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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Real reason for electricity blackouts hitting southern US

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

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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Canadian government admits recovery never happened

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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abandoned factory detroit

“Washington is doing everything in their manpower, capability, to destroy U.S. manufacturing,” Farr said today in Chicago. How long will it take for Americans to realize they’ve been had by their own corporations? US jobs are not coming back because the factories will not re-open, because those factories are now in communist China. This did [...]

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bank run indymac

“The International Forecaster, Bob Chapman, says that A New System For The Privileged Is Not A Remedy For The Economy.” The current financial crisis in the US and around the world was not a failure of capitalism, but an intentional looting of the world financial system by Illuminist crony fascism sheep-dipped in capitalism. The old [...]

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global warming hitler

‘It cannot be acceptable that the benefits of success in [the banking] sector are reaped by the few, but the costs of its failure are borne by all of us.’ — British Prime Minister Gordon Brown. It is important that the chartered banks be prevented from entering any financial undertaking that involves significant risks and [...]

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alberta oil production

“According to Statistics Canada, Alberta experienced the largest job losses in the country.” Alberta, for the longest time, was touted as the economic savior and engine, or `the land of milk and honey`of Canada because of its vast tar sand reserves which were being heavily exploited by the rising price of oil around the globe. [...]

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inflation striking

What went wrong? All of those who grew up during the late sixties and early seventies can probably recollect when people earned on average 1/3 of the net pay (in real value) yet most families could afford to live quite comfortable on a single income They also had more leisure time, subjected to less stress [...]

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aerial photo commercial real estate

“The American consumer will no longer be able to serve as the motor for the world economy,” said Soros, 79. One reader wrote in: What if the financial system itself is a scam? I’m 62 years old and for my lifetime I have heard that the cookie jar is empty. That the poor could not [...]

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chinese communism

“I am absolutely concerned,” Donegan said. The day the masses were fearing would never appear seems have just materialized by the reality of the giant tiger on the other side of the world beginning to awaken. Since 1994 China has pegged its currency to the US dollar in attempts to siphon manufacturing and industrial bases [...]

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WELFARE STATE

“this is now the longest technical recession since at least 1955.” The devaluation of the pound sterling in theory should increase exports of goods from the United Kingdom. However, you must consider that raw materials and energy needed to manufacture products whatsoever are likely to be priced in euros and dollars and devaluing the pound [...]

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new zealand bank

“Future Governments will face two basic options. They can either lift economic growth above current assumptions or they can cut spending and reduce public services,” Mr English said. New Zealand is an interesting case study because of its changes throughout the years and its experiments with globalization. In the early 1980s as the Pacific nation [...]

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empty factory

‘We are hollowing out our industrial base.’ — Avery Shenfeld, CIBC economist. CIBC calls for loonie intervention ‘Go pick on some other currency,’ CIBC economist Shenfeld says A high-profile Canadian economist has called on the Bank of Canada to use its reserves to defend the Canadian dollar against speculation in extreme cases. In a report [...]

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tortoise and hare

“The Dow is up and many economists see an end to the recession. Try telling that to the rising ranks of those losing their jobs and houses.” — Moira Herbst Investors should not confuse the economy with the stock market, if they both usually follow similar trends. Today, however, the economy and stock markets have [...]

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next pandemic

Europe H1N1 flu spreads, ‘millions’ infected in US GENEVA, SWITZERLAND (AFP) – H1N1 flu is spreading faster and claiming new fatalities in Europe, health officials said, as the global death toll from the virus rose to nearly 5,000 victims and the US said millions had been infected. Since the A(H1N1) virus was uncovered in April, [...]

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canola farmer

“China has blackleg within their own country,” Weber added. “So it’s a red herring.” It is quite obvious now that the world’s major trading powers, China and the USA, are currently engaged in a trade and financial war. They have been in a tug of war for the past 8 years (2001) since China entered [...]

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welcome to nwo

“The global recession created an “export shock” for Germany as world trade fell by about a quarter.” One reader submitted that prices have increased dramatically in the United Kingdom over the last 2 years, but since two months ago the price of bread, rice, flour and milk have increased to 35% (for rice). Things are [...]

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