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As the U.S. creates debt at new record levels, is there expectation of a global debt jubilee down the road?

In August the Obama administration borrowed a record $151 billion for a single month, setting for the course for 2016 to see an increase in the national debt of $1.36 trillion.  In fact, America's debt was recently reported to have crossed over $19.5 trillion, and has begun to accelerate higher ever since Congress removed the debt ceiling completely last October. And while the U.S. is not the only economy t ...

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Dallas police pension fund is a microcosm of why U.S. financial system doesn’t price things mark to market

Following the 2008 Credit Crisis, and even after passage of the Dodd-Frank Wall Street Reform Act, the Western financial systems have fought hard to ensure that their assets never have to be valued at mark to market.  Instead they are recognized as 'mark to maturity' or 'mark to model', making it seem as though these institutions are solvent when liquidation of their assets would cause them to actually be b ...

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Russia in talks with U.S. economic ally South Korea to establish free trade with the EEU

The world is rushing headlong into a myriad of new trade alliances, with much different protocols than that of the European Union.  For example, over in Asia China leads the Asean trade union along with the Shanghai Cooperation Organization (SCO), and in the Eurasian sphere Russia has put together a group of trade partners under the umbrella of the Eurasian Economic Union (EEU). And at the heart of these tr ...

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For the first time in 30 years, a Presidential candidate makes the Fed an issue

It has been about 30 years, and perhaps going back to the 1987 stock market crash since the Federal Reserve has been a point of debate during a Presidential race.  But in 2016, and at a time when the credibility of the central bank is being questioned from economists and even the business media, Donald Trump is sensing blood in the water and last week decided to put the Fed on trial for the American people ...

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Russia and Iran working on a new banking system that bypasses the dollar

So... what would you do if you are one of the two countries that have been put under the Damocles Sword of dollar based economic sanctions in the past decade? You can A. - Impose reverse sanctions of your own B. - Impose reverse sanctions on allies of the United States C. - Go black market like Iran did for a decade when they traded oil for gold through Turkey Or D. - Pick up your ball and go play at a fiel ...

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Of course Goldman Sachs was going to turn their depositors into Muppets

In a new revelation that should not have been surprising to anyone, Goldman Sachs was discovered to have taken money from depositors and used it to make speculative bets in the markets to try to reap investment profits. Unlike monies that are supposed to be segregated between investors, depositors, and the bank itself, Goldman Sachs has now followed in the footsteps of MF Global by re-hypothicating dedicate ...

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QE unintended consequences: Central Banks buying assets could turn capitalist economies into socialist ones

As central banks gear up for new rounds of stimulus and QE, where they will be printing trillions of dollars out of thin air to buy every type of asset imaginable, a fascinating debate was forged on Sept. 12 by one of the world's leading economist. And the issue proposed by the analyst known as Dr. Doom is that should central banks move full bore into purchasing equities like has been done in Japan over the ...

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Forget the Blockchain as a Russian financial institution forecasts banking to be run by A.I.’s in the future

In the United States, an estimated 75% of all stock trades are now done by high frequency trading computers and algorithms that have no need of human intervention.  And with the majority of equity markets now simply just playgrounds for computer trading, one financial institution in Russia is forecasting that within five years banks will be run by artificial intelligence (A.I.'s), rather than by human banke ...

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Following Brexit, one of America’s greatest allies plans on promoting the RMB as a global currency

The mainstream media, along with the European Commission, is working hard to make people believe that the UK's Brexit from the EU will have devastating effects on the British economy.  However, not only have their stock markets recovered from the days immediately following the referendum vote, but the leaving of the Union has ushered in many new opportunities that might not have occurred if their people had ...

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Buffett banking? Wells Fargo fined for massive fraud within customer accounts

Following the 2008 Credit Crisis, long-time abstainer from the buying of financial institutions, Warren Buffett, dipped his toe deeply into the waters when he purchased $10 billion of Goldman Sachs stock and options.  And while he made an enormous profit when the stock eventually soared to $185 per share thanks to the taxpayer bailout of AIG, the results were that the Oracle of Omaha was now back in the ban ...

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Media vilifies Donald Trump’s assessment of the economy because… he’s right!

A few days ago Donald Trump was giving a speech to workers and supporters in the swing state of Ohio, and when it came to focusing in on the state of the economy, the Republican Presidential candidate made some interesting assessments that has the media suddenly going out of its way to try to discredit and vilify. And what did he happen to say that has the establishment in an absolute tizzy?  He said the tr ...

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Iran looking to open new banks in Germany so they can sell oil directly to Europe in Euros not dollars

On Sept. 5, officials in Iran reported that they will be opening up two new banks in Munich, Germany with the purpose of getting a foothold in Europe's financial arena so that by the end of the year they can start selling oil to the continent in Euros rather than dollars. Even prior to the decade's long sanctions imposed upon them by the United Nations and United States, Iran had not had any financial influ ...

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