<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	
	xmlns:media="http://search.yahoo.com/mrss/"
		>
<channel>
	<title>Comments on: Can they pay it back?</title>
	<atom:link href="http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/feed/" rel="self" type="application/rss+xml" />
	<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/</link>
	<description>Canada&#039;s only national weekly current affairs magazine.</description>
	<lastBuildDate>Wed, 26 Oct 2011 16:13:00 +0000</lastBuildDate>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.1</generator>
	<item>
		<title>By: llfow33@gmail.com</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134545</link>
		<dc:creator>llfow33@gmail.com</dc:creator>
		<pubDate>Wed, 03 Nov 2010 20:52:54 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134545</guid>
		<description>canada has wien it self off the usa they are going down and if we start now we may have to go down with them</description>
		<content:encoded><![CDATA[<p>canada has wien it self off the usa they are going down and if we start now we may have to go down with them</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Chicago mover</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134544</link>
		<dc:creator>Chicago mover</dc:creator>
		<pubDate>Mon, 09 Aug 2010 12:38:33 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134544</guid>
		<description>I very much agree with PolJunkie that around 80 % of our export market is tied to the US.</description>
		<content:encoded><![CDATA[<p>I very much agree with PolJunkie that around 80 % of our export market is tied to the US.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: m.r....</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134542</link>
		<dc:creator>m.r....</dc:creator>
		<pubDate>Sat, 25 Jul 2009 22:13:49 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134542</guid>
		<description>YES! when you start &#039;manufacturing paper&#039; instead of things it is the beginning of the end. it applies to Canada as well. we also have little control of major industries due to foreign ownership. we may have to join USA more than we may like to. and we will go down with them as well, in unison!</description>
		<content:encoded><![CDATA[<p>YES! when you start &#039;manufacturing paper&#039; instead of things it is the beginning of the end. it applies to Canada as well. we also have little control of major industries due to foreign ownership. we may have to join USA more than we may like to. and we will go down with them as well, in unison!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: HyperInflation - The Bearish Root, Stock Traders Blog</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134541</link>
		<dc:creator>HyperInflation - The Bearish Root, Stock Traders Blog</dc:creator>
		<pubDate>Fri, 03 Jul 2009 07:50:07 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134541</guid>
		<description>[...] is the article that is questioning the United States&#8217; ability to pay back its national debt, &#8220;Can they ... The following is a quote from it which is originally from Peter Schiff. The current recession, is [...]</description>
		<content:encoded><![CDATA[<p>[...] is the article that is questioning the United States&#8217; ability to pay back its national debt, &#8220;Can they &#8230; The following is a quote from it which is originally from Peter Schiff. The current recession, is [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Stock Traders Blog</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134540</link>
		<dc:creator>Stock Traders Blog</dc:creator>
		<pubDate>Fri, 03 Jul 2009 07:18:33 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134540</guid>
		<description>That is an excellent article that that everyone should read. As an investor, an ordinary person, one of the working class I think I have to keep the points for the article in mind and that will help me manage my life better to prepare for the worst.</description>
		<content:encoded><![CDATA[<p>That is an excellent article that that everyone should read. As an investor, an ordinary person, one of the working class I think I have to keep the points for the article in mind and that will help me manage my life better to prepare for the worst.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Osgoodwisdom.com &#187; Can they pay it back?</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134539</link>
		<dc:creator>Osgoodwisdom.com &#187; Can they pay it back?</dc:creator>
		<pubDate>Fri, 26 Jun 2009 15:28:31 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134539</guid>
		<description>[...] http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/ [...]</description>
		<content:encoded><![CDATA[<p>[...] <a href="http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/" rel="nofollow">http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/</a> [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Gary Ogletree</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134538</link>
		<dc:creator>Gary Ogletree</dc:creator>
		<pubDate>Fri, 26 Jun 2009 06:12:49 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134538</guid>
		<description>The story smells like a fraud.  Jews have contributed far more to Western Civ than they have received.  Don&#039;t buy the propaganda.</description>
		<content:encoded><![CDATA[<p>The story smells like a fraud.  Jews have contributed far more to Western Civ than they have received.  Don&#039;t buy the propaganda.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Gary Ogletree</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134537</link>
		<dc:creator>Gary Ogletree</dc:creator>
		<pubDate>Fri, 26 Jun 2009 06:06:58 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134537</guid>
		<description>America needs Canadian oil, gas, hydroelectric, lumber...  Canada needs, uh, uh, the NFL?</description>
		<content:encoded><![CDATA[<p>America needs Canadian oil, gas, hydroelectric, lumber&#8230;  Canada needs, uh, uh, the NFL?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Gary Ogletree</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134536</link>
		<dc:creator>Gary Ogletree</dc:creator>
		<pubDate>Fri, 26 Jun 2009 06:02:53 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134536</guid>
		<description>It ain&#039;t over yet.  The American public is like that mule who needed a 2x4 in the head to get his attention.  At some point we will wake up and get it together.  But the party is over for a good while.  And thanks for stepping up for the USA.</description>
		<content:encoded><![CDATA[<p>It ain&#039;t over yet.  The American public is like that mule who needed a 2&#215;4 in the head to get his attention.  At some point we will wake up and get it together.  But the party is over for a good while.  And thanks for stepping up for the USA.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Gary Ogletree</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134535</link>
		<dc:creator>Gary Ogletree</dc:creator>
		<pubDate>Fri, 26 Jun 2009 05:56:44 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134535</guid>
		<description>I think you&#039;re right. I suspect the criminal gang that runs the Treasury and owns the Fed have already made plans to default on US Debt.  In the meantime they will try to prop up the House of Cards as long as possible to extract more free money from the taxpayer.</description>
		<content:encoded><![CDATA[<p>I think you&#039;re right. I suspect the criminal gang that runs the Treasury and owns the Fed have already made plans to default on US Debt.  In the meantime they will try to prop up the House of Cards as long as possible to extract more free money from the taxpayer.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: The_Green_Dwarf</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134534</link>
		<dc:creator>The_Green_Dwarf</dc:creator>
		<pubDate>Thu, 25 Jun 2009 17:15:21 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134534</guid>
		<description>I second that!!!</description>
		<content:encoded><![CDATA[<p>I second that!!!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: The_Green_Dwarf</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134533</link>
		<dc:creator>The_Green_Dwarf</dc:creator>
		<pubDate>Thu, 25 Jun 2009 17:13:37 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134533</guid>
		<description>IMHO, this is not doom but an opportunity for Canada. To find other, more sustainable markets.</description>
		<content:encoded><![CDATA[<p>IMHO, this is not doom but an opportunity for Canada. To find other, more sustainable markets.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: keith_c</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134532</link>
		<dc:creator>keith_c</dc:creator>
		<pubDate>Thu, 25 Jun 2009 14:48:16 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134532</guid>
		<description>what happened to switzerland&#039;s economy from 1900-1950? We can be switzerland too if we play our cards right, and our oil wealth is a wonderful thing to make it happen and pay for our government. With low enough taxes we can start stealing rich citizens and startup businesses from the US, like Switzerland did. Ontario autos stopped making us rich in about 1988</description>
		<content:encoded><![CDATA[<p>what happened to switzerland&#039;s economy from 1900-1950? We can be switzerland too if we play our cards right, and our oil wealth is a wonderful thing to make it happen and pay for our government. With low enough taxes we can start stealing rich citizens and startup businesses from the US, like Switzerland did. Ontario autos stopped making us rich in about 1988</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Debt, Doom, and Food &#124; PrudentHome.com</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134531</link>
		<dc:creator>Debt, Doom, and Food &#124; PrudentHome.com</dc:creator>
		<pubDate>Thu, 25 Jun 2009 03:44:13 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134531</guid>
		<description>[...] Economy&#8211;Debt Doom: “Can they pay it back?” by Colin Campbell at www2.macleans.ca, via lewrockwell.com today, sports this sub-line, “The [...]</description>
		<content:encoded><![CDATA[<p>[...] Economy&#8211;Debt Doom: “Can they pay it back?” by Colin Campbell at www2.macleans.ca, via lewrockwell.com today, sports this sub-line, “The [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Roundup &#8211; We Talkin Bout Practice &#171; The Heat Death Hour</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134530</link>
		<dc:creator>Roundup &#8211; We Talkin Bout Practice &#171; The Heat Death Hour</dc:creator>
		<pubDate>Thu, 25 Jun 2009 03:20:40 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134530</guid>
		<description>[...] Can they pay it back? The U.S. is about to go broke and they’ll take us down with them [MacLeans - Canada] [...]</description>
		<content:encoded><![CDATA[<p>[...] Can they pay it back? The U.S. is about to go broke and they’ll take us down with them [MacLeans - Canada] [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Top Posts &#171; WordPress.com</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134529</link>
		<dc:creator>Top Posts &#171; WordPress.com</dc:creator>
		<pubDate>Thu, 25 Jun 2009 00:07:54 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134529</guid>
		<description>[...]  Can they pay it back? When Peter Schiff was making the rounds on U.S. cable news shows in 2007, warning about the collapse of the housing [...] [...]</description>
		<content:encoded><![CDATA[<p>[...]  Can they pay it back? When Peter Schiff was making the rounds on U.S. cable news shows in 2007, warning about the collapse of the housing [...] [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Jasper</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134528</link>
		<dc:creator>Jasper</dc:creator>
		<pubDate>Wed, 24 Jun 2009 22:43:35 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134528</guid>
		<description>I thought I was reading the Washinton Times for  few moments...

