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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pushing paper rolls

“”I’m shocked that the ‘tea party’ hasn’t focused on it yet, and the Obama administration only has a thin sliver of time to deal more directly with it, I believe,” said Paul C. Light” — Stephen Dinan

Once the governments admit that we are in a depression on a global scale the sooner things can be corrected. Everyone keeps saying Recession but that is not correct. In a recession governments can lower interest rates, pump some money in, create infrastructure jobs and so on. This has been tried and has only slowed the fall but has not stopped it. What has been tried will not stop it.

In a Depression you have systemic problems and that is what we have people. The banking system, the real estate system, the union system, the stock market system are all flawed. The aforementioned systems and others need a complete rebuild back to national independence and not the internationalism the global leaders are pushing. The sooner it starts the sooner the world will get back to normal. If we keep putting a bandage here and there we will run out of bandages and then the real bleeding will begin. We will soon have alot of people rioting, theft will rise sharply, and everyone will be out for themselves. We should hope it does not get to this because the poor will suffer the most.

Adam Smith was not the designer of capitalism; he observed it and noted the paradox that people working purely in their own self interest would still benefit others. Some of Adam Smith’s ideals would today be considered socialism: public education, for instance. He also did not argue against regulation. What are recognised as market failures today existed in Smith’s day and required regulation.

“The current economic crisis, which was instigated by the government’s central bank and its boom-and-bust monetary policies, among other interventions, has once again been blamed on “too little regulation” and too much freedom. Will Americans ever catch on to this biggest of all of government’s Big Lies?” — Thomas J. DiLorenzo

We are making matters worse by trying to implement the very policies they claim will stop another great depression.

Taking money from savers and wasting it on useless projects does nothing for the economy. To the contrary, taking money from prudent people only lengthens recovery. Why? It’s those very people we need to get us out of the downturn! We need those people to spend money, to create opportunities, to create jobs to get us out of this mess. That time would eventually happen, when prices get back to normal market levels.

Government creates almost nothing except misuse and abuse of our resources. They can’t create jobs. The money comes from the individual tax payer and company.

The only thing these guys got right is that protectionism is doomed, everything else is nonsense. The Keynesian economic policies these governments are following are purely socialist inventions. Corporate welfare, croonie capitalism, Corporate socialism, ppp, all of that garbage is a result of the idea that goverment should be involved in free markets.

If we had real capitalism, a real free market, and a non interventionist government, this recession/depression, whatever you want to call it, would have never happened in the first place. The debt based fiat money system wouldn’t exist, and any economic slow downs that do come about would RARELY last more than a year.

Keynesian economics is doomed more so and more subtly so than any other economic policy. the reality of what needs to happen in the states is this:

  1. mortages need to be allowed to collapse, causing the price of property and goods to fall.
  2. failing businesses need to be allowed to fail. do not bailout one single company ever.
  3. wages need to drop so new businesses can be formed and produce.M
  4. goods at lower prices, capital needs to be allowed to be built again.
  5. eliminate government control of interest rates.

People who have lost jobs but got new ones at lower wages will still be able to afford housing and goods because of the lower property and goods prices. All of this needs to happen without government involvement. Government involvement does nothing but distort prices, create artificial booms, and lengthen depressions.

Largest-ever federal payroll to hit 2.15 million

By Stephen Dinan

The era of big government has returned with a vengeance, in the form of the largest federal work force in modern history.

The Obama administration says the government will grow to 2.15 million employees this year, topping 2 million for the first time since President Clinton declared that “the era of big government is over” and joined forces with a Republican-led Congress in the 1990s to pare back the federal work force.

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