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Kenneth Schortgen Jr.

Removal of Dodd-Frank could once again lead to economic growth as banks would be incentivized to lend to businesses

Like the removal of Glass-Steagall, the Dodd-Frank Banking Reform Act that came out of the 2008 financial crisis turned out to be a boon for the too big to fail banks, but a clamp on mid-tier and regional banks that were the engines that fueled small businesses in America.  And it was these two pieces of legislation that made it possible for banks and corporations to profit from the financialization of the ...

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FDIC closes down second bank of 2017 in the city of Chicago

On Jan. 27, the FDIC closed down their second bank for 2017 as Seaway Bank and Trust Company shuttered its doors.  This institution is also the second bank failure for the month of January, and the first Illinois bank closure since May of last year. 1/27/2017 *** Illinois *** Chicago *** Seaway Bank and Trust Company *** $57.2 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week ...

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President Trump gives press credentials to alt media outlets as Alex Jones to get a front row seat

The day of the New Media has arrived with the election of Donald Trump to the office of President.  And as a shot against the mainstream corporate media which worked hand in hand with the Clinton campaign to try and keep Trump from winning, the President is handing out White House press credentials to outlets considered to be alternative media, with one of the first to receive the invitation being none othe ...

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Trump has Democrats on board for trillion dollar infrastructure project as Senate leaders offer bill to President

It appears that contrary to the media's hype that the liberals in Washington would be fighting President Trump every single day of his four year term, the new Commander-in-Chief is quickly winning over long-standing Democrats in both public and private service.  Yesterday, leaders of many of the nation's biggest unions praised The Donald for his cancelling TPP via an executive order, and today Senate Democr ...

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Bank in Norway willing to forego profits to entice Muslims into home loans

Under the guidelines of Sharia Law, Muslims are to refrain from entering into any financial contracts that involve the use of interest on either side of the agreement.  In theory this means that any loans made by or to someone following the beliefs of orthodox Islam should result in a zero sum game, but in practice the borrower often makes a donation under the guise of 'alms' as a way to skirt this religiou ...

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Pussy rioters matter? Women’s march on Washington has funding ties to George Soros

Now that Donald Trump has been sworn in as President of the United States, one of his Constitutional duties is that of the country's chief law enforcement officer.  And if his anger at the foreign operative who tried to keep him out of office by funding the post-election recounts wasn't enough, perhaps once he discovers that this weekend's Women's March has ties to Soros cash he may decide its high time to ...

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IMF double speak at Davos as Lagarde says 2017 economy should be good, but there are factors that could lead to volatility

It seems like all central bankers have two things in common... they cannot under any circumstances tell the truth, and they cannot state their analysis in plain terms. For years the U.S. central bank has gotten away with this type of obfuscation, saying that the economy is both good and bad at the exact same time.  So perhaps it is of no surprise that another of the world's main central bankers at the World ...

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Insanity: Doing anything the Fed suggests and expecting a different result

Radio personality Michael Savage is famous for saying, "liberalism is a mental disorder".  And for those of us in the U.S. who have watched the central bank churn out one bubble after another since the 1990's and expected that THIS TIME would be different, it appears we can add Keynesianism as well to Savage's list of mental illnesses. Artificially low interest rates and cheap money led to both a housing bu ...

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Student loan default rates exceed ‘fake data’ numbers published by Obama administration

If there was one thing that Donald Trump could do to both protect his Presidency's economic future, and crush Barack Obama's false legacy, it would be to go back and redo every single economic data point that has been manipulated to fulfill the false narrative of an economic recovery.  From fake unemployment and GDP numbers, to the actual values of core and price inflation... coming out early and announcing ...

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IMF Chief tells Davos elites that the way to fight populism is to give away free stuff

This week heralds the annual Davos World Economic Forum, where elites go to eat $40 hot dogs and discuss global topics that they have no idea about.  And all one has to do to validate this is to realize that nearly every one of the thousands of participants jetting into the high mountains of Switzerland never saw the potential of Britain leaving the EU, or Donald Trump getting elected as President of the Un ...

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In Obama’s final days he opens the door for food stamps to be used at online retailers like Amazon

As President Barack Obama accelerates towards his final day in office, the Welfare Chief is pushing through as many punitive regulations as he can possibly enact.  And besides the one where he unlawfully labeled all disability recipients as being 'mental defectives', thus robbing them of their 2nd Amendment rights to own a firearm, his newest scheme involves allowing Food Stamps (EBT Cards) to be used in ma ...

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MCGA? State of Massachusettes hires Chinese firm, not American, to build new metro line

President-Elect Donald Trump campaigned on a pledge of Making America Great Again (MAGA).  But it appears that before this can be done the country needs to improve its capabilities in several engineering areas. And as validation of this, all one has to do is look to the state of Massachusettes, which has decided to hire a Chinese firm to build its new $270 million metro line, and did so with a no-bid contra ...

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