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Latest Articles: Business/Finance
Bulgaria Could Cause a Global Collapse of Bitcoin
Post Date: 2017-12-19 09:45:21 by Ada
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Bulgaria owns bitcoins worth more than 3 billion euros. An amount through which the country would be able to repay a large part of its debts. However, this poses risks - because it could lead to a collapse of bitcoin, say a number of media quoted by Deutsche Welle. In recent weeks, a number of foreign media have glanced at Bulgaria. The reason: the poorest country in the EU has suddenly been the owner of a valuable treasure - over 210,000 bitcoins confiscated within a special operation in May this year. At the time of confiscation, the cost of those bitcoins was about 400 million euros. But over the course of the crypto-hit, the over 210,000 bitcoins turned into 3.3 billion euros - an ...
Bitcoin soars above historic $20,000 mark
Post Date: 2017-12-18 02:28:43 by Tatarewicz
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RT... The value of bitcoin has shot up to 20,000 US dollars, double the milestone 10k mark it hit in late November. The cryptocurrency has surged in value once again, having doubled its value over the past three weeks and reached over twenty times its worth a year ago. This is despite a number of crashes along the way, from which it has bounced back dramatically. Bitcoin’s seemingly unstoppable growth has excited investors, all the while some financial experts have continued to warn of a bubble that will inevitably burst. #Bitcoin hits new record brushing aside worries of potential bubble t.co/eDR8DZf9UDpic.twitter.com/BpDsMHfUzO — RT (@RT_com) December 16, 2017 A recent survey ...
Bubble Finance And The Era of No-See-Um Recessions
Post Date: 2017-12-15 09:09:56 by Ada
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Today’s single most dangerous Wall Street meme is that there is no risk of a stock market crash because there is no recession in sight. But that proposition is dead wrong because it’s a relic of your grandfather’s economy. That is, a reasonably functioning capitalist order in which the stock market priced-out company earnings and the underlying macroeconomic substrate from which they arose. Back then, Economy drove Finance: You therefore needed a main street contraction to trigger tumbling profits, which, in turn, caused Wall Street to mark-down the NPV (net present value) of future company earnings streams and the stock prices which embodied them. No longer. After three ...
I Was Wrong About Bitcoin. Here’s Why.
Post Date: 2017-12-15 07:27:30 by Tatarewicz
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NYT... Several years ago, tech enthusiasts in San Francisco began buzzing about a new and mysterious thing called Bitcoin. There were rumors that the virtual money, invented by a pseudonymous math genius named Satoshi Nakamoto, would revolutionize modern finance and render government-backed currency obsolete. Or maybe it was just a passing fad. I wanted to understand the phenomenon for myself. So in 2013, I bought a single Bitcoin, a clunky and labor-intensive process that involved going to a CVS and using MoneyGram to wire the dollar value of a Bitcoin — which was around $140 at the time — to a cryptocurrency exchange. I sold my Bitcoin a week later for a small loss, thoroughly ...
China about to knock out petrodollar by trading oil in yuan
Post Date: 2017-12-15 02:56:16 by Tatarewicz
1 Comments
RT... As one of the world’s top energy importers, China has successfully completed its fifth dry run in yuan-backed oil futures contract trading. The step has been already called Beijing’s challenge to the US dollar. Read more © Paul Yeung China's launch of 'petro-yuan' in two months sounds death knell for dollar's dominance According to Bloomberg, which cited a statement from the exchange, 149 members of Shanghai International Energy Exchange traded 647,930 lots in the rehearsal with a total value of 268.2 billion yuan. The system met the listing requirements of crude futures after the exercise, it added. “This contract has the potential to greatly ...
The Pros and Cons of Credit vs. Debit Cards
Post Date: 2017-12-14 09:38:49 by Tatarewicz
4 Comments
Nearly 70% of millennials prefer debit to credit cards, according to a 2015 report from Chime, and Transunion reports they have fewer bank-issued and private label cards than older generations. It’s understandable that they might be wary—credit card debt is a serious problem in the U.S., and it’s hard to dig yourself out of once you fall into it. The credit industry is incredibly opaque and predatory. But a credit card is also an important tool that, when used responsibly, can help better your financial situation over the course of your life. Here are some things to keep in mind about the differences between debit and credit cards. Article preview thumbnail How Much Money ...
Stock Gumshoe says Calyxt (CLXT) is the co. being touted in an investment letter for major improvements in agriculture.
