On a recent episode of the Canadian business show The Lang and O’Leary Exchange, Kevin O’Leary, a Successful Canadian businessman and star of the reality show Shark Tank, ignorantly described how people living in poverty is “fantastic news”. O’Leary praised the recently released statistic that the combined wealth of the world’s 85 richest people is […]
Archive | Economic Crisis
Kevin O’Leary Celebrates Crony Capitalism
Posted on 26 January 2014.
Posted in Austrian Economics, Economic Crisis325 Comments
FATCA Invades Canada
Posted on 25 November 2013.
The Foreign Account Tax Compliance Act (FATCA) is a legislation that was passed in the US in 2010, However, starting in July 2014 all Canadian financial institutions will be required to report to the IRS all of the account balances of a “US Person”. What does US tax law consider a “US person“? A citizen […]
Posted in Austrian Economics, Economic Crisis346 Comments
The Wall Street Code – A HFT Documentary
Posted on 18 November 2013.
Title: The Wall Street Code Director: Marije Meerman Year: 2013 [rate] Super quick computers and advanced mathematical formulas have largely taken over trading on the financial markets from human beings – algorithms which seem to have a life of their own. Algorithms secretly lie waiting for the moment that your Apple share or your pension […]
Posted in Economic Crisis, Featured, Videos945 Comments
Ways to Solve The National Debt – Donation?
Posted on 18 October 2013.
All this debate about the government shutdown and the debt ceiling recently, I decided to write an entertaining alternative on how to solve the US National debt problem. Why don’t we donate money to pay it off? In the fiscal year 2012, the US Treasury received $7,749,618.27 in donations from people wanting to pay down […]
Posted in Economic Crisis, Featured, US Dollar Collapse322 Comments
Take Your Money Out of the Bank
Posted on 01 October 2013.
This short video is of interest to anyone who wants to preserve their wealth. In Cyprus where banks outright confiscated depositors money, is an event that can happen even in Canada or the US. As mentioned in the video, the Canadian 2013 Federal Economic Action Plan, introduced a so called “bail-in” scheme to help protect […]
Posted in Economic Crisis, US Dollar Collapse57 Comments
Use 100:1 Leverage on Gold Prices to Build A Fortune
Posted on 13 July 2013.
In the recent month’s, the price of gold, equities, treasuries and oil have been very volatile and are creating fortunes for some traders. Traders equipped with the right system, techniques and money management can also profit from Gold prices going down or up. With Ava Trader you can trade forex with 200:1 leverage and gold/oil/index’s […]
Posted in Featured, Gold and Silver, How To Prepare For Economic Collapse, US Dollar Collapse1,355 Comments
Manila in the Philippines Is The New Call Center Capital Of The World.
Posted on 22 February 2013.
Manila in the Philippines is the new call center capital of the world. 500,00 jobs in this sector only will be reportedly created within the next few years. With its English-speaking workforce, geopolitical stability and embracement of Western culture, the Philippines is fast becoming the world’s hottest destination for call centers. Established in just a […]
Posted in Economic Crisis, Videos62 Comments
Allodial Title on Land – You Wish You Had This
Posted on 04 February 2013.
An allodial title constitutes ownership of real property that is independent to any superior power. In the Middle Ages, allodial titles were sometimes granted: these people obtained land without feudal duties (i.e. taxes). Here is the definition of ‘allodial’ in Black’s Law Dictionary. “Land held absolutely in one’s own right, and not of any lord […]
Posted in Economic Crisis, Featured, Housing Bubble1,568 Comments
Taxing the Rich Doesn’t Work
Posted on 22 January 2013.
Notorious libertarian Peter Schiff rants about the hypocrisy of Warren Buffet’s comments about the reasoning for raising the tax on the rich. Warren Buffet continuously misleads people into believing that he is paying a lower tax rate than his secretary. However, this is true only in terms of his personal income tax, as Warren Buffet […]
Posted in Economic Crisis, Featured459 Comments
QE1, QE2, QE3, QE4…….. Terminate?
Posted on 08 January 2013.
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 […]
Posted in Economic Crisis308 Comments
Get the economic "truth" delivered to your email now! Enter your email address here:
