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Prove You're Not A Terrorist





Recently, France decided to crack down on those people who make cash payments and withdrawals and who hold small bank accounts. The reason given was, not surprisingly, to “fight terrorism,” the handy catchall justification for any new restriction governments wish to impose on their citizens. French Finance Minister Michel Sapin stated at the time, “[T]errorism feeds on fraud, money laundering, and petty trafficking." What we are witnessing is the creation of totalitarian control of your finances. The implication that you may have some sort of terrorist involvement is a smokescreen.

 
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New Saudi King Consolidates Power To Maintain Current Oil Policy





Less than four months into his reign, Bloomberg reports that Saudi Arabia’s King Salman is consolidating power with a major reshuffle of succession lines and government officials. "The new king has proved consistent in his determination to elevate members of his close family to key positions," noted one analyst. As the world’s top oil exporter plays a more prominent role in the region’s power struggles, it apears Salman wants family close. Oil policy is unlikely to change, notes Bloomberg's Julian Lee, as this brings younger men into top government positions, paving way for transfer of power to new generation of princes.

 
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The Third And Final Transformation Of Monetary Policy





The law of unintended consequences is becoming ever more prominent in the economic sphere, as the world becomes exponentially more complex with every passing year. Just as a network grows in complexity and value as the number of connections in that network grows, the global economy becomes more complex, interesting, and hard to manage as the number of individuals, businesses, governmental bodies, and other institutions swells, all of them interconnected by contracts and security instruments, as well as by financial and information flows. It is hubris to presume, as current economic thinking does, that the entire economic world can be managed by manipulating one (albeit major) subset of that network without incurring unintended consequences for the other parts of the network.

 
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Texas College Teacher Fails Entire Class After Being Told To "Chill Out"





Texas A&M Professor Irwin Horwitz was fed up with what he perceived to be disrespect and general incompetence on the part of his strategic management class so he did what many a college professor across the country has at one time or another dreamed of doing: he failed everyone.

 
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Three Hurricanes Are Headed Our Way (And There's Nowhere To Hide)





There are three financial hurricanes hurtling towards our country and most people are oblivious to the coming catastrophe. The time to prepare is now, not when the hurricane warnings are issued.

 
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The Greek Modest Proposal To Savers: Please Bring Your Cash Home





"Greece is to allow money held abroad by its taxpayers to be declared without penalty and taxed at a discount rate, a move to help overcome a cash crunch threatening the country with bankruptcy," Reuters reports. This may sound like a good idea in principle, but we’re not entirely sure why this represents a compelling value proposition for those who are storing their euros in the safe confines of Swiss bank accounts.

 
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1,100 Foreign Donors To Clinton Foundation Never Disclosed & Remain Secret





The reason this is a politically explosive revelation is because the Clinton Foundation promised to disclose its donors as a condition of Hillary Clinton becoming secretary of state. Shortly after Barack Obama was elected president in 2008, the Clinton Foundation signed a “memorandum of understanding” with the Obama White House agreeing to reveal its contributors every year.

It hasn’t.

 
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Apple Admits Watch Shortage Due To Defective Supply, Not Demand





Apple fan-boys have proclaimed the Apple Watch a screaming success as Tim Cook explained he was "generally happy" with the launch. The big driver of the impression of awesomeness was how hard it was to get one... i.e. so much demand that supply copuld not keep up. However, as The Wall Street Journal reports, it was not demand, it was instead defects that forced the company to limit supply.

 
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Meanwhile, In Baltimore





The Baltimore riots may have calmed down but their aftermath remains, and nowhere is it more tangible than what is taking place in Orioles Park right now.

 
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Fed Fails To Spark Buying Frenzy; Stocks, Bonds, Dollar Drop





 
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Apple Warns Of "Material Financial Damage" If Its $171 Billion In Offshore Cash Is Jeopardized





Why have Apple shares languished in the wake of Monday's top and bottom line beat? We may now have the answer...

 
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The Real Financial Crisis That Is Looming





There is a financial crisis on the horizon. It is a crisis that all the Central Bank interventions in the world cannot cure. It is a financial crisis that will continue to change the economic landscape of America for decades to come. No, we are not talking about the next Lehman event or the next financial market meltdown. Although something akin to both will happen in the not-so-distant future. It is the lack of financial stability of the current, and next, generation that will shape the American landscape in the future.

 
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Artist's Rendering Of What Really Burned Down In Baltimore





Sad... but true...

 
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When Exactly Will The Fed Launch QE4?





No one earned it. No one saved it. But here’s our prediction: Someone will miss it when it is gone! If the US money supply were a deck of cards, Uncle Sam has been slipping in extra aces for the last 44 years. In the third quarter, net liquidity is likely to turn negative. And the stock market is likely to correct. What then? The Fed will panic and announce QE4… and other measures.

 
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Bonds, Stocks Shrug As Hawkish Fed Sparks Dollar Surge, Commodity Purge





Bonds & stocks seem confused by the somewhat hawkish Fed statement with modest gains for both amid a lot of oscilation around unchanged. The Dollar, however, is quite sure and is surging (EURUSD -100pips) with crude and precious metals sliding.

 
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