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Pentagon makes civilians fair game by changing drone rules of engagement

Although not covered often by the corporate media, many Americans have learned the consequences of unmanned drone warfare and the collateral damage that occurs when innocent civilians are killed while trying to take out a specific target.  According to a recent report from a human rights organization dedicated to monitoring drone warfare, an estimated 27% of all casualties incurred by U.S. led strikes are o ...

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Europe confirms bank bail-ins to be used during ‘Future of banking’ conference

Irish Finance Minister Michael Noonan confirmed that bank bail-ins will be used throughout Europe during a major conference of financial leaders on Dec. 3.  In a meeting known as 'The Future of Banking in Europe', ministers from countries throughout the Eurozone voted on a number of programs that could be implemented to stave off the next round of bank crises, with direct confiscation of depositor accounts ...

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Detroit court sets precedence as pensions can be cut in municipal bankruptcies

For the tens of thousands of current and former employees of the City of Detroit, a new a ruling by the judge overseeing the city's bankruptcy proceedings is setting a new precedent that will bring shock waves to municipal workers all across the country.  In determining which assets are eligible for reorganization to help pay for the $18 billion debt incurred by the City of Detroit,  Judge Steven Rhodes ack ...

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Chinese currency moves ahead of Euro in international trade

The Chinese Yuan made a game changing move on Dec. 2 as it surpassed the Euro in international trade and became the second most used currency in global transactions, rivaled only by the U.S. dollar.  Just five years ago, the Yuan had zero presence in international trade finance, but within that time, the currency has skyrocketed in acceptance and is primed to perhaps become the next global reserve currency. ...

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As predicted, Black Friday sales down more than 10% from last year

Amid all the shouting, pushing, slashing, and even shootings that have taken place during this year's Black Thursday and Friday ritual, one vital thing has been missing for many retailers. Sales. Sales on Black Thursday and Friday are down more than 10% from last year, and while many analysts predicted lower numbers for the 2013 shopping season, many did not foresee a drop of this magnitude. U.S. consumers ...

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Gold reserves could be next evolution of digital currencies

The biggest argument against digital currencies like Bitcoin has always been that it is backed by nothing.  This of course is a fallacious argument as every sovereign currency in the world today is backed by nothing except the political and military power of their governments. But what if the primary argument against digital currencies is negated by backing it with a recognized commodity such as gold?  This ...

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European financial crisis begins to percolate heading into Christmas

2013 will go down in history as the year of currency wars and central bank domination over the markets.  During this year, nearly every sovereign economy has implemented some form of money printing policy which have boosted their equity markets, but masked the growing inflation and rising unemployment that invariably follows such courses of action. However, as we lead into the final month of 2013, and the r ...

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U.S. military caught being involved in theft and piracy

When it comes to the State, the paradigm is always, do as we say, not as we do.  And while American citizens and businesses are held financially and criminally accountable for breaking copyright and piracy laws, it appears that these actions are perfectly fine for the U.S. military. While the Obama administration’s has launched efforts against intellectual property theft - including the Joint Strategic Plan ...

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Mayor of London publicly gives his allegiance to the elite

The office of mayor in nearly every city in the world is manned by an official who is voted into office by the people they are expected to represent.  Quite often however, like in the case of New York City's Michael Bloomberg, these officials prove through their actions that their allegiance lies in the forwarding of personal agendas, or in many cases, pandering to those in power in the corporate world. The ...

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Bitcoin $1000! Digital currency crosses threshold one day before Thanksgiving

On Nov. 27, just one day before America celebrates its annual Thanksgiving holiday, Bitcoin smashed through the $1000 USD barrier to have an inter-day value of $1020 USD.  This steady climb of more than $500 USD since its volatile shakedown one week ago, is continuing to validate the popularity and strength that a stateless digital currency provides. Within the past two days, two major events took place for ...

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China tests a weakened America by setting a no-fly zone over disputed territories

Over the last year, China has maneuvered pawn after pawn against the United States, testing their will, might, and fortitude to stand fast as a global superpower.  On Nov. 24, China increased the tensions by moving an even bigger piece to the front of the board, by declaring a no-fly zone over several disputed islands in the East China Sea. Japan and US are outraged after Beijing has declared eight uninhabi ...

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Jim Rogers: Fed will self-destruct while politicians remain ignorant

On Nov. 18, billionaire investor Jim Rogers sat down for a long interview with Russia Today to discuss everything from gold, to Bitcoin, and even the Federal Reserve.  During the 28 minute discussion, Rogers noted on a number of occasions that everything financially is 'floating on an artificial ocean of printed money', and that the "Fed is on course to self-destruct before the politicians realize what is g ...

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