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Latest Articles: Business/Finance
China to give 10-year visas to Canadians
Post Date: 2015-03-11 02:16:09 by Tatarewicz
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(China Daily USA) Canadians traveling to China will now be eligible for a 10-year visa from the Chinese government. Chinese Foreign Minister Wang Yi announced the new visa on Sunday. In addition to being valid for up to 10 years, it will ease travel, reduce costs and cut down on delays and preparation time for trips to China, according to Ed Fast, minister of International Trade for Canada. "(The) announcement of multiple-entry visas will greatly benefit Canadians, from businesses to tourists to those visiting family members back in China," Fast said in a statement. "This 10-year visa will be of great convenience to over a million Canadians of mainland Chinese origin in ...
The End of the Debt Cycle
Post Date: 2015-03-10 16:53:00 by BTP Holdings
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The End of the Debt Cycle by Bill Bonner “It’s the end of the great debt cycle,” says hedge fund manager Ray Dalio of Bridgewater Associates, taking the words out of our mouth. Bond fund manager Bill Gross adds context: In the past 20 to 30 years, credit has grown to such an extreme globally that debt levels and the ability to service that debt are at risk. […] Why doesn’t the debt supercycle keep expanding? Because there are limits. Neither Mr. Dalio nor Mr. Gross nor we know precisely where those limits are. But the Europeans and the Japanese are rushing toward them. In Europe, bond yields are lower than they’ve ever been. Between $2 trillion and $3 ...
Gov't Operation Denies You Access to Guns & Gold
Post Date: 2015-03-10 16:33:08 by BTP Holdings
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Gov't Operation Denies You Access to Guns & Gold Written by Damon Geller As first exposed by the Wall Street Journal, the Department of Justice and bank regulators are unconstitutionally pressuring banks to refuse banking services to perfectly legal industries, under the guise that they pose a “reputation risk” to the bank. Not surprisingly, two of the main industries targeted by this illegal program just happen to be two of the biggest threats to the federal government: guns and gold. That’s right, the federal government is actively trying to choke sellers of guns & precious metals out of the financial industry. The government's stunning objective with such ...
China's mega international payment system is ready, will launch this year - report
Post Date: 2015-03-10 08:52:52 by Tatarewicz
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The China International Payment System (CIPS) is due to kick off this year, bringing the yuan a step closer to becoming a global trading currency, as the new system will make payment transfers just as easy as in dollars and euro. The launch is expected in September or October, depending on how tests go, a source told Reuters. Another person with direct knowledge of the matter said the goal is to start the first phase before December, Reuters reported. "The CIPS is ready now and China has selected 20 banks to do the testing, among which 13 banks are Chinese banks and the rest are subsidiaries of foreign banks," one of the sources told the agency. READ MORE: Russia to launch ...
Shocking: Six Time-Proven Indicators Now Point To A Stock Market Crash
Post Date: 2015-03-07 12:41:54 by BTP Holdings
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Last week, major American stock exchanges like the Dow Jones and the NASDAQ hit new record highs. But irrefutable evidence now says a market crash bigger than what happened in 2008 is headed our way… …the ramifications of which will hit the economy and Americans deeper than what happened during the Credit Crisis of 2008; maybe even harder than the Depression. Our 28-year-old research firm feels so strongly about this, we’ve just produced a video to warn investors called, “Six Time-Proven Indicators Now All Pointing to a 2015 Stock Market Crash.” In case you are not familiar with our research work on the stock market: In late 2001, in the aftermath of 9/11, we ...
Exxon CEO: Get used to lower oil prices
Post Date: 2015-03-06 07:41:29 by Tatarewicz
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Yahoo... NEW YORK (AP) — Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth. "People need to kinda settle in for a while," Tillerson said at the company's annual investor conference in New York. In a presentation to investors outlining its business plans through 2017, Exxon assumes a price of $55 a barrel for global crude. That's $5 below where Brent crude, the most important global benchmark, traded on Wednesday. It's about half of what Brent averaged between 2011 and the middle of last year. The price of oil plunged in the second half of 2014 when it ...