When did MacLean&#039;s morph into a wildly right wing rag? Y&#039;all do realize this Schiff fellow was an adviser to Ron Paul, don&#039;t you, and that he&#039;s an advocate of the bat sh*t crazy Austrian School? What&#039;s next, articles about how Obama is a Muslim?</description>
		<content:encoded><![CDATA[<p>I thought I was reading the Washinton Times for  few moments&#8230;</p>
<p>When did MacLean&#039;s morph into a wildly right wing rag? Y&#039;all do realize this Schiff fellow was an adviser to Ron Paul, don&#039;t you, and that he&#039;s an advocate of the bat sh*t crazy Austrian School? What&#039;s next, articles about how Obama is a Muslim?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Ed_Sweeney</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134527</link>
		<dc:creator>Ed_Sweeney</dc:creator>
		<pubDate>Wed, 24 Jun 2009 16:40:36 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134527</guid>
		<description>Gee, pat, last time I checked it was planet Earth, but sans spaceship and the time to survey the galaxy, I can&#039;t absolutely confirm that.

Like the saying goes, &quot;If you owe the bank a million dollars, that is your problem. If you owe the bank a billion dollars, that is their problem.&quot; And gee, pat, if these people have been saying the same thing for twenty years, I guess all we can conclude is that they have been wrong for 20 years in a row. Good track record.

