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post #1 of 2 (permalink) Old 07-23-2008, 03:29 PM Thread Starter
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Brilliant!

Quote:
Two major related threats loom over the world economy: credit crises and rising inflation. What do these two menaces have in common? Bankers, hedge-fund managers, speculators and capitalism in general have been taking the hit for the economic turmoil, both for credit risk and inflation. But the looming collapse of Fannie Mae and Freddie Macin the United States should help change the focus a little. We are now getting down to the heart of the matter, which turns out not to be rampant capitalism but out of control back-door socialism.
http://www.nationalpost.com/story.ht...a-442268368aff

Written by a Canuck that understands Canada may end of being more capitalistic than socialist America.

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post #2 of 2 (permalink) Old 07-23-2008, 09:10 PM
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That was pretty good. This part scares me the most:

"It would be some paradox if central banks and their governments, having created a financial crises through their monopoly control over money, should now use that crisis to expand their power."
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