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Latest Articles: Business/Finance
Trump is meeting with an ex-bank CEO who wants to abolish the Federal Reserve and return to the gold standard
Post Date: 2020-03-31 19:44:03 by BTP Holdings
11 Comments
Trump is meeting with an ex-bank CEO who wants to abolish the Federal Reserve and return to the gold standard Bob Bryan Nov 28, 2016, 11:05 AM President-elect Donald Trump. Mike Segar/Reuters As President-elect's Donald Trump's transition rolls on, more and more attention is being paid to possible selections for a variety of high-ranking positions and meetings that might help decide these appointments On Monday, Trump will meet with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute. There have been reports that Allison is being considered for Treasury secretary. Trump's has on the campaign trail questioned the future of ...
What's in your wallet?
Post Date: 2020-03-29 21:55:37 by Anthem
5 Comments
There ain't nuthin! Nuthin left in my wallet! WTF! Click for Full Text!
Mortgage Massacre Latest Casualty: $10 Billion m-REIT MFA Can’t Meet Margin Calls
Post Date: 2020-03-29 16:56:26 by BTP Holdings
0 Comments
Mortgage Massacre Latest Casualty: $10 Billion m-REIT MFA Can’t Meet Margin Calls March 25, 2020 First, its was AG Mortgage Investment Trust which on Friday said it failed to meet some margin calls and doesn’t expect to be able to meet future margin calls with its current financing. Then it was TPG RE Finance Trust which also hit a liquidity wall and could not repay its lenders. Then, on Monday it was first Invesco, then ED&F Man Capital, and now the mortgage mayhem that erupted as a daisy-chain of mortgage REITs suddenly imploded, has taken down MFA Financial, whose crashing stock was halted after the company reported that “due to the turmoil in the financial markets ...
Forced Liquidation
Post Date: 2020-03-28 09:15:44 by Ada
1 Comments
Historians of the future, pan-roasting fresh-caught June bugs over their campfires, may wonder when, exactly, was the moment when the financial world broke with reality. Was it when Nixon slammed the “gold window” shut? When “maestro” Alan Greenspan first bamboozled a Senate finance committee? When Pets.com face-planted 268 days after its IPO? When Ben Bernanke declared the housing bubble “contained?” If our reality is a world of human activity, then finance is now completely divorced from it for the obvious reason that, for now, there is no human activity. Everyone, except the doctors and nurses, and some government officials, is locked down. So, the only ...
It Suddenly Dawned on Me How To Deliver Really Bad News
Post Date: 2020-03-28 08:55:38 by Ada
2 Comments
I’m not sure I know how to break this news. At least not for a death this big. Oh, some big people have died in my lifetime. But we’re not talking about a death with the magnitude of the passing of The King (Elvis Presley), or the death of Old Blue Eyes (Frank Sinatra), or Billy Graham, the man who led many millions of Americans to the altar. This is much, much bigger. No, it’s a part of us that has died and awaits burial. I’m sorry, while we are all distracted with fear of the coronavirus, something much larger just passed from life to death. Nobody else will tell you. Certainly not the commentators on MSNBC, or CNN, or FOX NEWS. They are part of the propaganda and ...
The Economic Awakening Has Begun, The People Will Know Soon - Episode 2132a
Post Date: 2020-03-26 20:24:55 by BTP Holdings
0 Comments
Get economic collapse news throughout the day visit x22report.com Report date: 03.26.2020 The economic system is ready the people are ready to understand what is going to happen next. Trump will be shifting the economy, this was a wake up call for many, and now congress and business are on the same page as Trump. The old system is being run into the ground and the new system is emerging.
