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Former head of the SEC comes clean and admits market is rigged

Although absolution is indeed good for the soul, it does little to help those who were pillaged while fraud and corruption took place under a director's watch.  And while new revelations by former SEC chief John Ramsay on March 10 validate that the market is a rigged game and programmed to benefit insiders over all other investors, it does little to alleviate the carnage that has helped create the worst wea ...

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The 10 Best Cities to Live Rich on a Dime (So You Can Make Your Dreams Come True!)

Admit it. You’ve wondered more than once… Is there a better life out there? You work your butt off every day, but just paying for the essentials becomes more difficult with every passing month. And what about your dreams? Will you be able to start your own business, send your children to college, or live the life you always wanted? And you can’t help thinking … Is there a smarter way of doing things? A way ...

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Unemployment rate falls again as record number of Americans not counted by government

Investors, high frequency trading algorithms, and low IQ watchers of CNBC are easily enamored when the ministry of propaganda, otherwise known as the Bureau of Labor Statistics, pops out a new report showing a decrease in the unemployment rate.  But for those 92 million Americans without a job and considered persona non grata by the government, they are relegated to being a part of the record number of peop ...

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Even Americans no longer see themselves as the global economic superpower

In a new Gallup Poll out on March 2, only 17% of Americans believe that the U.S. is the world's number one economy that reigns globally as the primary economy superpower.  In fact, 80% of those polled believe the U.S. is just one of many economic powerhouses, validating that that integrated global system is now a daily reality in the American psyche. While half of Americans say it is important for the U.S. ...

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Bank closure in Puerto Rico will cost FDIC three quarters of a billion dollars

Doral Bank, located in San Juan, Puerto Rico, was closed down by the FDIC on Friday, Feb. 27.  This bank failure is the second for the month of February and is the fourth overall bank closure for 2015. 2/27/2015 *** Puerto Rico *** San Juan *** Doral Bank *** $748.9 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $748.9 million. If you were banking at Doral Bank in San Ju ...

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How much more global debt will it take before the end comes?

As we continue into the early part of 2015, global stock markets around the world are touching upon new all-time highs, and investors are praising central bankers as the saviors of the economy once again.  But since we already know that central banks own more than half of all stocks in the different equity markets, the real question people need to ask in their euphoria is when will be the day that the piper ...

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The next major hit to the dollar occurs as Russia connects 91 institutions to SWIFT alternative

With most of the world having to use the Western based SWIFT system to perform global currency transactions, the U.S. has dominated the world's financial system for more than 70 years.  And because of that dominance,  America has used their control over SWIFT as a weapon to economically attack nations who opposed their national agendas. However, since the middle 2013 this is slowly begun to change.  And in ...

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Greece rejects latest bailout options declaring they won’t be a debt colony to EU

As time rushes towards the drop dead date of Feb. 28 for the Greek debt reconciliation, the Eurozone is quickly finding that negotiations with the new government are far more difficult than they were in accomplishing a Ukrainian ceasefire.  And with Prime Minister Tsipris stating that the absurd offers coming from the Troika are non-negotiable and non-starters, the rhetoric has even reached the point where ...

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Azerbaijan becomes newest country to de-peg their currency from the dollar

On Feb. 16, the nation of Azerbaijan became the newest country to de-peg their currency from the dollar and will going forward use a basket of currencies that include the Euro to help provide better economic stability. Over the past few years, several countries including Zimbabwe, South Africa, Russia, and Venezuela have either de-pegged their currencies from the dollar, or are in the process of cutting the ...

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FDIC closes bank in Georgia bringing the number of bank failures in 2015 to three

Capital City Bank & Trust Company, located in Atlanta, GA, was closed down by the FDIC on Friday, Feb. 13.  This bank failure is the first for the month of January and is the third overall bank closure for 2015. 2/13/2015 *** GA *** Atlanta *** Capital City Bank & Trust Company *** $88.9 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $88.9 million. If you were ba ...

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GUESS WHAT HAPPENED THE LAST TIME THE U.S. DOLLAR SKYROCKETED IN VALUE LIKE THIS?…

Over the past decade, there has been only one other time when the value of the U.S. dollar has increased by so much in such a short period of time Over the past decade, there has been only one other time when the value of the U.S. dollar has increased by so much in such a short period of time. That was in mid-2008 ‚Äď just before the greatest financial crash since the Great Depression. A surging U.S. dollar a ...

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Former Fed Chair Alan Greenspan believes Greece has no choice but to leave EU

On Feb. 8, former Chairman of the Federal Reserve Alan Greenspan announced in an interview that it is not worth the consequences for the Troika to fund or bailout Greece's financial crisis and that it is inevitable that the Southern European country will have to leave the Eurozone and go out on its own. Citing analysis from both sides of the debate, Greenspan alluded to the belief that both sides would bene ...

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