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Nullification and "A Few Good Men"

Nullification and "A Few Good Men" | Breaking News from S.E.R.C.E | Scoop.it
I’ve been writing about nullification for years. Nullification, in short, is the principle that any law passed without proper authority is not a valid law and is not enforceable on the people. In the US, the Constitution carefully defines the authority the federal government and acknowledges that whatever powers were not delegated expressly to the government are reserved by the states. Article VI, Section 2 (the Supremacy Clause) states that the Constitution and all laws passed in pursuance to it are supreme law.  The reverse is therefore implied and true – that all laws NOT passed in pursuance to powers delegated by the Constitution are not supreme. The states therefore have no obligation to recognize or enforce them.
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Breaking News from S.E.R.C.E
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What is the Value and Purpose of Sharing?

What is the Value and Purpose of Sharing? | Breaking News from S.E.R.C.E | Scoop.it
In the history of humankind, with the possible exception of the Gutenberg Press, there has not been a more disruptive advance in…
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The Case for Gold in One Chart

The Case for Gold in One Chart | Breaking News from S.E.R.C.E | Scoop.it
The purpose of this paper is not to make the case for investing in precious metals (plenty has already been written on this topic), but rather to lay out the options available to the investors who has made up his mind to do so.


Before going into any great detail, let's pause for a moment to take a helicopter view of our financial system in order to better understand gold's position in it. Most people are well aware that gold is a scarce resource but are usually not aware of the sheer volume of other financial products which currently exist. The following chart provides an overview of our financial system and lays the case for gold quite succinctly.

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Stock Shock Surge – Is It Real?

Stock Shock Surge – Is It Real? | Breaking News from S.E.R.C.E | Scoop.it
US stocks leap after Fed signals patience on rates ... U.S. stocks surged on Thursday, extending Wall Street's best day of the year, after the Federal Reserve said it would be patient in increasing interest rates. Equities came off session highs, however, as oil turned lower. – CNBC
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Napoleon vs. Cheney:

Napoleon vs. Cheney: | Breaking News from S.E.R.C.E | Scoop.it
Not only is torture against international law, it also produces no useful intelligence. Common sense is enough to prove that statement.
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Gold: There is No Santa Clause

Gold: There is No Santa Clause | Breaking News from S.E.R.C.E | Scoop.it
Capital markets are supposed to be free of manipulation yet there is little wonder that investors question the integrity of the global banking sector when its participants were so openly greedy, protecting their own interests ...
Joe Russo's insight:

 

I thoroughly enjoyed this article up until the “recommendations” and pitch for individual gold mining stocks. Not that there is anything inherently wrong with providing recommendations or touting the details and uniqueness of different companies – it’s just that the first portion of the article was so well written in my view, that the last portion simply left me high and dry for a suitable summary conclusion for which “Neither a Lender” would have worked just fine.

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Fed Delivers the Message that Our Economy is Dead

Fed Delivers the Message that Our Economy is Dead | Breaking News from S.E.R.C.E | Scoop.it
I used to get a kick out of the cute little children waiting for the Fed Chair to come and deliver presents or coal.  So giddy and excited from the anticipation of not knowing who Janet thinks were...
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Will the World End in Fire or Ice?

Will the World End in Fire or Ice? | Breaking News from S.E.R.C.E | Scoop.it
Think of inflation as fire and deflation as ice. How will this latest asset reflation end? Will it subside into ice – a tremendous monetary and price deflation? Or will the current asset expansion continue into a catastrophe of fire?
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IMF Now Ready To Slam The Door On The U.S. And The Dollar

IMF Now Ready To Slam The Door On The U.S. And The Dollar | Breaking News from S.E.R.C.E | Scoop.it
The Financial Times reported on the IMF shift away from the U.S. by asserting the authority to remove the veto power America has always enjoyed over the institution. This action is a stark reminder to mainstream talking heads and to those who believe the U.S. is the core economic danger to the world that the IMF is NOT an extension of American policy. If anything, the IMF and the U.S. are extensions of international banking power, just as the BRICS are nothing more than puppets for the same self-serving financial oligarchy clamoring for the same IMF-controlled paradigm, as Vladimir Putin openly admitted:
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Why Early Collection Of Social Security Benefits Can Be The Best Choice

Why Early Collection Of Social Security Benefits Can Be The Best Choice | Breaking News from S.E.R.C.E | Scoop.it

One of the most important financial questions someone of retirement age in the United States faces is when to start collecting their Social Security payments ─ and this crucial decision deserves the best possible information to work from. 

 

Recently, there has been quite a bit of publicity about studies showing that for a retiree who lives to an average age, there is a six figure advantage to waiting until age 70 to begin the collection of Social Security payments. That is an amazing advantage ─ but does it hold up under close scrutiny?

