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

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

“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

"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

"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

"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

“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

"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?

"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

""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

“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

“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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Brazil-GDP-Growth-2000-2015

“Brazil certainly has a lot of potential, and has started to capitalize on it. We believe they’re in a great position to become a solid performer: fantastic natural resources, very advanced technologically, lots of know-how in the industry and a great pool of human resources (scientists and engineers in particular).” Indeed, Brazil’s GDP has already […]

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canadian real estate price to rent ratio ScotiaBank report

“The worst stimulus the government provided has not even hit the balance sheet. It was CMHC providing access to cheap credit for previously unqualified borrowers.” In 2009, CMHC’s guarantee business broke even at best. CMHC made money, but only because they could borrow at government rates and used the money to buy mortgages at higher […]

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your life according to govt

“This is what an economically illiterate society gets you. Everyone knows that these debts can never and will never be paid back. They will either be defaulted on or inflated away with more paper money magic to enrich the banksters and impoverish everyone else. Our entire system is based on stealing from our grandchildren and […]

(2 votes, average: 5.00 out of 5)
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mortgage meltdown

“Many fear any major overhaul of U.S. housing finance will slam a still tottering housing market. If America scraps its current system tomorrow, that’s what will happen. At a minimum, removing the government subsidy should nudge mortgage interest rates higher, potentially knocking home prices down further.” — Adriana Barnes (1) The treasury department released a […]

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stock market floor 2011

Little Press: Andrew Mitchell, an analyst with Charles Stanley Securities, predicted the deals signalled a new wave of consolidation in the sector. He described the Deutsche/NYSE tie-up as “a much more substantial beast,” and added: “The consensus is that we will end up with a handful of global exchanges.” Deutsche Börse and NYSE Euronext, the […]

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australian resources bite

“AUSTRALIA will face ”significantly” bleaker economic prospects when the resources boom ends unless it reverses a damaging slump in productivity, a new report has found.” To avoid this fate, the report from the Grattan Institute calls on the government to revive the economic reform agenda, with a focus on better training and promoting innovation. If […]

(1 votes, average: 5.00 out of 5)
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canada unemployment to june 2010

“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 with the size of the employment growth,” said Douglas […]

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egyptian riots

“Inflation has exhausted people. Prices of food, fuel, electricity, sugar are rising. The rich get richer and the poor poorer,” said a Cairo taxi-driver, declining to be named. “God knows what will happen today. After Tunisia anything is possible.” The Egyptian capital Cairo was the scene of violent chaos Friday, when tens of thousands of […]

(1 votes, average: 5.00 out of 5)
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sarkozy headache

““We want regulation of primary commodity financial markets,” Sarkozy said in a speech in Paris overnight. “How can you explain that we regulate money markets and not commodities?” Without action, he warned “we run the risk of food riots in the poorest countries and a very unfavourable effect on global economic growth” — Sarkozy French […]

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uk gdp depression

“This is obviously very worrying, just at a time before the VAT increase hits so this looks awfully like the UK is headed back to double-dip,” Blanchflower told CNBC. “I think people have underestimated the sheer size of this shock,” he said. Britain’s “awful” gross domestic product figure for the fourth quarter is pushing the […]

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portugal buy now wont pay

“at 6.72 percent the cost of borrowing remains high, and with bonds being traded at nearly 7 percent in the secondary market there is little sign investors are convinced Portugal can avoid following Greece and Ireland and asking for a bailout.” — Nia Williams and William James, Reuters (1) Portugal faces a struggle to persuade […]

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chinese takeover europe

“China, in bailing out Europe, is asking for its goods to be allowed in without barriers .. We hope that the EU will relax restrictions on high-tech exports to China … and develop trade relations that are balanced and sustainable,” Mr. Li wrote in an op-ed titled, “China will be more open to the world” […]

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bolivia fuel price chart

“The fuel price hike – which protesters were calling the “gasolinazo” – caused the cost of transport to soar, and pushed all food prices up.” — BBC News Bolivian President Evo Morales has rescinded a decree which raised fuel prices by more than 70% and sparked civil unrest. Mr Morales reversed the price rises introduced […]

(1 votes, average: 5.00 out of 5)
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canadian economic-club-chart

“Canadians are reflecting, rightly, that the job market isn’t as good as it was when times were good and they say ‘we’re in recession’ because of that, where economists say ‘we’re in recovery’ because we’re not as bad as we were during the recession.” — Avery Shenfeld, chief economist at CIBC How is the recession […]

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