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Archive Monthly Archives: July 2017

Trump Axes Obama's MyRA Retirement Accounts After $70mm Of Taxpayer Funds Wasted

During his January 2014 State of the Union address Obama announced the creation of a new financial product that would allow American workers, those without access to retirement accounts anyway, to directly participate in the U.S. Treasury’s debt ponzi on a tax-deferred basis.  The accounts were cleverly named MyRA and were intended to be a […]

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Here's The Real Reason The Fed Is Making Absurd Monetary Decisions

John Mauldin has often written about the Fed’s abysmal track record in managing the economy. Here Lacy Hunt and Van Hoisington of Hoisington Investment Management explain the reasons for the Fed’s consistently poor track record. They start by considering the Fed’s “dual mandate,” which sets “the goals of maximum employment, stable prices and moderate long-term interest rates.” […]

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Rand Paul: Trump Considering Executive Action On Healthcare

After the Senate failed to repeal Obamacare on Thursday, when a critical “Nay” vote by John McCain crushed Trump’s biggest campaign promise shortly after midnight, on Saturday the President threatened to end key payments to Obamacare insurance companies if a repeal and replace bill is not passed. “After seven years of ‘talking’ Repeal & Replace, […]

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Democrats' Biggest Donor Urges Shift To Bernie's Platform: "Being Never-Trump Is Not Nearly Enough"

Tom Steyer, a California hedge fund billionaire, had the dubious honor of being the largest donor to the Democratic party – spending a whopping $87 million on Democratic candidates and causes in 2016 and endorsed Clinton after the primaries. With Schumer and the Democrats pushing their ‘new better deal’ and admitting the Russians didn’t do […]

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Scaramucci Listed As Dead In Latest Harvard Alumni Directory

It was a bad day for Anthony Scaramucci: first the Mooch was fired just ten days after he was first hired, in the brief process getting served with divorce papers and missing the birth of his baby while unleashing a bizarre rant for the ages, and then shortly after, his now former boss, the president […]

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Meanwhile, Somewhere In The Pentagon…

Authored by Charles Hugh Smith via OfTwoMinds blog, The decision to launch nuclear weapons is political, not military. As North Korean supreme leader Kim Jong Un declares that “The Entire US Territory Is Now Within Our ICBM Range”, somewhere in the Pentagon, operational plans to neutralize North Korean nuclear and long-range missile capabilities are being […]

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Judge Napolitano: Awans Had Access To 'Virtually Everything' In House of Representatives, Sold Information

Content originally published at iBankCoin.com The rapidly unfolding case against Debbie Wasserman Schultz’s apparent Pakistani IT spy ring already had huge implications for National Security. We now learn that the investigation into the the Awan family encompasses more than just the Democrats they were working directly for. Judge Andrew Napolitano appeared on Fox Business Network on Monday where he dropped a new bombshell: not only did […]

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Trump Saw A Disturbing Video, Then He Shut Down The CIA's Covert Syria Program

While we’ve carefully documented the dynamics in play behind Trump’s decision to end the CIA’s covert Syria program, as well as the corresponding fury this immediately unleashed among the usual hawkish DC policy wonks, new information on what specifically impacted the president’s thinking has emerged. Thomas Joscelyn, a Middle East analyst for the Foundation for […]

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FX Week Ahead: Can The Swiss National Bank Breathe A Sigh Of Relief?

FX Week Ahead, by Shant Movsesian and Rajan Dhall MSTA of fxdaily.co.uk Is the SNB at it again? EURO-phoria takes off as longer term investors get the nod. Having focused on the USD in recent weeks, and how the market has rounded on the greenback ‘en masse’, we can finally look to some exchange rate […]

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Chris Whalen: "Gundlach Isn't Wrong, He's Just Early"

Chris Whalen, Chairman of Whalen Global Advisers and a very well-known financial analyst (he was one of the original forecasters of Lehman’s inevitable demise) appeared on MacroVoices podcast this week to discuss the equity valuations, the path of the US dollar and DoubleLine Capital founder Jeff Gundlach’s declaration that the 35-year bull market in bonds […]

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