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Latest Articles: Business/Finance
Cash Economy in Wake of Sandy
Post Date: 2012-11-06 08:01:24 by Ada
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“We see a lot of activity…because everything reverts to pretty much a cash economy,” said John Garbarino, chief executive of OceanFirst Bank of Toms River, N.J regarding the squalor in the Sandy-affected region. “It’s like the tide and the full moon. Our branches are very busy.” Executive at banks all over the affected region have referred to the demand for cash. Some banks are operating without power. In order to keep track of transactions, the bank has been forced to use ledgers and keep records of withdrawals with written checks carrying customer and account information. Withdrawals at many branches are being capped at $500, according to WSJ. Of course, ...
Stock Gumshoe analizes Dr.'s income stacking program
Post Date: 2012-11-06 01:44:29 by Tatarewicz
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n you really “Create Extra Paychecks Month After Month Thanks to the ‘MCR Plan?’” (Leeb) Figuring out the "Income Stacking" picks teased by Stephen Leeb's Complete Investor I haven’t written about any teasers from Dr. Stephen Leeb lately, but this one caught my eye — he’s got not only a made up term for an investment (the “MCR Plan”), but also a made-up term for how you’ll profit from it (“Income Stacking”). So the great readers of Gumshoedom have asked for answers, and we’ll try to provide them. First, a wee look at the pitch “An overheard conversation leads a man to discover a secret society of ...
J.P. Morgan's Food Stamp Monopoly: The More Americans That Fall Into Poverty The More Money Jamie Dimon Makes J.P. Morgan's Food Stamp Monopoly: The More Americans That Fall Into Poverty The More Money Jamie Dimon Makes
Post Date: 2012-11-05 16:38:29 by tom007
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J.P. Morgan's Food Stamp Monopoly: The More Americans That Fall Into Poverty The More Money Jamie Dimon Makes How J.P. Morgan gets rich with increased food stamp usage: Just start listening. Max Keiser on J.P. Morgan's poverty business. JPM's Food Stamp Monopoly JP Morgan is the largest processor of food stamp benefits in the United States. JP Morgan has contracted to provide food stamp debit cards in 26 U.S. states and the District of Columbia. JP Morgan is paid for each case that it handles, so that means that the more Americans that go on food stamps, the more profits JP Morgan makes. Yes, you read that correctly. In the video posted above, JP Morgan executive ...
192 million "paper" ounces sold on COMEX within 10 minutes
Post Date: 2012-11-04 13:30:45 by Buzzard
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Poster Comment:The boys dumped over 5 tons of silver and the price only dropped a couple of dollars per ounce. For those of us who accumulate (the physical metals) on dips, it worked out well.
Trick or Treat Jobs Report
Post Date: 2012-11-03 14:36:55 by Stephen Lendman
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Trick or Treat Jobs Report by Stephen Lendman Friday's headline number belies dire economic reality. Main Street's in protracted Depression. Nearly 25 million Americans are jobless. Real unemployment approaches 23%. On November 6, Americans vote. Neither candidate proposed ways to create jobs. Obama's done more to destroy them than create them. More on that below. Hours worked and income gains were missing in Friday's report. Average weekly hours for production and nonsupervisory workers declined 0.3%. Weekly manufacturing hours dropped by the same amount. So did average weekly earnings. Aggregate weekly hours represents total labor input. It edged up a meager 0.1% for ...
Jim Rogers Says Buy Russia
Post Date: 2012-11-01 05:53:55 by Tatarewicz
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Since this past May, the esteemed investment advisor and international investor Jim Rogers has urged investors to invest in countries with well-managed commodities. Additionally, he has repeatedly warned of the heavy-risk associated with investing in Western nations with a recent history of poor debt management – especially the U.S. until we resolve the fiscal cliff debacle. Then in September, Rogers took a bold stance on Russia, of all places. It was Russia's cheap stock market and two-decade low inflation rate that first attracted Rogers. A couple of days ago, Rogers focused on Russia's abundant natural resources when giving investors incentive to invest there. According ...
Let the Markets Clear!
