Yes, “PP” is Harper 2.0. And Harper, who gutted research, forced scientists to keep quiet, cut the GST from 7 to 5%, costing C$45B in lost revenue to necessitate deep spending cuts (health care has not yet recovered from that), was actually the model neo-liberal government, a “trial run” for the Heritage Foundation’s ideological model to write their Project 2025. So the neo-liberal puppets of the Fraser Institute (which is in charge of the project of the over 600 world-wide stink tanks, including Heritage Foundation, called the World Economic Freedom Index)), Danielle Smith and PP, fully intend to implement their own version of Project 2025 in Canada. PP has asked, regarding Carney’s call to tRump, what did they talk about? Well it goes like this - Carney went to Europe to talk to the leaders there, and they agreed on a plan to gradually sell off their US Treasuries, especially if tRump continues with this tariffs nonsense. So Carney’s call to tRump was to inform the orange toddler that Canada and Europe could crash the US$ if he doesn’t smarten up. (follow Danielle Bruneau on Bluesky) Re: tariffs, yesterday I left a message at 3 departments at the Chinese consulate letting them know that the way to beat the tariffs is not by retaliation, but by all countries accepting only their own currency for their exports to USA. These are smart people who will listen. Same message sent to someone at EU parliament, they might pay attention. Same message to Cdn Min of Fin - they’re perpetually stupid and likely won’t even read it.
Thanks Kathleen, very informative. What do you think of the idea that the Asian/BRICS block is now too dominate for Trump to bring down? Trump as it is, is just turning the West into a rump economy where the East will dominate the West more than ever ? He is doing a lousy job of being a bankruptcy trustee.
My next post will outline the history (yes, it exists!) of US sovereign defaults. At present, we are dropping into a massive illiquidity crisis, on a scale most living ppl have never witnessed. Unfortunately, the “bankruptcy trustee” has absolutely no clue how their trade deficits ALLOWS the US$ to prevail as world-reserve currency. That is coming to an end, so it is good that China has set up the process for renminbi payments processing, since that will be the replacement world currency. If The US was smart (not possible), before taking the chainsaw to governance, they would have set up a new world currency, such as the Bancor a supranational currency that John Maynard Keynes and E. F. Schumacher conceptualized, long ago. AS it happens, just about all of JMK’s predictions have come to pass, regarding the US$ and world exchange. With tRump blowing any last remaining trust in America, he has obviously lost any power to redirect any aspect of the world economy. And what causes recessions? Corporations being scared to invest, so they contain their profits, killing more liquidity. Snake eats its tail.
Yes, I get those, paid subscriber to Hedges, so I have the transcript and can read faster than listen. BTW, the volume of reading to do everyday rises exponentially with a certain moron flooding the zone... The best economic guru is Nathan Tankus https://www.crisesnotes.com
Yes, “PP” is Harper 2.0. And Harper, who gutted research, forced scientists to keep quiet, cut the GST from 7 to 5%, costing C$45B in lost revenue to necessitate deep spending cuts (health care has not yet recovered from that), was actually the model neo-liberal government, a “trial run” for the Heritage Foundation’s ideological model to write their Project 2025. So the neo-liberal puppets of the Fraser Institute (which is in charge of the project of the over 600 world-wide stink tanks, including Heritage Foundation, called the World Economic Freedom Index)), Danielle Smith and PP, fully intend to implement their own version of Project 2025 in Canada. PP has asked, regarding Carney’s call to tRump, what did they talk about? Well it goes like this - Carney went to Europe to talk to the leaders there, and they agreed on a plan to gradually sell off their US Treasuries, especially if tRump continues with this tariffs nonsense. So Carney’s call to tRump was to inform the orange toddler that Canada and Europe could crash the US$ if he doesn’t smarten up. (follow Danielle Bruneau on Bluesky) Re: tariffs, yesterday I left a message at 3 departments at the Chinese consulate letting them know that the way to beat the tariffs is not by retaliation, but by all countries accepting only their own currency for their exports to USA. These are smart people who will listen. Same message sent to someone at EU parliament, they might pay attention. Same message to Cdn Min of Fin - they’re perpetually stupid and likely won’t even read it.
Thanks Kathleen, very informative. What do you think of the idea that the Asian/BRICS block is now too dominate for Trump to bring down? Trump as it is, is just turning the West into a rump economy where the East will dominate the West more than ever ? He is doing a lousy job of being a bankruptcy trustee.
My next post will outline the history (yes, it exists!) of US sovereign defaults. At present, we are dropping into a massive illiquidity crisis, on a scale most living ppl have never witnessed. Unfortunately, the “bankruptcy trustee” has absolutely no clue how their trade deficits ALLOWS the US$ to prevail as world-reserve currency. That is coming to an end, so it is good that China has set up the process for renminbi payments processing, since that will be the replacement world currency. If The US was smart (not possible), before taking the chainsaw to governance, they would have set up a new world currency, such as the Bancor a supranational currency that John Maynard Keynes and E. F. Schumacher conceptualized, long ago. AS it happens, just about all of JMK’s predictions have come to pass, regarding the US$ and world exchange. With tRump blowing any last remaining trust in America, he has obviously lost any power to redirect any aspect of the world economy. And what causes recessions? Corporations being scared to invest, so they contain their profits, killing more liquidity. Snake eats its tail.
You should look up the interview Chris Hedges did with Richard Wolff. Hedges quoting Karl Marx ...
https://www.youtube.com/watch?v=-1aFnl-x_3M
Yes, I get those, paid subscriber to Hedges, so I have the transcript and can read faster than listen. BTW, the volume of reading to do everyday rises exponentially with a certain moron flooding the zone... The best economic guru is Nathan Tankus https://www.crisesnotes.com