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Helicopter Ben goes to Switzerland as people to vote on getting monthly government payouts

It is becoming more and more apparent that the entire global financial system is rushing headlong into a titanic collapse sometime in the future, and governments along with central banks are willing to do anything to extend it as far as it can go.  This of course means that at certain points along the way they need to use more and more drastic measures in order to stimulate spending. Starting late in 2015, ...

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GDP for 4th quarter comes in below 1%, and would have been negative without forced Obamacare tax

Although we have mentioned it several times, the primary factors that make up U.S. GDP are consumer spending, and government spending.  Combined these two categories within the Gross Domestic Product account for 85% of the total production numbers. So when 4th Quarter GDP growth came in at less than 1% on Jan. 29 (.69%), it validated that sales over the holiday shopping season were incredibly dismal, and th ...

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Double whammy: Influx of immigrants into Europe are job seekers moving into recessionary markets

By now most intelligent people have realized that the influx of millions of 'refugees' into the Eurozone are not casualties of the Syrian conflict, but opportunists seeking better economic conditions than what they had in their Middle Eastern or East European country's.  And what makes this disaster even greater is that these 'job seekers' are coming at a time when most of Europe is falling into a economic ...

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Goldman Sachs fined only $5.1 billion for causing 2008 financial crisis

It pays to know the right people when it comes to most things in life, and this axiom cannot be said any better for the financial institution known as Goldman Sachs.  Seven years ago, the bank that feeds executives into the highest levels of government and central banks should have gone bankrupt and disappeared like Bear Stearns and Lehman Brothers.  But thanks to one of their own being in the position of U ...

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Flint Residents Told That Their Children Could Be Taken Away If They Don’t Pay For City’s Poison Water

Flint, MI – As the water crisis in Flint deepens, it is becoming apparent that the effects of the lead-infested water are not just a health hazard, but the situation has the potential of ruining many more lives outside of the poison issue. There is no denying that the water in Flint is undrinkable and that it is contaminated with lead and other substances, and it is clear that the government of Flint is res ...

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Venezuela past the point of no return, expected to be next hyper-inflationary state

It has been about a decade since the last instance of true hyperinflation rocked a nation state, with Zimbabwe becoming the most recent 'Weimar Republic' example in the global economy.  And while their solution was to simply stop printing their local currency and transition into using dollars (and now Yuan) as their domestic medium of trade, their overall impact on the global economy was relatively negligib ...

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In all the fear over lower oil prices, few are talking about its impact on the dollar

When the U.S. signed its 1973 agreement with the House of Saud to peg oil to the dollar, few tended to realize that the opposite would be true, and that the dollar itself is intrinsically tied to oil and the price of this commodity.  It is one of the reasons why Kissinger had the Saudi's (and OPEC) increase the price three fold so that this inflation would allow the U.S. to then increase the nation's money ...

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Former Chief economist for the BIS says economy is now worse than in 2007

For more than two years, economists in the alternative media have been warning of a coming economic meltdown that would be worse than the Credit Crisis of 2008 simply because the debts are much bigger, and the underlying problems that led to that crisis have never been addressed.  And now in early 2016, more and more mainstream analysts are jumping onto this bandwagon, with the former Chief Economist for th ...

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IMF pumping out declines in global growth forecasts like central banks print money

On Jan. 19, the International Monetary Fund (IMF) cut its forecast for global growth for the third time in less than a year, validating that the largest financial centers in the world have little idea on what is actually occurring within the global economy. The IMF's cut follows today's announced decline in China's GDP, and last Friday's Atlanta Fed announcement that they were cutting estimates on U.S. GDP ...

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France becomes second nation in a week to call for a State of Economic Emergency

Late last week the President of Venezuela announced a 60 day State of Economic Emergency as their financial situation continued to deteriorate due to the decline in oil prices.  And now on Jan. 18, the European nation of France has joined in the festivities and called for their own State of Emergency. French President Francois Hollande issued the economic decree in an attempt to circumvent the continuing do ...

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Think $30 oil is bad? Get ready for $20 now that Iran has officially re-entered the market

Saturday the 16th of January was officially D-Day for the collapsing oil markets as it is now the time for Iran to enter in with its sanction held supplies, and prepared coming production.  And if the world economy thought Friday's $29 oil was bad for markets, just wait for what the introduction of Iranian supplies does for these markets going forward. For nearly a decade, economic sanctions against Iran ha ...

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Venezuela in crisis: Oil nation put into 60 day state of economic emergency

Last week we focused on Canada, and the economic crises that has exploded across that country due to low oil prices, and massive debts created in the building of a housing bubble.  And with markets crashing all across the world over the first 17 days of 2016, the situation in another oil producing country is also dissolving into economic crisis. On Jan. 15, Venezuelan President Nicolas Maduro declared a 60 ...

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