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China docks war ship in Iran as Petro-Yuan goes head to head with Petro-Dollar

The proxy war for control over the global reserve currency heated up another notch on Sept. 21 as China sailed a destroyer through the Straits of Hormuz and docked in an Iranian port just miles away from an American fleet docked in the UAE.  The meaning behind this move is not mysterious as China is quickly drawing the line that U.S. sanctions on one of their oil partners will no longer be tolerated, and th ...

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National debt has climbed an additional $1 trillion since debt ceiling was removed

While the American people continue to question the so called economic recovery, an overlooked aspect of the U.S. budget is no longer getting much press since Congress voted to remove the debt ceiling and allow the President to borrow money from the Fed as he sees fit.  And while Obama supporters in the media continue to prop up stories of how the President has lowered the budget deficit, the fact remains th ...

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Mises economist shows that the Fed will never be able to raise interest rates

Several months into Fed Chairman Janet Yellen's term as head of the U.S. central bank, the controlling monetary body has been implementing a slow but steady form of pullbacks to their Quantitative Easing (QE) program.  And despite the Fed attempting not one, not two, not three, but four different forms of dollar monetization since the credit crisis of 2008, the one area they have not touched in the past six ...

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Meet The Puppetmasters: Here Are The 25 Most Politically Influential Billionaires In The US

It has been said, correctly, if only by those who see beyond the false "left-right" paradigm, that those who call the shots in US politics, and thus American socio-economics, are not so much America's lobbying corporations, but the people behind the corporations - i.e., those who have the money... all of it. Obviously, nobody has more money than America's billionaires. So who are the true puppetmasters who ...

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Except for healthcare and education no net jobs have been created in economy

Did you ever wonder why Obamacare and Student Loans are so important to President Obama while actual employment in industries like coal, manufacturing, and computer engineering have received little or no support?  It became apparent recently when former Congressman and Director of the Office of Management and Budget (OMB) David Stockman made the bold statement on Sept. 8 that not a single net job has been c ...

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5 Very Common Myths About the US Minimum Wage

Minimum wage¬†has been a hotly contested topic since it was first introduced in Washington in 1912. It started as a state-by-state initiative ‚ÄĒ¬†until the¬†first¬†federal minimum wage¬†was instituted in 1933, at 25 cents per hour. The¬†federal minimum wage¬†was quickly ruled unconstitutional until 1938, when Congress passed a law allowing for afederal minimum wage, again setting the minimum at 25 cents per hour. T ...

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Former Chief Economist for Obama comes out calling for end of the dollar

Back in August, a former chief economic for President Obama wrote an op-ed on the stability of the dollar, and its role today as the global reserve currency.  In his breakdown of the historical use of the dollar in American finance, Jared Bernstein asserted that while in the past the dollar was a benefit which allowed U.S. prosperity to grow, today it has become a burden which forces the central bank into a ...

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It’s a temp job world, and you’re living in it

On Sept. 5 the Bureau of Labor Statistics, or known in the alternative economy as the Bureau of Lies and Slight of Hand, issued its August jobs report for the country.  But unlike the month of July which summarily blew away all forecasted predictions, the August numbers were 'just a bit outside' as the economy only created 142000 when mainstream analysts were predicting no less than 200000. But the real cru ...

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There is only one loser in the proxy war between U.S. and Russia and it is Europe

Like most government reports, many important indicators are paired down to three letter acronyms that tend to diminish their value, and become easily glossed over by those who either invest from that data, or simply ignore it like the general public.  But for very important economic indicators such as the Purchasing Managers Index (PMI), the data can be not only vital to an individual nation's economy, but ...

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Government so afraid of Americans leaving they jacked up price to emmigrate

While not on the scale of Mexicans and other Central American aliens flocking to to the U.S. for the opportunity for jobs and free benefits, the first six months of 2014 has seen more Americans give up their citizenship to emmigrate elsewhere than all of 2013 combined.  And with more and more people thoroughly disgusted with the direction for both the political and economic futures in the land of the free, ...

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QuickTrip Which Looters Burnt To The Ground Will NOT Be Re-Build in Ferguson

Well, the fools who destroyed their own neighborhood during riots in Ferguson, Missouri after a teenager was killed by a police officer there have made their own neighborhood into a lesser place. The one convenience store and gas station they had in their area, the one burned down, will not be rebuilt. The QuickTrip, the famed convenience store that Michael Brown robbed moments before he was confronted by a ...

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What is inversion, and why are U.S. companies using it to move offshore?

In last weeks business news we saw the major story of U.S. fast food company Burger King finalizing a merger with Canadian powerhouse Tim Hortons in which Burger King will use this deal to shuttle its company headquarters out of the U.S., and into Canada for all intents and purposes.  The objective here of course is to get out from under the draconian corporate tax structure the U.S. currently operates, wit ...

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