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Lions and tigers and derivatives and bail-ins… OH MY!

Perhaps it is because $247 trillion is just a number too big to contemplate, or that those in charge have an off button perpetually pushed when it comes to accepting the consequences of debt, but going into 2016 this black swan remains a ticking time bomb that can at any time crater the world even more than a conventional world war. Oh, and by the way... this is just the derivative exposure of U.S. banks al ...

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Canadian investors file a class action lawsuit against the London Gold fix banks for manipulation

Libor, Forex, money laundering for cartels, equities... what do all these have in common?  They are markets that banks and brokers were allowed to manipulate until it became public knowledge that fraud and corruption were taking place. And with everyone and their brother knowing that gold markets and prices have been manipulated for decades, a new class action lawsuit filed by two Canadian investors through ...

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End of Petrodollar? First Middle Eastern oil power to open Chinese currency hub

Since 1973, the dollar has held sway over the global financial system through its connections to oil, and with the Middle Eastern producers who sell it in American currency.  But as dollar hegemony has waned over the past decade, and as the U.S. has gone to war against any nation (Iraq, Iran, Libya) who has tried to sell their oil in currencies other than the dollar, members of OPEC have been seeking ways t ...

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Ontario becomes ground zero for citizens being asked to pay for the debts of their government

$160,000.  That is how much each American 'virtually' owes bondholders to cover the government's nearly $19 trillion in national debt.  And while our taxes are the primary collateral which allows Uncle Sam to borrow from a privately owned central bank, is there a chance sometime in the future where the government may use force, coercion, or even confiscation to pay these obligations that neither you nor I v ...

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First de-pegging from the Euro, now Switzerland is voting to end private central banking

For decades, Switzerland has been known as the banking capital of the world due to their neutrality, and long history of protecting wealth from the prying eyes of governments.  And although they recently gave into U.S. pressures for transparency of accounts owned by American citizens, two major policy decisions may be separating themselves once again from the pack in the Western financial system. Back in Ja ...

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Democratic Presidential candidate Bernie Sanders channels his inner Ron Paul

Former Congressman and Presidential candidate Ron Paul was known primarily for his movement within the financial and political realms, and it involved a crusade to both audit and end the Federal Reserve bank.  And while his tireless efforts led to a miniscule audit of the private central bank which revealed how it had bailed out domestic and foreign banks, as well as many multi-national corporations, the en ...

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‘Foxes guard the henhouse‚Äô: End Wall Street regulation of the Fed – Bernie Sanders

Bernie Sanders, a self-described democratic socialist, has called on the US government to audit the Federal Reserve, prevent big bank executives from serving on its boards and force it to act with more transparency and in favor of small businesses. The independent Vermont senator and Democratic presidential candidate laid out his plans for the US central bank in an Op-Ed in the New York Times. The contribut ...

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58 FACTS ABOUT THE U.S. ECONOMY FROM 2015 THAT ARE ALMOST TOO CRAZY TO BELIEVE

The world didn’t completely fall apart in 2015, but it is undeniable that an immense amount of damage was done to the U.S. economy. This year the middle class continued to deteriorate, more Americans than ever found themselves living in poverty, and the debt bubble that we are living in expanded to absolutely ridiculous proportions. Toward the end of the year, a new global financial crisis erupted, and it t ...

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Zimbabwe dollar? Welcome to the future of the Zimbabwe Yuan

On Dec. 22, one of the most infamous economies in the world over the past 20 years may soon be divesting themselves of dollar hegemony and moving over into the camp of the Chinese Yuan.  In a move dedicated towards strengthening both monetary and trade ties with the Far East power, Zimbabwe's Finance Minister said that very soon the Yuan could be used as one of many currencies within the African nation's ec ...

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U.S. lowers tax barriers to allow foreigners to buy more property and investments

Since the 1990's, central bank policy has been to create monetary environments that build financial bubbles to make the economy look much better than it actually is.  And just as we recently saw where Fannie Mae is engineering a modified resurrection of sub-prime lending to boost the current housing bubble even further, the government is also jumping on the bandwagon by lowering a 35 year old tax rule that ...

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Everyone rushing to dump U.S. dollars as October sees decline of almost $150 billion

A new report came out on Dec. 15 from the U.S. Treasury Department showing the overall foreign holdings of U.S. Treasuries and dollar based reserve instruments.  And for the month of October, nearly $150 billion was divested from global accounts, and marks the biggest dumping of dollars in any month of this year. A combination of the acceptance and expansion of the Yuan currency, and the need for nations to ...

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Banks take advantage of interest rate hike to raise borrowing costs without upping interest to depositors

Almost immediately after the Federal Reserve raised the discount rate from near zero to .25%, banks began to raise the cost of borrowing for mortgages, credit cards, and other loans.  In particular, Wells Fargo, PNC, and JP Morgan banks raised their prime borrowing rates to 3.5% less than five minutes after Chairman Yellen's announcement. But while the cost of borrowing from banks is increasing, the opposit ...

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