1 - The Great Collapse of 2009 with Mike Walker

PART 1 - The current global recession is resulting in drastic changes to financial and economic policies never before seen by our generation. How did we get into this mess and how are we going to get out of it? In his signature plain talk and no-nonsense style, Michael Walker, Fraser Institute Senior Fellow, exposes the real causes of the global financial meltdown, highlights the crucial damage already done, and identifies three things we must accomplish to get back on track. Thirty-five years ago Michael Walker helped found the Fraser Institute and led the charge against deficit spending and government central planning. Today, governments are poised to return to these same failed interventionist policies.

Category:

News & Politics

Tags:

• mike
• walker
• financial
• crisis
• economic
• Fraser
• Institute
• regulation
• stimulus
• spending
• policy

[bodryn]

I think I get you. Run my credit card up to the max and buy a lot of gold. Then when dollars become worthless, exchange an ounce or two for dollars and pay it off. Not bad!

[quuaa1]

I think it's hilarious that Chretien was blaming Harper over the global recession.

[bodryn]

In about 2002 the Canadian dollar was worth about 62 cents US. In March it was worth about 78 cents. Today it is worth about 92 cents and has been as high as $1.10. Canada hasn't gone far into debt like the US. Watch for hyperinflation in US due to war and disastrous tax cuts.

[ronpauljimrogers]

p.s. who needs or wants a line of credit? That's the entire problem in the first place. Be real, survive.

[ronpauljimrogers]

duh. simple terms for first communications, successively complex as your listener gains knowledge.  See?

[jugdick]

The ability to print money is NOT equivalent to a credit card. But default on loans or credit cards now and you may never get another line of credit in your lifetime with the nationalization that may come soon.

[ronpauljimrogers]

you can. it's called a credit card. figure out when it's collapsing and jack those cards up there before she sinks.

[denverdog44]

buy gold, stock up on food & seeds, arm yourself and your extended families get out of range of any city or large town before "IT" HITS THE FAN. 18 to 24 months we have according to various sources and experts including The Trends Research Institute.

[jamezbond78]

I wish I could print money to pay my bills.

[unworldlything]

printing money, what else do you need to know?