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Why the U.S. cares about Somalia
April 15, 2017: Over 20 101st Airborne troops sent to Somalia to train forces fighting radical Islamist group al-Shabab
May 5: Death of U.S. Navy Seal announced outside Mogadishu.
Loss of Somalia to radical Islamists could force maritime trade to travel around the African continent. Read more at Geopoliticalfutures.com
Obama created Somali enclave in Amarillo, Texas. They elected their own mayors. (Watchdog.org)
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Slide to Serfdom
Charles Hugh Smith: The Left’s Descent into Facism
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Rise of the 0.1%
Charles Hugh Smith has an interesting breakdown of what caused the trend of increased capital in the top 0.1%.
Smith says the economy shifted from production to financialization.
(Mixed with computer advances and higher health care replacing and displacing labor)(Basically bigger government intervention helps the very rich, which is why they favored Hillary Clinton)
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Socialism Epic Fail
Venezuela stopped reporting their money supply: (Zerohedge story)
Similar to the Weimar Republic in 1922 when it took a wheelbarrow full of money to buy a loaf of bread.
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States Hit by Oil Price Declines
Kansas, New Mexico, Oklahoma and Wyoming saw downturns as of the third quarter in 2016 according to report (PDF) by Kansas Fed Economist Jason Brown:
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“Obama said it was OK to come”
FLASHBACK: “In a way we are just a welcoming crew” — Border Patrol official
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Interest Rates
The FED announced a quarter point increase in interest rates today. Fox News story
How the Obama Administration has altered unemployment statistics. (Zerohedge)
(Not to mention many jobs converted to part-time due to Obamacare.)
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Impact of “Fight for $15”
Democrats made college unaffordable, now as they push for $15 minimum wage, businesses speed up replacing jobs where young Americans work, in favor of kiosks.
McDonalds announces job-replacing kiosks nationwide (Forbes)
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Texas Shale Oil Discovery
The U.S. geological survey has discovered the largest amount of untapped oil in the United States. More from Business Insider
