US, world headed for 25 year depression: Jim Rickards

US, world headed for 25 year depression: Jim Rickards

“When I use the phrase 25 year depression, it sounds extreme but it’s not. We had a 30 year depression in the United States from about 1870 to 1900…The Great Depression lasted from about 1929 to 1940. The U.S. is in a depression today.” Well, it's been in the works for

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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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the next cold war us dollars

“”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, Financial Times contributor. “Well, [...]

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Obama King

Contaminated well the Obama’s just give that to the HOMELESS. “The White House has also donated produce from the garden to Miriam Kitchen, a soup kitchen for the homeless.” In case you are wondering who contaminated it that would be the Clinton’s. “The story becomes more interesting when you discover that the reason the lead levels are [...]

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handful of loonies

“We’ll start paying it down once we’re back in surplus,” Flaherty said. There is a pool of money untapped by government: the practice of undeclared barter. When an individual says to you “That will cost so much if you pay by cheque but 20% less if you pay cash you know that the cash payment [...]

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gog magog eurasia world war 3

“.. the average family will be hurt by that [governments printing money], and then in order to distract the attention of the people, the governments will go to war. People ask me against whom? Well, they will invent an enemy.” — Marc Faber If they need to invent an enemy, they really don’t have to. [...]

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welfare benefits detour

“It’s a horribly complicated system, and most people didn’t pay attention,” Mr. McDermott said of the need for quick Congressional renewal. Too bad the sheep still “don’t get it” because what we are witnessing is a process that started some time ago — the elimination of the middle class throughout the world (redistribution of the [...]

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Small muds riot in detroit

Caseworkers Fear For Their Safety UPDATED: 5:56 pm EST November 16, 2009 ClickOnDetroit.com LANSING, Mich. — Michigan caseworkers who deal with food stamps and other aid programs say they have never been so overwhelmed — or so worried about their safety. Some clients have begun taking their anger out on the very people who are [...]

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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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yellow duck invasion

“The day they decide to float their currency you are going to get huge reversals of financial flows around the globe, which will affect all exchange rates, that’s why I compared it to a tsunami,” he said. The demise of Communist China is inevitable. It’s a ticking time bomb just ready to implode and splinter [...]

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stole from walmart shoplifting

University of Melbourne criminologist Dennis Challinger said there were links between a worsening economy and rising crime. This is easily explained if one understands how “official” unemployment is reported to and by the media in the U.S. Putting aside all the jargon, any person who is on unemployment long enough and then runs out of [...]

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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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worlds highest standard of living

A false recovery is under way. I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner. The PBS Frontline documentary “The Warning” makes a broader point about the indefensible behavior by Wall Street intelligentsia and in [...]

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homeless grocery cart

“We recognize these are tough times and more people are food-stamp-eligible,” Costco Chief Financial Officer Richard Galanti It is concerning that food stamps can be used in a store that requires membership fees. While it is commendable to believe that people should be able to get the most for their money in terms of price [...]

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total martial law

Executive Order 12919: “National Emergency” Should President Obama proclaim and put into effect Executive Order 12919, “the President would put the United States under total Martial Law and Military Dictatorship.” [2] “The President need not wait for some emergency to occur, however. He can declare a National Emergency at any time, and freeze everything. Congress, [...]

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rape

Dear Ms. Pupatello & Minister Duncan, I am writing to convey my dismay at your approval of the new HST. Very simply, any tax imposed by government on people is a detriment to any economy. I do not know if you attended any economics classes, but one of the first things you’d learn in Macroeconomics [...]

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