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CFR President acknowledges that America’s massive debt will lead to the end of the dollar as global reserve currency

While only a small number of Americans actually understand that the Council on Foreign Relations is one of many institutions that act as the 'power behind the throne' for the U.S. and other Western governments, what is most important for the people who reside in these nations under their control is when they publicly disclose policies or agendas that will play an important role for their futures.  And on Ap ...

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California and New York ready to join Seattle in destroying jobs with new minimum wage laws

Economics is a social science, and as such it can be greatly affected by the emotional demands of a given people or culture.  And just as the government, Federal Reserve, and Wall Street helped create the political climate of the 2016 election through their full buy-in of crony capitalism, so too are states signing their own economic 'death warrants' by giving into the demands of a $15 minimum wage. Last ye ...

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Chicago’s historic gun violence a consequence of economics, not too many guns

It is probably no coincidence that the location which spawned both Barack Obama's Presidential bid, and his former Chief of Staff Rahm Emmanuel who now serves as its current mayor, is suffering a combination of economic collapse and historic violence among its citizens and government agencies.  And while liberal diatribe attempts to incorrectly call the mass number of homicides occurring within Chicago a sy ...

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IMF discusses creating a financial collapse event in Greece according to new Wikileaks report

In the continuing saga of Eurozone financial difficulties, Greece continues to be the linchpin for the economic Troika of the IMF, European Commission (EC), and European Central Bank (ECB) to hold the line against sovereign nations potentially defaulting on their debts and subsequently exiting from EU control.  And in a new Wikileaks data dump on April 2, it appears that members of the IMF were caught discu ...

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Jobless claims jump to highest rate in two years, bringing new questions on recession

Contrary to the 'head on the sand' rhetoric that is coming from the Fed and mainstream business news regarding jobs, employment, and how the economy is really doing, the bottom line numbers have already signaled recession in the manufacturing side of the economy, and all that remains is for the service sector to hop on board.  But as the central bank Chair earlier this week pointed towards uncertainty in th ...

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Ratings agency downgrades Chicago as years of bad fiscal policies with pensions comes home to roost

One of the biggest problems with the majority of politicians coming from the lawyer class is that they have little idea about fiscal responsibility and economics, or any understanding of the consequences that come from promising the world to voters in order to get re-elected.  In fact, Washington is not only known for trying to buy votes from constituents with ever increasing benefit programs, but they are ...

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Q1 GDP estimates throw Yellen’s plan for future rate hikes in the crapper

On March 29, Fed Chairman Janet Yellen spoke at the Economic Club of New York to give a little more insight to the central bank's future plans for monetary policy.  And in what was a mish-mash of contradictory points provided by the Fed Chair, where in one instance she praised the economy as being good while shortly after called for caution due to uncertainty in that same economy, it appears that data annou ...

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America’s economic decline: 23% of all 23-54 year old workers unemployed

Imagine a family farm, which is run by two older patriarchs and the families of their offspring.  Now picture that the total amount of potential workers living on that farm is 6 out of a total of 10 people living there, with two being the elder parents, four being their two children and their wives, and the other four being grandchildren too young to account for much in labor. Now imagine that one of the fo ...

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EBT absurdity: Welfare recipient attempts to purchase automobile with food stamp card

As America transformed into a society of political correctness, and where taxpayer funded programs and modifications were created to try to lessen the stigma of being on welfare under the auspices of providing 'dignity' to the less fortunate, it has done little to stop the underlying fact that if someone can defraud a system and get away with it, they will.  And there is no better example of this than what ...

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Wall Street continues to applaud return in stocks as rest of economy remains in recession

As we have mentioned many times before here, the stock markets are not the economy and have little to do with the overall strength of the nation's fiscal and productive capacity.  And while Wall Street continues to parade every single tick up that has just now brought equity markets back to where they were before their January declines into Bear market territory, all one has to do is to have listened to Jan ...

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Foreigners dump dollars in January at the highest rate on record

From August of last year through December, foreigners dumped more than $550 billion in dollar based assets as the demise of the petrodollar in global trade continues to expand.  And as we begin 2016, a new report out for January shows that more treasuries were dumped in that month alone than in any month on record. The previous high of $48.1 billion in treasuries sent back to the U.S. was shattered in Janua ...

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Are you prepared for the five stages of economic collapse?

(NaturalNews) There's no shortage of experts and observers warning of an impending economic collapse ‚Äď and for good reason. The United States ‚Äď along with the rest of the world ‚Äď is mired in deep and nearly insurmountable debt. The economy is not truly recovering, despite what we are being told. Bankers are playing high stakes casino games in the form of derivatives, and the whole house of cards threatens t ...

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