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Panama Papers appear more and more as an attack to take down global leaders opposed to banker control

Earlier this week, the first major consequence from the leaked Panama Papers occurred when they revealed that Iceland's Prime Minister was a client who had used the Mossack Fonseca law firm to create an offshore account which hid his assets from sovereign regulation.  And as a result, protests from the Icelandic people forced the PM to resign from office. The significance of this leak is that what Sigmundur ...

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Economic growth falling fast as Atlanta Fed revises GDP estimates for 3rd time in less than a month

On April 8, the Atlanta Fed downgraded their Q1 GDP estimates for the second time in less than a week, and for the third time within the past 30 days.  And this comes just as earnings season for Wall Street companies are about to begin next week. Since beginning the year with an announcement that GDP growth for the first quarter of 2016 would be above 1%, and calling for growth as high as 2.6% as recently a ...

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Forget the Panama Papers, Rothschild makes the U.S. a world leader in offshore tax safe havens

As more and more information becomes disclosed regarding the offshore scheme know today as the 'Panama Papers', its affects appear minor compared to the growing tax haven, money laundering outlet, and offshore wealth destination that is the United States.  And in a re-accounting of a missive that was glossed over by both the media and the government back in January, representatives from the banking family t ...

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CFR President acknowledges that America’s massive debt will lead to the end of the dollar as global reserve currency

While only a small number of Americans actually understand that the Council on Foreign Relations is one of many institutions that act as the 'power behind the throne' for the U.S. and other Western governments, what is most important for the people who reside in these nations under their control is when they publicly disclose policies or agendas that will play an important role for their futures.  And on Ap ...

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Asia’s three largest economies in talks for a massive free trade agreement

This week, Asia's three largest economies (China, South Korea, and Japan) will be holding high level talks to forge a new free trade agreement that will help spearhead competition and strength in the Asean theater.  In fact, this is the 10th round of talks between the three member states, and it comes with the potential for these long-standing adversaries to bypass political issues in favor of economic coop ...

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IMF discusses creating a financial collapse event in Greece according to new Wikileaks report

In the continuing saga of Eurozone financial difficulties, Greece continues to be the linchpin for the economic Troika of the IMF, European Commission (EC), and European Central Bank (ECB) to hold the line against sovereign nations potentially defaulting on their debts and subsequently exiting from EU control.  And in a new Wikileaks data dump on April 2, it appears that members of the IMF were caught discu ...

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Jobless claims jump to highest rate in two years, bringing new questions on recession

Contrary to the 'head on the sand' rhetoric that is coming from the Fed and mainstream business news regarding jobs, employment, and how the economy is really doing, the bottom line numbers have already signaled recession in the manufacturing side of the economy, and all that remains is for the service sector to hop on board.  But as the central bank Chair earlier this week pointed towards uncertainty in th ...

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Q1 GDP estimates throw Yellen’s plan for future rate hikes in the crapper

On March 29, Fed Chairman Janet Yellen spoke at the Economic Club of New York to give a little more insight to the central bank's future plans for monetary policy.  And in what was a mish-mash of contradictory points provided by the Fed Chair, where in one instance she praised the economy as being good while shortly after called for caution due to uncertainty in that same economy, it appears that data annou ...

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Did the world declare war on the dollar at the G20 summit?

On March 24, economist Jim Rickards published an interesting analysis of something that may have taken place last month at the G20 Summit in Shanghai, China.  According to evidence that Rickards and others pieced together, a secret conclave occurred between members tied to the IMF's SDR basket of currencies, and appears to have ordered a hit on the dollar to devalue it at a time when the global economy is f ...

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Too big to jail continues for bankers at Goldman Sachs and the Fed

President Obama's legacy will include many stigmas when it comes to finance and economics, but perhaps no more so than his administrations policy of 'too big to jail'.  Coined first by the former Attorney General Eric Holder (who was a Wall Street lawyer and went back to Wall Street at the end of his tenure), this policy has allowed banks to defraud the public for trillions of dollars over the past eight ye ...

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Ted Cruz disproves he’s an outsider by hiring the one who removed Glass-Steagall

There has already been much rumbling over whether Presidential candidate Ted Cruz was a conservative outsider whom the establishment hated, or if he was simply a wolf in sheep's clothing to give Republicans the illusion of choice.  And on March 18, Cruz's facade was completely shattered when he hired the individual behind the removal of Glass-Steagall as his economic adviser. In addition to now bringing for ...

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Wall Street continues to applaud return in stocks as rest of economy remains in recession

As we have mentioned many times before here, the stock markets are not the economy and have little to do with the overall strength of the nation's fiscal and productive capacity.  And while Wall Street continues to parade every single tick up that has just now brought equity markets back to where they were before their January declines into Bear market territory, all one has to do is to have listened to Jan ...

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