Canadian Bank Stocks 2010
Truth WILL
COMMON Common Sense
For those who think
Truth WILL
Amid all the prevarication splashed across all media, the case a very big and important, which was completely ignored by the media, events, Saturday 9 / 12: We had the first demonstration of the drawbacks gravel-sized to death. There were about 75,000 people protesting in Washington and millions of others across the country. The media, except Fox News, does not cover
DANGER AHEAD: Entry Commercial Real Estate failures, bankruptcies and foreclosures minimize the disaster struck. The economy will not return for TARP money which is actually a financier "is to disregard" of 13 million dollars in bail for who? Certainly not the people. The scholarship is now fully rigged Thurs Moving all bank reserves are completely wrong, because all banks are bankrupt. The FDIC is bankrupt, Freddie and Fannie are in bankruptcy and the federal government is bankrupt. That's why they are not ready, even if their balances seem reinforcement. Everyone knows that there are many more rights-offs to come.
Some time ago, I mentioned that most manufacturers go bankrupt. It has not happened yet, I refer to Deutsche Bank predicts that by 2011, half of all households in the United States will be worth less than their mortgage. Meanwhile, manufacturers have their funerals. Soon, 26 million families will receive increases in their mortgages Alt A.
More negotiations on the government stimulus U.S., plus the dollar will be higher and gold leaves. Again, perhaps for emphasis, but jobs will not return. Many jobs are finally disappeared never to return, and that will make this recession and depression greatest of all.
There was a great flight bank but banks have been stealing.
Today's culture is the lie of Wall Street to Main Street to the statements of government and finally, our media … The ruling made headlines Bernanke, recession is almost over. Bernanke has NEVER been right at all his statements. That is a record. Lie public opinion is structural, endemic and indigenous.
The next item on the fall Colleges and universities. Their fees are increasing for years and this must stop. Endowments are down an average of 25%, former have more money than before. When they graduate with a degree in liberal arts and saddled by huge debts – no jobs for these people, and little future.
Just to stay even with the issue of employment and new jobs for people who leave schools and colleges, we have to create 150,000 jobs per month. Instead, they lose an average of 500,000 jobs each month for six months. Who's who jokes that the recession is almost over.
WAKE UP: Look at the math when it comes to spending. We have to borrow three billion dollars a day from overseas just to survive. Interest of our current debt is $ 800 million day. How long to keep the external financing of this debt, are now afraid of the dollar? The United States should abandon the "too big to fail, FAIL. No more bailouts. That is what the "cleaning" question. In now is to rescue the rich. This has to stop, but it may be too late.
Monetization: It is now recognized by creditors. The U.S. dollar will be phased out. Desperation is now entrenched in our monetary policy. This is not hidden. The credit markets of the United States lost its liquidity legitimate and increasingly are resorting to desperate daring alternatives, namely monetization feared – the shape of Weimar was taken. In fact, U.S. $ on the basis of all asset types could soon have direct monetization as well. That means the Fed to buy all kinds of bonds in their portfolios to organize the financial system. If it were not for the purchase of most Fed U.S. Treasury securities issued (Although hidden) the rate of long-term interest would be increased quickly and alarm, with significant damage to the effects of the U.S. dollar through Auction sales have failed.
The dilution of U.S. $ in print is sure to lead to a reduction of the exchange rate U.S. dollar much. bubbles always break. There is no bubble in the American landscape correctly identified by the bankers who created them. There's really no way to know how many tens of billions of dollars in Treasury bonds were purchased in secret. For Federal Reserve in the last "fraudulent" auctions. With the bubble now, like all bubbles, which will be an explosion, then a reduction prices and that will be both painful and very fast, when the consciousness is spreading monetization. I am seeking a 30% to 50% loss of the dollar. You can take six months or may take two years.
Many people talk of deflation but only because they do not fully understand what deflation and inflation are real. I really think that the stagflation (inflation with unemployment bad) and hyperinflation tsunami is already in sight. All central banks and the responses of the United States government have been and remain the same, which is printing money, issuing debt and federal deficit.
