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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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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under water woman

“Middle class families are forced to work longer and harder than ever, just to keep their heads above water.” — PC Leader Hudak Canada’s province of Ontario and British Columbia are setting the stages to introduce harmonized sales taxes across the board in their respective provinces. The several next few paragraphs outline the HST. Ontario [...]

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obama czar planning

A classic example of giving in to populist ideals, no matter how myopic. We really believe these execs are sticking around to earn $ 200k next year? And when they bolt, who are they going to hire at this wage? Thus, taxpayers invest 180 billion dollars into AIG, and now we’ll find someone to run [...]

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joker biden

But the problem is particularly acute in Michigan, which has lost 231,000 auto and parts manufacturing jobs. That is 72 percent of the 320,600 auto-related manufacturing jobs the state had in 1999. Today US Vice president admits on a news interview that the USA has officially entered a depression. In a commentary on Sean Hannity’s [...]

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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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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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medical clinic

Will the point at which everyone stops pretending that the healthcare bill has anything to do with healthcare, let alone cost savings, never arrive? The statists provide false premises, false goals, false reasoning and the media accepts each and sets off to discover whether the statists’ plan will “work.” Their plan is working. The health [...]

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rush limbaugh interview

BEGIN TRANSCRIPT RUSH: Steve Wynn on Fox News Sunday was interviewed by Chris Wallace. He’s the CEO of Wynn Resorts in Las Vegas. He’s also on with Jennifer Granholm, the governor of Michigan. And Chris Wallace says, “Unemployment in Nevada is 13.2%. That’s the second highest in the nation. Your company, Wynn Resorts, has more [...]

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america for sale

Yes. the prices of things we do not need are down, but the cost of everything we cannot do without are up. In many cases food items are now in smaller jars and cans that weigh less and give us less product for our money. Tuna used to be in 7 ounce cans, then 6 [...]

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terminor arnold

California Budget Is Already in the Red 10 Weeks After Passage Oct. 10 (Bloomberg) — California Governor Arnold Schwarzenegger will know within a month whether a $1.1 billion drop in revenue collections is part of a growing budget shortfall or an isolated event, his budget spokesman said. Revenue in the three months ended Sept. 30 [...]

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death dollar

The following article is based on analysis from Robert Prechter’s Elliott Wave Theorist. For more insights from Robert Prechter, download the 75-page eBook Independent Investor eBook. It’s a compilation of some of the New York Times bestselling author’s writings that challenge conventional financial market assumptions. Visit Elliott Wave International to download the eBook, free. By Nico Isaac October [...]

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us-population-dead

In recent days, there have been a number of articles in the media about the steady decline of the U.S. dollar against the price of gold and other currencies. As many economists have foreseen the possibility of the dollar’s decline against other currencies for some time, most do not understand the importance of this. Some [...]

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obama speaking

By Paul Joseph Watson Former White House speechwriter John L. Perry has courted controversy by suggesting that the U.S. Military, upholding their oath to defend the Constitution against domestic enemies, could stage a bloodless coup to oust President Obama. In an article originally posted on the Newsmax website, Perry wrote, “There is a remote, although gaining, [...]

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slavery

Canada’s province of Ontario and British Columbia are setting the stages to introduce harmonized sales taxes across the board in their respective provinces. The several next few paragraphs outline the HST. Ontario plans a major tax reform that will combine both the provincial and federal sales tax on products and services. The combined tax of [...]

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