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LESSON FROM FEDS FINANCIAL TAKEOVER OF PUERTO RICO? BE YOUR OWN BANKER.

Fox News recently reported: "For the first time in Puerto Rico's history as a U.S. territory, the island doesn't have the ultimate control of its finances."  Yes you read that correctly, at the end of September, a seven member control board…
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The Most Important State Expenditures

In your opinion what is the most important expenditure for your state government?  Education?  Welfare?  Crime Prevention? Health care / Medicaid?  Environment?  Infrastructure like roads and bridges?  Whatever your answer is, I bet it…
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Active Fund Managers Nearing Capitulation?

  A recent article at ZeroHedge admitted some very astonishing things.  The article quotes from a recent fund newsletter written by Russell Clark.  In case you do not know Mr. Clark is the manager for the hedge fund Horseman Global. …
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Financial Literacy?

By Jason I. Henderson, Ph.D. I ran across an article today that confirms what I have thought for a long time.  The article is rather short, so you could just go read it or here is a shorter version: Very few Americans have ever had organized…
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Emergency Federal Reserve Meetings?

The Federal Reserve Chairman Janet Yellen and President Obama are meeting today in an emergency meeting.  If that is not alarming enough, that meeting is also including Vice President Biden.  There is an important article you should read…
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Spending more on Health Care vs. Social Security

"We the people" is often used when we talk about liberty and justice for all.  It is not a phrase used very often when we talk about things that are not so noble, such as spending.  When we talk about spending, we use "the government" as if…

L50) The world’s mega banks now have official permission to pledge depositor accounts as collateral to make leveraged derivative bets

http://www.lewrockwell.com/2014/12/mark-nestmann/worldwide-bail-ins-are-coming/   Wow!!  If there was ever a com­pelling rea­son to back away from banks and “too big to fail” ones par­tic­u­larly, and look for refuge in Whole…

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