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Is the IMF trying to beat China in the creation of a new reserve currency?

Earlier this year, China announced that they will have their new SWIFT system fully functional by either September or October and can then fully float the Yuan currency worldwide.  Many are believing that once SWIFT is up for the world's largest economy then it will be the end of the dollar as the global reserve currency. However, a new report out from Stansberry Research is alleging that the IMF is not pla ...

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J.P. Morgan Chase accelerates war on cash by disallowing customers to keep money in safety deposit boxes

Excerpted from article over at To the Death Media: First it was a policy of reporting anyone who deposits or withdrawals more than $10,000 in cash.  Then a chief economist from Citigroup calls for the abolishment of cash entirely.  And now on April 21, J.P. Morgan Chase is unlawfully enacting a new policy where customers cannot store cash in their safety deposit boxes, nor will the bank allow customers to u ...

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Here’s What Happened When Maine Forced Welfare Recipients To Work For Their Benefits

US Herald - Maine finally took a bold step forward in welfare reform and it’s paying huge dividends. Last year Maine passed a measure that would require recipients of the Supplemental Nutrition Assistance Program, otherwise known as SNAP, to complete a certain number of work, volunteer, or job-training hours before being eligible for assistance. Main Governor Paul LaPage passed the measure last year and the ...

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New Greek capital controls shows why Karatbars is the solution to banks

As the Greek financial situation continues to deteriorate, their legislature on April 20 issued a new decree that forces all banks in the EU country to deposit all non-used cash into the central bank to both strengthen the primary lender of last resort, and to provide a means for Greece to leverage additional capital to issue more debt. Greece issued a legislative act on Monday requiring public sector entit ...

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If it wasn’t for America’s vassal state Japan, only the Fed would be buying U.S. debt

When China and Russia stopped buying U.S. debt and began dumping it through the offshore exchange known as Euroclear, the Fed needed someone else to step in to mitigate a complete monetization of their money printing activity.  So Washington called upon their only remaining vassal state capable of sucking new Treasury sales and conned Japan into replacing their pension funds with T-Bills. Japan now official ...

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Citigroup’s Chief Economist blames cash, not central banks, for world’s monetary problems

It doesn't really take that much to be an economist these days.  From the illustrious former Federal Reserve Chairman Ben Bernanke, to the Nobel Prize winning economist Paul Krugman, living the dream of being a celebrity while at the same time destroying economies and monetary stability is par for the course in an era when those who get it right are considered crackpots, and those who feed the needs of the ...

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Repercussions of negative interest rates leave European banks paying homeowners

In the normal instance of a loan or mortgage, a person will borrow money from a bank at a certain agreed rate of interest over the course of an agreed amount of time.  However, in this new Keynsian world of negative interest rates, the tables are completely turned and we are now seeing European banks paying homeowners instead of receiving interest from them, for a mortgage held on property. Welcome to Bizar ...

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U.S. tries newest ploy against AIIB… to discredit it

After being unable to stop long standing allies from joining the Chinese run Asian Infrastructure Investment Bank (AIIB) last month, the U.S. is now trying another one of their typical tactics to try and tear down an entity that would take power from their monetary hegemony.  That tactic is to discredit the new AIIB, or at the very least, attempt to make it into an extension of the World Bank and IMF which ...

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Greece names war reparation amount and calls upon Germany to pay $278 billion

In politics and diplomacy, the rule is to always make outrageous demands knowing that the other side will never agree to them, but in the hope that a consensus will be found somewhere in the middle.  And while Greece does have a partial legal leg to stand on in demanding reparations for the unlawful actions of Nazi Germany during the period of World War II, like the failure of the Wiemar Republic to pay off ...

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Italian comedian and activist Beppe Grillo says EU is already finished

On April 2, famed Italian comedian and political activist Beppe Grillo spoke in an interview with Russia Today on the state of the European Union, and on events occurring now between Germany, the Troika, and Greece.  During his interview, Grillo pulled no punches by saying that the EU has already collapsed as a coalition and that if the Union were as one, then Greece would have already been saved. RT: Is th ...

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California Judge Orders State to Pay for Inmate’s Sex Change

FOX NEWS - A federal judge on Thursday ordered California's corrections department to provide a transgender inmate with sex change surgery, the first time such an operation has been ordered in the state. U.S. District Court Judge Jon Tigar in San Francisco ruled that denying sex reassignment surgery to 51-year-old Michelle-Lael Norsworthy violates her constitutional rights. Her birth name is Jeffrey Bryan N ...

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Real or April fools? Greek Finance Minister has secret meeting to switch economy to Bitcoin

Sadly in the media, one has to vette stories even more than usual when they are published on April 1 each year, but it appears on the surface that this one may have some legs.  During a secret meeting held by the Greek Finance Minister when the Southern European nation reached the point of near insolvency, Yanis Varoufakis broached the idea of the government moving towards the use of Bitcoin as a national c ...

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