Dispute forces UK company to stop drilling in South China Sea
Post Date: 2015-03-06 04:30:37 by Tatarewicz
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Want... A UK-listed company has been forced to suspend exploration in the South China Sea due to an ongoing territorial dispute between China and the Philippines. Forum Energy, a UK-incorporated oil and gas exploration company with a focus on the Philippines, announced on March 2 that the Philippine Department of Energy has granted a force majeure on Service Contact 72 because the contract area falls within a disputed area subject to a UN arbitration process between the Philippines and China. SC 72 is a Philippine government concession to extract oil and gas in the resource-rich Reed Bank, also known as the Recto Bank, situated about 85 nautical miles off the west coast of the Philippine ...
Internet of Vehicles market expected to expand rapidly
Post Date: 2015-03-04 07:00:39 by Tatarewicz
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Want... As internet technology has more and more interaction with traditional machinery technology, the Internet of Vehicles is now sweeping the automobile industry, China's Economic Observer reports. Citing statistics from different sources, the weekly said that within the next three to five years, the value of the global Internet of Vehicles market will reach 300 billion yuan (US$47.8 billion). By the end of 2015, 60% of cars will be connected. And by 2020, the percentage will have increased to 90%. Over the past year, there have been numerous partnerships between Chinese car makers and Internet service providers. They include those between SAIC Motor Corp and Alibaba Group; ...
High US oil stores could lower crude price
Post Date: 2015-03-04 06:43:16 by Tatarewicz
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NEW YORK (AP) — The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months. For the past seven weeks, the United States has been producing and importing an average of 1 million more barrels of oil every day than it is consuming. That extra crude is flowing into storage tanks, especially at the country's main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, the Energy Department reported last week. If this keeps up, storage tanks could approach their operational limits, known in the industry as "tank tops," by mid-April and send the ...
Industrial automation picks up pace in China
Post Date: 2015-03-03 07:56:56 by Tatarewicz
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Want... Production lines at the factories of Midea Group, a leading manufacturer of home appliances in China, appear to be quite empty, with only a handful of human workers. this comes as a result of the integration of high-level automation as a great deal of assembly jobs are now going to robots, leaving only the final checks and testing to humans. Even the checking and testing work will be taken over by robots, said Wu Shobao, vice general manager of the household air-conditioner department of the company, according to Caixin.com. The production lines embody the group's efforts to improve their industrial automation in recent years, as a result of which the number of workers at its ...
$4.8M in gold bars stolen in armored truck heist on highway
Post Date: 2015-03-03 07:06:00 by noone222
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$4.8M in gold bars stolen in armored truck heist on highway By MICHAEL BIESECKER Associated Press RALEIGH, N.C. (AP) - Shortly after dusk along a lonely stretch of Interstate 95, armed robbers hijacked an armored truck, tied up the two guards and disappeared into the night with 275 pounds of gold bars. The guards working for Transvalue Inc. of Miami reported pulling off to the side of the interstate about 6:30 p.m. Sunday after their vehicle began having mechanical problems in eastern North Carolina, according to the Wilson County Sheriff's Office. The guards told police they were surprised by three armed men driving a white van who ordered the guards to lie on the ground, tied ...
How Obama Made $9.2 Billion With Executive Dividends
Post Date: 2015-03-02 17:10:04 by BTP Holdings
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Love him or hate him, you should know the shocking story about President Obama that’s NOT being told… The story about a little-known investment that made the U.S. government a whopping $9.2 billion. All cashed in while Obama’s been in office. And all kept secret from people like you and me… See, a few years ago, the U.S. government launched a massive investment program to buy a series of unique investments I’m calling “Executive Dividends.” An investment strategy so powerful that it has the potential to increase your returns by 111–1,900% while reducing the money you put on the line by 80%! And so lucrative that the government even established ...
Putin announces 10% salary cuts in his administration
Post Date: 2015-03-02 06:58:54 by Tatarewicz
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RT... The Russian president has ordered salary cuts of 10 percent for all members of his administration, Vladimir Putin’s press secretary, Dmitry Peskov, who is also deputy head of the administration, has told reporters. Peskov added that the announcement was made personally by the president at the Friday conference with the permanent members of Russia’s Security Council. The press secretary noted that the salaries’ issue was not on the agenda of the meeting. Earlier this week, State Duma speaker Sergey Naryshkin told fellow lawmakers that he intended to address the president with a request to cut their recently increased salaries as part of the Russian government’s ...
