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Goldman Sachs fined only $5.1 billion for causing 2008 financial crisis

It pays to know the right people when it comes to most things in life, and this axiom cannot be said any better for the financial institution known as Goldman Sachs.  Seven years ago, the bank that feeds executives into the highest levels of government and central banks should have gone bankrupt and disappeared like Bear Stearns and Lehman Brothers.  But thanks to one of their own being in the position of U ...

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Following Davos, Norway’s biggest bank calls for an end to the use of cash

As the annual World Economic Forum in Davos ended on Friday, the 'Masters of the Universe' returned home to enact some of the many topics they discussed on finance and the global economy.  And in accordance with the growing trend among the elites to ban the use of cash in the marketplace, the biggest bank in Norway on Jan. 23 raised their voice and joined in with the trend. Norway had long been a poster chi ...

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Venezuela past the point of no return, expected to be next hyper-inflationary state

It has been about a decade since the last instance of true hyperinflation rocked a nation state, with Zimbabwe becoming the most recent 'Weimar Republic' example in the global economy.  And while their solution was to simply stop printing their local currency and transition into using dollars (and now Yuan) as their domestic medium of trade, their overall impact on the global economy was relatively negligib ...

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In all the fear over lower oil prices, few are talking about its impact on the dollar

When the U.S. signed its 1973 agreement with the House of Saud to peg oil to the dollar, few tended to realize that the opposite would be true, and that the dollar itself is intrinsically tied to oil and the price of this commodity.  It is one of the reasons why Kissinger had the Saudi's (and OPEC) increase the price three fold so that this inflation would allow the U.S. to then increase the nation's money ...

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Former Chief economist for the BIS says economy is now worse than in 2007

For more than two years, economists in the alternative media have been warning of a coming economic meltdown that would be worse than the Credit Crisis of 2008 simply because the debts are much bigger, and the underlying problems that led to that crisis have never been addressed.  And now in early 2016, more and more mainstream analysts are jumping onto this bandwagon, with the former Chief Economist for th ...

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The Rothschilds Are Believed To Be Worth $500 Trillion. And Are Not On Forbes Rich List!

VIA/Known to many as the pioneers of international banking, the Rothschild dynasty is believed to be the wealthiest family in the history of the world. So why does virtually no one know about them and why do they get no media attention? There must be very good reasons as to why they are so secretive. Check this video I dug out from YouTube: Here is a rare video of when a reporter confronted Lord Jacob Roths ...

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Bitcoin’s success is the result of nation’s incompetent policies and the trashing their own currencies

Five years ago very few would have thought of Bitcoin as anything more than a novelty... a curiosity for the digital age, and a symbol for the anarcho-capitalist fringe.  But the foresight behind Bitcoin was more in the creator(s) understanding of banking than it has been in forging a rebellious construct to the long-standing system of private central banking. So for many of course, it is a very big surpris ...

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China dumps $108 billion in reserves as the Far East economy uses dollars to protect currency

In overnight trading, China experienced an equities meltdown following their largest devaluation of the Yuan since August.  And at the heart of protecting the RMB in this trend of currency intervention is a new report on Jan. 7 which shows that the Far Eastern economy dumped $108 billion in dollar reserves in the month of December, dropping their reserve totals from $3.438 trillion to $3.330 trillion. Much ...

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China stock markets halt completely after Yuan devaluation

It appears that the new Chinese circuit breakers came at just the right time as the Shanghai equity markets triggered a halt on Jan. 7, leading the Far Eastern power to close down the markets altogether after just 30 minutes of trading.  This is the second circuit breaker halt in three days for China, which implemented the market protection at the start of the new year. What appears to have been the catalys ...

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J.P. Morgan confirms recession signal for U.S. while also downgrading 21 emerging markets

When Wall Street and other mainstream analysts provide forecasts for the markets, one must always take them with a grain of salt since these investment banks also have skin in the game for the outcomes they prognosticate.  But at certain points in a business cycle the data becomes impossible to hide, and what is reported by these analysts can be quite accurate as to the real state of an economy. Thus when J ...

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Fed publishes drastic fall in GDP forecasts, setting the stage for less than 2% growth for 2015

Recovery!  The mantra of the Federal Reserve and mainstream pundits parroting the party line.  But it appears that like poll numbers given prior to Presidential elections, when all the votes are counted, what was forecast for months leading up to the end of a cycle was much different than the actual outcome. For most of 2015 the Fed and big bank analysts predicted an annual GDP growth rate between 2.5 - 3%. ...

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FINANCIAL ARMAGEDDON APPROACHES: U.S. BANKS HAVE 247 TRILLION DOLLARS OF EXPOSURE TO DERIVATIVES

VIA Did you know that there are 5 ‚Äútoo big to fail‚ÄĚ banks in the United States that¬†each¬†have exposure to derivatives contracts that is in excess of 30¬†trillion dollars? Overall, the biggest U.S. banks collectively have¬†more than 247¬†trillion¬†dollars¬†of exposure to derivatives contracts.¬† That is an amount of money that is more than 13 times the size of the U.S. national debt, and it is a ticking time bomb ...

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