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Latest Articles: Business/Finance
Warren Buffett Drinks the Kool-Aid
Post Date: 2015-03-25 17:25:54 by BTP Holdings
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Warren Buffett Drinks the Kool-Aid Heinz-Kraft link up may rearrange your pantry •Colorful events ... •Unhealthy company ... •Signs of weakness ... •Junk food desperation ... Dear Customer, Warren Buffett wants a seat at your kitchen table. Since you probably didn't invite him, Buffett will buy his way in via those colorful boxes in your pantry — and he's bringing some Brazilian friends along, too. If, like many Americans, you're trying to cut back on processed food, your goal just got a little farther away. *** Note: Trouble viewing this message? Click here to read it on our web site. www.gliq.com/cgi-bin/clic...+032520 ...
Gold and the U.S. Dollar: Q&A With Rick Rule
Post Date: 2015-03-24 17:04:36 by BTP Holdings
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Q&A With Rick Rule on Gold and the U.S. Dollar Published Tue, Mar 24, 2015 | Karim Rahemtulla, Chief Resource Analyst Gold and the U.S. Dollar: Q&A With Rick Rule Gold prices are dropping right now as American investors’ confidence in the U.S. dollar continues to mount. But the dollar’s foundation is more unstable than you might think. According to Rick Rule, Chairman of Sprott U.S. Holdings, “The dollar’s dominance will continue. Not because it’s strong, but because the competitors are weak.” Indeed, given the dollar’s underlying weakness, gold’s recovery might not be far off. During the second part of our exclusive interview, Rick ...
This US State is on the Verge of a Silver & Gold Revolution!
Post Date: 2015-03-24 01:12:08 by christine
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Restoring Sovereignty, One State at a Time As we recently observed, the “brilliant” elites in DC are currently in full retreat across a broad spectrum of international issues. From being routed on the issue of a Russia/China-led bank in Asia, to having their IMF storm-troopers thrashed in eastern Europe, it’s wonderful to see them with their tail between their legs on such a regular basis! Make no mistake, others have taken note of these defeats here in the States, and it has given them hope. In fact, many of those folks are now thinking the time is perfect to finally push some some meaningful reforms in their own communities. That’s exactly what we’re gonna be ...
If you can't beat 'em: Japanese firms team up with Chinese copycats
Post Date: 2015-03-23 20:17:00 by Tatarewicz
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Want... Japanese stationery and office furniture supplier Kokuyo has forayed into the Chinese market by teaming up with a company that counterfeits its products, according to Duowei News, an outlet run by overseas Chinese. It has successfully partnered with a Taiwanese-funded company based in Zhejiang to sell high-quality products at half of their original pricing level. This strategy is quite common in Japan and many companies there are now applying it with some success to the Chinese market. "We have developed new products on the basis of our exhaustive research of the Chinese market," said the company's China representative Katsuyuki Konishi. He said consumer preference ...
US oil giant demands millions from Russia
Post Date: 2015-03-22 04:37:44 by Tatarewicz
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PressTV... The US oil and gas giant is demanding millions of euros in back taxes from Russia. The US oil and gas giant is demanding millions of euros in back taxes from Russia. US oil and gas giant ExxonMobil is demanding millions of euros in back taxes from Russia. Russian officials say Exxon chief executive Rex Tillerson was in Moscow for closed-door meetings with Energy Minister Alexander Novak. The Kommersant daily says Tillerson is contesting taxes paid on the Sakhalin-1 project in the Far East operated by ExxonMobil. Exxon, which owns 30 percent of the operation, claims it overpaid on the project. The company has allegedly been paying 35 percent of its profit to Moscow despite ...
Fed whistleblower quits Wall Street, weighs book
Post Date: 2015-03-21 06:32:40 by noone222
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Carmen Segarra, the Wall Street whistleblower who secretly recorded 46 hours of private conversations with her fellow regulators — casting a light on the sometimes too cozy relationship between the New York Fed and the banks it oversees — is considering writing a book, The Post has learned. Segarra, a lawyer, left her job at Barclays in New York earlier this month after Federal Reserve Chair Janet Yellen, in a March 3 speech, appeared to refer to Segarra’s rocky relationship with her then-Fed colleagues. “It is important that anyone serving the Fed feel safe speaking up when they have concerns,“ Yellen said in her speech in New York City before the Citizens Budget ...
