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Latest Articles: Business/Finance
The Fed’s Monetary Politburo Is Finally Catching Some Flack
Post Date: 2016-10-01 09:19:46 by Ada
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Now that’s more like it. Echoing Donald Trump’s Monday night bull’s-eye regarding the Fed’s thoroughly political essence, Rep. Scott Garrett put more wood to Janet Yellen during yesterday’s hearing: Rep. Scott Garrett, R-N.J., seized Trump’s mantle during Wednesday’s hearing, saying “the Fed has an unacceptable cozy relationship” with the Obama administration and Democrats. “As the saying goes, perception is reality,” Garrett told Yellen. “Whether you like it or not, the public increasingly believes that the Fed’s independence is nothing more than a myth.” Of course, it’s a myth and a dangerous one at that. The ...
Secret Alpine Gold Vaults Are the New Swiss Bank Accounts
Post Date: 2016-09-30 11:57:34 by Ada
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“There has been a real interest in alternatives to bank deposits.” Deep in the Swiss Alps, next to an old airstrip suitable for landing Gulfstream and Falcon jets, is a vast bunker that holds what may be one of the world’s largest stashes of gold. The entrance, protected by a guard in a bulletproof vest, is a small metal door set into a granite mountain face at the end of a narrow country lane. Behind two farther doors sits a 3.5-ton metal portal that opens only after a code is entered and an iris scan and a facial-recognition screen are performed. A maze of tunnels once used by Swiss armed forces lies within. The owner of this gold vault wants to remain anonymous for fear ...
OPEC Agrees on First Oil Output Cut Since 2008, After Saudis Back Down on Iran
Post Date: 2016-09-30 05:11:50 by Tatarewicz
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RI... OPEC has agreed to cut its oil output for the first time since 2008, following a capitulation by group's leader Saudi Arabia, which was forced to soften its stance on arch-rival Iran amid mounting pressure from low oil prices. According to Reuters sources in OPEC, the group would reduce output to 32.5 million barrels per day from current production of 33.24 million bpd, however some countries such as Iran were exempt from the cap, and if previous rumors were true, will be allowed to pump even more. Putting the "production cap" in context, the 32.5MMbbl - assuming nobody cheats and this being OPEC is a given - means that OPEC's production is back to early 2016 ...
7 FAQs About Sept. 30th D-Day
Post Date: 2016-09-29 17:37:24 by BTP Holdings
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Tomorrow — Sept. 30 — is a watershed moment in the saga of the collapse of the international monetary system. I’ve been making a nuanced argument for over a year about Sept. 30. Tomorrow, a new version of the International Monetary Fund’s special drawing right (SDR) will go live. It’s important you understand the facts and implications about this development… and not just the sound bites or “bumper sticker” information that you’ll read in headlines or short messages. The material we publish is carefully researched, written and published. We don’t like to make claims without backing them up. So if you’ve seen my writings about Sept. 30 ...
The world's first hydrogen-powered passenger train is coming to Germany
Post Date: 2016-09-26 05:42:19 by Tatarewicz
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ScienceAlert... The world’s first hydrogen-powered passenger train has been unveiled this week by French transport company Alstom, which will be operating the incredibly quiet and environmentally friendly 'Coradia iLint' in Germany from next year. The best thing about the Coradia iLint train is that it only leaks excess steam and condensed water into the atmosphere, which means it offers a zero-emissions alternative to Germany’s 4,000-strong fleet of diesel trains. The train was presented to the public for the first time last week at Berlin's InnoTrans trade show. Nicknamed the hydrail, it’s set to become the first hydrogen-powered passenger train to regularly ...
China's Xinhuanet gets approval for going public in Shanghai
Post Date: 2016-09-26 01:26:40 by Tatarewicz
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BEIJING, Sept. 24 (Xinhua) -- Xinhuanet.com, the website of China's official news wire Xinhua News Agency, has got the green light for an IPO on the Shanghai bourse. The China Securities Regulatory Commission (CSRC) announced the approval Friday night after years of consideration, without elaborating. According to the company's prospectus, Xinhuanet.com plans to raise nearly 1.5 billion yuan (230 million U.S. dollars) to fund its multi-media business, cloud service and mobile Internet services. In 2014, the company earned 634 million yuan in business revenue and 188 million yuan in net profit. Its major source of revenue came from advertising, which contributed 348 million yuan ...
