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Brief history of labor and it’s significance in the US economy last 40 years

Arguably, what makes any economy strong is labor, and manufacturing.  The US has shifted from a manufacturing base economy to a financial / service based economy.  Corporations are making profits, but not creating anything.  By giving China and other countries jobs, it’s given them economic power.  An anti-labor trend that began in the 1980’s has […]

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FBI warns of U.S. government breaches by Anonymous hackers

While the NSA, CIA, and other agencies are spying on the populous, it appears that at least in some instances, the populous is spying on them as well.  But of course the populous will be held legally liable.  Activist hackers have been accessing US government computers in multiple agencies (we can assume CIA, NSA, at […]

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C.I.A. Collects Global Data on Transfers of Money

It appears the NSA is not the only agency with data collection programs that are not widely known.  Several officials (both current and former) confirmed the programs’ existence anonymously as the program is classified.  From the New York Times: The Central Intelligence Agency is secretly collecting bulk records of international money transfers handled by companies […]

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Trans Pacific Partnership (TPP) secret negotiations document released

Wikileaks released today a previously secret document outlining what would be the largest economic treaty ever.  From their press release: Today, 13 November 2013, WikiLeaks released the secret negotiated draft text for the entire TPP (Trans-Pacific Partnership) Intellectual Property Rights Chapter. The TPP is the largest-ever economic treaty, encompassing nations representing more than 40 per cent […]

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RBS Shock Chart: Fed monetizing 70% of net bond supply

The US Fed is really breaking new ground for something that’s never been done before, monetizing capital markets at an unprecedented level.  RBS released data today showing that the Fed is monetizing 70% of net bond supply: The following statement and chart from the RBS’ Drew Brick pretty much explains it all: “QE has seen […]

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Retail investors become private subprime lenders

Middle class boomers have become desperate to fund their retirements, as a low interest rate environment is killing their annuities and other fixed income components of their IRAs and 401ks.  Their generation has a component who simply doesn’t feel comfortable with stocks, due to their volatility and risk, going for more solid steady returns of […]

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