Holiday Shopping Season

While appealing to emotional desires for more stuff we do not need, corporate bottom lines do not want you to realize how close to the fiscal cliff we really are.

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Monday, September 15, 2014

EU countries buying oil from ISIS might be the reason why they wont join U.S in bombing Syria

Last week, President Obama came out acting all John Wayne to the camera and stated that he has finalized his new strategy for taking out the ISIS threat in the Middle East.  Included in this strategy was the desire for NATO countries such as Britian and Germany to be part of his coalition, along with several Arab nations who are suddenly feeling the heat from the radical caliphate.
 
But interestingly enough, Britain, Germany, and Turkey announced they won’t sing kumbaya with America in their desire to take out ISIS by way of Assad and Syria, and perhaps the reason for this is that on Sept. 15, members of the European Union (EU) admitted that they are purchasing oil from ISIS, who took over several wells in Iraq when they solidified their occupation.
 
 

Except for healthcare and education no net jobs have been created in economy

Did you ever wonder why Obamacare and Student Loans are so important to President Obama while actual employment in industries like coal, manufacturing, and computer engineering have received little or no support?  It became apparent recently when former Congressman and Director of the Office of Management and Budget (OMB) David Stockman made the bold statement on Sept. 8 that not a single net job has been created in the U.S. economy outside of healthcare and education since July of 2000.
 
Yes… July of 2000!
 
 

Bankers ready to give you the finger as Barclays to launch blood flow access screening

Most people have heard of the Mark of the Beast, which by biblical prophecy is said to be the primary way people can buy and sell in a dystopian future.  But before then, a new way for people to be allowed to access their bank accounts is being launched now as Barclays Bank is ready to roll out a new scanning system that measures blood flow in your body through accessing your data via your finger.




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Mises economist shows that the Fed will never be able to raise interest rates

Several months into Fed Chairman Janet Yellen’s term as head of the U.S. central bank, the controlling monetary body has been implementing a slow but steady form of pullbacks to their Quantitative Easing (QE) program.  And despite the Fed attempting not one, not two, not three, but four different forms of dollar monetization since the credit crisis of 2008, the one area they have not touched in the past six years are the near zero interest rates used to control the borrowing and flow of money in the Western banking system.
 
However, even with growing concerns and scuttlebutt by several Fed Presidents that interest rates need to be raised to shore up the dollar, Mises economist David Howden broke down the consequences of such a course of action and showed that the ramifications for interest on the national debt would become so outrageous, it is now past the point of no return and the Fed cannot afford in the slightest to ever raise interest rates again.
 
 

Wednesday, September 10, 2014

Paypal to integrate Bitcoin into its global payment system

Contrary to the predictions of many mainstream financiers, the staying power of Bitcoin has lasted much longer than Wall Street estimated when it first started as a rebellious fad, and then grew after the economic collapses in countries like Greece and Cyprus.  And while certain retailers like Target and Overstock have opened their stores to accepting Bitcoin through third party exchanges, the virtual currency hit the jackpot on Sept. 8 as Paypal now plans to integrate Bitcoin into their global payment system.



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Former Chief Economist for Obama comes out calling for end of the dollar

Back in August, a former chief economic for President Obama wrote an op-ed on the stability of the dollar, and its role today as the global reserve currency.  In his breakdown of the historical use of the dollar in American finance, Jared Bernstein asserted that while in the past the dollar was a benefit which allowed U.S. prosperity to grow, today it has become a burden which forces the central bank into a continuous loop of bubbles, inflation, and instability for production and job creation.


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President Obama inflames illegals by holding off immigration reform until after elections

On Sept. 7, President Barack Obama proved that immigration reform for millions or 10′s of millions of illegal aliens living inside the continental United States is a political maneuver rather than a problem that needs to be solved as he backtracked on his promise to systematically impose his own form of amnesty and will now wait until after the 2014 elections in an effort to save the jobs of his fellow Democrats.

And of course, his excuse for the delay was to blame the Republicans.  (President Bush for some reason was unavailable for Obama to blame)



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