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Long Time Socialists Starting to Feel Political Pain

What is interesting to watch is how the Socialists in countries that have been excessively Marxist for decades are starting to see the light that what they have [...]

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G20 Promises to Refrain from Currency Wars

It has only taken since 1933 for government to final admit that competitive devaluation of currencies actually harms the economy. In a G20 communique after a [...]

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Europe in Trouble

Europe will put in the lowest economic growth in the world for 2013. The German national statistics office Destatis calculated that gross domestic product (GDP) [...]

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SEC Criminally Charge Only Non-Bankers

The SEC has filed criminal charges on insider trading front-running which is standard practice by the New York Trading Banks. This is just further evidence that the [...]

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Singapore 4000 Protest Against Foreigners

I reported that there was rising tension against foreigners in Singapore for they blame them for the rise in property prices and inflation. Now, amazingly, there [...]

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The Leviathan Shows Its Teeth

Britain is adopting US tax law by default – worldwide income. The US position to tax citizens on worldwide income even when they do not live here was NEVER [...]

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Are We Headed Toward Another French Revolution?

I have been warning that the objective of modern government everywhere is to eliminate cash to ensure 100% tax collection. There is absolutely NO INTENT to return [...]

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Capital Flows as Reported by Central Banks Can Be Distorted.

The numbers for Japan in December would imply on the surface that capital inflows took place rather than outflows yet the yen declined. There are serious problems [...]

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Free Capital Flows = Peace / Restrictions = War

It was Cordell Hull (Sec. State 1933-1944), whose observations during the Great Depression led to his belief in the concept of Economic Security – defined as a [...]

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Comments from Europe on Europe

Income tax was introduced in England in 1798 as a temporary measure to fight Napoleon. Have we defeated Napoleon yet? [...]

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