Post Date: 2012-10-30 09:54:42 by Ada
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French businessman and economist Jean-Baptiste Say is credited with identifying the fundamental economic principle that aggregate demand for goods in an economy will equal the aggregate supply of goods when markets are permitted to operate. Or in Say’s words, “products are paid for with products.” English classical economist David Ricardo, among others, more fully developed this principle into what has become known as “Say’s Law.” Say’s Law, according to Ricardo, leads us to understand that market equilibrium for goods is constant. This simply means that markets, when left alone by government planners or other fraudulent actors, inexorably tend toward ...
UBS to slash 10,000 jobs in fixed income exit
Post Date: 2012-10-30 05:30:10 by freepatriot32
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ZURICH (Reuters) - UBS unveiled plans to wind down its fixed income business and fire 10,000 bankers in one of the biggest bonfires of finance jobs since the implosion of Lehman Brothers in 2008. The move will focus the Zurich-based lender and wealth manager around its private bank and a smaller investment bank, ditching much of the trading business that saw it lose $50 billion in the financial crisis and one suspected rogue trader lose $2.3 billion last year. Chief Executive Sergio Ermotti, a former Merrill Lynch banker who took over after the trading scandal, is spearheading the three-year investment banking overhaul that is aimed at saving 3.4 billion Swiss francs ($3.63 billion), on ...
The Virtual Recovery
Post Date: 2012-10-29 10:50:50 by Ada
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Since mid-2009 the US has been enjoying a virtual recovery courtesy of a rigged inflation measure that understates inflation. The financial Presstitutes spoon out the government’s propaganda that prices are rising less than 2%. But anyone who purchases food, fuel, medical care or anything else knows that low inflation is no more real that Saddam Hussein’s weapons of mass destruction or Gadhafi’s alleged attacks on Libyan protesters or Iran’s nuclear weapons. Everything is a lie to serve the power-brokers. During the Clinton administration, Republican economists pushed through a change in the way the CPI is measured in order to save money by depriving Social Security ...
Asian economies turn to yuan
Post Date: 2012-10-29 02:24:38 by Tatarewicz
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A "renminbi bloc" has been formed in East Asia, as nations in the region abandon the US dollar and peg their currency to the Chinese yuan — a major signal of China's successful bid to internationalize its currency, a research report has said. The Peterson Institute for International Economics, or PIIE, said in its latest research that China has moved closer to its long-term goal for the renminbi to become a global reserve currency. Since the global financial crisis, the report said, more and more nations, especially emerging economies, see the yuan as the main reference currency when setting their exchange rate. And now seven out of 10 economies in the region — ...
Moody's warns it may put top Canadian banks on downgrade watch
Post Date: 2012-10-27 23:54:31 by Tatarewicz
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Moody’s Investors Service has warned that it could slash the credit ratings of five top Canadian banks as the country is increasingly feeling the pinch of global financial crisis. The rating agency said on Friday that the possible lowering of the banks’ rating by one notch is due to “concerns about high consumer debt levels and elevated housing prices.” According to fresh official figures, Canadian consumer debt has increased to record highs in recent months as the ratio of household debt-to-income reached 163.4 percent in the second quarter of 2012, up from 161.8 percent in the first quarter. “Domestically, we're concerned about the high and increasing ...
Major Banks, Governmental Officials and Their Comrade Capitalists Targets of Spire Law Group, LLP's Racketeering and Money Laundering Lawsuit Seeking Return of $43 Trillion to the United States Treasury
Post Date: 2012-10-27 19:03:34 by noone222
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NEW YORK, Oct. 25, 2012 /PRNewswire/ -- Spire Law Group, LLP's national home owners' lawsuit, pending in the venue where the "Banksters" control their $43 trillion racketeering scheme (New York) – known as the largest money laundering and racketeering lawsuit in United States History and identifying $43 trillion ($43,000,000,000,000.00) of laundered money by the "Banksters" and their U.S. racketeering partners and joint venturers – now pinpoints the identities of the key racketeering partners of the "Banksters" located in the highest offices of government and acting for their own self-interests. In connection with the federal lawsuit now ...
Is Uranium the Best Investment Right Now?
