LATEST NEWS: 21 Facts That Prove That Dependence On The Government Is Out Of Control In America

If you could stay home and watch television, play video games and hang out with your friends all day at government expense, would you do it?  Of course most Americans that collect money from the government each month are not abusing the system.  Many truly are incapable of taking care of themselves, and others are […]

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LATEST NEWS : Euro Inflation Slows as Draghi Hints at More ECB Stimulus

Euro-area inflation slowed in August and the region’s unemployment rate remained close to a record, increasing pressure on the European Central Bank to take action to kindle the bloc’s faltering recovery. continue reading at bloomberg.com

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LATEST NEWS : Ferguson Police Use Tear Gas, Stun Grenades in Clashes

Police fired stun grenades and tear gas at protesters in a St. Louis suburb rocked by violence after police shot and killed an unarmed black teen 10 days ago. continue reading at bloomberg.com

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LATEST NEWS : Russia can switch to payments with India, China in national currencies crushing dollar amid sanctions – experts

Experts believe that the wish of the West to restrict Moscow’s cooperation with Brussels and Washington will play into the hands of the Russian economy. Wisdom and presence of mind are two components that will guarantee success for a new spiral of Russia’s cooperation with eastern countries. Also, this will allow us to counter-balance the […]

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LATEST NEWS : China’s Income Inequality Surpasses U.S., Posing Risk for Xi

The income gap between the rich and poor in China has surpassed that of the U.S. and is among the widest in the world, a report showed, adding to the challenges for President Xi Jinping as growth slows. A common measure of income inequality almost doubled in China between 1980 and 2010 and now points to a “severe” disparity, […]

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The truth is out: money is just an IOU, and the banks are rolling in it

Back in the 1930s, Henry Ford is supposed to have remarked that it was a good thing that most Americans didn’t know how banking really works, because if they did, “there’d be a revolution before tomorrow morning”. Last week, something remarkable happened. The Bank of England let the cat out of the bag. In a […]

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Soros Says Europe Faces 25-Year Slump Without Overhaul

Billionaire investor George Soros saidEurope faces 25 years of Japanese-style stagnation unless politicians pursue further integration of the currency bloc and change policies that have discouraged banks from lending. While the immediate financial crisis that has plagued Europe since 2010 “is over,” it still faces a political crisis that has divided the region between creditor and debtor nations, […]

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Ukraine Is About Oil. So Was World War I

kraine is a lot more portentous than it appears. It is fundamentally about the play for Persian Gulf oil. So was World War I. The danger lies in the chance of runaway escalation, just like World War I. Let’s put Ukraine into a global strategic context. The oil is running out. God isn’t making any […]

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Money for nothing: Feds in D.C. closed 25% of the time

Between snow days, official holidays and the government shutdown, federal employees have worked a normal business day less than 75 percent of the time since Oct. 1, marking a startlingly chaotic beginning to the fiscal year. Offices have been closed in whole or in part for 27 of the 105 weekdays so far in the fiscal year, […]

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The Federal Government Makes $100 Billion a Year in Improper Welfare Payments

How much money does the federal government send to the wrong recipients? In 2012, over $100 billion. My colleague Jason Fichtner and I produced this chart, which shows the amount and rates of improper payments from federal transfer programs, using the data from the Office of Management and Budget’s “High-Error Programs Report.” continue reading at nationalreview.com

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