The end-game.
It's underway, right now. This evening, right under our noses; and it's all related.
A massive fraud was perpetrated on the people of Alberta, today. The Redwater Energy ruling gives the oil and gas companies the ability to just walk away from their well clean-up obligations. The people are now on the hook for untold billions of dollars of clean-up, once the oil's gone and the companies have declared bankruptcy (after siphoning every drop of profit out of Alberta). Banks will win out here.
At the same time, Alberta gets hit with a downgrade in its credit rating to AA, from AA+. This has a big influence on the bonds that the Alberta government, essentially the public will pay more. Banks win again.
Add to that, the National Energy Board gave the green light to a massive, capital-intensive, pipeline to ship diluted bitumen from Alberta to Coastal British Columbia, further destroying the Alberta economy. Alberta is collecting, in aggregate, somewhere around a 1.5% royalty rate on its oil and gas operations, given first quarter reported earning from oil and gas companies. Banks and oil companies win here.
We're all going to have to pay for this, every small-time Canadian is going to foot some of the bill for the construction or the clean-up. The banks are running things now, and they want their money, and they'll go through every single cent each and every one of us has. It's already underway. This is "austerity", the rich appropriate profit from the masses. See Greece, for example. See Brazil, see France, see Spain, see Portugal, see Ireland. Each European nation in deep to the European Central Bank.
Our political leaders need to start talking about how to take on the banks and the largest corporations on the planet, now, as in yesterday. The time for half-measures is over. Let's take the beast head-on. Start with the banks, they sit at the top. Austerity's end-game is not at all pretty, for all of us.
It's underway, right now. This evening, right under our noses; and it's all related.
A massive fraud was perpetrated on the people of Alberta, today. The Redwater Energy ruling gives the oil and gas companies the ability to just walk away from their well clean-up obligations. The people are now on the hook for untold billions of dollars of clean-up, once the oil's gone and the companies have declared bankruptcy (after siphoning every drop of profit out of Alberta). Banks will win out here.
At the same time, Alberta gets hit with a downgrade in its credit rating to AA, from AA+. This has a big influence on the bonds that the Alberta government, essentially the public will pay more. Banks win again.
Add to that, the National Energy Board gave the green light to a massive, capital-intensive, pipeline to ship diluted bitumen from Alberta to Coastal British Columbia, further destroying the Alberta economy. Alberta is collecting, in aggregate, somewhere around a 1.5% royalty rate on its oil and gas operations, given first quarter reported earning from oil and gas companies. Banks and oil companies win here.
We're all going to have to pay for this, every small-time Canadian is going to foot some of the bill for the construction or the clean-up. The banks are running things now, and they want their money, and they'll go through every single cent each and every one of us has. It's already underway. This is "austerity", the rich appropriate profit from the masses. See Greece, for example. See Brazil, see France, see Spain, see Portugal, see Ireland. Each European nation in deep to the European Central Bank.
Our political leaders need to start talking about how to take on the banks and the largest corporations on the planet, now, as in yesterday. The time for half-measures is over. Let's take the beast head-on. Start with the banks, they sit at the top. Austerity's end-game is not at all pretty, for all of us.
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