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The Nail In The Petrodollar Coffin: Gazprom Begins Accepting Payment For Oil In Ruble, Yuan
Tyler Durden, zerohedge.com

Several months ago, when Russia announced the much anticipated “Holy Grail” energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar’s stranglehold on the rest of the world, neither Russia …

Gazprom Begins Accepting Payments In Yuan #china #russia #forex #trading #pips #unique4x #economy

This is the real picture of the U.S. Budget Deficit, led by Obama and Democrat policies.  The talking heads on tv will have you believe the budget deficit has come down from $1.4 Trillion in 2009 to about $492 Billion in 2014 but they are not telling you the entire story.

Has it come down?  Of course, yes, numbers do not lie.  But Obama and the democrats claim they have cut spending by 4% points, from 25% to 21% of GDP over the past 4 years.  This may very well be true but do the math.  The U.S. has a GDP of $17 Trillion, 1% of $17 Trillion is $170 Billion.  So $170 Billion each year for 4 years equals $680 Billion.  They will also claim that there payroll tax increase has brought in more tax revenue, of course it has but not to the tune of $220 Billion, NOT EVEN CLOSE.

So where has the reduction come from?  Well certainly cutting spending has helped, let’s give credit where credit is due.  But remember in 2009 we were still wrestling with the height of the financial crisis, bailing out the banks in many different ways.  Those bailouts, those loans have been repaid, reversing the enormous outlay of capital in 2008, 2009, & 2010.

Now let’s not say, well the financial crisis was the republican’s and Bush’ fault or it was Wall Street’s fault.  Have you ever heard of the Glass-Stegall Act?  Well that great piece of legislation, which was created after the great depression, kept banks and Wall Street firms separate, not allowing each to do the others business.  Well you can thank Bill Clinton for signing off on tearing that law to shreds.  Wall Street firms did nothing illegal, they followed the law, the democrats allowed them to get involved in a business they should never be allowed.  Wall Street loves leverage and leverage my friend is a double edged sword.

So let’s all look forward at the CBO projections of our budget deficit, pictured above.  Doesn’t look so great now does it?  Democrats just don’t get it and when you elect someone with such “progressive” ideologies this is what you get, massive red ink.

Yellen Job-Slack View Muddied by Pent-Up Wage Deflation
By Matthew Boesler, bloomberg.com
Federal Reserve Chair Janet Yellen is raising questions about her own argument that stagnant wages mean the U.S. is far from full employment, armed with research from the Fed Bank of San Francisco tha …

Janet Yellen Raises Questions About Her Own Argument

#forex #trading #pips #unique4x #economy #yellen #jobs
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Yellen Job-Slack View Muddied by Pent-Up Wage Deflation
By Matthew Boesler, bloomberg.com

Federal Reserve Chair Janet Yellen is raising questions about her own argument that stagnant wages mean the U.S. is far from full employment, armed with research from the Fed Bank of San Francisco tha …

Janet Yellen Raises Questions About Her Own Argument #forex #trading #pips #unique4x #economy #yellen #jobs

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