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Finland bringing back discussions of helicopter money directly to consumers

Earlier this year, Finland broached the idea of a direct payments to consumers as a means to help stimulate their economy.  Known in the mainstream as 'helicopter money' after former Fed Chairman Ben Bernanke declared he would do anything including dropping money from a helicopter to stimulate growth, this scheme has also been suggested in country's such as Switzerland and Japan. And while the idea went on ...

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Brother can you spare a Dollar Store?

If Walmart is the bellweather corporation for the retail sector, then places like Dollar General and Dollar Tree are the bellweather for the consumer.  And on Aug. 25 these two discount retailers showed their cards by lowering earnings estimates for the rest of the year, and are lowering prices on many staple products because they believe that 'things are worse for the consumer due to hikes in rents and hea ...

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The invisible hand always wins: Interbank lending rates rising despite central bank ZIRP and NIRP policies

One of the biggest reasons why economic events such as hyperinflation are so devastating is because they occur in a flash, and usually beyond the reach of governments and central banks to be able to stop them.  And in a nutshell, the invisible hand of market forces will always outdo anything man can construct to oppose them, just as nature will always win out over technology in the long run. And now we are ...

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Pension funds now going full retard as they begin to sell options on equity holdings to earn yield

At the core of the nation's colossal debt bubble is of course the Federal Reserve, and their zero/negative interest rate and money printing policies that have destroyed many sectors in the overall economy. And one of the biggest victims of the Fed's capital destruction is without a doubt the multitude of local, state, federal, and private pension funds that require high returns on their investments, and whi ...

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FDIC closes bank in Georgia, first one in over three months

On Aug. 19, the FDIC closed down their fourth bank for 2016 as The Woodbury Banking Company  shuttered its doors.  This institution is the first bank failure in over three months, with First Cornerstone Bank being closed down by regulators in on May 6. This bank failure is also the first for the month of August, and brings the overall number of bank closures in 2016 to 4. 8/19/2016 *** Georgia *** Woodbury ...

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Did Obama just create a new Executive Order in expectation of cancelling the November election?

The 20th Amendment lays out the line of succession for the Presidency in case of a catastrophic event which sees the Commander-in-Chief and the Vice-President killed, incapacitated, convicted of a crime, or leave office of their own accord.  And we saw this in action back in 1974 when Nixon's VP Spiro Agnew resigned prior to the President, and where the House Speaker Gerald Ford by law slid into the Preside ...

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Greek government implements new capital controls to force registration of all assets including cash

On Aug. 14, the Greek Finance Ministry ordered the implementation of perhaps the most stringent capital controls in decades against their own people by ordering citizens to declare all assets they own, including cash down to the last euro. This program is the first step in a larger scheme set to commence in February of 2017 where the government is able to track the wealth of every individual, and if necessa ...

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Former leader of France calls for a Frexit referendum as calls for leaving the EU grow

Forget the current French leader Francois Hollande taking the initiative to stand up to the European Union, and instead look forward and backward to see both a potential and former President of France calling for a referendum vote to the leave the EU. On Aug. 14, former French President Nicolas Sarkozy publicly called for the government to allow the people of France to follow in the UK's footsteps and issue ...

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What if a central bank initiated a bond buying program and no one wanted to sell?

With central banks having the reputation now of being the buyer of ALL RESORTS, what might be the consequences if they held a bond auction and no one came to sell? That is what happened last night to the Bank of England who had recently jumped on the ECB and BOJ bandwagons to buy back outstanding bonds in the hopes of pumping more liquidity into the markets. On the first day of the Bank of England's resumpt ...

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Donald Trump lays out his economic plan to Make America Great Again

On Aug. 8, Republican Presidential candidate Donald Trump spoke at the Detroit Economic Club to reveal his economic plan to Make America Great Again. During his approximately one hour speech, Trump provided several general categories he intends to focus on should he become President, and a few specifics which he plans to expand upon on his website, and in speeches on future dates.  Repeal of the estate tax, ...

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With equity markets back at all time highs, top investors continue to and say sell stocks

When Bank of America this weekend announced that central banks are involved in 45% of all global bond purchases, it was just another nail in the argument that the entire financial system is simply a debt driven bubble fueled by central bank money printing.  And besides bonds, we already know in most economies that the central banks are the catalyst for most equity buying as well. So when a large number of h ...

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U.S. now in a permanent environment of false data reporting and credit expansion to keep from collapsing

Even the infamous John Maynard Keynes predicted that too much reliance upon credit expansion would eventually lead to wealth inequality and a distortion of the economy.  And we see this in his writings where he advocated that government intervention using additional stimulus for for a short duration of time, and only until the economy recovered itself, and began a new move into growth. But unfortunately hum ...

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