• GoldCore
    05/25/2015 - 09:19
    China launches international gold fund with over 60 countries as members. The large fund, which expects to raise 100 billion yuan or $16 billion, will develop gold mining projects across the economic...

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Broke Kansas To Tax Poor People By Placing $25 Limit On ATM Withdrawals

Kansas, which is laboring under an $800 million funding gap, will limit cash withdrawals on state-issued benefit cards to $25 per day starting on July 1, forcing some beneficiaries to go to the ATM more often. Because the state charges $1 per trip, and because many low-income families do not have a checking account, the new law amounts to a sizeable 'poor tax'. 



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Former Fed Governor Says Fed Lost Credibility To "Stay On Top Of Ticking Monetary Bomb"

"The Fed has dragged out the normalization of interest rates way beyond what is prudent... At some point... the market is going to say ‘on my god, we’re so far behind the curve’ and force an adjustment that is going to be wrenching... when this “wrenching” adjustment kicks in, it would turn into a market disruption at a level “seven or eight” on a scale of 10, with 10 being the worst."



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"Above The Law" Fed Subpoena'd By Hensarling Over 2012 Leak "To The Priveleged Few"

“It is unacceptable, illegal and corrupt for anyone at the Fed to deliver inside information that could provide a financial advantage to the privileged few and lead to the manipulation of financial markets: Hensarling



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Hewlett Packard Just Reported Its Worst Revenue Since 2007: This Is How It "Beat"

How is it that the company's GAAP EPS declined by a whopping 17%, from $0.66 to $0.55, and yet its non-GAAP EPS dropped by a tiny 1% from 0.88% to 0.87%? This is how...



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It's A Bull Market In Confusion

Investors are the most 'neutral' and confused in 26 years with bullish sentiment and bearish sentiment hovering at multi-decade lows...



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With ISIS Controlling "More Than Half Of Syria", The US Prepares To Pounce

Gun to our head, this is what happens next: several false flag YouTube clips once again emerge just around the time Obama announces it is time to send a tactical, contained group of troops in Syria to retake the cultural "heritage that" is Palmyra, at which point the war against ISIS morphs into what it has been from day one: the western attempt to crush and topple the Assad government, and to hand over control of Syria to Turkey and Iraq, just so the US, Saudi Arabia and Qatar can control what happens behind the scenes, by which we mean finally allow that long overdue gas pipeline to traverse the nation. We expect this scenario to start unfolding within the month.



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Artist's Rendering Of Obama's Iraq Strategy

Presented with no comment whatsoever...



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When The Current Housing Bubble Finally Bursts

This psychology of mass delusion now dominates housing, stocks and bonds: not only is this not a bubble, the expansion will continue forever. History, however, suggests otherwise: all bubbles burst, period.



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Are You Guilty Of Crimes Against Young Americans?

This is the first generation of young Americans that our government systemically disfavors and the first generation whose prospects are lower than those of their parents. Their parents and grandparents have put them in the hole.

Robbed? Cheated? Scammed? Flimflammed? Rolled? Take your pick.



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118 Handguns, 1 AK-47, 157 Knives, Body Armor Recovered From Biker Shootout Scene

"The weapons appear to have been discarded as Officers arrived and some hastily hidden. The have been found in sacks of chips, stuffed between bags of flour, stuffed into the bench seating, hidden in shelves, thrown into trash cans, placed in the kitchen stoves, discarded on floors and even so far as to attempt to flush a handgun down a commode."



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Chinese 'Virus' Spreads To Germany: Meet The Company That Went From Record High To Zero In 1 Week

It appears the frauds, falsehoods, and f##king fallacies are all being exposed at the same time. While we have noted three companies that have collapsed in the last week - destroying their billionaire owners' wealth in the process - it appears the Chinese capital destruction virus has spread to Germany. Joyou AG - a Chinese affiliate of German bathroom manufacturer Grohe - has collapsed from record highs a week ago to 0, pending bankruptcy, after admitting balance sheet manipulation.



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Housing Recovery - Real Or Memorex

The rising risk to the housing recovery story lies in the Fed's ability to continue to keep interest rates suppressed. It is important to remember that individuals "buy payments" rather than houses. With each tick higher in mortgage rates so goes the monthly mortgage payment. With wages remaining suppressed, 1 out of 3 Americans no longer counted as part of the work force or drawing on a Federal subsidy, the pool of potential buyers remains tightly constrained. While there are many hopes pinned on the housing recovery as a "driver" of economic growth in 2015 and beyond - the lack of recovery in the home ownership data suggests otherwise.



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Shake Shock: Spot The Fast Food Outlier

One quick look at Shake Shack's "fundamentals", irrelevant as they may be in this market, put the company's valuation per restaurant in perspective not only to such established fast food names as McDonalds, but other recent "hot" restaurant debuts.



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