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Latest Articles: Business/Finance
Iran, South Korea to Do Trade Exchanges in Local Currencies
Post Date: 2018-11-08 23:01:41 by Tatarewicz
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TEHRAN (FNA)- Tehran and Seoul reached an agreement to conduct their trade exchanges in their national currencies rather than the US dollar. The two countries will restart the won-based settlement of bilateral trade transactions using the accounts of the Central Bank of Iran at two South Korean banks: Woori Bank and the Industrial Bank of Korea, media reports said. The move came after the US announced on Monday that it had restored all Iran sanctions that had been lifted in 2015 after a nuclear deal was signed between the country and the six world powers. Following the US withdrawal from the Iran nuclear deal back in May and the reinstatement of economic sanctions on Iran, US President ...
India, Iran, Russia push alternative to Suez Canal
Post Date: 2018-11-01 00:10:35 by Tatarewicz
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PressTV... The International North-South Transport Corridor is to link the Indian Ocean and Persian Gulf via Iran to Russia and North Europe. India, Iran and Russia will meet next month to discuss the operation of a 7,200 km trade and transport corridor that presents a cheaper and shorter alternative to the traditional route through the Suez Canal. The International North-South Transport Corridor (INSTC), a multimode network of sea and rail routes, will link the Indian Ocean and the Persian Gulf via Iran to Russia and North Europe. The project comes in the backdrop of China’s multi-trillion-dollar One Belt One Road initiative. Within Iran, the two routes overlap in a potential boon ...
Rescuing the Banks Instead of the Economy
Post Date: 2018-10-31 08:07:49 by Ada
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You can’t bail out the banks, leave the debts in place, and rescue the economy. It’s a zero-sum game. Somebody has to lose. That’s what happened in 2009 when President Obama came in. He invited the bankers to the White House and he said, “I’m the only guy standing between you and the mob with pitchforks,” by which he meant the voters that he was bamboozling. He reassured the bankers. He said, “Look, my loyalty is to my campaign donors not to the voters. Don’t worry; my loyalty is with you.” I’m Bonnie Faulkner. Today on Guns and Butter, Dr. Michael Hudson. Today’s show: Rescuing the Banks Instead of the Economy. Dr. Hudson is a ...
Trump Is Right, the Fed Is Crazy
Post Date: 2018-10-30 10:21:51 by Ada
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President Trump recently called the Federal Reserve’s interest rate hikes crazy. Leaving aside President Trump’s specific complaint, which is likely motivated by the belief that low rates will help him win reelection, he is right that “crazy” is a good way to describe the Federal Reserve. When not forced to use a government-created currency, individuals have historically chosen to use a precious metal such as gold or silver as money. The reasons include that precious metals are durable and their value tends to remain relatively stable over time. A stable currency ensures that prices accurately convey the true value of goods and services. A main value of a precious ...
This landmark LNG deal will change energy geopolitics forever
Post Date: 2018-10-29 03:11:05 by Tatarewicz
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RT... China’s LNG demand grew by a record 8 mt in 2017 and is set to expand by another record 12 mt this year, making up 50 percent of all global LNG demand growth, energy consultancy Wood Mackenzie said in a new report last week. The country’s spike in LNG usage comes as Beijing pushes forward with its plan to offset coal usage of both industrial and residential end users in an effort to curb rampant air pollution, particularly in its major urban centers. Beijing has mandated that natural gas make up at least 10 percent of its power generation energy mix by 2020, with further earmarks set for 2030. China’s increased LNG usage is already transforming global markets for the ...
Iran starts selling oil through its Energy Bourse
Post Date: 2018-10-28 22:17:39 by Tatarewicz
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PressTV... Iran has started direct sales of oil to domestic and international buyers through its energy bourse in what appears to be a landmark strategy to dodge the impacts of returning sanctions. hlsjs: Iran has started direct sales of oil to domestic and international buyers through its energy bourse in what appears to be a landmark strategy to dodge the impacts of returning sanctions. Iran has started direct sales of oil to domestic and international buyers through its energy bourse in what appears to be a landmark strategy to dodge the impacts of returning sanctions. Buyers were able to purchase as much as 280,000 barrels of Iran’s light oil at an average price of $74.85 in the ...