And gee pat, don&#039;t look behind you now, the Gestapo are creeping up on ya.</description>
		<content:encoded><![CDATA[<p>Gee, pat, last time I checked it was planet Earth, but sans spaceship and the time to survey the galaxy, I can&#039;t absolutely confirm that.</p>
<p>Like the saying goes, &quot;If you owe the bank a million dollars, that is your problem. If you owe the bank a billion dollars, that is their problem.&quot; And gee, pat, if these people have been saying the same thing for twenty years, I guess all we can conclude is that they have been wrong for 20 years in a row. Good track record.</p>
<p>And gee pat, don&#039;t look behind you now, the Gestapo are creeping up on ya.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Economic Concerns &#171; A Slice of Polis</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134526</link>
		<dc:creator>Economic Concerns &#171; A Slice of Polis</dc:creator>
		<pubDate>Wed, 24 Jun 2009 14:55:06 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134526</guid>
		<description>[...]  I highly recommend this if you want to get a little bit of a grasp of what is affecting the economy and future economic [...]</description>
		<content:encoded><![CDATA[<p>[...]  I highly recommend this if you want to get a little bit of a grasp of what is affecting the economy and future economic [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: ¿Pueden los USA devolver lo que deben? Artículo. - Burbuja Económica</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134525</link>
		<dc:creator>¿Pueden los USA devolver lo que deben? Artículo. - Burbuja Económica</dc:creator>
		<pubDate>Wed, 24 Jun 2009 09:58:55 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134525</guid>
		<description>[...]  [...]</description>
		<content:encoded><![CDATA[<p>[...]  [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Nicolae</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134543</link>
		<dc:creator>Nicolae</dc:creator>
		<pubDate>Wed, 24 Jun 2009 06:56:45 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134543</guid>
		<description>In 1492, Chemor, chief Rabbi of Spain, wrote to the Grand Sanhedrin, which had its seat in Constantinople, for advice, when a Spanish law threatened expulsion.2 This was the reply:

&#8221; Beloved brethren in Moses, we have received your letter in which you tell us of the anxieties and misfortunes which you are enduring. We are pierced by as great pain to hear it as yourselves.

The advice of the Grand Satraps and Rabbis is the following:

1. As for what you say that the King of Spain obliges you to become Christians: do it, since you cannot do otherwise.

2. As for what you say about the command to despoil you of your property: make your sons merchants that they may despoil, little by little, the Christians of theirs.

3. As for what you say about making attempts on your lives: make your sons doctors and apothecaries, that they may take away Christians&#8217; lives.

4. As for what you say of their destroying your synagogues: make your sons canons and clerics in order that they may destroy their churches. [Emphasis mine]

5. As for the many other vexations you complain of: arrange that your sons become advocates and lawyers, and see that they always mix in affairs of State, that by putting Christians under your yoke you may dominate the world and be avenged on them.

6. Do not swerve from this order that we give you, because you will find by experience that, humiliated as you are, you will reach the actuality of power.

(Signed) PRINCE OF THE JEWS OF CONSTANTINOPLE.&#8221;

2. The reply is found in the sixteenth century Spanish book, La Silva Curiosa, by Julio-Iniguez de Medrano (Paris, Orry, 1608), on pages 156 and 157, with the following explanation: &#8220;This letter following was found in the archives of Toledo by the Hermit of Salamanca, (while) searching the ancient records of the kingdoms of Spain; and, as it is expressive and remarkable, I wish to write it here.&#8221; &#8212; vide, photostat facing page 80.

~ The above was quoted from Waters Flowing Eastward by Paquita de Shishmareff, pp. 73-74 YOU ASSISTED THE CONVERTED KHAZARS JEWS TO DO THIS TO AMERICA.JEWS HAVE ADOPTED JUDAISM IN 740 KINGDOM OF KHAZARIA,BIBLE,REVELATION 2:9,,3:9...ZECHARIAH 2:1,,2:2,,2:3,,2:4 USA=NEW ISRAEL.</description>
		<content:encoded><![CDATA[<p>In 1492, Chemor, chief Rabbi of Spain, wrote to the Grand Sanhedrin, which had its seat in Constantinople, for advice, when a Spanish law threatened expulsion.2 This was the reply:</p>
<p>&rdquo; Beloved brethren in Moses, we have received your letter in which you tell us of the anxieties and misfortunes which you are enduring. We are pierced by as great pain to hear it as yourselves.</p>
<p>The advice of the Grand Satraps and Rabbis is the following:</p>
<p>1. As for what you say that the King of Spain obliges you to become Christians: do it, since you cannot do otherwise.</p>
<p>2. As for what you say about the command to despoil you of your property: make your sons merchants that they may despoil, little by little, the Christians of theirs.</p>
<p>3. As for what you say about making attempts on your lives: make your sons doctors and apothecaries, that they may take away Christians&rsquo; lives.</p>
<p>4. As for what you say of their destroying your synagogues: make your sons canons and clerics in order that they may destroy their churches. [Emphasis mine]</p>
<p>5. As for the many other vexations you complain of: arrange that your sons become advocates and lawyers, and see that they always mix in affairs of State, that by putting Christians under your yoke you may dominate the world and be avenged on them.</p>
<p>6. Do not swerve from this order that we give you, because you will find by experience that, humiliated as you are, you will reach the actuality of power.</p>
<p>(Signed) PRINCE OF THE JEWS OF CONSTANTINOPLE.&rdquo;</p>
<p>2. The reply is found in the sixteenth century Spanish book, La Silva Curiosa, by Julio-Iniguez de Medrano (Paris, Orry, 1608), on pages 156 and 157, with the following explanation: &ldquo;This letter following was found in the archives of Toledo by the Hermit of Salamanca, (while) searching the ancient records of the kingdoms of Spain; and, as it is expressive and remarkable, I wish to write it here.&rdquo; &mdash; vide, photostat facing page 80.</p>
<p>~ The above was quoted from Waters Flowing Eastward by Paquita de Shishmareff, pp. 73-74 YOU ASSISTED THE CONVERTED KHAZARS JEWS TO DO THIS TO AMERICA.JEWS HAVE ADOPTED JUDAISM IN 740 KINGDOM OF KHAZARIA,BIBLE,REVELATION 2:9,,3:9&#8230;ZECHARIAH 2:1,,2:2,,2:3,,2:4 USA=NEW ISRAEL.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: JustinWordswrth</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134524</link>
		<dc:creator>JustinWordswrth</dc:creator>
		<pubDate>Wed, 24 Jun 2009 05:30:05 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134524</guid>
		<description>Quite right.</description>
		<content:encoded><![CDATA[<p>Quite right.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Monnie</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134523</link>
		<dc:creator>Monnie</dc:creator>
		<pubDate>Wed, 24 Jun 2009 02:46:10 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134523</guid>
		<description>Little Pudding---brilliant exposition! I wish everyone could read and copy it for later rereading. Tell me if there&#039;s a way I can do that, will you?

