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Latest Articles: Business/Finance
China owns greatest foreign oil assets in Africa
Post Date: 2015-05-14 01:23:37 by Tatarewicz
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Want... The late start of the overseas expansion of Chinese oil companies means that their foreign oil assets are largely located in Africa rather than in main oil producing countries in the Middle East, according to the China Economic Weekly. Chinese oil companies embarked on overseas expansion to secure supplies after China became a net importer of crude oil in 1996, said the report. Chinese companies were forced to look to less developed countries and regions, mostly in Africa, because foreign oil giants had already taken up most of the locations that had rich reserves and were easy to exploit, according to the report. They also have faced regulatory restrictions in countries such as ...
Senate Defeats Anti-Consumer Trade Bill Fast Track Authority
Post Date: 2015-05-13 07:54:49 by Stephen Lendman
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Senate Defeats Anti-Consumer Trade Bill Fast Track Authority by Stephen Lendman Score one for the good guys. A previous article explained so-called "trade promotion authority (TPA)" lets Obama and his trade representative, complicit with corporate predators, ram through Congress, with minimal debate, no amendments or public discussion outrageous legislation global justice advocates call NAFTA on steroids. Proposed Trans-Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP) are stealth corporate coup d'etat measures - freedom and ecosystem-destroying nightmares. Corporate giants wrote both measures - to establish unrestricted supranational ...
New cryptocurrency to be released
Post Date: 2015-05-12 21:35:56 by Tatarewicz
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Pravda.Ru The gold storage company Anthem Vault is to create a new digital currency. Bitcoins turned out to have no difference from flat currency as their value is not backed by anything real. Instead, it is dictated by confidence and belief. The new cryptocurrency is intended to be backed with precious metals, namely gold. Each "coin" will be valued at 1 gram of gold, and will be called "Hayek," after Austrian economist Friedrich Hayek. The release is reported to be on May 25th. Anthem Vault CEO, Anthem Blanchard believes that the alternative payment system would be helpful for people in developing countries with volatile currencies. "They could pay each other ...
The ‘Global Reset’ that May Crush the USD
Post Date: 2015-05-11 17:35:29 by BTP Holdings
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The ‘Global Reset’ that May Crush the USD Global Reset “Imminent” Warns Acclaimed Author… It Could Happen as Soon as This October… The New Financial System Will Be Built on This… The U.S. government is on the verge of bankruptcy. They have run up a debt that cannot be repaid, and now must create new dollars to meet their obligations. In other words, they’re trying to fix the debt problem by inflating the currency. Of course, anybody with some common sense knows this won’t work. Renowned financial analyst and author of The Big Reset, Willem Middelkoop, says: “A system reset is imminent. There are only two options: a financial reset ...
Case of the Vanishing Worker
Post Date: 2015-05-11 09:01:13 by Jethro Tull
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Case of the Vanishing Worker Unemployment rate is falling in industrial Midwest as residents move away, retire or give up on finding a job. ENLARGE Denny Ryder left for North Carolina after he was laid off from this Caterpillar plant in Decatur, Ill., in 2013. Photo: Kristen Schmid for The Wall Street Journal ByMark Peters and Ben Leubsdorf May 10, 2015 7:15 p.m. ET 39 COMMENTS DECATUR, Ill.—By one key gauge of economic health, this industrial city three hours south of Chicago is well on the way to recovery. Hit hard by the recession, when its unemployment rate topped 14%, Decatur over the past year has ...
China, Belarus agree US$1 billion in bank loans, sign potash memorandum
Post Date: 2015-05-11 07:26:20 by Tatarewicz
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SCMP China signed on Sunday a five-year memorandum on Belarussian potash supplies and extended loans totalling US$1 billion to Belarussian banks, part of a raft of deals resulting from the visit of President Xi Jinping to Minsk, Moscow and Almaty. Russia, Belarus’s closest ally, has been shifting its economic focus eastwards as ties with the West fray over the Ukraine conflict. Xi praised Belarus for its foreign policy during the crisis, which saw a ceasefire deal brokered in Minsk in February. “You’ve actively mediated in resolving the crisis,” he said in a briefing after the deals were signed.Under one of about 20 deals signed on Sunday. China’s state ...
The World's Biggest Fleecing Machine?
