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Obamavilles rising to compete with Great Depression Hoovervilles

Back in the early 1930's, President Herbert Hoover was labeled with a phenomenon that carries over even today... the rise of shanty towns of homeless people that were known as Hoovervilles.  And it was these homeless communities that in part led to the end of the Republican Party in the White House for the next 20 years. And despite the continuing mantra by President Barack Obama, the Federal Reserve, and t ...

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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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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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Florida legislator to submit bill recognizing Bitcoin as money

In what may be more sensationalism than substance, a Florida state senator on Sept. 6 is forging legislation to 'legalize' Bitcoin as money, and validate its recognition as a currency. Several states over the past three years have introduced legislation to bring back gold as money, but unlike the crypto-currency Bitcoin, these have a foundation as being recognized as money in the U.S. Constitution. A Florid ...

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Water Is Not A Human Right: Nestlé

In the 2005 documentary We Feed the World, then CEO of Nestlé Peter Brabeck-Letmathe made an astonishing claim that there is nothing to worry about with GMO foods, that profits matter above all else, that people should work more, and that human beings do not have a right to water. “The one opinion, which I think is extreme, is represented by the NGOs, who bang on about declaring water a public right. That m ...

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Central bank policies are proved to only aid 1%ers as the Fed Vice-Chairman admits the bank picks winners

Following the annual Jackson Hole meeting of U.S. central bankers a week ago, the Vice-Chairman of the Federal Reserve admitted something that most 'conspiracy theorists' had already deduced... that the private bank not only picks winners and losers in the economy, but overwhelmingly does so for the 1%ers. Stanley Fischer: Well, clearly there are different responses to negative rates. If you’re a saver, the ...

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Austria joins France and Germany in declaring TTIP dead in Europe

On Sept. 2 leaders within Austria's ruling coalition declared that they are completely opposed to the Trans-Atlantic Trade and Investment Partnership (TTIP) because the supposed 'free trade' agreement is all about boosting power for multi-national corporations while at the same time taking power away from Democratic governments. Like most of Europe, Austria's legislature and executive branches are made up o ...

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A member of the European Union parliament seeks money to research a EU blockchain currency

It is bad enough that four major banks who are allowed to borrow as much cash as they desire find that even that is not enough, and are now working on building a crypto-currency to use in inter-bank settlements.  And with the success of digital currencies like Bitcoin, and its platform known as blockchain technology, even the European Parliament is getting into the act as a member of the EC is seeking a gra ...

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TTIP is dead as two of the biggest economies in Europe say they don’t want to be a ‘subject’ of the U.S.

President Obama's attempt to finalize his legacy took a very strong hit over the past two days as two of Europe's largest economies summarily rejected the Trans-Atlantic Trade and Investment Partnership (TTIP) because they don't want to become 'subjects' of Washington and the U.S.. The TTIP, along with its sister trade pact the Trans-Pacific Partnership (TPP), are extremely onerous agreements that are not o ...

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7 Famous Brands That Use Child Slaves To Make Your Chocolate

Children younger than 15 – some as young as 5 – work from 6 am till evening in West Africa at cocoa farms connected to Nestlé, Hershey, Mars, Kraft, ADM Cocoa, Godiva, and Fowler’s Chocolate to produce your favorite chocolates including Reese’s, Kit Kat, M&M’s, MilkyWay and Butterfinger. In September 2015, three class action lawsuits brought in California accused Nestlé, Hershey, and Mars of turning a b ...

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Creator of Dodd-Frank banking law begs Fed to do anything to stop a market crash to protect Hillary in election

Former Congressman and co-creator of the nefarious Dodd-Frank Wall Street Reform Act, Barney Frank, spoke to The Hill over the weekend and told the publication that he is advising the Federal Reserve to do everything in their power to stop the market from crashing before the November election.  And this especially includes ensuring that there are no rate hikes in September which could severely diminish Hill ...

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Blockchain backlash: Major banks could use Bitcoin model to create the one world currency

For the entities pursuing a one world government and one world monetary system, the creation of the Blockchain may have been exactly what they were looking for. Anarcho-capitalists and anti-central bank revolutionaries were in many ways behind the creation of both Bitcoin and Blockchain technologies,  and yet their creation may actually one day come back to haunt them.  Right now four major banks are workin ...

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