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50 years of rising inflation has led to Americans working longer, and dying earlier

For all intents and purposes the Great Society implemented by then President Lyndon Bains Johnson has been an undeniable failure.  It's goals were to end poverty and racial injustice, however there is more poverty today in the U.S. than in 1965 when the welfare state was created, and perceived racial injustice is just as great as ever. In the mid-1960's America had a booming economy and a relatively balance ...

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The catch-22 of tax cuts and how will the government fund social security and $220 trillion in obligations

Ever since the Great Depression, the United States government has been writing checks that future generations would never be able to cash.  And this includes social security and a welfare system where over one-third of the American public already feeds off of. And while President Donald Trump is correct in realizing that the economy will not grow without a massive program of tax cuts and tax reform, the bot ...

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FDIC closes down seventh bank of 2017 in the state of Kansas

On Oct. 13, the FDIC closed down their seventh bank of 2017 as The Farmers and Merchants State Bank of Argonia shuttered its doors.  This institution is the first bank failure for the month of October, and it is also the first bank closure in the last five months. 10/13/2017 *** Kansas *** Argonia *** The Farmers and Merchants State Bank of Argonia *** $2.6 million dollar estimated FDIC DIF cost. The total ...

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Real estate value investors flock to Houston as the best time to buy is when there is ‘water’ in the streets

Because flood insurance is not very affordable for those living in coastal cities around the United States, quite often after hurricanes a lot of homes do not get rebuilt, re-modeled, or even worse, many homeowners end up going into foreclosure. The elite have a saying that the best time to buy an asset is when there is 'blood in the streets', and modifying this axiom just a little bit, it appears that real ...

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Keeping Greece in austerity profitable for the ECB as the central bank reaps windfall from holding their debt

For almost the past decade Greece has become Europe's poster child of economic decline, with nearly every financial institution within the Eurozone bent on keeping the Southern European country in poverty and austerity.  And even with an extreme changes in their political structure through the election of the Syriza Party, Greece has remained virtually enslaved to the debts they incurred leading up to the f ...

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Chicago to repeal soda tax after citizens finally rebel against legislative over-reach

Historically, Chicago is one of the most corrupt cities in America with the municipality being dominated by a combination of organized crime, dynastical families, and unions.  And the victims of this corruption have often been the citizens of Chicago who even today live in fear from potential homicide that law enforcement can't even begin to deal with. And in response, Chicagoans are leaving the City and st ...

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In just one month the Federal Government increased the National Debt by over $300 billion

It didn't take long for the Federal government to cross the $20 trillion threshold when Congress facilitated a three month extension of the debt ceiling last month, and it appears from early indications that the final 100 days of 2017 could bring that debt very close to $21 trillion. This is because in just the past 30 days, the national debt has increased by over $300 billion, with tally's still awaiting w ...

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Desperate home builders seeking Millennial buyers by offering to subsidize their student loan debts

With the Housing Bubble 2.0 really beginning to cause stagnation in the real estate markets, one home builder appears to be more desperate than ever to try to entice Millennials out from Mom and Dad's basement and into a new home.  And what they are focusing on is a way to shift their student loan debts into mortgage debt by offering to pay off a portion of their loans if they put money down for a new home. ...

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You know the jig is up with the economy when the Fed admits they were wrong about inflation and jobs

Despite employing hundreds of P.H.D. economists as well as having access to the very best data, the Federal Reserve has proven itself to have been little more than a propaganda tool, and a mechanism by which the remaining wealth of the people has been funneled into the hands of a few.  And with the central bank's credibility having been destroyed through the ignorance and outright lies of its former and cur ...

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U.S. sanctions against Russia have now helped replace Exxon Mobile with Gazprom as world’s largest energy company

Perhaps one of the biggest ironies in the ongoing sanctions war against Russia is that the U.S. continues to shoot themselves in the foot the more they try to impose their economic will on Moscow. Over the past four years both the U.S. and Europe have seen economic declines once they chose to place a 'red line' against Russia over Washington's own funded Maidan coup in Ukraine.  And in the meantime, Russia ...

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Leaked Tax Reform plan misses the boat completely since America is a consumer economy, not a manufacturing one

Earlier this afternoon Axios published what they called a 'leaked' outline of President Trump's planned legislation for tax reform.  And of course both Republicans and Democrats in Congress responded with their tired old complaints about the rich not being taxed enough, and the deficit not allowing for large cuts. However none of their arguments actually hold any water since the majority of big corporations ...

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The state and municipal pension ponzi schemes are beginning to pop with Ohio next on the docket

If there is anything that politicians are good at doing it is ignoring potential threats until they suddenly fall out of the sky and bring to their doorstep a slew of angry constituents.  Yet before this happens these same politicians will try to kick the can of any proverbial crisis down the road until they no longer are in office to deal with it, or they can somehow spin the crisis to their benefit. One o ...

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