Mike's Content

Michael Campbell’s Money Talks for September 14th

MC4The entire Money Talks with Michael Campbell including the 1st 1/2 hour beginning with Michael’s Economic & Financial Commentary: {mp3}moneytalks sept14lcommentary{/mp3}

The second hour of MoneyTalks starts with Michael interviewing one of the Premier Technical Analysts in the Country, Don Vialoux. Mike begins the interview asking Don about Seasonality, including if September is generally a tough month: {mp3}moneytalkssept14DonVailoux{/mp3}

Michael Campbell: Taxes & The Young

mcimage

The “prerequisite if you want to call yourself a progressive” 

 {mp3}buscomsept13{/mp3}

Transcript: 

Turn on the TV, radio or open the newspaper and there are no shortage people declaring their great concern for young people. I think it’s prerequisite if you want to call yourself a progressive. However, even minor scrutiny of the practical reality tells a very different story, one that starts with a major financial mess we are bequeathing our children in terms of massive debt and unfunded liabilities. There are so many more examples, let me just give you one.

Aren’t we all supposed to be worried about the debt load students build up during a post-secondary studies? Well, a huge percentage University, Community and Technical College students have just returned to the post secondary Education after what, four to five months employment. In that time they would have had employment insurance contributions deducted from their paychecks, yet they’re not eligible to collect EI because they voluntarily return to school. Which, under the current rules,  means they’re disqualified from collecting.
 
In other words the EI contribution is simply extra tax. One with the vast majority can’t afford as by the time they graduate the total can be upwards of a thousand dollars. Its the same in the push for higher Canada Pension Plan premiums as they would in effect punish younger workers.
 
Pension experts agree that CPP is a massive transfer of wealth from the younger generation to the older generation. Despite that, many of the same people push for policies that actually hurt pension investment creating a double whammy for young workers trying to prepare for retirement.
 
Of course it’s within anyone’s right to push policies that hurt young people, but as a father three it’s more than my right it’s my responsibility to point it out. 
 
My name is Mike Campbell from Money Talks

 

MC Big Implications For The US dollar, Stocks & Positives For Canada

One of the main themes on Money Talks since 2010 has been the breakup of the EU and the demise of the European Welfare State Model. That process has already pushed trillions of Euro’s into the US and to a lesser extent Canada. Two more significant signs occurred this week….find out the 2 signs HERE

european-flag