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Kenneth Schortgen Jr.

Fed (USA) 1 Germany 0: Eurozone leader gives up on getting its gold back from central bank

Under growing public pressures, Germany had called for a repatriation of their offshore gold reserves being held in French, British, and U.S. central banks back in 2012.  However, because the Fed claimed 'logistical' issues in delivering it back to them, the Eurozone leader had to accept a seven year shipping schedule from the U.S. to ever have it returned.. And now, on June 23, Germany suddenly appears to ...

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Newspaper company joins banks in buying life insurance policies on their employees

After the string of mysterious deaths occurring for mid-level bankers around the world, it was revealed that many financial institutions, including J.P. Morgan Chase, have purchased life insurance policies on their own employees that are valued at or near $680 Billion.  In fact, the banks use these policies as assets on their books to help manipulate their balance sheets, as seen by the fact that a complete ...

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Healthcare Fail: U.S. system considered the worst though it costs the most

Even without the implementation of Obamacare, the American healthcare system has been on the decline for several years.  And as with most government managed systems, which includes both education and the Veterans Administration, the cost of America's healthcare is the highest costing in the developed world, while being the worst for treatment and care. The United States health care system is the most expens ...

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FDIC closes two banks in FL and IL bringing total number of failed banks in 2014 to 11

Valley Bank., with branches located in both Moline, IL and Ft. Lauderdale, FL, was closed down by the FDIC on Friday, June 20.  These bank failures are the first two for the month of June and bring the total amount of bank closures in 2014 to 11. 6/20/2014 *** IL *** Moline *** Valley Bank *** $51.4 million dollar estimated FDIC DIF cost. 6/20/2014 *** FL *** Ft. Lauderdale *** Valley Bank *** $7.7 million ...

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China forms new trade agreement with Britain outside the dollar

It seems almost to be a daily occurrence now that both Russia and China are finalizing new trade agreements with nations that will facilitate the use of their own currencies in trade settlements, and bypass the dollar system that has stood for more than 40 years.  But on June 19, this trend ratcheted up to a whole new level when China signed a deal with America's biggest ally Britain that will allow direct ...

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Putin adviser offers new plan against the dollar to force U.S. out of Ukraine

Remember Ukraine, economic sanctions, and John Kerry's pointed finger?  Those seem a long time ago in the world of 24 hour mainstream media.  But contrary to the lack of coverage in the U.S., objectives are being formulated right now in Russia over the Ukrainian problem, with Putin's close adviser Sergey Glazyev offering a new idea on just how to get the U.S. and NATO off Russia's border. A global anti-doll ...

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Americans renouncing citizenship up 25% over 2013 in just the first six months

In 2013, approximately 750 Americans officially renounced their citizenship, and followed through with the paperwork to divest themselves from U.S. sovereignty.  However, because of political and economic reasons that have carried over into 2014, the number of Americans who have renounced their citizenship this year has already surpassed all of last year, and in fact, has increased that number by 25% in jus ...

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Bill and Hillary Clinton work to avoid death taxes while calling others to pay their fair share

The fundamental economic difference between conservatives and liberals is that one group seeks all men to rise to wealth and prosperity on their own abilities while the other desires the achievers to give away their earnings to those less able or unwilling to work for it.  The results in both cases are the differences between a vibrant middle class, or a two class system, with a very rich elite, and everyon ...

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Pope declares world is on edge of economic collapse and dependent upon war

While the office of the Pope is one that is supposed to represent the voice of Christ to the over 1.2 billion Catholics around the world, the man who sits in that office is also a head of state in the realm of world governments.  Thus a Pope's words can carry great weight even today, just as they did for 1200 years before the Great Reformation. So when the highly educated Jesuit that is Pope Francis speaks ...

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Economist blames lack of economic recovery on failure of U.S. to be at war

First it was the weather, which was completely discounted after the dreadful May economic indicators proved the mainstream propaganda machine had jumped the shark in their attempts to deceive the public on the 'economic recovery'. Then it was the coming El Nino, which analysts tried to spin as being the cause of massive drought and growing price inflation that also has kept recovery from burgeoning. And now ...

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Gas prices reach three year high as oil climbs over Iraq

There is nothing like a little war rhetoric in an oil producing nation to cause panic and fear in the markets, and stimulate price inflation for both crude oil and gasoline.  In just the past few days, oil prices have shot up to $106 per barrel because of growing tensions in the country of Iraq, and the subsequent effect has been the rise of gasoline prices to levels not seen in more than three years. As IS ...

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House Majority Leader Eric Cantor ousted in primaries by Tea Party

When scholars look back at the primary elections of 2014, they are going to look long and hard at a historical event that took place in the state of Virginia.  On June 10, House Majority Leader Eric Cantor lost his primary bid to an absolute unknown Tea Party candidate, and ushered in the first time in history an HML had ever lost a primary while holding that position. House Majority Leader Eric Cantor (R-V ...

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