The Economic Disaster Media And Washington Haven’t Begun To Notice
Post Date: 2020-03-26 16:13:30 by BTP Holdings
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The Economic Disaster Media And Washington Haven’t Begun To Notice Just beyond -- and in the midst of -- the public health and financial liquidity crises is the expansive and potentially devastating solvency crisis. By Christopher Bedford March 23, 2020 The U.S. economy is in trouble, and if you can believe it, that trouble isn’t simply the closure of Main Street, the massive number of nationwide layoffs, and the danger of financial crisis we’ve all heard about. As companies run out of cash, pushing them toward insolvency, our country’s business-to-business trust is at risk of coming apart — tearing and ultimately collapsing the delicate system that keeps ...
A Brady Bond Solution for America’s Economic Crisis and Unpayable Corporate Debt
Post Date: 2020-03-26 08:17:30 by Ada
0 Comments
Even before the Covid-19 crisis had slashed stock prices nearly in half since it erupted in January, financial markets were in an inherently unstable condition. Years of quantitative easing had loaded so much money into stock and bond prices that stock price/earnings multiples and bond prices were far too high by any normal and reasonable historical standards. Risk premiums have disappeared, with only a few basis points separating U.S. Treasury bills and corporate bonds. The Fed’s Quantitative Easing since 2008 plus large companies using their earnings for stock buybacks drove the prices of financial assets into a realm of unreality. The result was that markets already were teetering ...
Bank of America Follows Media's Lead, Jumps the Gun and Tells Clients America Is in a Recession
Post Date: 2020-03-25 20:38:36 by BTP Holdings
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Bank of America Follows Media's Lead, Jumps the Gun and Tells Clients America Is in a Recession In Middle of COVID Panic, Bank of America Stokes More Fear With Outrageous Announcement Volume 90% By C. Douglas Golden Published March 23, 2020 at 12:33pm Is the economic news grim in these days of coronavirus? Absolutely. As of Monday morning, the Dow Jones futures had been down hundreds of points, and then up hundreds of points on the news the Federal Reserve was authorizing limitless asset purchases. That wasn’t good enough for some market watchers. “While the Fed’s actions are an enormous help, the only way the markets are going to find sustainable ...
Trump Ready, It’s Time To Move This Economy - Episode 2130a
Post Date: 2020-03-25 06:32:49 by BTP Holdings
0 Comments
Join the X22 Report On Steemit: https://steemit.com/@x22report Get economic collapse news throughout the day visit http://x22report.com Report date: 03.24.2020 The [CB] is continuing with their agenda. Push the global economy into a depression. This is the coverup. Trump is ready to turn the entire economic system around, he has the [CB] exactly where he wants them. They will be completely exposed when the system starts to come down.
Bank of America Follows Media's Lead, Jumps the Gun and Tells Clients America Is in a Recession
Post Date: 2020-03-24 23:40:38 by BTP Holdings
2 Comments
Bank of America Follows Media's Lead, Jumps the Gun and Tells Clients America Is in a Recession In Middle of COVID Panic, Bank of America Stokes More Fear With Outrageous Announcement Volume 90% By C. Douglas Golden Published March 23, 2020 at 12:33pm Is the economic news grim in these days of coronavirus? Absolutely. As of Monday morning, the Dow Jones futures had been down hundreds of points, and then up hundreds of points on the news the Federal Reserve was authorizing limitless asset purchases. That wasn’t good enough for some market watchers. “While the Fed’s actions are an enormous help, the only way the markets are going to find sustainable ...
Goldman Sachs says it is time to buy gold — the ‘currency of last resort’
Post Date: 2020-03-24 19:44:53 by Ada
1 Comments
The current coronavirus-induced economic and financial market turmoil is seemingly the perfect environment for gold. “We have long argued that gold is the currency of last resort, acting as a hedge against currency debasement when policy makers act to accommodate shocks such as the one being experienced now,” said analysts at Goldman Sachs led by Jeffrey Currie. Yet while the yellow metal GC00, 1.861% has done far better than other assets, it has slipped 2% over the last month. The Goldman analysts, with a 12-month price target of $1800 an ounce, said that is about to change, thanks to the Federal Reserve’s aggressive bond purchase plan unveiled on Monday, in which the ...