Post Date: 2012-10-26 05:56:26 by Tatarewicz
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Under the terms of the 1993 government-to-government nuclear non-proliferation agreement (Megatons to Megawatts program), the United States and Russia agreed to commercially implement a 20 year program to convert 500 metric tons of HEU (uranium 235 enriched to 90 percent) taken from Soviet era warheads, into LEU, low enriched uranium (less than 5 percent uranium 235). To date 463.5 metric tons of bomb-grade HEU have been recycled into 13,345 metric tons of LEU - enough material to produce fuel to power the entire United States for about two years. Overall, the blending down of 500 tonnes of Russian weapons HEU will result in about 15,000 tonnes of LEU over the 20 year lifespan of the ...
WHO STOLE THE AMERICAN DREAM
Post Date: 2012-10-25 14:32:24 by HOUNDDAWG
3 Comments
Understanding this video begins with an understanding of The Lewis Powell Memorandum I can't remember when I've enjoyed a discussion more. "How come Germany can compete in the global market and raise wages five times faster than the US?"
The Dark Age of Money
Post Date: 2012-10-25 06:32:21 by Kamala
1 Comments
October 24, 2012 Share on facebook Share on twitter Share on google More Sharing Services 59 Milton Friedman and the Rise of Monetary Fascism The Dark Age of Money by JAMES C. KENNEDY If you often wonder why ‘free market capitalism’ feels like it is failing despite universal assurances from economists and political pundits that it is working as intended, your intuition is correct. Free market capitalism has become a thing of the past. In truth free market capitalism has been replaced by something that is truly anti-free market and anti-capitalistic. The diversion operates in plain sight. Beginning sometime around 1970 the U.S. and most of the ‘free world’ have ...
Is Malaysia the Next Boom?
Post Date: 2012-10-24 04:40:37 by Tatarewicz
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China and Singapore built their competitive edges in the global economy through manufacturing goods for more developed nations. Now the workforces in both countries are facing the same problem Americans faced as jobs moved overseas. Costs, shipping distances and regulations are increasingly pushing companies to move into Malaysia. Iskandar, an 850 square mile zone, is just across a narrow strip of water from Singapore. Malaysia is pushing its many advantages for factories looking to relocate. Land prices are far lower and electricity costs are about half of Singapore's rates. Tax incentives are also abundant. Singapore has shifted to high-wage, high-skill manufacturing, along ...
Are all Agora & Stansberry newsletters pure scams?
Post Date: 2012-10-24 04:13:01 by Tatarewicz
1 Comments
”Pump & Dump” schemes for Penny Stocks are proliferating through ”fear & greed” Newsletters. Question: Are all Agora & Stansberry newsletters pure scams? Do they all accept payment for touting penny stocks? What about PENNY STOCK RESEARCH (free) by Gordon Lewis? Is that unbiased? Are all newsletters that DO accept payment for touting stocks REQUIRED to state the conflict of interest in a disclaimer? Victim of recent Pump & Dumps: TAGG, PRTN, SNPK, SOPV, XCLL, WTFSE. Small money, but near total losses. The Agora and Stansberry newsletters (Stansberry is an Agora affiliate, as are Money Map Press and the Oxford Club and a dozen others) are not scams in ...
55 Facts About the Debt and Government Finances That Every Voter Should Know
Post Date: 2012-10-23 07:21:14 by Tatarewicz
4 Comments
The future of the United States of America is being systematically destroyed by our politicians, but unfortunately most Americans don't really grasp exactly what is happening... 30 years ago, our national debt had just crossed the one trillion dollar mark. Just recently, it crossed the 16 trillion dollar mark. Prior to every election, politicians from both parties swear up and down that they will do something about our exploding debt, but it never happens. Once again this year, our politicians are making all kinds of grand promises about getting U.S. government finances under control. But they are also promising all kinds of new plans and programs which are going to cost a lot more ...
The Economic Singularity
Post Date: 2012-10-23 06:24:46 by Tatarewicz
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Singularity was originally a mathematical term for a point at which an equation has no solution. In physics, it was proven that a large enough collapsing star would eventually become a black hole so dense that its own gravity would cause a singularity in the fabric of spacetime, a point where many standard physics equations suddenly have no solution. Beyond the “event horizon” of the black hole, the models no longer work. In general relativity, an event horizon is the boundary in spacetime beyond which events cannot affect an outside observer. In a black hole it is “the point of no return,” i.e., the point at which the gravitational pull becomes so great that nothing ...
