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Death of the American Dream: Home ownership falls to lowest level in nearly 50 years

When it comes to both the government and the Federal Reserve, trusting any program to either of these agencies is a sure fire way to destroy an industry.  And just as former Fed Chairman Alan Greenspan helped create the housing bubble that burst confidence in home ownership, the latter two central bank heads have finally killed it entirely. On July 27, the U.S. Census issued its most recent home ownership d ...

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Market Paradox: Record gold purchases in Europe over weekend see prices climb by only .2%

If there was any debate on whether gold prices are being manipulated, all one has to do is look at Europe over the past 24 hours and you will be completely convinced.  Purchases of gold bullion in Britain, and from dealers all around the world by Greek, German, and other people's residing within the Eurozone, was more than double the historic average in the past few days.  Yet as of the market opens on June ...

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On possibly last days in eurozone, Greece to sign pipeline agreement with Russia

The nation of Greece is in total turmoil, with an IMF payment default already under their belt, and massive riots proliferating the country, the last days for the Southern European country in the Eurozone could be close at hand.  Yet even with chaos reigning throughout the region, members of the Greek government are now in St. Petersburg finalizing an agreement that will bring a pipeline into their country, ...

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Bank of America being investigated by the SEC for a form of re-hypothication on their customsers

The MF Global bankruptcy from a few years ago revealed the little known truth about Wall Street today, which is that brokers can and do use customer funds and accounts for their own profit to the detriment of their clients.  And while a futures trading firm is a little bit different than a standard broker like Bank of America, the SEC does not take putting customer accounts at risk lightly and investigating ...

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Italian comedian and activist Beppe Grillo says EU is already finished

On April 2, famed Italian comedian and political activist Beppe Grillo spoke in an interview with Russia Today on the state of the European Union, and on events occurring now between Germany, the Troika, and Greece.  During his interview, Grillo pulled no punches by saying that the EU has already collapsed as a coalition and that if the Union were as one, then Greece would have already been saved. RT: Is th ...

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Jim Willie: If the Fed ends Zero Interest rates it will destroy the big banks

2014 has been the year of the Federal Reserve acting like the European Central Bank head Mario Draghi in that they have talked alot about ending QE and their Zero Interest Rate policies (ZIRP), but heading into the end of the year the Fed has done neither.  And the primary reason for this according to statistician and founder the Hat Trick Newsletter Dr. Jim Willie, is that the big banks have become so reli ...

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U.S. is officially insolvent as it has more liabilities than the entire net worth of the country

A year ago, it was estimated that America's debt to GDP ratio was at 106%, or, that it owed in direct debt obligations more than the entire production capacity of the U.S. economy for one year.  But as with any company, corporation, or entity, as long as they have the collateral to backstop a loan, then it is highly likely that a bank will willingly provide all funds requested, even if it means at a high ra ...

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Ukraine government collapses as PM resigns and ruling coalition breaks

An interesting and inevitable conclusion came to pass on July 24 when the U.S. installed Kiev government in Ukraine collapsed today as Prime Minister Arseniy Yatsenyuk resigned and the two ruling coalitions broke apart.  This sudden fall of government is coinciding with an economic collapse that has led Kiev to be unable to pay soldiers fighting against Russian separatists in the East, and a budget that was ...

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Argentina on the cusp of default as elites put pressure on government to deal

June 30 has the potential for a domino to fall in the fragile system of global finance, which has been interlocked for more than two decades.  Today, Argentina has a bond payment due for $539 million, and for their insolvent Treasury, failure to pay could trigger a new economic collapse that even Pope Francis can't pray away from his seat at the Vatican. Argentina is poised to miss a bond payment today, put ...

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Convicted hacker to open new hedge fund to bring down U.S. banks

Back in 2005, the Discovery Channel aired a television series called, 'It takes a Thief', where a former burglar would break into the residences of average homes, then show them on video just how vulnerable their security systems and processes were.  This axiom of, 'it takes one to know one' philosophy is being put to the test as a newly freed former hacker is seeking to create a hedge fund with the sole pu ...

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$100 Trillion: World floats on a sea of debt

On March 9, the Bank of International Settlements (BIS) released its quarterly report and found that for the first time ever, global debt has reached $100 trillion, with 40% of that debt coming in just the past five years. Total global debt has exploded by 40% in just 6 short years from  2007 to 2013, from "only" $70 trillion to over $100 trillion as of mid-2013, according to the BIS' just-released quarterl ...

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Russian threat of dumping dollar could lead to $16 trillion collapse of economy

Talking heads and pundits will tell you that Russia's threat to sell their U.S. dollar reserves and confiscate assets should America or Europe choose to impose economic sanctions is not that big of a deal.  However, the corporate media misses one vital piece of information, and that is the possibility that should Russia begin dumping their treasuries en masse in the open market, then it could trigger an imm ...

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