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China’s next move in RMB internationalization may come from ground zero of the petrodollar agreement

On Aug. 25 it was reported that Saudi Arabia was preparing to expand its borrowing into a currency other than the dollar by agreeing to begin selling bonds in exchange for Chinese Yuan. As the Middle Eastern oil power, and heart of the long-standing petrodollar agreement, has over the past few years sold debt primarily in dollar denominations to keep their economy afloat following years of low oil prices, S ...

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Can’t call it a housing bubble without homeowners engaging in a deluge of home equity loans

With the American consumer swamped under a massive pile of record debt, it was only a matter of time before the sins of 2008 would be resurrected to try to keep themselves above water.  And while several indicators have emerged that point towards a new housing bubble in data points such as higher prices and subprime lending, a third indicator has reared its head in these homeowners once again engaging in th ...

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Fed’s economic recovery: 78% of American households living paycheck to paycheck

It is already a proven fact that the Federal Reserve's so-called recovery was in the re-capitalizing of the banks and corporate entities through stock buybacks, and not for the citizens or general economy.  And added to this mix is the central bank's buying of the equity markets to ensure that their 'friends' were able to siphon off as much wealth as possible from the Middle Class. Yet within the propaganda ...

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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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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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EU ready to impose economic sanctions on their own member states if they don’t instill more austerity on their people

As the world economy rushes headlong towards its next potential crisis, bureaucrats at the ECB are preparing for this by threatening to fine and implement economic sanctions against their own member nations if they do not conform to demanded financial reforms recommended by the central bank. Note that the threat of fines and sanctions are being made against EU members not over approved policies, but for sim ...

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Feds bust individual tied to the collapse of two Bitcoin exchanges

Last week the U.S. Department of Justice indicted Alexander Vinnik on fraud and money laundering charges tied to not just one, but two Bitcoin exchanges.  And since the Mt. Gox criminal trial is being led by Japanese prosecutors over in the Far East, this indictment is only the second major bust taking place in the U.S., and the first since the feds took down the Silk Road portal a few years ago. This week, ...

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As banks charge higher interest rates on loans, businesses will be getting paid on deposits while individuals get the shaft

One of the primary reasons why banks stopped or severely curtailed paying interest on depositor accounts was because the Federal Reserve lowered interest rates to near zero percent following the 2008 finance crisis.  But with the central bank having raised them four times since December of 2015, these same banks have summarily increased the rates of interest they charge to borrowers while at the same time d ...

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Italian leadership conducting serious debate over both leaving the Euro and the Eurozone

In the U.S., QE and ZIRP policies implemented by the Federal Reserve over the past nine years have resulted in a massive divide between the halves and have nots, and at a disparity not seen since just before the 1929 stock market crash.  In fact, since the central bank chose to backstop the banks and stock markets with tens of trillions of dollars of virtually free money, the wealth redistribution from the ...

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Student loans have now become the MBS of the 2008 financial collapse

If there is one single truth on Wall Street today it is that if bankers can get access to it, it will become financialized. Many who have read the book or watched the movie, The Big Short, know that the Mortgage Backed Security have been around as far back as the 1970's, and played a significant role in helping create economic growth over the next two decades.  But following three small and large financial ...

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Visa offering big incentives to retailers as a way to slowly eliminate cash from the economy

It is one thing for a company to offer incentives to a partner to help promote the use their products in greater amounts, but it is another thing to entice a customer with incentives if they will change their business model entirely. But sadly that is exactly what Visa is doing for retailers now in offering them cash to upgrade their POS (Point of Sale) systems if they then cease to accept cash from custome ...

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Italian bank bailouts allowed despite EU rules because governments know you can only inflict a bail-in one time

Rules introduced by the EU last year forbid taxpayer money being used to rescue lenders without investors also taking a hit. But investors are to be protected under the deal pulled together by Rome and approved by the European Commission. - Express Over the past two weeks, the Italian government was given permission by the ECB to bailout three banks despite the fact that current rules within the European Un ...

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