We are at the disposal of inflation. There is nothing planned by the teachings of Ludwig von Mises Austrian school of economics that has not happened. This analysis phase about 2 which states that monetary inflation should accelerate to support bubble growth. must also be quick to support these bubbles break anyway, and inflation should continue to accelerate in an attempt to prevent all system collapse.
We have a government that is not equipped to resolve a real crisis. They only give the appearance of action, leaving behind real reform, because they never see, much less address the causes real. The people who created financial mechanisms that have robbed people of their future together still at large without taking their huge bonuses. You are witnessing a collapse of the empire from inside (as do all). Our real unemployment rate is now greater than 21%. More than 260,000 jobs a month away. (It is not unemployment, but the folding stations, never to return.)
Governments and financial systems control the owner has been struggling for some time. There are always consequences for it.
Take nothing Depreciation: will probably be the next bubble to implode no merits in the light.
Without adequate warnings, the American public is in line to lose their savings. mortgage, pension funds and savings accounts are now vulnerable deceit, cunning, and messages fake (propaganda). They have to pay attention to the warnings to stay away from paper-based Investments. They need to put in U.S. dollars and values based assets of all kinds and to embrace the gold and silver. You are witnessing the largest transfer of wealth active role of durable goods of value. Few do this or to identify what rush to U.S. Treasury bonds, the largest and final bubble that must eventually implode ..
The State bureaucracy has continued to expand its reach throughout the U.S. economy at an astonishing rate. At the same time, the foundation of security is "fallen" from within the U.S. banking system and La financial exposure to 4.1 trillion dollars in losses and gains, whereas a fee of just $ 1.4 billion. If this does not mean bankruptcy in large letters, the insolvency of the U.S. Treasury does. ensure the Foundation: the tax on income from the government. People do not pay to work taxes at all. They seek restitution and register as unemployed.
The G-20, which will meet soon lower interest rates, sheds new creating billions of dollars in "money" in the financial system, brought comprehensive safeguards on bank deposits of its citizens and prevent the bank "Active" for cash prizes ANY market. And in unison. Now, as I see they are making plans to avoid the consequences of their actions, not work.
To repeat myself, now has the highest robbery or takeover of government by Wall Street, in the history of the United States. Toman Washington and suck them dry, especially by Goldman Sachs. The Fed is giving all the money printed for the largest banks. Virtually nothing goes to the main street.
We are entering the beginning of major depression in our history.
Avoid economic lessons
In basic terms, the production must pass before consumption. Today, we are told that at least the past 10 years, consumer spending accounted for between 67-70% of the U.S. economy. Is the inner product Gross. In reality, this is impossible, but we have changed rules. All that is required is a growing trade deficit with the difference that the recognition of Treasuries. Is this something? To do this, because 10 years and that China is building up to one billion dollars in U.S. Treasuries.
In terms basic, the real savings (not consume products) are required. It is a prerequisite for investment and economic growth. But our country and its people have no savings to speak of. We spent our savings and what is worse, the use of capital.
As to the fundamental interest is a payment to an owner of capital in exchange for dropping the control or use of this capital over a given period of time. But the U.S. government has chosen to change this situation by requiring that motto "Elastic" and can be extended at will to meet the needs of government and business. A free market is where people come together voluntarily to share the fruits of their labor. When you begin to settle, the free end of the market. Governments can abolish the beneficial owner, no matter how many times Obama said, "Yes, we can. "More people see the government and control of the economy as a prerequisite for their own welfare. In fact – the opposite is the case.
Even talking about reality, the U.S. government is bankrupt, like Citigroup, AIG, Fannie Mae, Freddie Mac and others. Are kept afloat through the auspices of United States government. The government has no assets. All they have is the loan and the power of taxation, one based on it. But the powers of Government Taxation become useless during a severe economic downturn. Moreover, instead of capital gains reports, people are declaring capital losses and seek tax refunds. The government spending spree coincides with a huge drop in tax revenue. Rather austerity measures but that common sense dictate, the government did the opposite – the exact expenditure out of their reach and increase the indebtedness of its citizens even more. The deficits incurred massive bailouts to "save" funding will be a huge anchor on economic growth in the coming years, although word depression was to end tomorrow. If there is no real savings (capital), then depression will continue.
