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Posts Tagged ‘Debt’

Peer-to-Peer lending: A beginner’s guide

In Advice, Financial, Fresh on December 2, 2016 at 11:18 AM

Today, when you have money left over after paying your bills, you invest in big and distant corporations. You don’t even think about it. The government incentivizes you to save for your future through RSPs and TSFAs. You invest in stocks, bonds or mutual funds. Basically, all of our money goes to the financial markets. The financial system has been designed to funnel our our collective savings in that direction. As different as you might try to be, we all own a slice of the financial markets at large. Alternatively, you could start your own business or purchase an investment property, but this is a lot of risk, costs more in legal fees and taxes, and most importantly, it may entail work that you don’t have time for. So you invest in passive financial instruments. And until now, passive financial instruments basically meant big corporations. 2016 marks the year where we, individual Canadians, can re-channel some of those investments from large and distant corporations to local small businesses. Read the rest of this entry »

Where is My Father’s Money?

In Advice, Criticism, Financial, Fresh, Uncategorized on January 3, 2013 at 1:26 PM

As some of you know, I’ve been working on a book for the last few years. Here is a sneak peak.

Praying for Euro

In Criticism, Financial, Politics, Strictly Monetary: A Series on June 6, 2012 at 8:58 PM

Panic over the potential break-up of the Euro is at its highest point. People are withdrawing wads of Euro cash from Spanish and Greek banks, hiding it under the mattress and bracing for the fallout. In the Strictly Monetary Series (Part V), I told the story of how an American bank averted crisis during the panic of the Great Depression. It’s a textbook example of how banks can survive the shock of everyone demanding their money at once (bank-run) if they can secure additional cash to appease the frantic public. You don’t beat panic with prayer; you beat it with action.

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Can Currency Be Greater Than Country?

In Criticism, Financial, Fresh, Politics, Strictly Monetary: A Series on December 30, 2011 at 11:46 AM

2011 was a landmark year. Villains were captured and killed, dictators were overthrown, and the initial step was taken in releasing an HIV vaccine. But the financial story of the year was, and continues to be, Europe’s financial crisis. It is viewed more as an inconvenience than a global cultural change. However, the world may be watching the failure of an extremely bold globalization experiment called the Euro.

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True Colours

In Criticism, Financial, Politics on September 13, 2011 at 11:08 AM

Canadians know exactly what they are voting for based on the colour of the political party. Blue stands for tax cuts, less government programs, balanced budgets and big business. Red means higher taxes, better social programs and running up the debt to finance it. Orange is there to make red look like blue. Each colour comes with rhetoric. It is the brand of each political party that has been advertised to Canadians for generations.

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