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Pension funds now going full retard as they begin to sell options on equity holdings to earn yield

At the core of the nation's colossal debt bubble is of course the Federal Reserve, and their zero/negative interest rate and money printing policies that have destroyed many sectors in the overall economy. And one of the biggest victims of the Fed's capital destruction is without a doubt the multitude of local, state, federal, and private pension funds that require high returns on their investments, and whi ...

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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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Everyone rushing to dump U.S. dollars as October sees decline of almost $150 billion

A new report came out on Dec. 15 from the U.S. Treasury Department showing the overall foreign holdings of U.S. Treasuries and dollar based reserve instruments.  And for the month of October, nearly $150 billion was divested from global accounts, and marks the biggest dumping of dollars in any month of this year. A combination of the acceptance and expansion of the Yuan currency, and the need for nations to ...

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Adviser to several U.S. administrations unveils the plan to eliminate cash in commerce

Throughout history, there have been some men and women who have superseded political parties and functioned in the role as an adviser to multiple administrations.  And one in particular is now laying out the case as to why the U.S. and Europe are formulating plans to try to eliminate cash, and bring about a fully controlled digital system. Whether it is gold or the current forms of fiat currency, the right ...

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Stock market and corporate earnings might have been final straw for Fed’s rate decision

Since the Fed made its shocking no-call last week on its decision whether to raise interest rates, analysts have been not only questioning the true state of the economy, but also have been insinuating that the central bank's credibility may be completely shot.  But as we look at new data coming out on corporate earnings, especially those on the S&P 500, their declines year over year (yoy) coupled with g ...

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Unemployment rate drops to 5.1% as more people not counted than actually got a job

There comes a certain point in time when manipulated data moves from that of subtle deception to the blatantly absurd, and today's jobs report appears to have finally tilted those numbers fully into Bizzaro World.  Coming in well below analyst expectations, new jobs created were a lackluster 173,000 bringing the unemployment rate to a level not even seen during the Reagan years when there were less people, ...

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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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Greece is not the only country where pensions are at the root of an economic disaster

In the ongoing debt crisis taking place between Greece, Germany, and the EU's financial Troika, Greek pensions remain squarely in the crosshairs for austerity cuts to allow acceptance of a new round of bailouts, and a saving of Greece's insolvent financial system.  But with the global economy in decline and even recession despite manipulated equity market highs, the Damocles Sword of underfunded pensions el ...

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State Of Texas Signs Into Law A Bill To Repatriate Their Gold From The FED

Back in 2011, the University of Texas completed the repatriation of over $1 billion in gold it had stored with the Federal Reserve in vaults underneath their New York City offices.  This money was part of the school's vast endowment fund, and represented a lack of trust in the central bank at a time when foreign countries such as Venezuela and Germany were also seeking to repatriate their own gold from the ...

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Is your bank account safe? Cyber-hacking on financial institutions increasing in 2015

On May 20 it was confirmed that cyber-hackers had broken into one of the district banks of the Federal Reserve, validating what many experts predicted will be a massive increase to state sponsored and rogue lone wolf electronic break-ins of banks and businesses in 2015. The St. Louis Federal Reserve website was hacked in April, causing a large portion of website traffic to be re-routed to a spoofed site and ...

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Fed Chairman Janet Yellen states that cash has relatively little value

As the world begins to realize that the entire purpose of the Federal Reserve is to prop up stock markets and ensure the orderly flow of wealth from the 99% to the 1%, an interesting statement was made by the central bank Chairman Janet Yellen in San Francisco last week where she said that "cash is a not very convenient store of value", and validated that the fiat currency that comes from the printing press ...

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Former Fed Chair Alan Greenspan believes Greece has no choice but to leave EU

On Feb. 8, former Chairman of the Federal Reserve Alan Greenspan announced in an interview that it is not worth the consequences for the Troika to fund or bailout Greece's financial crisis and that it is inevitable that the Southern European country will have to leave the Eurozone and go out on its own. Citing analysis from both sides of the debate, Greenspan alluded to the belief that both sides would bene ...

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