Today, the Center for Public Integrity releases the results of its investigation into the housing crisis, which showed that investment banks, some of which were recipients of billions of taxpayer dollars through the federal bailout, made major investments in subprime lending. “The top subprime lenders whose loans are largely blamed for triggering the global economic [...]

Comments: since all banks are connected in some way, I would state that Canadian Banks are BANKRUPT as well. (if anybody thinks differently, or your government states otherwise, is in for a BIG surprise!) Its just a matter of time before the “run” on the banks occur. GOT GOLD/SILVER? NEW YORK (Reuters) – Jim Rogers, [...]

According to Eric_deCarbonnel who writes a column called “marketskeptics”, the US dollar will collapse in 30 days. He and many others believe COMEX gold is a form of debt. Right now, because of low margin requirements, sellers of gold futures only have enough gold to cover 10% of outstanding contracts stored in COMEX warehouses. If [...]

According to this report we are in the midst of a financial PANIC! Should you be doing a major withdraw? I think so! Roubini Says `Panic’ May Force Market Shutdown, Fund Failures By Alexis Xydias and Camilla Hall Oct. 23 (Bloomberg) — Hundreds of hedge funds will fail and policy makers may need to shut [...]