- When average person, finally, the catch was very serious.
There are 2.4 billion dollars (value) Other mortgages Who is scheduled for delivery in front of us. The restoration will be much higher and we have abandoned more properties and foreclosures. In addition, banks have been taken off the market to prevent excess supply of all. commercial mortgages begin to lack of a more numerous. According to statistics Shadow, there are currently 21 million unemployed. Nothing is over. When people stop believing the media and make the calculation??
THE DEATH OF SMALL BUSINESSES
The remains of small businesses is enormous. It is the element Living the American Enterprise. It is the biggest reason for the growth of the middle class is becoming a national tragedy. neglect in Eq. Small businesses are vital for recovery, but not many. The companies are born, hired, equipment purchased, the sales are generated when the deliveries are made, services provided and taxes paid are. If you did not know, 50% GDP and 90% of new jobs come from small businesses. The famous TARP funds, less than 1% went to small businesses. All federal programs that support logging, large inefficient enterprises, fully committed to failure. Business bankruptcies are considerably. Fewer small businesses are: Since January, 350 companies went bankrupt on a daily basis, representing an increase of 240% in 2006. Therefore, to claim the economic recovery is an total lie. Small Business is the backbone of the U.S. economy and is in ruins. For most, there are no jobs for university graduates.
The top American people: We lose jobs and have no savings. Then they lose their homes, who took advantage. They do not guarantee cons left to borrow. And the various banks do not lend to them, because many lose their jobs and banks seek to rebuild their base warranty. Banks prefer to loan money the government because the loan is guaranteed by the government and these loans do not require excess reserves.
Since our government knows that the American people can not pass, they see themselves as relating to the expenditure for them, while tax collection has fallen 40%. All governments of the G-7 and above our own have reached the point of dealing with spending cuts or go bankrupt .– And this choice is directly on the centers of power. The lower levels of government – State governments, local and municipal governments and firing workers, reducing employment, after forcing the leaves and reduce the costs and services. It's just the federal, who still insist on conducting business as usual. What this really means is that the federal cost is not an object when political power is at stake What's at stake is the time that these governments can get away with spending money without end. For this reason, I am in direct opposition to current consumption of tax-exempt bonds of any kind, we are not so close to the elimination of multiple crises.
This is not the same as the Great Depression, where most of the municipalities paid their interests. Maybe 5% by default. It's much worse. California has to borrow 10 billion U.S. dollars from JP Morgan (which is actually the U.S. Treasury) and to pay a 8% interest after a period of time. They also get paid 80 million per day for the user interface. They have $ 26 million and all the more. I do not see the end here. Owning the obligations of a State which is not in trouble? Perhaps, but not me.
I am well aware that most people need incomes, particularly pensioners. I recommended KMP SPLM and BNB will pay decent income, the deferred tax. Their incomes are a form of insurance in the coming years. These are the pipes that carry oil and natural gas and store.
Do you feel something tightening around your neck?
Either the current system will recover or the people reject the attempt to recover because it awakens the fact that socialism has never worked. It's really the decision we all face, whether you realize it or not. The more you choose for the government to take the liberty of everything but what they have. Any sign of growth of loans backed by the power of future generations of tax is brought to you as a false signal of "recovery." All governments injection of "capital" that allows the body to continue operating the financial document stock markets is presented to the reader as a sign of recovery. "I speak Citigroup, AIG, Fannie Mae, Freddie Mac and many others. In fact all the bodies are kept alive by a feeding tube U.S. Treasury (the public). And all the government statistics (hacked), it is not as bad as the former is presented as a sign of recovery. "Every step that the government tightens the noose around the neck, literally, and those still struggling with self-sufficiency is brought to you as a sign of recovery. It feels a strong bond? Is it difficult for you to breathe?