Russia may consider selling S-400 missile system to Iran
Post Date: 2015-03-01 07:16:50 by Tatarewicz
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Want... The S-400 missile system at a military unit in Elektrostal, near Moscow. The system has already entered service with the Russian Air Force. (Photo/CFP) While commenting on the prospect that Russia might provide Iran with its S-400 Triumf anti-aircraft missile system, Russian defense company Rostec CEO Sergey Chemezov stated that the US$1.9 billion contract for four S-400 systems announced between Russia and China was signed back in September 2014. Chemezov announced that Russia has proposed supplying several Antey-2500 anti-ballistic missile systems to Iran at an international defense exhibition in Abu Dhabi on Feb. 23, according to a Feb. 24 report in Russia's Kommersant ...
Has Saudi Arabia Won in the Oil Price War Yet?
Post Date: 2015-03-01 06:42:39 by Tatarewicz
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Sputnik... In America, the amount of active oil rigs is falling dramatically, while the crude price has stabilized, suggesting a collapse in shale oil industry, similar to the ‘oil bust’ of 1986, is near. But then, why is oil production in the US is beating new records? Oil Advances in Price, Threats of Gas Supply Cuts to Europe Kristian Rouz – Global oil prices have stabilized near $60/bbl during this past week, while the US energy sector took a double blow as the major strike nearly paralyzed the work of crude storages and refineries from California through Texas, and the crude producers have been decommissioning drilling rigs 12 weeks straight already. Allegations have ...
American defense contractors now health care providers
Post Date: 2015-02-27 00:27:38 by Tatarewicz
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Pravda... "Defense Contractor" is no longer a valid term for US weapons makers. American defense contractors now health care providers. 54640.jpeg References to the "military industrial complex" are agonizingly silly particularly since the man who coined the term --President Dwight Eisenhower--was as ruthless as his CIA director John Foster Dulles. According to the Miller Center at the University of Virginia, defense spending never fell below 50 percent of the US budget during Eisenhower's presidency. In fact, he increased spending on nuclear weapons. And it gets worse: "During his first year in office, Eisenhower authorized the CIA to deal with... Iran that ...
Hong Kong's RMB trade settlement up to US$1tn in 2014: financial secretary
Post Date: 2015-02-26 23:42:04 by Tatarewicz
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Want...The RMB trade settlement conducted through Hong Kong banks amounted to 6.3 trillion yuan (US$1 trillion) in 2014, rising 60% from a year ago, Hong Kong's Financial Secretary John Tsang said here on Wednesday. Delivering the 2015-16 budget speech, Tsang said that as the world's largest center for offshore RMB banking, financing and asset management, Hong Kong aims to expand RMB business links with the rest of the world. He said RMB bond issuance in Hong Kong rose 70% year-on-year to 200 billion yuan (US$32 billion) last year, while the average daily turnover on Hong Kong's RMB Real Time Gross Settlement system increased 80% to 850 billion yuan (US$136 billion) in the ...
RMB may be alternative major currency for BRICS: expert
Post Date: 2015-02-26 23:39:53 by Tatarewicz
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Want... Expert says the Chinese renminbi could be an alternative currency to the US dollar for BRICS nations, reports China's Global Times. Jayshree Sengupta, a senior fellow at the Observatory Researcher Foundation, said recently that while considering the three-year China-Russia currency swap deal which was signed in 2014, the time will come when the US dollar is abandoned. As China now trades with all member nations of the South Asian Association for Regional Cooperation and the Association of Southeast Asian Nations, the renminbi should one day be powerful enough to match the dollar. Russia's Duma approved the deal to establish the New Development Bank, also called the BRICS ...
The Fed Exit Conundrum
Post Date: 2015-02-26 17:14:35 by BTP Holdings
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The Fed Exit Conundrum Thursday, 26 Feb 2015 07:13 AM By Tom Hutchinson “It’s easier to get into something than it is to get out of it.” The above phrase was uttered several years ago by former Defense Secretary Donald Rumsfeld regarding military intervention. But the phrase is just as true in terms of the Federal Reserve Bank’s large scale involvement in the economy. Since the last recession, the Fed has injected more than $4 trillion into the banking system with its quantitative easing programs (QE) and, at the same time, held interest rates to historic all time low levels for more than six years now. That was the easy part. The markets, and the general public ...
