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Kenneth Schortgen Jr.

China hegemony grows in Africa with new military base

  Beginning in January of this year, the African nation of Zimbabwe ushered in a new era of monetary relationship when it chose to end dollar supremacy in their currency system and instead allow for use of the Chinese Yuan. Now, just two months later, Zimbabwe is expanding upon that relationship by allowing China to build a new military base within its borders. The news of the agreement to set up the f ...

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FDIC ends February with two bank failures in Eastern U.S.

Millennium Bank, N.A., located in Sterling, VA, and Vantage Point Bank, located in Horsham, PA, were closed down by the FDIC on Friday, Feb. 28.  These bank failures are the only two for the month of February, and bring the total amount of bank closures in 2014 to five. 2/28/2014 *** VA *** Sterling *** Millennium Bank, N.A. *** $7.7 million dollar estimated FDIC DIF cost. 2/28/2014 *** PA *** Horsham *** V ...

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Bitcoin takes a big hit as Mt. Gox declares bankruptcy

In the end, it wasn't going to be sovereign or national regulators, nor was it going to be the original security safeguards that would potentially bring Bitcoin down, but rather, it was going to be 3rd party vendors who tried to make their own profits off the digital currency and are now making Bitcoin more vulnerable than at any time in its history. Over the past two weeks, the world's largest Bitcoin exch ...

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Businesses will make Americans pay twice under Obamacare

Since the Supreme Court ruled that the Affordable Health Care Act (Obamacare) is legal since it falls under the auspices of a tax, Americans have discovered that the consequences of this ruling have led to higher premiums, or a fee in their annual tax filings.  And while this portion of Obamacare has already been expected, what is not well known is how most Americans will soon end up paying twice, as it now ...

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Ukrainian citizens want new ‘2nd Amendment’ as part of new government

As liberal and globalist ideologues in our government fight to remove the right of personal protections from the people of America, one group across the world is demanding their right to bear arms after decades of gun control and tyranny.  Members of a gun organization in Ukraine are placing new demands before Parliament and the expected new leadership to have the right to own and carry guns in the wake of ...

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What would you name the book that Chairman Bernanke is writing?

Now that the 'Printer in Chief', otherwise known as the former Chairman of the Federal Reserve is retired, the next thing on Ben Bernanke's agenda is to write and publish a book on his 12 years in office, and to detail the thought processes used during all of the different crises and monetary programs the Fed implemented during his tenure. In other words, like his predecessor Alan Greenspan, Bernanke wants ...

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Technocrats vote to allow your financial data shared with all nations

The current structure of the European Union is run not by elected sovereign leaders, but by intellectuals, elites, and bankers otherwise known as 'Technocrats'.  The technocrat is likened to the Head of DHS, or the EPA, where heads of state appoint un-elected officials to offices and give them vast power of persons, property, and policy. So when a group of 34 of these technocrats came together recently to d ...

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Senile former Fed Chair Alan Greenspan claims bubbles everywhere but U.S. markets

Even though the former Chairman of the Federal Reserve Alan Greenspan is too old to cut the mustard, he seems these days desperate enough to still try to lick the jar.  In a guest appearance on CNBC today, the former head of the U.S. central bank began blaming most financial worries on monetary 'bubbles' in foreign markets, while at the same time refuting that the Fed created highs in the Dow, Nasdaq, and S ...

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Obama administration to roll out truth ministers for media organizations

Sometimes it's hard to tell if Barack Obama is a Socialist, Marxist, Fascist, or Nazi, but one thing is for certain, his playbook would make even George Orwell take notice.  And on Feb. 20, that playbook turned to the page where new truth ministers will become embedded in media organizations like television and radio, to ensure that the media is 'doing their job properly'. Incredibly, the Federal Communicat ...

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Student loans continue to keep record numbers of young adults poor

Despite the fact that the economy is creating more bartender jobs than engineering ones, young adults continue to run like lemmings into the university system with the slim hopes of having a good career once they graduate.  But as 2013 has now shown, not only are student loans the largest consumer debt being accumulated by the American people in the economy, but the number of delinquencies on that debt is a ...

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New reasons for Fed Taper: central bank buying nearly all govt. debt

One of the greatest signs that a currency stands on the cusp of hyper-inflation is when that nation's central bank is forced to, or is relegated to, buying all of the debt a particular nation is selling.  2013 saw a major shift in the transference of foreigners buying U.S. Treasury debt to now having the Federal Reserve pick up the slack, and by year's end the central bank was purchasing one and half times ...

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America and the West are in the late stages of a fascist takeover

On Feb. 19, famed economist and statistician Jim Willie provided a chronological blueprint on how the Federal Reserve, primarily through Fed Chairman Alan Greenspan and later, his predecessor Ben Bernanke, used monetary policy to shift power away from a Constitutional government and into the hands of banks and corporations. These policies, which began after the 1987 stock market crash and ending with the cu ...

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