Switzerland to take part in founding of AIIB bank
Post Date: 2015-03-21 02:45:43 by Tatarewicz
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(Reuters) - Switzerland will participate in the establishment of a new international development bank backed by China, along with several other western European countries, the Swiss government said on Friday. The Alpine nation will become a prospective founding member of the Asian Infrastructure Investment Bank (AIIB), subject to approval by the existing signatories, the government said in a statement. The AIIB was launched in Beijing last year to support investment in Asia in transport, energy, telecommunications and other infrastructure. It is seen as a rival to the Western-dominated World Bank and a major plank in spreading China's "soft power". (Reporting By Alice ...
Why iPhones can't be made in America
Post Date: 2015-03-20 22:26:35 by Tatarewicz
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WANT... The issue of why Apple cannot make its iPhones in the United States is interesting, according to "Chuangshiji," a column on www.sina.com.cn. It is not that America cannot make iPhones. It just cannot make them as cheap as China. China indeed has an irreplaceable value in Apple's supply chain. The issue of how to earn more money using technologies and services is an unavoidable one in the US. Some people may say that only China is capable of supporting Apple's huge supply chain. Again, it is a matter of cost, rather than technology. The iPhone 6's parts and components are supplied by 31 countries. Some 349 of the suppliers are in China, while 139 are in ...
Investment Fund Manager Redleaf: Global Recession Could Be Coming
Post Date: 2015-03-18 18:22:08 by BTP Holdings
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Investment Fund Manager Redleaf: Global Recession Could Be Coming Wednesday, 18 Mar 2015 06:00 AM By Dan Weil With the 30-year Treasury yield having hit a record low in January and the S&P 500 index just 2 percent below its record high, many experts are worried about froth in financial markets. Andy Redleaf, CEO of hedge and mutual fund manager Whitebox Advisors, is one of them. "I think it is a truly scary time," he writes in an internal memo obtained by CNBC. The Federal Reserve's massive easing program that has pushed its balance sheet to $4.5 trillion could come back to bite the financial system, Redleaf argues. "We do not know exactly where all the ...
Strong Dollar, Sluggish Growth Weigh Against Fed Raising Rates
Post Date: 2015-03-18 18:16:50 by BTP Holdings
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Strong Dollar, Sluggish Growth Weigh Against Fed Raising Rates Wednesday, 18 Mar 2015 07:48 AM By Peter Morici Federal Reserve policymakers are meeting to consider whether to open the door to raising interest rates as early as June. Falling unemployment favors higher rates, but inflation remains well below the Fed target of 2 percent. More importantly, other factors could persuade the Fed to be more patient about raising rates than Wall Street or Main Street expect. 1. Growth Is Flagging After finishing 2014 strongly, consumers have been cutting back. Even with a rebound in gas prices, retail sales were down in February. More troubling, auto sales, which have led the economic ...
Putin to Nationalize Rothschilds -Central-Bank
Post Date: 2015-03-18 06:05:38 by Tatarewicz
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Putin´s Confident: Putin to Nationalize Rothschild´s Central Bank and Purge “Collaborators” with West. “War till One Side Collapses inevitable” Posted on December 15, 2014 by Anders Abstract: President Putin is under heavy pressure from outside and inside: Western sanctions and intended oil price crash. Despite efforts by the Rothschild controlled Central Bank of Russia (CBR) and the use of dozens of billions of foreign exchange reserves – the value of the ruble against the dollar has, therefore,declined by 39% this year. Putin will soon nationalize the CBR and the ruble according to his confidant Yevgeny Fyodorov – to raise money for his ...
France & Germany to join China-led $50bn infrastructure bank, along with Italy
Post Date: 2015-03-18 02:33:52 by Tatarewicz
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RT... The finance ministries of France and Germany have confirmed they’ll join China’s new Asian Infrastructure Investment Bank (AIIB), and Italy is expected to soon. Joining the rival to the US-led World Bank is seen as a setback for the Obama administration. "The Ministry of Finance confirmed that France would join the AIIB bank," French daily Le Figaro reported Tuesday. Germany’s finance ministry said it was joining the bank, the BBC says, although Italy has yet to confirm the earlier report by the Financial Times (FT). The decision comes after Britain last week became the first Western country to agree to become a founding member of the AIIB, FT reports. The ...
