Category Archives: Financial

Sears, Kmart Black Friday deals replaced with going out of business sales

Sears and Kmart may be replacing their traditional Black Friday sales with deals that offer holiday shoppers an even bigger discount. With a total of 77 Sears and Kmart stores across the country scheduled to close before Christmas, it looks … Continue reading

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Another Deutsche Banker And Former SEC Enforcement Attorney Commits Suicide

Back on January 26, a 58-year-old former senior executive at German investment bank behemoth Deutsche Bank, William Broeksmit, was found dead after hanging himself at his London home, and with that, set off an unprecedented series of banker suicides throughout the … Continue reading

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19 Very Surprising Facts About The Messed Up State Of The U.S. Economy

by Michael Snyder Barack Obama and the Federal Reserve are lying to you.  The “economic recovery” that we all keep hearing about is mostly just a mirage.  The percentage of Americans that are employed has barely budged since the depths of the … Continue reading

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9 Ominous Signals Coming From The Financial Markets That We Have Not Seen In Years

Is the stock market about to crash?  Hopefully not, and there definitely have been quite a few “false alarms” over the past few years.  But without a doubt we have been living through one of the greatest financial bubbles in … Continue reading

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Bank of China and Russia signed a bilateral currency swap agreement

From The Bank of China: The approval of the State Council, October 13, 2014, People’s Bank of China and the Central Bank of the Russian Federation signed a scale of 150 billion yuan / 815 billion rubles of bilateral currency … Continue reading

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Sign of the Times: Clorox Stock Is the Top Performer in Premarket Sales

The world stock market plunge is continuing as shown below. However, the top standout stock in premarket sales is Clorox: up 2.61%. And that is the story as Ebola fears will be the guiding factor for the world’s economy. But … Continue reading

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Truth for US Employment

Labor Participation Rate Drops To 36 Year Low; Record 92.6 Million Americans Not In Labor Force While by now everyone should know the answer, for those curious why the US unemployment rate just slid once more to a meager 5.9%, … Continue reading

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Boehner and Pelosi Unite to Pass Bill Funding Planned Parenthood, Obamacare, Syrian Revolutionaries

(CNSNews.com) – House Speaker John Boehner (R.-Ohio) and House Minority Leader Nancy Pelosi (D.-Calif.) joined forces early Wednesday evening as the House passed a continuing resolution that will fund the government after the end of the fiscal year on Sept. … Continue reading

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Kohl’s And The Rest Of The Retailers Are In Deep Doo Doo

Here are my observations after taking a look at the government propaganda report: The unadjusted retail sales were only 3.2% higher than last August. Considering government reported inflation of 2%, that is a pretty shitty result. But have no fear. … Continue reading

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Government Interest Payments

The U.S. gross federal debt currently stands at $17.548 trillion, and net interest payments to our creditors are the fastest-growing item in the budget. In 2014, the Congressional Budget Office projects that the nation will spend $233 billion on interest … Continue reading

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Laurence Kotlikoff- SIPC Running a Ponzi Scheme

www.youtube.com/watch?v=H-jpsVmXCW4#t=1s

h/t Jeff M

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Ebola Spreading ‘Exponentially’ as Patients Seek Beds in Liberia

The Ebola virus is spreading exponentially across Liberia as patients fill taxis in a fruitless search for medical care, the World Health Organization said Monday. … The various reports illustrated in the clearest possible way the disparities driving the epidemic … Continue reading

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De-Dollarization Continues: China-Argentina Agree Currency Swap, Will Trade In Yuan

It appears there is another nation on planet Earth that is becoming isolated. One by one, Russia and China appear to be finding allies willing to ‘de-dollarize'; and the latest to join this trend is serial-defaulter Argentina. As Reuters reports, … Continue reading

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A Jobless Recovery and Employment Lies

Looking at the employment statistics regardless of the category into which they fall, too many expect the government to make work for them and want an unsustainable increase in the minimum wage not based on market demands. The latest data … Continue reading

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STUDY: NET JOB GROWTH IN NC SINCE 2000 WENT TO IMMIGRANTS

The net increase in the number of employed working-age adults in North Carolina has gone entirely to legal and illegal immigrants since 2000, according to an analysis of government data conducted by the Center for Immigration Studies. According to the limited immigration … Continue reading

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Ann Barnhardt: The “Gone Concern Buffer”, aka Seizing Your Bank Deposits

This came across the transom a couple of days ago, and SHTFplan.com has covered it here, but this REALLY needs to be pushed and publicized.  You’ve GOT to get your wealth out of banks – most especially the big ones.  This … Continue reading

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Durables Goods, Excluding Bumper Boeing Orders, Suffer Biggest Drop Of 2014

The headline print of a record-breaking 22.6% gain – smashing the 8.0% expectation – hides the extremely obvious factor of the largest civilian aircraft orders (an entirely one-off non-repeatable factor). Durables ex Transportation collapsed from a 3% gain to a 0.8% … Continue reading

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Only A Fool Would Be in the Stock Market

So the stock market hit a new record today. But no one is buying stocks. Except the central banks with fiat currencies. David DeGerolamo S&P Makes History On Lowest Volume Of The Year As we noted early on, by the … Continue reading

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We All Knew This Day Was Coming

The ascension of the East and the decline of the West is hanging in the balance of the petrodollar. When (not if) the dollar is replaced as the world’s reserve currency, our economy will collapse. Along with any assets stored … Continue reading

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Report: Government Accounting Hides Debt

