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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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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china book

SANTA BARBARA (MarketWatch) — As global economies emerge from recession, policymakers must watch for unsustainable global imbalances driven by high levels of Asian exports and low U.S. savings rates, Federal Reserve Chairman Ben Bernanke said Monday. In a speech prepared for a conference here, Bernanke warned “global imbalances may reassert themselves.” The U.S. must save [...]

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argentina riot

Poor countries are still reeling from the impact of high grain prices, which doubled at the height of the food crisis. Although prices have declined somewhat in real terms, they remain 17 percent higher than two years ago, according to the FAO report. The FAO report said that the recession was still growing, but it [...]

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Members of the Ecuadoran Army

by Gerald Celente Recently by Gerald Celente: The 2nd American Revolution Autumn 2012, the “Greatest Depression” has spread worldwide. Billions are unemployed, homeless and desperate. Countries bankrupt, trade pacts broken, tariffs rise, borders close. Protectionist, nationalist and anti-globalization movements have moved out of the margins and into the mainstream. Immigrants brought in during boom times [...]

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freedom made in china

“Sell the capitalists enough rope and they will hang themselves!” — Lenin The game is and has always been a craft to make money changers richest and everyone else poorer. Banks are not “lenders”. They claim to give you something and then hold you hostage in any way they can to help you pay it [...]

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china shanghai stock market crash recession

New Edition of Conquer the Crash to Be Released in Late October October 14, 2009 Bob Prechter first released Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression during a stock-market high in 2002, and it quickly became a New York Times–bestseller. Now he has updated the book with 188 new pages [...]

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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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dollar burning

Leftist Latin American leaders agreed here on the creation of a regional currency, the Sucre, aimed at scaling back the use of the US dollar. Local currencies, which were once very popular during the Great Depression of the 1930s when federal funds were insufficient in number, are experiencing a renaissance in North America, but for [...]

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washing machine john

If you need an iron clad guarantee stronger than Maytag Corporation’s guarantee on their washers, you won’t find a better one than the promise of a new depression and economic collapse due to the enormous amount of evidence being poured out by analysts and economic indicators. Indeed, consumers are out of jobs; subsequently not able [...]

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dollar crash

The reason the dollar takes a beating in currency markets is because of the near zero interest rates the Fed has been implementing the past year. Nobody wants to invest in dollars when there is no reward (because of low interest rate returns). The side effect of these low interest rates is that banks can [...]

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mercenaries detroit

Just a note to readers: the story below is very real and heavily documented. Just look at the comments with the news paper articles about privatization of city services. In an eerily familiar situation, Detroit looks like it has come out of a science fiction movie of the likes of Robocop 2 with its urban [...]

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unity currency

According to Harry Schultz and many other economic analysts, there will be a collapse of the US currency and embassies should purchase local currency to last at least a year. This led to rumors of holidays and runs on banks and other rumors. As you may know the Fed has had a huge program of [...]

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consent

There are several methods which government uses to cover up the severity of the downturn, here are a couple before delving into the meat of the article by the blogger at Washington’s blog: I recall a history professor of mine in undergrad saying that the way unemployment was measured in the great depression is different [...]

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world currency

The Banksters have destroyed our currency. Time to wake up your fellow citizens of the Republic of the United States. Get rid of your cash. Take your 401K and switch to a Roth IRA, and then Gold certificates. You won’t be penalized. Buy cheap silver as currency if the economy collapses, but stockpile some gold [...]

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