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

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

“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

"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

"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

"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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Real reason for electricity blackouts hitting southern US

“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 t

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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?

"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

""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

“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

“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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“What they were doing was peddling these mortgages and leaving the paperwork behind,” said Michael Pill, a real estate partner at Green, Miles, Lipton & Fitz-Gibbon LLP in Northampton, Massachusetts who is not involved in the case.The Massachusetts court rejected a request by the banks to apply the decision only in future cases, leaving homeowners […]

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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 […]

(2 votes, average: 5.00 out of 5)
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canadian economic-club-chart

“Canadians are reflecting, rightly, that the job market isn’t as good as it was when times were good and they say ‘we’re in recession’ because of that, where economists say ‘we’re in recovery’ because we’re not as bad as we were during the recession.” — Avery Shenfeld, chief economist at CIBC How is the recession […]

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immigration fence greece

“Greece cannot take it any more. These are tough times for us. Our economy is in recession. We have unemployment and serious problems. Greece cannot become the promised land for those who want to leave their countries and come to Europe.” Greek Citizen Protection Minister Christos Papoutsis told lawmakers in Athens on Friday. The U.N. […]

(1 votes, average: 4.00 out of 5)
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geithner bad face

“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 and could lead to the loss of millions of American jobs. Even […]

(5 votes, average: 5.00 out of 5)
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jorg

“Quantitative easing is designed to bail out the federal debt, but it may presage Weimar.Dr. Hulsmann discusses the evils of central banking and fractional reserves, the blessings of deflation, and how Austrian economists are making vast progress.” Lew Rockwell interviews Jorg Guido Hülsmann. Jörg Guido Hülsmann (born May 18, 1966) is a German economist and […]

(2 votes, average: 5.00 out of 5)
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oil addict

“Oil is one of the most important inputs to the economy. If the oil prices go up much higher than what we have been seeing in the markets, this would mean that the budget of the households in terms of more expenditure for traveling or for other energy purposes, this would mean that their income […]

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obama wants retirement accounts

“Hungary, Poland, and three other nations take over citizens’ pension money to make up government budget shortfalls. The article goes on to detail other pension grabs in Bulgaria, Poland, France and Ireland. Obviously, this is a cautionary tale for America. If fiscal austerity becomes a real issue in the U.S. the way that it’s been […]

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senior retirement fund empty piggybank

“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, and screwing savers is seldom a wise economic move.” — Robert Robb Fiat money requires […]

(1 votes, average: 5.00 out of 5)
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foreclosure street

A steep drop in house prices in the United States has revived fears of a “double dip” in the housing market. House prices in the US dropped 1.3 per cent from the month of September to October. The chairman of the Standard and Poor’s committee that produced the home price indices report, David Blitzer, says […]

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bank of international settlements

“The new international rules “will allow market participants to assess the quality of a bank’s compensation practices and the incentives towards risk-taking they support,” said Fernando Vargas.” It’s not the added regulation, it’s the fact that all these banks got bailout using tax payers money that should be the focus. If government did not bail […]

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city building bomb collapse

“Next to housing this is the single most important issue in the US and certainly the biggest threat to the US economy. There’s not a doubt on my mind that you will see a spate of municipal bond defaults. You can see fifty to a hundred sizeable defaults – more. This will amount to hundreds […]

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elderly

“What we’re seeing here is they don’t have confidence in what they think of as the public safety net — a pension plan,” says Paul Taylor of the Pew Research Center. “So they are reverting to the age old private safety net, and that’s the family.” — MSNBC We find it odd that many are […]

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recessions compared 1980s to 2000s

“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 somewhat of a threat (34%) to the continuing recovery of the economy.” […]

(2 votes, average: 4.00 out of 5)
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