Uber and BYD team up on electric car chauffeur services in US
Post Date: 2015-03-18 00:34:27 by Tatarewicz
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Want... Uber, the world's leading online chauffeur service provider, has confirmed it has reached an agreement with Shenzhen-based electric car maker BYD to push chauffeur services using electric cars in the United States. The agreement is a prelude to BYD's plans to promote its electric cars on the domestic front via cooperation with local online chauffeuring service providers such as Didi Dache, Kuaidi, and CAR Inc, a leading car-rental firm, a BYD executive told Shanghai's China Business News. BYD is also setting its sights on the electric bus market in both China and the US. Lauren Altmin, spokesperson for Uber, said the company in partnership with BYD launched an electric ...
Zynga CEO's Vancouver mansion sold to Chinese investor for US$52m
Post Date: 2015-03-17 23:20:26 by Tatarewicz
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Want... A mansion in Vancouver's affluent Point Grey neighborhood has been sold to a Chinese Canadian businessman for US$51.8 million, marking one of the most expensive residential house deals in local history, reports Shanghai's the Paper. The mansion was formerly owned by Vancouver entrepreneur Don Mattrick, CEO of social gaming company Zynga and former Electronic Arts executive. The 1.09-hectare property that includes waterfalls, an outdoor tennis court, underground garage, a movie theater and a separate guest house is in fact three pieces of property put together. Dealer's documents reveal that the mansion was sold to a Chinese entrepreneur named Chen Mailin in Dec. 2014. ...
Outsourcing America
Post Date: 2015-03-16 20:31:25 by Armadillo
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...H-1B visas are temporary work permits issued by the U.S. government that are good for up to six years. The intent is for these visas to be used only when an American worker cannot be found. In fact, the U.S. Department of Labor states, "The Immigration and Nationality Act (INA) requires that the hiring of a foreign worker will not adversely affect the wages and working conditions of U.S. workers comparably employed.” In practice, the H-1B visa has been used for years to undercut American workers with lower-wage, and often lesser-skilled, workers brought in from overseas. How does this happen? Congress sets the wage floors for H-1Bs, and it has set it far below market wages. ...
New BRICS bank to change world's financial system
Post Date: 2015-03-16 01:38:57 by Tatarewicz
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Pravda.Ru Russia was the first among BRICS members to have ratified the establishment of the New Development Bank, the main goal of which is to support investment projects for participating associations. The new bank is seen not only as support to economies of the five countries, but also good counterbalance to the IMF, the World Bank (International Bank for Reconstruction and Development, IBRD) and other creditors. The history of the New Development Bank of BRICS Russian President Vladimir Putin signed the law on the ratification of the agreement about the new New Development Bank in early March, while the State Duma of the Russian Federation ratified the agreement on February 20. The ...
Asia closing in as no.1 home of the ultra-rich: Knight Frank
Post Date: 2015-03-15 23:34:37 by Tatarewicz
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Want... Asia topped the list for the fastest growth rate of numbers of ultra-high-net-worth individuals in 2014, reports the Beijing Times. The region's emergence has spurred demand for luxury properties in Asia and Australia, according to a report jointly compiled by Knight Frank, an international real estate consultancy, and BOC International, the international arm of the Bank of China. Asia replaced North America as the region with the world's second highest number of ultra-high-net-worth individuals with assets exceeding US$30 million, said the report. The figure in Asia grew from less than 1,000 in 2013 to 1,419 last year and the number is predicted to increase 80% in China ...
More Seattle restaurants close doors as $15 minimum wage approaches
Post Date: 2015-03-14 14:42:30 by X-15
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Seattle’s $15 minimum wage law goes into effect on April 1, 2015. As that date approaches, restaurants across the city are making the financial decision to close shop. The Washington Policy Center writes that “closings have occurred across the city, from Grub in the upscale Queen Anne Hill neighborhood, to Little Uncle in gritty Pioneer Square, to the Boat Street Cafe on Western Avenue near the waterfront.” Of course, restaurants close for a variety of reasons. But, according to Seattle Magazine, the “impending minimum wage hike to $15 per hour” is playing a “major factor.” That’s not surprising, considering “about 36% of restaurant earnings go ...
Project Prophecy
Post Date: 2015-03-14 12:23:43 by BTP Holdings
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My name is Steve Meyers. And I want to thank you for taking part in this exclusive Money Morning interview with Jim Rickards, the Financial Threat and Asymmetric Warfare Advisor for both the Pentagon and CIA. Recently, all 16 branches of our Intelligence Community have come together to release a shocking report. These agencies, that include the CIA, FBI, Army, and Navy, they've already begun to estimate the impact of the fall of the dollar as the global reserve currency. And our reign as the world's leading super power being annihilated in a way equivalent to the end of the British Empire, post-World War II. And the end game could be a nightmarish scenario, where the world ...
