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

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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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Content By: The Coming Depression Editorial Staff (dates cited below)
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Obama King
Contaminated well the Obama’s just give that to the HOMELESS.

“The White House has also donated produce from the garden to Miriam Kitchen, a soup kitchen for the homeless.”

In case you are wondering who contaminated it that would be the Clinton’s.

“The story becomes more interesting when you discover that the reason the lead levels are higher than normal on the White House lawn can be traced back to the presidency of William Clinton. During the time the Clinton family lived in the White House, sludge-based products were used to fertilize the lawn.”

Like Michelle Malkin has pointed out “Everything is Staged

For months, the Food Network ran ads about a forthcoming episode of “Iron Chef America,” its flagship chefs plus secret ingredient versus time competition. The show would take place at the White House garden, with Michelle Obama making a cameo and plugging her responsible-eating initiative. The network promised it would be its biggest episode ever.

The buildup matched the reality: The Jan. 3 “Iron Chef America” drew 7.6 million viewers, the highest-rated show in network history. In it, superstar chef Mario Batali teamed with Emeril Lagasse, and Bobby Flay with White House chef Cristeta Comerford to cook five dishes using the secret ingredient: produce from the White House garden.

Except for one thing: As first reported on AOLs Politics Daily blog, the fruits and vegetables used on the show weren’t from the White House. They were stunt produce. Ringers.

Honey was the only ingredient that actually came from 1600 Pennsylvania Ave. The White House garden produce, Krueger said, was donated to a local pantry.

In other news the Obama’s Party On ….

Let the good times roll” – and roll they have at the Obama White House, while nearly 11% of the workforce remains unemployed, nearly four million Americans are losing their homes, and terrorists ride the open skies.

In fact, according to the Chicago Tribune, the stylish Ms. Rogers and the party-hearty First Couple hosted no less than 170 parties and social events through December 3 of 2009. And that does not even include the 17 parties and 11 open houses – feting more than 50,000 guests – ABC News reported the Obamas hosted throughout the Holiday Season.

For those not counting, that means by January, 2010, Ms. Rogers had staged one gala White House event every three days throughout the first year of the Obama Administration, making the once austere Executive Mansion look more like party central.”

It’s good to be the King!

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