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, April 7, 2014

Banker number 12 along with his entire family found dead in Netherlands

April 5 saw the 12th banker in recent months to pass away of ‘mysterious circumstances’, and his death also came at the expense of his wife and daughter.  Jan Peter Schmittmann, former CEO of ABN Amro out of the Netherlands, was declared dead along with his immediate family, in what police are describing as a ‘family tragedy’.
Former ABN Amro Group NV Netherlands Chief Executive Officer Jan Peter Schmittmann, his wife and a daughter were found dead at their home today after a possible “family tragedy,” Dutch police said.
“The bodies of a father and mother and their daughter were found at the property” in the town of Laren, 32 kilometers (20 miles) southeast of Amsterdam, Dutch police said in a statement on their website today. Leonie Bosselaar, a police spokeswoman, said in a telephone call with Bloomberg News that the deceased were Schmittmann and two family members.


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Author of Money Ball shatters Wall Street facade by saying ‘Markets are Rigged’

Highly acclaimed author and columnist Michael Lewis dropped a bombshell on this week’s airing of CBS’s 60 minutes when he said unequivocally that every stock market is rigged, and that high frequency trading computers siphon billions of dollars from legitimate trades every year.
The U.S. stock market is rigged, with elite traders buying access to a high-speed network that allows them to figure out what you’ve just ordered, order it first, then raise the price before your order is complete.
And according to Michael Lewis, author of a new book about high-frequency trading called “Flash Boys,” this form of “front running” is completely legal.


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Physical silver purchases hit new record as paper price continues slide

According to the U.S. Mint, March sales of Silver Eagle one ounce coins set a new record at the same time paper spot prices for silver fell by more than $2.50 over the past 60 days.
In fact, the rise in gold and silver prices had been the second largest gainer in the overall market until deflation, slowdowns in China and other BRICS economies, and a Federal Reserve taper announcement began a sharp decline from a 19% gain in the first few months of 2014.
According to the recent update by the U.S. Mint, Silver Eagle sales hit a new record in March.  Sales of the U.S. Silver Eagle reached 4,476,000 at the end of the week.  Even though this surpassed the amount sold last year by over one million, the U.S. mint still has one final update to take place on Monday, March 31st.


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34th state approves to hold ConCon and now there is enough to remake government

Earlier this week, the state of Michigan approved a resolution to hold a new Constitutional Convention, and they become the 34th state to vote for opening the founding document to potential changes, restructuring, or complete abolishment.
This week the state legislature of Michigan became the 34th state to demand a “Constitutional Convention” in the United States.  Pursuant to Article 5 of the US Constitution, if 2/3rds of the states call for such a convention, (meaning 34 states)  it MUST take place. We will see if this is actually honored. At the very least, there is no time requirement so this could be dragged out for years.
Nevertheless, in such a convention, the ENTIRE Constitution is subject to review and can be altered and changed. This could be everything from installing “social justice” to the dissolution of the federal government. Everything is on the table as if we were back in 1776 Philadelphia. – Armstrong Economics


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Monday, March 24, 2014

Russian economist says that Yuan will become next reserve currency

As the United States becomes more isolated with the international community over Ukraine, one partnership is strengthening even more.  Last week, a Chinese spokesperson declared support for the Russian annexation of Crimea, and recognized the sovereignty of this new nation.  In response, Russian economist Yevgeny Gavrilenkov declared at the 15th governmental Chinese economic development forum that the Chinese Yuan will become the next global reserve currency after the fall and collapse of the U.S. dollar.




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ECB creates new banking union to take control over all banks in Eurozone

On March 20, the European Central Bank (ECB) finalized a deal where they would create a new banking union, and have complete control over all banks in the Eurozone.  This new union would allow the central bank to determine the insolvency of any bank facility, and have to the power to bailout, or cease operations of even small or regional banks tied to a sovereign state or country.
European Union negotiators agreed on Thursday to complete Europe’s banking union with a new agency to shut euro zone banks that are too weak to survive and a fund to help cover the costs, according to a draft agreement.
The deal also envisages giving the European Central Bank the primary role in triggering the closure of a bank, making it harder for the new ‘resolution’ agency to do so and limiting the scope for country ministers to challenge such a move. – Economic Times

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Russia close to signing new energy agreement that would end the Petro-Dollar

If the United States wanted to alienate Russia through its use of economic sanctions, then the former Cold War adversary has an answer for this, and one that would instantly turn the tide against the American empire.  In an announcement today from Tokyo, Russian spokesman Igor Sechin told reporters that his nation is in the final stages of a new natural gas agreement with China that would  be close to equal the amount of trade the Eurasian country currently does with the West, and create the scenario where nations would no longer have to go through the Petro-Dollar to buy and sell oil, goods, or other commodities, and in effect, create a backlash where it is the U.S. that is the one isolated.




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