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Debt danger - 12/15/2010 1:05:26 AM

Brain

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I am not sure if this is good or bad. On the bright side, maybe with a bad economy/recession we can finally be free of this Regressive Conservative government. They are not Progressive Conservatives they are Regressive Conservatives. Progressive Conservative is a misnomer. There is no such thing, it is like a compassionate conservative or compassionate conservatism - just look at Jan Brewer the governor of Arizona who spends $50 million on prisons but can't spend $5 million for people who need life-saving transplants. Lucky that the Regressive Conservatives do not have a majority government or they will be destroying the universal healthcare in Canada right now.

Debt danger

Canada has now crossed a rather risky threshold. Our ratio of household debt versus disposable income has now reached record levels -- 148.1 per cent.

That's frightening enough now, but this next statistic should provide a shudder. Canada's figure is higher than the level in the United States right now -- 147.2 per cent.

We all remember how unmanageable debt worked in the U.S. Shakey mortgages, resold as derivatives, collapsed as homeowners were unable to pay their bills. That coincided with an astronomical rise in the price of gas that pushed maxed-out homeowners over the line. They weren't able to pay their mortgages. They lost their homes, derivatives fell apart and the world got its Debt Crisis of 2007-'08 and the subsequent Great Recession.

http://www.ottawacitizen.com/business/Debt+danger/3978888/story.html

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RE: Debt danger - 12/15/2010 1:56:17 AM

Termyn8or

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Welcome to the club.

T

(in reply to Brain)

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RE: Debt danger - 12/15/2010 4:29:21 AM

Real0ne

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Joined: 10/25/2004
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I posted the CRIS report several times that proves beyond a shadow of a doubt for any reasonable person that the court system/ prison system is a huge business racket.

There is only ONE reason for that and that is because the monetize the bonds and likewise attach them as derivatives and out to wall street they go to be traded.

Moral of the story you are worth more in prison to the gubmint than that little bit of taxes you pay as a free person.

everything has been monetized and has an "interest" value including YOU!

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"We the Borg" of the us imperialists....resistance is futile

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Yesterdays tinfoil is today's reality!

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(in reply to Termyn8or)

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