Canada is the only country in the world that is booming in their economy at this point. In fact, their economy grew 6.1% in this year first 3 months alone! But the main question here is why? How are they keeping their economy floating and not sinking? Well, to be honest their answer is very simple-no risky business.
That is right; while Europe and the US both took major risk with sub prime loans could be found via their banks. And that has paid off for them it appears.
I like the way that they work and it shows that it is one way to keep your countries economy without flopping. I think other countries should take heed and follow how Canada has worked this out. Not only did their economy grow, they also have earned all the jobs lost at first.
So the question here is this, why doesn’t Europe and the US copy Canada’s lead? Should we or should we keep going down this major path of debt and destruction? I want to know your answers to these problems.
Economy
Yesterday I saw some interesting tweets and a blog post regarding monthly budgets being a game. It got me thinking and in my opinion turning a tight budget as a game for kicks and laughs lessens the important lesson a budget teaches. Which is self-control.
Many people who place themselves on it think that they cannot survive on one and thus test the waters. Yet millions of families and people have no choice but to live on a budget, which they do survive on it.
Now only does it make living on a budget a game takes away the value of it, it also causes people to think less of a budget. Like being on a budget is silly or makes people just cheap. Which for the most part, could not be further away from the truth.
Many families who live on a budget do not do this for kicks and laughs like some bloggers, or do not do it just to be cheap-for them it really is a matter of surviving. People need to see that in this economy, many people have to be frugal and this is not a game.
Do you think living on a budget for games is wrong? I want your opinions to be heard.
If you have read my original blog location in 2008, you would have seen that I had plenty of topics regarding the current economic troubles. But just when things start to look a bit more normal(of course this has to do with the economy cylce and not who is in office. Take a look at FDR and see that he did not bring them out of the great depression), Europe is back at the table with economic issues. Which also brings back the topic to rest of the world.
It appears that since Germany and the IMF gave a “loan” to Greece, Europe has been worried about there own status among the Euro. Yet that quickly sends waves across there stock market, which in turn flows out to the rest of worlds stock markets.
The real question here is all these talks about going back into this depression real or fake?
You may wonder why anybody would ask if they are fake? Well, for around 20 years they have talked about a one world government and one world money system. If they make it sound like it will fall again, people will quickly pull out of stocks, which leads to it going down. Thus that leads to a round about of loss around the rest of the economy. If they do that, more people will rely on government support system and that will allow them to have more control.
In a sense, it is the perfect storm for them to issue a one world government if this was to happen.
Granted, we will not know what will happen in a few months down the line. This could all be talk and nothing may happen. Or again, it may happen.
What are your thoughts on this?
image credit-Wikipedia