Latest Articles: Business/Finance
9 Implications of China Paying in Gold Post Date: 2012-04-28 07:50:27 by Tatarewicz
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Dear CIGAs, The implications of China paying for Iranian oil in gold is the most important event in the modern history of gold: 1. It is reasonable to assume that China has been threatened with total or at least selective exclusion from the SWIFT system if it pays in any currency for Iranian oil. 2. Gold has been decided by China as the means of making payment for massive international purchases free of the SWIFT system. 3. Other Asian and Middle Eastern nations will now see the gold they hold as money free of Western economic interference. 4. Gold now is not only money free of liability, but also free from interference regarding settlement by the long arm of Western ...
For-Profit Colleges Swell Ranks of ALEC Members in 2011 Post Date: 2012-04-26 18:57:15 by tom007
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For-Profit Colleges Swell Ranks of ALEC Members in 2011 By karoli enlarge for-profit-college.jpeg If there's one thing everyone should understand about ALEC and its relationship to corporations, it's this: ALEC exists to enable these corporations to thrive, profit, and steal from the pockets of government and individuals alike. The organization is a machine that first creates a crisis and then purports to solve it. Here's a perfect example of how they work, via Republic Report: Republic Report has obtained a list of members of the ALEC Education Task Force as of July 2011, and it includes some of the largest players in the for-profit college industry: Washington Post ...
Capitalism is Dead and Creditism Killed it Post Date: 2012-04-24 05:24:14 by Tatarewicz
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Renowned author and esteemed economist Richard Duncan recently told MarketWatch that a new economic system has taken the place of the Capitalism... According to Duncan, the global economy faces cataclysmic crises in the wake of an emerging economy based on creditism rather than capitalism. Duncan said, The biggest impediment the world faces in overcoming this crisis is the broadly held misconception that we are operating in a capitalist system. Over the past 43 years, economies across the globe have undergone critical transformations. Here in America, the role of the Federal Reserve is largely responsible for many of these dynamic changes. The system of credit ...
Should You Sell in May and Go Away? Not So Fast... Post Date: 2012-04-24 05:14:08 by Tatarewicz
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If you're like a lot of investors, then you might be getting prepped to "sell in May and go away," shedding stocks in anticipation of the historical market-wide weakness that kicks in during the middle of the year. And the math supports this assumption. Every month from May through September registers, on average, the poorest performances for the year, with a couple of them likely to dole out a loss. But before you dump the bulk of your holdings -- especially your "Forever Stocks" -- out of fear of what might happen to them during a summertime lull, it pays to take a closer look at the numbers behind this old axiom. As it turns out, investors may be better off ...
Dutch Government Resigns Over Budget Crisis Post Date: 2012-04-23 20:00:31 by Esso
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THE HAGUE, Netherlands The Dutch government, one of the most vocal critics of European countries failing to rein in their budgets, quit Monday after failing to agree on a plan to bring its own deficit in line with EU rules. The government information service announced Queen Beatrix had accepted the resignation of Prime Minister Mark Rutte and his Cabinet after a meeting in which Rutte told her talks on a new austerity package had failed over the weekend. Rutte is to address parliament Tuesday to discuss interim measures to keep public finances in order and schedule new elections. No date for elections was immediately announced, but opposition lawmakers called for a vote as soon as ...
Shaky Economies Post Date: 2012-04-23 03:56:15 by Stephen Lendman
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Shaky Economies by Stephen Lendman Since 2009, an ocean of easy money saved American, EU, and Japanese economies from collapse. Never before historically did the world's largest central banks abandon reason and go "absolutely berserk," according to financial expert Martin Weiss. Earlier ones alone did it. Four is unprecedented and dangerously reckless. So far they're swimming above water together. Eventually they'll sink when "the money drug stops working." Diminishing returns eventually follow, then perhaps crashes when things spin out of control. Economic growth already is faltering. Lower or declining growth despite larger money infusions shows ...
Natural gas price may go to zero but investors can still make money Post Date: 2012-04-21 04:19:36 by Tatarewicz
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For example: Natural gas engine maker Westport (NASDAQ: WPRT) is up 40% in the past year to $32.00. I first recommended that stock in 2007 when it traded for $10.00, and again in 2010 at $14.00. Click for Full Text!
