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America’s allies trust Vladimir Putin more on foreign affairs than they do President Trump and U.S. policy

When you combine President Trump's erratic stances on foreign policy along with Congress's propaganda conflict against Russia, you get a world where even the most staunchest allies of the United States are turning away from the 'Land of Freedom'. And in an interesting poll published on Aug. 17 by the Pew Research Group, more countries trust President Vladimir Putin when it comes to foreign policy than they ...

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Pelosi ignores Obamacare failures and blames Trump for skyrocketing increases to healthcare premiums

Democrats seem to have very short memories when it comes to failures in their own policies.  But even more so, when the electorate then votes them out of office for said failures their natural reaction is to then spin the blame onto the oncoming administration who had nothing to do with those policies. And at front and center of course is the colossal boondoggle that is Obamacare. So following several years ...

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Mises institute weighs in on Bitcoin and cryptos as being more like stocks than currencies

Much of economics today is bound by two schools of thought, with the Keynesian model primarily dominating the financial, monetary, and political spheres within the real world.  But for the alternative community, it is the Austrian school of economics that is most highly prized, especially in their beliefs of a central bank free monetary system. So it is quite interesting when the main gatekeepers of Austria ...

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J.C. Penny becomes the new GM as its share price falls to the level of a penny stock

At one time General Motors was the most valuable company in the United States, and had more employees than any other company or government outside of the Soviet Union.  Yet within just 50 years of this triumphant achievement, GM was not only on the cusp of insolvency, but their stock price had fallen to just barely over $1 per share. Fast forward to 2017... J.C. Penney was also one of the country's greatest ...

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Gambling is still American’s favorite pastime

What if we told you that there was something you could get at your nearest gas station or convenience store that brings in more revenue per year than all the books, music, video games, movie and sports tickets bought annually combined? Well, it is true.  And that item which consumes more spending from Americans than virtually every other form of entertainment is the lottery. In 2016, Americans spent more th ...

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Social Security Trust estimates it needs a $46 trillion bailout to sustain the program

According to a new report sent by the Social Security Trustee Board to Congress a few weeks ago, the nation's primary retirement program may need a bailout of $46 trillion to sustain it going into the future. To picture how big $46 trillion is, imagine multiplying the current national debt by 130%, or multiplying the country's GDP by 300%. A few weeks ago the Board of Trustees of Social Security sent a form ...

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6.5 million Americans paid Obamacare fine rather than pay for out of control medical premiums

For the tax year ending 2016, 6.5 million Americans felt it was cheaper to pay the Obamacare fine/tax than pay for spiraling out of control premiums.  Yet perhaps what is even more poignant is the fact that only 40% of low income Americans even bothered with applying for Federal subsidies to help pay for their medical costs. Thus proving that most people never wanted government controlled healthcare to begi ...

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It’s easy to keep the stock market at all-time highs when central banks are the ones buying stocks

The spectacular rise in stock prices since Donald Trump won the Presidential election last November has been nothing short of miraculous.  In fact, the moves in the Dow to both 21,000 and 22,000 were done in some of the shortest lengths in market history. But what is perhaps most interesting in all of this is how these moves were done with trading volumes being some of the lowest in many years... that is un ...

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Debt balances for U.S. households now greater than just before the 2008 financial collapse

Despite Americans going through millions of foreclosures, bankruptcies, and loss of jobs just nine years ago, few lessons were learned as a combination of declining incomes and the mantra of 'it will be different this time' have led households in the United States to not just accumulate large debt balances, but as of June even surpass the totals held just prior to the financial collapse of 2008. According t ...

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International community sees U.S. a much greater threat than both Russia and China

There is no denying that a large portion of the world sees the U.S. as having replaced the former Soviet Union as the biggest threat to world peace since the former Communist country's fall in 1991, but don't tell that to the politicians in Washington who feel their moral high ground is so great they can unilaterally intrude on the sovereignty of other nations contrary to international law.  And a new poll ...

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Bernie Sanders continues to live out the 1960’s by calling for millennials to carry on political revolution to make America Communist

As Vermont Senator Bernie Sanders prepares to release his newest book, "Bernie Sanders Guide to Political Revolution", the stodgy old legislator is seeking to continue his efforts begun in the 1960's to try to entice today's millennial generation to carry on the revolution of changing America into a Communist state. Among some of the details in Bernie's guide for political revolution is the emphasis on prog ...

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Pot company takes their profits to buy a dilapidated city in California to turn it into a marijuana haven and tourist stop

An Arizona based company dedicated to the burgeoning pot industry has just purchased a dilapidated municipality in the state of California with the intention of turning it into a thriving marijuana center and eventual tourist stop for those wanting the freedom to imbibe on the drug. American Green announced that they have spent $5 million to purchase the city of Nipton, located in the San Bernadino Valley, ...

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