David MORGAN : DOLLAR COLLAPSE Starts Sept 30 GOLD Bull Will Rage.
Post Date: 2016-09-25 19:25:11 by BTP Holdings
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Published on Sep 24, 2016 David MORGAN : DOLLAR COLLAPSE Starts Sept 30 GOLD Bull Will Rage.
Top Chinese legislator makes first visit to Finland to enhance ties
Post Date: 2016-09-25 08:26:54 by Tatarewicz
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HELSINKI, Sept. 24 (Xinhua) -- Top legislator of China said on Saturday the Chinese-Finnish relationship is a model that two countries with different social systems can develop close cooperation which is beneficial for both sides. Zhang Dejiang, chairman of the Standing Committee of the Chinese National People's Congress, made the remarks in Helsinki during his two-day visit to Finland. Meeting Finnish President Sauli Niinisto, Zhang said the bilateral relationship between China and Finland is a model of friendship maintained by nations who have different history and culture, social systems and development stages. Chinese President Xi Jinping and Niinisto reached consensus in 2013 ...
The Morgan Report’s Weekly Perspective
Post Date: 2016-09-24 18:59:16 by BTP Holdings
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The Morgan Report’s Weekly Perspective September 24, 2016 The Morgan Report’s Weekly Perspective | www.themorganreport.com The Morgan Report’s Weekly Perspective is our free e-newsletter. Our free e-newsletter will keep YOU in the top 3% of the Informed, the Awake, and the Aware. Join our Free weekly e-letter… www.themorganreport.com/joinfreelist I’ve Been Helping My Subscribers Weather the Current Economic Mess. Now I Invite You to Join My Growing Circle of Successful Investors. The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and ...
Clueless Janet Strikes Again
Post Date: 2016-09-22 19:19:38 by BTP Holdings
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Clueless Janet Strikes Again By David Stockman David StockmanBy punting again yesterday, our dithering money printers at the Fed are continuing to fuel a monumental orgy of corporate bond issuance. It only enables companies to speculate in their own stocks with borrowed money, while heaping windfall gains on the fast money traders who hound corporate boards into strip-mining their own balance sheets. The level of high grade corporate debt outstanding has gone nearly parabolic in the last few years and now stands at more than 2X its pre-crisis peak. Yet even Yellen admitted during yesterday’s mindlessly meandering presser that business capital expenditure (CapEx) has been ...
Swiss firm inks $839 million Iran wind farm deal
Post Date: 2016-09-22 02:30:58 by Tatarewicz
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PressTV... A Swiss company says it has signed a 750 million-euro ($839 million) deal with Iran to build a wind farm in the country’s mountainous north. The project will have an installed capacity of 270 megawatts, Meci Group International chairman Jeremiah Josey told Bloomberg Wednesday. He said turbine testing is already happening onsite. The project is being carried out under a five-year purchase agreement with Iran’s Energy Ministry. Josey expected the contract will be extended “once we prove ourselves.” Meci will finance the project with a bond issue and equity partners. The company has also agreed to build a 100-megawatt combined heat and power plant that will ...
The “Chicago Plan” to Save the World
Post Date: 2016-09-21 20:37:17 by BTP Holdings
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Congratulations — of a sort — go out to dear Uncle Samuel... The old coot notched a record this August. As Daily Reckoning contributor Simon Black notes, the federal government took on an additional $151.5 billion of debt last month — the “single biggest expansion of U.S. debt ever.” And this year’s $1.36 trillion debt orgy is on track to be the third-biggest annual increase in U.S. history, adds Black. The only two years that tallied higher debt growth were the crisis years of 2009 and 2010: “Federal debt is expanding at its fastest rate since the financial crisis, and one of the fastest rates in all of U.S. history.” And if the idea is to borrow ...
