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John Gaver – The Tax Deception

from Financial Survival Network John Gaver is Editor & Publisher of the popular webzine, ActionAmerica,… [more]

John Gaver – The Tax Deception John Gaver - The Tax Deception

Mike Dana – One of the Good Guys Working to Stop Identity Theft

from Financial Survival Network Mike Dana is a law enforcement officer who's been chasing identity… [more]

Mike Dana – One of the Good Guys Working to Stop Identity Theft Mike Dana - One of the Good Guys Working to Stop Identity Theft

Heather Wagenhals – Avoid Vacation Hackers, You’re a Sitting Duck!

from Financial Survival Network Heather Wagenhals asks the question, how can we be hacked on vacation? *… [more]

Heather Wagenhals – Avoid Vacation Hackers, You’re a Sitting Duck! Heather Wagenhals - Avoid Vacation Hackers, You're a Sitting Duck!

Andrew Hoffman – The The Amtrak Economy

from Financial Survival Network Andrew Hoffman is back on the program. Get the details on: Fed… [more]

Andrew Hoffman – The The Amtrak Economy Andrew Hoffman - The The Amtrak Economy

Jason K. Roberts – Florida Real Estate Market Still Strong

from Financial Survival Network Jason K. Roberts has been making his fortune buying and selling distressed… [more]

Jason K. Roberts – Florida Real Estate Market Still Strong Jason K. Roberts - Florida Real Estate Market Still Strong

Instant Equity – The Cure For Bad Credit (Episode 29)

from Mike Gazzola’s Real Estate Investing That Works The beauty of Instant Equity is that you're… [more]

Instant Equity – The Cure For Bad Credit (Episode 29) Instant Equity - The Cure For Bad Credit (Episode 29)

Bruce D. Price – Dissecting the Crooked House of Education

from Financial Survival Network Bruce D. Price explains exactly what's wrong with education in America… [more]

Bruce D. Price – Dissecting the Crooked House of Education Bruce D. Price - Dissecting the Crooked House of Education

John Gaver – The Tax Deception

from Financial Survival Network

John Gaver is Editor & Publisher of the popular webzine, ActionAmerica, which he describes as an “original intent conservative” publication. He and his articles have been cited in the national media and a number of his articles have been widely distributed in financial and political newsletters. In “The Rich Don’t Pay Tax …Or Do They?”

He does a head to head comparison of the two flat tax bills pending in Congress and the Fair Tax why the Fair Tax is so superior and really protects the citizen’s rights and really does abolish the IRS, which is what all Americans other than the politicians really want.

Click Here to Listen to the Audio

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Mike Dana – One of the Good Guys Working to Stop Identity Theft

from Financial Survival Network

Mike Dana is a law enforcement officer who’s been chasing identity thieves for years. Now he’s now one of the Identity Theft Warriors. Until KeepMyId.org came along consumers were really at a major disadvantage. Your information is out their, just waiting for the identity thieves to strike. Mike has been there helping to pick up the pieces and it ain’t a pretty picture. That’s why he’s working with the good guys to help put an end to it.

Click Here to Listen to the Audio

Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.

Big Banks: Big Fines: Business as Usual

by Nomi Prins
NomiPrins.com

Last week, the Department of Justice announced that five major global banks had agreed to cop parent-level guilty pleas that rendered them all official corporate felons. The banks will pay more than $2.5 billion of criminal fines on top of a slew of past fines, plus regulatory and other fines of $3.1 billion, on top of a slew of past fines. It doesn’t take a genius to see the pattern. Crime. Wrist-slap. Rinse. Repeat.

Here’s the thing. These kinds of penalties cause no financial damage; the profit was booked and releveraged long ago. The costs of the fines were set-aside in tax-deductible reserves awaiting this moment. Pleading guilty to one-count of felony level price rigging yet being allowed to maintain their status also alters nothing. These foreign currency exchange (FX) market manipulators – or “The Cartel” as they call themselves – Citicorp, JPMorgan Chase, Barclays, The Royal Bank of Scotland, and UBS AG (who also received a $203 million fine for breaching its prior LIBOR manipulation settlement) will feel this punishment like an elephant feels a gnat, maybe even less.

Continue Reading at NomiPrins.com…

Bernie Sanders Says Hillary Clinton’s ‘Hustle’ Money Isolates Her

by Robert Schroeder
Market Watch

WASHINGTON (MarketWatch) — Bernie Sanders says he won’t condemn Hillary and Bill Clinton for earning millions of dollars from giving speeches. But “that type of wealth” can isolate people from the reality of the world, the presidential hopeful says.

“When you hustle money like that, you don’t sit in restaurants like this,” Sanders told CNBC’s John Harwood in an interview that aired Tuesday morning. Sanders, who is challenging Hillary Clinton for the Democratic nomination for president, spoke with the business network in a Capitol Hill restaurant.

Continue Reading at MarketWatch.com…

Memo To Blogger Ben – The TWC/Charter Deal is a “Bubble” Starring You In The Face

by David Stockman
David Stockman’s Contra Corner

Its Merger Monday again on this holiday adjusted Tuesday. So the announcement of another humungous debt-fueled M&A deal is right on schedule.