Your state may not be as fiscally solvent as politicians have led you to believe, according to a new report. The Competitive Enterprise Institute (CEI) released a report in July detailing the multi-trillion dollar gap in state pension funding that could … Continue reading

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Futures Tumble Again On Global Equity Weakness

If yesterday’s selloff catalysts were largely obvious, if long overdue, in the form of the record collapse of Espirito Santo coupled with the Argentina default, German companies warning vocally about Russian exposure, the ongoing geopolitical escalations, and topped off by … Continue reading

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21 Ways To End The Phrase ‘Americans Are So Broke…’

by Michael Snyder Did you know that 77 million Americans have unpaid debts that are “in collections” and that Congress is actually thinking about letting post offices offer payday loans?  We live in a country where almost everyone is drowning … Continue reading

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Ann Barnhardt: Completely Negative

1.  I was told recently that I am a completely negative person.  My riposte: This post will indeed be completely negative/unpleasant.  Horrifically so.  If you don’t want to read negative things and the picture of the super-cute kitty cat made … Continue reading

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US Manufacturing PMI Drops, Biggest Miss On Record

But, but, but… the rest of the world’s PMIs are soaring as soft-survey data trumps any hard data facts. US Manufacturing dropped from 57.3 to 56.3 despite analysts that were convinced it should rise further to 57.5. This is the biggest miss … Continue reading

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New Home Sales Collapse 20% From May To Dec 2012 Levels; Biggest Miss In A Year

New Home Sales in June plunged to 406k vs 504k in May  (remember that 504k print was the catalyst for ‘weather’ is over and the market to surge: it somehow was magically revised lower by more than 10% to only 442K) … Continue reading

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Your Money Is Not Safe in the Bank

The concepts of bank bail-ins and negative interest rates are relatively new and misunderstood by the general public. As people realize that their money is not safe from their government’s irresponsible fiscal policies, bank failures will become a self-fulfilling prophecy. … Continue reading

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Should We Worry About Possible Bank Runs in Europe?

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Microsoft cuts 18,000 jobs

The software giant said it would cut 18,000 jobs within the next year — about 14% of the company’s 125,000 employees. That’s by far the largest round of layoffs in the company’s history. The previous record came during the lowest … Continue reading

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They’re Coming for Your Accounts

FREEMANSPERSPECTIVE Nearly all of us grew up thinking that we registered ourselves to prove that we were safe and responsible. We advertised our services as “registered” or “licensed,” and we never thought about it beyond that point. After all, that … Continue reading

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The End of the Dollar

For those who thought the dollar would always be safe, may your chains rest lightly. The formation of an alternative to the International Monetary Fund is the last straw for our dollar. Although perception is reality has been the mantra … Continue reading

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The Head Of ‘The Central Bank Of The World’ Warns That Another Great Financial Crisis May Be Coming

Most people have never heard of Jaime Caruana even though he is the head of an immensely powerful organization.  He has been serving as the General Manager of the Bank for International Settlements since 2009, and he will continue in … Continue reading

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Mexico Looks To Back Peso With Silver: “Would Unleash a Global Power Shift”

This could be a major turn of events that will have global implications. The action’s set to unfold in Mexico, where many of its most influential and wealthy citizens are demanding the country abandon its fiat currency, the Peso, and … Continue reading

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Futures Tumble, Bunds Soar To Record, Gold Surges As Europe Is Broken Again; Espirito Santo Halted

But… but… the VIX said everything is ok, and European rates were the lowest they have been in centuries… How can something possibly go wrong? It just did. More…

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I’ll Do Anything for Money: the New Normal Behind the New Jobs Numbers

Employment grew last month thanks only to 800,000 new part-time jobs—fewer hours, lower pay, generally in the service industries. What the MSM won’t say.

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Portugal’s Largest Bank Misses Bond Payment; Bonds Collapse

Brussels, we have a problem. As we warned 6 weeks ago, Espirito Santo International SA – is in a “serious financial condition” according to a central bank driven external audit by KPMG identified “irregularities in its accounts.” Sure enough, the ‘ponzi-like’ maneuvers have … Continue reading

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European Stocks Plunge Most In 6 Months; Banks Battered

European bank stocks are down over 6% in the last 3 days to 5 month lows – the biggest such drop in 13 months. The combination of Draghi’s “no QE”, Austrian bank contagion concerns, and rumors of German banks about to … Continue reading

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“This Could Be The Last Straw” 90% Of China Loan Guarantors Bankrupt

In Wenzhou – dubbed the capital of China’s private businesses – nearly 90 per cent of loan guarantors have failed since the start of the credit crisis arising from the underground banking system, according to the media. As SCMP reports, although their … Continue reading

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The Almighty Dollar Is In Peril As The Global ‘De-Dollarization’ Trend Accelerates

As the Obama administration continues to alienate almost everyone else around the entire planet, an increasing number of prominent international voices are starting to question why the U.S. dollar should be so overwhelmingly dominant in global trade.  In previous articles, … Continue reading

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The End of the Dollar Is Accelerating

By “Punishing” France, The US Just Accelerated The Demise Of The Dollar Not even we anticipated this particular “unintended consequence” as a result of the US multi-billion dollar fine on BNP (which France took very much to heart). Moments ago, … Continue reading

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Largest Austrian Bank Crashes After “Revealing” 40% Surge In Bad Debt Provisions, Record Loss

Ever since 2012, when we first revealed that the biggest problem plaguing Europe’s financial sector is the $2 trillion+ in bad debt on the books of European banks (not our numbers, the IMF’s), it became clear that the only way Europe can avoid a complete … Continue reading

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