Tag Archive: Awards

The morning after the American Congress votes to  piss away $700+ Billion dollars, thereby increasing their already burgeoning $9 trillion national debt by a factor of 8%, an already strong Canadian Loonie… plummets 12 cents from 96US to US0.84??!@!?

Related lunacy: Canada, a country the world’s banking elite agrees has the soundest banking infrastructure in the world, decides it needs to entice it’s banks to extend credit to people that they might not normally deem to be “prime” candidates for such loans.  Without parliamentary debate (remember the American senate rejected their bailout and spent another 5 days of debate before they buckled under pressure), Canada extends a 20 Billion dollar gift to their banks plus a ½ point reduction in interest (interestingly, the Canadian banks neglected to fully transfer that cut to their ailing patrons – they gave us ¼% ).

The average Canadian family is 30% wealthier than their American cousins.

This is mainly because Americans carry far more debt than we do.  The per capita personal debt in the U.S. is $40,250 ^{(US Dollars)} whereas in Canada the number sits at $23,460 ^{(US Dollars)}.   On average they live in bigger houses (2,520 sq. ft to our paltry 2000sq.ft) and they drive nicer cars than we do, but look where that has taken them.  Note: These statistics all predate the housing and financial market meltdown of this year.  More than 1 in 10 Americans now owe more on their mortgages than their homes are actually worth.

Source: http://www.macleans.ca/canada/national/article.jsp?content=20080625_50113_50113&page=1

Flat Screen TV manufacturers & Sales Outlets are not in a hurry to tell consumers that their brand new flat screen plasma televisions are already obsolete even as they are parading out the doors (faster than our retirement savings are evaporating) because the screens on those TVs are … too flat.  They will not be able to be used for the new improved 3-D video productions that are expected sweep Hollywood and major sports productions over the years to come.

They spent most of October and November warning Canadians that the sky was about to fall with their 24/7 reports that went something like, “danger Will Robinson the sky is falling and no-one in the world is ever going to buy anything ever again so you might as well just sign all of your money over to the bankers and crawl into a hole until the bankers foreclose on that too” message.  Then suddenly, on the night that the Toronto Stock Exchange reported its largest one day loss since Black Tuesday on 1987, a meteor hurtles out of the sky and smashes into Saskatchewan.  Holy Chicken Little batman, they were right! The global financial market meltdown has gone galactic!

Suddenly General Motors finds itself in crash and burn mode. Early in 2008, Toyota overtook GM to become the world’s largest car maker (however, a stubborn if not senile GM head office are appealing the ruling on the grounds that they are still making the world’s largest cars).  In closing out their year long celebration of 100 years of operation, GM closes said operations all over North America and sends every employee who does not qualify for the usual round of multi-million dollar performance bonuses home for a well earned (and open-ended) vacation without pay.