect that they’ll do it just as they dealt with their banks in 2008,” he told reporters


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PostPosted: Wed Nov 07, 2012 10:55 pm 
Your thoughts and insight on the election is what were all waiting for Billy.


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PostPosted: Fri Nov 30, 2012 6:46 pm 
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Hey Billy read your post a couple years back with all the Doom and Gloom you had predicted, got me a thinking? What would Warren Buffet do in a market that has been crushed so badly.

People like you was calling on the end of the world I decided to get into picking up a pile of those over discounted pieces of properties in the USA! Bought as low as $20,000 properties that were selling for over $200,000.

Made myself a cool $1.75 Million USD Dollars.

Thanks for the advice- you got any more predictions of the next fire sale I would like to hear it!

Canada is on a slippery slope!


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PostPosted: Mon Dec 03, 2012 11:36 pm 
Dont mind the naysayers Billy!
Please give us some holiday cheer with your wisdome.


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PostPosted: Tue Dec 11, 2012 6:18 am 
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Doing Away with Debt Ceiling Drama
By:  Peter Schiff
Monday, December 3, 2012
Treasury Secretary Timothy Geithner made news last week by proposing to transfer the Congressional prerogative to raise the debt ceiling to the President. The change would essentially do away with the meaningless debt ceiling debates that have become ritual kabuki in Washington over the past few generations. Most Republicans have dismissed the proposal as a blatant executive power grab that will significantly weaken both the Congress and the minority party. While this is certainly true, Congress will only lose a power that it has never shown the slightest courage to actually use. But in truth, the proposal has the merit of refreshing honesty. By telling U.S. taxpayers, and the world in general, that the U.S. government has no intention of ever balancing its budget or limiting its accumulation of unsustainable debt, then perhaps we can begin to have an honest discussion about our economic future.

Congress has always decided how much money the U.S. government will spend and how it will tax the citizenry to meet those obligations. Geithner’s proposal will change none of that. The debt ceiling debates have been simply to authorize the U.S. Treasury to issue debt to cover the ever widening gap between what Congress spends and what it taxes. As a result, these debates have become nothing more than exercises in feigned outrage. If Congress wants to control the debt, let them do so. If they don’t care, just continue on the current path. Dropping the pretense is at least more honest.

The move will also help blunt the ridiculous assertions made by those in favor of lifting the debt ceiling that doing so somehow means that the United States is taking the prudent and moral step of “paying its bills.” In a press conference this week, Obama Administration Press Secretary Jay Carney claimed that by raising the ceiling, U.S. creditors will know that our government will meet its obligations. That is taking Orwellian doublethink to new heights of absurdity.

It is impossible to “pay” one’s bills by borrowing more. Taking out new loans to retire existing debt may replace old creditors with newer, larger, creditors, but it can never be described as a real pay down. It’s like paying off your Visa card with a Master Card. Paying one’s bills requires that outstanding debt be diminished. In direct opposition to Carney’s and Geithner’s statements, the only way to force the government to actually pay its bills is to not raise the debt ceiling. But a fictitious debt limit is worse because it allows Congress to pretend that its atrocious budgeting decisions are not to blame.

Both Congress and the President readily admit that without an increase in the debt ceiling, the government will default on its obligations. This is tantamount to an admission that we lack the capacity or political will to actually repay what we have borrowed. Yet despite this, our creditors continue to loan us more money. As existing Treasury Bonds mature, we not only borrow the money necessary to redeem them, but we borrow it from the very people cashing them in.  So it’s not really like paying our Visa bill with our MasterCard, it’s like paying our Visa with our Visa.

The debt ceiling itself is both an ill-conceived compromise and a relic of past governmental integrity. For its first 128 years as a republic, the United States was able to function without a debt ceiling. This was possible for the simple reason that U.S. government had no central bank and could not borrow beyond its ability to repay through taxation. And since the ability to tax is always limited by taxpayers’ assets (and their extreme hostility to those who want to take them), legal gimmicks were not needed to prevent Congress from spending too freely. But the creation of the Federal Reserve in 1913 gave the Federal Government a potential means to borrow indefinitely by having the new bank buy its debt. Sensing this danger, the original Federal Reserve Act of 1913 prohibited the Fed from buying or holding government debt.

But just four years later the United States needed a means to raise money quickly to pay for its efforts in the First World War. The government passed an amendment to the charter to allow the Fed to purchase Treasury Bonds. Fearing (correctly) that this would create a mechanism for perpetual debt expansion, conservative lawmakers insisted that the amendment include a “debt ceiling” provision that would cap the amount that the government could borrow.

What these otherwise forward looking politicians somehow failed to grasp was that such a statutory limit was wholly meaningless, as it could be perpetually raised by future legislative action. This is exactly what has happened. The debt ceiling has been raised, with varying degrees of fanfare, every time it has been hit. This renders the law completely meaningless.

Now of course, under the pretense of fiscal responsibility, the President wants to do the most fiscally irresponsible thing imaginable — eliminate the ceiling entirely.  He hopes that doing so will send a clear and unequivocal message that America will never default on its debts. However, the message may not resonate the way the President hopes. What our creditors may actually hear is that nothing will stand in the way of America’s accumulation of more debt. Such a development may be the shock therapy our creditors need to finally cut us off for good. If that occurs, interest rates in the United States could finally rise to more rational levels. A significant increase in the cost of borrowing will create the mother of all fiscal cliffs. It’s too bad that Tim Geithner can’t see that one coming


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PostPosted: Wed Feb 27, 2013 3:24 pm 
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https://www.youtube.com/watch?v=yYaMKd7 ... ata_player

Peter schiff
The real state of the union similiar situation we are in with a middle class squeeze


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PostPosted: Sun Mar 03, 2013 11:45 am 
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https://www.youtube.com/watch?v=E1HbHnh ... ata_player


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PostPosted: Sun Mar 03, 2013 5:35 pm 
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Joined: Thu Aug 10, 2006 7:59 pm
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Location: MILTON
https://www.youtube.com/watch?v=W2Fmt2F ... ata_player


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PostPosted: Tue Apr 09, 2013 6:29 pm 
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https://www.youtube.com/watch?v=ho41rbm ... ata_player


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PostPosted: Tue Apr 09, 2013 9:58 pm 
Will, i would like your thoughts on employment numbers that crept up a bit?
Thanks in advance.


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PostPosted: Wed Apr 10, 2013 8:00 am 
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The only number that's crept up is the people who are completely off the radar and out of the system. Unemployment stands at at least 20 percent.

And the cypress tax? The U S has the same. Its just folks are to stupid to figure it out.


Zero percent interest rate on bank deposits less 10 percent inflation rate equals 10 percent tax.

F. Don't tell me you believe everything the government tells you?
You do best. Your the typical person that's described in the vid.
Adios.


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PostPosted: Wed Apr 10, 2013 10:10 am 
Thanks for the quick reply Billy,
Dont even get me going on the Cyprus tax, dont have time for a 20 page thread, lol.
You must be a teacher at either schulich or Rotman, this priceless info cant be just for us Villagers.


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