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Congratulations! Ratings agencies give tapped out consumers a boost to borrow more money to buy thin

It has been nine years since the crash of the last housing bubble, and the advent of millions of Americans experiencing foreclosures which crushed their credit scores below the levels in which they could borrow money at a decent rate.  And since these dings on one's credit score, along with those who also may have experienced their own hits from defaulting on miscellaneous consumer credit vehicles such as c ...

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PC absurdity: Theater lets women get exclusive view of Wonder Woman despite character being created by a man

Back in the heyday of comic books, the majority of readers in this genre were overwhelmingly boys (males) and it didn't often matter whether a hero was male or female. And although the majority of women superheroes were often relegated to being sidekicks or second tier players in the storylines, the fact of the matter was the industry was created by men, for men, and the genre followed this business model w ...

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Move over JP Morgan and Goldman Sachs, it is China, not the U.S., who has the world’s largest public company

Despite the fact that because of their manipulated GDP numbers, the U.S. is still considered the world's number one economy.  However the reality is that they have already been surpassed by China in nearly every other facet of economic and financial measurement.  And at the top of this list are China's domination in both productivity and in banking. Which is why it should come as no surprise that on May 24, ...

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Congress fights Trump’s budget proposal as welfare programs reach record levels of applicants

Earlier this week, the Trump administration rolled out the President's next fiscal year budget proposal which on the surface seeks to cut $1.7 trillion from expenditures over the next 10 years. But as most Americans know from years of experience, Congress doesn't have the stomach to cut anything once they have promised it as an entitlement to the majority of the people.  And it is no different today with th ...

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Long-time investor who was fictionalized in movie Wall Street reveals markets controlled by the PPT

For most traders and investors, the cable business channel CNBC is nothing more than a stock hawking program that moonlights as a mouthpiece for the Fed.  And perhaps their best example of being nothing more than a round table to provide CEO's the opportunity to spin their companies problems into rainbows was just before the 2008 financial crisis when they allowed the former CEO of Bear Stearns to come on t ...

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Housing bubble 2.0? New and existing home sales drop at same time prices reach record highs

Since the only thing the Federal Reserve knows how to do is print money and create asset bubbles, it should come as no surprise that nine years after the bursting of the last housing bubble, the economy has achieved success in the creation of another one.  And as data comes out for the month of April showing slumping sales in both new and existing homes, the contradiction to the this data is in the fact tha ...

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With 77 countries already signed onto the AIIB, China expects bank to grow to 85 by end of year

In just a few short years, China's Asian Infrastructure and Investment Bank (AIIB) has grown at lightening speed, already having 77 nations sign onto the Asian equivalent of the West's IMF.  And in a recent Conference on development in Jiangsu Province, the President of the AIIB suggested that this number will increase to 85 countries signed on board by the end of the year. This new growth in the developmen ...

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President Trump proposes budget that will force Congress to show Americans their fiscal irresponsibility

On May 22 early reports came out on President Trump's first budget proposal that is expected to not only be rejected by both parties in Congress, but reveal to the American people how the legislative branch has no intention of ever cutting spending. In details leaked out from Trump's budget proposal, the President is seeking to cut $1.7 trillion from entitlement programs over the next several years, with a ...

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Fitch ups ante and increases number of potential retail bankruptcies from eight to eleven

Just one month ago, the Fitch ratings agency published a list of retailers they believed had the strong potential to fail and would need to file for bankruptcy protection just to survive.  And between mid April when that list was published until today, one company on that list did go insolvent and announced bankruptcy proceedings. When the Fitch ratings agency announced that a number of retailers were sitti ...

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Governor Moonbeam Jerry Brown insults taxpayers as freeloaders for not wanting to pay even more taxes

As former British Prime Minister Margaret Thatcher once said, "Socialism only works until you run out of other people's money."  And when you couple this with radio talk show host Michael Savage's famous quip that goes "Liberalism is a mental disorder", then you are able to understand the mindset of certain government officials who not only have a disdain for people who actually have wealth, but they also b ...

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Greek austerity reaches saturation point as police now joining with protesters against government

One of the more important geo-political events we have been watching and waiting on the sidelines for in recent weeks is at what point would the police and military finally capitulate to the protesters in Venezuela and realize that the only way things would change in the South American country was to physically oust President Nicholas Maduro in a military coup.  But as that has yet to happen despite their e ...

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Turning point as Davos elites suddenly buying into the Silk Road initiative

With last weekend's Belt and Road Forum now in the history books, the significance of an ever-growing trade route from Korea to London has finally moved from being ignored by the Western elites, to suddenly being seen as a serious threat.  And on May 17 members of the World Economic Forum (Davos) are taking note and have put the new Silk Road 2.0 project squarely on their upcoming Summer agenda. The World E ...

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