Bix Weir…”Take Down of the Federal Reserve System Begins” (wow, read this!) Post Date: 2012-04-19 18:31:07 by christine
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Someone emailed this to me, and I found it supportive of all the information coming out from Drake, David Wilcock, et al., about coming events. And he includes the video that was shown in this post. He added this in the email: Ive been knee deep in analysis lately but wanted to get this article out ASAP. Watch Ron Paul come back into the limelight chasing this issue down! All is on target and going according to plan. We are CLOSE to being free once again! Thanks to Bix Weir at www.RoadtoRoota.com. In an interview last weekend the Good Guy Insider gave a brief update on the pending take down of the Bad Guys. In this interview Drake said to expect something to ...
Defending the Indefensible Post Date: 2012-04-19 04:01:13 by Stephen Lendman
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Defending the Indefensible by Stephen Lendman Robert Shiller is Yale University Professor of Economics and Professor of Finance and Fellow at the International Center of Finance, Yale School of Management. He's best known perhaps for his 2000 book titled, "Irrational Exuberance." At the height of the tech bubble, he got it right predicting it would burst. His analysis included structural, cultural, and psychological factors. His 2005 second edition was right again. He explained the housing bubble and likely aftermath. It peaked in 2005, began declining in 2006, and hasn't yet hit bottom. Maybe a third edition will cover the next inevitable decline. When it comes, ...
Monetary policy...it all boils down to the "money" Post Date: 2012-04-18 11:00:13 by christine
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Monetary policy...it all boils down to the "money" April 16 2012 I wanted to write about "monetary policy" and break it down into its simplest form. This may bore some of you, if that is the case please try to read this from the standpoint of "how in the world did the populace allow this to happen?". In it's purest form, monetary policy either raises or lowers interest rates to act like a car's brakes or accelerator pedal. The raising or lowering of rates will cause banks to either lower their aggregate lending or increase it, which in turn will either lower or increase the money supply. Together with fiscal policy, presumably, our ...
Failure in Cartagena Post Date: 2012-04-18 03:35:50 by Stephen Lendman
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Failure in Cartagena by Stephen Lendman On April 14 and 15, Cartagena, Columbia hosted the Sixth Summit of the Americas (SOA). Obama came, participated, and left empty-handed. How different things were in three 1990s summits. James Petras calls the decade "the golden age of pillage." That was then. This is now. America's imperial arrogance makes more enemies than friends. It also weakens influence. Ravaging the world one country at a time doesn't help. Neither does bullying nations to go along or else. Summit theme this year was "Connecting the Americas: Partners for Prosperity." Latin American nations have different visions than Washington. They no longer ...
Nothing Left to Cut! California Spends $205,000 to Move $15 Shrub. Post Date: 2012-04-17 19:22:27 by farmfriend
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Nothing Left to Cut! California Spends $205,000 to Move $15 Shrub Tim Cavanaugh | April 16, 2012 Reeling from devastating budget cuts driven by austerity extremists, California in 2010 still managed to spend $205,075 to move a plant. The manzanita shrub was on a median strip near the Golden Gate Bridge, in the way of a highway project that was partially funded by the ARRA Stimulus. This is a true story. Here is the relevant passage from the Federal Register [pdf] in plain English, discovered by the eagle-eyed Thomas Cloud of CNS News: In October 2009, an ecologist identified a plant growing in a concrete- bound median strip along Doyle Drive in the Presidio as Arctostaphylos ...
Auto parts suppliers recommended investment by DR's Chris Mayer Post Date: 2012-04-17 00:59:06 by Tatarewicz
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Mario Gabelli, the famed investor behind Gamco, is one who gets it. I like the way Gabelli thinks, and I count him among my favorite investors. In the latest Barrons Roundtable, Gabelli hit on this theme: On a global basis, about 74 million cars will be sold in 2012, including 13.8 million in the US, reflecting a significant cyclical recovery. There are approximately a billion cars on the road around the world, including 240 million in the US. But the big growth will come from China, which had 8 million car sales in 2007 and will have 20 million in 2013. How can I make money on this? Well, all those cars need parts. Gabelli likes a trio of plays: Genuine Parts, Navistar and Dana ...
