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China’s reaction to President Trump’s Tax Reform Act shows that the legislation was also a trade policy

With Congress able to get tax reform legislation passed before the end of 2017, most Americans and small businesses will be able to reap the benefits in their upcoming tax filings for last year.  However with that aside, one of the more interesting consequences of the Tax Reform and Jobs Act is how it is also acting as both a trade policy, and even as a foreign policy. By foreign policy we mean that it has ...

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Forgotten among the cryptocurrency mania of 2017 is the fact that global stocks achieved records never before seen

By far the biggest growing sector in the markets was of course cryptocurrencies, with several achieving gains of 2000, 5000, and even 10,000%.  In fact Bitcoin alone started the year just over $1000 per coin and at one time in December it had crossed over $20,000. But forgotten in all of this has been the historic moves in the equity markets.  And according to two reports out today on Dec. 29, not only are ...

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The rich got richer in 2017, but mostly on paper as their wealth is tied primarily to the stock market

According to a new study from Bloomberg, the world's richest people saw an overall increase to their wealth by over $1 trillion as the divide between the 1% and 99% got wider. However what is missing from this equation is the underlying truth that all the machinations done by the central banks over the past six years have been primarily dedicated towards siphoning wealth upward, and this can be seen by the ...

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2018 could see the return of commodity inflation

As we come to the end of 2017, two primary industrial commodities are beginning to soar in price.  And this forecasts the so-called 'missing inflation' that central banks have been moaning about since they began their QE programs. The first commodity expected to break much higher is that of oil. Oil prices are likely to drift higher in 2018, Andy Lipow, President, Lipow Oil Associates told RT. Global demand ...

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Even with the Fed expected to raise rates in December, Americans kept the housing bubble chugging with record numbers in November

While most Americans only give a modest care to the rate of interest they pay for their mortgages since the current rates are at or near historic lows, three rate hikes in 2017 by the central bank has done little to cooldown the housing bubble the Fed helped regenerate over the past eight years. In fact with the November numbers out for new home sales crushing expectations to the point that November saw the ...

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Contrary to unpopular belief, history shows that ‘wild west’ markets like cryptocurrencies need some form of regulation

Perhaps no other financial market could best compare with cryptocurrencies than what the United States experienced between 1816 and 1863 during the era of 'Wildcat Banking'.  Because during that period when bank charters were tied to territories and emerging states, and where many of these banks actually printed out their own forms of money and script, the amount of fraud, insolvency, and overall speculatio ...

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FDIC closes down eighth bank of 2017 in shuttering one from the city of Chicago

On Dec. 15, the FDIC closed down their eighth bank of 2017 as Washington Federal Bank for Savings shuttered its doors.  This institution is the first bank failure for the month of December, and it is also the first bank closure in the last two months. 12/15/2017 *** Illinous *** Chicago *** Washington Federal Bank for Savings  *** $60.5 million dollar estimated FDIC DIF cost. The total DIF for failed banks ...

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Those seeking liberty now prefer digital securities like Bitcoin over gold in new survey conducted by Ron Paul

A week ago, former Congressman and Presidential candidate Ron Paul conducted a non-scientific survey for those who follow him on Twitter and discovered that by a large margin that individuals who support him and his liberty movement now prefer investing in Bitcoin more than the long-time mainstay that is gold. Perhaps what is also most ironic from this survey is that Ron Paul has been a staunch advocate of ...

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Government seizure of $3 billion in Bitcoin from criminal organization helps push the meme that cryptos are only for lawbreakers

To wit, most governments to this point have dealt with Bitcoin and other cryptocurrencies using a velvet glove.  By this we mean they have primarily used propaganda and rhetoric to try to dissuade the general public from moving into it, or instituted minor threats such as focusing on making sure Bitcoin sellers pay their rightful taxes to try to limit its use in the general economy. However one of their big ...

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Financial establishment gets its wish as Mom and Pop investors erase memories of 2008 and are back to all in the stock market

Just as most of the public has repressed events from 16 years ago when terrorists attacked and laid waste to the World Trade Centers back on 9/11, so too it appears they have forgotten what took place in their portfolios following the 2008 financial crash.  This is because nearly 10 years after 'promising' never to touch the stock markets again after their wealth and retirement accounts were downsized betwe ...

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Was Bitcoin’s tumultuous volatility over past two days a prelude to when the CME starts their futures contracts next week?

December 11 is expected to be a red letter day in the story of Bitcoin as the Chicago Mercantile Exchange (CME) is set to begin selling paper futures contracts for the cryptocurrency.  In the meantime however,  the market is suddenly wondering how this will truly affect the decentralized digital currency if the past two days of trading on their primary exchanges is any indication. Not since the the slew of ...

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Potential nominee to become a Fed governor wants to abolish cash and institute negative interest rates during next crisis

While President Trump prepares to fill numerous more positions at the central bank beyond those of Fed Chairman and Vice-Chairman, one of his potential nominees for a seat as a Fed Governor is an interesting anomaly.  First Marvin Goodfriend would be a departure from the last eight to seventeen years of Fed intervention in the markets outside of a full blown crisis, but on the other hand if a crisis should ...

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