This time it involves the utterly pointless combination of two giant, quasi-monopoly cable companies—–Time-Warner Cable (TWC) and Charter (CHTR)—– that are already on their homeward journey to Joseph Schumpeter’s Walhalla of creative destruction. But not before da boyz in the casino have one last go at a positively lunatic speculation.

To wit, during the last 12 months, TWC and Charter have managed to generate a combined total of $5 billion in free cash flow (i.e. EBITDA less CapEx). At the moment the market is valuing their combined TEV at $116 billion. That computes to a free cash flow multiple of 23X!

Continue Reading at DavidStockmansContraCorner.com…

China’s Currency Isn’t Ready for Prime Time

from Casey Research

Don’t believe everything you read. The Chinese yuan isn’t about to become a reserve currency. Nor is China about to launch a gold-backed currency, as the most zealous gold bugs believe.

Far from it. Jim Rickards, one of the smartest financial writers around, says China’s currency, the yuan, simply isn’t ready for prime time.

China faces obstacles that will take years to overcome. Its bond market is illiquid, and it lacks a robust legal system to settle disputes. Not to mention that it has nowhere near enough gold to stand up to the bank run that would occur if it made the yuan redeemable for gold.

Rickards isn’t alone. Former Fed chairman Ben Bernanke also thinks the yuan isn’t ready to become a major reserve currency.

Continue Reading at CaseyResearch.com…

Cyber Security, The Surveillance State and @RandPaul Filibuster

from Boom Bust

Video Description…

$500 Million LA Home – Built on Spec

by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis

To highlight the enormous and growing income inequality issue, please consider California Dreaming: Record $500 Million Tag on L.A. Home.

Nile Niami, a film producer and speculative residential developer, is pouring concrete in L.A.’s Bel Air neighborhood for a compound with a 74,000-square-foot (6,900-square-meter) main residence and three smaller homes, according to city records. The project, which will take at least 20 more months to complete, will exceed 100,000 square feet, including a 5,000-square-foot master bedroom, a 30-car garage and a “Monaco-style casino,” Niami said.

Continue Reading at GlobalEconomicAnalysis.Blogspot.ca…

Why China Is So Desperate To Blow The Most Epic Stock Bubble

from Zero Hedge

Over one and a half years ago we put in perspective the amount of money creation by China compared to the the liquidity injection by the Big 3 “developed world” central banks. The result was stunning.

[...] This was as of November 2013.

Since then both the Chinese money machine, as well as those of the central banks has kept on pumping in injecting liquidity (in the process withdrawing liquidity from markets as Citi’s Matt King pointed out three weeks ago). A quick update comparing just China with the US shows that as of the most recent period, Chinese banks now have just shy of $30 trillion in assets, compared to almost 50% less for US banks.

Continue Reading at ZeroHedge.com…

When Genius Fails Again, Part II

by Addison Wiggin
Daily Reckoning

Where were we?

Ah, yes… the sword of Damocles hanging over the global economy.

By June of last year, total world derivatives were estimated at $1.5 quadrillion — (again, 14 zeros!) — an increase of 194% over the avalanche that triggered near financial collapse in the Panic of ’08.

The derivatives book has grown. And so have the banks!

The “too big to fail” banks at the helm during the 2008 crisis are now consolidated and nearly twice as big today as they were eight years ago. We’ll get back to that fact in a moment…

Continue Reading at DailyReckoning.com…

Biggest Debt Collector in Europe Says Crisis Rates Not Helping

by Niklas Magnusson
Bloomberg.com

The head of Europe’s biggest debt collector says the historic wave of stimulus spilling out of central banks has failed to fuel investment growth.

Lars Wollung, the chief executive officer of Intrum Justitia AB, warned that record-low interest rates “don’t seem to lead to investments that create jobs,” in an interview in Stockholm.

“A rate that is too low, or a rate that many of us have never experienced, is so extraordinary that it doesn’t create any stability or faith in the future at all,” he said. “Rather the opposite: one feels insecure and waits with expansion plans and to hire more people.”

Continue Reading at Bloomberg.com…

DoD Workers Charged Over $ 1 Million on Strippers, Casinos

from RT America

Video Description…

Fed’s Fischer: Weaker-Than-Expected Foreign Growth Could Slow Rates

by Ben Leubsdorf
Market Watch

The Federal Reserve could take a slower approach to raising interest rates if weaker-than-expected growth overseas affects the U.S. economy, Fed Vice Chairman Stanley Fischer said.

“The tightening of U.S. policy will begin only when the U.S. expansion has advanced far enough — when we have seen further improvement in the labor market and when we are reasonably confident that the inflation rate will rise to our 2% goal,” Fischer said Tuesday in remarks prepared for delivery in Tel Aviv that were largely similar to an October 2014 speech in Washington.

But, he said, “if foreign growth is weaker than anticipated, the consequences for the U.S. economy could lead the Fed to remove accommodation more slowly than otherwise.”

Continue Reading at MarketWatch.com…