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New Supreme Court ruling on pensions could pave way for government to take them over

In a new and what appeared on the surface to be a fairly innocuous Supreme Court ruling last week, the high court determined that employers do have the right and responsibility for ensuring company based 401K plans are managed well, do not have inordinate fees, and perform profitably.  However, within this decision regarding Tibble v. Edison International, the Court also added a bombshell that could lead to ...

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TEXAS TAKES A MAJOR STEP TOWARD SECESSION

VIA| Today the Texas Senate passed the TNM-backed HB 483, the Texas Bullion Depository, and will be forwarding it to the Governor’s office for his signature. The bill provides the legal framework to establish and administer an official state depository for precious metals. But it does much more than that. It sets up a mechanism so that Texas gold can be brought home. The bill, originally filed in the 83rd L ...

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China is on the edge of become a full fledged trade currency with IMF acceptance meaning potential end to the dollar

Over the past three years the Chinese Yuan (RMB) has grown as a global trade currency from a starting point of around 3%, to its current level of over 12%.  And with 60 central banks around the world investing in the Yuan, and 30 nations having direct currency swap lines for the RMB, China is right on the cusp of exploding into a full fledged trade currency to not only compete with the dollar, but to summar ...

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She Wrote A Letter To The Woman In Line Behind Her At The Grocery Store And It’s Beyond Powerful

Andrea is a mother of five and runs a wonderful blog she calls, True Stories of a Midwest Yankee. One of her latest posts about an experience at the grocery store is beginning to gain a lot of attention, touching the hearts of people all across the country. After reading it, you will see why… Dear woman behind me in line at the grocery store, You don’t know me. You have no clue what my life has been like si ...

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Can you still trust banks when the FDIC has less reserves to cover depositor losses than in 2008

We have already had examples of bank bail-ins.  We have had not just the United States, but all members of the G20 enact a resolution mandating legislation to allow for bank bail-ins, and the confiscation of customer deposits.  We have had the United States under Dodd-Frank declare your deposits as unsecured creditors, and at the lowest end of the scale for reimbursement in the advent of a bank collapse. We ...

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Elites work is nearly done as wealth inequality now reaches new all-time record

Just as the Patriot Act has done little to stop terrorism within the United States, so too has Dodd-Frank and bank bailouts not righted the ship following the 2008 credit crisis.  But in each of these laws is the underlying truth that they have accomplished exactly what Congress intended them to do, and that is to put the screws on the rights and liberties of the American people. For the Patriot Act, we now ...

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We are now once again at the peak of the new housing bubble

The bursting of the Housing Bubble in 2007 that signaled the lead-in to the overall stock market collapse and credit crisis was quantified by two key technical points.  First, home prices were far above their actual values, with bidding wars causing prices to escalate for even the most run down shack.  And second, a large portion of home buyers near the end were sub-prime mortgage borrowers who couldn't aff ...

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Is your bank account safe? Cyber-hacking on financial institutions increasing in 2015

On May 20 it was confirmed that cyber-hackers had broken into one of the district banks of the Federal Reserve, validating what many experts predicted will be a massive increase to state sponsored and rogue lone wolf electronic break-ins of banks and businesses in 2015. The St. Louis Federal Reserve website was hacked in April, causing a large portion of website traffic to be re-routed to a spoofed site and ...

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U.S. territory Puerto Rico on verge of bankruptcy as home to the I.R.S. close to bond default

As the mainstream media continues to parrot the faux economic recovery, one important territory within the United States has been absent in the Fed's artificial growth explosion.  And while Puerto Rico does not figure into the nation's unemployment and GDP growth numbers, the island protectorate does contain one of the most lucrative government facilities, which of course is the I.R.S. However, even the pri ...

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This is By Far The Funniest Way To Deal With Creditors I’ve Ever Seen

David Thorne is one of our personal favorite people. Here is an e-mail exchange he had with a creditor after him for an overdue account payment. Try your best not to laugh.   From: Jane Gilles Date: Wednesday 8 Oct 2008 12.19pm To: David Thorne Subject: Overdue account Dear David, Our records indicate that your account is overdue by the amount of $233.95. If you have already made this payment please co ...

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Europe looks East by hiring better educated Chinese workers to get foothold in future economy

It is pretty much a given that the American empire had peaked in the 20th century and is on the steep path of decline.  While at the same time, China is rising in ascension towards becoming the next leader of the global economy.  Yet besides the shocking move by most European countries in joining the Asian Infrastructure Investment Bank (AIIB) in April, it appears another shift is taking place, and lays bar ...

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German economists jump on the ‘end of cash’ bandwagon

They say that when something occurs a single time it is a coincidence. Then if it happens a second time it is a pattern.  But if the same event or philosophy occurs, or is promoted by numerous sources and from several different locations, then that thing has expanded fully into a trend. The war against cash, and in particular, the call to end the use of cash, has now emerged into a full fledged trend, and o ...

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