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Kenneth Schortgen Jr.

It’s official: Quantitative Easing is a failure

In late 2008, and a little ways past the start of the Great Recession, the Federal Reserve decided to introduce a new form of money printing known as Quantitative Easing.  In this new scheme to increase liquidity and attempt to stimulate the economy, the Fed began buying toxic assets from banks , while at the same time, allowing financial institutions to borrow money at near zero interest.  This combination ...

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Guilty until proven guilty: UK lawmakers to pass law making PERCEIVED behavior a criminal offense

Futurist authors have provided bleak pictures of what society may one day look like under complete domination by powerful, elitist governments.  From George Orwell's 1984, to Philip K Dick's Minority Report, what is foreseen by writers years in advance often becomes reality in the hands of those who seek control and domination. Sadly, much of that reality is coming to pass today in the United Kingdom where ...

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Official in Massachusetts calls for home invasions by police on gun owners

Lawmakers in the state of Massachusetts have been leading the way in legislating 'justifiable' usurpations of the Constitution for many decades, and their attacks on the Bill of Rights have only increased since 9/11.  However, with the current wave of gun control programs sweeping Democratically controlled states along the East and West coast, one legislator is doubling down by calling for legalized home in ...

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Home ownership quickly becoming unaffordable as mortgages rise to 40% of household spending

The bursting of the 2007 housing bubble occurred because of many factors, but a primary reason for the collapse was due to the inability of Americans to afford the cost of rising mortgage payments.  When the crash occurred, the average amount of household income being spent on mortgages and rents was at or above 40%, and it led to a wave of foreclosures that are still haunting the market to this day. Yet th ...

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Criminal complaint filed against President Obama for crimes against humanity

On Nov. 8, lawyers representing the Egyptian people filed a criminal complaint against President Barack Obama, along with members of the Muslim Brotherhood, for crimes against humanity in an international court.  This criminal complaint stems from Obama's financial and military support of rebel forces before and after the Arab Spring revolution, that saw the ouster of then President Hosni Mubarak, and the d ...

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Bitcoin $400: U.S. government pulling out all stops to protect dying dollar

Unlike fiat currencies, digital currencies like Bitcoin do not conform to 'market hours' in determining their price and value.  Thus the ever growing virtual currency trades 24 hours per day, 7 days a week, and is not limited to central bank authority.  However, due to the increased exposure that Bitcoin is experiencing both in the U.S., and now in Asia, government agencies like DHS and even Congress are de ...

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Online black market website Silk Road rises from the ashes of FBI takeover

With a nickname like the Dread Pirate, it is only natural that a web portal that solicited in illegal wares would not stay down long even after the FBI seized and shut down the site a short time ago.  Thus on Nov. 7, the black market site known as the Silk Road rose from the ashes and in doing so, threw a proverbial middle finger at the establishment's watchdog who represents today's version of the British ...

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America faced with ogre’s choice of escalate Syrian conflict or lose Saudi Arabian alliance

Since the beginning of October when President Obama backed down from confrontation over the alleged gas attacks that killed dozens of people in Syria, tensions between the United States and their necessary ally Saudi Arabia have grown strained as the religious battle between Sunni and Shiite nations force the U.S to have to pick a side.  And with the current Saudi ruler being closeted from public view due t ...

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NSA Blowback: Nations spied upon pursue plans to balkanize the internet

There is no getting around the fact that the U.S. has replaced the old Soviet Union as the Evil Empire in the eyes of many world leaders.  But unlike the events of 1989, when the Soviets allowed the wall separating East and West Berlin to be torn down, the end of America's iron grip over the world will not come voluntarily.  And due to the growing blowback by world leaders in the wake of the NSA's spying on ...

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JP Morgan: Economic growth is bad for the stock market

Most investors know that the Federal Reserve has taken complete control over the economy and monetary policy, but few realize that their policies have resulted in a complete turn-around of how economic success is determined since 2008, and the now famous credit crisis.  Yet, in an unusual revelation announced by none other than J.P. Morgan on Nov. 4, a blinding truth came to light as Wall Street finally adm ...

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Bitcoin may one day be expanded for use on Ebay and on Paypal

Paypal revolutionized the way consumers could buy and sell products and services outside the realm of credit cards and banking services, and in doing so, allows for commerce to take place globally through the medium of the internet.  This new monetary exchange became so successful, that the world's largest auction center (EBAY) purchased Paypal in 2002, and has expanded it to function as an exchange in some ...

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Global financial powers preparing for a ‘de-Americanized’ world

In the latest trend forecast from the Global Europe Anticipation Bulletin (G.E.A.B.), analysts are anticipating the final maneuvers by both the U.S., and the financial powers that oppose them, in preparing for the final stages of a 'de-Americanized' world.  This statement points to the fact that economic powers no longer believe they can work with the U.S. to forge a positive outcome to the world's debt cri ...

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