Phantasmix Stock Market Blog

In absolute numbers, the deficit is the same (around $20 billion). That’s scary enough. But if you consider that here in Ontario we only have 1/6th of California’s population, the picture looks even worse.

I just learned about it today, and now I’m mad and stressed. Ignorance was definitely a bliss. I was lulled into peaceful complacency by all this talk about how Canada is stable this, and reliable that.

Canada is pretty socialist and for a lot of business that I deal with here, the government is their biggest client. So if the government goes bankrupt, it will affect everyone. Tax receipts haven’t gone down, but the spending is out of control. WTF#&@#kkk!

And on that note, here’s where the money goes in Canada: http://www.phantasmix.com/where-does-your-tax-dollar-go-us-and-canada.html I can’t be bothered to find spending for Ontario alone right now.

Most of it is for debt servicing (interest) and OTHER, meaning “whatever, we stole it”??

This idea is now going mainstream. Away from industrial economy, toward “virtual” or “intangible” economy, “idea” economy? You get the idea.

According to a $2.2 million University of Toronto study, the world is undergoing a profound shift from an industrial economy to an idea-driven, creative one. To prosper in this new climate, the study’s authors maintain, we must boost the creative content of all work in all our industries.

Source: Reader’s Digest Canada

I wanted to share a couple of blogs I follow:

Copyright Alliance, latest post

New Rules for the New Economy, latest post

The last one there is especially interesting. The author wrote a book in 1998 predicting the move towards network economy we’re experiencing now.

It’s all coming true. Maybe the old economy will die and we’ll still be kind of alright. We’ll just sell ebooks, stocks and advice to each other and make a living that way. Corporations will for the most part take care of growing GMO and cloned food and building cardboard homes.

Meant as a joke, I’m not sad, depressed or anything. Maybe just a little tired.