City Peak Month Peak Price Current Price Decline from Peak Vancouver Feb 2012 $1,235,244 (REBGV average via yattermatters.com)* $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) […]
Archive | August, 2012
Canada Housing Bubble Price Statistics
Posted on 31 August 2012.
Posted in Housing Bubble1,278 Comments
QE1, QE2, LTRO and QE3? – The Affects to the EUR/USA
Posted on 26 August 2012.
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 […]
Posted in Economic Crisis, US Dollar Collapse1,643 Comments
Why Does a Trade Deficit Weaken the Currency and Make the Country Poor?
Posted on 23 August 2012.
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, […]
Posted in Gold and Silver, US Dollar Collapse1,697 Comments
Central Banks Are Buying Gold, Are you?
Posted on 20 August 2012.
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 […]
Posted in Economic Crisis, Gold and Silver, US Dollar Collapse20 Comments
U.S Government Debt Grows $10M a Minute
Posted on 16 August 2012.
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 […]
Posted in US Dollar Collapse2,205 Comments
Why the True Capitalists Want You to be Rich
Posted on 10 August 2012.
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 […]
Posted in Economic Crisis, US Dollar Collapse24 Comments
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