China facing possible debt crisis, says bank watchdog
Post Date: 2016-09-21 07:48:28 by Tatarewicz
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Gulf-Times... China’s credit-to-GDP gap reached 30.1% in the first quarter of 2016, its highest level ever and far above the 10% level thought to present a risk to a country’s banking system, Switzerland-based Bank for International Settlements said in a quarterly report on Sunday. AFP/Beijing China’s banking sector could be facing an imminent debt crisis, a global central bank watchdog has warned, fuelling fresh fears of a blowout in the world’s second largest economy which could hit the global financial system. The Bank for International Settlements (BIS) – dubbed the central bank of central banks – said a gauge of Chinese debt had hit a record high in the ...
Next big economic bust - C2C-AM
Post Date: 2016-09-21 03:45:57 by Tatarewicz
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In the first half, economist specializing in demographics, Harry Dent, discussed the cyclical nature of market bubbles and why he expects a crash to happen no later than next year, with late 2017 seeing the sharpest crash. According to his research, bubbles build exponentially, but they crash twice as fast, especially when it comes to stocks. Typically, half of the crash happens in the first two or three months, so if you wait to see if the market will reverse course, you can lose heavily, he remarked. He predicts this next crash will be worse than 2008, and the housing market will fall across the globe. The first sign of the coming downturn of the market was the bubble crash in the ...
Quantum Fund Cofounder Jim Rogers Issues $68 Trillion "Biblical" Prophecy
Post Date: 2016-09-20 08:04:57 by BTP Holdings
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The Morgan Report’s Weekly Perspective
Post Date: 2016-09-19 07:36:50 by BTP Holdings
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The Morgan Report’s Weekly Perspective September 19, 2016 The Morgan Report’s Weekly Perspective | www.themorganreport.com The Morgan Report’s Weekly Perspective is our free e-newsletter. Our free e-newsletter will keep YOU in the top 3% of the Informed, the Awake, and the Aware. Join our Free weekly e-letter… www.themorganreport.com/joinfreelist I’ve Been Helping My Subscribers Weather the Current Economic Mess. Now I Invite You to Join My Growing Circle of Successful Investors. The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and ...
The “TBTF” Banks Are Threatening the Global Economy Again – Here’s What You Need to Know
Post Date: 2016-09-19 07:26:29 by BTP Holdings
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The “TBTF” Banks Are Threatening the Global Economy Again – Here’s What You Need to Know May 4th, 2016 | By Shah Gilani The United States and global economic powers increasingly rely on big banks to facilitate government borrowing, fund commercial and consumer loans, underwrite economic growth, and act as originators, principals, and agents in capital markets. Now that reliance increasingly looks to be the cause of lackluster global growth. Today, we’ll look at the size of big-banks, their structural issues, and how the need to “socialize” their losses, because of their size, fundamentally retards economic growth. Then, on Friday, we’ll examine ...
Why I Wasn't Surprised by Wells Fargo's Scam
Post Date: 2016-09-19 07:22:10 by BTP Holdings
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Why I Wasn't Surprised by Wells Fargo's Scam Management wants us to believe "just 5,300 bad apples can spoil the bunch" at America's favorite bank... By Shah Gilani, Capital Wave Strategist, Money Morning • @WallStreet_II • September 19, 2016 By now we all know that Wells Fargo & Co. (NYSE: WFC), one of America's premier banking giants, got slapped with $185 million in fines to settle charges of widespread fraud. Or was it a screw-up? Maybe management, compliance officers, risk monitors, and auditors simply failed to catch thousands of employees who happened to be engaged in a massive and likely criminal enterprise going back five years. In ...
Chinese currency RMB will become more important for Australia's economy: ACBC chief
Post Date: 2016-09-19 04:11:02 by Tatarewicz
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SYDNEY, Sept. 16 (Xinhua) -- The Chinese currency RMB will become even more important for Australia's economy, and even the world, over the next three years as China's central bank continues its internationalization, the chief of the Australia China Business Council (ACBC) said on Friday. Australia's economy is continuing a mirroring economic transition, away from mining and industrial-led growth, to services industries tailored to capitalize on the Asian middle class. Within the next 10 years, it's expected trade links with growth even further with China expected to represent up to 47 percent of Australia's healthcare exports, 41 percent of educational exports, 35 ...
