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

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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

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Canadian government admits recovery never happened

Canadian government admits recovery never happened

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Content By: The Coming Depression Editorial Staff (dates cited below)
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Bank Owned Sign on House in Foreclosure

“Home values have fallen 26 percent since their peak in June 2006, worse than the 25.9-percent decline seen during the Depression years between 1928 and 1933, Zillow reported.”

The whole economy is in a depression, if you take out the unemployment benefits and the student loan program. Realize the first depression didn’t have 5 trillion of new government spending. We are really 10 times worse than the first depression. Illegals have replaced our work force, along with outsourced jobs. Pull out the flood of taxpayer money , then you could see how bad off we really are now. Local government will have to raise taxes by 100 to 400 percent, in the near future, to keep this boat floating. The Federal government will do the same with a VAT tax.

Alll these people losing their homes were all told in the 1990′s,by the media,mortgage companies and real-estate agents that they were missing out if they did not buy a home.They were all sheep being led to slaughter.Real estate shows on U.S. Am radio,sponsored by home loan companies and real estate companies,were all the rage a few years ago.Everyone involved made a killing.The suckers who fell for it and are now under water with there mortgages,were in a way served up a form of B.S otherwise known as propaganda.Walking away from a home,which now is worth half of what they paid for it,is acceptable in my opinion.

What’s worse, it’s not over yet: Home values are expected to continue to slide as inventories pile up, and likely won’t recover until the job market improves.

Indeed, the US economy will cannot recover without good paying jobs. The irresponsible financial policies of the American administration will lead to the collapse of the US dollar. Canada’s economy will feel the repercussions, this recession will become a depression. The conditions will be right for the formation of the North American Union, and the introduction of the Amero. The US Fed and their newly structured banking corporations will control the money markets of the newly formed Union. as well as the entire world. We will be paying carbon taxes on every item we purchase, energy, medicine, clothing, building materials, appliances, automobiles, electronics, and even food and water. These world wide taxes will be collected by the new banking empire, the New World Bank. This is the Neo-Con agenda, and it is right on course. The writing is on the wall.

Housing Market Slips Into Depression Territory by CNBC (1)

As the economy revs back to life, with signs of hiring on the horizon, the housing market is being left behind like Macaulay Culkin in “Home Alone.”

In the past few years, we’ve all been careful to choose our words carefully, not calling it a recession until it fit the technical definition and avoiding any inappropriate use of the “D” word — Depression.

Things were bad but the broader economy never reached Depression territory. The housing market, on the other hand, just crossed that threshold.

Home values have fallen 26 percent since their peak in June 2006, worse than the 25.9-percent decline seen during the Depression years between 1928 and 1933, Zillow reported.

November marked the 53rd consecutive month (4 ½ years) that home values have fallen.

What’s worse, it’s not over yet: Home values are expected to continue to slide as inventories pile up, and likely won’t recover until the job market improves.

References:

(1) Housing Market Slips Into Depression Territory

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