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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frustrated police officer laid off

Batts said the 80 officers slated to be laid off – mostly new officers – are “pretty sad and pretty depressed,” and those feelings are shared by the Police Department as a whole. Sadly during the coming economic depression we’ll be seeing more and more of our men in blue being laid off to find […]

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deeply in debt couple

“I don’t know that I’ve every heard a gloomier picture painted that created more hope for me,” said Arkansas Gov. Mike Beebe (D). I have no idea what’s going to happen on Election Day but it’s going to be disruptive . . .,” he said. “It’s going to be a big wake-up call around the […]

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banana republic

Free Trade is not about manufacturing. It is about allowing the Rich Folks unfettered access to banking centers and investment houses off shore. It is about the establishment of a world government with common humans nothing more than livestock to be used. Free Trade is an “Impossible Ideal”. It was a lie! A Charade because […]

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bp oil public hostage

“Briet said he hasn’t heard from BP or its lawyers. He said the claims people have been given so much conflicting information about the process [getting paid] that they can’t provide answers. “They couldn’t tell me,” he said. “And I said, ‘I’ve got 500 people I’m meeting on Saturday. They want to know what the […]

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iran iraq slideshow war again

According to this article, Shaul Mofaz, an Israeli cabinet minister and former military chief and defence minister has said in a published interview that “Israel would have no choice but to attack Iran if it doesn’t halt its nuclear program.” The article then goes on to say that “Mofaz has been Israel’s representative in a […]

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madrid metro strike 2010 june

Madrid mayor Alberto Ruiz Gallardon criticised unions for not living up to a binding agreement to provide at least 50 per cent service. “They do not have the right to do what they are doing to all the people of Madrid. I think we are in an emergency situation now in Madrid,” he told Cadena […]

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“An overwhelming majority of people in Ontario and British Columbia oppose the HST, with most believing the biggest winners from the new tax will be the provincial and federal governments, according to results of the latest poll.” Van Sun July 1st, Canada’s “independence day,” is around the corner (actually it’s tomorrow), but there’s not much […]

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mexican drug war guerillas stand

Three of Mexico’s border cities have been rocked by riots. Hundreds of protesters taking to the streets demand the Mexican army leave their towns. Texas will receive 250 of the 1,200 troops being deployed to the border. The guardsmen are being trained for duty along the U.S. – Mexico border in Texas. Another 224 troops […]

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germany debt clock

“The US has heavily criticized German austerity measures in recent days. Now, Germany’s finance minister has fired back, warning against becoming addicted to deficit spending and noting that history has made the country extremely wary of national debt and inflation.” In a culture whose economy is predicated on ‘consumption’, any ‘austerity’ measures can only further […]

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florida beach oil crist begs

“Crist is asking ill-informed beachgoers to endanger their health so the state’s tourism industry can be saved. “The Escambia County Health Department lifted a health advisory on Pensacola Beach on Friday on the advice of a beach official and against the advice of a federal environmental official,” reports PNJ.com. “ People of the Gulf states […]

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bernanke cookie monster strangles taxpayer

“Investors should be preparing for a financial “cliff-edge” as the Eurozone and the US prepare for “monster” money printing exercises, according to RBS.” —MM In a note to investors last week, RBS head of European rates strategy Andrew Roberts tells investors to move to government bonds and gold in preparation for a second global dip. […]

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european dictators franco papadopoulos salazar eu

“Mr Monks, now head of the European TUC, said: ‘I had a discussion with Barroso last Friday about what can be done for Greece, Spain, Portugal and the rest and his message was blunt: “Look, if they do not carry out these austerity packages, these countries could virtually disappear in the way that we know […]

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how bad is greek debt compared to other countries

“You can’t take a country that’s over-borrowed and make it more creditworthy by lending it more money,” he said. “They’re throwing Greece further and further and further in the hole by not addressing the problem directly and properly.” Asked when a Greek default could happen, Weinberg answered: “at High-Frequency, we are advising people to take […]

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hungary europe debt map high risk

“According to several reports, a spokesman for the new prime minister of Hungary, a member of the European Union that does not use the euro currency, said that talk of a Hungarian default is not “an exaggeration.” Hungary truly is a welfare state. It’s a nation of 10 million that has three million pensioners. Besides […]

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