Mnuchin Warns Virus Could Yield 20 Percent Jobless Rate Without Action
Post Date: 2020-03-23 18:19:19 by BTP Holdings
2 Comments
Mnuchin Warns Virus Could Yield 20 Percent Jobless Rate Without Action Treasury Secretary Steven Mnuchin delivers remarks on the coronavirus relief package after the Senate Republican Policy luncheon in Washington on Tuesday. (Tom Williams/CQ Roll Call via AP Images) Tuesday, 17 March 2020 08:26 PM Treasury Secretary Steven Mnuchin raised the possibility with Republican senators that U.S. unemployment could rise to 20% without government intervention because of the impact of the coronavirus, according to people familiar with the matter. Mnuchin discussed the scenario with the lawmakers on Tuesday as he proposed an economic stimulus of $1 trillion or more. He told the senators that he ...
BofA Calls For “War-Time Measures”, Urges Near-Total Fed Takeover Of Capital Markets
Post Date: 2020-03-23 13:38:49 by BTP Holdings
1 Comments
BofA Calls For “War-Time Measures”, Urges Near-Total Fed Takeover Of Capital Markets March 23, 2020 from ZeroHedge: Last Sunday, when the Fed threw what appeared to be the kitchen sink at crashing markets, cutting rates to 0%, unveiling a $700BN QE (since expanded to include another $100BN in MBS), and enhancing G-5 central bank FX swap lines (since expanded to include numerous non-G5 banks), many wondered why the Fed withheld the one instrument considered critical in restoring market stability, preventing the commercial paper market from seizing up and preventing mutual fund runs, namely a commercial paper backstop facility. Then, just 48 hours later, the Fed did just that as ...
This Is Not A Recession. This Is A Government Imposed Shutdown Of The Private Sector.
Post Date: 2020-03-23 04:20:06 by Bill D Berger
2 Comments
Economists and Wall Street analysts are using the word recession to describe the looming plunge in output in the US economy. We’ll just make the point early that economists, exhibiting the typical emptiness of their failed science, can’t even agree on the definition of recession.Undeterred by lacking a definition, the geniuses at Goldman Sachs and elsewhere ion Wall Street are unrestrained in predicting the imminent arrival of the condition they can’t describe.As is always the case, people understand the condition that economists can’t even describe in theory. They understand the lost jobs and wages, the reduction in activity at the businesses where they work, fewer ...
Why is the (Gold) price falling?
Post Date: 2020-03-22 10:19:20 by Esso
0 Comments
Why is the price falling? In response to my update yesterday - Demand Shock: The Forces Behind Rising Premiums - many of you sought to know an answer to the question: why are prices falling if demand is so unprecedented? I will seek to explain below. To clarify, yesterday I wrote about premiums; today I am writing about “spot price.” What Is The Spot Price? The spot price of gold is the price of one ounce of gold as contained within 100 and 400-ounce gold bars traded on the commodities exchange at current market prices. For silver, it is the price of one ounce of silver as contained within a 1,000-ounce silver bar traded on the commodities exchange at current market prices. ...
Trump Just Revealed The New Economy Is Going To Be Incredible - Episode 2127a
Post Date: 2020-03-22 09:21:08 by BTP Holdings
0 Comments
Get economic collapse news throughout the day visit x22report.com Report date: 03.20.2020 Trump and the patriots are now moving forward with the new economy, removing all the road blocks shifting the entire world from a [CB] system to a people driven economy. He is removing regulations, taxes, etc. to help the everyday person. Trump revealed that the new economic system is going to be incredible.
Trump Just Revealed The New Economy Is Going To Be Incredible - Episode 2127a
Post Date: 2020-03-20 19:28:48 by BTP Holdings
0 Comments
Get economic collapse news throughout the day visit x22report.com Report date: 03.20.2020 Trump and the patriots are now moving forward with the new economy, removing all the road blocks shifting the entire world from a [CB] system to a people driven economy. He is removing regulations, taxes, etc. to help the everyday person. Trump revealed that the new economic system is going to be incredible.