 

As we will explore herein, once we "raise our game" a bit, and use a more sophisticated type of financial analysis than some of the very simple Social Security decision aids in wide circulation ─ the results can turn upside down.  That is, for many millions of people, the financial case for early collection of benefits is much stronger than is commonly recognized.

Joe Russo's insight:

This is a MUST READ for anyone nearing the legal retirement age of 62...

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The SDR Purpose of BRICS

The SDR Purpose of BRICS | Breaking News from S.E.R.C.E | Scoop.it
Whether any analysts or colorful commenters disagree, the system is shifting towards the multilateral framework that has been developed over the last 5 years, and the implementation is now unfolding as expected. The USD framework is being abandoned as the necessary component of the “reaction stage”, in order for the “solution stage” to manifest as the logical evolution of the financial framework.
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This Is What Gold Does In a Currency Crisis

This Is What Gold Does In a Currency Crisis | Breaking News from S.E.R.C.E | Scoop.it
To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn't an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about the local currency than about gold.
But when currencies collapse, gold shines.
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Inflation ... Deflation ... When a Central Bank Produces It, It's Wrong!

Inflation ... Deflation ... When a Central Bank Produces It, It's Wrong! | Breaking News from S.E.R.C.E | Scoop.it
We'll take the side of the argument that is NOT represented – which is that money ought to be privatized and that central banks ought to lose their monopoly money printing privileges.

Conclusion
When we begin to see that argument made in the mainstream press, we'll call it what it is ... Progress.
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The Global Dollar Short---Its A $9 Trillion Time Bomb

The Global Dollar Short---Its A $9 Trillion Time Bomb | Breaking News from S.E.R.C.E | Scoop.it
When it comes to Oil, OPEC matters, as does Oil Shale, production cuts, geopolitical risk, etc. However, the reality is that all of these are minor issues against the MAIN STORY: the $9 TRILLION US...
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Market Manipulation is the New Trend

Market Manipulation is the New Trend | Breaking News from S.E.R.C.E | Scoop.it
Editor’s Note: Fantastic piece. Keep in mind that as another weekend rolls around, the rumors of bank runs, etc are rampant regarding Russia. Fridays are dangerous folks….

A dangerous new trend is the successful manipulation of the financial markets by the Federal Reserve, other central banks, private banks, and the US Treasury. The Federal Reserve reduced real interest rates on US government debt obligations first to zero and then pushed real interest rates into negative territory. Today the government charges you for the privilege of purchasing its bonds.
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Collapse of 2008 Was Really a Coup D'Etat

Collapse of 2008 Was Really a Coup D'Etat | Breaking News from S.E.R.C.E | Scoop.it
As some of the disclosures required by the financial reform bill are made, everyday Americans are starting to figure out what many zealous economy and market watchers have known since 2008: The Fed’s rescue programs weren’t just aimed at domestic banks with Manhattan headquarters. The aid stretched far into the reaches of everyday America, with the recipients of approximately $885 billion in loans still not disclosed.

For those who had not already arrived at this conclusion, it should now be crystal clear: the collapse of 2008 was a mini financial coup d’ etat. The very institutions and individuals charged with the oversight of our financial system were the same people who were helping to blow up asset bubbles and perpetuating cheap, easy credit. I think that it is very important to understand that these folks have been systematically doing the exact same thing to our willing government in the form of debt monetization. In the 1990’s and forward, they sucked in a willing consumer with massive expansion of available credit and sleazy marketing campaigns aimed at convincing people that it was really ok to owe $15,000 on a credit card at 19.9% interest.
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"It's A Huge Crisis" - The UK Oil Industry Is "Close To Collapse"

"It's A Huge Crisis" - The UK Oil Industry Is "Close To Collapse" | Breaking News from S.E.R.C.E | Scoop.it
It seems like only yesterday when back on October 11, we first explained - and previewed - the collapse of oil courtesy of the secret deal between the US and Saudi Arabia. However, it seems like only this morning when we subsequently wrote that "If The Oil Plunge Continues, "Now May Be A Time To Panic" For US Shale Companies." In retrospect, it was, and with the price of crude far below mid-October levels, the pain for both Russia and shale is now quite unbearable (even as Saudi Arabia explained earlier today that the reason for collapsing oil has nothing to do with supply and everything to do with plunging demand, and after seeing this chart we believe it).
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The Cromnibus Abomination with Special Guest David Stockman

The Cromnibus Abomination with Special Guest David Stockman | Breaking News from S.E.R.C.E | Scoop.it
David Stockman is the ultimate Washington insider turned iconoclast. He began his career in Washington as a young man and quickly rose through the ranks of the Republican Party to become the Director of the Office of Management and Budget under President Ronald Reagan. After leaving the White House, Stockman had a 20-year career on Wall Street.
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Has Santa Found His Way Back To Wall Street?

