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Horrific jobs report appears to be the trigger for recession outlook from financial economists

Just a day after the worst jobs report since 2010 was published, financial economists from both J.P. Morgan and Deutsche Bank have put recession outlook on high watch. Recession models followed by both institutions show an economic recession for the U.S. economy crossing the danger point, and where these indicators have successfully forecast recessions for the last 45 years. This is what JPM said: "This mor ...

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June Fed rate hike chances crushed as new jobs collapse and uncounted non-workers soar

Over the past few weeks we have spoken alot on the Fed's use of public announcements by its cadre of regional Fed Presidents to try to sway markets into believing that the central bank was sure to hike interest rates in either June or July.  And of course, inside most of this rhetoric is the single key component that is normally ignored by the computer algorithms that make up 75% of all trades, and that bei ...

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Payday loans: American workers can now owe their souls to the company store

A classic American song that originated in 1946, but was made famous by Tennessee Ernie Ford nine years later, speaks on American workers in the mining industry who were forced to use their wages in the mining company's store, leaving them eternally in debt and eternally slaves to their jobs.  And while this song's origins come from a real time in America's history, as usual that same history is coming back ...

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As the Fed jawbones recovery and normalizing interest rates, debt defaults at highest levels since December

Nearly all alternative media economists have gone public to state that it is both unlikely, and irrational for the Federal Reserve to raise interest rates now, and in the near future.  And this despite the central bank's recent jawboning on mainstream television of a potential rate hike as early as next month. But the problem is that the Fed and other central banks have waited too long, and gone too far in ...

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U.S. Postal Service could create own crypto-currency as they study the blockchain for corporate use

Blockchain technology is a revolutionary advent which has opened the door for a return to peer-to-peer transacting after decades of centralized control.  In fact, besides the most well known use of the blockchain through the crypto-currency called Bitcoin, banks such as J.P. Morgan are coordinating with a former employee (Blythe Masters) to help expand the digital construct into applications which could be ...

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Switzerland just weeks away from a vote to bring about the ultimate in state welfare

Democratic candidate Bernie Sanders loves to push nations like Sweden and Denmark as being the ideal models of socialist economies.  Of course, he refuses to acknowledge places like Venezuela, which are now in the final bloody days of their own Socialist experiment. And while a modicum of safety net benefits are necessary for any society to protect those who either cannot work, or are in transition between ...

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Is there any security in the markets that Deutsche Bank didn’t manipulate?

As more information comes out regarding the investigation into Deutsche Bank, we have to wonder if there are any securities out there that the German investment bank didn't rig and manipulate.  That is because on top of the acknowledgement last month that they rigged the gold and silver markets for several years, on May 23 it has now been verified that Deutsche Bank also rigged stocks. Since the U.S. began ...

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Millennials partying on taxpayer money long before the rise of Bernie Sanders

Before there was Bernie Sanders there was Barack Obama, who throughout his eight years in office has been the benefactor of free stuff long before the current Presidential candidate for the Democratic party began running on a platform of cradle to grave welfare.  And whether it was free Obama phones or free Obamacare to the poorest in the land, perhaps the biggest 'free' gift the commander-inf-chief gave to ...

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Obama’s new overtime labor law is a punishment to businesses who chose out of Obamacare

There is a reason why a former leading psychiatrist and now political analyst alleges that President Barack Obama is a severe narcissist, because one of his traits is being extremely vindictive towards anyone and anything that disagrees with him or his policies.  Case in point, the complete destruction of the coal industry in the United States when businesses in the energy sector chose to scoff at his bankr ...

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March saw global central banks dump dollars at a record clip

Since the middle of 2015, global central banks have been dumping Treasuries and other dollar reserves at record levels to accommodate a number of different needs within their own monetary policies.  For some like China, the dumping of dollars has helped the Far East economy protect their currency and ensure exports remain at the lowest costs achievable.  And for nations like Russia and Saudi Arabia, the sel ...

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Watch Venezuela, Because Food Shortages, Looting And Economic Collapse Are Coming To America Too

The full-blown economic collapse that is happening in Venezuela right now is a preview of what Americans will be experiencing in the not too distant future. Just a few years ago, most Venezuelans could never have imagined that food shortages would become so severe that people would literally hunt dogs and cats for food. But as you will see below, this is now taking place. Sadly, this is what the endgame of ...

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Mainstream wonders why consumers aren’t spending because they don’t actually look at the data

Many Americans by now know that the mainstream media is little more than a propaganda tool of the banks and government, and they rarely if ever report on actual data that could deter from their agenda of ensuring the public believes everything is fine.  This has been true in many facets, whether it is the whitewashing of the actual unemployment rate, or by having the President go on air and call anyone who ...

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