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Understanding Economic Reporting 101

ELDER PATRIOT - The Drudge Report’s central headline reads, “Apple Crash Could Bring Down Market.”  The story is linked to marketwatch.com and highlights just how vulnerable our economy has become under the progressive agenda. With Main Street businesses having been sacrificed in favor of large-cap mega corporations under the progressives’ legislative agenda, the nation’s economic health is virtually comple ...

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Obamanomics: Raise energy prices, kill American industry, and subsidize bankrupt foreign green energy companies

Remember Solyndra, Fisker Automotive, Evergreen Solar and 31 other green energy companies Barack Obama subsidized with billions in taxpayer money during his administration that have turned out to be either insolvent, or collapsed into bankruptcy?  Well, we can add another to this list, and just one day after Obama raised the bar on his Clean Power Plan that has accomplished two things during his administrat ...

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Minimum Wage: In the end, economics always wins out over emotion and stupidity

Now that several states and businesses have ceded to the masses and are beginning to institute large hikes in the minimum wage, the reality of economics and human greed is setting in almost immediately.  For years, Democrats, liberals, and and progressives have sought to raise the minimum wage for the unskilled worker as a means of appeasing their voter base, yet this argument has missed the point entirely ...

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Social Security: We’re from the government, and we’re here to destroy what remains of the program

One of the funniest and perhaps saddest commentaries regarding the ability of the Federal government to either fix or run a financial enterprise is that when Uncle Sam co-opts a business platform, the end result is almost always insolvency, or the need for taxpayer bailouts.  In fact, all one has to do is look at the government's takeover of mortgage and student loan lenders Fannie Mae and Sallie Mae to see ...

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An Expert That Correctly Called The Last Two Stock Market Crashes Issues DIRE WARNING

VIA| What I am about to share with you is quite stunning. A well-respected financial expert that correctly predicted the last two stock market crashes is now warning that we are right on the verge of the next one. John Hussman is a former professor of economics and international finance at the University of Michigan, and the information in his latest weekly market comment is staggering. Since 1970, there ha ...

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The next step in China determining gold prices initiated as LME accepts Yuan in contract purchases

For owners of physical gold who have been frustrated with the manipulation and falling prices over the past four years, the day of reckoning is slowly coming upon them.  Beginning a few months ago when the London Gold Fix committee invited China to be a member of the daily price fix mechanism, the next step in having price determination move from the West over to Shanghai and Hong Kong is underway as on Jul ...

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Death of the American Dream: Home ownership falls to lowest level in nearly 50 years

When it comes to both the government and the Federal Reserve, trusting any program to either of these agencies is a sure fire way to destroy an industry.  And just as former Fed Chairman Alan Greenspan helped create the housing bubble that burst confidence in home ownership, the latter two central bank heads have finally killed it entirely. On July 27, the U.S. Census issued its most recent home ownership d ...

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Economic indicators look more and more like 2007, and forecast the new global recession

Few people remember that the start of the Great Recession, and the lead-up to the 2008 credit crisis, began a year before when several economic indicators marked a tremendous slowdown and popping of artificial bubble throughout the world.  In fact, 2007 was when we saw the height of the last stock market boom, and where the Dow lost over 1000 points before the great crash occurred in October of 2008, leadin ...

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HERE WE GO: CHINA DUMPS HALF A TRILLION US DOLLARS: “Something is Very, Very Wrong… They Are Being Aggressively Sold”

VIA|  We’ve recently reported that China is preparing for something very big in currency markets this October. We then learned that economic models from two very well known financial forecasters are predicting that governments around the world will run into serious problems starting around October 2nd of this year. Those forecasts come on the heels of a warning issued by economic analyst Michael Snyder who ...

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More important than China’s gold announcement, U.S. banks scared of dollar dumping as buyers dry up

When China announced their long awaited gold reserve update last week, both the markets and analysts were mystified at just how low the reported reserves were, especially since many knew that China was producing over 2000 tons per year, and buying upwards of 1000 tons per month over the past two years.  And while the news did little to affect the dollar or change opinion on the future of China's currency, s ...

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Germany fires first salvo in war to end use of cash by consumers

As Greece starts to deteriorate into near Civil War as citizens within the EU country are unable to fully access monies kept in their banking system, they are not the only entities experiencing problems that threaten the monetary liquidity of Europe.  In fact, in what may be the biggest irony from the year long battle between Greece and Germany over Greek debt, Germany is launching its first salvo in a new ...

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GOVERNMENTS WORLDWIDE WILL CRASH THE FIRST WEEK OF OCTOBER … ACCORDING TO 2 FINANCIAL FORECASTERS

Two well-known financial forecasters claim that virtually all governments worldwide will be hit with a gigantic economic crisis in the first week of October 2015 INFOWARS| Two well-known financial forecasters claim that virtually all governments worldwide will be hit with a gigantic economic crisis in the first week of October 2015. Martin Armstrong is a controversial market analyst who correctly predicted ...

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