MAJOR EVENT: Liens Filed Against All 12 Federal Reserve Banks Post Date: 2012-04-14 11:38:36 by christine
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The next major milestone for Mass Arrests of the cabal has now arrived. Liens have now been filed against all twelve Federal Reserve banks. A Cease and Desist Order has also been filed -- to prevent the world's wealth from continuing to be stolen. PRELUDE TO THE MASS ARRESTS If you have been following this and certain other websites, then you have already heard the eyewitness testimony suggesting that thousands of conspirators in finance, media, defense, military, corporations and government are about to be arrested. The mass resignations of CEOs, worldwide -- now numbering well over 450 in the last few months alone -- is a tangible sign that a major event is anticipated within the ...
China's Ghost Cities Post Date: 2012-04-13 10:15:51 by Jethro Tull
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Poster Comment:Have some fun and Google China's Ghost Cities. It appears the government directed investment and credit booms (can anyone say FMae and FMac?) have gone too far and that much slower growth, or even a property crash awaits the world's No. 2 economy. Should this property crash happen, the US bond market can say good bye to Chinese buyers and that will cause a tsunami-like ripple effect that will crush our economy. Let me leave you with this sad, but I believe honest, assessment of our future; today, we are breathing in the last breaths of free air. Once the inevitable global collapse comes, life as we knew it will vanish as quickly as Satan can flick his ...
EL-ERIAN: Here's Why Central Banks Can't Save The Economy Post Date: 2012-04-12 11:52:26 by Ada
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PIMCO's Mohamed El-Erian was chosen to give the Homer Jones Memorial Lecture in front of the Federal Reserve Bank of St. Louis yesterday, an important distinction given to some of the country's most notable economists. His topic of choice? Central banksspecifically the Fed, the European Central Bank, and the Bank of Englandare losing power over the economy, and fast. While El-Erian credits central banks with saving the world from two global depressions, they are at the limits of their powers to restart global growth. Further, that is a task they should not be responsible for anyway: Having succeeded in sharply curtailing the catastrophic risk of a global depression, ...
How a 17-Year-Old Girl's Suicide Attempt Changed Everything You Knew About Investing Post Date: 2012-04-12 04:49:02 by Tatarewicz
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This story will surprise even the most seasoned investor... and could lead to the most-important investing trend since the Industrial Revolution Dear Reader, After working 12-hour days for a month, Tian Yu still had not received her salary card. Totally broke, exhausted and frustrated... she climbed to the fourth floor of her dormitory and jumped. Unknown to anyone, the 17-year-old changed the world economy forever when she took that desperate leap. Ms. Yu didnt die, like she had hoped. But 18-year-old Ma Diangqian did. And so did 16 other Chinese citizens whove taken these drastic leaps. In communist China, suicide is considered a crime against the state. Its the ...
Forget the U.S., Invest in Brazil's Housing Recovery Instead... Post Date: 2012-04-11 01:37:56 by Tatarewicz
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While investors have begun to prep for a rebound in the U.S. housing market -- the PHLX Housing Sector Index has risen 50% in the past six months -- they may be early to the party. So many homes still in the process of foreclosure have yet to hit the market, and this "shadow inventory" could impede any rebound in home prices for quite some time to come. Meanwhile, far to our south in Brazil, a more moderate housing downturn has played out. A crucial distinction: Brazil doesn't need to work through the same foreclosure process because mortgage-lending standards were stricter while a bubble was underway. And Brazilian housing surely had a bubble. Homebuilders constructed too ...
Jim Rogers: Buy China Now Post Date: 2012-04-11 01:23:51 by Tatarewicz
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If you thought that China was a threat in the global economic race, it's looking like the world's largest nation is reloading. And this time with a little motivation from one of the world's top international investors: Jim Rogers. Roger's believes that the Chinese housing bubble has already burst. "There has been a bubble in the Chinese property market which is now over," Rogers told China Daily. "The Chinese government has been trying to burst the bubble. I think the government is doing the right thing to bring down the price of property. If you do not pop bubbles, lots of people get badly hurt. The bigger the bubble gets, the worse it is for ...
Why Obama's JOBS Act Couldn't Suck Worse Post Date: 2012-04-10 10:49:00 by Ada
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Boy, do I feel like an idiot. I've been out there on radio and TV in the last few months saying that I thought there was a chance Barack Obama was listening to the popular anger against Wall Street that drove the Occupy movement, that decisions like putting a for-real law enforcement guy like New York AG Eric Schneiderman in charge of a mortgage fraud task force meant he was at least willing to pay lip service to public outrage against the banks. Then the JOBS Act happened. The "Jumpstart Our Business Startups Act" (in addition to everything else, the Act has an annoying, redundant title) will very nearly legalize fraud in the stock market. In fact, one could say this law ...