Post Date: 2015-05-09 11:57:49 by BTP Holdings
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Some say Las Vegas is the world's biggest fleecing machine for folks over 50. They're wrong. Wall Street is. IF you do it wrong, that is. IF you make your decisions based on the myths, deceptions and outright lies Wall Street's fat cats have devised to trap you. The thing is, though, once you break free from all that financial propaganda and do it right, Wall Street really can make you much, much richer. And that's precisely why it's so important that you view the newest installment in our "Financial Heresies" series right away! You'll discover ... >> Why "buy-and-hold" will never die, no matter what your broker tells you ... ...
The Only Laugh In Keynesian Economics
Post Date: 2015-05-09 11:28:58 by BTP Holdings
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The Only Laugh In Keynesian Economics by Mogambo Guru Who says you can’t have comedy in economics? Dave Gonigam, of the 5-Minute Forecast, upon being told that “Up to half of U.S. shopping malls will be gone in another 15-20 years” by retail consultant Howard Davidowitz, asked why. Mr. Davidowitz replied "This isn't rocket science. What's going on is the customers don't have the f(#&ing money"! Now, Mr. Gonigam’s funny punchline to the setup of people not having money to spend: “Oh... that.” Hahaha! “Oh,” pause for effect, “that.” Hahaha! Fabulous! It’s all in the timing! Despite the welcome ...
A Philadelphia journalist went undercover as an Uber driver — here's how much she made
Post Date: 2015-05-09 11:22:56 by BTP Holdings
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A Philadelphia journalist went undercover as an Uber driver — here's how much she made Business Insider By Antonia Farzan 20 hours ago (Getty / Oli Scarff ) Spoiler alert: not $90,000 a year. Last year, Uber claimed its full-time New York City UberX drivers were making a median wage of about $90,000 a year. Drivers responded by telling Business Insider's Maya Kosoff that they were often making less than minimum wage, with yearly earnings in the range of $10,000 to $41,000. When UberX arrived in Philadelphia, Emily Guendelsberger, a senior staff writer at the Philadelphia City Paper, became curious about how much drivers would make. So in January, she went undercover. ...
The Empire Strikes Back at Warren Buffett
Post Date: 2015-05-08 16:59:50 by BTP Holdings
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The Empire Strikes Back at Warren Buffett Brad Hoppmann | May 8, 2015 at 4:30 pm There was a clash of the titans in Las Vegas this week, aside from the Mayweather-Pacquiao fight. Hedge fund kingpins gathered at a ritzy casino to swap stories. Maybe they gambled with their own money, for a change. Anyway, one billionaire went on the attack against Warren Buffett. The world’s greatest investor is a hypocrite, he said. Is it true? Does it matter? No and no. Buffet isn’t worried. The Force is with him. *** Even Warren Buffett’s critics admit his results have been spectacular. He makes money for his investors the old-fashioned way, with solid research and extreme ...
Tesla Motors beats Wall Street's Q1 forecast, loses only $45M
Post Date: 2015-05-07 01:34:29 by Tatarewicz
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PALO ALTO, Calif., May 6 (UPI) -- The world's foremost electric car maker beat analysts' expectations again Wednesday by posting a loss of just $45 million in the first quarter of 2015 -- as Wall Street expected to see a loss of nearly $63 million. The automaker's reported adjusted loss amounted to 36 cents per share. Wall Street expected Tesla's loss would be 50 cents per share. The company's unadjusted loss for Q1, which ended March 31, was $154 million. Tesla reported a surprise loss of 13 cents per share -- or $16 million -- for Q4, but beat analysts' production forecast. For the entire 2014 fiscal year, Tesla reported a profit of 14 cents per share, or about ...
Anyone with capital can provide funds in China's risky market
Post Date: 2015-05-06 23:47:53 by Tatarewicz
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Want... Funders and representatives of financing companies gathered in Wuzhen township in China's Zhejiang province for the 2015 meeting of Chinese financing businesses from April 24-26, reports the China Economic Weekly. The concept of financing has surfaced in China amid heated stock trading that boosted the benchmark of A-shares trading to the 4,400-point mark. Financing companies are providing clients with loans significantly larger than the money the borrower has in possession. This borrow-lending operation is mostly performed over P2P online financing platforms. Funders in Wenzhou, where private funding activities are warm, are keen to take their share. However, financing ...
