Archive | August, 2012

Canada Housing Bubble Price Statistics

City Peak Month Peak Price Current Price Decline from Peak Vancouver Feb 2012 $1,235,244 (REBGV average via* $1,041,325 (July 2012) 15.7% – $194,000 Victoria June 2010 $649,280 (VREB average) $580,557 (July 2012) 7.0% – $45,100 § Edmonton May 2007 $424,572 (EREB average) $384,417 (July 2012) 9.5% – $40,200 Calgary June 2007 $464,500** (CREB benchmark) […]

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Posted in Housing Bubble0 Comments

QE1, QE2, LTRO and QE3? – The Affects to the EUR/USA

An increase in the money supply through government intervention (i.e. quantitative easing) decreases the purchasing power of any local currency. However, When ECB pursues programmes like the “LTRO” (their version of money printing), this lowers their currency as well, although, investors in Europe send more money to the US as a result of its safe-haven […]

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Posted in Economic Crisis, US Dollar Collapse0 Comments

Why Does a Trade Deficit Weaken the Currency and Make the Country Poor?

Currently, the US economy consists of approximately 77% services, which contributes to major imbalances to their economic system and not to mention a massif trade deficit (imports exceeds exports ). The picture below depicts dark countries with trade deficits and greener countries with trade surpluses. The US trade deficit was over 550 Billion in 2011, […]

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Posted in Gold and Silver, US Dollar Collapse0 Comments

Central Banks Are Buying Gold, Are you?

The World Gold Council have recently published their second quarter 2012 report. The report indicates that the demand for gold reached 990 tons for the second quarter of this year. This figure is down 7% from the same quarter in 2011, and down 10% below the previous quarter. Although weaker demand was mainly contributed by […]

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Posted in Economic Crisis, Gold and Silver, US Dollar Collapse1 Comment

U.S Government Debt Grows $10M a Minute

David Walker, served as the United States general comptroller from 1998 to 2008 and he was recently on Yahoo news stating his case for America’s debt problem. The current national debt for the United States stands at a whopping 15.9 Trillion and growing at about 10Million a minute. In other words, 14.4 Billion a day […]

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Posted in US Dollar Collapse10 Comments

Why the True Capitalists Want You to be Rich

In the media, “the rich” are depicted as self-centered, uber-greedy scoundrels, and while individuals like Gordon Gekko (“Wall Street”) certainly do exist, the vilification of the rich is not exactly warranted.  Many successful–and indeed, rich–entrepreneurs use the law of compensation to further expand their businesses and stream of wealth. And because it is you, the […]

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Posted in Economic Crisis, US Dollar Collapse0 Comments

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