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People around the world buying gold in droves as analysts see loss of confidence in paper currencies

Seven years, 637 rate cuts, and $12.3 trillion in 'quantitative easing' has accomplished little more than to grow the world's debt bubble to extraordinary proportions.  And now that Japan, Switzerland, most of Europe, and even the U.S. are either into negative rates, or seriously contemplating them, the straw seems to have finally broken the camel's back, and confidence in paper fiat currencies is coming to ...

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JP Morgan can’t imagine a more ‘ugly morning’ as global markets imploding

Just one day after Federal Reserve Chairman Janet Yellen spoke before Congress to answer questions on the state of the economy, global markets continued their acceleration downward as stocks, currencies, oil, and banks not only show signs of capitulation, but in the words of JP Morgan's Adam Crisafulli, he can't imagine a more 'ugly morning'. S&P 500 futures down 1.8% to 1814 Stoxx 600 down 3.4% to 304 ...

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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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Major retail chains shutting down thousands of stores; are you prepared and self-reliant?

(NaturalNews) There is chatter across the web about dozens of major retail chains that are expected to permanently shutter a large number of their store locations this year. Popular names like Abercrombie & Fitch, Barnes & Noble, Chico's, Children's Place, Coach, Fresh & Easy, Gymboree, JCPenney, Macy's, Office Depot, Pier One, Pep Boys, and many others are named as soon-to-be casualties in what ...

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Foreign bartender hires take unemployment rate below 5%

As usual, today's new job report from the Bureau of Labor Statistics isn't what it seems, and proves once again that government reporting is simply a political tool for the state's benefit rather than as a true barometer of the economy.  And all one simply has to do is look at how the Feb. 5 number came in far below analyst projections, yet the unemployment rate fell below 5% and to its lowest level in eigh ...

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Retail closures scream recession

First it was Macy's, who within days of the start of the new year announced store closures and layoffs, and was quickly followed by bell wealth company Walmart, who doubled down and reported the closure of hundreds of stores.  And now we can include at least six more major retailers who are shuttering down their low revenue outlets as economic conditions scream recession a little more than a month into 2016 ...

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January ends with U.S. debt crossing over $19 trillion

A new report came out on Feb. 1 showing that the national debt has now crossed over $19 trillion, making it extremely likely that the U.S. will end Obama's term in office with a debt obligation of over $20 trillion.  And with Congress simply abrogating their duties and giving the government carte blanche authority to borrow and spend as much as they want, whomever wins the Presidency this November will auto ...

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Peter Schiff: Recession and NIRP in the cards for U.S. before November election

What should make everyone feel differently this time about the state of the economy is how custom and tradition were thrown out the window back in December when the Federal Reserve intervened in the financial system within 12 months of a presidential election.  These actions are almost unheard of because the central bank always feared being labeled a political entity since their moves would in the end benef ...

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ICELAND FORGIVES ENTIRE POPULATION ITS DEBT. TOTAL US MEDIA BLACKOUT.

VIA/Finally serious economists are considering a position I have been maintaining and writing about since the 2008 financial meltdown. Whatever its name‚ÄĒ erasure, repudiation, abolishment, cancellation, jubilee‚ÄĒdebt forgiveness, will have to eventually emerge forefront in global efforts to solve an ongoing systemic financial crisis. The US Rothschild Controlled Media (RCM) has completely BLACKED OUT/CENSORE ...

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Helicopter Ben goes to Switzerland as people to vote on getting monthly government payouts

It is becoming more and more apparent that the entire global financial system is rushing headlong into a titanic collapse sometime in the future, and governments along with central banks are willing to do anything to extend it as far as it can go.  This of course means that at certain points along the way they need to use more and more drastic measures in order to stimulate spending. Starting late in 2015, ...

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GDP for 4th quarter comes in below 1%, and would have been negative without forced Obamacare tax

Although we have mentioned it several times, the primary factors that make up U.S. GDP are consumer spending, and government spending.  Combined these two categories within the Gross Domestic Product account for 85% of the total production numbers. So when 4th Quarter GDP growth came in at less than 1% on Jan. 29 (.69%), it validated that sales over the holiday shopping season were incredibly dismal, and th ...

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Double whammy: Influx of immigrants into Europe are job seekers moving into recessionary markets

By now most intelligent people have realized that the influx of millions of 'refugees' into the Eurozone are not casualties of the Syrian conflict, but opportunists seeking better economic conditions than what they had in their Middle Eastern or East European country's.  And what makes this disaster even greater is that these 'job seekers' are coming at a time when most of Europe is falling into a economic ...

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