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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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Congress fights Trump’s budget proposal as welfare programs reach record levels of applicants

Earlier this week, the Trump administration rolled out the President's next fiscal year budget proposal which on the surface seeks to cut $1.7 trillion from expenditures over the next 10 years. But as most Americans know from years of experience, Congress doesn't have the stomach to cut anything once they have promised it as an entitlement to the majority of the people.  And it is no different today with th ...

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President Trump proposes budget that will force Congress to show Americans their fiscal irresponsibility

On May 22 early reports came out on President Trump's first budget proposal that is expected to not only be rejected by both parties in Congress, but reveal to the American people how the legislative branch has no intention of ever cutting spending. In details leaked out from Trump's budget proposal, the President is seeking to cut $1.7 trillion from entitlement programs over the next several years, with a ...

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Governor Moonbeam Jerry Brown insults taxpayers as freeloaders for not wanting to pay even more taxes

As former British Prime Minister Margaret Thatcher once said, "Socialism only works until you run out of other people's money."  And when you couple this with radio talk show host Michael Savage's famous quip that goes "Liberalism is a mental disorder", then you are able to understand the mindset of certain government officials who not only have a disdain for people who actually have wealth, but they also b ...

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Hillary Clinton is back with new scheme to get donations now that Clinton Foundation has been scuttled

With Hillary Clinton losing the Presidential election last November, perhaps the most important thing to the Clinton cabal was their sudden drying up of donations to their foundation because without the ability to guarantee political and contractual favors, there was no more need to 'pay to play'. The Clinton Global Initiative (CGI) filed a WARN ‚ÄĒ Worker Adjustment and Retraining Notification ‚ÄĒ with New Yor ...

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Stock market has replaced pits on Wall Street with antennas in New Jersey and Chicago

With the advent of high frequency trading, and exchanges allowing the big banks to front run every trade made on their platforms, the antiquated system of buying and selling in 'pits' by live hawkers is long gone and has been replaced by antennas in the fields of New Jersey and Illinois that stand as monoliths to the greed of Wall Street. Today's Wall Street trading platforms Banks and major brokers pay mil ...

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The former haven for wealthy New York hedge fund managers on verge of collapse as Connecticut prepares for bankruptcy

For a long time now the state of Connecticut has acted as the 'suburbs' for wealthy New Yorkers who sought to live in the much friendlier tax haven just a few hours outside of Wall Street.  But as the state began to impose new sliding tax schemes on the rich, and the boom of the past decade has begun to recede for many of these hedge fund managers, Connecticut is no longer thriving as the safe haven it once ...

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Treasury Department creates website where the public can follow where their tax money goes

On May 9 the U.S. Treasury Department launched a new website intended to allow the public to follow where their tax money goes in regards to government spending. Labeled as USA Spending, the website is an attempt to show a bit of transparency when it comes to how the government spends your money, and provide real time tracking of dedicated monies. On Tuesday, the US Treasury launched a new website designed ...

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