Patrick----You&#039;re spot on. The gov&#039;ts refuse to allow the market to correct, because they don&#039;t understand how the real world works, or because it would be very politically unwise in the short term to tell the sheeple, &quot;Look, the gov&#039;t cannot fix this. We&#039;ve got to let the economy fix itself over time. We&#039;ll do our best to get the heck out of the way, and there will be a LOT of pain while this is happening, but in the long run we&#039;ll all be much better for it. If we don&#039;t allow the market to self-correct, we&#039;ll have a total collapse.&quot;</description>
		<content:encoded><![CDATA[<p>Little Pudding&#8212;brilliant exposition! I wish everyone could read and copy it for later rereading. Tell me if there&#039;s a way I can do that, will you?</p>
<p>Patrick&#8212;-You&#039;re spot on. The gov&#039;ts refuse to allow the market to correct, because they don&#039;t understand how the real world works, or because it would be very politically unwise in the short term to tell the sheeple, &quot;Look, the gov&#039;t cannot fix this. We&#039;ve got to let the economy fix itself over time. We&#039;ll do our best to get the heck out of the way, and there will be a LOT of pain while this is happening, but in the long run we&#039;ll all be much better for it. If we don&#039;t allow the market to self-correct, we&#039;ll have a total collapse.&quot;</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Hugh Statt</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134522</link>
		<dc:creator>Hugh Statt</dc:creator>
		<pubDate>Wed, 24 Jun 2009 02:28:45 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134522</guid>
		<description>And then America will just attack us and take everything as they have a habit of doing world wide to weak countries.</description>
		<content:encoded><![CDATA[<p>And then America will just attack us and take everything as they have a habit of doing world wide to weak countries.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Din</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134521</link>
		<dc:creator>Din</dc:creator>
		<pubDate>Wed, 24 Jun 2009 01:46:12 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134521</guid>
		<description>YES..WANT TO KNOW JUST CLICK  &lt;a href=&quot;http://www.kliks.my/kamal/&quot; target=&quot;_blank&quot; rel=&quot;nofollow&quot;&gt;http://www.kliks.my/kamal/&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>YES..WANT TO KNOW JUST CLICK  <a href="http://www.kliks.my/kamal/" target="_blank" rel="nofollow">http://www.kliks.my/kamal/</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: madeyoulook</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134520</link>
		<dc:creator>madeyoulook</dc:creator>
		<pubDate>Wed, 24 Jun 2009 00:56:46 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134520</guid>
		<description>It was once said that those who do not study history are condemned to repeat it.  Not often said enough, however, is that those who do study history are also condemned to repeat it.  Natural selection for common sense has not quite refined a critical mass of population within &lt;i&gt;Homo sapiens&lt;/i&gt; yet.</description>
		<content:encoded><![CDATA[<p>It was once said that those who do not study history are condemned to repeat it.  Not often said enough, however, is that those who do study history are also condemned to repeat it.  Natural selection for common sense has not quite refined a critical mass of population within <i>Homo sapiens</i> yet.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: CourtGQuinn</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134519</link>
		<dc:creator>CourtGQuinn</dc:creator>
		<pubDate>Wed, 24 Jun 2009 00:27:16 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134519</guid>
		<description>Did you know that Germany tried to buy Anticosti Island in the Gulf of St.Lawrence in 1937? Big island...almost 8000 sq km. Makes one wonder how history would have turned out if PM King would have allowed such a deal to go through. Also makes one wonder if Germany/Nazis/Hitler were thinking of inhabiting the island with Jews or &quot;other&quot; Germans. I&#039;ve heard about the German &quot;Madagascar plan&quot;, but only after researching Anticosti on wiki did i learn about the proposed deal in 1937.</description>
		<content:encoded><![CDATA[<p>Did you know that Germany tried to buy Anticosti Island in the Gulf of St.Lawrence in 1937? Big island&#8230;almost 8000 sq km. Makes one wonder how history would have turned out if PM King would have allowed such a deal to go through. Also makes one wonder if Germany/Nazis/Hitler were thinking of inhabiting the island with Jews or &quot;other&quot; Germans. I&#039;ve heard about the German &quot;Madagascar plan&quot;, but only after researching Anticosti on wiki did i learn about the proposed deal in 1937.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: CourtGQuinn</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134518</link>
		<dc:creator>CourtGQuinn</dc:creator>
		<pubDate>Wed, 24 Jun 2009 00:06:03 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134518</guid>
		<description>continued...

