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Reconstruction from Hurricane Irma is the perfect project for both the World Bank and the AIIB

Global natural disasters occur several times per decade, and quite often the bill for recovery is left to charities, a handful of wealthy governments, or in some cases not at all.  But in the wake of Hurricane Irma, which has devastated far more countries in the Caribbean than it has cities and states on the U.S. mainland, perhaps the perfect agencies to assist in their rebuilding are the World Bank and the ...

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Russian finance minister working on regulatory groundwork for cryptocurrencies to end their ‘black market’ use

As we have mentioned in many articles here in the past, it was only a matter of time before individual governments begin to focus on cryptocurrencies and the myriad of other securities sprouting up on the blockchain.  In Japan for example, the government has readily accepted cryptos like Bitcoin as currency and are allowing their use within their general economy. However for China, Russia, and with the othe ...

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Chicago mayor follows in his former bosses footsteps by funneling taxpayer funded contracts to donors

Before he became the Mayor of Chicago, Rahm Emanuel was Chief of Staff for President Barack Obama during his first term in office.  And like most Chicago politicians they carried the ideology of pay to play with them to Washington. Newly released emails show that, contrary to White House claims, a major donor to President Barack Obama pushed for a loan to a solar energy company that later went bankrupt. The ...

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Clueless Draghi leaves rates the same while hinting that QE may continue on indefinitely

The fall of the U.S. dollar since the beginning of the year has suddenly left ECB head Mario Draghi to have no answer to the rising strength of the Euro currency.  And as such on Sept. 7, the man who introduced negative interests to the Western financial system is now backtracking on his promise to start downsizing the central bank's balance sheet, and hinted earlier today that bond buying may continue on i ...

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Poland flexes muscles against Germany by demanding $1 trillion reparations for World War II crimes

As the German led and controlled European Courts threaten to fine several Eastern European governments for refusing to accept Muslim jihadists into their borders, one of these countries is fighting back with a $1 trillion demand for reparations against Berlin. On Sept. 5, Poland's Foreign Minister said in a radio interview that serious talks must begin to take place over the atrocities and war crimes commit ...

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Hurricane Irma could reach levels not seen on the U.S. coastline since the benchmark storm of Labor Day 1935

The U.S. is just starting to get over the catastrophic effects of Hurricane Harvey when a new and even more terrifying storm is scheduled to hit the Florida coastline within the next few days.  And with winds already touching 185 miles per hour as it tears through islands in the Caribbean on its way to the American coastline, one meteorologist sees this storm potentially reaching levels that equal or surpas ...

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With nearly half of all Americans preferring Socialism over what we have now, they don’t even realize they are actually living under it

Perhaps the biggest irony of the 21st century is coming from a new poll in which 40%, or nearly half of all Americans, voted that they would prefer to live under a Socialist system of economics than a Capitalist one.  And the irony comes from the fact that most of these individuals don't even realize that they are already living under a mostly Socialist system, and have for the past 70 years. The American C ...

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U.S. appears to be wanting to cut their own throats in trade war against China over North Korea

It is one thing to go to the United Nations to get support against a rogue nation like North Korea, and receive multi-lateral support in the implementation of economic sanctions.  It is also somewhat viable for the U.S. to impose their own unilateral sanctions against Kim Jung-Un in response to their growing threat as a nuclear country. However it is something else entirely to declare that you are ready to ...

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U.S. becomes a rogue nation as it breaks long-standing international agreements with Russia over diplomatic immunity

During the decades of the Cold War, the West often referred to the former Soviet Union as both evil and paranoid, and the media in the U.S. and Europe went a long way towards pushing this propaganda into the hearts and minds of the people. Now 25 plus years after the fall of the Communist regime, the U.S. is once again trying to re-engineer a Cold War against Russia only this time the paranoia is in the sid ...

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White House petition demanding for the arrest and asset seizure of George Soros reaches 70,000 signatures

It is very much common knowledge that the most influential terrorist in world today is not one that is state sponsored like Saudi Arabia or Iran, but instead is an individual who is the head of a network of corporations that are responsible for the overthrow of several governments over the past 20 years.  And this individual's influence also stretches well into politics and control over politicians which up ...

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A second Middle Eastern country within a week announces it will begin selling bonds in Chinese RMB

A few days ago, Saudi Arabia announced they were in the process of diversifying away from the dollar and are planning to sell sovereign bonds in RMB in order to shore up their dwindling coffers.  Now on Aug. 31, a second Middle Eastern Gulf nation is reporting to be doing the same as the UAE government of Sharjah could actually beat the Saudi's to the punch and be the first to receive Chinese Yuan from the ...

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In crime people steal from banks, but in Europe the banks steal from you

Besides the Damocles Sword of a bail-in that hangs over every depositor's account in the Western banking system, there is a new threat that has emerged over the past two years that is now engulfing nearly every European institution that deals in banking. Negative Interest Rates. And as of Aug. 30 there are now 19 European countries who's 2-year bonds return a negative yield, and in which some of these count ...

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