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Student loan default rates exceed 'fake data' numbers published by Obama administration

If there was one thing that Donald Trump could do to both protect his Presidency's economic future, and crush Barack Obama's false legacy, it would be to go back and redo every single economic data point that has been manipulated to fulfill the false narrative of an economic recovery.  From fake unemployment and GDP numbers, to the actual values of core and price inflation... coming out early and announcing ...

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In Obama’s final days he opens the door for food stamps to be used at online retailers like Amazon

As President Barack Obama accelerates towards his final day in office, the Welfare Chief is pushing through as many punitive regulations as he can possibly enact.  And besides the one where he unlawfully labeled all disability recipients as being 'mental defectives', thus robbing them of their 2nd Amendment rights to own a firearm, his newest scheme involves allowing Food Stamps (EBT Cards) to be used in ma ...

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In Obama's final days he opens the door for food stamps to be used at online retailers like Amazon

As President Barack Obama accelerates towards his final day in office, the Welfare Chief is pushing through as many punitive regulations as he can possibly enact.  And besides the one where he unlawfully labeled all disability recipients as being 'mental defectives', thus robbing them of their 2nd Amendment rights to own a firearm, his newest scheme involves allowing Food Stamps (EBT Cards) to be used in ma ...

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FDIC closes down first bank of 2017 in the state of New Jersey

On Jan. 13, the FDIC closed down their first bank for 2017 as Harvest Community Bank shuttered its doors.  This institution is the first bank failure for the month of January, and the first New Jersey bank closure since April of 2012. 1/13/2017 *** New Jersey *** Pennsville *** Harvest Community Bank *** $22.3 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $22.3 million. ...

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Sanctions against Russia have gone on so long that Moscow may never go back to previous trade partners

In the 20th century, and perhaps even after the advent of trade coalitions like the European Union, when international bodies implemented economic sanctions on a country, it was usually a death knell for their economy since anyone who broke the embargo was either investigated, fined, or hit with sanctions themselves. (Go back to France when they did the Oil for Food trade with Saddan Hussein when Iraq was u ...

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Bitcoin surge from Chinese population leads to further capital controls directed against digital currency

As the Chinese Yuan has experienced intense pressure in recent weeks due to the dollar climbing over 100 on the index, the government has sought to institute stringent capital controls to prevent capital flight by the people wanting to flee out of their currency.  Yet this is exactly what has been happening as multitudes of Chinese have found Bitcoin to be the best and most fluid middleman to move their wea ...

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Global debt jumps by $17 trillion in 2016 to be 325% of annual GDP

Most Americans have heard that the National Debt in the United States is near or at $20 trillion, but very few realize that the debt problems are even worse when you calculate the total amount from all economies.  And with global debt rising by $17 trillion in 2016 from its total of $200 at the end of 2015, this equates to a debt to gdp ratio of 3.25:1. Or in easier terms to understand, 325% of the world's ...

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Just as with Japan in the 80’s, China seeks to expand their industry on the U.S. mainland in 2017

The world changed when President Richard Nixon closed the gold window and took the dollar off the Bretton Woods standard back in 1971 as it led to nearly a decade of recession, and a changeover in their long-standing positive trade deficit.  And even with the short lived economic recovery in the 1980's under Ronald Reagan, the die was cast for newer economic powers to one day usurp American industry. When a ...

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Just as with Japan in the 80's, China seeks to expand their industry on the U.S. mainland in 2017

The world changed when President Richard Nixon closed the gold window and took the dollar off the Bretton Woods standard back in 1971 as it led to nearly a decade of recession, and a changeover in their long-standing positive trade deficit.  And even with the short lived economic recovery in the 1980's under Ronald Reagan, the die was cast for newer economic powers to one day usurp American industry. When a ...

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Bitcoin skyrockets to over $900 as currencies begin to crater in China, Canada, and Australia

Over the past three days, Bitcoin has soared by more than $180 as it climbed over $900 per coin for the first time in three years.  And expectations of the crypto-currency crossing over the $1000 USD threshold before the end of the year is not out of the realm of possibility. The primary reasons behind this parabolic move is the collapsing of several currencies late this week which include China, Canada, an ...

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More young adults now living at home with their parents since the start of World War II

The last time so many young adults were living under their parents roof, the United States was in the final days of the Great Depression and on the threshold of entering into World War II.  And perhaps this is a signal that history may be ready to repeat itself both economically, and even geo-politically. Contrary to the mainstream's fake news propaganda throughout the entire Barack Obama presidency when it ...

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CoCo bonds, debt for equity swaps, and now Italy’s Monte Dei Paschi bank is having to sell shares to avoid insolvency

As the new market week begins over in Asia and Europe, Italy's insolvent banking system continues to spiral downward.  And where last week the world's oldest bank was trying to convince 2nd tier debt holders to exchange their bonds for equity in the bank, on Dec. 19 Monte Dei Paschi is preparing to push their share price down even further by issuing and selling new shares to try to completely avoid bankrupt ...

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