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Russian Lawmaker Wants to OUTLAW US DOLLAR, Calls It a Ponzi Scheme

MOSCOW — Predicting the imminent collapse of the U.S. dollar, a Russian lawmaker submitted a bill to his country’s parliament Wednesday that would ban the use or possession of the American currency. Mikhail Degtyarev, the lawmaker who proposed the bill, compared the dollar to a Ponzi scheme. He warned that the government would have to bail out Russians holding the U.S. currency if it collapses. “If the U.S. ...

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Russian threat of dumping dollar could lead to $16 trillion collapse of economy

Talking heads and pundits will tell you that Russia's threat to sell their U.S. dollar reserves and confiscate assets should America or Europe choose to impose economic sanctions is not that big of a deal.  However, the corporate media misses one vital piece of information, and that is the possibility that should Russia begin dumping their treasuries en masse in the open market, then it could trigger an imm ...

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Russia throws economic sanction threats back at the U.S. and EU

There is a biblical proverb that says, the borrower is slave to the lender, and this reality is quickly availing itself on America as they attempt to threaten Russia with economic sanctions due to their invasion of Ukraine and Crimea.  However, as the harsh reality of the proverb goes, America would face more dire consequences than Russia would if the Euro-Asian superpower chooses to impose their own sancti ...

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FDIC ends February with two bank failures in Eastern U.S.

Millennium Bank, N.A., located in Sterling, VA, and Vantage Point Bank, located in Horsham, PA, were closed down by the FDIC on Friday, Feb. 28.  These bank failures are the only two for the month of February, and bring the total amount of bank closures in 2014 to five. 2/28/2014 *** VA *** Sterling *** Millennium Bank, N.A. *** $7.7 million dollar estimated FDIC DIF cost. 2/28/2014 *** PA *** Horsham *** V ...

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Grad Student Turns to HARDC0RE P0RN Career to Finance Education

Students at Duke University have spent the last few weeks all atwitter about a female freshman student who flies out to Los Angeles on occasion during school and leads a double life as a porn starlet. The porn-star-student was outed by fellow freshman Thomas Bagley, reports The Chronicle, Duke’s student rag. Bagley told The Daily Caller that the starlet divulged her secret to him (and that he did not recogn ...

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Can You Guess What Type of Voluntary Surgery the Male HIPSTERS Are SHELLING Out $7,000 for?

  Instant hipsterfication! The craze for $7,000 beard transplants takes off as men look to increase their 'cool factor'   The trend for all things hipster has triggered a surge in the number of facial hair transplants, surgeons say, with men willing to pay up to $7,000 to get instant stubble on their lunch break. Dr. Jeffrey Epstein, a top plastic surgeon based in New York City, told DNAinfo that ...

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What would you name the book that Chairman Bernanke is writing?

Now that the 'Printer in Chief', otherwise known as the former Chairman of the Federal Reserve is retired, the next thing on Ben Bernanke's agenda is to write and publish a book on his 12 years in office, and to detail the thought processes used during all of the different crises and monetary programs the Fed implemented during his tenure. In other words, like his predecessor Alan Greenspan, Bernanke wants ...

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EU tried to capitalize on Ukraine tragedy by offering money and austerity

Let's be honest here.  Whenever a central bank or Western government offers assistance to another nation the end goal is not Democracy or actual aid to the people, but a means to weasel in and wrest benefits that suit the so-called benevolent country.  When the U.S. provided aid, arms, and support to the rebels in Libya, little did these people know the ultimate goal was confiscation of the more than 140 to ...

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How Communist Dictator Kim Jong-Un Burned Though $716 Million in One Year, While Citizens Starve [W/ VIDEO]

Pianos, cars and a 1,000 person private theatre: How North Korean tyrant Kim Jong-un blew ÂŁ386MILLION in just a year while his people starved UN report details Kim Jong-un's wild spending frenzy on luxury items In 2012 $716 million (ÂŁ386 million) was spent - more than double his late father's budget Informant claims budget for items raised by trafficking ivory and underground alcohol UN Human Rights Council ...

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New reasons for Fed Taper: central bank buying nearly all govt. debt

One of the greatest signs that a currency stands on the cusp of hyper-inflation is when that nation's central bank is forced to, or is relegated to, buying all of the debt a particular nation is selling.  2013 saw a major shift in the transference of foreigners buying U.S. Treasury debt to now having the Federal Reserve pick up the slack, and by year's end the central bank was purchasing one and half times ...

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