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Kenneth Schortgen Jr.

Hillary Clinton is back with new scheme to get donations now that Clinton Foundation has been scuttled

With Hillary Clinton losing the Presidential election last November, perhaps the most important thing to the Clinton cabal was their sudden drying up of donations to their foundation because without the ability to guarantee political and contractual favors, there was no more need to 'pay to play'. The Clinton Global Initiative (CGI) filed a WARN ‚ÄĒ Worker Adjustment and Retraining Notification ‚ÄĒ with New Yor ...

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In Q1 the economy saw retail bankruptcies emerge, and now in Q2 it’s the restaurant’s turn

Following last year's dismal holiday shopping season numbers, several retail chains announced that they were cutting thousands of store locations and tens of thousands of jobs, with even a few like Payless Shoes, Eastern Outfitters, and Wet Seal all filing for bankruptcy protection in the first quarter of 2017. And in news out on May 13, the second leg of the consumer triumvirate appears to be ready to join ...

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Stock market has replaced pits on Wall Street with antennas in New Jersey and Chicago

With the advent of high frequency trading, and exchanges allowing the big banks to front run every trade made on their platforms, the antiquated system of buying and selling in 'pits' by live hawkers is long gone and has been replaced by antennas in the fields of New Jersey and Illinois that stand as monoliths to the greed of Wall Street. Today's Wall Street trading platforms Banks and major brokers pay mil ...

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More bad news for college students as Fed rate hikes leading to higher interest on student loans

In our current debt based financial system, the banks, as well as the Federal Reserve, continuously need borrowers to to keep the ponzi monetary system going.  And whether it was through the creation of a housing bubble from 2003-2007, or the current bubbles tied to student loans, automobiles, and equities, the moment debt borrowing begins to slow down is the moment the economy rushes full force into the ne ...

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Treasury Department creates website where the public can follow where their tax money goes

On May 9 the U.S. Treasury Department launched a new website intended to allow the public to follow where their tax money goes in regards to government spending. Labeled as USA Spending, the website is an attempt to show a bit of transparency when it comes to how the government spends your money, and provide real time tracking of dedicated monies. On Tuesday, the US Treasury launched a new website designed ...

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Kushner family visa scheme replaces Clinton Foundation pay to play in Trump administration

One of the biggest bombshells to come out of the 2016 Presidential elections through the Wikileaks revelations was how Hillary Clinton was using the office of the Secretary of State to conduct a pay to play scheme to funnel billions of dollars into her Clinton Foundation.  And while this vast cronyism was barely covered at all by the mainstream press, it potentially played a role in helping Trump to win the ...

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Space: The final tax frontier

As the old axiom goes, there are only two constants in life... those being death and taxes.  And while it is normally nature and fate that determines the date of ones demise, taxes are solely under the dominion of man and governments. So just when we thought a government entity couldn't be more inane after the city of Philadelphia imposed a tax on any and all beverages that contain even a trace of sugar, th ...

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Student loan default process looking eerily like 2008 housing foreclosures as DOE orders halt to collections

When the housing bubble burst in 2007-08, the courts were inundated with hundreds of thousands if not millions of mortgage defaults that were immensely convoluted due to the fact that wall street fraud had made determination of ownership nearly impossible.  And the heart of this was the process where mortgage lenders had sold their mortgages to investment banks who then split the deed from the title, and th ...

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The Fed’s dichotomy as interest on the debt now costs the government $500 billion per year from their budget

On May 4 it was determined that the U.S. taxpayer (government) now pays over $500 billion per year in interest on the nearly $20 trillion of national debt.  That equates to 13% of their annual budget which as of last year was $3.8 trillion before adding another $1 trillion or so in deficit spending. Thus both the government and the Federal Reserve are in a quandary, especially as the economy begins to slow ...

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Liberal insurgents training for terrorism on U.S. soil in the deserts of Arizona

The official definition of terrorism is the use of violence and terror to achieve a political goal.  And with irrefutable evidence shown in places like Washington D.C. on inauguration day, and harm done to persons and property on the Berkeley campus in California over the past two months, the group known as Antifa have shown themselves to be an insurgent organization who conducts their operations using terr ...

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Puerto Rico’s default and bankruptcy four times bigger than that of Detroit

When the City of Detroit defaulted on their debt and were forced to file for Chapter 9 bankruptcy back in 2013, it was the largest municipal bankruptcy in U.S. history. Until now. That is because the U.S. protectorate Puerto Rico on May 3 defaulted on their own debt, and are about to surpass Detroit by a measure of four in becoming the new largest municipal default. As per our report last night that followi ...

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Bank run on Canada’s largest alternative home lender could potentially lead to systematic run on all banks

One of the biggest warning signals that went primarily under the radar leading up to the 2008 banking collapse and financial crisis was the run on Northern Rock bank in the UK a year earlier.  And while the British exchequer was able to mollify the public through a series of emergency measures to stop the run, it was a foreshadowing of the bursting of the Western housing bubble, and was close to ground zero ...

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