US, world headed for 25 year depression: Jim Rickards

US, world headed for 25 year depression: Jim Rickards

“When I use the phrase 25 year depression, it sounds extreme but it’s not. We had a 30 year depression in the United States from about 1870 to 1900…The Great Depression lasted from about 1929 to 1940. The U.S. is in a depression today.” Well, it's been in the works for

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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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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 will typically be getting far more than a 2-3% return if they had some semblance of common sense. You’d likely be hard-pressed to know ONE person with who has more than $500,000 socked away in various investment vehicles that doesn’t get a much better return on a BAD day.

Financial institutions give higher interest rates, better returns and easier access to top shelf, high-quality investments to those with 6-figure bank accounts or huge investment portfolios. They also tend to charge lower fees on those with at least 4 figure bank accounts. Special incentives and “black” credit cards with lower interest and all sorts of other advantages are provided to people with a high net worth.

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. Get a good accountant and a good lawyer (someone you trust or know personally and comes recommended by wealthy people you know). Take a few rudimentary financial courses and educate yourself. Or read a few books if you can’t afford the classes. It’s easy to point a finger at your advisor if your investments tank, which is why it’s important to take responsibility and GET INVOLVED in the process. TAKE OWNERSHIP – it is your money after all.

In addition, business owners have the benefit of a tax structure PURPOSELY set up to GIVE them significant breaks. Use the system to your advantage if you want any hope of a comfortable retirement.

As many wise people have said, if you don’t know what to do to – ask someone you TRUST. If you want financial freedom in your retirement, invest in YOURSELF.

New Report: It’s Dangerous to Diversify — Find Out Why

Despite near-unanimous endorsement among mainstream advisors, the strategy of portfolio diversification has a huge, glaring flaw: Namely, when large sums of liquidity begin to flow into global investment markets, formerly disparate trends become strongly correlated. And markets that go up together ultimately go down together; in turn, the value of diversified portfolios goes down with them.

For years now, Wall Street has tap-danced around the liquidity risk. Here’s how former Citigroup CEO Charles Prince described it in July 2007:

“When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance.”

Three months later, Prince announced that Citigroup’s quarterly earnings would be down 60%. Within the year, Prince had danced himself out of a job. Diversified investors around the world were feeling the liquidity crunch.

But after many miserable months for stock and commodity investors, the markets rebounded together — almost in lock-step. Commodities lifted off in late 2008, and stocks followed in March 2009. Everything that declined together was going up together, and market watchers began to take notice.

“Liquidity with respect to stocks has become indiscriminate,” reported a widely respected market technician. “When money’s flowing in, they all go up. When money’s flowing out, they all go down.”

Mainstream investors finally began to recognize the phenomenon Elliott Wave International’s Robert Prechter warned about in his 2002 best-seller, Conquer the Crash.

Turns out, now almost 10 years after Prechter coined the phenomenon “All The Same Markets,” the correlation is still positive. Unfortunately for millions of diversified investors, the outlook is not.

According to a new report authored by Prechter and his EWI colleagues, the second round of liquidity crisis is fast approaching and perhaps has already begun. If you invest your money in a diversified portfolio, it’s time you read this incredible free new report now.

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