JPMorgan Needs a Culture Change
Post Date: 2015-02-26 17:11:24 by BTP Holdings
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JPMorgan Needs a Culture Change Brad Hoppmann | February 25, 2015 at 4:45 pm We know the big Wall Street banks are “Too Big to Fail.” Now we’re learning that JPMorgan Chase (JPM) may also be “Too Big to Manage.” This week, JPM finally admitted it has a problem. The bank has broken so many laws and regulations that it can no longer ignore the costs — which routinely add up to billions per year. Can CEO Jamie Dimon change the culture he created? He’d better, if he doesn’t want his empire chopped up into little pieces. *** JPM released its annual report this week and held an “Investor Day” event for its institutional shareholders and ...
SCANDAL OF 2015: YouÂ’ll Never Believe What Certain Big Business Insiders Get for FREE
Post Date: 2015-02-26 17:05:19 by BTP Holdings
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SCANDAL OF 2015: You’ll Never Believe What Certain Big Business Insiders Get for FREE This could become the front-page scandal of 2015. All the details haven’t been released yet, but what our investigation has already uncovered will shock you. “Many Big Business insiders are using little-known “loopholes” to hack the system,” says Doug Hill, the director of an independent research group called the Laissez Faire Club. Even though they have swathes of money, these insiders are getting what they want and need for free. They’re not spending a dime of their own. What types of free stuff? “It’s crazy,” continues Mr. Hill. “And I’d ...
THE COST OF NSA SPYING ON THE U.S. ECONOMY IS “INCALCULABLE”
Post Date: 2015-02-26 08:31:31 by Ada
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Spying Is Destroying the U.S. Economy We’ve thoroughly documented that unnecessary spying by the U.S. government is costing the American tech sector many billions of dollars … and the U.S. economy as a whole hundreds of billions of dollars. Things just got a lot worse … ZDNet notes today: China is no longer using high-profile US technology brands for state purchases, amid ongoing revelations about mass surveillance and hacking by the US government. A new report confirmed key brands, including Cisco, Apple, Intel, and McAfee — among others — have been dropped from the Chinese government’s list of authorized brands, a Reuters report said Wednesday. *** ...
Argentina arms deal is China's springboard to Latin America market
Post Date: 2015-02-26 05:19:56 by Tatarewicz
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Want... China's cooperation with Argentina on military technology could open new doors to the Latin American market, according to the UK's Jane's Defence Weekly. The report comes following the visit to Beijing by President Cristina Kirchner of Argentina at the start of the month, when the two countries agreed to create a working group to facilitate the transfer of a variety of military equipment. Based on a Feb. 5 communique, the two sides will cooperate on several fronts. In the naval sphere, China will reportedly manufacture a new icebreaker, new tugboats and new offshore patrol vessels for Argentina, the latter of which will probably be 1,800-ton P-18N corvettes. ...
The Day the ATMs Run Out…
Post Date: 2015-02-25 12:43:38 by christine
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Dear Diary, Please remember this warning when you go to the ATM to get cash… and there is none! While we were thinking about what was really going on with today’s strange new money system, a startling thought occurred to us. Our financial system could take a surprising and catastrophic twist that almost nobody imagines, let alone anticipates. Do you remember when a lethal tsunami hit the beaches of Southeast Asia, killing thousands of people and causing billions of dollars of damage? Well, just before the 80-foot wall of water slammed into the coast an odd thing happened: The water disappeared. The tide went out farther than anyone had ever seen before. Local fishermen ...
Prepare-We are at the Verge of Collapse Says Jonathan Cahn Author of Mystery of the Shemitah
Post Date: 2015-02-25 12:36:00 by christine
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Best-selling author of “The Harbinger,” Jonathan Cahn, is worried about America. Cahn, whose new book “Mystery of the Shemitah,” warns, “Everything is converging around this time (which is based on 7 year cycles). I believe we need to be ready, and that’s why I believe I had to write the ‘Mystery of the Shemitah.’ I believe a great shaking is coming. Whether it is in these parameters, or around these parameters, or after these parameters, a great shaking is coming to America and we need to be ready.” Cahn goes on to say, “I believe we have a house of cards. We had that in 2007 and 2008, and everything was wiped out, and we said now we are ...
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