 The Chinese who come to inhabit and build in Kuiu could make futuristic buildings worthy of settlement and tourists from China and mainland North America. While not exclusively a &quot;white collar&quot; city due to land constraints....&quot;New Hong Kong&quot;/Kuiu could showcase Chinese excellence in trades involving medicine, technology, tourism...yet be situated in a North American time zone and a short flight/boatride from Seattle/SanFran/Vancouver.

The Japanese buying Rockefeller Centre in the 80&#039;s as a &quot;showcase&quot; deal is not apt for the situation China and America finds itself in today. &quot;Big deals&quot; need to be thought of that are mutually beneficial for both China and America.</description>
		<content:encoded><![CDATA[<p>continued&#8230;</p>
<p> The Chinese who come to inhabit and build in Kuiu could make futuristic buildings worthy of settlement and tourists from China and mainland North America. While not exclusively a &quot;white collar&quot; city due to land constraints&#8230;.&quot;New Hong Kong&quot;/Kuiu could showcase Chinese excellence in trades involving medicine, technology, tourism&#8230;yet be situated in a North American time zone and a short flight/boatride from Seattle/SanFran/Vancouver.</p>
<p>The Japanese buying Rockefeller Centre in the 80&#039;s as a &quot;showcase&quot; deal is not apt for the situation China and America finds itself in today. &quot;Big deals&quot; need to be thought of that are mutually beneficial for both China and America.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: CourtGQuinn</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134517</link>
		<dc:creator>CourtGQuinn</dc:creator>
		<pubDate>Tue, 23 Jun 2009 23:58:33 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134517</guid>
		<description>Kuiu Island, Alaska. Approx 2000 sq km. Singapore approx 650 sq km.  Hong Kong approx 1100 sq km. Rhode Island approx 2700 sq km.

America to China: &quot;How about this...to settle some of our debt we give you Kuiu Island in Alaska to establish a great, new Chinese American city. It could be the biggest city north of Seattle and Vancouver on the Pacific northwest coast. Kuiu is located near Prince Rupert BC which has railway and port facilities to support a new city of a few million. We can negotiate economic  considerations and political representation. Perhaps Kuiu could be a stand alone city state within America or maybe Kuiu could be part of Alaska jurisdictions/laws but independent as a city. Perhaps the million plus inhabitants of Kuiu might gain instant proportional voting rights within the House of Representatives...with future considerations regarding electoral college presidental votes and Senate seats. Perhaps the island might be listed as a fire-arm free province...yet there still might be great opportunities for hunting on the mainland with Native and American guides.</description>
		<content:encoded><![CDATA[<p>Kuiu Island, Alaska. Approx 2000 sq km. Singapore approx 650 sq km.  Hong Kong approx 1100 sq km. Rhode Island approx 2700 sq km.</p>
<p>America to China: &quot;How about this&#8230;to settle some of our debt we give you Kuiu Island in Alaska to establish a great, new Chinese American city. It could be the biggest city north of Seattle and Vancouver on the Pacific northwest coast. Kuiu is located near Prince Rupert BC which has railway and port facilities to support a new city of a few million. We can negotiate economic  considerations and political representation. Perhaps Kuiu could be a stand alone city state within America or maybe Kuiu could be part of Alaska jurisdictions/laws but independent as a city. Perhaps the million plus inhabitants of Kuiu might gain instant proportional voting rights within the House of Representatives&#8230;with future considerations regarding electoral college presidental votes and Senate seats. Perhaps the island might be listed as a fire-arm free province&#8230;yet there still might be great opportunities for hunting on the mainland with Native and American guides.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Nadorn</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134516</link>
		<dc:creator>Nadorn</dc:creator>
		<pubDate>Tue, 23 Jun 2009 23:26:08 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134516</guid>
		<description>Hell of a lot of people deserve to be humbled, but it sucks that I have to be amongst them even though I&#039;ve been against it the whole time.</description>
		<content:encoded><![CDATA[<p>Hell of a lot of people deserve to be humbled, but it sucks that I have to be amongst them even though I&#039;ve been against it the whole time.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Thwim</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134515</link>
		<dc:creator>Thwim</dc:creator>
		<pubDate>Tue, 23 Jun 2009 23:07:54 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134515</guid>
		<description>Uh. You do realize how much of energy the US gets from Canada and the restrictions NAFTA places on Canada to ensure that the US keeps getting a cheap supply?

No?

