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China stock markets halt completely after Yuan devaluation

It appears that the new Chinese circuit breakers came at just the right time as the Shanghai equity markets triggered a halt on Jan. 7, leading the Far Eastern power to close down the markets altogether after just 30 minutes of trading.  This is the second circuit breaker halt in three days for China, which implemented the market protection at the start of the new year. What appears to have been the catalys ...

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J.P. Morgan confirms recession signal for U.S. while also downgrading 21 emerging markets

When Wall Street and other mainstream analysts provide forecasts for the markets, one must always take them with a grain of salt since these investment banks also have skin in the game for the outcomes they prognosticate.  But at certain points in a business cycle the data becomes impossible to hide, and what is reported by these analysts can be quite accurate as to the real state of an economy. Thus when J ...

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Fed publishes drastic fall in GDP forecasts, setting the stage for less than 2% growth for 2015

Recovery!  The mantra of the Federal Reserve and mainstream pundits parroting the party line.  But it appears that like poll numbers given prior to Presidential elections, when all the votes are counted, what was forecast for months leading up to the end of a cycle was much different than the actual outcome. For most of 2015 the Fed and big bank analysts predicted an annual GDP growth rate between 2.5 - 3%. ...

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FINANCIAL ARMAGEDDON APPROACHES: U.S. BANKS HAVE 247 TRILLION DOLLARS OF EXPOSURE TO DERIVATIVES

VIA Did you know that there are 5 ‚Äútoo big to fail‚ÄĚ banks in the United States that¬†each¬†have exposure to derivatives contracts that is in excess of 30¬†trillion dollars? Overall, the biggest U.S. banks collectively have¬†more than 247¬†trillion¬†dollars¬†of exposure to derivatives contracts.¬† That is an amount of money that is more than 13 times the size of the U.S. national debt, and it is a ticking time bomb ...

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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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