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Yes Virginia, contrary to ECB rhetoric there will be a Greek depositor bail-in

After Greece changed course back in July and accepted the Troika's demands for austerity measures to receive a new bail-out, the assumption was that only bond holders would be subject to any sort of risk that might see their securities decline, or perhaps even fall to zero.  Yet as one knows in the financial industry, and in the case of central bank policies, you can never fall asleep believing that your mo ...

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Eight years later, the Housing bubble morphs into Rent bubble

Prior to the bursting of the artificially created Housing bubble in 2007, home prices had skyrocketed due to cheap money, low interest rates, and government policies that mandated banks lend to people who couldn't afford it.  And with many families remaining cautious or unable to purchase a home after millions of Americans had lost theirs during the run of foreclosures following 2008, renting in the U.S. ha ...

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As monetary systems begin to falter, alternate currencies are rising to support the people

For decades alternative currencies have been a staple in many localized economies, even in such places as Detroit, MI where a local scrip known as the Detroit Cheers was prevalent during both the Great Depression, and again after the 2008 Credit Crisis.  And as the world rushes headlong towards the next great monetary crisis, the use of alternative currencies are once again coming to the forefront as centra ...

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The Shemitah: The Biblical Pattern Which Indicates That A Financial Collapse Is Coming In 2015

VIA| Does a mystery that is 3,500 years old hold the key to what is going to happen to global financial markets in 2015?  Could it be possible that the timing of major financial crashes is not just a matter of coincidence?  In previous articles on my website, I have discussed some of the major economic and financial cycle theories and their proponents.  For example, in an article entitled “If Economic Cycle ...

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Dow hits first true Death Cross since 2011

There are two technical terms for when the 50 day moving average (50DMA) and 200 DMA cross paths.  When the 50 day indicator is rising, and crosses over the 200 DMA it is known as a Golden Cross, and is considered a very bullish indicator.  But when the 50 DMA has a downward path, and crosses below the 200 DMA it is known as a Death Cross and represents a bearish indicator for any given market, industry, st ...

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China’s devaluation just the start as countries rev up for next leg of currency war

The currency war in the global financial system has been going on at varying strengths since 2009, and in full gear since 2013 thanks to Japan and Abenomics.  However, with the world's most important industrial economy showing signs of a severe crash, or at the very least an acute slowdown, China's new devaluation policy is expected to ratchet up the currency wars to a whole new level. For years the Chinese ...

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While the Fed tells Americans one thing, two major banks purchase tons of physical gold

There is a reason why CNBC has lost over 40% of their viewers after the 2008 Credit Crisis, and it is primarily because people have come to realize that most business networks are simply shills for the elite, and promoters of the Federal Reserve's party line.  And to validate this, all one has to do is look at a recent article from the Wall Street Journal where a pundit sought to equate gold to that of a pe ...

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No country for young American men

Remember when we were growing up and it was a rite of passage during high school summer breaks to get a job, and perhaps even buy our first car with those earnings?  Sadly today, this is no longer possible as the real consequences of Obama's job recovery, coupled with the tens of millions of illegal aliens in the country over the past 10 years, have made youth unemployment a thing of the past. At 41.3 perce ...

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Welcome to 2008: Dow drops more than 1000 points from its all-time highs

Early this morning, the Dow reached an interesting number as the market has now fallen over 1000 points from its all-time highs reached in May of this year.  And while this decline represents only a 5% drop in the market over the past three months, it is eerily similar to what took place just eight years ago when a 1000 point drop from the previous all-time high led to a stock market crash the very next yea ...

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EXPOSED: Obama’s Plan To CONFISCATE YOUR PENSIONS & 401K’s…

(by Kris Zane, WCJ) -- After Obama openly proclaimed in his State of the Union address that he would ignore Congress and give amnesty to millions of illegals, unilaterally raise the minimum wage, and act without Congressional approval on a host of other issues, Americans got worried that Obama was turning into a dictator. What is on the horizon, however, may shock you. Ever wonder why Obama is on a spending ...

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Australia begins looking at Bitcoin to become equivalent to paper money

As the world has gotten a front and center seat to the decline and collapse of the Greek financial system, one nation is seeking to change the way their economy views money.  And in a move that would test the legitimacy of digital currencies as a recognized medium for trade and commerce, Australia on Aug. 4 is pursuing the option of making Bitcoin on par with theirs and other currencies in both taxation and ...

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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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