• Sprott Money
    05/05/2016 - 06:02
    Why is a Deutsche Bank mouthpiece suggesting “negative retail deposit rates or perhaps wealth taxes”? The answer is to (supposedly) stimulate our economies.

Obama Administration

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Weather Channel Founder Slams Global Warming: "The Theory Has Failed"





"As a skeptic of man-made global warming, I love our environment as much as anyone. I share the deepest commitment to protecting our planet for our children and grandchildren. However, I desperately want to get politics out of the climate debate. The Paris climate agreement is all about empowering the U.N. and has nothing to do with the climate."

 
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Why Has An "Apolitical" Fed Governor Donated To Hillary Four Times?





It is one thing to note the obvious, it is different to have proof that Fed members have a clear ideological bias. Thanks to recent Fed appointee Lael Brainard, we have just that. The recent Treasury staffer and close friend of the Clintons fourth donation since November brings her total contributions to Hillary Clinton during this election campaign to $2,700, the limit for individual candidate donations in the cycle. Do not worry though, as Fed Chair Janet Yellen said in March that legal donations from central bank employees don’t undermine the Fed’s standing as a non-partisan agency.

 
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London Mayor Slams "Part-Kenyan" Obama's "Hypocritical" Brexit Diatribe





If Obama was seeking to infuriate even more people, or to push the odds of Brexit even higher with the Op-Ed he posted yesterday ahead of his London visit, he may have succeeded. Responding to President Obama's "Just Say No" to Brexit Op-Ed, the Mayor of London - Tory big-hitter Boris Johnson - bites back at the "part-Kenyan's ancestral dislike of the British Empire", exclaiming that America would never surrender so much power to Brussels -"It is incoherent. It is inconsistent, and yes it is downright hypocritical." Conjuring Churchillian patriotism, the controversial comments from the outspoken Brit conclude, the benefits of Brexit mean "we can thrive as never before – and therefore be even better and more valuable allies of the United States."

 
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The Saudi 9/11 Blackmail Explained: The K-Street Lobby Racketeers Have It Covered





U.S. officials have warned of “diplomatic and economic fallout from the [looming 9/11] legislation.” So what sort of economic fallout do they envision? Part of the concern is no doubt related to the impact on global financial markets from a Saudi fire sale, but there’s a potentially even bigger concern at play. Specifically, Saudi Arabia pays Washington insiders an exorbitant amount of money to put the monarchy’s interests ahead of what’s best for the American people.

 
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Saudi Arabia Admits To John Kerry That It Created ISIS... But There Is A Twist





"After the Iraqi city of Mosul fell to a lightning Isis offensive in 2014, even the late Prince Saud al-Faisal, the respected Saudi foreign minister, remonstrated with John Kerry, US secretary of state, that “Daesh [Isis] is our [Sunni] response to your support for the Da’wa” — the Tehran-aligned Shia Islamist ruling party of Iraq."

 
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Hamilton’s Good for the Ten-Spot





Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twtter @Steve_Hanke.

Alexander Hamilton has always been a political lightning rod. In consequence, his legacy has been subjected to multiple smear campaigns. One began when Franklin Delano Roosevelt lambasted Hamilton in a speech delivered at the Commonwealth Club in 1932. Since then, the anti-capitalist crowd has used Hamilton as a whipping boy. 

 
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Obama Arrives In Saudi Arabia To "Reassure" His Close Ally That Nothing Has Changed





While Congress is scrambling to sweep the recently introduced Bipartisan bill that would allow US families to sue Saudi Arabia for Sept 11, Barack Obama has just landed in Saudi Arabia to reassure his close ally that all is under control.

 
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Obama Succumbs To Saudi Pressure, Will Veto Sept 11 Lawsuit Bill





Following strong Saudi pressure to scuttle the Sept 11 Bipartisan Bill, the president made it clear on what side he stands when the White House threatened to veto the bipartisan bill to let families victimized by the 9/11 terrorist attacks sue Saudi Arabia while a GOP senator privately sought to block the measure. The White House and State Department are bluntly warning lawmakers not to proceed with the legislation due to "fears" it could have dramatic ramifications for the United States and citizens living abroad to retaliatory lawsuits.

 
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Obama Responds To Saudi Threat To Dump Treasuries If Its Role In Sept 11 Is Probed





Any concerns about whether the US president represents not only the interests of the Sept 11 victims and their families, but all all American people, and is intent on discovering who the real culprit behind the deadliest terrorist attack on US soil, as opposed to the interests of few Saudi billionaires and would much rather have the truth never be revealed, were just answered.

 
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Obama Administration Makes Stunning Admission: "Seed Money For Al Qaeda Came From Saudi Arabia"





Moments ago a member of the Obama administration made a stunning admission, when for the first time ever, Deputy National Security Adviser For Strategic Communications Ben Rhodes, admitted revealed on the record that the Saudis were the original source of funding for Al Qaeda: "A lot of the money, the seed money if you will, for what became Al Qaeda, came out of Saudi Arabia."

 
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A Morally Sound Tax Reform Proposal





Democracy does not trump human nature. State dependents will vote for those they perceive will continue their subsidies. Instead of lobbying for the redress of phony grievances against Politically Correct victims and groups, social justice warriors should direct their energies to the long suffering U.S. taxpayers and demand that those who live off them should have no say in either how much taxpayers are to pay or how their confiscated wealth is to be dispersed.

 
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The Elephant's Not Even In The Room Yet





The elephant outside the room is named Discontinuity. That’s perhaps an intimidating word, but it is exactly what the USA is in for. It means that a lot of familiar things come to an end, stop, don’t work the way they are supposed to - beginning, manifestly, with the election process now underway in all its unprecedented bizarreness. One reason it’s difficult to comprehend discontinuity is because so many operations and institutions of daily life in America have insidiously become rackets, meaning that they are kept going only by dishonest means. If we didn’t lie to ourselves about them, they couldn’t continue.

 
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The Real Test Of The Petro Dollar System





Currently the US Dollar, traded on the stock market as (UUP), and (USDU); is the world's reserve currency.

 
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Multiple Clinton Connections Emerge As More "Panama Papers" Names Revealed





Hillary Clinton recently blasted the hidden financial dealings exposed in the Panama Papers, but she and her husband have multiple connections with people who have used the besieged law firm Mossack Fonseca to establish offshore entities.

 
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