Your number one source for news about the coming economic depression

“At the news conference Booker also quoted as saying, “Call me Mr. Scrooge, if you want, but they’ll be no Christmas decorations around the city.”
The average taxpayer sees government waste every day, yet the politicians are blind to it.
It’s not a matter of cutting a hundred million here and there. It’s a matter of stopping [...]

“Ontario says healthcare could eat up 70 percent of its budget in 12 years, if all these costs are left unchecked. “Why are we paying more or the same for cataract surgery when it costs substantially less today than it did 10 years ago? There’s going to be a finer look at what we’re paying [...]

“The U.S. Department of Commerce said yesterday that it has set preliminary anti-dumping duties on refined Chinese and Mexican copper pipe worth hundreds of millions of U.S. dollars.”

You cannot create a country’s “middle-class” by “big” socialist government civil servants sustain by low wage earners heavily taxed using their beer wages to create middle-class civil servant’s [...]

“A rumor that Spain will ask for 280 billion euros of aid money in order to deal with its debt is running in the past few hours in trade rooms. This is what’s bringing down the Euro.”

It appears that bailing out Greece wil not be enough to save the European community as Spain is another [...]

“The Bank of Montreal has been hit by a huge mortgage fraud in Alberta that may cost it $30 million, a report said. The bank is suing hundreds of people in connection with the scam, including lawyers, mortgage brokers and four of its employees, CBC News said, citing legal documents.”

The case may be the [...]

“With the federal deficit and national debt heading into the stratosphere, taxpayers can no longer afford to support such lucrative government compensation. Public sector pay and benefits at all levels should be reduced to make it comparable to the wages and benefits earned by the average working taxpayer.”

It wouldn’t be too hard to fathom that [...]

“Goldman Sachs are scum– that’s the bottom line. They have basically co-opted the government; they’ve co-opted the Treasury Department; the Federal Reserve functionality; they’ve co-opted the Obama administration. Barack Obama dances to Goldman Sachs tune.” — Max Keiser

Just remember, Hank Paulson [former CEO of Goldman Sachs then Secretary Treasury USA] took Congress hostage– took them [...]

“No laws are more basic than the laws of arithmetic: For fiscal sustainability, whatever level of spending is chosen, revenues must be sufficient to sustain that spending in the long run,” Bernanke told the commission, which was established by Obama in February to give recommendations on ways of balancing the federal budget.”

Washington needs to find [...]

Financial advisors are the clowns who are making huge profits off of your money no matter which way the market goes. A very small percentage of these “professionals” could not even predict the crash which happened (it was easy to see coming because of de-industrialization). Now they are pushing for investors to throw more into [...]

“The cultural embrace of illusion, and the celebrity culture that has risen up around it, have accompanied a growing system of casino capitalism, with its complicated and unregulated deals of turning debt into magical assets, to create fictional wealth for us, and vast wealth for our elite. Corporations, behind the smoke screen, have ruthlessly dismantled [...]

The whole “cut them loose” argument regarding Greece’s gargantuan moutain of debt and its inability to pay the interest is ignorance. Looking back in recent history (2002 to present) when Argentina defaulted on its mountainous debt, 20 percent of the Italian pension system went with it and hundreds of thousands of Europeans lost a significant [...]

“Treasury has merely exchanged a legal right to repayment for an uncertain hope of sharing in the future growth of GM, Grassley wrote. A debt-for-equity swap is not a repayment … In a hearing Tuesday before the Senate Finance Committee, TARP overseer Neil Barofsky confirmed that GM was using Treasury funds to make the loan [...]

“spells of unemployment while young often create permanent scars through its harmful effects on a number of outcomes — happiness, job satisfaction, wages and health — many years later. Moreover, spells of unemployment tend to be particularly harmful to the individual — and to society — when the most disadvantaged youth become unemployed. This involves [...]

“If we don’t do it, you know this whole city is going to go down. I’m hopeful people will understand that,” Bing said. “If we can incentivize some of those folks that are in those desolate areas, they can get a better situation.”

Detroit Mayor Bing emphasizes need to shrink city
Mayor says it’s not ‘an easy [...]

“Tim Geithner has outlived his usefulness. He is too connected to the bailouts of ‘08. Bear, Lehman, AIG, TARP and even QE are all part of his legacy. That makes Tim a lightening rod. Too many Americans hate that part of our history.”

For anyone who still doubts government and Wall Street or Bay Street [...]

“There must be thousands of people dead.”

The West (this includes Canada & at least the USA) helped overthrow Haiti’s democratically elected government because their President wanted to actually help the people get out of poverty. Then many Western nations went along with the US in destroying the entire economy by flooding Haiti with American [...]

How do these nine politicians keep the exchange rate low? They buy U.S. dollars. Importantly, these nine men don’t just sit on stacks of dollar bills… They invest those dollars in U.S. Treasury bonds.

China wants to take advantage of the global economy, but refuses to play by the rules. If they do not trade fairly [...]

People are known by the associates they keep.  President Obama seems to keep some pretty dirty associates and so much for Transparency once again we find out a dirty little secret Obama’s Tax Cheat Treasury Secretary wanted AIG to keep mum!
“The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold [...]

Recently headlines were made our government was finally going after the ultra wealthy tax cheats who hid their money in Swiss banks. This one case shed light on 4,450 Americans who were evading billions in taxes. The investigation began when Bradley Birkenfeld a former UBS employee pled guilty to helping Igor Olenicoff (a rich property developer in California) evade taxes. As a part of a [...]