Wells Fargo Slapped With $3.1 Million Fine For 'Reprehensible' Handling Of One Mortgage Post Date: 2012-04-09 16:00:29 by tom007
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Wells Fargo Slapped With $3.1 Million Fine For 'Reprehensible' Handling Of One Mortgage Posted: 04/ 9/2012 2:57 pm Share on Google+ 16 8 0 3 8 Get Business Alerts: Sign Up Follow: Foreclosure Crisis, Foreclosure Crisis, Bankruptcy , Foreclosure Crisis, Video, Elizabeth Magner, Wells Fargo, Mortgage Servicers, Servicing Abuses, Business News Wells Fargo Foreclosure Protesters Mark The 160th Year Of Wells Fargo With Satirical Birthday Party A federal judge who has fiercely criticized how big banks service home loans is fed up with Wells Fargo. In a scathing opinion issued last week, Elizabeth Magner, a federal bankruptcy judge in the Eastern District of Louisiana, characterized as ...
PRUF LED Moving Manufacturing from China to Texas Post Date: 2012-04-09 04:15:26 by Tatarewicz
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According to KXXV TV in Waco, Texas, PRUF LED, a manufacturer of industrial sized LED lights, has decided to move manufacturing jobs from China to a new facility in Robinson, Texas, near Waco, in a reverse of the usual pattern. Why the move back to the U.S.? PRUF LED founder and Chairman Greg Klepper says he would like to conduct as much manufacturing within the U.S. as possible and that he is excited to do his bit to revitalize the economy around Waco by hiring American workers. He also touted the quality of the workforce in the area. The decision might also have to do with the business friendly government in Texas that has attracted businesses from other parts of the U.S. According ...
My Retirement Plans Post Date: 2012-04-08 20:38:47 by Hmmmmm
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I have two retirement plans. The first one involves putting money into CDs, Treasury Bills, Savings Bonds, and buying gold and silver. I don't much like the idea of the T-Bills and the Savings Bonds, since the government uses them to fund the federal deficit, but both pay higher interest rates than CDs, which these days are right around two percent per year. Gold and silver always keep their value. Let's put it this way: a good suit of clothes during the Roman Empire cost an ounce of gold. Today, a good suit of clothes cost an ounce of gold. I can't think of anything else that's held its value like precious metals. My second retirement plan involves a shopping cart I found ...
Canada diversifying oil export markets even as US imports grow Post Date: 2012-04-06 04:19:25 by Tatarewicz
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US Crude Oil Imports: Top 15 Countries (Thousand Barrels per Day) Country Sept-11 Aug-11 YTD 2011 Sept-10 YTD 2010 CANADA 2,324 2,240 2,157 1,937 1,971 SAUDI ARABIA 1,465 1,075 1,180 1,082 1,072 MEXICO 1,099 1,150 1,113 1,108 1,132 VENEZUELA 759 806 893 919 928 NIGERIA 529 854 826 1,107 1,018 COLOMBIA 510 365 364 308 328 IRAQ 403 637 473 422 464 ECUADOR 299 303 203 229 215 ANGOLA 283 311 323 404 413 RUSSIA 275 252 246 286 295 BRAZIL 163 213 225 177 270 KUWAIT 145 165 164 172 204 ALGERIA 139 140 204 366 337 CHAD 74 32 54 30 14 OMAN 72 52 39 0 0 We import almost twice as much oil from Canada as we do from Saudi Arabia. We don't even have to go to war halfway around the world to ensure ...
South Carolina Approves Gold and Silver as Money Post Date: 2012-04-06 01:54:40 by Tatarewicz
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Back in February, CNN reported on the growing allure of the shiny new currencies made of silver and gold" as over a dozen states across the nation contemplated an alternative currency. Fast forward two months into present day and the South Carolina House has given the go ahead to use gold and silver as real money. As local and state economies attempt to ward off devastating fiscal disasters amidst the plummeting value of the dollar, lawmakers in states all over the country are considering passing laws that would make gold and silver legal forms of currency. Last year, Utah led this movement by becoming the very first state in the United States of America to officially ...
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