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While the last few years of populism have been focused on the political, expect the next leg of change to be economic

In an interesting correlation between today and the last great populist movement from the 20th century, each stage of the movement appears to be going in lockstep with what took place during the previous cycle of the 1920's and 30's.  And in a new study published by billionaire hedge fund manager Ray Dalio, that next step following the political unrest of a populist uprising is the pendulum swinging around ...

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After creating a dollar denominated cryptocurrency, Coinfix is setting their sights on several others

Last week, Coinfix announced they had created a new cryptocurrency that would be focused on the dollar, and denominated in it with a 1:1 exchange rate.  Now on Nov. 20 the company is ramping up their scope to soon include several other sovereign currencies in their cryptocurrency model. Blockchain company Coinfix which recently launched a US dollar-backed digital currency called USC, based on smart contract ...

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With the Fed lying about unwinding balance sheet, the central bank appears to have no intention of letting stocks tank

Since the end of summer, Janet Yellen stated during one of the Fed's FOMC meetings that the central bank would begin unwinding its $4.8 trillion balance sheet in October since the economy 'appeared' to be able to stand on its own.  But according to analyst Dave Kranzler over at Investment Research Dynamics, not only has the Fed not begun to unwind, but their balance sheet has actually increased between Octo ...

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Incoming Fed Chairman dreaming up ‘new tools’ for next recession since central banks haven’t normalized from previous one

In a recent discussion on monetary policy, President Trump's incoming Fed Chairman stated that he believes there is a need for central banks to work on 'new tools' to deal with the next worldwide recession. Central banks as a whole, which include the Bank of Japan, Bank of England, the European Central Bank, and of course the Fed, have not normalized their monetary policies since the last recession eight ye ...

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White House looking at former Pimco exec to replace Stanley Fischer as second in command at the Fed

On Nov. 14 news broke out that President Donald Trump was taking a serious look at Mohamed El-Erian to replace Stanley Fischer as the Vice-Chairman of the Federal Reserve.  El-Erian has a long history working in an industry that deals significantly with interest rates as he formerly was the second in command behind Bill Gross at the world's largest bond insurer. In what will come as a big surprise to many F ...

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Combined consumer debt back at all-time highs heading into Christmas shopping season

After a brief respite earlier in 2017, all of a sudden consumer debt across the board has surged in the areas of student loans, auto loans, and credit card debt just weeks before retailers hope to have their biggest selling period of the year. In fact credit card debt has soared back over the $1 trillion mark after falling below this Maginot lone during the summer, leading to a validation of a recent survey ...

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Trump’s tax reform will be meaningless unless he stops the Fed from imposing the hidden tax of inflation

For producers and consumers there are two primary ways to be taxed... directly and indirectly.  And judging by how the Fed has been allowed to hold sway over both fiscal and monetary policies since the 2008 Financial Crisis, President Trump's tax reform plan will end up being meaningless if he doesn't reign in the central bank's programs that have led to rising inflation. Over the past several years the Fed ...

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Bitcoin related jobs emerging as one of the top trends on international recruitment sites

Despite the rise of robots potentially taking over 50% or more of the world's jobs over the next decade, the advent of cryptocurrencies are spawning new industries that are now requiring innovators to build the platforms and technologies of the future using the Blockchain.  And according to a trend forecast on the international job recruiting site Freelance.con, Bitcoin and other cryptocurrency based jobs a ...

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Another move away from U.S. hegemony could come soon as Europe mulls ditching the IMF

The International Monetary Fund (IMF) has a long reputation as being little more than a financial tool of the West used to impose U.S. hegemony on other nations through their getting them to borrow unsustainable debt.  And as we saw just a few years ago in Greece regarding negotiations over their own debt obligations, the IMF has little interest in aiding countries so that they can become economically sound ...

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And then there were two in the race to become the next head of the central bank

On Oct. 26 a report surfaced that two of the four primary candidates to become the next head of the Federal Reserve have pulled out of contention, leaving front runner Jerome Powell and the hawkish economist John Taylor as the two most likely to fill the top positions at the central bank. Outgoing Fed Chairperson Janet Yellen was unlikely to retain her place at the head of the Federal Reserve when President ...

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As part of tax reform Congress is looking at limiting deductions for contributions to 401K plans

When it comes to IRA's and 401K's, these programs are a catch-22.  The positive side of course is that contributions to each provide individuals a way to cut down on their tax obligations in the short term while also investing for their retirement decades down the road.  However there is also the dirty little secret few ever realize when they simply give thousands of dollars to Wall Street, and that is that ...

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Despite a slowdown in Yuan internationalization, 60 countries now hold the RMB as a reserve currency

Over the past four to six months, expansion of the Yuan in trade settlement has stalled a bit as countries have fallen back to holding dollar in light of declining economic conditions.  However with the acceptance of the RMB into the IMF's SDR basket of currencies, 60 nations, including the ECB, now hold Yuan as a reserve in their central banks. More than 60 countries and regions have adopted the Chinese re ...

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