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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FDIC wants your retirement cash to save banks: Bloomberg

FDIC wants your retirement cash to save banks: Bloomberg

“The FDIC is constantly looking at structures where we can get the greatest opportunity to tap into capital that we have not had the success reaching through previous disposition methods,” FDIC spokeswoman Michele Heller said in an e-mailed statement. “We welcome and work

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Canadian government admits recovery never happened

Canadian government admits recovery never happened

“Not only did their stimulus fail to create the jobs of tomorrow, it also failed to protect the jobs of today,” Scott Brison, the opposition Liberal Party’s spokesman for finance issues, said by telephone. "Most of us were shaking our heads in disbelief early last year w

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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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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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true finns timo soini

“We won’t allow Finnish cows to be milked by other hands,” European Affairs quoted Timo Soini, the leader of True Finns, himself a veteran member of both the European and Finnish parliaments — but who runs as an anti-establishment candidate. Tea Party-like politics may be arriving in Europe. That is how some European political analysts [...]

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burning_candle_on_both_ends

“Asset prices are falling because they were overpriced to begin with—overpriced for the better part of two decades, thanks to the Fed’s easy money policies. When the bubble in asset prices finally popped, not only did asset prices fall, they also dragged down the rest of the economy—this is more or less what we’ve been [...]

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icesave protest

“These were private banks and we didn’t pump money into them in order to keep them going; the state did not shoulder the responsibility of the failed private banks,” Iceland President Olafur Grimsson told Bloomberg Television. Iceland is free. And it will remain so, so long as her people wish to remain autonomous of the [...]

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nuclear workers needed

A U.S. recruiter is hiring nuclear power workers in the United States to help Japan gain control of the stricken Fukushima Daiichi plant, which has been spewing radiation. “About two weeks ago we told our managers to put together a wish list of anyone interested in going to Japan,” said Joe Melanson, a recruiter at [...]

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dollar landfill dumping

“Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said Treasuries “have little value” because of the growing U.S. debt burden. The comment echoes Warren Buffett, the billionaire investor who recommended avoiding long-term fixed-income bets in U.S. dollars because the currency’s purchasing power will drop.” The U.S. has unrecorded debt [...]

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libyan dinars

“This suggests we have a bit more than a ragtag bunch of rebels running around and that there are some pretty sophisticated influences. “I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising,” Wenzel writes.” In case you haven’t heard, Obama has signed [...]

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9142008meltdown

Europe’s energy commissioner Guenther Oettinger dubbed the nuclear disaster an “apocalypse”, saying Tokyo had almost lost control of events at the Fukushima power plant. Explosions and a fire at Japan’s quake-hit nuclear plant have unleashed dangerous levels of radiation, sparking a collapse on the stock market and panic-buying in supermarkets. Tokyo stocks, punished on Monday [...]

(1 votes, average: 5.00 out of 5)
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precious metals investments

“”People sense that in the era of quantitative easing and zero interest rates, something has gone haywire with our monetary policy. But people are afraid to say it,” said Bell. “If one state recognizes gold as a valid currency, I think it would embolden people not just in other states but in Washington.” — Jeff [...]

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xlarge_japan-quake

“This super destructiv­e Japan earthquake is going to cause American interest rates to jump a percent or two or three — possibly more. Indeed, the Japanese are the number one buyer of U.S. debt bonds. Can’t they cash a load of them in to redeem for reconstruction cash? If they try that the Americans will [...]

(2 votes, average: 5.00 out of 5)
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union_vs_antiunion

“What is happening in Wisconsin clearly shows a disconnection with reality in an economy that has forced many private-sector workers into lower wages and reduced benefits, if they were lucky enough to keep their jobs at all. The outcome of this battle could impact other states where cuts are looming, as well. As this story [...]

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protectionism wall

“Zoellick said he expects food prices to continue to rise, and that export bans and weather disruptions are partly to blame.” He also said global food prices have hit “dangerous levels” that could contribute to political instability, push millions of people into poverty and raise the cost of groceries. After watching the quality of food [...]

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