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Puerto Rico’s default and bankruptcy four times bigger than that of Detroit

When the City of Detroit defaulted on their debt and were forced to file for Chapter 9 bankruptcy back in 2013, it was the largest municipal bankruptcy in U.S. history. Until now. That is because the U.S. protectorate Puerto Rico on May 3 defaulted on their own debt, and are about to surpass Detroit by a measure of four in becoming the new largest municipal default. As per our report last night that followi ...

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Bank run on Canada’s largest alternative home lender could potentially lead to systematic run on all banks

One of the biggest warning signals that went primarily under the radar leading up to the 2008 banking collapse and financial crisis was the run on Northern Rock bank in the UK a year earlier.  And while the British exchequer was able to mollify the public through a series of emergency measures to stop the run, it was a foreshadowing of the bursting of the Western housing bubble, and was close to ground zero ...

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Consumer debt defaults accelerating shortly after overall credit card debt crosses $1 trillion

If the 2008 financial crisis was known for its millions of foreclosures, the next collapse will likely be remembered for the amount of defaulted debt that occurs for consumers, corporations, and perhaps even major sovereign governments. And part of these debt defaults are already beginning shortly after consumer credit card debt has escalated to over $1 trillion. Two weeks ago, when JPMorgan launched Q1 ear ...

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Mainstream media irony: New York Times subscribers rebel when they hire non-fake news journalist

It must be true that the mantra of liberals is that 'ignorance is bliss' because despite the hemorrhaging of subscribers over the past several years that the New York Times has experienced for all their fake news reporting, many of the remaining readers are now in an uproar after the newspaper hired someone who has a history of speaking out against the false topic of climate change. That's right.  Remaining ...

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FDIC closes down fourth bank of 2017 in the state of Louisiana at a cost of nearly $1 billion

On April 28, the FDIC closed down their fourth bank for 2017 as First NBC Bank shuttered its doors.  This institution is the first bank failure for the month of April, and the first Louisiana bank closure since November of 2011. 4/28/2017 *** Louisiana *** New Orleans *** First NBC Bank *** $996.9 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $996.9 million. If you were ...

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A rounding error may be only thing keeping U.S. economy from negative GDP in first quarter of 2017

As we wait upon the 'official' final number from the government regarding first quarter GDP, on April 27 both the Atlanta Fed and JP Morgan downgraded their forecasts to .02 and .03% respectively.  And in essence this equates to little more than a rounding error since government modeling adds in double 'seasonal adjustment' variables that tend to always skew the outcome positive. We now believe that real GD ...

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Climate change scam artist Al Gore has a new scheme and it will only require $15 trillion from world governments

If there was just one thing a person was to do in attempting to find out the truth behind both man-made global warming, and then its transition to 'climate change', they would simply have to follow the one hard and fast golden rule... follow the money. When hundreds of climate scientists published and signed their names to a UN study on global warming, and man's effects behind its cause, their 'science' was ...

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Nothing to see here as Dow crosses back over 21,000 and global markets hit new all-time highs

Despite continuing insolvency threats to Italian and German banks, economic data that shows the U.S. is well into a recession, and central banks that are tapering their punch bowls at a rapid pace, on April 25 the markets have summarily ignored all true indicators and are back into the sphere of 'irrational exuberance' as the DOW once again crossed back over 21,000, and world exchanges achieved new all-time ...

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Despite Macron’s slim victory in 1st round of French elections, the EU fears rising populist power via Le Pen

For the financial markets, yesterday's first round of French elections could not have gone off better.  That is because the pro-EU candidate Emmanuel Macron won out by two percentage points over right wing challenger Marine Le Pen, setting up for what most analysts believe will be an easy victory for Macron in the runoff election. However not everyone is completely thrilled at what some are calling 'Germany ...

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The Trump brand rising in China is not from The Donald, but from Ivanka

Even long before Donald Trump decided to run for and win the Presidency of the United States, his business endeavors were all built around growing his name as a brand which would stand out with the greatest of corporations.  And whether it was in real estate, casinos, resorts, or reality television, more people around the world know of the name Trump than they do Rockefeller, Rothschild, and even the world' ...

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False flag alert as Homeland Security prepares for exercise in New York City

One of the primary reasons why the alt media is so powerful and such a threat to the establishment is because thanks to the internet, most attempts at false flag attacks and propaganda campaigns are easily discovered thanks in part to the very tools the elite created to use on the citizens. Case in point.  In most of the terror attacks that have occurred in the 21st century, the government was involved in a ...

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Did the U.S. experience a cyber attack to the grid today, or are Trump’s infrastructure projects now a necessity?

On April 21 three major cities experienced prolonged blackouts as rumors abound that the electrical grid may have been struck in a cyber attack on U.S. infrastructure. San Francisco, Los Angeles, and New York City all had varying degrees of blackouts today, with the Northern coast of California being hit the hardest. The U.S. power grid appears to have been hit with multiple power outages affecting San Fran ...

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