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Kenneth Schortgen Jr.

U.S. immigration ban on terrorist labeled countries leading Iran to announce ban on the dollar

As President Donald Trump continues to follow through with his promises of extreme vetting of incoming foreigners into the United States, one nation on the list of banned travel is taking the tet a tet to the next level.  On Jan. 30, the government of Iran announced that in response to their being placed on a list of seven known 'terrorist' countries by the Trump Administration, they will enact a ban themse ...

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Fed employee busted for trying to 'print' different form of money outside the dollar

Perhaps the writing is on the wall for how even the U.S. central bank feels about the solvency of their own currencies when one of their employees was found to have been using Federal Reserve computers and processing power to mine for Bitcoins. Nicholas Berthaume, a former systems analyst at the Washington office of the Federal Reserve Board was sentenced today with a fine and probation for installing Bitco ...

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For two years in a row following Davos, the elite are preparing for an economic collapse

Last year's World Economic Forum in Davos saw several conferences being dedicated towards 'prepping' for the elite, where land purchases and the building of luxury bunkers became a reality due to fears of a coming economic collapse, and the retaliation by people for their years of siphoning wealth from them.  And in 2017 this mentality has not changed as rumors from both inside and outside Davos show that s ...

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Removal of Dodd-Frank could once again lead to economic growth as banks would be incentivized to lend to businesses

Like the removal of Glass-Steagall, the Dodd-Frank Banking Reform Act that came out of the 2008 financial crisis turned out to be a boon for the too big to fail banks, but a clamp on mid-tier and regional banks that were the engines that fueled small businesses in America.  And it was these two pieces of legislation that made it possible for banks and corporations to profit from the financialization of the ...

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FDIC closes down second bank of 2017 in the city of Chicago

On Jan. 27, the FDIC closed down their second bank for 2017 as Seaway Bank and Trust Company shuttered its doors.  This institution is also the second bank failure for the month of January, and the first Illinois bank closure since May of last year. 1/27/2017 *** Illinois *** Chicago *** Seaway Bank and Trust Company *** $57.2 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week ...

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President Trump gives press credentials to alt media outlets as Alex Jones to get a front row seat

The day of the New Media has arrived with the election of Donald Trump to the office of President.  And as a shot against the mainstream corporate media which worked hand in hand with the Clinton campaign to try and keep Trump from winning, the President is handing out White House press credentials to outlets considered to be alternative media, with one of the first to receive the invitation being none othe ...

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Trump has Democrats on board for trillion dollar infrastructure project as Senate leaders offer bill to President

It appears that contrary to the media's hype that the liberals in Washington would be fighting President Trump every single day of his four year term, the new Commander-in-Chief is quickly winning over long-standing Democrats in both public and private service.  Yesterday, leaders of many of the nation's biggest unions praised The Donald for his cancelling TPP via an executive order, and today Senate Democr ...

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Bank in Norway willing to forego profits to entice Muslims into home loans

Under the guidelines of Sharia Law, Muslims are to refrain from entering into any financial contracts that involve the use of interest on either side of the agreement.  In theory this means that any loans made by or to someone following the beliefs of orthodox Islam should result in a zero sum game, but in practice the borrower often makes a donation under the guise of 'alms' as a way to skirt this religiou ...

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Pussy rioters matter? Women's march on Washington has funding ties to George Soros

Now that Donald Trump has been sworn in as President of the United States, one of his Constitutional duties is that of the country's chief law enforcement officer.  And if his anger at the foreign operative who tried to keep him out of office by funding the post-election recounts wasn't enough, perhaps once he discovers that this weekend's Women's March has ties to Soros cash he may decide its high time to ...

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Pussy rioters matter? Women’s march on Washington has funding ties to George Soros

Now that Donald Trump has been sworn in as President of the United States, one of his Constitutional duties is that of the country's chief law enforcement officer.  And if his anger at the foreign operative who tried to keep him out of office by funding the post-election recounts wasn't enough, perhaps once he discovers that this weekend's Women's March has ties to Soros cash he may decide its high time to ...

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IMF double speak at Davos as Lagarde says 2017 economy should be good, but there are factors that could lead to volatility

It seems like all central bankers have two things in common... they cannot under any circumstances tell the truth, and they cannot state their analysis in plain terms. For years the U.S. central bank has gotten away with this type of obfuscation, saying that the economy is both good and bad at the exact same time.  So perhaps it is of no surprise that another of the world's main central bankers at the World ...

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Insanity: Doing anything the Fed suggests and expecting a different result

Radio personality Michael Savage is famous for saying, "liberalism is a mental disorder".  And for those of us in the U.S. who have watched the central bank churn out one bubble after another since the 1990's and expected that THIS TIME would be different, it appears we can add Keynesianism as well to Savage's list of mental illnesses. Artificially low interest rates and cheap money led to both a housing bu ...

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