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IMF double speak at Davos as Lagarde says 2017 economy should be good, but there are factors that could lead to volatility

It seems like all central bankers have two things in common... they cannot under any circumstances tell the truth, and they cannot state their analysis in plain terms. For years the U.S. central bank has gotten away with this type of obfuscation, saying that the economy is both good and bad at the exact same time.  So perhaps it is of no surprise that another of the world's main central bankers at the World ...

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Insanity: Doing anything the Fed suggests and expecting a different result

Radio personality Michael Savage is famous for saying, "liberalism is a mental disorder".  And for those of us in the U.S. who have watched the central bank churn out one bubble after another since the 1990's and expected that THIS TIME would be different, it appears we can add Keynesianism as well to Savage's list of mental illnesses. Artificially low interest rates and cheap money led to both a housing bu ...

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IMF Chief tells Davos elites that the way to fight populism is to give away free stuff

This week heralds the annual Davos World Economic Forum, where elites go to eat $40 hot dogs and discuss global topics that they have no idea about.  And all one has to do to validate this is to realize that nearly every one of the thousands of participants jetting into the high mountains of Switzerland never saw the potential of Britain leaving the EU, or Donald Trump getting elected as President of the Un ...

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FDIC closes down first bank of 2017 in the state of New Jersey

On Jan. 13, the FDIC closed down their first bank for 2017 as Harvest Community Bank shuttered its doors.  This institution is the first bank failure for the month of January, and the first New Jersey bank closure since April of 2012. 1/13/2017 *** New Jersey *** Pennsville *** Harvest Community Bank *** $22.3 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $22.3 million. ...

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Bitcoin volatility not tied to the crypto-currency itself, but the corruption of the exchanges

Over the past month we have seen the price of Bitcoin in multiple currencies travel as if on a roller coaster... shooting to nearly its record all-time high, then falling just as fast and almost as far as to when the move up started.  And this volatility has been without a doubt due to the actions of Chinese bitcoin investors. However there are questions circulating out there that need to be addressed, incl ...

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Bitcoin surge from Chinese population leads to further capital controls directed against digital currency

As the Chinese Yuan has experienced intense pressure in recent weeks due to the dollar climbing over 100 on the index, the government has sought to institute stringent capital controls to prevent capital flight by the people wanting to flee out of their currency.  Yet this is exactly what has been happening as multitudes of Chinese have found Bitcoin to be the best and most fluid middleman to move their wea ...

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Global debt jumps by $17 trillion in 2016 to be 325% of annual GDP

Most Americans have heard that the National Debt in the United States is near or at $20 trillion, but very few realize that the debt problems are even worse when you calculate the total amount from all economies.  And with global debt rising by $17 trillion in 2016 from its total of $200 at the end of 2015, this equates to a debt to gdp ratio of 3.25:1. Or in easier terms to understand, 325% of the world's ...

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Congressman Paul submits bill to Audit the Fed, and it appears to have strong support from Trump

While there are many ideals and thoughts on policy that Senator Rand Paul has different from his famous father, the one thing they both have in common is a disdain for the Federal Reserve.  And just as the legislature began a new Congress on Jan. 3, the Senator from Kentucky is once again bringing forth a bill to conduct a long needed audit of the nation's central bank. But as opposed to previous bills subm ...

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European Central Bank changes capital requirements so that insolvent Deutsche Bank can pay big bonuses

Never let yourself be fooled... the SOLE purpose of a central bank is to aid in the profit and stability of their member banks.  If by their monetary policies they happen to aid the sovereign nation they are tied to, then it is nothing more than coincidence or happenstance. Eight years ago, when the financial crisis led the U.S. Treasury and Federal Reserve to beg for a taxpayer funded bailout of the banks, ...

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Bitcoin skyrockets to over $900 as currencies begin to crater in China, Canada, and Australia

Over the past three days, Bitcoin has soared by more than $180 as it climbed over $900 per coin for the first time in three years.  And expectations of the crypto-currency crossing over the $1000 USD threshold before the end of the year is not out of the realm of possibility. The primary reasons behind this parabolic move is the collapsing of several currencies late this week which include China, Canada, an ...

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Barclay’s dumps 7000 investment clients because they don’t do enough trades and pay enough fees

Over the past eight years, and in particular over the last two, most equity trading in the stock markets has been done by high frequency trading computers, corporations buying back their own stock, and the institutions themselves who are using cheap borrowed money to bring the stock markets to all-time highs.  And because of this trend, banks such as Barclay's are summarily dumping retail clients because th ...

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Is Christine Lagarde’s conviction a Kahn job to force her out of the IMF?

On Dec. 19 a French court convicted IMF chief Christine Lagarde of negligence while serving in the office of Finance Minister eight years ago.  However, the court also ruled that she would not receive any real punishment, jail time, or fines for this conviction. Interestingly, this scenario is looking eerily similar to what happened to the former head of the IMF, Dominique Strauss-Kahn, who was setup with a ...

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