Has Santa Found His Way Back To Wall Street? | Breaking News from S.E.R.C.E | Scoop.it
Just a few short days ago, it appeared that bearish forces were destined to deny Wall Street its customary “Santa Claus Rally.” Enter the Yellen Fed and the FOMC meeting on Wednesday, and suddenly, like magic, Santa and his proverbial rally appears to have found its way back on course to treat Wall Street with a healthy dose of Christmas Cheer.
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Banks Can Now Confiscate Your Bank Deposits - The FDIC Does Not Have Enough Money to Cover Your Money!

Banks Can Now Confiscate Your Bank Deposits - The FDIC Does Not Have Enough Money to Cover Your Money! | Breaking News from S.E.R.C.E | Scoop.it
On the weekend of November 16th, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again.

It was all so fast, they may not have known what they were endorsing when they rubber-stamped the Financial Stability Board’s “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” which completely changes the rules of banking," reports Ellen Brown, Public Banking Institute founder, and author.
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Economist: Don't Worry About the New Tech Bubble!

Economist: Don't Worry About the New Tech Bubble! | Breaking News from S.E.R.C.E | Scoop.it
This article strokes a particular meme having to do with stock market normalcy and the continuance of a certain kind of investor behavior. But we have suggested a different approach having to do with being a high-information investor who doesn't take anything for granted.
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China Prepares To Bailout Russia

China Prepares To Bailout Russia | Breaking News from S.E.R.C.E | Scoop.it
Earlier this evening China's State Administration of Foreign Exchange's (SAFE) Wang Yungui noted "the impact of the Russian Ruble depreciation was unclear yet, and, as Bloomberg reported, "SAFE is closely watching Ruble's depreciation and encouraging companies to hedge Ruble risks." His comments also echoed the ongoing FX reform agenda aimed at increasing Yuan flexibility which The South China Morning Post then hinted in a story entitled "Russia may seek China help to deal with crisis," which which noted that Russia could fall back on its 150 billion yuan ($24 billion) currency swap agreement with China if the ruble continues to plunge, that was signed in October. Furthermore, two bankers close to the PBOC reportedly said the swap-line was meant to reduce the role of the US dollar if China and Russia need to help each other overcome a liquidity squeeze. Is 'isolated' Russia about to be bailed out by the world's largest economy China?
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Paul Krugman Buys into the Big Lie About the 2008 Financial Collapse

Paul Krugman Buys into the Big Lie About the 2008 Financial Collapse | Breaking News from S.E.R.C.E | Scoop.it
Wall Street On Parade holds great respect for Paul Krugman as an economist. We link regularly to his columns under our “Publisher’s Must Reads”. But every time Krugman posits on Dodd-Frank financial reform or the crash of 2008 he blunders into the quagmire created by financial reporter Andrew Ross Sorkin’s misinformation campaign in the pages of the New York Times.
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Bloomberg Foresees Russia's Demise?

Bloomberg Foresees Russia's Demise? | Breaking News from S.E.R.C.E | Scoop.it
Bloomberg was in full cry last night regarding a failing Russian economy. Weve never seen anything like it on Bloomberg: The front page of the website carried a box on the top left hand corner filled with blaring stories. It is this latter editorial that we are focused on in this analysis (View: Russias Problems Are Everyones Problems). And this is surely a meme, a sub-dominant social theme of sorts. It has exploded in the past six months. It is difficult to avoid the conclusion that Vladimir
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Meet Your Newest Legislator: Citigroup

Meet Your Newest Legislator: Citigroup | Breaking News from S.E.R.C.E | Scoop.it
Citigroup is the Wall Street mega bank that forced the repeal of the Glass-Steagall Act in 1999; blew itself up as a result of the repeal in 2008; was propped back up with the largest taxpayer bailout in the history of the world even though it was insolvent and didn’t qualify for a bailout; has now written its own legislation to de-regulate itself; got the President of the United States to lobby for its passage; and received an up vote from both houses of Congress in less than a week.
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The Russian Ruble Is Hereby Halted Until Further Notice

The Russian Ruble Is Hereby Halted Until Further Notice | Breaking News from S.E.R.C.E | Scoop.it
Dear Client, Please be advised that that most Western Banks have stopped pricing USD/RUB. As such, FXCM can no longer offer this instrument to our clients and will begin closing any existing client trades in USD/RUB effective at Noon EST today, December 16th, 2014,
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Tumbling Crude: Profiting on the Downside

Tumbling Crude: Profiting on the Downside | Breaking News from S.E.R.C.E | Scoop.it

 

Finally, we suspect you may be wondering just how well the Pilot fared with short-term accounts in recent weeks?


How about:


Over 10K in open profit per Contract in less than a Month

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