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Rothschild Doubles Down on Gold as Banking Collapse Begins, Germans Told to Stockpile Food/Water

Berlin, Germany ‚Äď The most prominent bank in Germany is at risk of imminent collapse, with potentially profound effects for the EU, the United States and the rest of the world. The prospect of a cataclysmic global banking collapse of this nature has not been seen since the implosion of Lehman Brothers in 2008, and subsequent fallout in the global banking world. But these events haven‚Äôt taken place in a vacu ...

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Corrupt ECB President Mario Draghi cries foul when accused of being responsible for Deutsche Bank’s problems

The primary reason former Goldman Sachs banker Mario Draghi became the President of the European Central Bank was because he could be trusted to not only aid and abet fraud and corruption with the European banking system, but had already proven himself capable of manufacturing financial fraud himself.  Many people forget that he was the head of Goldman Sachs international division when the bank hid Greek de ...

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Global trade growth at the worst levels since the Great Recession

On Sept. 27 the World Trade Organization (WTO) cut its forecast for global trade in 2016 by 1.1% to the lowest levels since the Great Recession period of 2009-10. Originally forecasting a growth rate of 2.8% earlier this year, the rise in rejecting globalism is being named the primary reason for the decline in international trade by the WTO. The World Trade Organization (WTO) has cut its forecast for global ...

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Imagine if Greece and Lehman had a love child… it would be named Germany

Just like in 2008, the mainstream business media is downplaying the Deutsche Bank crisis as if it were some minor bank problem simply waiting on a government bailout.  But in a new piece of news that came across the wire earlier today, DB is not the only financial institution in trouble within the German banking system, and is setting up the Eurozone's largest economy to have to look towards the ECB and IMF ...

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Want to see the true state of the economy? Look to the states rather than Washington

It has been long believed that ever since the Clinton administration, economic data has been manipulated for political purposes to support the current occupiers in the White House.  And when you compare the 4.9% 'unemployment rate' put out by the Bureau of Labor Statistics despite the fact that there are 94 million Americans actually out of work, then you realize that you have to go far beyond the surface h ...

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Deutsche Bank in the spotlight as Merkel states government will not provide a bail-out

Even before the DOJ issued a $14 billion fine against the German financial juggernaut known as Deutsche Bank, the institution was already on life support with an estimated $17.5 billion in assets, and a whopping $1.375 trillion in liabilities that do not include over $40 trillion in derivative exposure.  And now in Sept. 24, German Chancellor Angela Merkel announced that the bank cannot expect a taxpayer fu ...

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FDIC closes fifth bank of 2016 in the state of Arkansas

On Sept. 23, the FDIC closed down their fifth bank for 2016 as Allied Bank shuttered its doors.  This institution is the first bank failure for the month of September, and the first Arkansas bank closure since December of 2010. 9/23/2016 *** Arkansas *** Mulberry *** Allied Bank *** $6.9 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $6.9 million. If you were banking at ...

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As the U.S. creates debt at new record levels, is there expectation of a global debt jubilee down the road?

In August the Obama administration borrowed a record $151 billion for a single month, setting for the course for 2016 to see an increase in the national debt of $1.36 trillion.  In fact, America's debt was recently reported to have crossed over $19.5 trillion, and has begun to accelerate higher ever since Congress removed the debt ceiling completely last October. And while the U.S. is not the only economy t ...

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Dallas police pension fund is a microcosm of why U.S. financial system doesn’t price things mark to market

Following the 2008 Credit Crisis, and even after passage of the Dodd-Frank Wall Street Reform Act, the Western financial systems have fought hard to ensure that their assets never have to be valued at mark to market.  Instead they are recognized as 'mark to maturity' or 'mark to model', making it seem as though these institutions are solvent when liquidation of their assets would cause them to actually be b ...

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The same Congress who allowed debt ceiling to reach $20 trillion now says it is a threat to national security

On Sept. 14, the House Budget committee published a speech where they asserted that the nation's $19.5 trillion national debt is now a security threat to the stability of the country. In their oratory on the House floor last week, the Budget Committee reported to Congress that the amount of debt that the government has accumulated has now reached the point where it in itself is creating a fiscal crisis that ...

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Y2K redux, or are people fleeing to the wilderness to just get away from an eroding society

At the height of the Y2K scare two decades ago fringe leaders, including many church Pastors, were calling for the end of the world or in some cases the time when the Anti-Christ was coming onto the scene to usher in the new world order. But following a terror attack on American soil, the introduction of the surveillance state, an economic collapse, and trust in society as a whole at perhaps its lowest poin ...

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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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