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The coming week could create more economic chaos than Brexit

This coming week will see some of the most important economic and political decisions taking place in perhaps the last 9 years, coinciding also with the historic negative frequency that is often attributed to the 'Ides of March'. March 15 will see the Federal Reserve decide whether they will begin a trek towards aggressively raising interest rates at a time when every real economic indicator is screaming re ...

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Trump administration hinting at changing economic data reports to reflect the real state of economy

Over the past 25-35 years, the executive branch of the government has changed the way economic data has been compiled and reported to make it more beneficial towards whichever President was in office.  And it is in the data reports such as GDP, unemployment, and inflation which have led Wall Street, the Federal Reserve, and of course Congress to implement faulty policies based on this manipulated data. But ...

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Yellen backed into a corner on hiking rates as stagflation roars to the forefront in U.S. economy

On Valentines Day, Federal Reserve Chairman Janet Yellen went before Congress to discuss the state of the economy, and the direction that the cost of borrowing might go in the coming months.  And as the Fed Head suddenly changes her tune from 'the economy is good' back in December when Barack Obama was still President to 'the economy is uncertain' just two months later under Donald Trump, the fact of the ma ...

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Fed employee busted for trying to 'print' different form of money outside the dollar

Perhaps the writing is on the wall for how even the U.S. central bank feels about the solvency of their own currencies when one of their employees was found to have been using Federal Reserve computers and processing power to mine for Bitcoins. Nicholas Berthaume, a former systems analyst at the Washington office of the Federal Reserve Board was sentenced today with a fine and probation for installing Bitco ...

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Insanity: Doing anything the Fed suggests and expecting a different result

Radio personality Michael Savage is famous for saying, "liberalism is a mental disorder".  And for those of us in the U.S. who have watched the central bank churn out one bubble after another since the 1990's and expected that THIS TIME would be different, it appears we can add Keynesianism as well to Savage's list of mental illnesses. Artificially low interest rates and cheap money led to both a housing bu ...

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Dollar soars to 14 year high following the Fed’s rate hike as the Euro is now just 400 bps from parity

On Dec. 15 the dollar took another leg up to cross 103 on the index, securing its highest level in 14 years.  And this move comes one day after the Federal Reserve hiked the Fed funds rate by .25 bps for only the second time in the last decade. The dollar had actually been below 101 prior to yesterday's Fed announcement and has risen over 300 bps in less than 24 hours.  And this rapid move has now caused th ...

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It’s beginning to look alot like 2007 as subprime loan defaults, massive consumer debt, and housing sales mirror start of bubble crash

Over the past seven to eight years, interest rates have been a major factor in allowing consumers, investors, and the government to expand credit to historic levels.  In fact, the government had not been above 100% of debt to GDP since the credit expansion that was needed to fight during World War II. But the problem with debt is that a day of reckoning always comes due at some point.  And just like it did ...

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Besides the potential of progressive Supreme Court Justices should Hillary win, be very afraid of who she might choose for next Fed Chairman

There has been a great deal of rhetoric over the past year on how the current Federal Reserve Chairman has been using monetary policies in an attempt to mask the true nature of the economy in order to help Hillary Clinton win the Presidency.  But despite the fact that many within the Fed have given overwhelmingly to the Clinton campaign this election season, a scarier thought should be focused on who Hillar ...

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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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Want to see the true state of the economy? Look to the states rather than Washington

It has been long believed that ever since the Clinton administration, economic data has been manipulated for political purposes to support the current occupiers in the White House.  And when you compare the 4.9% 'unemployment rate' put out by the Bureau of Labor Statistics despite the fact that there are 94 million Americans actually out of work, then you realize that you have to go far beyond the surface h ...

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Dallas police pension fund is a microcosm of why U.S. financial system doesn’t price things mark to market

Following the 2008 Credit Crisis, and even after passage of the Dodd-Frank Wall Street Reform Act, the Western financial systems have fought hard to ensure that their assets never have to be valued at mark to market.  Instead they are recognized as 'mark to maturity' or 'mark to model', making it seem as though these institutions are solvent when liquidation of their assets would cause them to actually be b ...

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