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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mortgage meltdown war next

It looks like Obama is continuing his work at bankrupt ACORN. The government shouldn’t have poor people to sign mortgages for the houses they couldn’t afford in the first place. What an insult to the millions of prudent home owners who bought what they could afford and made all the payments. Now they are asked [...]

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military budget cuts

“Even if we were to return to the funding levels we’ve had in recent years, we cannot continue to sustain viable operations in all 56 armories across the state,” Bunting said. “This is a challenging time requiring difficult choices.” Kan. National Guard to close 18 armories By John Milburn – The Associated Press Posted : [...]

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no cash value coin

..the FDIC is contributing to the deflationary trend. It has “tightened rules on required capital levels,” which forces banks’ loan ratios to fall. The FDIC Anesthesia Is Wearing Off November 20, 2009 By Robert Prechter The following article is an excerpt from Robert Prechter’s Elliott Wave Theorist. For more information from Robert Prechter on bank [...]

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statue of liberty crying

Are we nearing a tipping point as rapacious elites push a heavily armed populace too far? “A government afraid of its citizens is a Democracy. Citizens afraid of government is tyranny!” — Thomas Jefferson The british are close to a “ruled” people because of their tolerance. Americans are irritated, as they have less tolerance for [...]

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banker is overwhelmed

This “idea” that an economy must be based on debt and “lent money at interest” is absurd. A monetary system would work well with usury outlawed. In this scenerio, it operate exactly like the stock market: when a lender makes a loan to a borrower to the lender gets some “stock” in the profits that [...]

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chart gdp depression

“.. people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession,” he said. Interest rates are market driven. The Fed is simply following the market in determining rates. The low rates indicate that money demand is very low; it is a sign of a very weak [...]

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Mcdonalds Over Qualified

“For the first time in at least six decades, private sector employment is negative on a 10-year basis (first turned negative in August). Hence, the changes are not merely cyclical or short-term in nature.” An economy can’t survive without manufacturing and right now people are making everything off-shore and then selling it back to us [...]

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quit smoking burning money

The United States will be forced to act against its trade deficit. The U.S. dollar will collapse. We need to consider the possibility that the USA economy is toast. That is – it has hit a zenith in the past and is now in decline and will NEVER come back. In other words this may [...]

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greed

“The injunction of Jesus to love others as ourselves is an endorsement of self-interest,” Goldman’s Griffiths said Oct. 20 It is easy to make a profit when you use money that was given to you by the government in the form of a “bail out” through AIG. It is obvious this is a complex web [...]

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enslavement

“This is a real danger sign that we as a society need to do a lot more to protect children,” Rank said. It is very strange on how Mr Rank draws this conclusion. This seems to be an indication that the USA / Canada / Europe already has a program in place that protects children [...]

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victor yuchenko disfigured

“Ukraine has joined the global pandemic zone,” Vasyl Knyazevych said. Tymoshenko said the government would also be banning “all public gatherings, every concert and every cinema showing for three weeks.” The government will also introduce “special regimes” to limit the movement of Ukraine’s citizens from one region to another for non-urgent purposes, she said. Ukraine [...]

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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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Obama Hitler

“That longest and friendliest border in the world is now an invisible Berlin Wall,” Mike Bradley told CBC News regarding the new passport requirements. “They are not playing by the rules” — Dr. Alan Keys Here is some background information on what has transpired in the past five days in the United States and some [...]

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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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