Perhaps you should read up before speaking up.</description>
		<content:encoded><![CDATA[<p>Uh. You do realize how much of energy the US gets from Canada and the restrictions NAFTA places on Canada to ensure that the US keeps getting a cheap supply?</p>
<p>No?</p>
<p>Perhaps you should read up before speaking up.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Adam</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134514</link>
		<dc:creator>Adam</dc:creator>
		<pubDate>Tue, 23 Jun 2009 22:22:10 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134514</guid>
		<description>Agreed......I think job losses are playing an important role here.</description>
		<content:encoded><![CDATA[<p>Agreed&#8230;&#8230;I think job losses are playing an important role here.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Patrick</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134513</link>
		<dc:creator>Patrick</dc:creator>
		<pubDate>Tue, 23 Jun 2009 21:19:12 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134513</guid>
		<description>Economic depressions and recessions are inevitable whether in a free market or socialized / fascist hybrids seen across the world and specifically in the US. Mal-investment is the root cause and recessions purge the mal-investment liquidate the assets of the speculators who guessed wrong and reward those with the ability to buy up assets and put them to market supported uses. When governments intervene they protect and subsidize mal-investment there by rewarding failure (GM, jpmc, boa, aig, gs, etc [not lehman]) think bush giving paul bremmer and others the medal of freedom for their planning and &quot;effectiveness&quot; in Iraq. Without the liquidation of malinvestment, the inevitable recession/correction is only DELAYED.</description>
		<content:encoded><![CDATA[<p>Economic depressions and recessions are inevitable whether in a free market or socialized / fascist hybrids seen across the world and specifically in the US. Mal-investment is the root cause and recessions purge the mal-investment liquidate the assets of the speculators who guessed wrong and reward those with the ability to buy up assets and put them to market supported uses. When governments intervene they protect and subsidize mal-investment there by rewarding failure (GM, jpmc, boa, aig, gs, etc [not lehman]) think bush giving paul bremmer and others the medal of freedom for their planning and &quot;effectiveness&quot; in Iraq. Without the liquidation of malinvestment, the inevitable recession/correction is only DELAYED.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Patrick</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134512</link>
		<dc:creator>Patrick</dc:creator>
		<pubDate>Tue, 23 Jun 2009 21:18:39 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134512</guid>
		<description>gee ed. What planet do you live on? You are right about China wanting their &quot;money&quot; back, but if you read what China is really saying, they want their money back, and they want it now. We&#039;re 92 trillion dollars in debt, Ed. Yes, 92. These numbers in the story are wrong. Peter Schiff, Ron Paul, and others have been saying the same thing for over 20 years. Let me put it to you like this: If you print 8 trillion Babe Ruth baseball cards, they&#039;re worthless. Get it? The dollar is done. Over. The fiat money system is a fraud. It&#039;s counterfeit money. There is no way to fix it. Already there is a fascist economic takeover by the bankers and the federal reserve. What don&#039;t you get??</description>
		<content:encoded><![CDATA[<p>gee ed. What planet do you live on? You are right about China wanting their &quot;money&quot; back, but if you read what China is really saying, they want their money back, and they want it now. We&#039;re 92 trillion dollars in debt, Ed. Yes, 92. These numbers in the story are wrong. Peter Schiff, Ron Paul, and others have been saying the same thing for over 20 years. Let me put it to you like this: If you print 8 trillion Babe Ruth baseball cards, they&#039;re worthless. Get it? The dollar is done. Over. The fiat money system is a fraud. It&#039;s counterfeit money. There is no way to fix it. Already there is a fascist economic takeover by the bankers and the federal reserve. What don&#039;t you get??</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: xdream</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134511</link>
		<dc:creator>xdream</dc:creator>
		<pubDate>Tue, 23 Jun 2009 21:10:42 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134511</guid>
		<description>Good story but the numbers are all wrong. We&#039;re 12 trillion in debt. We&#039;ve printed 8 trillion in two years. The Bailouts are over 12.8 trillion, the war was 3.2 trillion, and social security and medicare etc are 56 trillion. So... That&#039;s 92 trillion. How much is a Babe Ruth baseball card worth if you print 8 trillion of them? Nothing.</description>
		<content:encoded><![CDATA[<p>Good story but the numbers are all wrong. We&#039;re 12 trillion in debt. We&#039;ve printed 8 trillion in two years. The Bailouts are over 12.8 trillion, the war was 3.2 trillion, and social security and medicare etc are 56 trillion. So&#8230; That&#039;s 92 trillion. How much is a Babe Ruth baseball card worth if you print 8 trillion of them? Nothing.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Monnie</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134510</link>
		<dc:creator>Monnie</dc:creator>
		<pubDate>Tue, 23 Jun 2009 21:04:38 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134510</guid>
		<description>The idiot Keynesians and statists---and they infest the banking industry, the government, the media, and academia---have gotten the whole world into a gigantic mess.

The Austrian School economists like Schiff saw this train wreck coming long ago, but they were mostly ignored until now. On a political level, Ron Paul is one of the very few who has a clue, and he&#039;s been ostracized as some right-wing nutball.

We idiotic and apathetic Americans will have to suffer through a full-on systemic collapse to start to understand the truth about our debt spending, and our terrible  government and Federal Reserve market  meddling. Too bad Canada and much of the rest of the world will have to suffer some as well.</description>
		<content:encoded><![CDATA[<p>The idiot Keynesians and statists&#8212;and they infest the banking industry, the government, the media, and academia&#8212;have gotten the whole world into a gigantic mess.</p>
<p>The Austrian School economists like Schiff saw this train wreck coming long ago, but they were mostly ignored until now. On a political level, Ron Paul is one of the very few who has a clue, and he&#039;s been ostracized as some right-wing nutball.</p>
<p>We idiotic and apathetic Americans will have to suffer through a full-on systemic collapse to start to understand the truth about our debt spending, and our terrible  government and Federal Reserve market  meddling. Too bad Canada and much of the rest of the world will have to suffer some as well.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Monnie</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134509</link>
		<dc:creator>Monnie</dc:creator>
		<pubDate>Tue, 23 Jun 2009 20:55:21 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134509</guid>
		<description>The USA has painted itself into a corner, which debt spending always does eventually. We&#039;ve played every delaying tactic, but the world is starting to wise up to our little game.

