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Category: Financial, Economy

The U.S. Is Shackled By Historic Debt

Zerohedge The U.S. Is Shackled By Historic Debt 05/21/2018 Authored by Lawrence Thomas via The Gold Telegraph, Do you feel as if you’re drowning in debt? It’s worse than you think The U.S. government reached a new milestone when our country’s debt topped $21 trillion for the first time. The national debt grows by an average of $17,000 every second – more than some people earn in an entire year. That’s only an average, and During the past eight months, the national debt grew by $52,000 per second. And the trend toward bigger and higher spending is only getting worse. The ratio...

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Will Pentagon Audit Lead to Missing Money?

BATRWill Pentagon Audit Lead to Missing Money? Detailing the specifics of waste or even graft that has transpired inside the military-industrial-security complex is a task that could get an investigator killed. The biggest cash cow is wrapped in the flag and exists within a culture where mere scrutiny lays open charges of being unpatriotic. Munitions merchants maintain a special relationship with Generals and Admirals who promote, protect or facilitate the continuous development and deployment of weapon systems. The revolving door of influence rewards compromised legislatures or bureaucrats with executive payoffs when they leave government service. Senator Enzi Seeks Timeline for Ongoing...

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Trump Shuns Xi As US Uninvites China From World’s Largest Naval Exercise

Zerohedge Trump Shuns Xi As US Uninvites China From World’s Largest Naval Exercise 05/23/2018 In the latest sign that contrary to the official rhetoric, tensions between the US and China are in fact escalating as China reaffirms its dominance of contested territory in the South China Sea (see “China Releases Footage Of Bombers Landing On Disputed Island For The First Time“) the US has disinvited China from the Pacific Rim Military Exercises, the Pentagon told AFP. According to Inside Defense, the US military revoked the invitation because of Beijing’s aggressive actions in the South China Sea, which have recently included reports...

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Mnuchin: US-China Trade War “On Hold”, But NAFTA Still “Far Apart”

Zero Hedge In what looks to us like confirmation that the US has officially kicked the can down the road, Treasury Secretary Steven Mnuchin said Sunday that China and the US were putting a trade war “on hold” as the two sides work to hammer out a comprehensive trade agreement that will be acceptable to both sides. Mnuchin, who was in Beijing last week for trade talks with top Chinese officials, emphasized that Trump isn’t giving up on holding China accountable – the process is just taking longer than some had hoped. “Right now Chris we’re going to put...

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Japan plans $400m hit on US goods in response to Trump tariffs

The Guardian Japan is considering slapping tariffs on US imports worth $409m in retaliation against steel and aluminium levies imposed by Donald Trump, public broadcaster NHK said on Thursday. Trump ‘working’ with Xi Jinping to save jobs at Chinese company hit by US ban Read more As the Trump administration prepares to begin talks with China in Washington on Thursday aimed at averting a trade war, Japan said it was preparing to notify the World Trade Organisation of its proposal, the report said. Tokyo’s planned retaliatory tariffs would be the equivalent value to duties imposed by Washington via its tariffs, according to NHK,...

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Bitcoin Is Going To Use As Much Electricity As Austria By The Year’s End

Futurism At this point, mining Bitcoin requires such intensive, specific hardware that the only way for most people to get in on the crypto game is to simply purchase the coin via an exchange. But that doesn’t mean mining has slowed down. Rather, the opposite has been happening, giving environmentalists (and anyone but the most adamant cryptobros) cause for concern. Between cooling fans, manufacturing hardware, and the outrageous, ever-rising energy costs needed to operate a bitcoin mining rig, the world’s Bitcoin network is expected to use as much as 7.67 gigawatts of power by the end of 2018, according...

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April Showers Bring May Flowers, Is It Happening? [VIDEO]

X22Report April Showers Bring May Flowers, Is It Happening? – Episode 1570b May 17, 2018 Check Out The X22 Report Spotlight YouTube Channel – https://www.youtube.com/channel/UC1rn… Join the X22 Report On Steemit: https://steemit.com/@x22report Get economic collapse news throughout the day visit http://x22report.com Report date: 05.17.2018 The IG report is going to be released in May and it looks like it is going to bring May flowers. The Korea story that the corporate media is pushing out is fake and false. The statement made by NK was edited a certain way to make it look like the NK wanted to cancel...

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Calling China A Liar, Kudlow Says Beijing Offered To Reduce Trade Deficit By “At Least $200 Billion”

Zerohedge Calling China A Liar, Kudlow Says Beijing Offered To Reduce Trade Deficit By “At Least $200 Billion” 05/18/2018 Trump’s top economic advisor, Larry Kudlow (it’s still a shock) did not get the memo that Beijing vocally denied last night’s “fake news” report that it was ready to slash the US trade deficit with China, and speaking to reporters at the White House, the former CNBC commentator said China offered to reduce its trade surplus with the U.S. by “at least $200 billion” in talks to head off a possible trade war, according to Bloomberg. As a reminder, this is patently false as...

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Meet Tesla’s New Bondholder: Billionaire George Soros

Zerohedge Meet Tesla’s New Bondholder: Billionaire George Soros 05/16/2018 Amid Elon Musk’s darkest hour in late March – as his stocks and bonds tumbled in price – it seems there was at least one other billionaire willing to buy the ‘blood on the street’. According to the latest 13Fs, George Soros’ investment firm took a $35 million stake in Tesla’s convertible bonds during the first three months of the year One glimpse at the volume in TSLA converts suggests Soros Fund Management piled in as the price plunged at the end of March… As a reminder, convertibles are hybrid securities, either bonds or...

