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With a high taxation and an overbloated welfare system, the EU continues to drive nations into poverty

Democratic Senator and former Presidential candidate Bernie Sanders loves to point towards Europe as a blueprint for his Socialist Utopian agenda.  But like nearly all collectivists, Sanders has no real understanding at all of economics and finance.  And even taking aside the Socialist failures of both Cuba and Venezuela in helping to bring prosperity to their people, the European Union doesn't have that gr ...

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Kentucky Senators co-sign bill to create economic freedom zones in hard hit communities around the country

Since members of both the House and the Senate have chosen to waste their time chasing the false allegations of Russian hacking since Donald Trump entered the White House, very little has been accomplished in dealing with the problems facing the American people.  However on July 14 both Senators from the state of Kentucky appear to be finally getting off their chairs to offer some type of legislation that w ...

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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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While the state of Illinois’ credit rating teeters just above junk, the City of Harford beats them to the punch

Despite the fact that the state of Illinois finally passed a budget for the first time in three years,  Moody's ratings agency last week stated that it probably won't be enough to keep their credit rating from falling down into Junk status.  And while this eventual move by Moody's will make Illinois the first ever state to fall into that low level of credit stability, over in Connecticut the drop in credit ...

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Just like in Iraq and Afghanistan, China to reap the economic benefits in Syria after the U.S. pays the costs of war

While President Donald Trump is attempting to diverge from the policies of war and pillaging that have proliferated Washington for several decades since the end of the Cold War, America's biggest economic adversary continues to quietly fill in the vacuum's left behind following U.S. intervention.  And with the conflict in Syria looking very much like it is coming to an end with the defeat of ISIS, China is ...

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California legislators on the verge of treason against the Constitution and Federal government

Article 1, Section 10, Clause 1 of the Constitution. No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. Under Governor Jerry Bro ...

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Social media raises the bar on war against CNN by calling for boycott of their advertisers

For those who have been in isolation over the past few weeks, the months of June and July have not been very friendly to CNN.  And for the network that is front and center in the global mainstream media backlash by the people over their awakening to fake news and propaganda, perhaps the news network's last straw come in their attempting to take on the professionals of social media. Tweet by Poland's Preside ...

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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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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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