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Latest Articles: Business/Finance
Boeing’s 737 Max Software Was Outsourced to $9-an-Hour Street-Shitting Engineers
Post Date: 2019-06-30 05:21:51 by Ada
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This is not the type of individual who you want programming code for software used to control an aircraft. One of the biggest aviation related stories in the past several months have been the crashes of two Boeing 737 Max planes. The crashes forced a mass grounding of the plane model. At first these crashes were assumed to be largely the result of the racially diverse pilot crews. After all, it was an Ethiopian Airlines flight and a Lion Air flight that crashed. Ethiopian Airlines is the state-run airliner of Ethiopia and Lion Air is a low cost Indonesian airliner. While pilot error may have certainly contributed to these crashes, it looks like software problems may have also played a ...
Russia, China sign deal on national currency payments: Newspaper
Post Date: 2019-06-30 02:20:05 by Tatarewicz
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PressTV... A Russian newspaper has revealed that senior authorities from Russia and China have signed an agreement to ditch US dollar and other major international currencies in mutual trade and instead use their own national currencies. The Izvestiya newspaper said on Friday that the agreement had been signed earlier in June between Russian Finance Minister Anton Siluanov and Chinese People's Bank Governor Yi Gang. The report said the agreement was a first practical step for the two countries to switch to national currencies in mutual payments. Chairman of the Russian lower house’s Committee on Financial Market, Anatoly Aksakov, told Izvestiya that Moscow and Beijing were ...
Could a Cryptocurrency Become a Global Reserve Currency?
Post Date: 2019-06-28 08:19:46 by Ada
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Will bitcoin appear on this chart of global reserve currencies in the future? Could a non-state cryptocurrency like bitcoin become a global reserve currency? I first proposed the idea back in November 2013, long before bitcoin's rise to $19,000, decline to $3,200, recent ascent to $13,000 and current retrace. The idea is intriguing on a number of levels. In terms of retaining value though thick and thin, the ultimate reserve currency cannot be printed (and thus devalued) with abandon by a government. Gold and silver have served as the ultimate reserve currency, as precious metals can be traded for commodities and services, provide collateral for debt and serve as reliable stores of ...
US shale an 'unmitigated disaster' with industry hundreds of billions in debt - shale pioneer
Post Date: 2019-06-25 10:07:04 by Ada
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Fracking has been an “unmitigated disaster” for shale companies themselves, according to a prominent former shale executive. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions,” Steve Schlotterbeck, former chief executive of EQT, a shale gas giant, said at a petrochemicals conference in Pittsburgh. “In fact, I'm not aware of another case of a disruptive technological change that has done so much harm to the industry that created the change.” He did not pull any punches. “While hundreds of billions of dollars of benefits have accrued to hundreds ...
Bitcoin is Back – As a Safe Haven Asset
Post Date: 2019-06-24 10:23:40 by Ada
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Back during the cryptocurrency mania of 2017 I explored Bitcoin as a foundational asset of a different monetary system. Built on blockchain I put together a crude crypto-version of Exter’s Pyramid to visualize this. Today with Bitcoin soaring past $11,000 we may be entering a new mania phase but this time for completely different reasons than in 2017-18. However, before I get started, let’s review what Exter’s Pyramid is and why Bitcoin, necessarily, today sits at the bottom of it in the crypto-space. John Exter visualized the global financial system as an upside down pyramid. Click for Full Text!
SYRIA Analysis, DEBT ELIMINATION Strategies: Epic Jordan Goodman Interview!
Post Date: 2019-06-22 20:05:14 by BTP Holdings
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Israel's chip sales to China jump as Intel expands
Post Date: 2019-06-18 04:16:15 by Tatarewicz
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Semiconductor exports to China up 80 percent, most produced by Intel's Kiryat Gat plant; Jerusalem pushing for deeper trade ties with Beijing, now its second-largest export market Israel's exports of computer chips to China soared last year as Chinese companies bought more semiconductors made at Intel's Kiryat Gat plant. An official at the Israel Export Institute told Reuters that new data showed semiconductor exports to China jumped 80 percent last year to $2.6 billion. An industry source said that Intel Israel accounted for at least 80 percent of those sales. Prime Minister Benjamin Netanyahu with Chinese President Xi Jinping (Photo: AFP) (Photo: AFP) Prime Minister ...