Where is this recovery going? Its objective is the preservation of political power about the lives and property of those who are expected to finance this power. And they can not manage the economy without controlling people who do not go to the economy, but did not take part in the cooperation with their peers. The ultimate political power can not count on cooperation than ever. It is based on strength and nothing else.
There are two opposing forces here which is the key issue. In particular, the resumption of political governance or the people to resume political freedom. The two or three years will tell. What happening today in the informal economy will be at least three more years and maybe more. We entered a period of very high costs, most investment are based on the greed of one sort or another. Investing in gold is based mainly on fear and there is much to fear in the next three years. Greed comes later: "And as I have explained many times: There is nothing more powerful than a bull market fueled by both greed and fear. The Bull Market type of gold can only give orders.
Lies and deception are more clearly in regard to price inflation, the benefits of inflation as a policy, saving the attack for which no return, even implicitly encouraging savings game life and pension funds. The ruling elite control of banks, which control the creation of money. They are assisted by intellectuals as Greenspan and Bernanke, Paulson and Geithner, Jamie Dimon and Lawrence Summers, Martin Feldstein, Bill Gross and Warren Buffett and Robert Rubin, who preach the ideological dogma that ultimately destroyed the system and our industry and our investment "End quote.
The U.S. dollar is extremely vulnerable: The dollar U.S. is currently distributed in progress: The level of $ 78.50 has been broken of this paper and is now at $ 76.30 on the index of U.S. dollar currencies. Despite the technical signs now point to a short-term crisis-reaching and important, they will try to make at least an attempt to rally (probably coinciding with the G &). It is ongoing and will eventually cause the dollar to 70 years. It is for beginners. Analysts then mourn World currency crisis. It's something I've been looking for a long time. The following are not renewed U.S. dollar at all, but a process of slow death, debauchery destroyed by failures monetary policy of economic recovery in the United States, the U.S. bank failures and loss of global confidence.
Three stages (a dollar crisis is approaching)
The competing currency wars will soon reach its climax. Weakness U.S. dollar force other countries to destroy their own currency in response, to avoid further damage to its foreign trade. I'm looking for this destruction of Currency occur in three stages, the first is now visible. In Stage 1, the U.S. dollar will weaken and the euro will rise. In stage two, the euro will weaken, but the dollar will not receive or recover. Other currencies, like Canada, New Zealand, Australia and Norway go to place U.S. dollars. Gold and silver are the main beneficiaries. In third stage, perhaps two years from now, all the commodity currencies will weaken and suffer all the tangible assets like gold and silver. All funds that will drive the wide world of real money, namely gold and silver, because I believe that the monetary system is broken.
The Chinese government announced repeatedly to download U.S. Treasury and U.S. Agency Mortgage Bonds. They also want to increase their gold reserves from 2% to 5%. So, you must purchase all the World gold for one year or 2,500 tons of gold. Not likely. So important to buy gold on the market, putting a floor on the price of gold. I saved after of each paragraph – Add to your assets in gold. But some of that. I was recently asked, "Now that gold has passed $ 1,000, should I sell and take profits?" It has been my feeling that the gold by an estimated $ 1,500 by the end of the year and $ 2,500 during 2010. After that, we'll see.
Does entry of the IMF gold sales down the price of gold. Maybe, but only to admit China and China not so long that buys everything.
Is there a crisis coming?
I'm looking for a period of three months or sooner. Our debt situation will force a new crisis. The United States itself is on the horns of a dilemma. If she tries to balance its fiscal budget with spending cuts, sending the economy U.S. into a depression. If not, then the U.S. Treasury to maintain loans to fund (pay) the budget deficit to the point that all lenders give up. When this happens, the U.S. Treasury will have to go to the printer from the Federal Reserve. And I think the Chinese know it. So say they offer U.S. choice Yuan obligations. That is the impression of bonds denominated in RMB Treasury, which would at least eliminate the risk of the dollar down to the Chinese. The dollar may fall without affecting China, it would be paid in RMB.