57 Varieties: AIIB's founding members jostle for power
Post Date: 2015-05-06 23:38:55 by Tatarewicz
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Want... With the unveiling of the list of 57 prospective founding members (PFMs) of the Asian Infrastructure Investment Bank (AIIB) on April 15, officials of China's Ministry of Finance are working around the clock to prepare for the signing of the bank's charter, scheduled for late June. The preparatory office has to face the various demands of the PFMs, as they jostle for positions of power in the bank, including the appointment of the first president and 11 vice presidents. Following their meeting in Beijing in late April, chief representatives of the PFMs are slated to convene in Singapore again in late May for formulating the bank's charter. The warm reception to the ...
The Emperor’s Clothes Cost Twenty Dollars
Post Date: 2015-05-06 17:16:48 by BTP Holdings
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The Emperor’s Clothes Cost Twenty Dollars By Lloyd Darland Chapter 1: What’s Going On? Today, just like yesterday, and possibly tomorrow, a thief sneaks into your home, into your wallet, and takes $5. No, this isn’t the income tax; that’s bad enough…this is in addition to that. And it’s not just “your” home… it’s happening in every home in the country, every day of the year. This is the average amount taken every day with a little-understood, quiet method you need to know about. The total amount of the theft currently equals upwards of $94 trillion! I hope you’ll keep reading to see how it’s done and why, what it means to ...
TDV Interview series David Morgan: The Shemitah, Dollar Collapse and Precious Metals
Post Date: 2015-05-06 10:45:46 by christine
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Jeff Berwick interviews silver markets expert and veteran David Morgan, topics include: the equity markets are very topped, Sept/Oct could well be a major break, the Shemitah, 7 year cycle, many large events coinciding, Sept 14-15th looking particularly significant, The Harbinger, self fulfilling prophesies, the silver price takedown, 4 years at bottom, the rush into the dollar precedes rush in to precious metals, most governments bankrupt, when it is global there is no exit, silver stocks, resource sector, zinc, the move to eliminate cash, negative interest rates, capital controls, condo bubbles, the true interest rate, a reset is imminent. Poster Comment:Worth the time investment....
Roubini: 'US Has Effectively Joined Currency War'
Post Date: 2015-05-05 17:37:18 by BTP Holdings
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Roubini: 'US Has Effectively Joined Currency War' Tuesday, 05 May 2015 07:00 AM By Dan Weil Until recently, the United States could argue that it was staying out of the global currency war — letting the dollar appreciate while foreign governments and central banks sent their currencies reeling. Indeed, the dollar rose to multi-year highs against a wide range of currencies in recent months. "But things look different today, and U.S. officials’ exchange-rate jitters are becoming increasingly pronounced," star economist Nouriel Roubini of New York University writes on Project Syndicate. Special: What This Soldier Did When He Came Home From Iraq . . . ...
Pipeline Problems: Keystone 1 Damaged by Major Corrosion - Reports
Post Date: 2015-05-04 23:51:45 by Tatarewicz
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sputnik... A section of the Keystone 1 pipeline had to be shut down after just 2 years because of corrosion - the wall had corroded by 95% in one section - but both TransCanada and US federal regulators are keeping the cause of the damage secret, the DeSmogBlog reports. Documents obtained through a FOIA request show that in October of 2012, a section of the pipeline — which transports oil from the Alberta tar sands — was shut for several days in response to dangerous levels of erosion detected during a mandatory inspection of the pipeline. In one particular area, 95% of the wall had corroded, leaving it at a thickness equivalent to one third of a dime. Stop Keystone XL © ...
Will America Soon Be Struck By An Economic Pearl Harbor?
Post Date: 2015-05-04 16:49:38 by BTP Holdings
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Will America Soon Be Struck By An Economic Pearl Harbor? Don't Become a Victim It's Critical You Claim Your Currency Wars Defense Blueprint Before It's Too Late! Dear Concerned American, A 21st century threat to our great nation's financial security has arrived at our doorstep. And it endangers you and your family's prosperity. As you just learned, the rise of global Currency Wars is now on the radar of the Pentagon, CIA, and entire national intelligence community. They are taking it very seriously . . . and so should you. The U.S. government, Federal Reserve, and many of our international foes and allies are now recklessly engaging in rampant money printing and ...