Stock Gumshoe analyzes biotech tout
Post Date: 2012-10-20 03:09:47 by Tatarewicz
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One tiny drug company … we think is the ‘surest thing’ we’ve ever found…” (Money Map Passport Club Teaser) Sniffing out the urgent (October 17 catalyst event) Money Map biotech teaser for their "Passport Club" Posted on October 16, 2012 by Travis Johnson, Stock Gumshoe “Why I’m Ready to Place a $2,450 “Bet” on Your Behalf… “Given what we’ve learned about one tiny drug company – and the documented 82% success rate within the category of drug it’s developed – we think this is the “surest thing” we’ve ever found… “How this ‘wager’ could make you thousands of dollars ...
Exxon seeks to quit flagship Iraq oil project
Post Date: 2012-10-20 01:42:20 by Tatarewicz
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LONDON/WASHINGTON (Reuters) - Exxon Mobil wants to leave its giant oilfield project in southern Iraq, diplomatic sources said, in a move likely to aggravate the country's internal tensions and hamper Baghdad's ambitious energy expansion plans. The desire of the world's largest publicly traded oil company to quit was due to prospects of slim profits from the estimated $50 billion West Qurna-1 project, the sources said. An exit from the project would contrast with a deal Exxon signed a year ago to explore in Iraq's autonomous northern Kurdish region, where incentives are better. Baghdad deemed the Kurdish deal illegal and promised to punish Exxon by ripping up its contract ...
Buy Walnuts!
Post Date: 2012-10-19 05:57:21 by Tatarewicz
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Juglans nigra vs. debitis gubernationis. The former produces nuts; the latter is produced by nuts. In today’s musing we compare black walnut trees to government bonds. This clever comparison springs from the mind of James Grant, editor of Grant’s Interest Rate Observer. But we will not simply paraphrase Grant’s thoughts on the topic, we’ll add a couple more of our own...for better or worse. Juglans nigra is a tree, of course, but it is also an investment. In fact, from Grant’s perspective, it is a far better investment than debitis gubernationis. Admittedly, growing Black Walnut trees is a very non-traditional investment. But we inhabit very non-traditional ...
Hong Kong eliminating double taxation for Malaysia and Mexico investors
Post Date: 2012-10-19 03:26:18 by Tatarewicz
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HONG KONG, Oct. 19 (Xinhua) -- Hong Kong gazetted on Friday two orders that implement the agreements with Malaysia and Mexico for the avoidance of double taxation. "The Comprehensive Agreements for the Avoidance of Double Taxation (CDTAs) ensure that investors will not have to pay tax twice on a single source of income," a spokesman for the Hong Kong government said. "In simple terms, the CDTAs will bring tax savings and a higher degree of certainty on taxation liabilities for investors from the respective places when they engage in trade and investment activities with Hong Kong," he said. The orders will be tabled at the city's Legislative Council on Oct. 24 for ...
Canadian mining giant refuses to renegotiate investment deal with Mongolia
Post Date: 2012-10-16 05:58:03 by Tatarewicz
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ULAN BATOR, Oct. 16 (Xinhua) -- Canadian mining giant Turquoise Hill Resources has refused a request by the Mongolian government to renegotiate an agreement on the company's investment in a Mongolian copper-gold mine, local media reported Tuesday. Turquoise Hill turned down the request together with Rio Tinto, the majority stake holder of the Canadian company. Kay Priestly, CEO of the company, said he hoped the Mongolian government could honor the "legally-binding document." According to the agreement signed in October 2009, Turquoise Hill obtains 66 percent of the Oyu Tolgoi copper-gold mine, one of the world's largest of its kind, and the Mongolian government owns ...
Stock Gumshoe assesses quick charge electric car battery invesments
Post Date: 2012-10-14 04:38:47 by Tatarewicz
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"New Blood Vessel Battery charges electric cars in only 60 seconds” Sniffing out some Alex Cowie picks from Diggers and Drillers Posted on October 10, 2012 by Travis Johnson, Stock Gumshoe “What if you could get 20+ hour charge times for electric vehicles down to less than one minute? “Four Koreans just found a way to do exactly that. “And a new ‘clean-tech’ boom has started… “It’s already sent one American stock soaring 55% in five days, between September 7 and September 12. Another went up 117% in 3 trading sessions. “I calculate that two more ASX-listed companies are set to follow. “Read on for a breaking story from clean ...
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