You Are Here: Home » Original Articles » Kenneth Schortgen Jr. (Page 106)

Kenneth Schortgen Jr.

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 ...

Read more

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 ...

Read more

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 ...

Read more

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 ...

Read more

Economic sanctions by U.S. will increase flight away from dollar

A week after Russia and China signed off on the world's largest energy deal in history, more Russian companies are seeing the East as the future of business, and this primarily includes trusting in the Renminbi over as the currency of choice. And in a recent report on the shift away from the U.S. and the reserve currency, Russia is using economic sanctions as justification for the move, and are set to incre ...

Read more

The Obama plan for the student loan bubble

When data and statistics are as manipulated and corrupt, as what comes out of the Executive Branch in U.S. government reports, it is not surprising that both Congress and the White House regularly respond to crises with a reactionary tone, and far past the point where simple solutions would have easily resolved the issue. For over two years, student loans have been the highest and by far largest consumer cr ...

Read more

Vegas cop killers declare, “The revolution has begun”

On June 8, another shooting spree took place in Las Vegas, NV, with two police officers and one civilian being gunned down before law enforcement ended the lives of the two assailants. However, what is most interesting about this violent act was the words spoken by killers after shooting two police officers in a downtown restaurant.  As they stole the officers gear, and left the building, they were heard to ...

Read more

Pension shortfalls force states to put retirees money at risk

If there is one thing most politicians fail at, it is their ability to project and plan for the future, when it often more beneficial to their careers to sell out for today.  And because politicians for the most part are tied to 2-4 year election cycles, it rarely behooves them to make policies that are beneficial to constituents over the long run, and instead are more apt to sacrifice the future for their ...

Read more

Russia adds another feather to its cap in war against the dollar

In the business world, there are three ways to conduct a transaction.  First, there is a negotiated plan where both sides achieve exactly what they want and are happy with the terms of the deal.  Secondly, there are deals that involve one side offering incentives to the other side, giving the second party a short-term advantage in the hopes by the first party that they will win out in the long-term. Then th ...

Read more

ECB to kill savers with new Negative Interest Rate Policy

After two years of continuous jawboning, the head of the European Central Bank (ECB) finally acted and laid down a new policy that will destroy savers and anyone who wishes to protect their cash in the fiat currency system. On June 5, Mario Draghi lowered the interest rate for banks to a negative interest rate in an attempt to stave off the massive deflation that was creeping into the EU and in essence, kic ...

Read more

Apple jumps on the Bitcoin bandwagon

Bitcoin users hit the mother lode on June 2 when America's largest company announced they were going to begin accepting the virtual currency in their Apps Store, and allow developers the power to sell Apple O/S based programs for Bitcoin. Aaron Trask:  It was a good day for Bitcoin and other virtual currencies.  Apple, for the first time, gave approval to developers for apps that are paid with virtual curre ...

Read more

Fed patriarch Paul Volcker says its time for a new Bretton Woods

The original Bretton Woods conference of July 1944 was the primary foundation for the U.S. dollar becoming the global reserve currency during the final stages of World War II.  And while the original charter lasted until 1971 when President Nixon took the dollar off the gold standard, its significance and name has been used as a springboard for any future reserve currency discussions. On May 21 at the annua ...

Read more

© 2012 Secrets of the Fed