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Establishment Left and Right Agree on Nullification

Establishment Left and Right Agree on Nullification | Breaking News from S.E.R.C.E | Scoop.it
Want to know why nullification is the right path - one that will succeed - for liberty? It’s simple, really. Virtually the entire establishment, from left to right, absolutely hates nullification...
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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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In "Paranormal" Europe, Banks Will Pay You To Borrow, And Charge You To Save

In "Paranormal" Europe, Banks Will Pay You To Borrow, And Charge You To Save | Breaking News from S.E.R.C.E | Scoop.it
This is what Europe has become: savers - those who diligently put away the fruits of their labor - are now forced to pay, using banks as an intermediary, and subsidize the the debtor: spenders, who live beyond their means, and who in increasingly more frequent situations are now paid to take out even more debt! Call it monetary socialism, or just call it what it is: the New Paranormal.
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How Our Crazy Money System Works

How Our Crazy Money System Works | Breaking News from S.E.R.C.E | Scoop.it
Yes, we were in London, taking care of business. Now, we’re back in Buenos Aires. We’ve tried medication. We’ve tried prayer. We’ve tried heavy drinking – all in an effort to understand how our crazy money system works. And where it leads.

You’d think it would be easy. It’s just Central Banking 101, no? Well, no. It is squirrelly… and diabolically subtle. We doubt anyone understands it – especially those who are supposed to control it.

The basic unit for the system is a kind of money the world has never had before: the post-1971 fiat dollar. It’s paper money – worth as much as people think it is worth … and managed by people who think it should be worth less as time goes by.
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Economic Ground Zero for Canada

Economic Ground Zero for Canada | Breaking News from S.E.R.C.E | Scoop.it
After the collapse of oil prices and home valuations in 1986 the oil sands mining town of Fort McMurray became a semi-desolate place of reduced expectations. One of the two mining operations went on strike and I remember the workers picketing on the highway near the site access.
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Gold: The Good, Bad, and Truly Ugly

Gold: The Good, Bad, and Truly Ugly | Breaking News from S.E.R.C.E | Scoop.it
Although it may be unrealistically optimistic, I believe my paraphrase of a Churchill quote:   “Central Bankers will eventually do the right thing and return to a gold standard after they have exhausted all other alternatives.”
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Global Debt Has Grown $57 TRILLION Since 2007

Global Debt Has Grown $57 TRILLION Since 2007 | Breaking News from S.E.R.C.E | Scoop.it
Now that the Greece default crisis is on temporary hold (they will be back again), it is time to turn our focus to the GLOBAL debt market. Since the subprime mortgage crisis and Lehman failure...
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"Someone Has A Problem"

"Someone Has A Problem" | Breaking News from S.E.R.C.E | Scoop.it
When you owe someone $340, it is YOUR problem.When you owe someone $340 BILLION, it is THEIR problem.
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How Germany Is Blowing Up The European Union

How Germany Is Blowing Up The European Union | Breaking News from S.E.R.C.E | Scoop.it
As Germany is set to reject a Greek loan extension request (and no, international press, that is not the same as an extension of the bailout program), Steve Keen uses proprietary numbers issued by the OECD – which is supposed to be on Germany’s side?! – to show how dramatically austerity has failed in Europe- that is, if the recovery of the Greek and Spanish economies was ever the real target. It certainly failed the populations of the countries.
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The Elegant Simplicity Of The Greek Conundrum

The Elegant Simplicity Of The Greek Conundrum | Breaking News from S.E.R.C.E | Scoop.it
It’s really not that hard. It’s even elegantly simple. But that still requires you’re willing to listen, willing to think, and you don’t go into talks with your mind already made up. Obviously, that is too much to ask from the Eurogroup side of the negotiations with Greece. They haven’t been able to move one inch from their ‘Do as we say or else’ bluster.
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Are You Ready For Total Currency War?

Are You Ready For Total Currency War? | Breaking News from S.E.R.C.E | Scoop.it
On February 18, 1943, German Propaganda Minister Joseph Goebbels delivered a rousing speech at the Berlin Sportpalast, asking the German people, "Sind Sie bereit für totalen Krieg?" or "Are you ready for total War?" Germany had planned for Blitzkrieg and a short war and was unprepared for a world war as the combined military forces of the United States, England and the Soviet Union crushed the Reich relentlessly and systematically. Although the people and economy rallied in defense of Germany, total war only prolonged the horrors of war and delayed their inevitable defeat.
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Yanis Varoufakis: The Straw That Breaks the Ponzi’s Back?

Yanis Varoufakis: The Straw That Breaks the Ponzi’s Back? | Breaking News from S.E.R.C.E | Scoop.it

What do you do when your opponent won’t play by the rules? Worse, what do you do when your loan ‘partner’ (aka ‘debtor’) declares Calvinball, where the only rule is there are no rules, and proceeds to go off the deep end? The result, to...

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Interconnected Banks Pose Greatest Threat to U.S. Financial System

Interconnected Banks Pose Greatest Threat to U.S. Financial System | Breaking News from S.E.R.C.E | Scoop.it
Last Thursday, the Office of Financial Research (OFR), part of the Federal boondoggle created under the Dodd-Frank financial reform legislation in 2010 to foster the illusion that the government was reining in risk on Wall Street, released a new study showing almost unfathomable levels of systemic and interconnected risk among the too-big-to-fail banks that cratered the U.S. financial system in 2008 and has left our economy still struggling to right itself.
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Confessions of an Erratic Marxist

