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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stock market floor 2011

Little Press: Andrew Mitchell, an analyst with Charles Stanley Securities, predicted the deals signalled a new wave of consolidation in the sector. He described the Deutsche/NYSE tie-up as “a much more substantial beast,” and added: “The consensus is that we will end up with a handful of global exchanges.” Deutsche Börse and NYSE Euronext, the [...]

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real estate insurance fraud

“Fraud thrives in a recession, so insurers are intensifying their crackdown on insurance cheats,” said Nick Starling (1), the ABI’s director of insurance. Many consider it fraud when an insurance company forces people with legitimate claims to resubmit them again and again, or hire an expert to do it before the claim is paid. We’re [...]

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candlight blackouts texas

“Large oil companies have for a decade artificially shorted the gasoline market to drive up prices,” said FTCR president Jamie Court. “Oil companies know they can make more money by making less gasoline.” The following article was written by Paul Joseph Watson. He is the editor and writer for Prison Planet.com. He is the author [...]

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fat american confused

“Already, U.S. housing prices have fallen further during this economic downturn (26 percent), then they did during the Great Depression (25.9 percent).” Approximately 11 percent of all homes in the United States are currently standing empty. In fact, there are many new housing developments across the U.S. that resemble little more than ghost towns because [...]

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australian resources bite

“AUSTRALIA will face ”significantly” bleaker economic prospects when the resources boom ends unless it reverses a damaging slump in productivity, a new report has found.” To avoid this fate, the report from the Grattan Institute calls on the government to revive the economic reform agenda, with a focus on better training and promoting innovation. If [...]

(1 votes, average: 5.00 out of 5)
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false hope

“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 with the size of the employment growth,” said Douglas [...]

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tunisian riots game over

“Elsewhere in the Middle East, there has already been trouble in Oman that could spark a geopolitical spike in oil and further amplify the hole the China is dug. I would caution speculating on oil at this point, however, because I suspect hoarding there as well. When the China downturn becomes glaringly apparent, there could [...]

(1 votes, average: 4.00 out of 5)
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retirement lane

“Statistically, the more people are involved in their own investments decisions – as opposed to solely relying on an advisor’s advice – the better they do. The only way to do this is to get educated any way you can. “ Some people tend to forget that individuals with considerable sums tied up in investments [...]

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Gerald Celente, the founder of the Trends Research Institute, believes that the Internet will empower the youth of the world to unite to start a revolution that will overthrow the existing deadlocked elitist establishment. He predicts that in 2011 every citizen is going to realize that the Great Recession the world has been living through [...]

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egyptian riots

“Inflation has exhausted people. Prices of food, fuel, electricity, sugar are rising. The rich get richer and the poor poorer,” said a Cairo taxi-driver, declining to be named. “God knows what will happen today. After Tunisia anything is possible.” The Egyptian capital Cairo was the scene of violent chaos Friday, when tens of thousands of [...]

(1 votes, average: 5.00 out of 5)
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sarkozy headache

““We want regulation of primary commodity financial markets,” Sarkozy said in a speech in Paris overnight. “How can you explain that we regulate money markets and not commodities?” Without action, he warned “we run the risk of food riots in the poorest countries and a very unfavourable effect on global economic growth” — Sarkozy French [...]

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british economy pounded

“This is obviously very worrying, just at a time before the VAT increase hits so this looks awfully like the UK is headed back to double-dip,” Blanchflower told CNBC. “I think people have underestimated the sheer size of this shock,” he said. Britain’s “awful” gross domestic product figure for the fourth quarter is pushing the [...]

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cash toilet

“The Monetary Theory of the Great Depression is incorrect, however. Consequently, the Fed’s Quantitative Easing policy is more likely to exacerbate than resolve the global crisis,” Duncan argued in an article. “The Great Depression was caused by the inability of the private sector to repay the debt it incurred during the Roaring Twenties, just as [...]

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portugal buy now wont pay

“at 6.72 percent the cost of borrowing remains high, and with bonds being traded at nearly 7 percent in the secondary market there is little sign investors are convinced Portugal can avoid following Greece and Ireland and asking for a bailout.” — Nia Williams and William James, Reuters (1) Portugal faces a struggle to persuade [...]

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