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Bank closure in Puerto Rico will cost FDIC three quarters of a billion dollars

Doral Bank, located in San Juan, Puerto Rico, was closed down by the FDIC on Friday, Feb. 27.  This bank failure is the second for the month of February and is the fourth overall bank closure for 2015. 2/27/2015 *** Puerto Rico *** San Juan *** Doral Bank *** $748.9 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $748.9 million. If you were banking at Doral Bank in San Ju ...

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Apple Plans To Buy 1/3 Of Gold In The World To Make Luxury Watches

The Apple Watch Edition might be Apple’s most unusual product in years. Questions abound about the 18-karat gold smartwatch. How much will it cost? Will Apple offer an upgrade path for it? But I have a broader question: how will it affect the world’s gold supply? The Wall Street Journal has reported that Apple plans to ramp up production of the Apple Watch Edition to over 1 million units per month in its se ...

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Former member of Plunge Protection Team confirms government controls all markets

For years many economists and investors believed that the government played a much bigger role in controlling markets than the mainstream let on.  And when you look at how regulatory bodies such as the CFTC and SEC failed to halt illegal activity by banks and corporations in areas such as insider trading, naked short selling, and commodity manipulation, the evidence of this becomes much too strong to ignore ...

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How much more global debt will it take before the end comes?

As we continue into the early part of 2015, global stock markets around the world are touching upon new all-time highs, and investors are praising central bankers as the saviors of the economy once again.  But since we already know that central banks own more than half of all stocks in the different equity markets, the real question people need to ask in their euphoria is when will be the day that the piper ...

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3 Top INVESTMENT BANKERS DIE In Fiery NY Train Crash Packed with 400 People

The story of the dead bankers rolls forward. In December 2014, Zero Hedge rounded up a list of 36 dead bankers who died recently under mysterious or odd circumstances, leaving only “riddles” and probing questions about their possible connections. Researcher John Vibes has already rounded up 9 more dead bankers who’ve died as of January 2015. Now, a bizarre Hollywood-style train collision with an SUV Mercede ...

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The next major hit to the dollar occurs as Russia connects 91 institutions to SWIFT alternative

With most of the world having to use the Western based SWIFT system to perform global currency transactions, the U.S. has dominated the world's financial system for more than 70 years.  And because of that dominance,  America has used their control over SWIFT as a weapon to economically attack nations who opposed their national agendas. However, since the middle 2013 this is slowly begun to change.  And in ...

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HSBC gets raided by Swiss over growing money laundering scandal

On Feb. 18, the Swiss branch of HSBC bank was raided by law enforcement over a growing scandal that is tied specifically to money laundering and alleged tax evasion by clients. Going back to 2005 where a new report showed that the European bank began soliciting clients through a program of hiding their funds from sovereign regulators, the bank is reputed to have protected over 100,000 clients who have evade ...

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Greece rejects latest bailout options declaring they won’t be a debt colony to EU

As time rushes towards the drop dead date of Feb. 28 for the Greek debt reconciliation, the Eurozone is quickly finding that negotiations with the new government are far more difficult than they were in accomplishing a Ukrainian ceasefire.  And with Prime Minister Tsipris stating that the absurd offers coming from the Troika are non-negotiable and non-starters, the rhetoric has even reached the point where ...

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Azerbaijan becomes newest country to de-peg their currency from the dollar

On Feb. 16, the nation of Azerbaijan became the newest country to de-peg their currency from the dollar and will going forward use a basket of currencies that include the Euro to help provide better economic stability. Over the past few years, several countries including Zimbabwe, South Africa, Russia, and Venezuela have either de-pegged their currencies from the dollar, or are in the process of cutting the ...

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Hackers Steal $300,000,000+ From International Banks

HACKREAD- In an isolated incident in late 2013, an ATM at Kiev started dispensing cash randomly without any human interaction; much to the surprise and pleasure of customers present there who swiftly collected the cash. An investigation by Kaspersky Lab, a Russian cybersecurity firm, confirmed that it was not the bank’s problem; rather the bank’s internal computers had been breached by malware that recorded ...

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Check Your Wallet: Your $1 Bills Might be Worth Hundreds or Thousands of Dollars

Very little is as awesome as holding the winning number in your hot little hands, whether you’ve purchased the fateful lottery ticket or your number was just called at the deli. (Wait, am I the only person who gets excited by that? What can I say; I like to celebrate the small wins.) However, you may be sitting on a winning number of another kind without even realizing it. What am I talking about? Check You ...

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FDIC closes bank in Georgia bringing the number of bank failures in 2015 to three

Capital City Bank & Trust Company, located in Atlanta, GA, was closed down by the FDIC on Friday, Feb. 13.  This bank failure is the first for the month of January and is the third overall bank closure for 2015. 2/13/2015 *** GA *** Atlanta *** Capital City Bank & Trust Company *** $88.9 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $88.9 million. If you were ba ...

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