Post Date: 2017-12-14 09:10:41 by Tatarewicz
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“A tiny biotech controls agricultural technology that could end food shortages forever… And, in the process, render Monsanto GMOs obsolete. “This development stands to make early investors 181 times their money in just a few years. “It’s why Citigroup, Wells Fargo, and other financial powerhouses have teamed up to launch the little company that’s responsible for all of it. “And you can get in on the action, too. But time’s running out… “Picture editing a document on your computer… You see a phrase that you don’t like, so you highlight and delete it. “Well, this analogy is the easiest way to explain how the technology of ...
Evidence points to Bitcoin being an NSA engineered psyop to roll out one-world digital currency
Post Date: 2017-12-14 05:24:39 by Tatarewicz
1 Comments
Natural News I’m going to assume the readers who make it to this article are well informed enough that I don’t have to go into the history of the global money changers and their desire for a one world currency. (If you don’t yet understand the goal of the globalist banking empire and the coming engineered collapse of the fiat currency system, you’re already about 5,000 posts behind the curve.) With that as a starting point, it’s now becoming increasingly evident that Bitcoin may be a creation of the NSA and was rolled out as a “normalization” experiment to get the public familiar with digital currency. Once this is established, the world’s fiat ...
Russia's Blockchain Revolution
Post Date: 2017-12-11 07:55:13 by Tatarewicz
2 Comments
Moscow Times... intellinews.com Russia has gone a bit blockchain bonkers. President Vladimir Putin has been looking for something for Russia to be good at for a while, but hasn’t had much luck so far. Now it’s the secure data-transfer technolgy’s turn and here Putin actually has a very good chance of making a difference. Back in 2006, Putin gave a speech in which he said: “Russia’s greatest asset is not oil and gas, but its people. Russia’s human capital is its most valuable resource.” And given Russia is the country that put the first man into space while working under a totalitarian regime that was run on central planning lines, he probably has a ...
Uzbekistan, Afghanistan sign rail deal with eyes on Iran
Post Date: 2017-12-08 21:47:39 by Tatarewicz
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PressTV... Afghanistan and Uzbekistan have signed an agreement to extend a railway between the two countries which could give Uzbekistan a strategic access to the Persian Gulf through Iran. The agreement over the project – which would be within the framework of the Trans-Afghan Transport Corridor that has been in the pipeline for over 12 years – was signed in Uzbekistan’s capital Tashkent on Thursday by Uzbek President Shavkat Mirziyoyev and his Afghan counterpart Mohammad Ashraf Ghani. The plan is to construct a new railway with a total length of above 1,000 kilometers from Mazar-e-Sharif in Afghanistan’s northern province of Balkh and to the western city of Herat ...
Neo-Nazis are also profiting from bitcoin's massive boom
Post Date: 2017-12-08 09:20:04 by Ada
11 Comments
Cryptocurrency bitcoin has shot up massively in value over the last few days, currently sitting at $15,338. That's profited anyone who holds the cyrptocurrency — including neo-Nazis forced to accept anonymous donations in bitcoin after being banned from legitimate fundraising services. Pro-Nazi publisher Counter Currents and neo-Nazi internet troll Andrew "weev" Auernheimer have raised thousands of dollars in bitcoin. The news will do little to counter bitcoin's reputation as a currency for criminals and other undesirable players. The massive boom in the value of bitcoin has ended up profiting neo-Nazis who have taken thousands of dollars in donations, ...
China’s banking system risks facing crisis: IMF
Post Date: 2017-12-08 05:40:19 by Tatarewicz
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PressTV... The IMF warns of brewing risks in China’s banking system as capital buffers are needed to beef up protection against possible financial crises. (File photo) The International Monetary Fund (IMF) has claimed that China risks facing a growing debt-dependency in its banking system, urging Beijing to increase its capital buffers to protect against a possible “financial crisis.” The Washington-based organization said in a report on Thursday that reforms by Beijing over the past five years had not gone far enough as financial credit in the world’s second-biggest economy had risen high by international standards, and personal debt had also increased in the same ...
Bitcoin On Fire: Approaching $14K
Post Date: 2017-12-06 20:04:28 by Pinguinite
12 Comments
I'm sure a pullback is due at some point, but this is surpassing my most optimistic expectations. It's gone up about 15% in 24 hours, which was already a price from which a retrace would have been normal and expected. Next week, the CME is set to start trading "Bitcoin Futures" which are to be settled in cash, something I would equate to simply a betting house for what the real bitcoin price will be, and likely being implemented solely for the purpose of attempting to suppress the true bitcoin supply/demand price. They might as well be "futures" trading on daily temperature highs for some random US city. It would be just as legitimate. I am now wondering if ...