The Chinese have been our enabler. Of course, it&#039;s been good for them, too, up to a point, but now their biggest customer isn&#039;t buying so much, and tens of millions of Chinese are now unemployed as a result. They also realize they are WAY overinvested in our debt, and we are going to stiff them through inflation or default.

The USD is about to lose its reserve currency status.

Canada, don&#039;t follow USA&#039;s lead into the economic and social abyss!</description>
		<content:encoded><![CDATA[<p>The USA has painted itself into a corner, which debt spending always does eventually. We&#039;ve played every delaying tactic, but the world is starting to wise up to our little game.</p>
<p>The Chinese have been our enabler. Of course, it&#039;s been good for them, too, up to a point, but now their biggest customer isn&#039;t buying so much, and tens of millions of Chinese are now unemployed as a result. They also realize they are WAY overinvested in our debt, and we are going to stiff them through inflation or default.</p>
<p>The USD is about to lose its reserve currency status.</p>
<p>Canada, don&#039;t follow USA&#039;s lead into the economic and social abyss!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: John Weir</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134508</link>
		<dc:creator>John Weir</dc:creator>
		<pubDate>Tue, 23 Jun 2009 20:49:59 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134508</guid>
		<description>Can the U.S. pay it back? You bet.  First the money will be debased and the creditors will be repaid in worthless dollars. Savers will be wiped out as will all currencies tied to the greenback.  The quickest path to recovery is the collapse of the Federal Reserve System and the U.S. government.  The longer this rotted system tries to keep the life support plug from being pulled, the more painful this process is going to be for everyone.</description>
		<content:encoded><![CDATA[<p>Can the U.S. pay it back? You bet.  First the money will be debased and the creditors will be repaid in worthless dollars. Savers will be wiped out as will all currencies tied to the greenback.  The quickest path to recovery is the collapse of the Federal Reserve System and the U.S. government.  The longer this rotted system tries to keep the life support plug from being pulled, the more painful this process is going to be for everyone.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Monnie</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134507</link>
		<dc:creator>Monnie</dc:creator>
		<pubDate>Tue, 23 Jun 2009 20:39:42 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134507</guid>
		<description>With all due respect, this article is way behind the curve.

The Chinese have already started cutting back. How? By reducing their total Treasury &quot;investments&quot;, by pretty much restricting their Treasury buying to the short-term stuff, by drastically raising their gold and other commodity purchases, by spending more of their money on their own infrastructure, and by buying much more into our hedge funds(which are somewhat guaranteeed by our Treasury Dept., and for which they are using their T-bonds as collateral!).

They will also start demanding to be allowed to buy large equity interests in our corporations, and we will be ill advised to decline, as we did in 2005 in that Unocal deal.

BTW, they will also start more openly dictating our foreign policy on a behind-the-scenes basis, if they are not already so doing, especially in areas that concern them directly, such as Taiwan and the South Pacific.</description>
		<content:encoded><![CDATA[<p>With all due respect, this article is way behind the curve.</p>
<p>The Chinese have already started cutting back. How? By reducing their total Treasury &quot;investments&quot;, by pretty much restricting their Treasury buying to the short-term stuff, by drastically raising their gold and other commodity purchases, by spending more of their money on their own infrastructure, and by buying much more into our hedge funds(which are somewhat guaranteeed by our Treasury Dept., and for which they are using their T-bonds as collateral!).</p>
<p>They will also start demanding to be allowed to buy large equity interests in our corporations, and we will be ill advised to decline, as we did in 2005 in that Unocal deal.</p>
<p>BTW, they will also start more openly dictating our foreign policy on a behind-the-scenes basis, if they are not already so doing, especially in areas that concern them directly, such as Taiwan and the South Pacific.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Can they pay it back? - Grasscity.com Forums</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-2/#comment-134506</link>
		<dc:creator>Can they pay it back? - Grasscity.com Forums</dc:creator>
		<pubDate>Tue, 23 Jun 2009 19:57:47 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134506</guid>
		<description>[...] they pay it back?      The US is about to go broke, and they&#039;ll take us down with them.   When Peter Schiff was making the rounds on U.S. cable news shows in 2007, warning about the [...]</description>
		<content:encoded><![CDATA[<p>[...] they pay it back?      The US is about to go broke, and they&#39;ll take us down with them.   When Peter Schiff was making the rounds on U.S. cable news shows in 2007, warning about the [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Jack&#8217;s Newswatch &#187; Blog Archive &#187; Can they pay it back?</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134505</link>
		<dc:creator>Jack&#8217;s Newswatch &#187; Blog Archive &#187; Can they pay it back?</dc:creator>
		<pubDate>Tue, 23 Jun 2009 19:47:58 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134505</guid>
		<description>[...] [More]      Featured      You can leave a response, or trackback from your own site. [...]</description>
		<content:encoded><![CDATA[<p>[...] [More]      Featured      You can leave a response, or trackback from your own site. [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: The Austrian</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134504</link>
		<dc:creator>The Austrian</dc:creator>
		<pubDate>Tue, 23 Jun 2009 18:48:49 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134504</guid>
		<description>Yes, these individuals are this monumentally ignorant. A primary example of this is president Obama, a graduate of Harvard, and the economists he has surrounded himself with. Unfortunately, the school of thought that is taught at this university is primarily Keynesianism, that is, the ideas of the late economist John Maynard Keynes.