'EU to invite Russia, China to join alternative payment network for Iran'
Post Date: 2018-10-26 23:43:32 by Tatarewicz
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PressTV... The European Union plans to invite Russia and China to join a future alternative payment network to the global financial services provider SWIFT to circumvent the US sanctions on Iran, according to Russia’s EU ambassador Vladimir Chizhov. Speaking to the Rossiya-24 TV channel, the top Russian diplomat said the future transaction system will be open to an even broader set of parties after its initial launch, adding that "there is an understanding that they will create it on their own, put it into practice and then open it for third states." Chizov said the project to create a special mechanism for financial transactions with Iran bypassing the US sanctions is now ...
This Is How Manufacturing Is Coming Back To America, Flip The Narrative - Episode 1697a
Post Date: 2018-10-24 06:57:14 by BTP Holdings
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Get economic collapse news throughout the day visit http://x22report.com Report date: 10.23.2018 The economy if you go by the statistical numbers is doing better than it ever did before. But we know that this is not the true information on how the economy is doing. The economy has been manipulated for a long time and the manipulation is continuing to use it against the central bank and the deep state. The strategy is to get rid of the globalist system and reverse what has been done over the many years. So when we see China in the cross hairs we know that this is the strategy, show the corporations what China has been up to and make it impossible for companies to stay not just in China ...
America Is Drowning in Milk Nobody Wants
Post Date: 2018-10-23 23:37:12 by Tatarewicz
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Bloomberg... Dairy farmers are under siege thanks to low prices and changing tastes. Even a one-week holiday shutdown by yogurt giant Chobani inflicted pain. A decade ago, Greek yogurt was ascendant in America. In New York state, the hope among farmers and politicians was that their fortunes would benefit as well. In 2005, Hamdi Ulukaya spent less than $1 million buying an old Kraft yogurt processing plant in New Berlin, 150 miles northwest of New York City. Within two years, the native of Turkey was already a success. His yogurt brand, Chobani, was in supermarket refrigerators everywhere, pushing aside older, big-name brands while making Greek yogurt a staple of the American diet. Rich ...
Former Fed Chairman Paul Volcker thinks 'we're in a hell of a mess'
Post Date: 2018-10-23 18:21:11 by Ada
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He told The New York Times that the nation has lost respect for its leadership and institutions. Former Federal Reserve Chairman Paul Volcker, who has reached legend status in the world of central banking, isn't optimistic about current conditions. When Volcker looks around now, he sees "a hell of a mess in every direction," including a lack of basic respect for government institutions, a current Fed that seems to be following a completely arbitrary benchmark and a "swamp" in Washington run by plutocrats. "At least the military still has all the respect. But I don't know, how can you run a democracy when nobody believes in the leadership of the ...
US forces Iraq to give $15 billion deal to GE instead of Siemens
Post Date: 2018-10-21 23:58:22 by Tatarewicz
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PressTV... Germany is angry after the US government intervenes in a multi-billion-dollar deal for Siemens AG to develop power stations in Iraq and forces Baghdad to opt for General Electric (GE) instead. The American company signed a memorandum of understanding with the Iraqi government earlier this week, outlining their cooperation in the fields of oil and gas production and power generation. A person, who has seen the paperwork, told The Financial Times that Washington plans to offer financing and insurance for US firms doing business in the Iraqi power sector. GE's agreement with Iraq dashed Siemens’ hopes of winning a $15 billion contract to supply 11 gigawatts of ...
The Fed's Independence Questioned,Maybe They're Not Good For The Country,So Why Does It Exist: C Smith
Post Date: 2018-10-20 19:13:27 by BTP Holdings
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Poster Comment:Trump has a picture of Andrew Jackson hanging in the Oval Office. What does that tell you about his true motives? Janet Yellin is already giving him a load of crap. ;)
It Ain't So, Alan! Why Greenspanian Central Banking Is the Mortal Enemy of Capitalist Prosperity
Post Date: 2018-10-20 18:00:56 by Ada
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We can thank bubblevision and the Maestro himself for a splendid reminder today that Greenspanian central banking is the greatest menace to capitalist prosperity ever invented. This was made abundantly clear by his pronouncement on CNBC regarding the current labor market: “Tightest labor market I’ve ever seen.” – Greenspan on @CNBC As an empirical matter, of course, that’s rank nonsense – and is among the stupidest quips the Maestro has ever uttered. That’s because the law of supply and demand dictates that if the labor market is actually the tightest since Greenspan began his career in the 1950s, wage rates should also be rising at the highest rate ...
