US, world headed for 25 year depression: Jim Rickards

US, world headed for 25 year depression: Jim Rickards

“When I use the phrase 25 year depression, it sounds extreme but it’s not. We had a 30 year depression in the United States from about 1870 to 1900…The Great Depression lasted from about 1929 to 1940. The U.S. is in a depression today.” Well, it's been in the works for

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Canadian banking haven myth exposed

Canadian banking haven myth exposed

"One of the reasons that Canadians (and international commentators, other finance ministers and global financial institutions) buy this Canadian banking fairy tale is the way the government accounts for the money borrowed to support the banks." The sorry spectacle of Conservat

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Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your loans, guys and gals, because we are going into a high interest rate period. Very high. It will be the equivalent of going into the double digit interest rates we had in the 80s where many people threw their house keys at the bank and we had record numbers of ba

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E-cigarettes save lives, money

E-cigarettes save lives, money

"We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Whe

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US inches closer to big bank charges

US inches closer to big bank charges

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades. In doing so, prosecutors are confronting

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Canada’s home sales top predictions; why a real estate crash is inevitable

Canada’s home sales top predictions; why a real estate crash is inevitable

“The assurance of relatively low borrowing costs has likely given home buyers confidence while rising home values have kept new listings at a healthy level. Stable employment has provided some assurance to owners and buyers alike.” Our website is back after many months of

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Comparing today’s recession/depression to the 1980 recession

Comparing today's recession/depression to the 1980 recession

"Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government's budget deficit was a great threat (42%) or some

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Why savers are getting screwed

Why savers are getting screwed

"Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy

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Geithner admits USA bankrupt to US Senate

Geithner admits USA bankrupt to US Senate

"Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses

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World economies on verge of currency revaluations to deal with debt

World economies on verge of currency revaluations to deal with debt

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford Basically what the world central banks are doing is increasing their money by devaluin

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Is Obama the next Mugabe of Zimbabwe?

Is Obama the next Mugabe of Zimbabwe?

"America, Britain, Japan, Germany, France, Sweden, Holland, Norway, Canada and Australia make up the Fishmongers Group and their meeting on Tuesday will deliberate on the state of the inclusive government, debt relief, public finance administration and the controversial economi

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US raiding foreign countries with dollars, not soldiers

US raiding foreign countries with dollars, not soldiers

""The United States is going to China and saying: we want you to commit economic suicide, just like Japan did. We want you to follow the same thing: we want you to revalue your currency, we want you to squeeze your companies, we want you to go bankrupt,” says Michael Hudson,

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hose put taxes in basket

Considering a move to another state? Not so fast. Be sure to weigh state taxes when calculating the difference in cost of living. Here is Yahoo News’s updated 2014 list of the ten least tax-friendly states (1). Their choices remain the same as last year. Almost all these states levy property taxes well above the [...]

(1 votes, average: 5.00 out of 5)
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fisher

REUTERS – The Federal Reserve should start raising U.S. interest rates in the spring, earlier than many investors currently expect, and should do so both slowly and gradually, a top Fed official said on Friday. “I personally would want to see, the date of our first move, I personally expect it to occur in the [...]

(1 votes, average: 5.00 out of 5)
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jim rickards

“When I use the phrase 25 year depression, it sounds extreme but it’s not. We had a 30 year depression in the United States from about 1870 to 1900…The Great Depression lasted from about 1929 to 1940. The U.S. is in a depression today.” Well, it’s been in the works for decades, and it’s finally [...]

(2 votes, average: 3.00 out of 5)
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bric imf

A developmental bank controlled and funded by the “emerging nations” is a good idea. It is always better to have varying interests competing with each other. The “western nation dominated” world organizations like the IMF and World Bank have a set of rules, based upon the interests of the funding nations, required to provide development [...]

(1 votes, average: 5.00 out of 5)
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lemmings

The world stopped listening to anything ‘Citigroup’ said when we all realized they were the worst predator subprime lender of all the toxic waste dump banks the world has ever witnessed. Citigroup is one of the too-big-to-fail banks that literally dumped their losses onto the populations of the West through the TARP ripoff and the [...]