Oil is on its way down again; will gasoline prices follow
Post Date: 2015-03-14 05:56:57 by Tatarewicz
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NEW YORK (AP) — The price of oil is tumbling again, rattling an already-shaken oil industry and heralding lower prices for consumers. The price of oil fell 10 percent this week, approaching its lowest price in six years. Many expect it to fall further in the coming weeks because supplies are rising and the summer driving season is still months away. The lower crude prices will mean gasoline prices will slide lower in the coming weeks, and many drivers will likely pay under $2 a gallon in the summertime for the first time since 2004. Oil prices had appeared to stabilize in a range nearly 15 percent higher than the depths they had reached in late January. But on Friday the ...
Russia to provide $13.75mn as part of first IMF loan for Ukraine – finance
Post Date: 2015-03-13 23:29:12 by Tatarewicz
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RT... Russia will participate in financing the first tranche of IMF aid to Ukraine in the amount of $13.75 million; the Bank of Russia will deliver the payment on March 13, said Russian Finance Minister Anton Siluanov. "The program [IMF $17.5bn package –Ed.] will be financed via the IMF quota resources, and the funding from shareholder countries in the framework of their participation in the so-called New Borrowing arrangements,” Siluanov said. “As such, the Russian Federation will participate in the funding in accordance with its obligations as a participant, and deliver the first tranche of the IMF program for Ukraine in the amount of $13.75 million dollars. The ...
Beijing asks for RMB's inclusion in SDR basket
Post Date: 2015-03-13 23:06:52 by Tatarewicz
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Want... One senior central banker said Thursday that China is "actively communicating" with the International Monetary Fund (IMF) on the possibility of including the renminbi, in the basket of the Special Drawing Rights (SDRs). "We hope the IMF can fully take into account the progress of the renminbi's internationalization, to include the renminbi into the basket underlining the SDR in foreseeable, near future," said Yi Gang, vice governor of the People's Bank of China. However, China is being patient until conditions are ripe, Yi said at a press conference on the sidelines of the ongoing annual parliamentary session. SDRs are international foreign exchange ...
Russia Inks Major Ore Exploration Deal with International Seabed Authority
Post Date: 2015-03-12 05:48:44 by Tatarewicz
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sputnik Russia has acquired the exclusive right to explore ore mineral resources in a section of the Pacific bed totaling 3,000 square kilometers, which is located near the Magellan Seamounts Range, sources said. The contract was signed between Russia and the International Seabed Authority in New York earlier this week, according to Russian Deputy National Resources and Ecology Minister Denis Khramov. He explained that the 15-year contract stipulates that Russia could explore the cobalt-rich ferromanganese crust in the allotted parcel, which may yield an estimated 30-35 million tons of ore. "The area granted to Russia includes 150 blocks, which have an area of 20 square kilometers ...
German energy giant E.ON records biggest annual loss in company history
Post Date: 2015-03-12 05:30:59 by Tatarewicz
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RT... Germany’s biggest power supplier, E.ON, saw its worst annual net loss of €3.2 billion in 2014. Profits were wiped out by the company’s transition to renewables, as well as low oil prices and volatile currencies. “The earnings situation reflects the persistently difficult situation on energy markets in Germany and Europe,” E.ON said in its 2014 Annual Report, published Wednesday. By comparison in 2013 the company recorded a €2.14 billion profit. In December, E.ON announced it will split into two companies – one focused on renewables and the other on fossil fuels. The company said in December it expected the spin-off, which required divesting ...
LIBERTY DOLLAR CLAIMANTS "NOTICE"
Post Date: 2015-03-11 11:17:35 by noone222
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LIBERTY DOLLAR NEWS: February 2015 Vol. 17 No. 02 You Must Take Prompt Action Before Your Wrongfully Seized Liberty Dollars Are Forfeited and Gone Forever! Dear Liberty Dollar Supporters! I strongly urge you to send this message out to your fellow Liberty Dollar supporters, email list and your news groups so as many innocent third parties as possible can get their wrongfully seized Liberty Dollar property back as possible. ATTENTION: I was just informed that the DOJ is planning to mail notification to 1000 to 2000 potential claimants (out of 10,000+ potential claimants), regarding their property on March 10. Don't wait! Start getting your info together now. If you are not one of the ...
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