Plunder Capitalism
Post Date: 2017-12-04 09:38:42 by Ada
1 Comments
I deplore the tax cut that has passed Congress. It is not an economic policy tax cut, and it has nothing whatsoever to do with supply-side economics. The entire purpose is to raise equity prices by providing equity owners with more capital gains and dividends. In other words, it is legislation that makes equity owners richer, thus further polarizing society into a vast arena of poverty and near-poverty and the One Percent, or more precisely a fraction of the One Percent wallowing in billions of dollars. Unless our rulers can continue to control the explanations, the tax cut edges us closer to revolution resulting from complete distrust of government. The current tax legislation drops ...
Flying higher and faster: Bitcoin blasts past $11,700
Post Date: 2017-12-04 06:18:10 by Tatarewicz
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RT... The new age cryptocurrency bitcoin which has been on a record-breaking bull run has done it again, hitting $11,700. The digital currency broke through both $10,000 and $11,000 levels this week for the first time. The cryptocurrency has been smashing symbolic price barriers every few days, slightly retreating at times but accelerating to reach dizzying new heights. qBitcoin $11,750. Up $2500 this week. As expected growth is accelerating. Traditional media still don’t get it and probably never will. http://#bullishpic.twitter.com/MFUJgYIiLB — Marc van der Chijs (@chijs) December 3, 2017Q Bitcoin's rise in value has been unprecedented in 2017, starting from below $1,000 ...
Venezuela to launch new cryptocurrency 'petro'
Post Date: 2017-12-04 03:12:25 by Tatarewicz
1 Comments
فارسPressTV... Venezuelan President Nicolas Maduro has announced that his country will be introducing a new cryptocurrency to battle the US financial “blockade.” "Venezuela will create a cryptocurrency... the 'petro,' to advance in issues of monetary sovereignty, to make financial transactions and overcome the financial blockade," said Maduro in his weekly televised broadcast on Sunday. He added that it will be backed by natural resources reserves without providing further details. The announcement drew widespread scorn from the economically-crippled country's opposition, who voiced doubt over Venezuela's ability to launch a ...
Dark Money Will Cause Hyperinflation – Rob Kirby
Post Date: 2017-12-03 11:28:38 by BTP Holdings
5 Comments
Dark Money Will Cause Hyperinflation – Rob Kirby By Greg Hunter On November 26, 2017 In Market Analysis 159 Comments By Greg Hunter’s USAWatchdog.com (Early Sunday Release) Macroeconomic analyst Rob Kirby says there is enough so-called “Dark Money” already out there to cause hyperinflation. Kirby explains, “The Saint Louis Fed keeps track of the monetary aggregates, and they tell us the money supply is “X.” My view of reliability of that data reporting–I think it’s all bogus because they are not measuring or counting how many dollars would be contained in an entity like the Exchange Stabilization Fund (ESF) where it’s “Dark ...
An Insider’s View of SYRIZA-Led Greek Capitulation to EU Blackmail
Post Date: 2017-12-03 10:00:11 by Ada
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There were specific economic decisions that created the Greek crisis. It needn’t have happened if it weren’t deemed useful by the powers-that-be in Europe. The crisis was real, but it was largely manufactured by people who were creating distractions from Europe’s real problems. ATHENS, GREECE — Greek-born economist Yanis Varoufakis, who served as finance minister of the SYRIZA-led Greek government from its election in January 2015 until July 2015, has regularly been afforded rockstar status by the international mainstream media and by such personalities as Noam Chomsky and Julian Assange. In the aftermath of Greece’s July 2015 referendum, in which voters ...
The GOP Tax Bill: Fuggedaboutit!
Post Date: 2017-11-29 09:04:46 by Ada
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The GOP has become so politically desperate that they might as well enact a two-word statute and be done with it. It would simply read: Tax Bill! Actually, that’s not far from where they are in the great scheme of things. The Senate Finance Committee’s bill is a dog’s breakfast of K-Street/Wall Street pleasing tax cuts, narrowly focused revenue raisers that will be subject to withering attack on the Senate floor, nonsensical vote-driven compromises and outrageous fiscal gimmicks – the most blatant of which is the sun-setting of every single individual tax provision after 2025. This latter trick is designed to shoehorn the revenue loss into the $1.5 trillion 10-year ...
