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Kenneth Schortgen Jr.

$100 Trillion: World floats on a sea of debt

On March 9, the Bank of International Settlements (BIS) released its quarterly report and found that for the first time ever, global debt has reached $100 trillion, with 40% of that debt coming in just the past five years. Total global debt has exploded by 40% in just 6 short years from  2007 to 2013, from "only" $70 trillion to over $100 trillion as of mid-2013, according to the BIS' just-released quarterl ...

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New ammo shortages coming as Russia cuts off exports to U.S.

At almost the same time Russia was planning to invade the Crimea and Ukraine, the Eur-Asian superpower issued a new policy which cuts off exports of many calibers of ammunition to the United States, sure to cause more shortages in an already stretched market. The largest wholesale gun & ammo distributors in the US have informed us in private conversation today that a massive scramble is on for all 7.62 ...

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Russian threat of dumping dollar could lead to $16 trillion collapse of economy

Talking heads and pundits will tell you that Russia's threat to sell their U.S. dollar reserves and confiscate assets should America or Europe choose to impose economic sanctions is not that big of a deal.  However, the corporate media misses one vital piece of information, and that is the possibility that should Russia begin dumping their treasuries en masse in the open market, then it could trigger an imm ...

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Russia throws economic sanction threats back at the U.S. and EU

There is a biblical proverb that says, the borrower is slave to the lender, and this reality is quickly availing itself on America as they attempt to threaten Russia with economic sanctions due to their invasion of Ukraine and Crimea.  However, as the harsh reality of the proverb goes, America would face more dire consequences than Russia would if the Euro-Asian superpower chooses to impose their own sancti ...

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China hegemony grows in Africa with new military base

  Beginning in January of this year, the African nation of Zimbabwe ushered in a new era of monetary relationship when it chose to end dollar supremacy in their currency system and instead allow for use of the Chinese Yuan. Now, just two months later, Zimbabwe is expanding upon that relationship by allowing China to build a new military base within its borders. The news of the agreement to set up the f ...

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FDIC ends February with two bank failures in Eastern U.S.

Millennium Bank, N.A., located in Sterling, VA, and Vantage Point Bank, located in Horsham, PA, were closed down by the FDIC on Friday, Feb. 28.  These bank failures are the only two for the month of February, and bring the total amount of bank closures in 2014 to five. 2/28/2014 *** VA *** Sterling *** Millennium Bank, N.A. *** $7.7 million dollar estimated FDIC DIF cost. 2/28/2014 *** PA *** Horsham *** V ...

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Bitcoin takes a big hit as Mt. Gox declares bankruptcy

In the end, it wasn't going to be sovereign or national regulators, nor was it going to be the original security safeguards that would potentially bring Bitcoin down, but rather, it was going to be 3rd party vendors who tried to make their own profits off the digital currency and are now making Bitcoin more vulnerable than at any time in its history. Over the past two weeks, the world's largest Bitcoin exch ...

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Businesses will make Americans pay twice under Obamacare

Since the Supreme Court ruled that the Affordable Health Care Act (Obamacare) is legal since it falls under the auspices of a tax, Americans have discovered that the consequences of this ruling have led to higher premiums, or a fee in their annual tax filings.  And while this portion of Obamacare has already been expected, what is not well known is how most Americans will soon end up paying twice, as it now ...

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Ukrainian citizens want new ‘2nd Amendment’ as part of new government

As liberal and globalist ideologues in our government fight to remove the right of personal protections from the people of America, one group across the world is demanding their right to bear arms after decades of gun control and tyranny.  Members of a gun organization in Ukraine are placing new demands before Parliament and the expected new leadership to have the right to own and carry guns in the wake of ...

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What would you name the book that Chairman Bernanke is writing?

Now that the 'Printer in Chief', otherwise known as the former Chairman of the Federal Reserve is retired, the next thing on Ben Bernanke's agenda is to write and publish a book on his 12 years in office, and to detail the thought processes used during all of the different crises and monetary programs the Fed implemented during his tenure. In other words, like his predecessor Alan Greenspan, Bernanke wants ...

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Technocrats vote to allow your financial data shared with all nations

The current structure of the European Union is run not by elected sovereign leaders, but by intellectuals, elites, and bankers otherwise known as 'Technocrats'.  The technocrat is likened to the Head of DHS, or the EPA, where heads of state appoint un-elected officials to offices and give them vast power of persons, property, and policy. So when a group of 34 of these technocrats came together recently to d ...

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Senile former Fed Chair Alan Greenspan claims bubbles everywhere but U.S. markets

Even though the former Chairman of the Federal Reserve Alan Greenspan is too old to cut the mustard, he seems these days desperate enough to still try to lick the jar.  In a guest appearance on CNBC today, the former head of the U.S. central bank began blaming most financial worries on monetary 'bubbles' in foreign markets, while at the same time refuting that the Fed created highs in the Dow, Nasdaq, and S ...

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