Brazil's Banana Scoundrels Will Now Win Their Olympics Authored by Pepe Escobar via Stratgic-Culture.org, The Rio Olympics are gone – Bolt, Phelps, Neymar, the green pool, the Ugly American Lochte and all – but a global audience may have been spared a shameful last act. Mediocre incompetent opportunist, corrupt coward traitor, and certified political usurper, …

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Negative Rates and Cash Bans: The Chaos Continues at Jackson Hole From: TheDailyBell.com Negative rates should be integral part of central bank policy options … Central banks should make negative interest rates a fully integrated part of monetary policy in order to respond effectively to future recessions, according to an academic paper presented on Friday …

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One World Currency introduced by The Cartel Settlement Coin Well, it finally happened.  Mark your calendars for the year 2016 as ‘the year’ a real One World Currency has been announced.  But don’t worry – as we explain in Splitting Pennies – Understanding Forex – MONEY DOESN’T EXIST. How is it possible, you say – when we haven’t …

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How Long Will It Take For The ECB To Own All Sovereign Debt Of Spain, Germany, France? Submitted by Michael Shedlock via MishTalk.com, Huky Guru on Guru’s Blog posted a chart that answers the question: How Long Will it Take For the ECB to Own All Sovereign Debt of Eurozone Countries?      At the …

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Four More Mega-Banks Join The Anti-Dollar Alliance Submitted by Simon Black via SovereignMan.com, That was fast. Yesterday I told you how a consortium of 15 Japanese banks had just signed up to implement new financial technology to clear and settle international financial transactions. This is a huge step. Right now, most international financial transactions must …

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Is The EU Volcano About To Erupt? Submitted by Mike Shedlock via MishTalk.com, I am wondering if the EU volcano is about to erupt. My rationale is Matteo Renzi, Francois Hollande, and Angela Merkel met on a volcanic island near Naples, specifically chosen as a symbolic mark of their joint resolve to stay the course …

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Dispelling The Norwegian Housing Myth Submitted by Alexander Grover in Oslo, Norway Recently, Dagens Næringsliv published an article where an economist from DnB (Norway’s largest bank) stated that Norway is not in a housing bubble although conditions resemble one and prices can still fall.  The article bases the current prices on the following assumptions: High …

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Brexit: Worst Case Scenario For EU; Armageddon Promise Now Exposed As Pack Of Lies Submitted by Michael Shedlock via MishTalk.com, Project Fear predicted economic meltdown if Britain voted leave. Where are the devastated high streets, job losses and crashing markets? In other Brexit news, Sweden warns the UK about cutting corporate taxes. How should the …

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For Sale: The World's First $1+ Billion Dollar House Exactly two years ago, we reported about what we dubbed at the time was “absolute bubble insanity” – a double skyscraper called the Tour Odeon, located in the French Riviera, which would house a 3,300 square-meter (35,500 square-foot) penthouse with a water slide connecting a dance …

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AN EXTReMeLY CaReLeSS MiSTaKe… President Obama Violated The Law With His Ransom Payment To Iran Submitted by Andrew McCarthy via NationalReview.com, The president hoped to camouflage what he knew to be against the law in his dealings with Iran. Did it ever occur to President Obama to ask why he couldn’t just cut a check …

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