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Former Wall Street insider and head of the OMB calls out bank ceo’s as liars and untrustworthy

Almost eight years ago, the former CEO of Bear Stearns appeared on CNBC to say that they were fully capitalized, and had $26 billion in liquidity.  Three days later, the 85 year old institution was gone forever. Subsequently, other long-standing banks would also fail during that tumultuous year, with executives and business news analysts lying to investors who lost everything by not getting out while their ...

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Heads of European central banks call for a singular Eurozone finance ministry

It is a given that once power is achieved in a particular sphere, those in authority are never content to remain satisfied with what they rule over.  In fact, conquest has always been the underlying motivation for leaders since the beginning of time. And while having a joint coalition of nations within the European continent is a marvel unto itself, this grand scheme is evolving into a technocratic takeover ...

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China to buy Chicago Stock Exchange

As the U.S. continues to lose infrastructure and other assets to foreigners holding trillions in dollar reserves, some of the most significant transfers are now occurring in the financial sector.  A few years back, Russia purchased Morgan Stanley's oil trade desk which provided them significant leverage in the global petrodollar system, and in the same year China purchased J.P. Morgan's headquarter building ...

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Removal of sanctions on Iran have suddenly made the Middle Eastern economy the new frontier

The nation of Iran has waited close to a decade to remove their U.S. imposed shackles and break out of sanctions that forced the oil producer to seek revenues from black market mechanisms.  But in just a few short months since Washington signed an agreement with Tehran to have their sanctions lifted, they are suddenly being courted by countries desperate to find a new market for their exports. And like Afri ...

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Foreign bartender hires take unemployment rate below 5%

As usual, today's new job report from the Bureau of Labor Statistics isn't what it seems, and proves once again that government reporting is simply a political tool for the state's benefit rather than as a true barometer of the economy.  And all one simply has to do is look at how the Feb. 5 number came in far below analyst projections, yet the unemployment rate fell below 5% and to its lowest level in eigh ...

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People revolt after 12 nations sign the Trans-Pacific Partnership (TPP) agreement

It is interesting to dissect which governments and nation states are simply vassals of Washington hegemony, and which actually put their people and priorities first.  Earlier this week a German court ruled that a major provision within the TTIP is without cause because corporations shouldn't have, and don't need a separate non-sovereign court system to mediate over financial disputes between companies and g ...

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Retail closures scream recession

First it was Macy's, who within days of the start of the new year announced store closures and layoffs, and was quickly followed by bell wealth company Walmart, who doubled down and reported the closure of hundreds of stores.  And now we can include at least six more major retailers who are shuttering down their low revenue outlets as economic conditions scream recession a little more than a month into 2016 ...

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January ends with U.S. debt crossing over $19 trillion

A new report came out on Feb. 1 showing that the national debt has now crossed over $19 trillion, making it extremely likely that the U.S. will end Obama's term in office with a debt obligation of over $20 trillion.  And with Congress simply abrogating their duties and giving the government carte blanche authority to borrow and spend as much as they want, whomever wins the Presidency this November will auto ...

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Peter Schiff: Recession and NIRP in the cards for U.S. before November election

What should make everyone feel differently this time about the state of the economy is how custom and tradition were thrown out the window back in December when the Federal Reserve intervened in the financial system within 12 months of a presidential election.  These actions are almost unheard of because the central bank always feared being labeled a political entity since their moves would in the end benef ...

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Another Goldman Sachs banker involved in financial scandal

With Goldman Sachs representatives running high government positions all across the globe, it is not surprising when the bank gets caught being involved in financial scandals with foreign leaders and governments.  From the now European Central Bank head Mario Draghi regarding his involvement in the masking of Greek debt to get them into the Eurozone, to the former Prime Minister of Italy's Mario Monti, who ...

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Helicopter Ben goes to Switzerland as people to vote on getting monthly government payouts

It is becoming more and more apparent that the entire global financial system is rushing headlong into a titanic collapse sometime in the future, and governments along with central banks are willing to do anything to extend it as far as it can go.  This of course means that at certain points along the way they need to use more and more drastic measures in order to stimulate spending. Starting late in 2015, ...

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GDP for 4th quarter comes in below 1%, and would have been negative without forced Obamacare tax

Although we have mentioned it several times, the primary factors that make up U.S. GDP are consumer spending, and government spending.  Combined these two categories within the Gross Domestic Product account for 85% of the total production numbers. So when 4th Quarter GDP growth came in at less than 1% on Jan. 29 (.69%), it validated that sales over the holiday shopping season were incredibly dismal, and th ...

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