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Congress’ Approval Rating Reaches A New Low

Congress’ Approval Rating Reaches A New Low

Earlier this week Gallup announced that Congress’ approval rating among the American public had reached a new low of only 9%, down from the 10% approval rating reported from the last poll. This is by far the lowest rating that Congress has achieved since Gallup started asking Americans how they feel about Congress 39 years ago. Since 1974, the average approval rating has been 33%, reaching a high of 56% after the Sept. 11 attacks. I should state however that Gallup…

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Derivatives Market Reaches New High

Derivatives Market Reaches New High

A combination of fractional reserve banking, bank leverage, money printing, derivative manufacturing and government borrowing has been the reason behind much of the global GDP growth over the past 40 years. This market is now worth a staggering $1 + quadrillion,  that’s $1,000,000,000,000,000 of essentially worthless derivatives where buyers only need to put up a fraction of the purchase price. Add in $250 trillion of government debt around the world and things start to look pretty shaky. During 2012, the…

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Unproductive Congress

Unproductive Congress

The 112th Congress, which ended in 2012, was much criticized for being the least productive and most unpopular congress on record. However, the new 113th Congress, only six months into its term, is set to beat that record. According to a June Gallup poll, only 10% of Americans had confidence the institution, which is the lowest rating on record for any US government body — the rating has fallen from 13% last year. Only 15 legislative items have become law…

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