Juggling Dynamite

Danielle was a guest today with Kerry Lutz, on The Financial Survival Network, talking about recent developments in the world economy and markets.  Here is a direct audio link.

Also see Ontario Finance Minister says Federal help needed to cool housing market:

“…as housing bubbles are allowed to expand, many are hurt or drawn into unsustainable financial situations. When housing bubbles unwind, there is major collateral damage, and people are hurt through little or no fault of their own. And the historical record is that they do unwind, essentially without fail.”

— Ryerson University, City Building Institute report, March 2017, recommending foreign-buyers’ tax or a property tax changes to deter continued speculation.

Financial analyst, Author and former Goldman Sachs Managing Director, Nomi Prins sits down with EIR’s Paul Gallagher to discuss just how rotten the current financial system is, making a sobering case that we are far worse off today than we were before the 2007-08 crisis. Prins refers to her political and financial road map for 2017, (nomiprins.com) and discusses the important, combined role China and Japan can play in bringing the US back from the brink and into the new paradigm of investment in the real economy. Here is a direct video link.

Prins:  In investment banking, “If you are telling a client what their downside risk is…you might not make the sale…you’re not making money…so that wasn’t wanted.”

Big for-profit corps running our food and medical system (not health, but rather ‘sick-care’), while buying off government representatives and regulators, along with individuals abdicating personal responsibility for what we consume and feed our families, and how we care for our bodies…this is a toxic mix the world over, but the evidence is especially garish in America today.

Wendell Potter, a health insurance executive turned whistleblower, on the GOP failure to repeal Obamacare and what lessons the 2009 defeat of the public option – when Democrats controlled Congress – can offer today.  Here is a direct audio link.

All of this is connected to the need for thinking people to fight the industrial food system which is helping to make us sick and bankrupt. Above all else, we are what we consume.

It also connects with this chart, reminding that America spends far more on medical expenditures than other countries (measured at purchasing power parity), but US life expectancy is shorter than in many countries that spend far less.  See:  The problem with US health care in one chart.