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It’s beginning to look alot like 2007 as subprime loan defaults, massive consumer debt, and housing sales mirror start of bubble crash

Over the past seven to eight years, interest rates have been a major factor in allowing consumers, investors, and the government to expand credit to historic levels.  In fact, the government had not been above 100% of debt to GDP since the credit expansion that was needed to fight during World War II. But the problem with debt is that a day of reckoning always comes due at some point.  And just like it did ...

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Besides the potential of progressive Supreme Court Justices should Hillary win, be very afraid of who she might choose for next Fed Chairman

There has been a great deal of rhetoric over the past year on how the current Federal Reserve Chairman has been using monetary policies in an attempt to mask the true nature of the economy in order to help Hillary Clinton win the Presidency.  But despite the fact that many within the Fed have given overwhelmingly to the Clinton campaign this election season, a scarier thought should be focused on who Hillar ...

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Majority of most Americans have less than $1000 in savings

The ultimate outcome of central bank manipulation on America's monetary system is nearing its completion as a new report out on Oct. 9 shows that the majority of people, at least 70%, have less than $1000 in savings to deal with everyday and emergency expenses. Zero interest rates policies (ZIRP), and a unprecedented expansion of the money supply by the Federal Reserve has created an environment where consu ...

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No one really knows how insolvent EU banks really are since the ECB allowed some to cheat on their ‘stress tests’

Over the past year both the Federal Reserve and the European Central Bank (ECB) conducted a number of 'stress tests' to try to gauge how strong or even insolvent many of their member institutions really are.  In the U.S., the Fed gave a blanket approval to nearly all their major banks, which then led several of them to cash out their emergency reserves and use them to buy back stock in order to boost bonuse ...

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Want to see the true state of the economy? Look to the states rather than Washington

It has been long believed that ever since the Clinton administration, economic data has been manipulated for political purposes to support the current occupiers in the White House.  And when you compare the 4.9% 'unemployment rate' put out by the Bureau of Labor Statistics despite the fact that there are 94 million Americans actually out of work, then you realize that you have to go far beyond the surface h ...

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Dallas police pension fund is a microcosm of why U.S. financial system doesn’t price things mark to market

Following the 2008 Credit Crisis, and even after passage of the Dodd-Frank Wall Street Reform Act, the Western financial systems have fought hard to ensure that their assets never have to be valued at mark to market.  Instead they are recognized as 'mark to maturity' or 'mark to model', making it seem as though these institutions are solvent when liquidation of their assets would cause them to actually be b ...

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For the first time in 30 years, a Presidential candidate makes the Fed an issue

It has been about 30 years, and perhaps going back to the 1987 stock market crash since the Federal Reserve has been a point of debate during a Presidential race.  But in 2016, and at a time when the credibility of the central bank is being questioned from economists and even the business media, Donald Trump is sensing blood in the water and last week decided to put the Fed on trial for the American people ...

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Media vilifies Donald Trump’s assessment of the economy because… he’s right!

A few days ago Donald Trump was giving a speech to workers and supporters in the swing state of Ohio, and when it came to focusing in on the state of the economy, the Republican Presidential candidate made some interesting assessments that has the media suddenly going out of its way to try to discredit and vilify. And what did he happen to say that has the establishment in an absolute tizzy?  He said the tr ...

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Global economic strategist sees recession in U.S. as consumers finally capitulate

Just as a New York Times columnist attempted to spew propaganda last week by blaming the 'dumbing down' of the American people for the reason behind the lack of trust in their newspaper and mainstream media as a whole, those in the business media quite often do the same by vilifying economists and analysts who do not toe the line in saying that the economy is good, or that the Fed is all-knowing and all-pow ...

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Central bank policies are proved to only aid 1%ers as the Fed Vice-Chairman admits the bank picks winners

Following the annual Jackson Hole meeting of U.S. central bankers a week ago, the Vice-Chairman of the Federal Reserve admitted something that most 'conspiracy theorists' had already deduced... that the private bank not only picks winners and losers in the economy, but overwhelmingly does so for the 1%ers. Stanley Fischer: Well, clearly there are different responses to negative rates. If you’re a saver, the ...

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Creator of Dodd-Frank banking law begs Fed to do anything to stop a market crash to protect Hillary in election

Former Congressman and co-creator of the nefarious Dodd-Frank Wall Street Reform Act, Barney Frank, spoke to The Hill over the weekend and told the publication that he is advising the Federal Reserve to do everything in their power to stop the market from crashing before the November election.  And this especially includes ensuring that there are no rate hikes in September which could severely diminish Hill ...

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Brother can you spare a Dollar Store?

If Walmart is the bellweather corporation for the retail sector, then places like Dollar General and Dollar Tree are the bellweather for the consumer.  And on Aug. 25 these two discount retailers showed their cards by lowering earnings estimates for the rest of the year, and are lowering prices on many staple products because they believe that 'things are worse for the consumer due to hikes in rents and hea ...

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