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Kenneth Schortgen Jr.

Greek people move to the ammo box against banksters and politicians as eight years of trying the ballot box fails

A few years ago the Greek people sought to change their government in an attempt to stop the looting and pillaging of their country by the EU and Troika following the 2008 financial crisis, and the un-elected rule placed upon them through Goldman Sachs technocrat Lucas Papademus.  This of course led to the installation of the Syriza party and the current Prime Minister Alexis Tsipris. But in 2013 the Greek ...

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Atlanta Fed drops Q1 GDP again as indicators continue to scream economy is in recession

On March 15, just hours before the Fed's FOMC meeting culminated in the central bank raising interest rates once again, the Atlanta regional Fed bank lowered its forecast for Q1 GDP to below 1% validating further belief that the U.S. economy is severely slowing down in 2017. After reporting an estimate for the GDP of 1.2% just two weeks ago, the Atlanta Fed updated their newest estimate to .9% following two ...

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Trump ready to drain the Washington swamp thousands of bureaucrats at a time

As of 2015, a whopping 21.5 million Americans were employed by the Federal, State, and local governments.  And although increased growth in Federal government employment fell off a bit over the past eight years under Barack Obama, it still grew by 10% during the former President's tenure ending this past January. So for the new President Donald Trump to say that the government is extremely wasteful and has ...

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As consumer spending falls off a cliff and consumer debt gets maxed out, FICO scores set to change to make borrowing easier

Back between 2004 and 2008, the financial system's desire to get anyone into a home was so great that even if you didn't have a job or couldn't afford a home, lenders would manipulate applications so that those below the poverty line were able to purchase $600,000 and higher McMansions. Now in 2017 when once again many American are maxed out on their debt limits and consumer spending is falling off a cliff, ...

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Europe becoming so bad that ethnic Russians are repatriating back home in massive numbers

Contrary to the propaganda from the mainstream media that Russia is in dire economic straits and that the European Union is doing well, over 150,000 ethnic Russians decided to repatriate themselves out of Europe and from former Soviet satellite states to return to their ancestral homeland in 2016. Although primarily leaving from Baltic states like the Czech Republic and Romania, over 20% of the moves came o ...

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The coming week could create more economic chaos than Brexit

This coming week will see some of the most important economic and political decisions taking place in perhaps the last 9 years, coinciding also with the historic negative frequency that is often attributed to the 'Ides of March'. March 15 will see the Federal Reserve decide whether they will begin a trek towards aggressively raising interest rates at a time when every real economic indicator is screaming re ...

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President Trump still committed to reinstating Glass-Steagall

Despite many conservatives who desperately want to see the banks broken up under the new administration of Donald Trump, repealing parts of the Dodd-Frank banking reform act is only a small part in undoing legislation that had allowed banks and bankers to continue in the same risky speculations that led to the 2008 financial crisis. In fact, to protect the economy and the taxpayer from future bailouts, Pres ...

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Bitcoin’s next future move could come as early as Friday as SEC to decide on fate of ETF

Bitcoin has gone through a great deal of volatility over the past three months, including its reaching a new all-time high and surpassing the price of gold in dollar terms earlier this month.  And while Bitcoin's extremes in price movement have been primarily due to third party conduits such as through Bitcoin exchanges and regulatory restrictions imposed upon the crypto-currency by sovereign governments, t ...

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BRICS coalition falling apart as Brazil now in worst recession ever and South Africa moving towards land confiscation

In the past six months, three of the five BRICS nations have not only seen their place in the economy of the world's best emerging markets decline, but in some cases get shattered by political and monetary programs that have rendered them to the back burner as players on the global financial stage. Starting in November of last year, India announced a sudden repatriation of their two largest currency notes, ...

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European think tank puts EU on a path to collapse much greater than the 2008 financial crisis

Despite the unprecedented amount of money spent by both sovereign governments and central banks to bailout financial institutions over the past eight years, a new report from a European think tank has determined that the state of Europe's financial system right now is worse than in 2008, and on the path to a much greater collapse than what nearly occurred during the crisis of that year. Measuring the years ...

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The future is now: A house built in a day by a printer, and managed by computers and robots

Over the weekend an interesting presentation video was going viral across the industrial spectrum.  A 400 sq. ft. house was printed (manufactured) in a city in Russia in just 24 hours. Engineered by a company named Apis Cor, this groundbreaking project required only a minimal amount of human labor, and was able to 'print' a solid eco-friendly domicile in under one day even in temperatures falling below zero ...

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State of California joins Silicon Valley in replacing American workers with untrained foreigners

Liberals and progressives are very sneaky individuals as they constantly attempt to project their own biases against others to mask what their true agenda is all about.  For example, while their politicians continuously call for the government to use more and more taxpayer money to feed the poor and the homeless, these same officials are caging their own citizens living in poverty behind fenced in areas to ...

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