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Kenneth Schortgen Jr.

Even before passage of tax reform bill, it appears holiday spending will be up due to Americans hitting big on the credit card

While consumer confidence most likely took a big jump after Wednesday's passage of the new Tax Reform and Jobs Act, it appears that Americans were feeling pretty good already about the future as seen in what is likely to be a very good holiday shopping season when all is said and done.  However there is one big caveat to this, as most of the spending has been on credit, which continues the trend over the pa ...

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The Fourth Reich, also known as the EU, goes to war against Poland for not accepting jihadist refugees

On Dec. 20 the European Union pulled an unprecedented act by triggering Article 7 against the nation of Poland for their refusal to accept any new refugees from Islamic countries. Led by Germany's Chancellor Angela Merkel and France's Rothschild lackey Emmanuel Macron, the coalition that some analysts have long referred to as the Forth Reich are pushing a desperate measure to flood even Eastern Europe with ...

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Tax reform bill passes and immediately businesses promise to put their savings in the hands of the workers

On Dec. 20, Congress finally passed its historic Tax Reform Act and we emphasize the word historic because the government had not done any meaningful tax reform since the Reagan years in the 1980's.  And perhaps what is least astounding in the vote is that not one single Democrat crossed the aisle to vote Yea with the Republicans. However as they say, irony is a dish best served cold.  And within hours of N ...

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Contrary to unpopular belief, history shows that ‘wild west’ markets like cryptocurrencies need some form of regulation

Perhaps no other financial market could best compare with cryptocurrencies than what the United States experienced between 1816 and 1863 during the era of 'Wildcat Banking'.  Because during that period when bank charters were tied to territories and emerging states, and where many of these banks actually printed out their own forms of money and script, the amount of fraud, insolvency, and overall speculatio ...

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FDIC closes down eighth bank of 2017 in shuttering one from the city of Chicago

On Dec. 15, the FDIC closed down their eighth bank of 2017 as Washington Federal Bank for Savings shuttered its doors.  This institution is the first bank failure for the month of December, and it is also the first bank closure in the last two months. 12/15/2017 *** Illinous *** Chicago *** Washington Federal Bank for Savings  *** $60.5 million dollar estimated FDIC DIF cost. The total DIF for failed banks ...

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California legislators appear to spend every waking hour finding new ways to tax their citizens

In the wake of a massive increase on the price of gasoline a few months back, one of the biggest tax burden states is preparing for their next scheme to fleece their populace.  And it appears that this will include invading their privacy as well through the tapping into their cell phones to monitor mileage use which will allow for a new mileage tax. California already is number one in state income taxes, an ...

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Biggest Hollywood studio gets even bigger as Marvel Cinematic Universe (MCU) acquires character franchises in deal with Fox

Thanks to the success of the Avengers and their entire Marvel Cinematic Universe (MCU), Disney by a long shot has become the most profitable franchise in Hollywood today.  And with their acquisition of even more character franchises like the X-Men and Deadpool on Dec. 14, this cinematic behemoth will only get bigger. Thanks to a blockbuster merger between Disney and 21st Century Fox which came together at t ...

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With Congress on the verge of passing tax reform, how will the new rules affect you in your particular area?

As we rush headlong towards the Christmas break, and perhaps more importantly for many the end of the fiscal year, passing tax reform before Dec. 31 has never been a greater priority for Congress over the past few years.  But with five Republicans holding out from standing lock-step with Majority Leader Mitch McConnell's coalition, negotiations over minute details could mean the difference between passage o ...

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Wall Street’s greed, and the Federal government’s corruption have left the U.S.’s infrastructure over 60 years outdated

Not taking into consideration the shipping of America's industry and production offshore, the other biggest thing hanging over any potential economic growth is the nation's dilapidated infrastructure.  And with Wall Street corporations not even interested in producing anything of value, but simply making money off making money through their financialization of everything, when you couple this with the Feder ...

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Unforeseen consequence: Pot legalization has limited California’s ability to use prison labor in fighting state’s wildfires

A combination of pot legalization coupled with court rulings calling for overcrowded prisons to release convicts early has now manifested in an interesting consequence for the state of California.  And that unforeseen problem is the state's ability to find enough prisoners able to work the fire lines as wildfires ravage across the drought-ridden terrain. For decades California has used low-level prisoners a ...

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Those seeking liberty now prefer digital securities like Bitcoin over gold in new survey conducted by Ron Paul

A week ago, former Congressman and Presidential candidate Ron Paul conducted a non-scientific survey for those who follow him on Twitter and discovered that by a large margin that individuals who support him and his liberty movement now prefer investing in Bitcoin more than the long-time mainstay that is gold. Perhaps what is also most ironic from this survey is that Ron Paul has been a staunch advocate of ...

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Government seizure of $3 billion in Bitcoin from criminal organization helps push the meme that cryptos are only for lawbreakers

To wit, most governments to this point have dealt with Bitcoin and other cryptocurrencies using a velvet glove.  By this we mean they have primarily used propaganda and rhetoric to try to dissuade the general public from moving into it, or instituted minor threats such as focusing on making sure Bitcoin sellers pay their rightful taxes to try to limit its use in the general economy. However one of their big ...

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