Category Archives: Financial

The German Economy Caves, And Eurozone Bailouts Take On New Dimension

Posted on August 7, 2012 by DRenegade

Last year, German exports rode to a new record, jobs were being created in massive numbers, real wages rose, housing and real estate boomed, the federal budget was nearly balanced, and consumers felt good and spent money. There were moments … Continue reading →

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Sen. Tom Coburn’s New Book Outlining Our Future

Posted on August 6, 2012 by DRenegade

Senator Tom Coburn creates a chilling “end of the world as we know it” scenario in his recent book The Debt Bomb (Thomas Nelson 2012, 349 pages, indexed). The CIA should take note. Maybe it already has. I’ll synopsize Senator Coburn’s fictional … Continue reading →

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Why Europe Matters… And How Spain Could Wipe Out Your 401(k)

Posted on August 6, 2012 by DRenegade

Many people have been writing in to ask me, “why are you focusing on Europe so much? Who cares about Spain?” The short answer is that everyone should care about Spain. Spain could potentially take down the banking system in Europe, which … Continue reading →

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How Do You Know When Europe Is Close to Collapse?

Posted on August 6, 2012 by DRenegade

Royal Dutch Shell is pulling its cash out of Europe. That is a clear sign that Europe’s lingering demise is close to collapse. The reasons for removing cash due to a “shift in willingness to take risk” is irrelevant: they … Continue reading →

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THE 401K CONFISCATION: THE GHILARDUCCI PLAN – ANN BARNHARDT

Posted on August 4, 2012 by DRenegade

POSTED BY ANN BARNHARDT – AUGUST 4, AD 2012 PREFACE: I originally posted this on May 6, 2010. Just for giggles, I looked up the gold and silver markets on May 6, 2010. Gold: $1170 per ounce 5/6/2010, $1603 yesterday  … Continue reading →

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On 401Ks – Ann Barnhardt

Posted on August 4, 2012 by DRenegade

POSTED BY ANN BARNHARDT – AUGUST 3, AD 2012 401k plan of attack: 1. STOP MAKING CONTRIBUTIONS if you haven’t already. 2. Liquidate it. Pay the “penalty”. Would you rather pay a penalty or have it all stolen? Or possibly … Continue reading →

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DHS Outlines Deferred Action for Childhood Arrivals Process

Posted on August 3, 2012 by DRenegade

08/03/2012 07:00 AM EDT For Immediate Release DHS Press Office Contact: 202-282-8010 USCIS to begin accepting requests for consideration of deferred action on August 15, 2012 WASHINGTON—The Department of Homeland Security today provided additional information on the deferred action for … Continue reading →

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Spain inches closer to seeking sovereign bailout

Posted on August 3, 2012 by DRenegade

Spain inched closer to seeking a sovereign bailout on Friday as Prime Minister Mariano Rajoy opened the door to a request, although he said he needed first to know the attached conditions as well as the form the rescue would … Continue reading →

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Seasonal And Birth Death Adjustments Add 429,000 Statistical “Jobs”

Posted on August 3, 2012 by DRenegade

Happy by the headline establishment survey print of 133,245 which says that the US “added” 163,000 jobs in July from 133,082 last month? Consider this: the number was based on a non seasonally adjusted July number of 132,868. This was a 1.248 million … Continue reading →

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The Fed’s Gold Is Being Audited… By The US Treasury

Posted on August 3, 2012 by DRenegade

When we started reading the LA Times article reporting that “the federal government has quietly been completing an audit of U.S. gold stored at the New York Fed” we couldn’t help but wonder when the gotcha moment would appear. It was about 15 paragraphs … Continue reading →

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Bank Of America Has Lost Money Trading On Only Three Days In 2012

Posted on August 2, 2012 by DRenegade

From the just released Bank of America 10-Q: “During the three months ended June 30, 2012, positive trading-related revenue was recorded for 95 percent, or 60 of the 63 trading days of which 75 percent (47 days) were daily trading gains … Continue reading →

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Seven Tea Party Freshmen Spent More Than $100,000 In Taxpayer Money On Personal Cars

Posted on August 2, 2012 by DRenegade

Though they campaigned on a platform of reducing the deficit and ridding wasteful spending, more than a half-dozen Tea Party congressmen have collectively spent over $100,000 in taxpayer money on personal vehicles. ThinkProgress examined spending records for the 112th Congress … Continue reading →

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Redistribution has no borders

Posted on August 2, 2012 by DRenegade

The bad news concerning the theft of private property from GM bondholders to the labor union continues. GM profits are going over the cliff, channel stuffing at the dealerships is skewing the sales in the United States and the government … Continue reading →

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Reality Check on The Causes and Necessity for Taking Up Arms

Posted on August 2, 2012 by DRenegade

httpv://www.youtube.com/watch?v=mqmYRnBVmEo From YouTube: Ben Swann Reality Check takes a look at history and present activities of the Federal Reserve Bank and whether the Fed needs to be audited.

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Deutsche Bank on Life Support?

Posted on August 1, 2012 by LT

(UK Telegraph) Deutsche Bank is to cut 1,900 jobs in an effort to save €3bn, as Germany’s  largest lender revealed profits almost halved in the second quarter. The cull will happen mainly outside of Germany, and comes in response to … Continue reading →

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