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Ratings agency downgrades Chicago as years of bad fiscal policies with pensions comes home to roost

One of the biggest problems with the majority of politicians coming from the lawyer class is that they have little idea about fiscal responsibility and economics, or any understanding of the consequences that come from promising the world to voters in order to get re-elected.  In fact, Washington is not only known for trying to buy votes from constituents with ever increasing benefit programs, but they are ...

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Q1 GDP estimates throw Yellen’s plan for future rate hikes in the crapper

On March 29, Fed Chairman Janet Yellen spoke at the Economic Club of New York to give a little more insight to the central bank's future plans for monetary policy.  And in what was a mish-mash of contradictory points provided by the Fed Chair, where in one instance she praised the economy as being good while shortly after called for caution due to uncertainty in that same economy, it appears that data annou ...

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America’s economic decline: 23% of all 23-54 year old workers unemployed

Imagine a family farm, which is run by two older patriarchs and the families of their offspring.  Now picture that the total amount of potential workers living on that farm is 6 out of a total of 10 people living there, with two being the elder parents, four being their two children and their wives, and the other four being grandchildren too young to account for much in labor. Now imagine that one of the fo ...

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EBT absurdity: Welfare recipient attempts to purchase automobile with food stamp card

As America transformed into a society of political correctness, and where taxpayer funded programs and modifications were created to try to lessen the stigma of being on welfare under the auspices of providing 'dignity' to the less fortunate, it has done little to stop the underlying fact that if someone can defraud a system and get away with it, they will.  And there is no better example of this than what ...

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Wall Street continues to applaud return in stocks as rest of economy remains in recession

As we have mentioned many times before here, the stock markets are not the economy and have little to do with the overall strength of the nation's fiscal and productive capacity.  And while Wall Street continues to parade every single tick up that has just now brought equity markets back to where they were before their January declines into Bear market territory, all one has to do is to have listened to Jan ...

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Foreigners dump dollars in January at the highest rate on record

From August of last year through December, foreigners dumped more than $550 billion in dollar based assets as the demise of the petrodollar in global trade continues to expand.  And as we begin 2016, a new report out for January shows that more treasuries were dumped in that month alone than in any month on record. The previous high of $48.1 billion in treasuries sent back to the U.S. was shattered in Janua ...

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Are you prepared for the five stages of economic collapse?

(NaturalNews) There's no shortage of experts and observers warning of an impending economic collapse ‚Äď and for good reason. The United States ‚Äď along with the rest of the world ‚Äď is mired in deep and nearly insurmountable debt. The economy is not truly recovering, despite what we are being told. Bankers are playing high stakes casino games in the form of derivatives, and the whole house of cards threatens t ...

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Following #blacklivesmatter protest at University of Missouri, enrollment falls by 25% for next semester

Last year during the fall semester of school, a massive protest involving racial bylines wreaked havoc on the campus of the University of Missouri.  And before the smoke had cleared, the University President had stepped down, and a liberal adjunct professor was fired. But like in Ferguson, MO, and Baltimore, MD after paid activists nearly destroyed sections of both cities in what would become the #blacklive ...

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Finland to discuss whether to leave the Euro currency

First there was Greece (Grexit), who looked long and hard at leaving the Eurozone during last year's financial crisis.  And that discontent is being followed up now in Britain (Brexit), who is expected to propose a referendum to have a vote on whether to stay or leave the union sometime in 2017. And with Mario Draghi and the European Central Bank (ECB) taking interest rates down to zero on Thursday, and in ...

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FDIC closes first bank of 2016 in Wisconsin

On March 11, the FDIC closed down is first bank for 2016 as North Milwaukee State Bank shuttered its doors.  This institution is also the first bank failure in over five months, when Hometown National Bank was shuttered last October. This bank failure is the first for the month of March and brings the overall number of bank closures in 2016 to 1. 3/11/2016 *** Wisconsin *** Milwaukee *** North Milwaukee Sta ...

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ECB head Mario Draghi validates that markets are tied to interventions, not fundamentals

On March 10 the European Central Bank (ECB) issued its highly anticipated policy announcement, and the shift from simply watching market action from the shadows is now over.  This is because ECB head Mario Draghi rocked the financial world with a Euro denominated bazooka, and proved once again that markets no longer function on fundamentals, but instead on credit based interventions. Although not quite goin ...

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Even Rothschild is admitting the economy is in distress

Over the past few weeks we have had several major banks and hedge funds play down the recent stock market rally, and affirm that the bear market trend that started in January still has further to go.  And now on March 6, one of the highest of the elite went public and joined his voice to the growing mainstream chorus that 2016 will be one of financial and economic turmoil. Jacob Rothschild, who is CEO and m ...

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