However, any such attempt would result in many other countries loans in the United States is in its own national currency. This will then destroy the U.S. dollar as a reserve currency. So I tell the reader the impression prolific that the U.S. dollar money is in danger on many fronts. It will be an approach to the crisis, the U.S. dollar. Your best defense is primarily gold, other currencies are devalued. Currently, the U.S. Treasury demand is facilitated by HIDDEN monetization of a very large scale, both in the front with the primary bond dealers and forehead foreign collusion between central banks,
The owner offers gold for protection individual institutional level, the level of the company, both personally and in a stable unique and subtle. It is the only real money and sleep well at night, whatever the financial world ago. Frankly, it's still cheap as many fools in the money supply has increased in both the U.S. and the world in the last 3-5 years. Taking into account the derivatives multiple monetary growth are even greater. So I say that the price of gold should be at least $ 2,500 per ounce at this time and up to $ 3,000 approach but remains with the brute force of a clear penalty of gold by banks not be possible to continue much longer.
Ben Bernanke and his audience do not realize that he and the rest of his teammates were painted in a corner saying. And as a comment, the president of the U.S. Fed is not a banking crisis or issue letters of guarantee in advance, even a housing bubble. Did not recognize the bank credit crisis until long after the improperly labeled a "subprime" when estimating total bank losses, only $ 200 Dollars. So Bernanke's banking system should not extend to the tangible economy, as if no recession. I was wrong. He predicted a recovery U.S. economic the second half of 2009. I was wrong. It was never the right time, but the president praised him and then reappointed. In my opinion, is the denial, either depth or completely incompetent. Then admits that the banking system has not returned to normal and that many still can not get loans. Fully recognized mistakes, no errors, no consciousness in recent times, no treatment for Wall Street firms, not irresponsible lack of transparency for TARP funds, no erroneous estimates of the costs of nationalization many entities, without recognition of the course "Black Hole Credit derivatives are" still resists an independent audit of the Fed and practice an escape from reality.
Bernanke has called for controls strict governance of insurance conglomerate AIG, which is an impossibility. It also urges the phasing out of an interconnected world of U.S. companies – is impossible. In fact, Bernanke is stuck in the mud. The Federal Reserve does not have an exit strategy, as none is even remotely possible, given the very corner severe that the Fed itself painted. It has no brain to change course, because it can not be understood.
Buy gold
My conclusion is that if you hold securities denominated in a currency that loses bleaching by comparing their results against money laundering, such as intrinsic real gold. This is what you buy. You can also buy the money because it costs less, has more influence, and that phase is used both as an industrial metal and money. I'm looking for 20-23 to end of the year by $ 35 next year. The Eagle One ounce of silver today has a premium of $ 2, but I would buy anyway. I sell ABX as part of the plot and Bank Bullion destroyed their records in their coverage.
Some final words: a new paradigm is upon us. The word means change, major change. And the majority voted for change, but had no idea this change really means. But you still have to watch and protect yourself. It's like going through a veil to a place never seen before. And this place will soon become very dangerous with very bad forces has soared. U.S. Fabric social is broken, and this situation will worsen. The system we have been accustomed to break the will; platforms will collapse, causing huge worldwide wrinkles causing much destruction. Breakdowns occur now, but will be much more visible. Gold is the most important point to see now and posters Ingots lose control of its price. Although there are many shorts in gold, China is buying all dips. The agreement of the union and the elite are losing control in a visible way.
I do not really matter what most analysts and economists say that the end of this recession. The figures provided by CNBC and other government agencies have added to literally years. We are now entering the next stage in the abyss of what it means to be the biggest slump in history.
The people in Congress are parasites that feed on the private sector and eventually kill. The parasite kills its host. The G-7 and the United States, which became in all welfare states are moving towards a huge collapse because they accumulate unpayable debts and can not be extinguished. In my opinion, can not avoid the final collapse.
About the Author
Canadian Market Analysis – Bank Stocks