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As Bitcoin crosses back over $700 look for an even higher price with new burst of Chinese buying

On Oct. 29 Bitcoin soared back over $700 as global financial worries make holding any currency other than the dollar a risky proposition.  And with China engaging in a new round of currency devaluation for the RMB over the past few weeks, Chinese investors have been once again rushing into the crypto-currency as a safe haven. Earlier this week, we pointed out that after tracking the recent drop in the Yuan ...

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Besides the potential of progressive Supreme Court Justices should Hillary win, be very afraid of who she might choose for next Fed Chairman

There has been a great deal of rhetoric over the past year on how the current Federal Reserve Chairman has been using monetary policies in an attempt to mask the true nature of the economy in order to help Hillary Clinton win the Presidency.  But despite the fact that many within the Fed have given overwhelmingly to the Clinton campaign this election season, a scarier thought should be focused on who Hillar ...

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European banks ordered to inventory any exposure they may have to Deutsche Bank

After a few weeks of virtual silence, news has begun to mount once again regarding the solvency of Germany's largest financial institution.  And just a few hours after Deutsche Bank either voluntarily or were ordered to audit their derivatives book out of fear that trillions in risk may have been mis-priced, the Bank of England is calling for their own audit of UK banks to see how exposure each might have t ...

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Consumer confidence falls off a cliff just weeks before Presidential election

Higher inflation expectations, a 25% increase in Obamacare premiums, and a less than expected Christmas holiday shopping season are just some of the factors leading to the largest drop in Consumer Confidence in the past 11 months. On Oct. 25, the last Confidence survey before the Presidential election came out and saw a massive drop of nearly six points from last month which is a bad sign for Hillary Clinto ...

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France joins other EU countries in looking to establish a universal income for its people

With the EU likely in a new recession, and France's GDP going negative for last quarter, the Hollande government has finalized a study which would provide a basic universal income to at least 30,000 individuals to start, and expects the program to one day provide free money to everyone in the French economy. Joining countries like Finland, Norway, and even Canada, the government in France appears to have gi ...

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Bankers want Hillary Clinton to impose a tax on the American people to support Wall Street liquidity

A week ago I wrote an article on how fascism had fully integrated itself into the U.S. government, and where in a Wikileaks dissemination we found out that Citibank had given a list to incoming President Barack Obama on who to assign to his cabinet and as expected, many of these 'suggestions' were implemented. But as we head towards the election of a new President in less than three weeks, an interesting op ...

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Just days after Euro architect predicts the end of the currency, the ECB goes to war against Bitcoin

When Ayn Rand wrote about how to bring down a statist system in her book, Atlas Shrugged, she used the fictional character John Galt as her protagonist to pave the way for people unable to administer change in a government to effect real change by simply getting out of the system.   And in the real world this is being done by an ever growing population moving into crypto-currencies like Bitcoin, and out of ...

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The Dallas police force recognize in their pension funds what most Americans don’t in their banks

Last month we wrote a story on how the Dallas pension fund suddenly became a microcosm for the entire financial system... by this we meant that once corporate and bank balance sheets were forced to record their assets at mark to market, the world would discover that nearly all of them were completely insolvent.  But unlike many Americans who usually don't keep track of their retirement funds, or bother to m ...

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Co-founder of the Euro predicts the currency will soon implode thanks to central bank policies

Back in 1999 when the Euro currency was launched as the vehicle to tie together the trade partners who made up the continental union, one of its co-founders and chief architects was Otmar Issing.  And now 17 years later, this architect and first chief economist of the European Central Bank is predicting its demise. For many European countries the Euro originally represented a stable currency platform to ass ...

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WikiLeaks: Full Transcript of Hillary Clinton’s Goldman Sachs Speeches

WikiLeaks: Full Transcripts of Hillary Clinton's Paid Goldman Sachs Speeches Leaked Click HERE to see the email "attachments" containing the full transcripts Goldman Sachs paid speeches To: jpalmieri@hillaryclinton.com, john.podesta@gmail.com, slatham@hillaryclinton.com, kschake@hillaryclinton.com, bfallon@hillaryclinton.com, gruncom@aol.com more Date: 2016-01-23 22:08 Subject: Goldman Sachs paid speeches-- ...

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Majority of most Americans have less than $1000 in savings

The ultimate outcome of central bank manipulation on America's monetary system is nearing its completion as a new report out on Oct. 9 shows that the majority of people, at least 70%, have less than $1000 in savings to deal with everyday and emergency expenses. Zero interest rates policies (ZIRP), and a unprecedented expansion of the money supply by the Federal Reserve has created an environment where consu ...

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No one really knows how insolvent EU banks really are since the ECB allowed some to cheat on their ‘stress tests’

Over the past year both the Federal Reserve and the European Central Bank (ECB) conducted a number of 'stress tests' to try to gauge how strong or even insolvent many of their member institutions really are.  In the U.S., the Fed gave a blanket approval to nearly all their major banks, which then led several of them to cash out their emergency reserves and use them to buy back stock in order to boost bonuse ...

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