For a detailed criticism of Mr. Keynes ideas, please read the following below:

The Misesian Case Against Keynes
by: Hans Hermann-Hoppe
&lt;a href=&quot;http://mises.org/etexts/hoppekeynes.pdf&quot; target=&quot;_blank&quot; rel=&quot;nofollow&quot;&gt;http://mises.org/etexts/hoppekeynes.pdf&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>Yes, these individuals are this monumentally ignorant. A primary example of this is president Obama, a graduate of Harvard, and the economists he has surrounded himself with. Unfortunately, the school of thought that is taught at this university is primarily Keynesianism, that is, the ideas of the late economist John Maynard Keynes.</p>
<p>For a detailed criticism of Mr. Keynes ideas, please read the following below:</p>
<p>The Misesian Case Against Keynes<br />
by: Hans Hermann-Hoppe<br />
<a href="http://mises.org/etexts/hoppekeynes.pdf" target="_blank" rel="nofollow">http://mises.org/etexts/hoppekeynes.pdf</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: The Austrian</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134503</link>
		<dc:creator>The Austrian</dc:creator>
		<pubDate>Tue, 23 Jun 2009 18:42:29 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134503</guid>
		<description>The problem Jim is that NAFTA is not free trade, despite its title claim to the contrary. Rather, it is government managed trade designed to favor politically-connected/favored businesses. It si quite incorrect to suggest that free trade is the culprit behind &quot;making super-rich even richer, and the poor poorer.&quot; Government central planning, that is to say, regulation, taxation, and perhaps most of all, central banks&#039; ability to print money out of thin air (in effect, a tax) that has culminated in the present economic crisis.

For a detailed explanation please read the book &quot;Meltdown&quot; by Thomas E. Woods, Jr.
&lt;a href=&quot;http://www.amazon.com/Meltdown-Free-Market-Collapsed-Government-Bailouts/dp/1596985879/ref=sr_1_1?ie=UTF8&amp;s=books&amp;qid=1245782521&amp;sr=8-1&quot; target=&quot;_blank&quot; rel=&quot;nofollow&quot;&gt;http://www.amazon.com/Meltdown-Free-Market-Collap...&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>The problem Jim is that NAFTA is not free trade, despite its title claim to the contrary. Rather, it is government managed trade designed to favor politically-connected/favored businesses. It si quite incorrect to suggest that free trade is the culprit behind &quot;making super-rich even richer, and the poor poorer.&quot; Government central planning, that is to say, regulation, taxation, and perhaps most of all, central banks&#039; ability to print money out of thin air (in effect, a tax) that has culminated in the present economic crisis.</p>
<p>For a detailed explanation please read the book &quot;Meltdown&quot; by Thomas E. Woods, Jr.<br />
<a href="http://www.amazon.com/Meltdown-Free-Market-Collapsed-Government-Bailouts/dp/1596985879/ref=sr_1_1?ie=UTF8&amp;s=books&amp;qid=1245782521&amp;sr=8-1" target="_blank" rel="nofollow">http://www.amazon.com/Meltdown-Free-Market-Collap&#8230;</a></p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Economic analysis &#124; Must Reads Tuesday, June 23, 2009 - Contrarian Stock Market Investing News - Featuring Bargain Stocks</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134502</link>
		<dc:creator>Economic analysis &#124; Must Reads Tuesday, June 23, 2009 - Contrarian Stock Market Investing News - Featuring Bargain Stocks</dc:creator>
		<pubDate>Tue, 23 Jun 2009 18:02:42 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134502</guid>
		<description>[...] Can we pay it all back? [...]</description>
		<content:encoded><![CDATA[<p>[...] Can we pay it all back? [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Ed_Sweeney</title>
		<link>http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/comment-page-1/#comment-134501</link>
		<dc:creator>Ed_Sweeney</dc:creator>
		<pubDate>Tue, 23 Jun 2009 17:44:16 +0000</pubDate>
		<guid isPermaLink="false">http://tearsheet.ca/dev/?p=4269#comment-134501</guid>
		<description>Nothing will bring out the lunatics like a soothsayer delivering a message about the collapse of the evil empire! There is a self-professed &#039;expert&#039; opinion available for every conceivable economic forecast. There are fraud schemes that are based on putting out a multitude of forecasts and then only following up on the ones that prove correct. If Schiff was correct with his first forecast - and if you look closely at what he actually forecasted it is likely not as close as it appears in the rear-view mirror - the overwhelming likelihood is that he will be wrong with this one.

The truth is that US debt to GDP ratio is half of what it was in the 40&#039;s. It will indeed be sad if the current trend continues and the lessons of national debt have to be learned once again, but tales of the collapse of America are hyperbole at the moment. China does not want its greatest debtor to go broke, because a) it wants its money back, and b) America is the engine that is propelling its economic growth.</description>
		<content:encoded><![CDATA[<p>Nothing will bring out the lunatics like a soothsayer delivering a message about the collapse of the evil empire! There is a self-professed &#039;expert&#039; opinion available for every conceivable economic forecast. There are fraud schemes that are based on putting out a multitude of forecasts and then only following up on the ones that prove correct. If Schiff was correct with his first forecast &#8211; and if you look closely at what he actually forecasted it is likely not as close as it appears in the rear-view mirror &#8211; the overwhelming likelihood is that he will be wrong with this one.</p>
<p>The truth is that US debt to GDP ratio is half of what it was in the 40&#039;s. It will indeed be sad if the current trend continues and the lessons of national debt have to be learned once again, but tales of the collapse of America are hyperbole at the moment. China does not want its greatest debtor to go broke, because a) it wants its money back, and b) America is the engine that is propelling its economic growth.</p>
]]></content:encoded>
	</item>
</channel>
</rss>

