greek-debt-crisis-jpg

Greece Will Be In Default Within 15 Months, S&P Warns

Remember Greece: the country that in 2010 launched Europe’s sovereign solvency crisis and the ECB’s own helpless attempts at intervention, which later was “saved”, only to default shortly thereafter (but without triggering CDS as that would end the Eurozone’s amusing monetary experiment and collapse the Deutsche Bank $100 trillion house of derivative cards), which later…

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Small Businesses Closing

Small Business Ownership In America Is At An All-Time Low

According to the Federal Reserve, the percentage of American families that own a small business is at the lowest level that has ever been recorded.  In a report that was just released entitled “Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey of Consumer Finances“, the Federal Reserve revealed that small…

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money laundering.jpg-550x0

Big Banks Started Laundering Massive Sums of Drug Money In the 1980s … And Are Still Doing It Today

It has become mainstream news that at least some of the big banks are  laundering staggering sums of drug money.  See this, this, this, this, this, this and and this. But you may not know the scope or history of the problem. Official statistics show that huge sums of drug money are laundered every year: The United Nations Office on Drugs and Crime (UNODC)…

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for-rent

Rents Soar To Record High As Homeownership Rate Plunges To 19 Year Low

Each quarter, when we perform our regular update on trends in US homeownership and rents using Census Bureau data, we say that “The American Homeownership Dream is officially dead. Long live the New Normal American Dream: Renting.” One thing we added in 2013 is that the American Dream has now officially became a full-blown nightmare after mortgage…

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too-big-to-fail

Billions In Hidden Subsidies Going To Too-Big-To-Fail Banks

As the first round of submissions to the Federal Government’s Financial Systems Inquiry closed this week there was a timely reminder that the fundamental cause of the global financial crisis is still deeply embedded in the banking system. The world’s wealthiest and most powerful banks still operate behind the shield of being “too-big-to-fail” (TBTF), an…

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IMF Ukraine

New Ukrainian Government Requests $35 Billion In Aid Over Next 2 Years

The Russians had dangled their multi-billion euro carrot – then swiftly removed it pending further details of who is really running the show (demanding a crackdown on the extremists who are trying to establish power). The Europeans have promised an even bigger carrot – predicated on, we presume, total abdication of sovereignty. But now the…

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FedScaryatNight

Patriot Power Hour (02/09/2014) – Smellin Yellen’s Federal Reserve

  Out sick last week, Lucifer Bernanke comes back hard with twice the news and analysis on this February 9th, 2014 broadcast of the Patriot Power Hour. Learn the truth – in detail – about Smellin Yellen’s not-so-Federal, private Federal Reserve, and why the printing of Trillions of fiat dollars will be the end of…

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insider-trading

Marc Faber Warns “Insiders Are Selling Like Crazy… Short US Stocks, Buy Treasuries & Gold”

Beginning by disavowing Mario Gabelli of any belief that rising stock prices help ‘most’ people (“Fed data suggests half the US population has seen a 40% drop in wealth since 2007”), Marc Faber discusses his increasingly imminent fears of the markets in this recent Barron’s interview. Quoting Hussman as a caveat, “The problem with bubbles…

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