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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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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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