Economy

Media Blackout: Did Wachovia, Harris and Union Bank Launder Drug Money?

Written by on May 28, 2011 in Economy with 0 Comments
Media Blackout: Did Wachovia, Harris and Union Bank Launder Drug Money?

Billionsof dollars in drug money may have been laundered through Wachovia bank which is now Wells Fargo.

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Food Prices to Skyrocket, Riots Could Follow, Suggests USDA

Written by on March 1, 2011 in Economy with 1 Comment
Food Prices to Skyrocket, Riots Could Follow, Suggests USDA

Source: naturalnews.com. When the upswing in commodity prices eventually makes its way throughout the food system in mid-to-late 2011, food prices are sure to spike with levels potentially reaching those of 2008, announced U.S. Department of Agriculture (USDA) economist Ephraim Leibtag at the agency’s annual Outlook Forum. And if conditions escalate rapidly, there is also […]

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U.S. Feds Shadowing Grocery Store Rewards and Credit Cards

Written by on December 10, 2010 in Economy
U.S. Feds Shadowing Grocery Store Rewards and Credit Cards

U.S. citizens are being put under surveillance in real-time as federal authorities have carte blanche to obtaining credit card data without a warrant or a court order according to recently released documentation liberated by a FOIA request. Once someone is under what is called a “Hotwatch” the individual will have their credit cards, grocery store rewards […]

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Audit Reveals Fed Bailout of Foreign Banks Cost Trillions

Written by on December 3, 2010 in Economy
Audit Reveals Fed Bailout of Foreign Banks Cost Trillions

Over $10 trillion was given to the Federal Reserve and member banks and trillions more went to foreign banks.  This information was disclosed thanks to the bill introduced by Congressman Ron Paul (R-Texas) which proposed making the Federal Reserve transparent and subject to audits but the final version had been stripped down. Senator Bernie Sanders […]

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French Revolution On December 7th

Written by on November 25, 2010 in Economy with 1 Comment
French Revolution On December 7th

  A former Manchester United soccer star is pushing for a run on the banks in response to raising the official retirement age from 60 to 62 years of age.  Students and workers plan to protest this winter and will now consider this plan from football star Eric Cantona. Cantona is now retired and much […]

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Ron Paul to Give Bernanke a Run for His Money

Written by on November 16, 2010 in Economy with 0 Comments
Ron Paul to Give Bernanke a Run for His Money

Federal Reserve chairman, Ben Bernanke will soon be overseen by Ron Paul as the chairman of the House Subcommittee on Domestic Monetary Policy.  The committee has had little to do with monetary policy and more to do commemorative coins in the past but Senator Paul intends to change that. Ron Paul won’t be able to eliminate the Fed from […]

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Deutsche Bank Sued for Fraudulent Mortgages

Written by on November 5, 2010 in Economy with 0 Comments
Deutsche Bank Sued for Fraudulent Mortgages

  Deutsche Bank AG is being sued because of $312 million in mortgage-backed securities that were bonded and guaranteed but were allegedly fraudulent and misrepresented.  Assured Guaranty Ltd. is filing the suit and requesting the judge to make it mandatory to repurchase the loans. In a complaint filed in New York state Supreme Court, the bond insurer […]

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Suicides Amidst Controversial Microfinancing Industry

Written by on October 29, 2010 in Economy with 0 Comments
Suicides Amidst Controversial Microfinancing Industry

There have been reports that suicides are happening by the dozens in Andhra Pradesh, India, the center of the microfinance industry.  Microfinancing lives up to its name as it allows lenders to loan small amounts of money to impoverished individuals but it charges high interest rates up to 30 percent. These practices became popular after George […]

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French Assembly Votes to Raise Retirement Age

Written by on October 27, 2010 in Economy with 0 Comments
French Assembly Votes to Raise Retirement Age

Nicolas Sarkozy has his work cut out for him as he is taking an unpopular stance in the face of massive protests to raise the age of retirement for his country from age 60 to 62.  The lower parliament voted for the bill 336-233 today.  Sarkozy will have to decide if he wants to sign […]

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