To compare what is taking place in global finance today with 1980’s gold or tulip bulbs is idiotic.

The City of Toronto is the most important level of government for people – providing services that impact them on a daily basis, yet the Provincial and Federal level of government deny them appropriate levels of financing.

Well, since we have a 24B deficit at the provincial level, and 50B+ at the federal level I wouldn’t hold my breath for the rest of the country paying for our newest welfare queen.

Also, I don’t buy it that the reason for massive and constant deficits (in good and bad times) is providing ESL to immigrants and shelter to homeless people. Sorry.

The City of Toronto is the most important level of government for people – providing services that impact them on a daily basis, yet the Provincial and Federal level of government deny them appropriate levels of financing.

This is simply not fair as Toronto provides more tax money to the nation then they get back and they are saddled with services at a much higher level than outside city areas e.g. ESL for immigrants, homeless, etc. etc.

Don’t blame Toronto for raising taxes when the Prime Minister constantly keeps us in an under funded state, constantly forcing us to go begging around town in a hat to collect some coins.

Or just keep bashing Toronto / Mayor Miller because that’s so much easier to do than reading and researching the facts.

jmho

p.s. I worked for the city for well over a decade in many different departments, 95% of the employees are extremely hard working good people but hampered by nutty political tactics totally and completely out of their control.

Sure the salary and benefits were fantastic, but working for crazy bosses who make you look incompetent for their own purposes is a daily hellish frustration on a whole other level.

Pros and cons whether you work for the city, private company or yourself.

.

“Geez, how’s electing a bunch of socialist union butt kissing gasbags working out for TO.”

Well Mr. Rocks, thanks for asking, it’s not working out at all. my own city councillor, Sandra Bussin, does not even know who her employer is! I know it’s hard to believe. She called in to John Tory’s radio show a few weeks ago and identified herself as “Sandra”, and began berating the host and praising her boss, David Miller. The hosts must have recognized her voice and asked her 3 times ‘Sandra. do you work for the city?’ and 3 times she answered ‘no’. Repeatedly lying in public, talking shit, and cashing regular paychecks issued by “City of Toronto”

http://network.nationalpost.com/np/blogs/toronto/archive/2009/09/30/councillor-outed-as-mystery-phone-in-caller.aspx

Sorry about that. I got excited and jumped the gun, a little. Here’s a link to the first few pages of Foucault’s Discipline and Punish – a great historical read on how societies are reflected by their treatment of criminals. You can see how I might have made the link…but it’s obviously time for me to reread it!

http://foucault.info/documents/disciplineAndPunish/foucault.disciplineAndPunish.torture.en.html

I think that for some people (like Garth-hope I’m not being too presumptuous), the price of silence is more painful than anything other people can inflict! We are just lucky to have him!

By God, then it must be so. — Garth

Step Off! I’m sure the sheeple will open their arms!

Of course, I refer to a line from #71 BAD’s excellent link which says — “. . . I’ve got a subprime bond to sell you.”

Then add in a few lines from The Daily Reckoning’s Bill Bonner today — “Bonds are soft…so is the dollar…Gold is headed towards $1,100…”

Everyone knows that the higher one flies, the harder one falls. So gold may hit $2K – $5K (just like Nortel Rising), sheeple load up on the stuff like there’s no tomorrow, and then — BOOM!

Most sheeple, none of which come here anyway, will not have seen the link I posted a few days back, when a report suggested that there will be a glut of gold when China and India dump all their holdings in a few years. To whom, it didn’t say.

Bonner further says — “. . . The Chinese have seen what happens when you rely on dollars for a reserve. You’re stuck. Because your reserves can wilt fast. . . . so are all the world’s markets…led by Asian stocks. China is booming…with its stocks up 4 days in a row…”

Note to Garth and others: Bonner also writes — ” Speaking of old friends, Marc Faber says he’s long the dollar. Faber thinks the buck is over-sold. It could rise 10% in this last quarter.” — and — Rally – Crash

It is way too complicated for me to comprehend; when I think, smoke billows out from my ears! As far as bonds, they are not my cup of tea so there is little I know of them, but it does make for good reading — better than a thriller, as this is real life, and no one has much of a clue anymore!
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Situation in Ukraine — not great. Don’t count Martial Law out.
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On wrh.com, there is a link which says “. . . half of our country’s (US) kids will be on food stamps before 20 . . .” and the editor’s sign-off line is “. . . the rest in the army.”

North America — what a great continent!