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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Real reason for electricity blackouts hitting southern US

Real reason for electricity blackouts hitting southern US

“Large oil companies have for a decade artificially shorted the gasoline market to drive up prices,” said FTCR president Jamie Court. “Oil companies know they can make more money by making less gasoline.” The following article was written by Paul Joseph Watson. He is t

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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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will program for food

The United Nations says that nearly 212 million people were unemployed in 2009. That is 6.6 per cent of the global workforce. According to a new report the situation in Europe will get worse before the trend improves. The analysis by the United Nations and the ILO are timely, but it would be nice to [...]

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iceland debt default riots

“The really big risk factors, be it in Iceland or the UK, the US or Ukraine, can no longer be easily factored into a spreadsheet.” The Financial Times is reporting … “In recent months, some of the brightest minds at Moody’s rating agency have been mulling a fascinating question: should they introduce a formal rating [...]

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european countries debt default

Half of the Eurozone’s sixteen economies are at risk of becoming ‘unsustainable’, essentially bankrupt. After driving a wedge between Japan and the US,driving a wedge between the EU and the US is next. China will state publicly that EU debt, bunds even gilts are more attractive than US debt. China will speak to the investment [...]

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EU UK flags

“.. Britain is no longer a sovereign nation. At midnight last night, we ceased to be an independent state, bound by international treaties to other independent states, and became instead a subordinate unit within a European state.” — Daniel Hannan The European Union (EU) now has full control of immigration policy for all member states. [...]

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UK WELFARE STATE

Nearly 12 years of incompetence of this government’s work and the cracks show in the economy of the United Kingdom, but we should lay the blame where it started: Margaret Thatcher! She began the destruction of the manufacturing base of the United Kingdom, deregulation of the financial system, backed by the oil economy of the [...]

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greed

“The injunction of Jesus to love others as ourselves is an endorsement of self-interest,” Goldman’s Griffiths said Oct. 20 It is easy to make a profit when you use money that was given to you by the government in the form of a “bail out” through AIG. It is obvious this is a complex web [...]

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Afghan crucifix

“It is not racist to proclaim you do not want mass immigration — it is survival.” Top Italian court rules crucifixes illegal in Italian schools. Italy said today that it would challenge a ruling by the European Court of Human Rights in favour of an Italian woman who opposed the display of a Catholic crucifix [...]

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victor yuchenko disfigured

“Ukraine has joined the global pandemic zone,” Vasyl Knyazevych said. Tymoshenko said the government would also be banning “all public gatherings, every concert and every cinema showing for three weeks.” The government will also introduce “special regimes” to limit the movement of Ukraine’s citizens from one region to another for non-urgent purposes, she said. Ukraine [...]

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WELFARE STATE

“this is now the longest technical recession since at least 1955.” The devaluation of the pound sterling in theory should increase exports of goods from the United Kingdom. However, you must consider that raw materials and energy needed to manufacture products whatsoever are likely to be priced in euros and dollars and devaluing the pound [...]

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next pandemic

Europe H1N1 flu spreads, ‘millions’ infected in US GENEVA, SWITZERLAND (AFP) – H1N1 flu is spreading faster and claiming new fatalities in Europe, health officials said, as the global death toll from the virus rose to nearly 5,000 victims and the US said millions had been infected. Since the A(H1N1) virus was uncovered in April, [...]

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welcome to nwo

“The global recession created an “export shock” for Germany as world trade fell by about a quarter.” One reader submitted that prices have increased dramatically in the United Kingdom over the last 2 years, but since two months ago the price of bread, rice, flour and milk have increased to 35% (for rice). Things are [...]

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dsb bank run

It was reported that a week ago Dirk Scheringa Beheer (DSB) bank of Netherlands said they had “a hacker attack” which kept their site down for days. It turns out, it is likely no hacker, but the fact that the bank was not allowing withdraws! They had a run on the bank. Clients of independent [...]

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old retiree woman gets fed in hospital

By Alex Brummer of The Daily Mail Gordon Brown was warned last night to raise the retirement age above 65 and introduce NHS charges to tackle the soaring state deficit. In a devastating intervention, the International Monetary Fund called for radical changes to the pension system and spending cuts that go far beyond the plans [...]

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angela merkel

President Barack Obama said more stringent financial regulations are needed globally to protect consumers, ensuring economic stability and prevent future crises. When leaders of the Group of 20 nations meet next week in Pittsburgh, Obama said in his weekly address on radio and the Internet that international cooperation has “stopped our economic tailspin.” “We know [...]

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