Monthly archive March, 2013
Canadians Set The Bar as Elder States Engage in Theivery of Its’ Citizens
Yesterday our Finance Minister, Jim Flaherty presented a budget for Canada laying out a vision to put Canadians, “in a solid fiscal position in case we have another crisis.” He did tout his own horn and rightfully so as he has had to steer through a major global crisis like never seen before. In Canada...
Commodities Respond To Euro Crisis
With the Government in Cyprus voting to repeal a onetime levy on bank deposits by order of the IMF and Eurozone, the Nation faces bankruptcy. Citizens are ready to pull their money and run the banks for fear of losing everything. Little do they realize that the real value of money is not worth the...
Calm before the Storm As Banks in Cyprus Remain Closed Until a Solution Found.
Cyprus has four days to agree on a new plan to raise funds to avoid bankruptcy, otherwise the ECU will pull the plug on the country’s banks at the start of next week if no solution is found. The ultimatum finds the Cypriot government racing to devise a plan that will please both Parliament and...
A MileStone for a Father Who Always Lead By Example Displaying Unconditional Love For His Family and Friends
Last Week was my Fathers’ 75th birthday, a milestone to say the least. To this day I am still afraid of him, as a kid, he not only instilled discipline in me but respect for others. I have to admit I grew up well grounded and responsible never really causing our family any serious issue....
Commodities Respond To Euro Crisis
With Cyprus voting to apply a onetime levy on bank deposits by order of the IMF and Eurozone, as a condition for a Bank Bailout of $10billion, Gold responds positively up USD$12.40 to 1605.00/USD$/OZ; Silver was unchanged holding @ $28.85USD/OZ. Meanwhile Oil dipped below to $0.90 to $92.55USD$/barrel. I was just told the Cyprus Banks...
Eurozone in Crisis Again as Cyprus Needs Bailout! Eurozone demands Levy placed on Deposit holders.
Cyprus’s government has again postponed a crucial parliamentary vote on a controversial levy on bank deposits that the cash-strapped country’s creditors have demanded in exchange for a €10 billion ($13 billion Cdn) rescue package. The speaker of parliament said the one-day delay is needed to give the government time to amend an international bailout deal...
A New Pope to Be Elected What Controversy Will Follow?
Pope Benedict the first Pope to retire in over 600 years. It seems not a day has passed his Papacy without allegations of sexual abuse being front and center. Yet there always seems to be a scapegoat for the controversy at hand, the recent issue “The Butler did it”, when scandal broke out about stolen...
Oil Continues to Grind Away
With the Sequestering in the U.S.A. and no means of a solution, automatic cuts took place as of midnight Friday. Also news that Americans income dropping to worst level in 20 years; City of Detroit not being able to pay its’ bills and looking for a bailout; Jobless rate in Euro zone for youth approaching...
Interest Rates Going Nowhere but Down: The List of Billionaires Increase at whose Expense? The Queen has a Belly Ache.
BMO’s move over the weekend to cut its benchmark five-year mortgage rate to under 3% from 3.09-2.99%, could spur other banks to follow suit in the lead-up to the busy spring home-buying season. “Banks will be banks, it’s not the first time the banks have tried to undercut each other in order to prop up...
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