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FDIC closes third bank of 2016 in King of Prussia, Pennsylvania

On May 6, the FDIC closed down their third bank for 2016 as First Cornerstone Bank shuttered its doors.  This institution is the second bank failure in the past two weeks, with Trust Company Bank being closed down by regulators in on April 29. This bank failure is also the first for the month of May, and brings the overall number of bank closures in 2016 to 3. 5/6/2016 *** Pennsylvania *** King of Prussia * ...

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FDIC closes second bank of 2016 in Memphis, Tennessee

On April 29, the FDIC closed down is second bank for 2016 as Trust Company Bank shuttered its doors.  This institution is the second bank failure in the past two months, with North Milwaukee State Bank being closed down by regulators in March. This bank failure is the first for the month of April and brings the overall number of bank closures in 2016 to 2. 4/29/2016 *** Tennessee *** Memphis *** Trust Compa ...

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Average Americans still haven’t returned to the stock market after 2008 collapse

When the stock market crashed in 1929, it took until the 1950's for the Dow Jones to return to its former all-time high of 24 years earlier.  And it also took until the post-war and post-Depression decade before the average American felt secure enough in the equity markets to begin investing on Wall Street. Over the past 60 years, both the Federal government, and the brokerage houses made it easier for ever ...

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Gold, Bitcoin… investors looking for everything but the dollar

Over the past 5 years, the dollar has been the primary safe haven for investors who attempted to walk through the minefields of currency wars, and quantitative easing.  And during this time the reserve currency hovered between 95 and 100 on the index, while purchases of U.S. Treasuries remained at very high levels. But since the beginning of the year a sea change has taken place, and the dollar has felt the ...

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80% Stock Market Crash To Strike in 2016, Economist Warns

Several noted economists and distinguished investors are warning of a stock market crash. Billionaire Carl Icahn, for example, recently raised a red flag on a national broadcast when he declared, ‚ÄúThe public is walking into a trap again as they did in 2007.‚ÄĚ And the prophetic economist Andrew Smithers warns, ‚ÄúU.S. stocks are now about 80% overvalued.‚ÄĚ Smithers backs up his prediction using a ratio which¬†pro ...

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Corporations defaulting on debt at levels not seen since the Great Recession

By now every real investor knows that stock markets are rigged not on fundamentals and technicals, but on Federal Reserve and ESF interventions.  And no greater example of this can be evidenced when Goldman Sachs, who reported a decline of 55% in last quarter earnings, saw their stock go up during today's trading. But underlying it all is a growing plague of debt and margin calls, and since the beginning of ...

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Dr. Jim Willie: The Dollar is Dead! Even Mainstream Media Realizes it!

VIA/Want to know Why the Super Rich Leaving Major Cities, Even Renouncing Citizenship?  In the video below, Dr. Willie explains something that a recent article below by Michael Snyder points out as well. People are are finally catching on to the fact that QE (Quantitative Easing) and ZIRP (Zero Interest Rate Policy) are NOT stimulus agents to the US economy, or anywhere else they are being employed, but rat ...

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Consumer trust and hope in the economy falling

Late last week, the Atlanta Fed lowered their Q1 GDP expectations down for the third time in a week to .1%, yet the mainstream continues to dismiss any possibility that the economy is either moving into recession, or that it is already in one.  And at the core of their propaganda is the belief that the consumer is alive and well, and spending money assumed to have been garnered from lower oil prices. But tw ...

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WHY ARE THOUSANDS OF MILLIONAIRES FLEEING CHICAGO AND OTHER MAJOR CITIES AROUND THE WORLD?

VIA/The elite are fleeing major cities around the globe at a staggering rate. In fact, the Chicago Tribune is reporting that approximately 3,000 millionaires left the city of Chicago alone during 2015. The same study discussed in that Chicago Tribune article found that 7,000 millionaires left Paris, France last year. So why is this happening? Why are thousands of millionaires suddenly packing up and moving ...

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FDIC study determines most large American banks not ready for next financial crisis

On April 13, the FDIC issued a new report from a study they made regarding the ability of major U.S. banks to deal with a systematic financial collapse.  And in their findings, the FDIC is reporting that 5 of the 8 'too big to fail' banks do not have feasible plans in place to stave off a crisis, and in fact are geared towards the expectation that the government and taxpayers will bail them out once again. ...

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Who needs Bernie? Americans spend more on taxes than on food, clothing, and shelter

Independent/Democratic candidate for President Bernie Sanders has been running on a platform of not just tax the rich, but pretty much tax everyone more to pay for his $18 trillion program of full blown Socialism.  But what the old man from Vermont who never worked an honest job in his entire life is failing to see is that as Americans rush towards tax day less than a week from now, they already give away t ...

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U.S. becoming desperate to hold on to their power over global financial system

Empires and the elite never relinquish power easily, and are often willing to cause extreme harm to the system itself to try to hold onto their control.  And while we have seen this exhibited over the past few years in the form of economic sanctions (Russia), tariffs (China), sovereign overthrows (Libya, Syria, Ukraine), and secret trade agreements (TPP, TTIP), the fact of the matter is the world is in cycl ...

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