Did Someone Say 'New World Order'?

Look, don’t smirk this off.

It’s not just that I am uptight about centralized power… it’s downright prophetic.

 

The EU is leading the way and why not?  The Globe and Mail’s story this morning:  Wanted: a New Financial Order.

http://www.theglobeandmail.com/servlet/story/RTGAM.20081017.wbretton1017/BNStory/International/home

 

All that power in the hands of just a few; someone a world away, in a distant spherical economy will potentially be able to determine my worth to buy and sell.

Incredibly, it looks like we will see the beginning of the end of our personal wealth and prosperity.

 

PD.

You Go Suze! A Good Dose of Truth!

Suze Orman…

This lady has it absolutely right. A good dose of honesty is what most people need; the fact that consequences are real.

Can you imagine an entire generation who thinks you can have it all before 30? Before 25? Worse yet, that they DESERVE it all?

Yes, we are looking at it.

Who’s fantastic idea was it to skip the chapter on consequences in grade school? Or at home, in basic parenting?

God help us to see that sometimes the hardest lessons can have the greatest value in turning our lives around.

Pay the debt down… don’t accumulate more, stop living a lie (beyond your means).

Your bank value never equaled your personal value.

Money is not the answer to all things, it just seems that way.

 

PD

Master Control Switch

12:08 CST - Wow – am just listening to the former CEO of Lehman Brothers testify before the US Oversight Committee and this Richard Fuld guy says that what would really help the situation is a global master control area that all trades would be downloaded to nightly as a regulation requirement. Then, he says, any issues arising (as the current mess?) would be readily visible and intervention could ensue immediately.

 

Who would be in charge of that big brother control center, Mr. Fuld? I wager wars will be fought to win that post.

 

THAT is the end of the free market.

Wala.

 

Cheers.

Looks Like the Tortoise May Actually Beat the Hare

Well, feels like a good day to be a late bloomer in mutuals, in stocks and ANY funds in general.

Investors turned dentists have yanked and pulled their way to a toothless smile with no bite.

 

Under the pillow, in bonds and T-bills is the way at this time.

The slow and steady turtle in the race is the winner today.

 

Investors Pulled Billions from Funds

http://www.reportonbusiness.com/servlet/story/RTGAM.20081002.wific1002/BNStory/Business/home

 

Cheers.

 

US Presidential Debate

Vying for the big cushy job… to spend all that money.

But, gee it doesn’t sound like they have any idea how to do it.

 

If I had $700B, I would put $650B in the bank, and solve the short-fall issues of the world off the interest.

 

There is no real leader in the running for the US. The world is still waiting for that one man of charisma and charm and all sanity who is irresistible. For now we’ll just be getting the most popular of the worst to the south… nice.

 

PD.

Start Calculating Now...

Now, I figure is the time to start finite calculations for the RRSP contribution as well as the loan you need to pump up the volume. Man, do you think the current climate is going to result in ridiculous lending rates? Probably. Almost makes me want to take out my RRSP loan now.

 

I am still not convinced to invest in RESPs because of the strangle-hold the government has on this scheme. While on the surface it looks like free money, claiming it is quite another thing; the stipulations around a full withdrawal of funds are very tight. But perhaps with a bit more research, I might find a viable way to ensure going this route, even partially, is worth the ride.

 

PD.

Not the Time...

Ok - so apparently this is NOT the time for stocks.
Unless you want to wait a little longer to see what completely bottoms out, knowing that consumerism absolutely must continue for essential goods and services.

Cash is king. Going to consider whipping out there and making some instead of looking for a better place to roll the dice right now.

Tiring and almost expected. Are there are no people over 30 on Wall Street with finesse, insight and wisdom? Nope. Guess not. Welcome to the government-owned state; the US is no longer a republic.

PD.