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New documents released show Financial Crisis Inquiry Commission was created to protect criminal banks

What do the Warren Commission, the 9/11 commission, and the Financial Crisis Inquiry Commission all have in common?  They were formed by the government to protect the actual criminals involved in these crimes and instead scapegoat others to try to appease the public.  And thanks to new documents released from the commission created following the 2008 Credit Crisis, we see that not only did the Obama adminis ...

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Finland to discuss whether to leave the Euro currency

First there was Greece (Grexit), who looked long and hard at leaving the Eurozone during last year's financial crisis.  And that discontent is being followed up now in Britain (Brexit), who is expected to propose a referendum to have a vote on whether to stay or leave the union sometime in 2017. And with Mario Draghi and the European Central Bank (ECB) taking interest rates down to zero on Thursday, and in ...

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FDIC closes first bank of 2016 in Wisconsin

On March 11, the FDIC closed down is first bank for 2016 as North Milwaukee State Bank shuttered its doors.  This institution is also the first bank failure in over five months, when Hometown National Bank was shuttered last October. This bank failure is the first for the month of March and brings the overall number of bank closures in 2016 to 1. 3/11/2016 *** Wisconsin *** Milwaukee *** North Milwaukee Sta ...

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ECB head Mario Draghi validates that markets are tied to interventions, not fundamentals

On March 10 the European Central Bank (ECB) issued its highly anticipated policy announcement, and the shift from simply watching market action from the shadows is now over.  This is because ECB head Mario Draghi rocked the financial world with a Euro denominated bazooka, and proved once again that markets no longer function on fundamentals, but instead on credit based interventions. Although not quite goin ...

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German banking association recommending banks stockpile cash for loans to stimulate economy

On March 4, the Bavarian Banking Association recommended to its member banks that they take out all their deposits being held with the European Central Bank (ECB) and stockpile the cash for use as loans in order to stimulate the economy.  This recommendation comes as the ECB prepares for negative interest rates, and the charging of interest to banks under their authority for sequestering cash in their facil ...

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Bitcoin: first they ignore you… then you win

The great civil rights activist Mahatma Ghandi once said, first they ignore you, then they laugh at you, then they fight you, then you win.  And for the Bitcoin community, the day of capitulation by the banks may have finally arrived as a new report out shows that 40 of the world's top financial institutions are deep into research to use the blockchain technology that underwrites the Bitcoin currency. And p ...

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[Watch] Rare Moment Of Truth As MEP Explains Why The Whole Banking System Is A Scam

VIA/At a European Parliament meeting in 2013, this MEP stunned the room into silence as he explained the truth about the whole banking system... You may not be interested in politics and finance, but let us assure you: it matters. Perhaps what matters more than conventional rhetoric on how the ‚Äėsystem‚Äô runs, however, is the truth explained above and summarized below. The video above is from a European Parli ...

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Dallas Fed finally admits oil prices lower due to economy in recession

As with most Federal Reserve Chairmen and Presidents, America's central bankers rarely admit when the economy is in decline until well into a recession or downturn.  Yet with analysts trying their best to spin the data to say that the economy is simply in a slowdown due to deflation and lower oil prices, on Feb. 29 the Dallas Fed blew this propaganda completely out of the water and stated that oil prices we ...

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It didn’t take long for Japanese citizens to rush to get their money out of their banks thanks to NIRP

If the world ever wanted to see in real time what people do when their government puts a tax on their savings, then all they need to do is take a look at Japan now that their central bank has implemented a negative interest rate policy (NIRP).  Because just weeks after the Bank of Japan's (BOJ) head Kuroda announced the new policy out of thin air, runs to get cash out of banks have begun in earnest, with sa ...

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Canada following India in trying new scheme to get people to trust banks with their gold and silver

In November of last year, the government of India attempted to lure their citizens into depositing their physical gold into banks with the enticement of an interest bearing gold savings account.  However, barely a few tons were garnered from the people for this scheme showing that distrust in both the banks and governments to actually protect their gold is quite high. And now just days after the Canadian go ...

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Gold versus silver ratio the highest since 2008 at 80 to 1

In a sense you could almost put gold and silver in this respect... buy gold for wealth protection and buy silver for investment speculation.  This is because the gold and silver ratio has hit their near all-time high of 80-1, which was last seen near this level seven years ago at the height of the Credit Crisis. And in that period of time, the banksters have manipulated silver much more than gold to mask th ...

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French President Hollande advocates for the technocratic power of the unelected EU financial system

As the United Kingdom debates on whether to exit the European Union and keep their dual currency mandate within the coalition, French President Francois Hollande on Feb. 19 spoke in opposition to this and instead advocated his support for the unelected technocrats that run the EU's financial system.  And in comments made during the ongoing EU Summit, Hollande stated that no sovereign nation should have the ...

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