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Central banks keeping the economy on life support with over $1 trillion printed every six months

Has anyone actually wondered why the stock markets worldwide shot back up to new all-time highs following the Brexit vote when they were in a slow decline prior to this historic event?  The answer of course is an incredible amount of newly money printing by global central banks, which bought stocks and indices by the boatload during the summer's low volume period. Quantitative Easing by the Fed was supposed ...

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As the stock markets get pumped to all-time highs, trust in the overall economy sinks to multi-year lows

Any investor with two brain cells knows that the recent jump in equities has nothing to do with a fundamental or technical change in the value of companies, but in central banks buying stocks to keep deceiving the public that the economy is doing well.  And despite all the hoopla of markets soaring to record new all-time highs in just six trading days at the beginning of July, the newest Gallup Poll on econ ...

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Republicans seek to defeat Clinton twice by calling for return of Glass-Steagall in convention platform

As Hillary Clinton is all but a given to be the Democratic nominee for President in the November election, the Republican party is moving to to try to beat her and Bill twice this year.  That is because according to a new report on what planks will make up the GOP's convention platform this year, repealing the Gramm-Leach-Bliley Financial Services Modernization Act of 1999, and returning Glass-Steagall, app ...

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Failed pensions, crime, and Obamacare is the legacy the President leaves for Chicago

When Mayor Richard Daley decided to end the several decade's rule by his family over the city of Chicago, it finished a legacy that saw the city re-make itself in the wake of post-World War II, and go through the changes that came from the tumultuous Civil Rights Era of the late 60's and early 70's. But over the past decade when Chicago became home to the Obama machine under his former Chief of Staff Rahm E ...

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Who knew! Lower taxes, economy grows

One of the biggest arguments between the right and the left is over whether raising or lowering taxes would be the most beneficial for an economy.  During the Reagan years, lowering taxes coupled with raising interest rates brought about an ending of stagflation, and an economic boom to the United States.  Subsequently, liberal minded Americans would point to the Bill Clinton years as being a true barometer ...

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Following Japan’s new plans for helicopter money, one Fed President calls for its use in monetary policy

Japan has been a 30+ year petri dish for central banks around the world to watch and learn from their monetary policies.  And despite the fact that in that time the island economy has gone through five recessions, people have lost nearly all their purchasing power, central banks own over 50% of all market assets, and in 2016 have seen their sovereign debt now issued in negative rates, both the Fed and the E ...

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European banking system ready to implode unless the ECB comes up with $150 billion or more in bailouts

Over the weekend, Europe's most toxic and insolvent bank (Deutsche Bank) came out with an announcement that if the European Central Bank (ECB) didn't come up with $150 billion or more in new funding to bailout the continent's banking system, then it could potentially face an 'accident' similar to 2008's 'Lehman moment'. And it is not the largest German bank that is the sole institution in need of recapitali ...

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Global bonds at negative yield reach $13 trillion as the Dutch join in with the rest of the EU

We may have to rename the global bond market to 'Fast and Furious -1.0' because that is exactly what is happening to the expanding amount of sovereign bonds in both Europe and Japan.  Last week, bonds with a negative yield were estimated to be about $11.5 trillion, and just one week later, that amount has grown by 11.5% to now be around $13 trillion. And the newest member to join the negative yield club are ...

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Don’t blame Brexit as global recession and financial crises were here long before UK vote

The powers that be have learned to never let a crisis go to waste.  And in the wake of last month's Brexit vote which they desperately didn't want to happen, mainstream financial analysts and central bankers are now shifting the UK vote into the perfect excuse to blame the oncoming global recession and financial collapse on that event and on the British people. But for any real economist who isn't a paid sh ...

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As Western central banks mull over new QE programs within the status quo, Russia and China discuss a new monetary system

Over the weekend, well known author and economic analyst Willem Middelkoop sent out an email regarding some insider information he received about a meeting between Russian and Chinese leaders where they discussed ending dollar hegemony, and cultivating the establishment of a new financial order.  This meeting, and its main thesis, is occurring at the same time that Western financial institutions in both Ita ...

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Beginning July 1 will start the trillion dollar selloff of stocks for baby boomers over the next 11 years

Besides the consequences of there being more Baby Boomer retirees than workers to fiscally deal with the insolvent social security program, a new monetary crisis is about to hit the markets in just three days time.  That is because on July 1, the oldest of the Baby Boomer generation will turn 70 1/2, and thus forced to start selling off their 401K, IRA, and mutual fund assets to fulfill their obligations to ...

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