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Gold price manipulation pushes mint supplies to the brink

No matter how much a government or central bank believes they can control every aspect of an economy, the natural laws of supply and demand will always rule markets, even during times of intervention and manipulation.  Since 2011, when the Federal Reserve used their proxy banks like J.P. Morgan Chase and Germany's Deutsche Bank to artificially lower gold prices through massive short selling, the gambit has ...

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Fed tapering beginning to exploit cracks in global financial system

On Jan. 25, trends forecaster Gerald Celente was a guest of King World News to speak on the economy, and the coming financial crises that are just beginning to show themselves in Asia, Europe and the U.S..  During his 15 and half minute interview, Celente pointedly stated that the Fed will have no choice but to taper, and continue to taper well into 2014, and that these actions will cause massive problems f ...

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FDIC closes second bank of 2014 in Oklahoma

The Bank of Union, located in El Reno, OK, was closed down by the FDIC on Friday, Jan. 24.  This bank failure is the second for 2014 and comes following a year where 24 banks were closed by the Federal agency. 1/24/2014 *** OK *** El Reno *** The Bank of Union *** $70 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $70 million. If you were banking at The Bank of Union in ...

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Unemployment rate soon to drop below 6% as 1.4 million people lose benefits

The government is never interested in facts, it is only interested in truth... and especially truth that makes their policies and agendas look good.  Which is why America stands on the brink of having 1.4 million jobless workers no longer be recognized in the economy, and the Obama administration potentially claiming a false victory as the unemployment rates could drop below 6% for the first time in several ...

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Fed can only provide 5 tons of gold to Germany after one year

Just one year ago, the central bank of Germany ordered the Federal Reserve and banks in France to repatriate their gold reserves of around 670 tons in a measure meant to restore confidence to their banking system.  However, it appears that the curtain of fraud has been uncovered with the U.S. central bank, as in 12 months time, the Fed has only been able to deliver 5 tons of what is rightly German property. ...

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Iran in talks with Russia to bypass petro-dollar in oil for goods deal

The stability of the petro-dollar took another new hit this week as a new deal being discussed between Iran and Russia to trade oil for goods is currently in the works between the two nations.  This agreement would entail 500000 barrels of oil per day to be shipped to Russia in exchange for Russian equipment and goods that might also include military armaments. Reports are emerging that Iran and Russia are ...

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FDIC closes first bank of 2014 in Chicago

DuPage National Bank, located in West Chicago, IL, was closed down by the FDIC on Friday, Jan. 17.  This bank failure is the first for 2014 and comes following a year where 24 banks were closed by the Federal agency. 1/17/2014 *** IL *** West Chicago *** DuPage National Bank *** $1.6 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $1.6 million. If you were banking at the ...

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Jim Willie: China trading Treasury Bonds for U.S. commercial property

Dr. Jim Willie is a statistician from Carnegie Mellon University and one of the leading forecasters of economic trends.  Over the past ten years, Dr. Willie has correctly called 20 different events that include the fall of Lehman Brothers and Fannie Mae three years before the event took place, the bursting of the housing bubble of 2007, and the advent of QE forever by the Federal Reserve. So with his creden ...

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New Gallup poll shows that Americans believe they are worse off than a year ago

On Jan. 15, Gallup published a new poll on economic confidence and discovered that 42% of all Americans believe they are worse now than from just one year ago.  In fact, the numbers show an 8% drop in confidence over the past 12 months when just 34% felt they were worse off than in 2012. More Americans, 42%, say they are financially worse off now than they were a year ago, reversing the lower levels found o ...

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*Updated* Beginning in April, Wells Fargo to charge $5 to customers for certain deposits

*Update* - Several sources are contacting Wells Fargo regarding this newly proposed policy, and are getting different responses.  One Representative has stated it is only for International transactions and deposits, while another Representative stated they had not heard of this expected change at all. On Jan. 13, customers of Wells Fargo bank received an incredible shock as many received letters from the in ...

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