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WHY ARE THOUSANDS OF MILLIONAIRES FLEEING CHICAGO AND OTHER MAJOR CITIES AROUND THE WORLD?

VIA/The elite are fleeing major cities around the globe at a staggering rate. In fact, the Chicago Tribune is reporting that approximately 3,000 millionaires left the city of Chicago alone during 2015. The same study discussed in that Chicago Tribune article found that 7,000 millionaires left Paris, France last year. So why is this happening? Why are thousands of millionaires suddenly packing up and moving ...

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FDIC study determines most large American banks not ready for next financial crisis

On April 13, the FDIC issued a new report from a study they made regarding the ability of major U.S. banks to deal with a systematic financial collapse.  And in their findings, the FDIC is reporting that 5 of the 8 'too big to fail' banks do not have feasible plans in place to stave off a crisis, and in fact are geared towards the expectation that the government and taxpayers will bail them out once again. ...

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Who needs Bernie? Americans spend more on taxes than on food, clothing, and shelter

Independent/Democratic candidate for President Bernie Sanders has been running on a platform of not just tax the rich, but pretty much tax everyone more to pay for his $18 trillion program of full blown Socialism.  But what the old man from Vermont who never worked an honest job in his entire life is failing to see is that as Americans rush towards tax day less than a week from now, they already give away t ...

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U.S. becoming desperate to hold on to their power over global financial system

Empires and the elite never relinquish power easily, and are often willing to cause extreme harm to the system itself to try to hold onto their control.  And while we have seen this exhibited over the past few years in the form of economic sanctions (Russia), tariffs (China), sovereign overthrows (Libya, Syria, Ukraine), and secret trade agreements (TPP, TTIP), the fact of the matter is the world is in cycl ...

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Economic growth falling fast as Atlanta Fed revises GDP estimates for 3rd time in less than a month

On April 8, the Atlanta Fed downgraded their Q1 GDP estimates for the second time in less than a week, and for the third time within the past 30 days.  And this comes just as earnings season for Wall Street companies are about to begin next week. Since beginning the year with an announcement that GDP growth for the first quarter of 2016 would be above 1%, and calling for growth as high as 2.6% as recently a ...

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CFR President acknowledges that America’s massive debt will lead to the end of the dollar as global reserve currency

While only a small number of Americans actually understand that the Council on Foreign Relations is one of many institutions that act as the 'power behind the throne' for the U.S. and other Western governments, what is most important for the people who reside in these nations under their control is when they publicly disclose policies or agendas that will play an important role for their futures.  And on Ap ...

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California and New York ready to join Seattle in destroying jobs with new minimum wage laws

Economics is a social science, and as such it can be greatly affected by the emotional demands of a given people or culture.  And just as the government, Federal Reserve, and Wall Street helped create the political climate of the 2016 election through their full buy-in of crony capitalism, so too are states signing their own economic 'death warrants' by giving into the demands of a $15 minimum wage. Last ye ...

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Chicago’s historic gun violence a consequence of economics, not too many guns

It is probably no coincidence that the location which spawned both Barack Obama's Presidential bid, and his former Chief of Staff Rahm Emmanuel who now serves as its current mayor, is suffering a combination of economic collapse and historic violence among its citizens and government agencies.  And while liberal diatribe attempts to incorrectly call the mass number of homicides occurring within Chicago a sy ...

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IMF discusses creating a financial collapse event in Greece according to new Wikileaks report

In the continuing saga of Eurozone financial difficulties, Greece continues to be the linchpin for the economic Troika of the IMF, European Commission (EC), and European Central Bank (ECB) to hold the line against sovereign nations potentially defaulting on their debts and subsequently exiting from EU control.  And in a new Wikileaks data dump on April 2, it appears that members of the IMF were caught discu ...

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Jobless claims jump to highest rate in two years, bringing new questions on recession

Contrary to the 'head on the sand' rhetoric that is coming from the Fed and mainstream business news regarding jobs, employment, and how the economy is really doing, the bottom line numbers have already signaled recession in the manufacturing side of the economy, and all that remains is for the service sector to hop on board.  But as the central bank Chair earlier this week pointed towards uncertainty in th ...

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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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