Marc Faber: 'Extreme Money Printing' Will Inflate Dow to 100,000
Post Date: 2016-09-18 12:13:02 by BTP Holdings
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Marc Faber: 'Extreme Money Printing' Will Inflate Dow to 100,000 Image: Marc Faber: 'Extreme Money Printing' Will Inflate Dow to 100,000 (Dollar Photo Club) By F McGuire | Friday, 16 Sep 2016 11:23 AM Investment guru Marc Faber, famous for his dire predictions, thinks the Dow Jones Industrial Average could eventually soar to 100,000. Thursday, it closed near 18,240. But in character with his “Dr. Doom” persona, the publisher of the Gloom Boom & Doom Report newsletter, it won’t be pretty. “In an extreme money-printing environment, the Dow Jones Industrial Average can go to 100,000,” Faber said in a recent interview with the Epoch Times. He ...
Why shredding $100 bills could be great for the economy
Post Date: 2016-09-17 16:16:20 by BTP Holdings
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Why shredding $100 bills could be great for the economy Justine Underhill September 17, 2016 While more than half of all transactions in the US are electronic—think debit cards, Apple Pay and Venmo—there’s still a record $1.4 trillion in physical currency, from pennies to $100 bills, circulating in the global economy. That’s almost double the amount from a decade ago, and about 80% of that cash is in $100 bills. These large bills could be making us poorer and less safe, says Kenneth Rogoff, Harvard economist and author of the new book “The Curse of Cash.” For Rogoff, the benefits of phasing out both $50 and $100 bills are two-fold: It would hamper criminal ...
Saudi Bombshells ... Don't Freeze to Death ... Calm Before the Storm
Post Date: 2016-09-17 08:55:07 by BTP Holdings
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Saudi Bombshells ... Don't Freeze to Death ... Calm Before the Storm Here’s a summary of stories from this past trading week, with a link to the full articles online. More Saudi Bombshells News of a Saudi-Russian oil pact to regain control over oil prices could be just the beginning. Speaking from the Arabian Peninsula, Martin Weiss, Ph.D. explains exactly why in his new 8-minute video on this urgent topic. Boom Coming in Connected Healthcare To cut costs from avoidable readmissions, hospitals will combine the cloud with devices that monitor patients at home or wherever they are. Jon Markman introduces two leaders in this coming revolution, Qualcomm and Philips USA. When ...
This Is the One Place Where We Actually Need More Taxes
Post Date: 2016-09-15 20:32:02 by BTP Holdings
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This Is the One Place Where We Actually Need More Taxes By Michael E. Lewitt, Global Credit Strategist, Money Morning • September 12, 2016 Michael E. Lewitt I'm all for radical tax reform: getting rid of tax deductions, ending estate taxes, and most of all, drastically lowering income and corporate tax rates. Read this if you don't believe me. But there's one section of the economy where we need more taxes. This is it. We Need a "Sin Tax"… on Derivatives Toward the end of 2009, proposals were floated in Congress to impose a modest tax on certain types of securities transactions. One proposed piece of legislation, titled "Let Wall Street Pay for ...
Harvard professor identifies the 'worst nightmare' in America right now
Post Date: 2016-09-15 17:35:43 by BTP Holdings
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Harvard professor identifies the 'worst nightmare' in America right now Nicole Sinclair September 14, 2016 “The confused national discourse about our economy and future prosperity in this election year is our worst nightmare,” Harvard Professor Michael Porter writes. “There is almost a complete disconnect between the national discourse and the reality of what is causing our problems and what to do about them. This misunderstanding of facts and reality is dangerous, and the resulting divisions make an already challenging agenda for America even more daunting.” In its just-released report on competitiveness, “Problems Unsolved and a Nation Divided: State ...
A Summary of the Rothschild crime syndicate in Israel
Post Date: 2016-09-15 01:13:41 by Tatarewicz
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- Fort Russ News - - There has been so much that has already been written about the Rothschild crime syndicate that for those who aren’t part of the Great Awakening/ Truth Movement, it simply gets confusing and overwhelming. It is my intent to unravel that in this article and to speak to common people and not just the intellectual elite. Before I begin, I want to emphatically state the following: To those freemasonic architects of control whose aim has always been to lie and confuse the masses by muddying the truth, let it be clear that what I am about to discuss is NOT a “conspiracy theory” – a pejorative they commonly use when they crave to assassinate articulate ...
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