Tons of retail chains are closing stores, and also food chains aren’t doing well as well. Have a listen, the reality is that much of the United States are still in a recession / depression.
American’s tax dollars are still being used to bail out the financial system. Secret bail outs will keep the United States in-debted continuously, there seems to be no end in sight.
American’s need to understand that the Elites (people that control the government) do not want you to know about Ron Paul and what he stands for. That is why they do not show him on the media as much as all the other “puppet” U.S presidential candidates.
The people that control the government also run the Federal Exchange and they do not want Ron Paul to become president because he speaks the “truth”. The Federal Exchange is run by the elites, to control money supply, interest rate which transfers the wealth from the poor to the rich (corporate elites, banks).
Here’s a great article of the disconnect that economist and politicians have in regards to the true state of the Canadian economy. Of Course the economist and politicians do not see a recessions, they have high paying jobs courtesy of Canadian citizens tax dollars and they don’t feel the rising cost of gas and food in their comfy world.
I can’t believe the Fed, changing the way they measure inflation. Oh great, further cooking and fudging of the numbers to make the economy look better than it actually is.
Everyone, who goes shopping for food realizes that there is inflation, but the U.S government keep lying to the American public, and 90% of U.S citizens are just eating it up….Duh OK we believe the government.
The timing is only different, he says, because “banks these days are much bigger than they were in 1929.” In the 20’s institutions were reliant on client money to lead their bailout attempts. Today Central Banks have the ability to call on future, often overstated, tax revenues and are unencumbered by anything such as a gold standard when attempting to ward off the human desire to hide under the covers, financially speaking.
Henry S. Dent has a pretty good track record of foretelling what will happen. Nobody can predict when it will happen just what is going to happen and so far, the next crash is taking longer because of Fed stimulus.
He recommends get out of stocks, commodities and get into cash and U.S Treasuries. He is not a gold bug though. He thinks it is a commodity and will get pull down with all other commodities.
Canada needs Canadian’s to spend to grow the economy and battle the global economic downturn, however the wages of working Canadian’s are not increasing in line with the cost of living.
Statistics Canada has outline that the major provinces are struggling with slow job growth which makes it harder for workers to demand higher wages and couple that with a rise in commodity prices around the world and you can see that energy (fuel) and food costs takes a bigger chunk out of Canadian’s pay cheques.