America to Face ‘Financial War’ in 2015 (See Photo)
Post Date: 2015-05-04 16:47:06 by BTP Holdings
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Click on source link to view video
Stephen Roach: Fed Is Laboring Under a 'Dangerous Delusion'
Post Date: 2015-05-04 16:43:17 by BTP Holdings
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Stephen Roach: Fed Is Laboring Under a 'Dangerous Delusion' Monday, 04 May 2015 07:00 AM By John Morgan The easy money antics of the Federal Reserve and other central banks are delusional and bound to lead to a global crack-up, according to Yale University economist Stephen Roach. Roach, former chairman of Morgan Stanley Asia, suggested the "big bazooka" of quantitative easing has led to inflation of assets like stocks and encouragement of currency depreciation — ingredients for disaster. "The world economy is in the grips of a dangerous delusion," he declared in a column for Project Syndicate. "Not only have wealth and currency effects failed ...
How to Get the Most From Your Credit Card
Post Date: 2015-05-04 16:35:50 by BTP Holdings
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How to Get the Most From Your Credit Card By Erinn Bucklan May 04, 2015 Get Clever We’re getting smarter about our credit cards: According to new Gallup research, more Americans are relying less on them. In fact, credit card ownership is at an all-time low, with 64 percent of those surveyed paying off their balances in full each month, the highest percentage Gallup has recorded. Still, we can get even more clever with credit, especially since there’s power in wielding plastic as long as you do it the right way. Want to know how to beat the banks at their own rules? Read on for eight great tips. Next page: ...
Putin ratifies set up of $100bn BRICS fund
Post Date: 2015-05-03 00:20:17 by Tatarewicz
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PressTV... Russian President Vladimir Putin has endorsed a new treaty to establish a $100-billion reserve fund for the BRICS group of five leading emerging economies, consisting of Brazil, Russia, India, China, and South Africa. Putin’s ratification of the accord on Saturday came as Moscow was expected to contribute $18 billion to the fund, which is considerably less that the $41 billion China has pledged to pitch in to the reserve, which was set up following an agreement signed among the member states in Brazil in July 2014. "The accord on the creation of a common reserve fund for BRICS countries has been ratified," said a Kremlin document, according to a report by ...
Buffett says value investing applies to all markets
Post Date: 2015-05-03 00:06:54 by Tatarewicz
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OMAHA, May 2 (Xinhua) -- Warren Buffett, Berkshire Hathaway's chairman and chief executive told its shareholders on Saturday that value investing applied to all markets, and more speculative forces were seen in Chinese market. In answering a question from a Chinese investor at the company' s 50th annual shareholder meeting held in Omaha of Nebraska, Buffett said "investment principles do not stop at borders". If he was investing elsewhere, he would use the same sort of principles outlined in Benjamin Graham's "the intelligent investor " that he did in the U.S., he added. Commenting on China's stock market where the market value almost doubled in ...
Dr. Chris Martenson: “Mother of All Collapses” Looms
Post Date: 2015-05-02 11:43:17 by BTP Holdings
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Dr. Chris Martenson: “Mother of All Collapses” Looms NEW RADIO RELEASE May 1st, 2015 Comments Print “Nobody Alive Will See the End of the Effects…” DOWNLOAD MP3 Don't want to listen? Read the podcast below! Dr. Chris Martenson Interview Welcome to this week's Market Wrap Podcast, I'm Mike Gleason. Coming up later we have a fabulous interview with Dr. Chris Martenson of The Crash Course and PeakProsperity.com. Chris has a rather scary forecast for the global financial markets. And he shares some very important information about how the average investor can protect himself against what he sees ...
America Is Finally Getting Serious About Offshore Wind
Post Date: 2015-05-02 05:05:27 by Tatarewicz
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Yahoo... Eighteen miles off the coast of Rhode Island, the first offshore wind farm in the United States is finally under construction—seven years after it was originally proposed. Deepwater Wind will initially install five turbines, which the company expects to be operational by the end of 2016. The wind farm will generate enough electricity to power 17,000 homes. That’s not going to make a big dent in even the smallest state’s power supply, but it is a positive shift for the country’s oft-troubled offshore wind energy industry. Compared with Europe’s 2,300-plus turbines and their 29 million megawatt-hours of energy production a year, it’s clear the U.S. ...
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