The Financial Gutting of Canada: Upping the Ante

The degree of foreign investment in Canada, i.e. U.S. ownership, cultural imperialism, the NAFTA predecessor towards North American Union, the historical and ongoing betrayal by Canadian capital, etc. are all givens. For those in the loop, the latter hover in around the political perception and analytical depth of Poli-Sci 101.

Now comes news that the sitting Conservative Government is planning a very serious sell-off of state assets, i.e. Crown corporations: Major Canadian government assets could be sold. On the chopping block are Canada Post, Via Rail, the Royal Canadian Mint, the agency that oversees security at Canada’s airports (very serious and very bad!), Atomic Energy of Canada Ltd. (yikes!), the CBC (the propaganda mother corp.) and the Canada Council for the Arts (state-subsidized artistes going boo hoo hoo).

Here is what is being put into play: it’s a squeeze, a takeover. Engineered government debt, plus depreciated asset values (courtesy of the “financial crisis”) open the door for the economic hitmen.

Zeitgeist Addendum offers one of the better introductions to global capital at work. Feel free to superimpose the Addendum with the great work being done by Chris Martenson with his Crash Course. To view the role of economic hitmen, jump to Part 4 of the Addendum for John Perkins’ explanation.

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Condition Overview: An Introduction

It is strongly suggested that for anyone who wishes to be brought up to speed to an alternative interpretation of events (relative to the corporate media) to view this video: THE GLOBAL FINANCIAL CRISIS, The Great Depression of the 21st Century. It was presented by Prof. Michel Chossudovsky in Montreal, January 14th.

Prof. Chossudovsky’s name may be familiar to some as the Director of the Centre for Research on Globalization. He was also an instrumental research source for Mike Ruppert for the writing of Crossing the Rubicon: The Decline of the American Empire at the End of the Age of Oil.

If you wish, you can weave Prof. Chossudovsky’s writings and a reading of Rubicon in with Chris Martenson’s Crash Course which deals with the inter-relationship of the three E’s (economy, energy, environment).

Lastly, remembering that this is a secessionist blog, you may choose to cap a wrap with Post-Peak Oil and NAmerican Regional Secession.

Then again, you can go back to doing exactly what you were doing.

2008: Financial Meltdown + Peak Oil = ?

Here’s a small  tap up the side of the head in case anyone need’s jarring from Newton’s Sleep. We all know things are bad and about to get much worse. The following snapshot of the 2008 performance of the world’s stock markets captures the meltdown quite succinctly. This comes via Davos over at Chris Martenson’s site who, in turn, pointed me towards Bespoke Investment Group. Remember that stock market performance usually foreshadows by several months where and how economic performance will go. If you wish, you can overlay Bob Chapman’s January 7th commentary for greater nuts n’ bolts clarity. Now factor in the consensus, nicely arranged in a post by Cliff Wirth, that global oil production peaked in 2008, and we have a stage set for some interesting, painful and…very different times. Okay, back to sleep now.

Wakie, Wakie

Wakie, Wakie