Bitcoin smashes $10,000 landmark on South Korean exchange
Post Date: 2017-11-28 02:32:46 by Tatarewicz
10 Comments
RT...The first decentralized peer-to-peer payment system, bitcoin, has broken through the $10,000 mark on South Korea’s Bithumb, one of world’s biggest exchanges for cryptocurrencies. The price of bitcoin this year has jumped more than 10-fold. The digital currency is still unrecognized or regarded as an asset by most central banks. It started the year at below $1,000. Now, according to the PwC rating of the 100 largest companies, the turnover of all bitcoins is worth more than Citigroup or the economy of Qatar. qBitcoin now $10,062 on the large Korean exchange Bithumb t.co/zCp2hz79ei — Julian Assange 🔹 (@JulianAssange) November 27, 2017Q Bitcoin is now facing ...
Costco holds first-ever Black Friday event in Taiwan
Post Date: 2017-11-27 23:34:39 by Tatarewicz
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Taipei Times...Costco Wholesale Taiwan Ltd held its first-ever Black Friday promotional event on Friday last week. Shoppers lined up in advance in the chilly weather to grab a bargain even though details of the promotion were kept under wraps by the store prior to the event. Costco says the number of shoppers who took part in the event were in line with expectations and the biggest bargain to be had was a buy-one-get-one-free deal on a 60-inch Sharp TV, which cost around NT$30,000 and came with a free 45-inch InFocus TV. Black Friday is an important occasion in the US retail calendar. During the Thanksgiving holiday period, American consumers take the opportunity to stock up on goods, with ...
In praise of Tesla’s bankruptcy
Post Date: 2017-11-27 07:15:21 by Horse
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You know everybody loves Tesla-the-company. But did you know that a whole lot of smart people hate Tesla-the-business? “From a return-on-investment-capital standpoint, Tesla is a catastrophe.” “The electric-car maker has been burning money at a clip of about $8,000 a minute (or $480,000 an hour.)” “Tesla is losing a massive amount of money with no competition, and yet massive competition is coming.” Jim Chanos summarized all of the reasons why nicely: “If you wouldn’t be short a multi-billion-dollar loss-making enterprise in a cyclical business, with a leveraged balance sheet, questionable accounting, every executive leaving, run by a CEO with a ...
Former GM exec calls Tesla a 'losing enterprise,' and says it's 'going out of business'
Post Date: 2017-11-18 08:25:26 by BTP Holdings
1 Comments
Former GM exec calls Tesla a 'losing enterprise,' and says it's 'going out of business' Bryan Logan Tesla TSLA Tesla 315.05 2.55 (+0.80 %) Disclaimer Get real-time TSLA charts here » Former General Motors executive Bob Lutz panned Tesla less than 24 hours after the electric-car company revealed its first big rig truck and a new roadster. Lutz called Tesla a "losing enterprise" and said it's "going out of business." Tesla has had problems of late, both on its assembly lines and in the front office. Bob Lutz, the former General Motors executive, scoffed at Tesla on Friday, calling the electric-car company a "losing ...
Amazon seller loses $400,000 in sales to a rival's attack
Post Date: 2017-11-17 20:02:05 by BTP Holdings
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Amazon seller loses $400,000 in sales to a rival's attack CNBC Ari Levy 2 hrs ago You can buy this private island less than an hour from NYC. But it isn't cheap. David Damavandi should be an Amazon success story. Using the company's marketplace, the 31-year-old entrepreneur built a skin care business to more than $10 million in annual revenue in seven years, thanks in large part to having the most popular facial steamer on Amazon.com. But rather than gearing up for Cyber Monday and a potential blockbuster holiday season, Damavandi's Los Angeles company, Pure Daily Care, is in crisis. For the bulk of 2017, he says, he's been under assault by a rival brand named ...
Auto-Loan Subprime Blows Up Lehman-Moment-Like
Post Date: 2017-11-16 06:53:09 by Horse
1 Comments
But there is no Financial Crisis. These are the boom times. Given Americans’ ceaseless urge to borrow and spend, household debt in the third quarter surged by $610 billion, or 5%, from the third quarter last year, to a new record of $13 trillion, according to the New York Fed. If the word “surged” appears a lot, it’s because that’s the kind of debt environment we now have: Mortgage debt surged 4.2% year-over-year, to $9.19 trillion, still shy of the all-time record of $10 trillion in 2008 before it all collapsed. Student loans surged by 6.25% year-over-year to a record of $1.36 trillion. Credit card debt surged 8% to $810 billion. “Other” surged 5.4% ...
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