Canadian And US Dollar At Par

[quote]pookie wrote:
orion wrote:
I would not go that far, I just think it is important to point out that in order to have the resources to send children to school you have to have the economy produce that resources first.

So the only way to deal with the worst excesses of capitalism is to use the resources capitalism provides.

That’s ridiculous. You’re saying that capitalism cannot work unless it has first exploited children.

Capitalism works just fine even if you don’t let children get exploited first. That historically, it did not always start off that way doesn’t make it a prerequisite.

In fact, that children were exploited before laws prevented it just shows that capitalism has to be regulated in some manner or fairness will be traded away for profit just like anything else.
[/quote]

And again those cildren were not exploited.

They were better off than before, granted it is unlikely that this is true for all places.

It was NOT the capitalists fault that the population doubled between 1450 and 1750, that was the situation they found and remedied by multiplying the production of consumer goods in a couple of decades.

What you are suggesting is that you could send children to school before you have the means to do so.

That however would have meant that whole families had starved because they needed them on the fields or, preferably, in a factory.

In the 50s and even 60s children still got school leave in Austria because they were needed for the harvest.

Before enough capital is accumulated to feed children for 4 or even 10 unproductive years, they work or die.

Or otherwise the unlimited resource fairy pays for their education.

Prepare for the Canadian Invasion - Jim Cramer of CNBC says.

Jim Cramer, the world’s loudest stock market commentator, figures Toronto-Dominion Bank’s [TD-T]audacious $8-billion-plus plan to buy New Jersey’s Commerce Bancorp Inc. [CBH-N] is just the start of a coming blitzkrieg of U.S. takeovers by other Canadian banks, fuelled by the strength of the loonie and their own high stock prices.

‘Citizens of Cramerica, it’s time to prepare for the Canadian Invasion,’ he bellowed to the legions of faithful viewers of his Mad Money show on CNBC Tuesday, a few hours after TD unveiled its coup. ‘It’s not going to be as cool as the British Invasion, but it could make you more money!’

Citizens of America rejoice, especially is you own these US Bank stocks.

�?� National City Corp. [NCC-N] �?? 129 per cent
�?� New York Community Bancorp Inc. [NYB-N]�?? 82 per cent
�?� Comerica Inc. [CMA-N] �?? 70 per cent
�?� KeyCorp [KEY-N] �?? 67 per cent
�?� M&T Bank Corp. [MTB-N] �?? 53 per cent
�?� BB&T Corp. [BBT-N]�??48 per cent
�?� Hudson City Bancorp Inc. [HCBK-Q]�?? 60 per cent
�?� Fifth Third Bancorp [FITB-Q] �?? 39 per cent.

‘Bottom line,’ concluded Mr. Cramer, ‘the Canadians are coming. Don’t get left behind.’

Cheers,

TKOWKD1

Disclaimer: TKOWKD1 owns TD Bank stock and is very happy.

Yes, please buy American goods. Order up!


Remember Toronto Dominion Bank (TD-T)?

Still kicking ass!

http://www.reportonbusiness.com/servlet/story/RTGAM.20071129.wtdearns1129/BNStory/robNews/home

TD profit tops $1-billion. Fourth-quarter profit of $1.094-billion is up from $762-million a year ago, and no exposure to sub-prime mess. Cha-ching!

Don’t hate, Participate!