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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foreclosure exit sign

Drop in foreclosures called ‘very scary’ Lenders’ actions show they think properties are not worth pursuing. By Ken McCall, Staff Writer 9:00 PM Saturday, October 17, 2009 Nobody is sure exactly how many bank walkaways are occurring. For various reasons, they can’t be identified in searches of public real estate and court data without individually [...]

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barack obama joker

From Infowars.com In the photo here, Obama is spotted with a book penned by Fareed Zakaria, The Post-American World. Zakaria’s book argues that a world order is emerging led by the authoritarian slave state China and India. “Criticism of the book focused on certain assertions made by Zakaria, as well as the focus of the book [...]

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loonie specs

Canada’s loonie hits parity with U.S. dollar Greenback also reached a new record low against the euro By the Associated Press The dollar took another fall on currency markets Thursday, reaching one-to-one parity against the Canadian dollar for the first time in 30 years and falling to a new low against the 13-nation European currency. [...]

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joker obama

An excellent article detailing the gradual destruction of the American economy and society. David Kaiser Infowars October 17, 2009 I am a student of history. Professionally, I have written 15 books on history that have been published in six languages, and I have studied history all my life. I have come to think there is [...]

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ashoka mody

With all of the talk of a collapsing US dollar and the discussions from previously US dollar dependent countries of replacing the reserve currency with another one, perhaps the euro, it makes one wonder whether or not a shooting of this kind was related to his position at the international monetary fund — an organization [...]

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dsb bank run

It was reported that a week ago Dirk Scheringa Beheer (DSB) bank of Netherlands said they had “a hacker attack” which kept their site down for days. It turns out, it is likely no hacker, but the fact that the bank was not allowing withdraws! They had a run on the bank. Clients of independent [...]

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interest rate

As predicted by many economists like Peter Schiff, central bank interest rates around the world are beginning to rise, or are predicted to rise in a controlled manner in about 2 years’ time according to the bank of Canada’s assessment of its countries’ economic conditions until 2011 according to Helmut Pastrick, chief economist with Central 1. [...]

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obama hero

There is a large amount of the stimulus targeted for low income families. Two things are there: 1. Since Construction workers in the past had a substantial percentage of illegal residents doing the building, how will the stimulus money assuredly end up in American’s pockets? 2. What about the low income housing itself. Will the [...]

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european central bank

It has been predicted by many financial analysts that the interest rates which central banks around the world set their prices at is about to swiftly move upward due to years of keeping them artificially low. The long term effects of artificially keeping interest rates low are well known among sound economists and financial people [...]

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the coming great depression

Today three heavyweight economic and financial analysts have given their frank opinions on the state of the American financial and banking system, and the news isn’t all that comforting, or as positive as the news outlets are telling the general public. Indeed, one does not even need any so-called expert to tell them that things [...]

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obama olympics

Looks like Obama is going to have a lot of explaining to do… By LaRouche Political Action Committee Excerpt Obama is in full retreat from Copenhagen. “Everything is going wrong for Obama right now,” Lyndon LaRouche said Friday, “but how can he complain? He brought it all on himself!” The Bureau of Labor Statistics reported [...]

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fdic banks

It sure looks like the FDIC is going bankrupt! I suppose only the Treasury Department can save them now. Excerpt Written by MyBudget360 The FDIC has greatly underestimated the problems of our nation’s banking system.  Earlier in the week the FDIC proposed that banks put up $45 billion to protect bank depositors.  The average American must [...]

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bank run

By Bloomberg News The number of U.S. lenders that can’t collect on at least 20 percent of their loans hit an 18-year high, signaling that more bank failures and losses could slow an economic recovery. Units of Frontier Financial Corp.,Towne Bancorp Inc. and Steel Partners Holdings LP are among 26 firms with more than one-fifth [...]

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lehman brothers

Written by Ellen Brown “We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the new world order.” -David Rockefeller, International Banker A year after the bankruptcy of Lehman Brothers on September 15, 2008, questions still swirl around its collapse. Lawrence MacDonald, whose [...]

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