Germany Summons U.S. Ambassador to Explain Merkel Phone Tapping

Germany summoned the U.S. ambassador to the Foreign Ministry over reports ChancellorAngela Merkel’s mobile phone was monitored by U.S. spy agencies as European Union leaders prepared to discuss tighter data protection. Ambassador John B. Emerson was called in for talks with Foreign Minister Guido Westerwellein Berlin this afternoon, a ministry spokeswoman said, speaking under customary condition of anonymity. France summoned […]

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Report: NSA Spied on 124 Billion Phone Calls in One Month

The National Security Agency recorded information about more than 124 billion phone calls during a 30-day period earlier this year, including around 3 billion calls from U.S. sources, according to a tally from top-secret documents released by multiple news outlets. Documents revealing details about the NSA’s Boundless Informant program show that information regarding billions of […]

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RBA’s Lowe Says Low Rates, Weaker Currency to Help Revive Growth

Australia’s record-low interest rates, weaker currency and improving sentiment should help revive growth in industries outside resources, central bank Deputy Governor Philip Lowe said. “A pick-up in non-mining investment is an important part of the story in the return of the Australian economy to trend growth,” Lowe said in the text of a speech to be delivered inMelbourne today. “Our […]

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The Sixth Stage of Collapse – Dmitry Orlov

I admit it: in my last book, The Five Stages of Collapse, I viewed collapse through rose-colored glasses. But I feel that I should be forgiven for this; it is human nature to try to be optimistic no matter what. Also, as an engineer, I am always looking for solutions to problems. And so I almost […]

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EU Cutting off NSA from Financial Spying – The Real Game Changer

The NSA has had access to financial transactions in Europe and their abuse of power is being noticed everywhere. The EU has now voted to block the access of the NSA to financial records in Europe. Many people are now looking at Switzerland as a safe harbor not for money, but for data. They are now looking […]

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Draghi Says ECB Won’t Hesitate to Fail Banks in Stress Tests

“European Central Bank President Mario Draghi said officials won’t hesitate to fail banks in its stress test next year as the ECB sets out to prove its vigilance in its new role of banking supervisor.”   Continue reading on businessweek.com

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How to Take Your Money Out of the Bank Without Going to Prison

“The banking industry is absolute chaos as their criminality is being exposed for the entire world to see. It is now widely known that the derivatives debt is over $1 quadrillion dollars and some of the rank and file in this country are concerned that their bank accounts, 401K’s, IRA’s and pensions will be confiscated […]

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Jim Puplava’s Big Picture: A Conversation With Jim Rickards

“Jim is pleased to welcome back Jim Rickards, Senior Managing Director at Tangent Capital Partners LLC, a merchant bank based in New York City. Mr. Rickards discusses how financial warfare is much different than regular warfare. He also notes that today inflationary and deflationary forces are canceling each other out. Sooner or later, we get […]

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IRS wastes billions in bogus claims for Earned Income Tax Credit

“The Internal Revenue Service paid up to $13.6 billion in bogus claims for the Earned Income Tax Credit last year and as much as $132.6 billion over the past decade, according to an internal audit that already has some members of Congress questioning how the agency will be able to administer Obamacare. IRS problems with […]

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The U.S. Labor Force Participation Rate Is At A 35 Year Low

“The percentage of Americans that are participating in the labor force is the lowest that it has been in 35 years.  During the 70s, 80s and 90s, the labor force participation rate consistently rose as large numbers of women entered the workforce.  It peaked at 67.3 percent in early 2000, and just before the last […]

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