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Bank closure in Puerto Rico will cost FDIC three quarters of a billion dollars

Doral Bank, located in San Juan, Puerto Rico, was closed down by the FDIC on Friday, Feb. 27.  This bank failure is the second for the month of February and is the fourth overall bank closure for 2015. 2/27/2015 *** Puerto Rico *** San Juan *** Doral Bank *** $748.9 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $748.9 million. If you were banking at Doral Bank in San Ju ...

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How much more global debt will it take before the end comes?

As we continue into the early part of 2015, global stock markets around the world are touching upon new all-time highs, and investors are praising central bankers as the saviors of the economy once again.  But since we already know that central banks own more than half of all stocks in the different equity markets, the real question people need to ask in their euphoria is when will be the day that the piper ...

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The next major hit to the dollar occurs as Russia connects 91 institutions to SWIFT alternative

With most of the world having to use the Western based SWIFT system to perform global currency transactions, the U.S. has dominated the world's financial system for more than 70 years.  And because of that dominance,  America has used their control over SWIFT as a weapon to economically attack nations who opposed their national agendas. However, since the middle 2013 this is slowly begun to change.  And in ...

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Greece rejects latest bailout options declaring they won’t be a debt colony to EU

As time rushes towards the drop dead date of Feb. 28 for the Greek debt reconciliation, the Eurozone is quickly finding that negotiations with the new government are far more difficult than they were in accomplishing a Ukrainian ceasefire.  And with Prime Minister Tsipris stating that the absurd offers coming from the Troika are non-negotiable and non-starters, the rhetoric has even reached the point where ...

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Azerbaijan becomes newest country to de-peg their currency from the dollar

On Feb. 16, the nation of Azerbaijan became the newest country to de-peg their currency from the dollar and will going forward use a basket of currencies that include the Euro to help provide better economic stability. Over the past few years, several countries including Zimbabwe, South Africa, Russia, and Venezuela have either de-pegged their currencies from the dollar, or are in the process of cutting the ...

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FDIC closes bank in Georgia bringing the number of bank failures in 2015 to three

Capital City Bank & Trust Company, located in Atlanta, GA, was closed down by the FDIC on Friday, Feb. 13.  This bank failure is the first for the month of January and is the third overall bank closure for 2015. 2/13/2015 *** GA *** Atlanta *** Capital City Bank & Trust Company *** $88.9 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $88.9 million. If you were ba ...

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GUESS WHAT HAPPENED THE LAST TIME THE U.S. DOLLAR SKYROCKETED IN VALUE LIKE THIS?…

Over the past decade, there has been only one other time when the value of the U.S. dollar has increased by so much in such a short period of time Over the past decade, there has been only one other time when the value of the U.S. dollar has increased by so much in such a short period of time. That was in mid-2008 ‚Äď just before the greatest financial crash since the Great Depression. A surging U.S. dollar a ...

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Former Fed Chair Alan Greenspan believes Greece has no choice but to leave EU

On Feb. 8, former Chairman of the Federal Reserve Alan Greenspan announced in an interview that it is not worth the consequences for the Troika to fund or bailout Greece's financial crisis and that it is inevitable that the Southern European country will have to leave the Eurozone and go out on its own. Citing analysis from both sides of the debate, Greenspan alluded to the belief that both sides would bene ...

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Chinese rating agency predicts coming economic crisis worse than 2008

Few people realize that the Western financial banking system was just days away from complete and utter collapse back in 2008, but six years later, even fewer people understand that what was done during the bailouts and subsequent Quantitative Easing has made the coming day of reckoning much much worse. And in light of these events one institution from the Far East appears to be willing to call a spade a sp ...

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Colorado’s Pot Revenue Is So High The State May Be Forced To Give Residents A Share Of The Profits!

DENVER (AP) ‚ÄĒ Colorado's marijuana experiment was designed to raise revenue for the state and its schools, but a state law may put some of the tax money directly into residents' pockets, causing quite a headache for lawmakers. The state constitution limits how much tax money the state can take in before it has to give some back. That means Coloradans may each get their own cut of the $50 million in recreati ...

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Davos 2015 agenda item: Where can the elite go to hide from coming collapse

For years members of the Patriot movement and those who were intelligent enough to see the coming economic and social collapse have been ridiculed mercilessly by the media and even President Barack Obama (guns and bibles) for dedicating time, money, and energy towards building an offsite place of security, or as those in the know would call it, a bug-out location.  Additionally, the rise of the expatriate m ...

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U.S. dollar will not survive 2015 according to well known financial analyst

In the most recent publication of Dr. Jim Willie's Hat Trick Newsletter, the well known and accomplished statistician and financial analyst provided one of his most explosive forecasts yet, and it has to do with the solvency of the dollar and petro-dollar system. Looking at four key factors that have evolved over the past few years, the potential for Dr. Willie's prediction is quite high, especially as this ...

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