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German finance minister Schauble seeks to save EU by demanding Italy and Greece continue austerity or leave EU

Now that the people of Italy have spoken through their rejection of a national referendum to restructure the government on Monday, the rest of the European Union is on high alert for what could be the next Exit event from the coalition.  And while it appears that the European Central Bank (ECB) earlier today followed the Fed's lead in bailing out and backstopping negative markets as was done following the e ...

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Italy votes no: Referendum vote leads to Renzi resignation and the Eurozone on edge regarding the future of the coalition

Just as June 23 went down in history as a red letter day for 2017, so too is Dec. 4 a pivot point for both Italy and the European Union.  This is because the people of the Southern European nation chose to vote against a constitutional restructuring of their government, and it now starts in motion several new events that could lead to a banking collapse, a discarding of the Euro currency, and the beginning ...

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November jobs report takes fake news to its ultimate end as rate goes down but people without jobs goes up

On Dec. 2 the Bureau of Labor Statistics (BLS) published their second to last jobs report for the Obama administration and the results are something even George Orwell would cringe over.  This is because the modest increase of 178,000 new jobs isn't even the real story within the report,  but rather the fact that the unemployment rate fell a whopping .3% simply because the government erased 446,000 people f ...

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It’s beginning to look alot like 2007 as subprime loan defaults, massive consumer debt, and housing sales mirror start of bubble crash

Over the past seven to eight years, interest rates have been a major factor in allowing consumers, investors, and the government to expand credit to historic levels.  In fact, the government had not been above 100% of debt to GDP since the credit expansion that was needed to fight during World War II. But the problem with debt is that a day of reckoning always comes due at some point.  And just like it did ...

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Zimbabwe proves that if you don’t drain the swamp, you will keep doing the same things over and over

Seven years ago, Zimbabwe ended their run at being the laughing stock of the monetary world when they ceased printing their 100 trillion notes and instead chose to use the dollar as their primary currency.  And over the past seven years the African nation has also switched from using the U.S. dollar to instead using the Chinese Yuan, experiencing only stabilizing effects without any real growth in their eco ...

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Early numbers are in and so far Black Friday 2016 is worse than last year

Unfortunately for most retailers, the 2016 Christmas shopping season is not off to a good start.  According to early numbers out from this year's Black Friday event, sales at brick and mortar stores are down 3.4% from last year, and this continues a trend of declines in store traffic over the past three years. On the other side, sales made with online purchases continue to expand and are moving ever closer ...

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New study shows that the Reworking of trade deals with China is not just a luxury, but now a necessity

The beginning of the end for America's middle class began during the late 1990's and is now on life support following eight years of Barack Obama as head of the country.  And in that time the one nation who has benefited the most from NAFTA and GATT is the one with the largest rising middle class in the world. China. Yet coupled with this decline in high paying jobs because of corporations offshoring labor, ...

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Internet shopping having huge effect this Black Friday as retail stores see severe drop in traffic

Over the past five years internet retail portals such as Walmart.com, Amazon.com, etc... have been slowly eating into the amount of traffic and sales volume for brick and mortar retailers during the Christmas holiday shopping season.  Yet for the most part, shopping online had not replaced the euphoria of America's Black Friday phenomenon where individuals were willing to wait days or even weeks outside of ...

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French bank believes dollar will be at par with Euro soon as conversion hits 105 handle on Nov. 23

On Nov. 22, France's third largest bank Societe Generale announced that they believe the dollar will soon be at par with the Euro currency, and quite possibly as early as April of 2017 when French elections are scheduled to take place. Over the past two and a half years the Euro has fallen from 1.38 to the dollar back in April of 2014 to an inter-day low below 1.05 in early 2015.  It then rebounded back ove ...

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EU drafts new law allowing for banks to suspend payments to creditors in the event of a crisis

When you see governments, regulators, or central banks institute new financial laws on very short notice then it should come as a warning sign to everyone that a financial or monetary crisis is very real, and very near. Last year the European Commission passed a law forcing every Eurozone nation to have to pass their own sovereign bail-in laws before December 31, and even threatened multiple countries who w ...

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Market chaos since Trump victory was already set in stone before election

Several alternative economists and financial analysts rightly predicted that the central banks and establishment financiers were holding off a financial collapse until after the election as a way to try to ensure Hillary Clinton won the Presidency.  And judging from the market turmoil occurring over the past two days since Donald Trump shocked the world, the dyke holding back the chaos appears now to have b ...

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After India’s Modi bans certain denominations of cash, the people look for ways to get rid of all their paper currency

If there is one thing that is an absolute certainty in this world it is that you do not mess around with a person's money in the country of India.  This is because for thousands of years the people have trusted more in physical gold than they have in paper currency, and at the drop of a hat will shed all confidence in government printed money. So when India's Prime Minister Narendra Modi suddenly and withou ...

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