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US To Begin SEIZING Dormant BANK ACCOUNTS As Australia Steals $360,000,000

DO YOU HAVE A BANK ACCOUNT THAT YOU DON‚ÄôT ACTIVELY USE OR A SAFE DEPOSIT BOX THAT YOU HAVE NOT CHECKED ON FOR A WHILE? If so, you might want to see if the government has grabbed your money.¬† This sounds absolutely crazy, but it is true.¬† All over the world, governments are shortening the time periods required before they can seize ‚Äúdormant bank accounts‚ÄĚ and ‚Äúunclaimed property‚ÄĚ.¬† For example, as you will r ...

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Economist blames lack of economic recovery on failure of U.S. to be at war

First it was the weather, which was completely discounted after the dreadful May economic indicators proved the mainstream propaganda machine had jumped the shark in their attempts to deceive the public on the 'economic recovery'. Then it was the coming El Nino, which analysts tried to spin as being the cause of massive drought and growing price inflation that also has kept recovery from burgeoning. And now ...

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Spain becomes third EU nation to count hookers and blow in their GDP

First it was Italy, who desperately needed a boost to GDP to bring down bond yields.  Then it was Britain, who categorically made estimates of how much consumers spent on prostitutes and illegal drugs and then added it to their Gross Domestic Product. Now we can add Spain to the mix, who chose to get quite official and sent out surveys to black market retailers of illegal activity to determine just how much ...

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DEAD SET SHOCKER. I Wish I Was Posting This In The HOAX Forum, But IT’S TRUE

Aussie Government Steals 360 Million For Citizens Bank Accounts The federal government has bagged an unprecedented $360 million from household bank accounts since a controversial change to unclaimed money laws, Australian Securities and Investments Commission figures show. Pensioners and others saving for a rainy day have reported trying to access their savings only to discover their money had been seized b ...

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The Obama plan for the student loan bubble

When data and statistics are as manipulated and corrupt, as what comes out of the Executive Branch in U.S. government reports, it is not surprising that both Congress and the White House regularly respond to crises with a reactionary tone, and far past the point where simple solutions would have easily resolved the issue. For over two years, student loans have been the highest and by far largest consumer cr ...

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Pension shortfalls force states to put retirees money at risk

If there is one thing most politicians fail at, it is their ability to project and plan for the future, when it often more beneficial to their careers to sell out for today.  And because politicians for the most part are tied to 2-4 year election cycles, it rarely behooves them to make policies that are beneficial to constituents over the long run, and instead are more apt to sacrifice the future for their ...

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Russia adds another feather to its cap in war against the dollar

In the business world, there are three ways to conduct a transaction.  First, there is a negotiated plan where both sides achieve exactly what they want and are happy with the terms of the deal.  Secondly, there are deals that involve one side offering incentives to the other side, giving the second party a short-term advantage in the hopes by the first party that they will win out in the long-term. Then th ...

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ECB to kill savers with new Negative Interest Rate Policy

After two years of continuous jawboning, the head of the European Central Bank (ECB) finally acted and laid down a new policy that will destroy savers and anyone who wishes to protect their cash in the fiat currency system. On June 5, Mario Draghi lowered the interest rate for banks to a negative interest rate in an attempt to stave off the massive deflation that was creeping into the EU and in essence, kic ...

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U.S. Gasoline Consumption Plummets By Nearly 75%

Read this a couple days ago on ETF Daily News and frankly it left me dumbfounded. The article has since been picked up by ZeroHedge and as I've not seen it posted... well, here it is. Frankly after reading this twice I'm still not sure if this can be true but if it is then it is proof that the US economy is completely broken. Read the entire article and decide for yourself. Mods I placed this in the Global ...

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Fed patriarch Paul Volcker says its time for a new Bretton Woods

The original Bretton Woods conference of July 1944 was the primary foundation for the U.S. dollar becoming the global reserve currency during the final stages of World War II.  And while the original charter lasted until 1971 when President Nixon took the dollar off the gold standard, its significance and name has been used as a springboard for any future reserve currency discussions. On May 21 at the annua ...

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FDIC closes bank in Maryland bringing total number of failed banks in 2014 to 9

Slavie Federal Savings Bank., located in Bel Air, MD, was closed down by the FDIC on Friday, May 30.  This bank failure is the third one for the month of May and brings the total amount of bank closures in 2014 to nine. 5/30/2014 *** MD *** Bel Air *** Slavie Federal Savings Bank *** $6.6 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $6.6 million. If you were banking at ...

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Britain joins Italy in adding revenues from hookers and drugs to increase their GDP

Yesterday, the United States came out with their revised GDP numbers, and the world discovered that the largest economy in the world had a negative growth rate for the first quarter of 2014.  In fact, the actual number was so bad that it was nearly 4% worse than the lowest projected growth prediction made by analysts for this reporting period. So if the United States is now in negative growth, and for all i ...

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