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Illinois so bankrupt that even Powerball dumped them for fear of receiving payments

It is perhaps not ironic that the two states that are most in debt are ones that are ruled completely by Democratic politicians.  And of course we are referring to California and Illinois. However, at least for California they have had the fortitude to pass an annual budget.  But for Illinois, their incompetency at the legislative level is so great that not only have they not passed a budget in over three y ...

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Alternatives to cable TV hit critical mass as Netflix subscribers now outnumber cable owners

There have been numerous articles written and discussions made over how millennials are largely ditching the cable in favor of streaming entertainment.  And when you add in the specific data regarding the millions of lost subscribers to one of cable televisions mainstays ESPN, then what perhaps may have been seen as a short-term fad has now fully turned into a long-term trend as 'cutting the cable' is fores ...

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Paradise gained: U.S.’s largest welfare state per capita is now introducing bill to provide Universal Basic Income

Hawaii, which not only requires massive subsidies on energy and food because nearly everything has to be shipped onto the island, is also the nation's highest welfare state per capita.  And because the island paradise has engendered a long history of paying individuals not to work, it should come as no surprise that on June 16 a bill emerged in the state legislature calling for a Universal Basic Income to b ...

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Economic recovery fraud as 93% of all new jobs are imaginary, and 72% of all businesses are unprofitable

Tens of trillions of dollars in printed money can mask many ills, but there was a reason why the voters chose to elect Donald Trump to the office of President during last year's election... because on Main Street the economic recovery so touted by the Fed has been a complete fraud. And while we could quibble over the fact that 93 million Americans are not even being counted in the nation's labor pool, or th ...

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Be very wary of all-time high stock prices as much of their volume is coming from direct central bank funding

Over the past 12 month, equity prices in the stock markets have soared to new all-time highs while insider selling continues to be a constant.  And despite the propaganda being tossed out by the mainstream business networks that purchases of equities are finally coming from 'money held on the sidelines', the reality is that the only thing propping up stocks is the record amount of money being printed by cen ...

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Trump’s DOJ ends Obama policy of using court settlements to help fund liberal organizations

There were many things that former President Barack Obama did while in office that might be considered improper or even borderline illegal.  For example, Obama secretly took money from Fannie Mae to use to subsidize his Obamacare premium scheme which was not authorized by Congress, who by law holds the power to all monetary appropriations. And on June 7, President Trump's Attorney General announced the DOJ ...

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Seattle continues to prove their goal is to drive businesses completely out

There is a nearly flawless truth when it comes to liberal government policies... they have absolutely no idea how money and finance works.  And whether it is the implementation of Obamacare at the Federal level, which has in just a few short years destroyed affordable healthcare in America, or the implementation of higher minimum wages, which are causing restaurants and other small businesses to either have ...

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Colorado continues to prove that marijuana legalization can get states out of their economic binds

With a few more states voting to legalize marijuana last November, the opportunities to create new industries from the ground floor are becoming open to thousands of new entrepreneurs.  And judging by the benchmark set in the state of Colorado over the past three years when they became the first state to legalize pot, the potential economic returns from the burgeoning industry could be enough to bring many ...

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Corporate hypocrisy reigns regarding climate change following Trump’s remove from Paris Accords

Last week President Trump announced that the United States was pulling out of the Paris Peace Accords and dispensing with the worldwide farce of trying to counter global warming through the destruction of U.S. productivity.  And in response to his announcement, many in corporate America, especially from over in Silicon Valley, publicly crucified the President as being someone who cares little about the envi ...

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Legendary investors states sanctions against Russia have actually helped their economy, not hurt it

Famous intellect Albert Einstein once coined the definition of insanity to be when one does the same things over and over and expects a different result.  And while Washington's use of economic sanctions may have achieved a certain amount of success a couple of decades ago when they were used against Iraq leading up to the Gulf War in 1991, and Hussein's final ouster in 2003, they have proven themselves to ...

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Ratings agencies downgrade the State of Illinois to virtual junk

In a place where they have the largest migration of people leaving the state, and are near the top of the list for financial insolvency in the country, on June 1 the ratings agencies of Moody's and S&P downgraded Illinois' credit rating to just one step above junk. Ever since the 2008 financial crisis the state of Illinois has seen its budget deficits go up, its crime rates skyrocket, its taxes increase ...

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EU politicians will fail in their attempts to enact Donald Trump’s ‘Art of the Deal’ over Brexit

One of the primary reasons why most governments are either bankrupt, under massive debt, or completely insolvent is because politicians have no real understanding of money, finance, and economics.  And it is also why most of their legislation today is written for them by corporations such as with Obamacare, and with Dodd-Frank. In fact the majority of politicians in the West are a combination of lawyers and ...

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