Economic update

[ashedfc]

a must watch 3 & 1/2min of your valuable time...
http://www.youtube.com/watch?v=16K6m3Ua2nw

[ashedfc]

Our Money Is Dying

Don't let your wealth die with it

(a must read)

http://www.peakprosperity.com/blog/7...ur-money-dying

[ashedfc]

‎"The LIBOR Scandal explained"
Its the biggest scandal ever in the financial markets history

http://www.accountingdegree.net/numbers/libor.php

[ashedfc]

[newb]

Keep up the good work Ash. thanks ... I really enjoy this thread .. the last post didn`t come though
n/m its there now

[janelcd]

Like the idea of an economic update, but a "Canadian" economic update would be great too.

[ashedfc]

Like the idea of an economic update, but a "Canadian" economic update would be great too.

Canadian is too dependent on the US (& Europe to a lesser extent), hence a separate Canadian E update wouldn't give you a complete overview..

[ashedfc]

Here's some Canadian news to cheer about..
http://www.usnews.com/news/articles/...than-americans

[ashedfc]

Canadian home owners & Home buyers... (must read) this write-up from Garth Turner.

http://www.greaterfool.ca/2012/07/18/statistics/

[ashedfc]

Rothschild Wants Iran’s Banks

http://athenianvoice.wordpress.com/2...s-irans-banks/

[Darth Penguin]

You might enjoy this article from Aunty Beeb

The Eurozone's religous faultline

Discussion among eurozone leaders about the future of their single currency has become an increasingly divisive affair. On the surface, religion has nothing to do with it - but could Protestant and Catholic leaders have deep-seated instincts that lead them to pull the eurozone in different directions, until it breaks? Following the last European summit in Brussels there was much talk of defeat for Chancellor Merkel by what was described as a "new Latin Alliance" of Italy and Spain backed by France.
Many Germans protested that too much had been conceded by their government - and it might not be too far-fetched to see this as just the latest Protestant criticism of the Latin approach to matters monetary, which has deep roots in German culture, shaped by religious belief.

[ashedfc]

US is in a invisible depression & the effects are being felt worldwide..

http://live.wsj.com/video/why-the-us...0-5117A20A62F1

[ashedfc]

Prepare for Food inflation
Food prices are expected to go very high in the near future... the US draught situation is getting worse by the day.. Corn crops are severely affected already & there negligible sign of rain (it could the worst draught of recent memory)..

"The drought that has settled over more than half of the continental United States this summer is the most widespread in more than half a century,"

[Shwa Girl]

Prepare for Food inflation
Food prices are expected to go very high in the near future... the US draught situation is getting worse by the day.. Corn crops are severely affected already & there negligible sign of rain (it could the worst draught of recent memory)..

"The drought that has settled over more than half of the continental United States this summer is the most widespread in more than half a century,"

So, I guess the answer is to buy local. Buy Canadian, where possible and eat from the stockpile.
Back to school sales are coming with great deals on breakfast, snack and lunch items -- that's a given, each year.

So, I guess it's good to be a SmartCanuck, since we are prepared for higher prices related to drought in the US. Nice that Canada is able to produce our own fruit, veggies, meat, poultry and fish.
Boy, we're lucky.

[newb]

Just the calamity the economy was waiting for .... stay tuned