Trump Warns of Epic Stock Market Crash If He's Not Re-Elected
Post Date: 2019-06-15 20:37:12 by BTP Holdings
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Trump Warns of Epic Stock Market Crash If He's Not Re-Elected Ros Krasny 8 hrs ago © Photographer: Chip Somodevilla/Getty Images North America WASHINGTON, DC - MAY 22: U.S. President Donald Trump pretends to make a phone call while speaking about Robert Mueller's investigation into Russian interference in the 2016 presidential election in the Rose Garden at the White House May 22, 2019 in Washington, DC. Trump responded to House Speaker Nancy Pelosi saying he was engaged in a cover up. (Photo by Chip Somodevilla/Getty Images) (Bloomberg) -- President Donald Trump, gearing up for the official start of his 2020 campaign, warned that the U.S. would face an epic stock ...
Kudlow: US to Maintain 3% Growth Even Without China Pact
Post Date: 2019-06-12 21:51:22 by BTP Holdings
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Kudlow: US to Maintain 3% Growth Even Without China Pact By Newsmax Finance Staff | Tuesday, 11 June 2019 02:25 PM White House economic adviser Larry Kudlow predicts the U.S. economy will maintain 3% pace even without a China trade deal. “The U.S. economy is very strong,” the veteran financial guru and former Ronald Reagan adviser told CNBC. “I think we’re in pretty good shape and I think we’ll maintain a 3% growth pace this year,” said Kudlow, who served as the Trump campaign's senior economic adviser. The economy grew at a 3.1% pace in the first quarter. “That 3% number is not contingent on a China deal that might not be satisfactory for ...
Global Tax System To Enslave Billions of People
Post Date: 2019-06-09 00:47:05 by Tatarewicz
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First they begin with the corporations who rationally avoid taxes any way they can...then they apply that to the citizens of the world: The new rules would mean higher tax burdens for large multinational firms but would also make it harder for countries like Ireland to attract foreign direct investment with the promise of ultra-low corporate tax rates. “We welcome the recent progress on addressing the tax challenges arising from digitization and endorse the ambitious program that consists of a two-pillar approach,” the draft communique said. “We will redouble our efforts for a consensus-based solution with a final report by 2020.” Britain and France have been among ...
China’s Bank of Kunlun Resumes Operations in Iran
Post Date: 2019-06-07 00:44:23 by Tatarewicz
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TEHRAN (FNA)- China’s Bank of Kunlun has revived operations in Iran, Vice Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Pedram Soltani tweeted on Thursday. In a post on his Twitter account, Soltani wrote, “China’s Bank of Kunlun has announced that it will continue its banking transactions with the Islamic Republic of Iran by the end of the current year in 2019 only using Chinese unit of currency ‘yuan’ and with full observation of US sanctions with regard to the goods, real and legal entities, transport companies and bank.” China’s Bank of Kunlun is the only Chinese bank that cooperates with the Islamic Republic of ...
Shanghai launches world's largest hydrogen-car fueling station
Post Date: 2019-06-06 06:59:10 by Tatarewicz
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(ECNS) -- The world's largest hydrogen station to charge hydrogen-fueled cars was unveiled on Wednesday in the chemical industry zone in Shanghai, China's economic powerhouse. The megastation covers 8,000 square meters and can supply more than two tons of hydrogen each day. With a high energy conversion efficiency and zero emissions, hydrogen fuel cells are regarded as one of the main developmental directions of the new energy automobile industry. Shanghai launched the hydrogen vehicle sector earlier in China, rolling out a research and commercialization plan in 2013. The city has made progress in key technologies and expanding its industrial scale since then. The Shanghai ...
