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40 years of Socialism in France has now bankrupted their budget

In France, where they have no had a balanced budget since 1974, the world's largest welfare state has finally reached terminal velocity and is being forced to induce austerity on its people as the nation sits on the precipice of bankruptcy.  On Oct. 9, Prime Minister Manuel Valls is beginning a new program of welfare and family subsistence cuts that are sure to result in a revolt by a population that has be ...

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Federal Reserve has one final card up its sleeve… the Doomsday Book

This week, former heads of the Federal Reserve and U.S. Treasury converged on Washington to give testimony as to the monetary status of the economy and banking system.  During part of the more than six hours of testimony, the financial heads were asked about a secret and disturbing publication the Fed has in case of a sudden financial meltdown.  Known as the Doomsday Book, this document supposedly is a comp ...

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Dollar’s sudden strength occurring as a sign the world is rejecting reserve currency

Approximately three months ago, the dollar began a massive rise in relation to other global currencies, with its value gaining more than 675 bps on the charts.  Closing out on Friday, Oct. 3 around 86.64, this is the highest the dollar has been since the middle of 2010 when the Federal Reserve began its first round of Quantitative Easing, and Europe was enmeshed in a liquidity crisis. But while economists a ...

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New jobs report: More hiring’s for Grandma and less for Grandkids

As Wall Street swoons around today's front line BS... err I mean BLS jobs report, the bottom line once again is that more people actually fell off the participation roles than actually found employment in September.  And even more disconcerting was the fact that the majority of these jobs were gained in the 55-69 age group, with 10K jobs actually being lost in the 25-54 range. So to sum it up.  230,000 Gran ...

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SHTF ALERT: When These People Go Into Hiding, It Is Time to Pay Attention

Something big is about to happen. How do I know? I know because people I have known for years have pointed to the last quarter of 2014 as the beginning of the end for many of our institutions and perhaps our very way of life.  Some of my very best contacts have told me that it is time to stop warning the people, because it is now time to start hiding from the wrong people. My initial reaction is to not beli ...

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350LB WELFARE HIPPO: ‚ÄėIt’s Not My Fault I’m Fat‚Äô, It’s Because I Need More Money From the Government

Size 28 Christina Briggs claims over £20k in taxpayers’ money, but says healthy eating is too expensive. Thanks to her regular diet of crisps, chocolate and takeaways mom -of- two Christina Briggs tips the scales at an unhealthy 25st (350 pounds). But size 28 Christina, who has never worked and rakes in over 20K in benefits a year, takes no responsibility for her weight gain and says she needs more money fr ...

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Detroit deals with water problems once again as Judge orders shutoffs

Earlier this year, the City of Detroit found itself in a quandary as impoverished citizens were having no access to water as the municipality shutoff supplies when residents couldn't pay their water bills.  After numerous protests, the city relented and water was restored to thousands of people. However, a judge presiding over Detroit's bankruptcy case declared on Sept. 29 that the city had no right to give ...

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Martin Armstrong: Sanctions against Russia will only backfire

On Sept. 29, well known and highly respected economist Martin Armstrong wrote a short piece on the ongoing sanctions that U.S. and Europe, and in particular member nations within the G-8 (err 7 now), are imposing upon Russia.  In just a few short words, Armstrong went straight to the core of what sanctions actually will do to both Europe and America, with the final results being catastrophic to the West, wi ...

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First it was End the Fed, now German grass roots looks to end the Euro

A few months ago, activists in Germany went to the streets en masse protesting the U.S Federal Reserve, and called for an ending the global influence of America's central bank.  Now on Sept. 23, Standard & Poor (S&P) came out with a warning that even more political waves are rising from the grass roots, and that sentiment against the Euro is leading new political parties to gain great strength in Ge ...

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REVOLT: Farmers Set Fire to Tax Offices in Protest!

Vegetable farmers set fire to tax and insurance offices in protest over government inaction on falling living standards stemming from bad crops and Russian food import bans. The farmers, who say they cannot survive with the continued falling prices their products retrieve, used tractors and trailers to dump artichokes, cauliflowers and manure in the streets and also smashed windows, in the town of Morlaix i ...

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China docks war ship in Iran as Petro-Yuan goes head to head with Petro-Dollar

The proxy war for control over the global reserve currency heated up another notch on Sept. 21 as China sailed a destroyer through the Straits of Hormuz and docked in an Iranian port just miles away from an American fleet docked in the UAE.  The meaning behind this move is not mysterious as China is quickly drawing the line that U.S. sanctions on one of their oil partners will no longer be tolerated, and th ...

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National debt has climbed an additional $1 trillion since debt ceiling was removed

While the American people continue to question the so called economic recovery, an overlooked aspect of the U.S. budget is no longer getting much press since Congress voted to remove the debt ceiling and allow the President to borrow money from the Fed as he sees fit.  And while Obama supporters in the media continue to prop up stories of how the President has lowered the budget deficit, the fact remains th ...

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