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15 Signs That The Economy Is Rapidly Getting Worse As We Head Into 2013

How can the mainstream media claim that the U.S. economy is “improving” when it is painfully obvious to anyone with a brain that the middle class is being absolutely eviscerated? According to numbers that were just released, the number of Americans on food stamps rose by more than 600,000 in a single month to an all-time record high of 47.7 million. Youth unemployment in the U.S. is at a post-World War II h ...

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Big banks, Big Criminals?

As HSBC is slammed with the biggest fine in banking history, we ask if fines are enough to stop banks behaving badly. With an office on many city streets banking giant HSBC plays up to its slogan "the world's local bank". But it also turned out that it was helping drug cartels, crime syndicates and so-called rogue nations to move billions around the world's financial system. A Mexican drugs lord described H ...

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Our Path To Collapse Will Impact Everyone Around The World

On the heels of continued volatility in global markets, today acclaimed trader Dan Norcini spoke with King World News about the path to collapse which the West has chosen, what it means, and how it will impact every KWN reader around the world. Eric King:  “You’ve seen the chart from Egon von Greyerz.  This particular chart covers silver (content of the coinage) from back in the Roman days, but it is fascin ...

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Another Blow For Troubled Bankster Nat Rothschild

  The London business, which specialises in power cables and other electrical components, said a “general softening of demand” for its products would hit sales and profits. The shares fell 51¼ – or 37pc – to 89p, wiping £20m off the company’s value and £5m from Mr Rothschild’s fortune. The blow follows Volex’s revelation in September that it had been hit by change in demand and “product component strat ...

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The Fed Central Bank Controls America

  Gold was down (at press time) $2.70 (-0.2%) for the week to $1,697.40, and silver was down $0.48 (-1.5%) to $32.59. GoldCore argued that gold’s decline was curious after “The Fed said that it will maintain ultra-loose monetary policies for the foreseeable future, and the Fed will in effect double the pace of dollar creation.” “Essentially, the US central bank now IS the market for US government debt, ...

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QE 4: The Dollar Has Died, FED Responds By Desperately Inflating By $85,000,000,000 A MONTH

Okay, the Fed's recent decision to boost its monetary stimulus (a.k.a. "money printing," "quantitative easing," or simply "QE") by another $45 billion a month to a combined $85 billion per month demonstrates an almost complete departure from what a normal person might consider sensible. To borrow a phrase from Joel Salatin: Folks, this ain't normal.  To this I will add ...and it will end badly. If you had s ...

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Matt Taibbi: You Can Go to Prison for Pot, While Big Banks Get Away With Laundering Drug Cartel Cash

The banking giant HSBC has escaped indictment for laundering billions of dollars for Mexican drug cartels and groups linked to al-Qaeda. December 13, 2012  | The banking giant  HSBC has escaped indictment for laundering billions of dollars for Mexican drug cartels and groups linked to al-Qaeda. Despite evidence of wrongdoing, the U.S. Department of Justice has allowed the bank to avoid prosecution and pay a ...

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Queen Inspects Gold Bullion Deep Below Bank Of England

  As the financial crisis hit in 2008, she spoke for the nation when she asked a group of economists: ‘Why did nobody notice?’ Four years on, the Queen finally got her answer – although it didn’t seem much to her liking. 
 The monarch was visiting the Bank of England in Threadneedle Street yesterday when she was buttonholed by one of its financial policy experts. Royal inspection: The Queen and the Duk ...

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Outrageous HSBC Settlement Proves the Drug War is a Joke

  If you've ever been arrested on a drug charge, if you've ever spent even a day in jail for having a stem of marijuana in your pocket or "drug paraphernalia" in your gym bag, Assistant Attorney General and longtime Bill Clinton pal Lanny Breuer has a message for you: Bite me. Breuer this week signed off on a settlement deal with the British banking giant HSBC that is the ultimate insult to every ordin ...

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David L. Smith on the Eurozone Breakup

David L. Smith of GenevaBusinessInsider.blogspot.com (YouTube: genevabusinessinside) joins us for a conversation on the Eurozone, including the latest from Italy with Berlusconi running for office once again. We also discuss the Greek bailout and its implications for the Eurozone generally, the FOMC's decision to up the QE ante to $85 billion a month, and the ultimate futility of trying to meld the European ...

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