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Kenneth Schortgen Jr.

While the last few years of populism have been focused on the political, expect the next leg of change to be economic

In an interesting correlation between today and the last great populist movement from the 20th century, each stage of the movement appears to be going in lockstep with what took place during the previous cycle of the 1920's and 30's.  And in a new study published by billionaire hedge fund manager Ray Dalio, that next step following the political unrest of a populist uprising is the pendulum swinging around ...

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After creating a dollar denominated cryptocurrency, Coinfix is setting their sights on several others

Last week, Coinfix announced they had created a new cryptocurrency that would be focused on the dollar, and denominated in it with a 1:1 exchange rate.  Now on Nov. 20 the company is ramping up their scope to soon include several other sovereign currencies in their cryptocurrency model. Blockchain company Coinfix which recently launched a US dollar-backed digital currency called USC, based on smart contract ...

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Incoming Fed Chairman dreaming up ‘new tools’ for next recession since central banks haven’t normalized from previous one

In a recent discussion on monetary policy, President Trump's incoming Fed Chairman stated that he believes there is a need for central banks to work on 'new tools' to deal with the next worldwide recession. Central banks as a whole, which include the Bank of Japan, Bank of England, the European Central Bank, and of course the Fed, have not normalized their monetary policies since the last recession eight ye ...

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Obamacare premium spikes in 2018 now greater than two thirds of a family’s wages in some areas

Just as in 2016, Obamacare could remain one of the major hot button topics for voters going into the 2018 mid-term elections.  And unless the Congressional Republicans can hammer out some form of repeal, replace, or adaptation of the Healthcare Act before the end of 2017, then premiums are expected to once again skyrocket for the majority of American families next year. And how high might some of these prem ...

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Initial jobless claims spike just as economy is entering into holiday shopping season

If one learns to ignore the artificially propped up stock markets and manipulated accounting that is America's corporate earnings, they would discover that most of the underlying data tied to the general economy has been stagnant or even in decline for most of this 'decade long' recovery.  And just as the time between Thanksgiving and December 31 is a major barometer for how retail businesses will succeed o ...

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White House looking at former Pimco exec to replace Stanley Fischer as second in command at the Fed

On Nov. 14 news broke out that President Donald Trump was taking a serious look at Mohamed El-Erian to replace Stanley Fischer as the Vice-Chairman of the Federal Reserve.  El-Erian has a long history working in an industry that deals significantly with interest rates as he formerly was the second in command behind Bill Gross at the world's largest bond insurer. In what will come as a big surprise to many F ...

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Greece looking seriously at marijuana being a catalyst for getting their country out of recession

On Nov. 14, Greece's Minister of Rural Development and Food spoke with Bloomberg about the nation's economic conditions and suggested that the cultivation of marijuana (cannabis) could be just the thing to help the country fight out of its decade long recession. The cultivation and sale of medical marijuana could help Greece’s government pull the country out of a seven-year economic crisis, according to Eva ...

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No new ideas: Congressional Democrats want to bail out state pension debts with… more debt

If there is one thing you can always set your watch to is that with Democrats in Congress, the solution to any problem is to spend more money and create more debt.  And as such it should come as no surprise when a week ago a Senator from Ohio announced plans to introduce a new bill intended to help bailout state pension funds with... Treasury debt. That's right... the solution for underfunded debt obligatio ...

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Alibaba implements unique online and offline retail integration in opposition to Amazon’s model of retail takeovers

China's Alibaba and the U.S.'s Amazon are without a doubt the two biggest players in the online retail sphere, however it is becoming very apparent that each have much different ideas on how to expand their individual business models. For Amazon, their focus has been on the acquisition of brick and mortar retail in order to integrate them in a way that will most likely lead to the destruction of competition ...

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Wealth inequality has hit the extreme in America as top 3 billionaires own more than 50% of the population combined

Thanks to the Federal Reserve's monetary policies of pushing cheap money to Wall Street, the central bank's program of destroying the Middle Class and siphoning wealth to the top 1% has nearly been accomplished.  And because of the artificial bubble that has grown in equity markets since 20010 following QE and the end of the Great Recession, the three richest Americans now control more wealth than the botto ...

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Who needs the Russians when you have growing allegations of the media trying to rig the Alabama elections

As we have mentioned before in writings here at Viral Liberty, to understand liberals and progressives all one has to do is realize that their entire foundation is built on projection.  And by this we mean that when they call someone a racist, sexist, or bigot, all they are doing is trying to project their own guilt and actions onto someone else. Ie... the recent revelations of Hollywood celebrities being b ...

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The business of America is no longer business, but caring for the sick

Exactly 100 years ago, a label was given to the dying Ottoman Empire where the coalition tied to the Central Powers during World War I was called the Sick Man of Europe.  And this label would eventually become part of the mainstream as it would one day be tagged to nearly every European country during the 20th century. Now here in the 21st century the 'sick man' title could easily be placed on the American ...

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