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If it wasn’t for America’s vassal state Japan, only the Fed would be buying U.S. debt

When China and Russia stopped buying U.S. debt and began dumping it through the offshore exchange known as Euroclear, the Fed needed someone else to step in to mitigate a complete monetization of their money printing activity.  So Washington called upon their only remaining vassal state capable of sucking new Treasury sales and conned Japan into replacing their pension funds with T-Bills. Japan now official ...

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Citigroup’s Chief Economist blames cash, not central banks, for world’s monetary problems

It doesn't really take that much to be an economist these days.  From the illustrious former Federal Reserve Chairman Ben Bernanke, to the Nobel Prize winning economist Paul Krugman, living the dream of being a celebrity while at the same time destroying economies and monetary stability is par for the course in an era when those who get it right are considered crackpots, and those who feed the needs of the ...

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Repercussions of negative interest rates leave European banks paying homeowners

In the normal instance of a loan or mortgage, a person will borrow money from a bank at a certain agreed rate of interest over the course of an agreed amount of time.  However, in this new Keynsian world of negative interest rates, the tables are completely turned and we are now seeing European banks paying homeowners instead of receiving interest from them, for a mortgage held on property. Welcome to Bizar ...

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U.S. tries newest ploy against AIIB… to discredit it

After being unable to stop long standing allies from joining the Chinese run Asian Infrastructure Investment Bank (AIIB) last month, the U.S. is now trying another one of their typical tactics to try and tear down an entity that would take power from their monetary hegemony.  That tactic is to discredit the new AIIB, or at the very least, attempt to make it into an extension of the World Bank and IMF which ...

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Greece names war reparation amount and calls upon Germany to pay $278 billion

In politics and diplomacy, the rule is to always make outrageous demands knowing that the other side will never agree to them, but in the hope that a consensus will be found somewhere in the middle.  And while Greece does have a partial legal leg to stand on in demanding reparations for the unlawful actions of Nazi Germany during the period of World War II, like the failure of the Wiemar Republic to pay off ...

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Italian comedian and activist Beppe Grillo says EU is already finished

On April 2, famed Italian comedian and political activist Beppe Grillo spoke in an interview with Russia Today on the state of the European Union, and on events occurring now between Germany, the Troika, and Greece.  During his interview, Grillo pulled no punches by saying that the EU has already collapsed as a coalition and that if the Union were as one, then Greece would have already been saved. RT: Is th ...

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California Judge Orders State to Pay for Inmate’s Sex Change

FOX NEWS - A federal judge on Thursday ordered California's corrections department to provide a transgender inmate with sex change surgery, the first time such an operation has been ordered in the state. U.S. District Court Judge Jon Tigar in San Francisco ruled that denying sex reassignment surgery to 51-year-old Michelle-Lael Norsworthy violates her constitutional rights. Her birth name is Jeffrey Bryan N ...

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Real or April fools? Greek Finance Minister has secret meeting to switch economy to Bitcoin

Sadly in the media, one has to vette stories even more than usual when they are published on April 1 each year, but it appears on the surface that this one may have some legs.  During a secret meeting held by the Greek Finance Minister when the Southern European nation reached the point of near insolvency, Yanis Varoufakis broached the idea of the government moving towards the use of Bitcoin as a national c ...

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Fed Chairman Janet Yellen states that cash has relatively little value

As the world begins to realize that the entire purpose of the Federal Reserve is to prop up stock markets and ensure the orderly flow of wealth from the 99% to the 1%, an interesting statement was made by the central bank Chairman Janet Yellen in San Francisco last week where she said that "cash is a not very convenient store of value", and validated that the fiat currency that comes from the printing press ...

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Chinese still buying U.S. companies at record levels despite ‘recovery’

Both the media and Wall Street continue to preach the mantra of an economic recovery despite data that shows the U.S. has never truly gotten out of the Great Recession.  And if you remove the artificially stimulated equity markets built over time from tens of trillions of dollars of QE, the actual strength of corporate America is incredibly fragile and prime targets for takeover and acquisition. And of cour ...

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POLICE IN DUBAI HAVE FOUND OVER 3,000 ABANDONED LUXURY CARS & ARE AUCTIONING THEM OFF FOR PENNIES ON THE DOLLAR

VIRAL THREAD - When daydreaming about how we’d spend the Lottery Jackpot that we’re probably never gonna win, pretty high up the bucket list is: buy a ridiculous car. A seriously f*cking fancy supermobile. But while some cities have a litter problem, some suffer from high crime rates and others might have a lack of housing. Then you have Dubai, which for the last several years has been facing the unusual pr ...

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