The minutes of the latest Fed meeting show that their quantitative easing programs may terminate sometime in 2013. Yeah right! There are two ways to interpret this lofty and fanciful goal: either the Fed has no idea about how an economy works, or that the Fed understands very well the catastrophe into which it is leading […]
Author Archives | Chris Ferreira
What is Money? – Stored Human Energy…
Posted on 04 January 2013.
Money has assumed many different forms throughout its history, affecting everyone from the strongest monarchs and the lowliest peasants, to you and me. Money originated as barter in many different forms, from wampums in Native America to whale teeth in Fiji. Other barter items recorded were seashells, amber, ivory, decorative feathers, cattle, and a large […]
Posted in Gold and Silver, US Dollar Collapse2,056 Comments
Top 6 Must-Read Books on the Economic Basics
Posted on 03 January 2013.
Here is a list of the six best books on “economic basics.” These books lay the foundation for understanding the fundamentals behind the current global economic crisis. 1. Economics in one Lesson by Henry Hazlitt This classic work by Hazlitt is one of the best beginner’s books on basic economic principles. This book is for […]
Posted in Austrian Economics1,804 Comments
US Debt Crisis – How High Will It Go?
Posted on 28 December 2012.
The implications of the US debt crisis are not well understood in most circles, and it is not widely spoken about in the media and during important political debates. The irony is that the US debt is so significant that it plays a monumental role in finance and modern political strategy. The debt poses great […]
Posted in Economic Crisis, US Dollar Collapse2,196 Comments
Canada’s Housing Bubble: Price Statistics – December 2012
Posted on 24 December 2012.
Here are the latest price statistics for Canada’s housing market. Price statistics refer to the updated numbers in the month of November 2012. Declines were seen in all sectors and regions expect for “townhouses” which increased slightly. The aggregate price for all sectors and major regions in Canada declined again in November, posing the longest […]
Posted in Housing Bubble1,940 Comments
Canadian Junk Silver – What You Need To Know Before Buying
Posted on 24 December 2012.
The price of retail gasoline in Canada in the early 1950’s was approximately a dime per liter, and the average price of silver in the early 1950 was $US 0.83 cents/oz. (USD=CDN most of the 50’s). Today, if we could hold that very same 1950 silver dime which contained .06 oz of pure silver, at today’s silver price […]
Posted in Gold and Silver2,335 Comments
Canada’s Housing Bubble – Has Cooled but When Will it Crash?
Posted on 18 December 2012.
Recent Canadian real estate data shows that the housing market has cooled; however, the much needed correction of valuation is far from over. Overall the housing correction was felt the most in Calgary; cities less affected were Regina and Montreal. Take a look below for average price statistics: Canada’s Housing Price Statistics Besides Calgary, the decline […]
Posted in Housing Bubble852 Comments
Canadian Banking System Exposed
Posted on 12 December 2012.
Despite what is commonly understood, the Canadian banking system is as strong and resilient as most people might assume. According to the World Economic Forum, Canada is ranked #1 in the world for “the most sound banking system in the world”. I am not sure what world they live in, though. The Canadian banking system is no […]
Posted in Economic Crisis1,078 Comments
Oh Canada Movie – Our Bought And Sold Out Land
Posted on 28 November 2012.
Title: Oh Canada Movie – Our Bought And Sold Out Land Year: 2009 [rate] This 2009 entertaining documentary film explores the history of banking, the selling out of the prosperity of Canada, the clearance sale of Canadian businesses and the political liquidation of public infrastructures to the multi-national corporate oligarchy. How has this led to […]
Posted in Housing Bubble, Videos1,898 Comments
Corporate Fascism – the Destruction of America’s Middle Class
Posted on 23 November 2012.
Title: Corporate Fascism – Destruction of the Middle Class Director: James Jaeger Year: 2010 [rate] Corporate Fascism explores a new kind of fascism, the merger of corporations and government whereby corporate power dominates. With the emergence of ever-larger multinational corporations — due to consolidation facilitated by the Federal Reserve’s endless FIAT money — the […]
Posted in Videos844 Comments
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