"The Factory of the World"
Post Date: 2018-10-20 15:43:23 by sneakypete
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Factory City,also known as "The Factory of the World",is the America of Tomorrow if the Dims win. It is the wet dream come true of international financiers like George Soros,where they end up owning or controlling every aspect of production,including the workers. I am unsure if this is 21 st Century Communism,or if it is suddenly the 1930's again. 17,000+ employees that live,work,marry,give birth,and die right there. They all walk to work,so there is no need for any of them to have cars or any other form of transportation,although the shift bosses in the factory ride around on bicycles to keep the production going smoothly. They all live in company apartments,shop in ...
Elizabeth Warren's ex-husband founded DNA testing company
Post Date: 2018-10-20 10:34:21 by Ada
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Sen. Elizabeth Warren's ex-husband co-founded a DNA testing company and wrote one of the first computer codes for making genetic comparisons. Jim Warren's career involved him in the kinds of genetic testing that Elizabeth Warren controversially invoked this month to prove that she had Native American ancestry. One of the two other co-founders of his testing company, FamilyTreeDNA, has worked with Carlos Bustamante, the Stanford University geneticist who administered a DNA test at Elizabeth Warren's request. Bustamante, a Stanford University geneticist, conducted the test, which Elizabeth Warren used to respond to President Trump's "Pocahontas" taunt and his ...
US shale’s glory days are numbered
Post Date: 2018-10-19 09:52:19 by Ada
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There are some early signs that the US shale industry is starting to show its age, with depletion rates on the rise. A study from Wood Mackenzie found that some wells in the Permian Wolfcamp were suffering from decline rates at or above 15 percent after five years, much higher than the 5 to 10 percent originally anticipated. “If you were expecting a well to hit the normal 6 or 8 percent after five years, and you start seeing a 12 percent decline, this becomes more of a reserves issue than an economics issue,” said R.T. Dukes, a director at industry consultant Wood Mackenzie Ltd., according to Bloomberg. As a result, “you have to grow activity year over year, or it gets ...
Dollar's Reserve Status Slumps to 5 Year Lows
Post Date: 2018-10-19 09:46:02 by Ada
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Treasury International Capital flows showed Brazil the biggest buyer of Treasurys in August (followed by Ireland and France), but it was China and 'ally' Japan that dumped the most Treasurys in the month... Brazil is Steve Mnuchin's best friend... Click for Full Text!
US Treasury Leakers Had Ties With Mueller Mob, 2413
Post Date: 2018-10-19 06:19:05 by BTP Holdings
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Good evening, I’m still reporting on: US Treasury Leakers Had Ties With Mueller Mob, 2413 Synopsis: According to the Gateway Pundit, Tuesday’s indictment of Treasury Dept. officials who leaked secret banking records of former Trump campaign manager, Paul Manafort, to news media are tied to corrupt Mueller attorney Andrew Weissmann. Forty-year old Natalie Edwards, the senior advisor in the Treasury Department’s Financial Crimes Enforcement Network – or FinCEN - leaked FinCEN documents to Jason Leopold, a reporter for BuzzFeed. Shockingly, it goes still higher. Named as a co-conspirator with Edwards is an unnamed person only identified as one of the six Associate ...
You might find your next home on Amazon You might find your next home on Amazon
Post Date: 2018-10-19 04:38:25 by Tatarewicz
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Quartz... This story is part of What Happens Next, our complete guide to understanding the future. Read more predictions about the Future of Home. Over the coming decades, housing will continue to be transformed from a product into a service. Just like we order an Uber or get noodles delivered to our doorstep without much human interaction, soon we’ll be able to rent, buy, or sell homes nearly instantly with an app. This will be a profound change for the residential real-estate industry, which has historically been a “people-driven” business. It involves many different human jobs in order to make a deal happen—realtors, mortgage brokers and lenders, lawyers, title ...
