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Russia wants to end sanctions against EU, but European Commission rejects olive branch

On Nov. 8, Russia's Economic Minister spoke to business leaders in Rome about their desire to end the game of sanctions inflicted by both sides over the U.S. induced Ukrainian conflict.  However, Aleksey Ulyukaev asserted that it was not Moscow who was holding up talks to end the economic warfare between Europe and Russia, but the European Commission in Brussels. Beginning in early 2014, the U.S. chose to i ...

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Banks preparing for market chaos by putting employees on standby in the event of a Trump victory in two battleground states

Wall Street may be greedy but they are rarely dumb.  And after suffering through the market after-affects of the Brexit vote back in June, several banks are working on contingency plans, including putting bankers on standby if it appears that Donald Trump is going to win key battleground states. Besides U.S. bankers who are hedging their current long positions open in the market in expectation of a Clinton ...

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Dallas pension fund Part III: City threatens to raise property taxes on citizens to cover shortfalls

Thanks to programs like Dodd-Frank and others which have allowed Wall Street and pension fund managers to mask the true value of their assets through a scheme known as 'mark to model', state, local, Federal, and many private retirement accounts have been able to skate by with being severely underfunded.  But for one municipality, a state court ruling made a few months ago summarily meant that the proverbial ...

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Obama administration puts out final jobs numbers before election

Last week it was a shockingly high GDP print, and today the Obama administration issued October's job report in one last attempt to sway voters heading into the Nov. 8 election. As usual the Bureau of Labor Statistics (BLS) printed a surface number for jobs that while below analyst expectations, appears to show improvement in the job market.  However when you go below the surface, the trend continues for ne ...

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Italian businesses beg Russia to suspend their sanctions on the EU

The German business community is not the only one within the EU at odds with their government over economic sanctions imposed upon Russia in which they were falsely accused of invading Ukraine back in 2014.  In fact, several Scandinavian economies have also turned on their own leaderships after businesses there have lost billions of Euros from lost trade with the Eurasian power. And now we can add Italy to ...

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U.S. Democratizing the world with poverty

For decades now the U.S. government has used the term 'Democratization' for justifying their going into foreign countries and either assassinating their leaders, or sanctioning their economies.  And as a result, nearly all the nations Washington has sought to invade or interfere with have resulted in a complete loss of economic wealth, and a move towards extreme poverty following their insurgence. Take for ...

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New PMI and manufacturing data shows that last weeks GDP print was nothing but a fraud

Last week the Obama administration reported GDP for the third quarter at a whopping 2.9%, which was the highest since 2014 and was in complete opposition to the real news of layoffs, shutdowns, and lower retail volumes.  And many analysts have speculated that the false print was likely done to aid Hillary Clinton as the Presidential election draws near. Now on Oct. 31 two new data points out pretty much con ...

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Central bank head who blew housing bubbles in both Canada and the UK looking to quit before collapse

It is extremely rare when an individual gets to become the head of two different central banks in two different countries, but that is the legacy of the UK's Mark Carney, who has steered the financial ships of both Canada and Britain.  And in an interesting twist of fate, the current head of the Bank of England is now rumored to be quitting just as the UK housing bubble he helped create is starting to implo ...

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As Bitcoin crosses back over $700 look for an even higher price with new burst of Chinese buying

On Oct. 29 Bitcoin soared back over $700 as global financial worries make holding any currency other than the dollar a risky proposition.  And with China engaging in a new round of currency devaluation for the RMB over the past few weeks, Chinese investors have been once again rushing into the crypto-currency as a safe haven. Earlier this week, we pointed out that after tracking the recent drop in the Yuan ...

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European banks ordered to inventory any exposure they may have to Deutsche Bank

After a few weeks of virtual silence, news has begun to mount once again regarding the solvency of Germany's largest financial institution.  And just a few hours after Deutsche Bank either voluntarily or were ordered to audit their derivatives book out of fear that trillions in risk may have been mis-priced, the Bank of England is calling for their own audit of UK banks to see how exposure each might have t ...

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Government imposed costs to Americans about to skyrocket in 2017

If you tune out the mainstream media (propaganda) the establishment wants to keep feeding you, you would realize that the economy is ready for, if not already in, a new recession.  And if today's drop in consumer confidence doesn't flash a warning sign that Americans do not see the economy as bright as President Obama wants to bloviate in his recent press conferences, then get ready for 2017 which will see ...

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Consumer confidence falls off a cliff just weeks before Presidential election

Higher inflation expectations, a 25% increase in Obamacare premiums, and a less than expected Christmas holiday shopping season are just some of the factors leading to the largest drop in Consumer Confidence in the past 11 months. On Oct. 25, the last Confidence survey before the Presidential election came out and saw a massive drop of nearly six points from last month which is a bad sign for Hillary Clinto ...

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