US making Germany cancel pipeline project with Russia: Analyst
Post Date: 2019-05-31 18:38:30 by Tatarewicz
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PressTV... The United States is pressuring Germany to cancel a multi-billion dollar pipeline project with Russia so that Washington can keep controlling “world commerce,” says a political analyst. E Michael Jones, the current editor of Culture Wars magazine, made the comments in an interview when asked about US Secretary of State Mike Pompeo's visit to Germany as part of a four-nation European trip. “The Trump administrator, under (US National Security Adviser John Bolton) John Bolton and Mike Pompeo, is now pressuring Germany to cancel a multi-billion dollar pipeline with Russia that would supply gas to the Western Europe,” Jones told Press TV on Friday. ...
China to Blacklist ‘Unreliable’ Foreign Firms Amid US Trade War
Post Date: 2019-05-31 17:41:30 by Tatarewicz
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TEHRAN (FNA)- China's Commerce Ministry Spokesperson Gao Feng said on Friday that Beijing would move to create its own blacklist containing "unreliable" foreign enterprises and individuals. According to the official, foreign firms and individuals that fail to comply with market regulations and substantially damage the legitimate rights and interests of Chinese companies will be included in a list of "unreliable entities", RIA Novosti reported. Gao added that China will announce additional details regarding its list in the near future. The announcement of the blacklist comes just a day ahead of China's plan to increase tariffs on $60 billion of US goods, ...
US can never bring businesses back from China: Journalist
Post Date: 2019-05-30 22:43:51 by Tatarewicz
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PressTV...Video:Journalist Gordon Duff believes that in the ongoing US-China trade row, American citizens are the ones at the receiving end. ******************************************************************************** China is halting purchases of soybeans from the United States amid the growing trade war between the world’s two largest economies, according to a report, increasing economic pressure on US farmers. China, the world’s largest soybean buyer, doesn't plan to cancel orders it's already made in the US, Bloomberg News reported on Thursday, citing people familiar with the situation. Chinese buyers haven’t received any further orders from Beijing to ...
Energy dealings with Iran lawful, must be respected: China to US
Post Date: 2019-05-30 04:11:37 by Tatarewicz
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PressTV... China, the top buyer of Iranian oil, has dismissed Washington’s warning to Hong Kong that it could face penalties if it provides services to a vessel carrying Iranian oil headed for the autonomous territory, saying “normal energy dealings” with Iran are in accordance with law and should be respected. In a Wednesday statement, a spokesman for Chinese Ministry of Foreign Affairs reiterated Beijing’s opposition to the US imposition of “unilateral sanctions and so-called long arm jurisdiction,” the South China Morning Post reported. “The normal energy dealings between Iran and the international community, including China, that is within the ...
Birth Certificates are Federal Bank Notes
Post Date: 2019-05-26 17:23:34 by BTP Holdings
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Birth Certificates are Federal Bank Notes Published on November 21, 2016 Dr. Paul Pharms, PhD Entrepreneur By The Truth Denied The American Bank Note Bldg. American Bank Note Company is a subsidiary of American Banknote Corporation and products range from currencies and credit cards to passports, driver’s licenses, and birth certificates. In the USA, citizens have never obtained their original Birth Certificates — what they possess is a copy. Furthermore, these ‘copies’ have a serial number on them, issued on special Bank Bond paper and authorized by “The American Bank Note Company”. (More on this later). The original birth or naturalization record for ...
ECONOMIC PEARL HARBOR: FED Asleep At The SWITCH!
Post Date: 2019-05-26 14:09:09 by BTP Holdings
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ECONOMIC PEARL HARBOR: FED Asleep At The SWITCH! by Lior Gantz | May 14, 2019 | Stock Market Wealth On Sunday, I recommended watching THIS documentary as one of the best ways to understand the dynamics of the 2008 emergency measures taken in order to stop the credit system from going under. One of the biggest lessons that was reinforced in my mind – after watching it five consecutive times – is that there’s no way that a complex structure like the U.S. economy can run smoothly when the differences between people’s educational background in the subjects of citizenship, rights, the constitution, and the monetary system, are so large that the Grand Canyon looks small in ...
