Category Archives: Financial

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

https://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

httpv://www.youtube.com/watch?v=zpMBJLNfCI4 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 … 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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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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