Trump Just Dropped The Economic Hammer, It Has Begun - Episode 2125a
Post Date: 2020-03-19 14:31:58 by BTP Holdings
0 Comments
Get economic collapse news throughout the day visit x22report.com Report date:03.18.2020 The economic storm is here, the market continue to make huge swings down and up. China is losing the economic power as the US becomes stronger. The IRS does not want to extend the tax period, [CB] not controlled. Trump now unleashed the economic hammer, the economy is now turning.
Will Trump Defuse the Coming Debt Deflation Bomb?
Post Date: 2020-03-19 08:25:45 by Ada
0 Comments
Trillions in global debt could default, while the economic cleanup from COVID-19 could take much longer than anticipated. The mounting wreckage in the global economy as a result of the COVID-19 pandemic that began in Wuhan, China, is quickly surpassing the damage seen after the 2008 financial crisis. The good news of sorts is that the banking and payments system is strong and in no immediate danger of the sort of liquidity problems that brought the global economy to its knees more than a decade ago. The bad news is that just about every other major business is suffering from reduced sales volumes and activity levels. Many companies are being forced to lay off people and close ...
The Fed Has Sufficient Tools — To Wreck the Economy
Post Date: 2020-03-18 10:11:46 by Ada
0 Comments
n its emergency announcement on Sunday evening, the Fed assured us that it “is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.” The Fed put its (fiat) money where its mouth is by announcing a host of programs. It cut its target interest rate by 1% to zero and re-instituted quantitative easing, pledging to purchase $700 billion worth of Treasury securities and agency mortgage-backed securities over the coming months. This is in addition to $1.5 trillion of temporary overnight and term repurchase operations it announced two days ago. Separately, the Fed issued a ...
All Procedures In Place For The Economic Transition, Big Shift Coming - Episode 2124a
Post Date: 2020-03-18 07:46:51 by BTP Holdings
0 Comments
Get economic collapse news throughout the day visit x22report.com Report date: 03.17.2020 What we are witnessing is the great transition, the entire economic system is shifting, supply chains are changing, the push to remove and expose the [CB] is now in process. Trump and the patriots are helping as many business and people to get thru the transition, a big shift is coming, but in the end the economy is going to be amazing. Poster Comment:The banksters are the main problem. Kill the virus among us.
Limit Down!
Post Date: 2020-03-18 05:27:37 by Esso
4 Comments
Looks like it's gonna be another rough day in the markets. Oil's well below $30. That's good for us peons. That won't be allowed to stand. Oil wants to be ~$55-60/bbl. Enjoy it while you can. Poster Comment:Holy shit, this IS the zombie apocalypse!
Medical company threatens to sue volunteers that 3D-printed valves for life-saving coronavirus treatments
Post Date: 2020-03-17 23:06:01 by Anthem
1 Comments
A medical device manufacturer has threatened to sue a group of volunteers in Italy that 3D printed a valve used for life-saving coronavirus treatments. The valve typically costs about $11,000 from the medical device manufacturer, but the volunteers were able to print replicas for about $1 (via Techdirt). A hospital in Italy was in need of the valves after running out while treating patients for COVID-19. The hospital’s usual supplier said they could not make the valves in time to treat the patients, according to Metro. That launched a search for a way to 3D print a replica part, and Cristian Fracassi and Alessandro Ramaioli, who work at Italian startup Isinnova, offered their ...
Silver hits low of $11.30
Post Date: 2020-03-16 13:57:46 by Pinguinite
15 Comments
... as of today. Amazing. I thought going down to $14 oz would be a strong pullback. Of course I strongly doubt any physical silver could go that low. Is a decoupling event of paper to physical silver prices neigh?
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