Confessions of an Erratic Marxist | Breaking News from S.E.R.C.E | Scoop.it
Yanis is a complicated and clever Marxist. He deeply agrees with Piketty's radical egalitarianism, or activist opposition to the perceived inequality between the haves and the have-nots as delineated by Marx, but he doesn't like the idea of an authoritarian state taking care of the redistribution of wealth, which is why he sometimes identifies himself as a libertarian Marxist. He also thinks that the standard leftist or "social democrats'" approach to the problem of "capitalism", which he sees typified in Piketty's book, is at best flawed and weak and at worst dangerous.
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Here Is The Reason Why Stocks Just Had Their Best Month Since October 201

Here Is The Reason Why Stocks Just Had Their Best Month Since October 201 | Breaking News from S.E.R.C.E | Scoop.it
If not the economy or fundamentals, and if not the Fed, which as we know is still on sabbatical after its massive QE1-2-Twist-3 $3 trillion liquidity injection, just what has pushed stocks up to jawdropping all time highs? Here, courtesy of Deutsche Bank, is the answer...
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The Net Neutrality Scam

The Net Neutrality Scam | Breaking News from S.E.R.C.E | Scoop.it
Yet again, the government wants to fix a problem that doesn’t exist. According to the Obama administration and the FCC, it is necessary to regulate internet service providers so that they don’t interfere with people’s access to the web. The claim immediately prompts one to ask: Who is being denied access to the web?
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Bank of England Bitcoin Revolution – Who Benefits?

Bank of England Bitcoin Revolution – Who Benefits? | Breaking News from S.E.R.C.E | Scoop.it
Bitcoin revolution could be the next internet, says Bank of England ... The Bank of England has unveiled analysis of cryptocurrencies like Bitcoin that suggests electronic money could cause a tectonic shift in the payments industry. – UK Telegraph
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The Greek Betrayal and Pan-European Solidarity

The Greek Betrayal and Pan-European Solidarity | Breaking News from S.E.R.C.E | Scoop.it

It has now become common knowledge that the promises made by the new Greek Syriza government have been broken. The voting population of Greece were fed a steady stream of propaganda o...

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Greece’s fate: In Angela Merkel’s hands?

Greece’s fate: In Angela Merkel’s hands? | Breaking News from S.E.R.C.E | Scoop.it
Economist James Galbraith recently spent a week with Greek finance minister Yanis Varoufakis. He shares with Fortune what he learned while looking at the nation’s fiscal crisis from the inside.
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There’s No Political Freedom Without Economic Freedom

There’s No Political Freedom Without Economic Freedom | Breaking News from S.E.R.C.E | Scoop.it
Can we have political liberty without first having economic freedom? Is the form of government predetermined by the form of economic organization? At first blush the opposite would seem to be self-evident, i.e., that our form of government determines all else, including our economic structure.
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Greece Gives Europe A Counter-Ultimatum: Accept Or Reject Our Offer

Greece Gives Europe A Counter-Ultimatum: Accept Or Reject Our Offer | Breaking News from S.E.R.C.E | Scoop.it
UPDATE: *GREEK GOVT WON'T ACCEPT ULTIMATUMS, WON'T GIVE ANY: OFFICIAL After days of repeated ultimata from The Eurogroup, as Germany (bad cop) and the rest (good cop) make optimistic sounds, this morning's rejection of Greece's latest plan (following Greek comparisons of Germany to Nazi surrender demands) has prompted something new: *EU HAS 2 CHOICES, APPROVE OR REJECT GREEK REQUEST; EUROGROUP MEETING TO SHOW WHO WANTS A SOLUTION: GREEK OFFICIAL Markets are stumbling on this news as Germany and the rest come to terms with not just the billions in debt on ECB and various bank balance sheets but the 49 billion other reasons to avoid Grexit that have mounted in TARGET2 liabilities.
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Central Bankers' Worst Nightmares Are Unfolding in Greece

Central Bankers' Worst Nightmares Are Unfolding in Greece | Breaking News from S.E.R.C.E | Scoop.it
The dark truth about the Greek debt negotiations that Central Banks have been trying to hide.
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Inaccuracy or Misconduct?

Inaccuracy or Misconduct? | Breaking News from S.E.R.C.E | Scoop.it
With new figures on Japan’s GDP released, it is becoming increasingly clear the disparity between what is supposed to happen and what has actually taken place. The main operative theory by which everything has been supported takes “aggregate demand” literally; in that all demand is essentially a perfect substitute for itself. In other words, monetary theory posits that demand of any type is the same as demand that might take place organically, thus “creating” demand through any means is preferable to allowing markets their creative destruction.
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Development Goals of the New World Order

Development Goals of the New World Order | Breaking News from S.E.R.C.E | Scoop.it

(Or the Rise of the Supra-Multilateral Development Bank) For lack of a better term, the European banking structure is about to be gutted and the direct management of the system will b...

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Modern Economics: Austerity

Modern Economics: Austerity | Breaking News from S.E.R.C.E | Scoop.it
"In Greek mythology Sisyphus (Greek: Σίσυφος) was the king of Ephyra. He was punished by the gods for his chronic deceitfulness by being compelled to roll an immense boulder up a steep hill, only to watch it roll back down, over and over again." 
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The Global Minotaur – a global finance metaphor by the new Greek Finance Minister, Yanis Varoufakis

The Global Minotaur – a global finance metaphor by the new Greek Finance Minister, Yanis Varoufakis | Breaking News from S.E.R.C.E | Scoop.it
Yanis Varoufakis, the new Finance Minister of Greece, has a very interesting view of how the current global economic problems developed and why they continue to get worse instead of better.
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Yanis!

Yanis! | Breaking News from S.E.R.C.E | Scoop.it
I must admit that, although he's a Debtor and I'm a Saver and we are polar opposites politically, for some reason I like this guy! I may have to get hooked on watching him speak just to try and figure out how he's going to get Greece to force Europe to push that damn Freegold button! ;D
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