Iran: No Country Able to Boost Oil Production
Post Date: 2018-10-17 00:31:25 by Tatarewicz
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TEHRAN (FNA)- Iranian Oil Minister Bijan Namdar Zanganeh said that the market is facing reduction in supply and no producer is able to make up for the loss. "At present, the oil market is facing reduction in supply and is not balanced," Zanganeh told reporters in Tehran on Tuesday. "At present, no producer has the needed possibility and power to increase production," he added. Zanganeh explained that Saudi Arabia is now using its oil reserves while the US has announced that it will not use its reserves until ambiguities about the fate of Saudi journalist Jamal Khashoggi are cleared. He noted that US President Donald Trump thinks that he can decrease oil prices ...
Budget Deficit Ballooned in 2018, Treasury Says
Post Date: 2018-10-15 20:01:02 by BTP Holdings
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Budget Deficit Ballooned in 2018, Treasury Says By JIM TANKERSLEY 3 hrs ago © Justin T. Gellerson for The New York Times Treasury Department data show the federal budget deficit rose to $779 billion in fiscal year 2018, an increase of nearly 17 percent year over year. WASHINGTON — The federal budget deficit swelled to $779 billion in fiscal year 2018, the Treasury Department said on Monday, driven in large part by a sharp decline in corporate tax revenues after the Trump tax cuts took effect. The deficit rose nearly 17 percent year over year, from $666 billion in 2017. It is now on pace to top $1 trillion a year before the next presidential election, according to forecasts ...
The Electric Revolution: Move Aside Lithium, Vanadium Is the New Super-Metal for Bigger Batteries
Post Date: 2018-10-15 05:16:09 by Tatarewicz
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Global Research The lithium ride was a great one. Cobalt, too. All they needed was their Elon Musk moment, which came in the form of the Nevada battery gigafactory. The next Elon Musk moment won’t be about lithium at all—or even cobalt. It will be for an element that takes everything electric to its revolutionary finish line: Vanadium. The one moment that will change everything … and that moment may be near. Vanadium is lithium on steroids—wildly bigger and the only way forward from here. We may have already reached the peak of our electric revolution through batteries with lithium. We need bigger batteries, preferably the size of a football field—or 20. ...
Austrian Envoy Proposes New Method to Nullify US Sanctions against Iran
Post Date: 2018-10-14 23:22:28 by Tatarewicz
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TEHRAN (FNA)- Austrian Ambassador to Tehran Stefan Scholz proposed parties to the 2015 nuclear deal with Iran to develop national digital currency and blockchain strategic plans to confront the US sanctions. "JCPOA stakeholders could increase their influence within blockchain-based finance by developing National Digital Currency and Blockchain Strategic Plans as greater auditability that blockchains allow is a positive step for transparency in terms of AML/CFT," Scholz wrote on his twitter page on Sunday. His remarks came in reaction to a report in Forbes magazine which wrote that "states like Russia, Venezuela, and Iran are looking to build blockchain technology to ...
Dr. Mark Skidmore - $21 Trillion “Missing” Money Huge Implications for Dollar
Post Date: 2018-10-14 19:46:12 by BTP Holdings
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Michigan State Economics Professor Dr. Mark Skidmore says there is a limit to money printing even when all the global central banks are doing it. Skidmore says, “What does it mean when a central bank is buying equities, or buying debt with printed money in order to suppress interest rates and keep this game going? I think, overall, the whole world is awash in debt, and it’s expanding at a rate that is unsustainable. The only way it has been sustained is that interest rates have been falling for 30 years. Now, interest rates are no longer falling, and we are running up against a constraint. Now, if this $21 trillion in “missing” federal money really represents spending ...
Trump Enters the Assassination Zone
Post Date: 2018-10-14 05:52:56 by Tatarewicz
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PMF... All assassinated US presidents shared something as off-limits as it gets, fighting the debt plague of Rothschild central banking; Lincoln, Garfield, McKinley, Kennedy. And now, Trump has gone on record with: — “The Federal Reserve is an unelected cabal of central bankers that is running our economy into the ground, and the only way we are going to fix our long-term economic and financial problems is if we abolish it.” Regarding the fed continuing to raise interest rates despite recent market turbulence, Trump just accused the fed of, “Going loco”…and, “They are so tight. I think the Fed has gone crazy.” Crazy, loco…abolish the ...
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