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European banks ordered to inventory any exposure they may have to Deutsche Bank

After a few weeks of virtual silence, news has begun to mount once again regarding the solvency of Germany's largest financial institution.  And just a few hours after Deutsche Bank either voluntarily or were ordered to audit their derivatives book out of fear that trillions in risk may have been mis-priced, the Bank of England is calling for their own audit of UK banks to see how exposure each might have t ...

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Government imposed costs to Americans about to skyrocket in 2017

If you tune out the mainstream media (propaganda) the establishment wants to keep feeding you, you would realize that the economy is ready for, if not already in, a new recession.  And if today's drop in consumer confidence doesn't flash a warning sign that Americans do not see the economy as bright as President Obama wants to bloviate in his recent press conferences, then get ready for 2017 which will see ...

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Consumer confidence falls off a cliff just weeks before Presidential election

Higher inflation expectations, a 25% increase in Obamacare premiums, and a less than expected Christmas holiday shopping season are just some of the factors leading to the largest drop in Consumer Confidence in the past 11 months. On Oct. 25, the last Confidence survey before the Presidential election came out and saw a massive drop of nearly six points from last month which is a bad sign for Hillary Clinto ...

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Main street retail has crossed the Rubicon as online shopping is about to put a large portion of the industry out of business

When the world's largest bellweather retailer Walmart announces they are dedicating most of their growth reserves towards their online platform, then you know that we have reached the beginning of the end for Main street retailers.  And as we head towards the most important segment of the retail industry's year, a large portion of brick and mortar stores could be gone by the time we reach February 2017. In ...

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Before It Is Over This Decline Will Engulf Every Country On The Planet

On the heels of yesterday’s KWN viral interview with Gerald Celente This Is The Shocking Truth About How Bad The Economy Really Is In The United States, it appears that an already bad situation for the U.S. and the rest of the world may be about to get a lot worse. What Celente noticed after yesterday’s viral interview about the collapsing restaurant industry in the United States was this note from Stifel, ...

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The Dallas police force recognize in their pension funds what most Americans don’t in their banks

Last month we wrote a story on how the Dallas pension fund suddenly became a microcosm for the entire financial system... by this we meant that once corporate and bank balance sheets were forced to record their assets at mark to market, the world would discover that nearly all of them were completely insolvent.  But unlike many Americans who usually don't keep track of their retirement funds, or bother to m ...

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Co-founder of the Euro predicts the currency will soon implode thanks to central bank policies

Back in 1999 when the Euro currency was launched as the vehicle to tie together the trade partners who made up the continental union, one of its co-founders and chief architects was Otmar Issing.  And now 17 years later, this architect and first chief economist of the European Central Bank is predicting its demise. For many European countries the Euro originally represented a stable currency platform to ass ...

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Besides having little savings Americans now facing growing personal debt defaults

Many have heard about the growing debt defaults for young Americans regarding their burden of student loans, but few have come to realize that a large portion of people in this country are facing their own debt problems as well.  In a new report on Oct. 13, 35% of all Americans have past due loans of over 180 days, and in the City of Detroit alone, two out of three individuals have debts that are now in col ...

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Majority of most Americans have less than $1000 in savings

The ultimate outcome of central bank manipulation on America's monetary system is nearing its completion as a new report out on Oct. 9 shows that the majority of people, at least 70%, have less than $1000 in savings to deal with everyday and emergency expenses. Zero interest rates policies (ZIRP), and a unprecedented expansion of the money supply by the Federal Reserve has created an environment where consu ...

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No one really knows how insolvent EU banks really are since the ECB allowed some to cheat on their ‘stress tests’

Over the past year both the Federal Reserve and the European Central Bank (ECB) conducted a number of 'stress tests' to try to gauge how strong or even insolvent many of their member institutions really are.  In the U.S., the Fed gave a blanket approval to nearly all their major banks, which then led several of them to cash out their emergency reserves and use them to buy back stock in order to boost bonuse ...

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Re-writing trade deals may not be enough to bring back jobs as robotics and automation expected to replace workers

One of Donald Trump's biggest selling points is his claim to renegotiate and re-write horrific trade deals that saw most of America's manufacturing jobs go offshore since NAFTA and GATT were passed by Congress back in the mid-90's.  However just as we are seeing in China, where a large portion of their workers at Foxconn are soon to be replaced by robots and automation, so too is this trend being emphasized ...

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World’s central banks preparing for disaster as the debt bubble implosion nears

In recent days Germany’s Deutsche Bank has made global headlines as it teeters on the edge of solvency and the country’s leader, Chancellor Angela Merkel, debates whether or not she should intervene to save it. But Deutsche is not the only big bank that is in trouble. Like 2007 all over again, other global financial institutions are over-leveraged and vulnerable to collapse in what one major lender called a ...

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