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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Content By: The Coming Depression Editorial Staff (dates cited below)
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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 has borders with four EU countries.

Formerly a major component of the economy of the Soviet Union (both in industry and agriculture), the Ukrainian economy experienced a major recession during the 1990s, including hyperinflation and drastic falls in economic output. Ukraine was greatly affected by the economic crisis of 2008 and as a result the World Bank expects Ukraine`s economy is to shrink 15% in 2009 with inflation being 16.4%


Quarantine was imposed in the country’s nine western regions due to the epidemic of the H1N1 influenza, commonly known as swine flu.

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 has borders with four EU countries.

Schools have been closed, all public events have been banned and restrictions imposed on people’s movements (Source: Trancy.net)

Ukraine reports 30 swine flu deaths
KIEV, October 30 (RIA Novosti) – Swine flu has been confirmed as the cause of 30 deaths in western Ukraine since October 19, the country’s health minister said on Friday.

Vasyl Knyazevych said the deaths occurred in three regions earlier in the week, but the A/H1N1 virus had only now been determined as the cause.
Knyazevych told Unian news agency that a pandemic had begun in the country.

“Ukraine has joined the global pandemic zone,” he told the agency, adding the government would consider imposing quarantines, prolonging current school holidays and other measures to curb the spread of the virus.

Ukraine – President’s statement on the situation with spread of A(H1N1) flu

Obviously we are facing a difficult situation and today the effective assessment, accurate information on the sickness rate in not only the three regions but in the whole of Ukraine is an important issue. I have instructed the Minister for Health to develop a unified database, to prepare the official statistics, which would in real time inform primarily the Ministry of Health, the Prime Minister and the Government on the situation with the epidemics in all regions of Ukraine. Unfortunately there was no such database before today. We need to conduct the cumulative, effective monitoring. We have the Flue Center, which employs only one person. And my request of May to the Prime Minister to allocate funds to establish a lab, to “arm” us in the situation, when the world is smitten by the epidemic of this flue, to date has not been answered. That is why only one person is working in the Flu Center. This is the center, which is supposed to conduct monitoring in whole of Ukraine, the center, which operates under the auspices of the Ministry for Health and of the Government. I have addressed the Prime Minister with the request to urgently allocate appropriate funds – 50 million hryvnyas for the center to function. (source: ukraine government)

Poland closely monitors Ukraine flu epidemic

UPDATE – As 81,000 are diagnosed with flu in Ukraine and over 2,000 hospitalised, Poland’s health authorities are monitoring the outbreak carefully and ready to tale emergency measures.

The Chief Sanitary Inspectorate (GIS) is monitoring Polish-Ukrainian border crossings. “People who are travelling to Ukraine are being informed about the flu hazard and instructed how to protect themselves against it,” says Tomasz Miszczak from GIS.

Ukraine’s health minister has announced a state of emergency after thirty-three people died from an unknown flu virus in western Ukraine, near the Polish border.

Almost 1000 people, mainly from the Ternopil, Ivano-Frankivsk and Lviv Regions, infected with the virus have been hospitalized, including almost 500 children. Hundreds of people have been referred to medical centres and clinics with flu symptoms.

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