(1 votes, average: 5.00 out of 5)
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 Tuition fees protest

“My family can’t support me. I have to pay myself,” she said. “It’s not fair to students, when they are already pinched.” These young students are getting an important (FREE) lesson in economics. If you can’t feed it then don’t breed it and if you can’t afford it then don’t buy it. These students would [...]

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under water woman

“Middle class families are forced to work longer and harder than ever, just to keep their heads above water.” — PC Leader Hudak Canada’s province of Ontario and British Columbia are setting the stages to introduce harmonized sales taxes across the board in their respective provinces. The several next few paragraphs outline the HST. Ontario [...]

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canada's mediocre healthcare

“Ontario says healthcare could eat up 70 percent of its budget in 12 years, if all these costs are left unchecked. “Why are we paying more or the same for cataract surgery when it costs substantially less today than it did 10 years ago? There’s going to be a finer look at what we’re paying [...]

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unity currency

According to Harry Schultz and many other economic analysts, there will be a collapse of the US currency and embassies should purchase local currency to last at least a year. This led to rumors of holidays and runs on banks and other rumors. As you may know the Fed has had a huge program of [...]

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immigration muslim demo london

Andrew Neather, who worked for Mr Straw when he was Home Secretary, and as a speech writer for Mr Blair, claimed a secret Government report in 2000 called for mass immigration to change Britain’s cultural make-up forever. The damage is done. There is no return to the “old days.” Just like in Italy, France, hell, [...]

(1 votes, average: 5.00 out of 5)
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bankruptcy

Get rid of your loans, guys and gals, because we are going into a high interest rate period. Very high. It will be the equivalent of going into the double digit interest rates we had in the 80s where many people threw their house keys at the bank and we had record numbers of bankruptcies. [...]

(2 votes, average: 5.00 out of 5)
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employment applicants

WASHINGTON (AP) — US employers accelerated their hiring last month, adding a robust 288,000 jobs and helping drive the unemployment rate to 6.1 percent, the lowest since September 2008. It was the fifth straight monthly job gain above 200,000 — the best such stretch since the late 1990s tech boom. Over the past 12 months, [...]

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china korea trade direct

China designated a clearing bank in Seoul for yuan transactions in South Korea on Friday, coinciding with a visit by President Xi Jinping, as Beijing promotes greater use of its currency overseas, AFP reports. China’s central bank has authorised the Bank of Communications, the country’s fifth largest lender, to undertake yuan clearing business in the [...]

(1 votes, average: 5.00 out of 5)
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imf ukraine

“May 07 2014 “ICH” – “RT” – The IMF has approved a $17 billion loan to Ukraine. The first $3.2 billion tranche has arrived on Wednesday.” By Pepe Escobar May 07 2014 “ICH” – “RT” – The IMF has approved a $17 billion loan to Ukraine. The first $3.2 billion tranche has arrived on Wednesday. [...]

(1 votes, average: 4.00 out of 5)
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jail the robber bankers

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades. In doing so, prosecutors are confronting the popular belief that Wall Street institutions have grown so important [...]

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This is a back-door move, via the treasury scam, to create a One World Government and Currency which would be even weaker and debt laden than the EU. I don’t know any rational person who would think countries such as totalitarian Red China and Russia would give their power to such an organization.The IMF created [...]

(1 votes, average: 5.00 out of 5)
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e-cig vapor

“We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Where does this stop? [...]

(1 votes, average: 5.00 out of 5)
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china vs usa fists

A new study (1) suggests China’s economy has grown faster than previously thought, leading some analysts to predict that China could surpass the United States as the world’s biggest economy by the end of the year. The figures were released Wednesday in a report by the International Comparison Program, which is part of the United [...]

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Jumping-family-in-home

“The assurance of relatively low borrowing costs has likely given home buyers confidence while rising home values have kept new listings at a healthy level. Stable employment has provided some assurance to owners and buyers alike.” Our website is back after many months of being offline due to a successful hacking attempt. Instead of trying [...]

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