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Keiser Report: Capricious Nature of USD Empire

RT Keiser Report: Capricious Nature of USD Empire (E1228) May 17, 2018 In this special double header episode of the Keiser Report, Max and Stacy discuss the capricious economic and financial policies of the United States that are even leading European allies to consider alternatives to the SWIFT system upon which much global trade currently relies. As the US has increasingly used its authority over the payments system to economically punish competitors, enemies and allies alike, many wonder if a more stable trade system might be found in a more neutral decentralized system. In the second half, Max interviews...

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How Bankers Have Slowly Manipulated the U.S. Government Towards Establishing A Totalitarian State

HumansAreFree How Bankers Have Slowly Manipulated the U.S. Government Towards Establishing A Totalitarian State Why Bankers Manipulate Governments History reveals that wealthy families long ago discovered out how profitable financing wars could be. The Rothschild fortune was established once Nathan Meyer Rothschild managed to build a network of spies so that he could receive early information of war reports which would give him insider info. He used the early news of Wellington’s victory over Napoleon at Waterloo to make a killing in the market and establish his family’s banking fortunes. In our modern era mega corporations, big banking cartels and secret shadow organizations have also discovered that it...

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Trump’s Strategy: Koreas, Dollar Reset, Middle East – with Robert David Steele

SarahWestall Trump’s Strategy: Koreas, Dollar Reset, Middle East – with Robert David Steele May 12, 2018 Robert David Steele rejoins the program to share his thoughts on Trump’s global geopolitical strategy. Many of us are perplexed by Trump’s actions internationally and this episode we explore some of the actions by Trump and his possibly strategy and ultimate goals. In particular, we discuss the unification of the Koreas, the global economic reset, and the endless wars in the Middle East. We also discuss the ongoing chaos in the United States and the International Natural Justice Tribunal (INTJ) and the significant...

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THE GOLDFISH REPORT NO 224, COUNTRY ROADS W/ WINSTON SHROUT: FASCISM- RULE BY CORPORATION [VIDEO]

TheGoldfishReport THE GOLDFISH REPORT NO 224, COUNTRY ROADS W/ WINSTON SHROUT: FASCISM- RULE BY CORPORATION May 11, 2018 On The GoldFish Report No. 224, Louisa sets the tone for this report on The Corporate State with the latest QANON posts and the warning about what will soon be revealed to the public. Winston describes the origins of Incorporation beginning with how Organized Crime families worked more efficiently with a corporate structure that includes the origins of Sin City (Las Vegas). Next Winston highlights the criteria that constitutes Fascism and then shares an article about the History of Corporations and...

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China launches railway communication with Iran

PravdaReportChina launches railway communication with Iran The Chinese authorities opened railway communication with Iran, despite the position of the United States. Beijing opened a new railway line to Iran, while the US calls on its companies to wrap up their interaction with Tehran. As long as US President Donald Trump tightens his confrontational attitude toward Tehran by terminating the 2015 nuclear deal and calling for a new sanctions regime, China is more than willing to take advantage of an opportunity for trade by opening a new international railway linking Tehran and Bayannur, a city in China’s Inner Mongolia region.   The...

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DOLLAR COLLAPSE COMING: EU To DITCH The US Dollar In Payments For Iranian Oil

SHTFPlan DOLLAR COLLAPSE COMING: EU To DITCH The US Dollar In Payments For Iranian Oil Mac Slavo May 16th, 2018 The dollar’s collapse is nearing.  The European Union is planning to switch its payments to the Euro for its oil purchases from Iran, eliminating United States dollar transactions. Just one more nail to the US dollar’s coffin.  Its collapse is all but imminent at this point. The EU has successfully found a way to scoff at potential future sanctions on Iran by openly defying the US; and as an “added bonus,” they’ve helped seal the dollar’s fate.  According to RT, a diplomatic source with the...

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U.S. RELIGIOUS GROUPS GENERATE MORE MONEY THAN MICROSOFT AND APPLE COMBINED

WakingTimes U.S. RELIGIOUS GROUPS GENERATE MORE MONEY THAN MICROSOFT AND APPLE COMBINED May 10, 2018 Phillip Schneider, Staff Writer Waking Times Since the founding of the country, religion of some type has always played an active role in the lives of a majority of Americans. Although religious faith is on a long-term downward trend while secularism is on the rise, about 70.6% of Americans still identified as Christian in 2014, while 5.9% had “Non-Christian faiths” such as Judaism or Islam, according to Pew Research Center. These numbers mean that over one in four Americans believe in some form of non-atheistic religion....

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Switzerland – A Once-in-a-Lifetime Chance to spreading Positive Banking News to the World

TheSaker Switzerland – A Once-in-a-Lifetime Chance to spreading Positive Banking News to the World May 13, 2018 by Peter Koenig for The Saker Blog It’s called “Vollgeld Initiative” – in German, meaning more or less “Referendum for Sovereign Money”. What is “Sovereign Money”? – Its money produced only by the Central Bank, by the “Sovereign”, the government, represented by its central bank. Money created in accordance with the needs of the economy, as contrasted to the profit and greed motives of the banking oligarchy – wat it is today; money creation at will, by private banking. The people of Switzerland...

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DOLLAR COLLAPSE COMING: EU To DITCH The US Dollar In Payments For Iranian Oil

SHTF Plan The dollar’s collapse is nearing.  The European Union is planning to switch its payments to the Euro for its oil purchases from Iran, eliminating United States dollar transactions. Just one more nail to the US dollar’s coffin.  Its collapse is all but imminent at this point. The EU has successfully found a way to scoff at potential future sanctions on Iran by openly defying the US; and as an “added bonus,” they’ve helped seal the dollar’s fate.  According to RT, a diplomatic source with the EU has told a news outlet of the decision.  “I’m privy to the information that the EU is going...

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