If you are a friend of mine you know I subscribe to just about everything to do with economics, politics and end time prophecy.

I also keep a sharp eye on what is happening with the growth of the E.U. and the creation of the new world order and the one world currency that is a mathematical certainty.

There is an overwhelming pattern of what everyone is saying who are professionals on what will happen to our market at anytime.

I don’t know if you saw 60 Minutes a few weeks ago about but the U.S. 401K system is almost completely wiped out. This is the equivalent to our RRSP system only ours is government supported but certainly not government guaranteed. Nothing is CDIC insured.

Millions of U.S. Citizens have lost their life savings as a result of their retirement funds being invested in the market. 50 and 60 year old “would be retired people” are going back to work as a result of losing their entire life savings. They have nothing. They only wished they cashed out sooner.

YouTube - The 401k Fallout

Now if you read the article below even if they want to cash out what’s left in their 401k they can’t or they are met with resistance.

401(k)s Hit by Withdrawal Freezes - WSJ.com

What happens in the U.S. will happen here
as our Canadian RRSPs and Mutual Funds are being invested in the same markets. I have personally cashed out all my RRSPs and Mutual funds. Mind you it’s not a lot of money, but I am cashed out. I made my request two weeks ago and I am still waiting.

All my research be it economical, or biblical is showing a complete collapse of the banking system as we know it. It’s being predicted on a global scale.

Don’t take my word for one second get on the net and do your own homework but do it fast. I don’t care if people call me crazy or roll their eyes.

If they are predicting this recession will be worse then the great depression and crash of 1927, why would anyone in their right mind stay in the market? The market crashed in the great depression and people lost everything in seconds they were completely wiped out.

I am suggesting that people take a chunk of their money out of their RRSP’s and either put it against your credit cards or your mortgage. Just pay off your “highest interest debt”. Keep it out of the bank pay off debt.

What is the difference if you’re being charged 19% to 28% on a credit card and your RRSP is making less than that? I am fully aware you will be taxed to death on the income when you cash out, but it’s better than loosing all or a big part in the market. Many have invested in mutual funds controlled by bank fund managers as to actually buying stock in companies.

If you do own stock in a company you might be able to salvage the ownership of that stock if that public company stays a float during the crash. But make no mistake, funds will crash and you will loose it all.

It is naive to think what is happening in the U.S. won’t happen here we are all participating in the same markets.

People made fun of me when I blogged for the past two years about a New Word Order headed by the European Union. Now the Obama administration is heading the way for the New Word Order just as I wrote it’s in Time Magazine. The word “New World Order” wasn’t even in the media till Obama came into office now the New World Order and the E.U. is on the news every single night.

A market crisis to implement the New World Order and a one world currency is exactly what the plan is under this new federation of nations.

The market won’t recover as a new banking system is being set up. I won’t be wrong, I might be a little late but I won’t be wrong.

It is impossible to warn people about this stuff without sounding like a complete lunatic. So go ahead and label me. Isn’t safe to have a back up plan just in case ??

www.corporatefactors.net

Kissinger: Obama primed to create 'New World Order'

Barack Obama's New World Order - TIME

informationliberation - Report: Greenspan says euro could replace U.S. dollar as reserve currency of choice

Market Collapse | Bible Prophecy In The News

If you want jobs you have to create business. Creating more business means creating more jobs.

There can be no new jobs without the creation of business. Once again more tax is imposed on business owners under the new Obama plan.

With one company going bankrupt after next and more people getting laid off from their jobs in record numbers, how then do we find jobs if they can't be created ?

Test Question?

How will business owners deal with this new tax?

Answer?

By laying off people not hiring new people.

What is the incentive to start up a new business and create new jobs?

Correct me if I am wrong, but if you add up city, state, fed tax, health tax, and all other tax you could expect to pay in a business, are we not well past over 50% of every dollar earned by a business paid out in one form of tax or another. It's the whole tax picture we have to keep an eye on.

This new plan is bad for business !

While I have been to New York City many times on business, I have never really been for a fun visit, to take in the whole New York City/Manhattan experience. I had such a wonderful time. I even got to meet Ivana Trump at the airport.

In January of this year I spent a few days in this wonderful city mostly touring the attraction sites. Rather than taking taxi cabs everywhere I bought day passes on the tour buses and used that for my mode of transportation to get around the city.

I was completely fascinated (or should I say disturbed) that the bus tour guides, when talking about Canal Street, went out of their way to tell everyone that Canal Street was a great place to buy counterfeit watches, purses and videos.

