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EU drafts new law allowing for banks to suspend payments to creditors in the event of a crisis

When you see governments, regulators, or central banks institute new financial laws on very short notice then it should come as a warning sign to everyone that a financial or monetary crisis is very real, and very near. Last year the European Commission passed a law forcing every Eurozone nation to have to pass their own sovereign bail-in laws before December 31, and even threatened multiple countries who w ...

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Market chaos since Trump victory was already set in stone before election

Several alternative economists and financial analysts rightly predicted that the central banks and establishment financiers were holding off a financial collapse until after the election as a way to try to ensure Hillary Clinton won the Presidency.  And judging from the market turmoil occurring over the past two days since Donald Trump shocked the world, the dyke holding back the chaos appears now to have b ...

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After India’s Modi bans certain denominations of cash, the people look for ways to get rid of all their paper currency

If there is one thing that is an absolute certainty in this world it is that you do not mess around with a person's money in the country of India.  This is because for thousands of years the people have trusted more in physical gold than they have in paper currency, and at the drop of a hat will shed all confidence in government printed money. So when India's Prime Minister Narendra Modi suddenly and withou ...

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Russia wants to end sanctions against EU, but European Commission rejects olive branch

On Nov. 8, Russia's Economic Minister spoke to business leaders in Rome about their desire to end the game of sanctions inflicted by both sides over the U.S. induced Ukrainian conflict.  However, Aleksey Ulyukaev asserted that it was not Moscow who was holding up talks to end the economic warfare between Europe and Russia, but the European Commission in Brussels. Beginning in early 2014, the U.S. chose to i ...

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Banks preparing for market chaos by putting employees on standby in the event of a Trump victory in two battleground states

Wall Street may be greedy but they are rarely dumb.  And after suffering through the market after-affects of the Brexit vote back in June, several banks are working on contingency plans, including putting bankers on standby if it appears that Donald Trump is going to win key battleground states. Besides U.S. bankers who are hedging their current long positions open in the market in expectation of a Clinton ...

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Dallas pension fund Part III: City threatens to raise property taxes on citizens to cover shortfalls

Thanks to programs like Dodd-Frank and others which have allowed Wall Street and pension fund managers to mask the true value of their assets through a scheme known as 'mark to model', state, local, Federal, and many private retirement accounts have been able to skate by with being severely underfunded.  But for one municipality, a state court ruling made a few months ago summarily meant that the proverbial ...

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Obama administration puts out final jobs numbers before election

Last week it was a shockingly high GDP print, and today the Obama administration issued October's job report in one last attempt to sway voters heading into the Nov. 8 election. As usual the Bureau of Labor Statistics (BLS) printed a surface number for jobs that while below analyst expectations, appears to show improvement in the job market.  However when you go below the surface, the trend continues for ne ...

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Italian businesses beg Russia to suspend their sanctions on the EU

The German business community is not the only one within the EU at odds with their government over economic sanctions imposed upon Russia in which they were falsely accused of invading Ukraine back in 2014.  In fact, several Scandinavian economies have also turned on their own leaderships after businesses there have lost billions of Euros from lost trade with the Eurasian power. And now we can add Italy to ...

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U.S. Democratizing the world with poverty

For decades now the U.S. government has used the term 'Democratization' for justifying their going into foreign countries and either assassinating their leaders, or sanctioning their economies.  And as a result, nearly all the nations Washington has sought to invade or interfere with have resulted in a complete loss of economic wealth, and a move towards extreme poverty following their insurgence. Take for ...

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New PMI and manufacturing data shows that last weeks GDP print was nothing but a fraud

Last week the Obama administration reported GDP for the third quarter at a whopping 2.9%, which was the highest since 2014 and was in complete opposition to the real news of layoffs, shutdowns, and lower retail volumes.  And many analysts have speculated that the false print was likely done to aid Hillary Clinton as the Presidential election draws near. Now on Oct. 31 two new data points out pretty much con ...

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Central bank head who blew housing bubbles in both Canada and the UK looking to quit before collapse

It is extremely rare when an individual gets to become the head of two different central banks in two different countries, but that is the legacy of the UK's Mark Carney, who has steered the financial ships of both Canada and Britain.  And in an interesting twist of fate, the current head of the Bank of England is now rumored to be quitting just as the UK housing bubble he helped create is starting to implo ...

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As Bitcoin crosses back over $700 look for an even higher price with new burst of Chinese buying

On Oct. 29 Bitcoin soared back over $700 as global financial worries make holding any currency other than the dollar a risky proposition.  And with China engaging in a new round of currency devaluation for the RMB over the past few weeks, Chinese investors have been once again rushing into the crypto-currency as a safe haven. Earlier this week, we pointed out that after tracking the recent drop in the Yuan ...

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