Prototype maglev train can reach 600 km/h
Post Date: 2019-05-24 01:54:58 by Tatarewicz
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ecns... A Chinese manufacturer unveiled a prototype magnetic levitation train with a designed maximum speed of 600 kilometers per hour in Qingdao, Shandong province, on Thursday. The train was designed and made by CRRC Qingdao Sifang Co in the eastern port city of Qingdao. The company is a wholly owned subsidiary of China Railway Rolling Stock Corp, the world's largest rolling stock manufacturer by annual production volume. Experts said the debut of the prototype marks a major breakthrough by China in the high-speed maglev trains. Ding Sansan, head of the train's research and development team and deputy chief engineer of CRRC Qingdao, said the prototype can help check and ...
Official: Afghanistan Continues Oil Imports from Iran
Post Date: 2019-05-22 23:26:57 by Tatarewicz
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TEHRAN (FNA)- A spokesman of the Afghan ministry of oil and gas rejected media reports claiming that the country has stopped crude imports from Iran. "Oil imports from Iran have not been halted and no change has been made in the past policies," Mostafa Khalazayee told FNA on Wednesday. "There is no restriction on oil imports from Iran," he underlined. Khalazayee explained that the only restriction pertains to the consumption standards devised by the Afghan government which should be met and excessive imports by the Afghan businesspersons will be prevented. Afghan media reports claimed recently that the country has halted imports of oil from Iran. They also claimed ...
China is on the brink of collapse: Art Laffer
Post Date: 2019-05-21 21:36:54 by BTP Holdings
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Former Reagan economic adviser Art Laffer on the White House considering an additional $200 billion in tariffs on Chinese products entering the U.S.
How a cheap, brutally efficient grocery chain is upending America's supermarkets
Post Date: 2019-05-19 21:12:23 by Tatarewicz
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cnn... Running a supermarket in America has never been harder. Profits are razor thin. Online shopping and home delivery are changing the way people buy their food. Dollar stores and drugstores are selling more groceries. Pressures are so intense that regional chains like Southeastern Grocers, the owner of Winn-Dixie and Bi-Lo, filed for bankruptcy. Large companies increasingly control the industry, which had long operated as a dispersed network of smaller, local grocers. And even Walmart — the largest player of all — faces new competition from Amazon, which bought Whole Foods in 2017 for almost $14 billion. But when Walmart’s US CEO Greg Foran invokes words like ...
'China Was Never Our Friend,' Says Kyle Bass
Post Date: 2019-05-18 12:52:53 by BTP Holdings
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May.14 -- Kyle Bass, Hayman Capital Management founder and CIO, talks about the trade war with China. He says the U.S. and China don't trust each other. Bass speaks with David Westin on "Bloomberg Daybreak: Americas." Poster Comment:Listen to the video. He says China has stolen hundreds of millions in intellectual properties. Mark Zuckerborg has agreed to allow China to censor Facebook just so he could gain access to the markets over there.
Watch Shark Tank's Kevin O'Leary debate China trade with a Wharton professor
Post Date: 2019-05-18 12:36:40 by BTP Holdings
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Jeremy Siegel, professor of finance at Penn's Wharton School, and Shark Tank's Kevin O'Leary join "Squawk Box" to discuss how the Fed is watching the market volatility amid the U.S.-China trade war. Poster Comment:Right now China makes so much junk and sends it over here. Many things that used to be made here are now made over there. And with what results? Junk comes back. We had a Made in China Sawzall that just quit at work. No way to repair it. They had to go and buy a new one.
China’s rail operator apologises for holiday travel chaos but says it will seek to punish unruly passengers
Post Date: 2019-05-09 04:27:53 by Tatarewicz
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SCMP... The company that runs China’s railways apologised on Saturday for the chaotic scenes on trains and at stations during this year’s extended Labour Day holiday, but said it would also consider how passengers who contributed to the disruption should be punished. An estimated 70 million people took rail trips between Tuesday and Saturday, with the peak coming on Wednesday, when a record 17 million passengers boarded trains across the country on May 1. However, the huge crowds created big problems for operator China Railway Corporation (CRC). “Some unpleasant situations occurred and upset some passengers. We hereby apologise for that,” state broadcaster China ...
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