I couldn?t believe how out in the open the comment was, virtually every time I rode the bus. In fact, all the tour guides made mention of a large basement-type warehouse that was the biggest on the street, filled with fake products.

My visit to Canal street was everything I expected it to be, but worse. Tiny shops with backrooms full of fake Gucci, Coach and Fendi purses. If you wanted a fake watch all you had to do was ask. Either the watch vendor had them hidden or he could merely ask someone to bring them over in a canvas bag. Everything fake was for the asking and buying.

While I can spot a fake Rolex and Gucci watch, the Breitling Bentley watches were good copies and were selling like hot cakes. Women were lining up to get in the back rooms to look at purses, so clearly business was good for every vendor.
There had to be at least 100 people walking around with canvas bags selling watches, sun glasses and DVDs.

At the time I visited, the movie American Gangster was still in the theatres. You could have bought an illegal copy of the DVD for $5.00 out of a canvas bag.

In only two other countries have I ever seen street vendor counterfeiting and piracy this bad; Japan and Thailand.

When I got back to Toronto I was talking about the experience for weeks to people in my business. It was like New York had given up and Canal Street Counterfeiting was the new tourist attraction.

I?ve worked for many manufactures and distributors (and their legal counsel) who have fallen victim to counterfeiting, piracy, and copyright violations. Companies who have had to close factories and offices, and lay off staff. Even legitimate retailers in the same industry are affected - unable to compete with these fakes.

While consumers look for fake bargains many legitimate companies suffer.

The money from this crime stays undergound, just like drug money. It remains tax free to these vendors and will very often remain in the crime element.

Very often the products themselves are made in hidden sweat shops in Asia.
The PI industry has been fundamental in fighting counterfeiting and piracy and will continue to be. Every company that has fallen victim has either directly or indirectly retained a PI firm to assist in the problem. PIs usually act for the manufacture or their legal counsel. They identify who the vendor is by working under the pretext of being a customer. They buy products and then ultimately swear an affidavit to get the civil sheriff out to seize the goods.

In the early to mid ?90s the streets of Toronto had the same problem. Vendors were everywhere on the streets selling counterfeit products. But back then it was very much a civil problem. The police only got involved to keep the peace during the civil seizures of products. They rarely laid criminal charges on the vendors.

It was primarily up to the manufactures themselves to hire lawyers and private investigators to seek out the street vendors and find the bulk of the counterfeit product. Once the vendor had been identified the necessary paperwork had to be filed so the civil court Sheriff could go out and do a seizure, and serve a law suit on the vendor.

Even more frustrating for the manufacturer was the fact that the Sheriff was only allowed to seize goods on behalf of the manufacturer named in the order.

This meant that if the Sheriff was acting for only one watch manufacturer (for example) he could only seize that one brand name.

All other fake brand names would remain unseized. It was ridiculous.

Manufacturers had to team up with the same law firm so the civil Sheriff could raid the vendor and take just about everything in one raid.

While the manufacturers continue to try and sue these vendors, the civil judgments are worthless. How do you collect from a vendor working for cash? There is simply no financial recovery.

The city of Toronto has pretty much cleaned up the problem from vendors selling counterfeit products in the open.

But many products can still be found in Toronto?s China Town. All you have to do is ask.

It would seem that today, public law enforcement has become more involved in charging and prosecuting manufacturers and sellers of counterfeit products. It is certainly not to the satisfaction of most victims and their associations who continue to fight the problem.

As long as there is no law in place that prevents the consumer from buying the fake products the problem will never be resolved.
About a month after my trip I read that the New York Mayor?s office had raided dozens of storefronts on Canal Street. They seized counterfeit goods with an estimated street value of more than $1 million.

Mayor Bloomberg and Police Commissioner Raymond W. Kelly, obtained a temporary restraining order to shut down the storefronts. Forty-two undercover purchases were made in various storefronts.

The investigation uncovered counterfeits of such brands as Coach, Gucci, Dolce & Gabbana, Dior, Prada, Rolex, Fendi, Burberry, Calvin Klein, Dora the Explorer and Oakley.

While I applaud the raid, I wonder - how long will it be until they all come back? Will there ever be a law that will stop people from buying the fake stuff in the first place? Will we ever see a tourist held up at customs because he or she was found to possess a fake watch, purse, or a pair of sunglasses ?

It?s doubtful !