Tag Archives: Rbc

Derivatives as Weapons of Mass Destruction: An Explanation for non-Economists

Weapons of mass destruction exist in the financial sector. They are called derivatives. Here is a simple explanation. You should care, as they may destroy the financial system as we know it and all of us will be hurt. No one really knows how much damage could be done by an unwinding of the derivatives Continue Reading →

Canada Plans for its own Bail Out Scenario – Your Money at the Big Banks is in Potential Peril

Canadian savers may want to pay closer attention to the actions of the Government of Canada. Savers around the world were watching the Cyprus scenario unfold last spring as depositors money was quite suddenly up in the air – and then much of it was gone. Canadian savers may want to know that the government Continue Reading →