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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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New Monopoly game may be signalling bankers ‘ultimate’ goal

Is it on purpose, or just simple coincidence that the newest version of the classic game Monopoly comes out at a time when academics and central bankers are calling in unison for the end of cash?  Because the new Monopoly: Ultimate Banking version is one that is played without cash, and is completely electronic where property, wealth, and taxation is controlled from a central point using a form of debit car ...

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Oklahoma becomes next state to look at opening a sovereign gold depository

On Feb. 1, the legislature for the state of Oklahoma issued a bill to create a new gold depository under the state's Treasury Department in an attempt to facilitate the future use of gold and silver as legal tender.  Under the title of Oklahoma Bullion Depository; establishing Depository in Office of State Treasurer; providing procedures, Oklahoma seeks to join Texas and Utah in having a sovereign metals de ...

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Canadians are losing confidence in all sectors of their financial system

Consumer spending and affordability of products and services are just one component of a domestic economic system that alone it is not enough to bring a complete lack of confidence to a nation's financial system.  But when you add in a growing decline in confidence for that nation's currency, retirement programs, and investing structures, you have the ingredients for a rebellion that leads to collapse. Hype ...

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Japan’s NIRP paradox: Consumer spending drops in Q4

Perhaps it was insider knowledge that consumer spending for the 4th quarter of 2015 would be much worse than analysts expected that drove Japan's central bank head Haruhiko Kuroda to out of nowhere implement a new negative interest rate policy (NIRP), but nevertheless, this data which was reported on Feb. 15 puts the 3rd largest economy in a difficult paradox. NIRP is an interest rate program normally used ...

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Former Wall Street insider and head of the OMB calls out bank ceo’s as liars and untrustworthy

Almost eight years ago, the former CEO of Bear Stearns appeared on CNBC to say that they were fully capitalized, and had $26 billion in liquidity.  Three days later, the 85 year old institution was gone forever. Subsequently, other long-standing banks would also fail during that tumultuous year, with executives and business news analysts lying to investors who lost everything by not getting out while their ...

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Heads of European central banks call for a singular Eurozone finance ministry

It is a given that once power is achieved in a particular sphere, those in authority are never content to remain satisfied with what they rule over.  In fact, conquest has always been the underlying motivation for leaders since the beginning of time. And while having a joint coalition of nations within the European continent is a marvel unto itself, this grand scheme is evolving into a technocratic takeover ...

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China to buy Chicago Stock Exchange

As the U.S. continues to lose infrastructure and other assets to foreigners holding trillions in dollar reserves, some of the most significant transfers are now occurring in the financial sector.  A few years back, Russia purchased Morgan Stanley's oil trade desk which provided them significant leverage in the global petrodollar system, and in the same year China purchased J.P. Morgan's headquarter building ...

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Removal of sanctions on Iran have suddenly made the Middle Eastern economy the new frontier

The nation of Iran has waited close to a decade to remove their U.S. imposed shackles and break out of sanctions that forced the oil producer to seek revenues from black market mechanisms.  But in just a few short months since Washington signed an agreement with Tehran to have their sanctions lifted, they are suddenly being courted by countries desperate to find a new market for their exports. And like Afri ...

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Foreign bartender hires take unemployment rate below 5%

As usual, today's new job report from the Bureau of Labor Statistics isn't what it seems, and proves once again that government reporting is simply a political tool for the state's benefit rather than as a true barometer of the economy.  And all one simply has to do is look at how the Feb. 5 number came in far below analyst projections, yet the unemployment rate fell below 5% and to its lowest level in eigh ...

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People revolt after 12 nations sign the Trans-Pacific Partnership (TPP) agreement

It is interesting to dissect which governments and nation states are simply vassals of Washington hegemony, and which actually put their people and priorities first.  Earlier this week a German court ruled that a major provision within the TTIP is without cause because corporations shouldn't have, and don't need a separate non-sovereign court system to mediate over financial disputes between companies and g ...

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Retail closures scream recession

First it was Macy's, who within days of the start of the new year announced store closures and layoffs, and was quickly followed by bell wealth company Walmart, who doubled down and reported the closure of hundreds of stores.  And now we can include at least six more major retailers who are shuttering down their low revenue outlets as economic conditions scream recession a little more than a month into 2016 ...

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