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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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,

Read More

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

Read More

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 [...]

(No Ratings Yet)
Loading ... Loading ...
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 [...]

(No Ratings Yet)
Loading ... Loading ...
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 [...]

(No Ratings Yet)
Loading ... Loading ...
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 [...]

(No Ratings Yet)
Loading ... Loading ...
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 [...]

(No Ratings Yet)
Loading ... Loading ...
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 [...]

(No Ratings Yet)
Loading ... Loading ...
harmonized sales tax stop sign

“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 [...]

(No Ratings Yet)
Loading ... Loading ...
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 [...]

(No Ratings Yet)
Loading ... Loading ...
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 [...]

(No Ratings Yet)
Loading ... Loading ...
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 [...]

(No Ratings Yet)
Loading ... Loading ...
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. [...]

(No Ratings Yet)
Loading ... Loading ...
world dictators

“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 [...]

(No Ratings Yet)
Loading ... Loading ...
greek austerity strikers

“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 [...]

(No Ratings Yet)
Loading ... Loading ...
hungarian pm resigns amid economic crash; bolond

“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 [...]

(No Ratings Yet)
Loading ... Loading ...

Under the 'fair use' rule of copyright law, an author may make limited use of another author's work without asking permission. Fair use is based on the belief that the public is entitled to freely use portions of copyrighted materials for purposes of commentary and criticism. The fair use privilege is perhaps the most significant limitation on a copyright owner's exclusive rights. "