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Trump is Right on Trade

www.buchanan.org | Republican hawks are aflutter today over China’s installation of anti-aircraft missiles on Woody Island in the South China Sea.

But do these Republicans, good free-traders all, realize their own indispensable role in converting an indigent China into the mighty and menacing power that seeks to push us out of Asia?

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Nomi Prins-US at Center of Financial Black Hole

usawatchdog.com | Don’t think the U.S. is immune from trouble. The U.S. is at the center of the black financial hole. So, will the U.S. eventually implode with the rest of the world? Former top Wall Street banker and best-selling author, Nomi Prins says, “Yes, because the U.S. is a trading partner with these countries. We buy and sell products . . . and also, we have an extremely large financial system with tentacles throughout the world.”

When it comes to protecting yourself from calamity, Prins says, “Build a stockpile of cash . . . and look at investing in gold as a percentage of disposable investment income.”

Join Greg Hunter as he goes One-on-One with best-selling author of “All the Presidents’ Bankers.”

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Financial Collapse will Lead to War

cluborlov.blogspot.mx | Scanning the headlines in the western mainstream press, and then peering behind the one-way mirror to compare that to the actual goings-on, one can't but get the impression that America's propagandists, and all those who follow in their wake, are struggling with all their might to concoct rationales for military action of one sort or another, be it supplying weapons to the largely defunct Ukrainian military, or staging parades of US military hardware and troops in the almost completely Russian town of Narva, in Estonia, a few hundred meters away from the Russian border, or putting US “advisers” in harm's way in parts of Iraq mostly controlled by Islamic militants.

The strenuous efforts to whip up Cold War-like hysteria in the face of an otherwise preoccupied and essentially passive Russia seems out of all proportion to the actual military threat Russia poses. (Yes, volunteers and ammo do filter into Ukraine across the Russian border, but that's about it.) Further south, the efforts to topple the government of Syria by aiding and arming Islamist radicals seem to be backfiring nicely. But that's the pattern, isn't it? What US military involvement in recent memory hasn't resulted in a fiasco? Maybe failure is not just an option, but more of a requirement?

(1 Vote)

It's a Wonderful Lie

Infowars.com | As we look back over the past hundred years, America has experienced the Great Depression, multiple recessions, stagflation and the loss of 99% of the dollarʼs purchasing power - none of it wouldʼve been possible without the Federal Reserve, creating bubbles and bursting them, enslaving us with debt and destroying our purchasing power through inflation.
(1 Vote)

Confessions of a Quantitative Easer

www.wsj.com | I can only say: I'm sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed's first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.

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Faber: We are In a Massive Speculative Bubble

www.cnbc.com | Leave it to uber-bear Marc Faber to bring bad news on Black Friday.

Faber, editor and publisher of The Gloom, Boom & Doom Report, told CNBC on Friday he believes a "massive speculative bubble" has encroached on everything from stocks and bonds to bitcoin and farmland. He attributed the vast bubble to "symptoms of excess liquidity."

Faber said the markets, which have reached record highs, could still rise before the bubble bursts, if stimulus programs such as the Federal Reserve's massive monthly bond purchases and super-low interest rates continue.

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American Oligarchs Will Never Cancel the Debts Owed to Them

www.truthdig.com | University of Missouri economic historian and former Wall Street economist Michael Hudson explains one of the best-kept and most pernicious secrets of contemporary capitalism: Unless the financial scheme underpinning society is restructured, the bulk of debts owed by working and poor Americans can’t and won’t be repaid. The result is an ever-growing class of permanent debt slaves.


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Senator Warren Proposes Bill To Allow Student Loans at Same Fed Discount Rate Banks Get

www.latimes.com | Students taking out government loans to help pay for college should pay the same rock-bottom interest rate that the Federal Reserve charges big banks, Sen. Elizabeth Warren (D-Mass.) proposed Wednesday.

With the interest rate on federal student loans set to double to 6.8% this summer, Warren said it's unfair that big banks can borrow money at 0.75% from the central bank's discount window.

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Italy Votes Down Austerity Program

guardian.co.uk | Three years of German-led austerity and budget cuts aimed at saving the euro and retooling the European economy was left facing one of its biggest challenges as Italian voters' rejection of spending cuts and tax rises opened up a stark new fissure in European politics.

The governing stalemate in Rome and the vote in the general election – by a factor of three to two – against the austerity policies pursued by Italy's humiliated caretaker prime minister, Mario Monti, meant that the spending cuts and tax rises dictated by the eurozone would grind to a halt, risking a re-eruption of the euro crisis after six months of relative stability.

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